EverGen Infrastructure (EVGN) Investor presentation summary

Strategic positioning and growth outlook

• Focus on optimizing core RNG and organics processing assets while expanding a disciplined energy infrastructure platform.

• Recent transactions have strengthened the shareholder base, refreshed leadership, and increased balance sheet flexibility through non-recourse, asset-level financing.

• Visible EBITDA growth is driven by increasing RNG production from asset optimization and expansion projects.

• Regulatory tailwinds from federal and provincial low-carbon fuel and organics diversion policies support growth.

• Platform is positioned to consolidate a fragmented Canadian RNG and organics market.

Asset portfolio and operations

• Core operating assets include Fraser Valley Biogas, Pacific Coast Renewables, GrowTEC, and Sea to Sky Soils, with 190,000 tonnes/year organics processing capacity.

• RNG production capacity stands at 230,000 GJ/year, with plans to reach 330,000 GJ in the medium term and 500,000+ GJ long term.

• Long-term offtake agreements with utilities like FortisBC and Irving Oil underpin stable cash flows.

• Recent expansions include a $12M upgrade at Fraser Valley Biogas and a $10.5M Clean Fuels Fund award for Pacific Coast Renewables.

• Additional pipeline includes two planned RNG expansions and three large-scale greenfield projects.

Financials and shareholder structure

• Market capitalization of C$10.2M as of April 27, 2026, with C$2.1M cash and C$17.5M primarily asset-level debt.

• 41% of shares held by board and management, 31% by institutions, and 28% by retail and HNW investors.

• Median analyst target price of $2.00 implies a 390% return from the current share price.

• EBITDA projected to grow from ~$3M today to $20M+ long term, with implied enterprise value rising to $240-280M.