Profire Energy : Investor Overview

PROVIDING SAFETY, EFFICIENCY, & GROWTH FOR CUSTOMERS AND STAKEHOLDERS

INVESTING IN PROFIRE MEANS INVESTING IN LEADING CLEAN COMBUSTION TECHNOLOGY

WHO IS PROFIRE?

LEADING INNOVATIVE SAFETY & COMBUSTION TECHNOLOGY COMPANY

We provide combustion, control, & ESG solutions to industrial markets--primarily in the Oil & Gas industry. Currently, these markets of focus are rapidly expanding.

PRIMARY AREAS OF FOCUS

1. ESG TECHNOLOGY BASED SOLUTIONS
2. • Helping our customers achieve their ESG initiatives
   • • Emissions reduction & monitoring
     • Methane & VOC destruction
3. REVENUE DIVERSIFICATION
4. • Supporting & pursuing technology applications in diversified industries.
   • 2022 $2.8M, or 6% of total revenue. We believe we can exceed this amount in 2023.
   • Other industries include: manufacturing, construction, agriculture, landfill, LNG, mining, power gen, water & waste water.
5. PROTECT OUR LEGACY BUSINESS
6. • Oil and gas will remain critical to the worlds energy needs for the next several decades.

PROFIRE'S VISION:

To protect people, improve workplace safety and efficiency, and care for our environment.

PROFIRE'S MISSION:

We create purpose-built automation and safety control solutions that our customers love to use. ​

OUR HISTORY

2002

Founded in Edmonton, Alberta Canada as a service company working on combustion

equipment in oil fields

2002-2004

Observed severe lack

of safety in the oil field

combustion process

2005

Launched the first BMS (Burner Management System) controller after years of development

2014

Uplisted to the NASDAQ

2015-2017

Weathered the horrific industry downturn and remained cash flow positive while more than tripling the size of our customer base

2023

Weathered COVID, expanded outside oil & gas with 90,000 units produced

LOOKING FORWARD

Acquisitions & product development have triggered significant market share ownership, product dominance, and ongoing industry diversification

FINANCIAL METRICS

STOCK DETAILS			REVENUE BREAKDOWN
STOCK PRICE (08/04/2023)	$1.41		REVENUES (ttm)	$55.8M
Market Cap	$67.1M		Net Income (ttm)	$8.5M
Shares Outstanding¹	~47.6M		EPS (ttm)	$0.17
Public Float (shares)	~35.0M		EBITDA3 (ttm)	$12.3M
Insider Holdings	~26.4%		EBITDA Margin3 (ttm)	22.0%
Institutional Holdings²	~51.5%		Cash & Investments (mrq)	$17.4M
Enterprise Value	$49.7M		Total Assets (mrq)	$61.3M
EV/Revenue (ttm)	0.89x		Total Debt (mrq)	$0.0M
EV/EBITDA (ttm)	4.1x		Total Liabilities (mrq)	$8.2M
Founded	2002
Employees	~115

QUARTERLY RESULTS

REVENUE, NET INCOME & CASH

QUARTERLY FIGURES

						$14.0	$14.6	$14.4
				$12.8
Coronavirus
Pandemic
	$8.3	$9.5	$9.6
$6.9								― $2.9 ― $3.7
― $0.1 ― $0.0	― $0.0 ― $0.0	― $0.6 ― $1.0	― $0.3 ― $0.6	― $1.2	― $2.4	― $1.8 ― $2.6	― $2.6 ― $3.6
09/30/2021	12/31/2021	03/31/2022	06/30/2022	09/30/2022	12/31/2022	03/31/2023	06/30/2023
		Revenue	Net Income (after tax)	EBITDA (3)

• (ttm) = trailing 12 months at Jun 30, 2023	1. Total shares outstanding at Aug 8, 2023
•	(mrq) = most recent quarter at Jun 30, 2023	2.	Institutional holdings per NASDAQ.
•	Data Source: NASDAQ	3.	See reconciliation of non-GAAP measures to GAAP measures at
			ir.profireenergy.com/company-information/presentations

Strategic Pillars for Success

1. Secure & Protect our Legacy Business
2. Diversification of Revenue Streams in Oil & Gas
3. Diversification of Revenue Streams in Other Industries
4. Focus on People & Community

PROFIRE SOLUTIONS HELP OUR CUSTOMERS IMPROVE SAFETY, REDUCE EMISSIONS, AND DECREASE OPERATING COSTS

YOUR JOB IS TO MAKE SURE YOUR MONEY GROWS

WE'RE POSITIONED TO HELP YOU DO EXACTLY THAT

• Q2 2023 Revenue of $14.4M, 52% improvement YoY, 3rd best revenue quarter in company history
• Gross Profit of $7.4M or 51.3% of total revenue
• $17.4M of cash and liquid investments
• $2.8M of diversified revenue in FY 2022, 6% of total revenue, significant increase YoY
• Significant progress in other industries: manufacturing, construction, agriculture, landfill, LNG, mining, RNG, food & beverage, petrochemical, power gen, water & wastewater
• Proprietary technology built to support ESG initiatives
• 420+ years of combined combustion experience

INVEST IN LONG TERM	QUESTIONS?
GROWTH NOW
	CONTACT OUR INVESTOR	DOWNLOAD ADDITIONAL
	RELATIONS TEAM	INVESTOR INFORMATION
	CONTACT IR TEAM	DOWNLOAD DECK

OUR TECHNOLOGY & ITS IMPORTANCE

• The Profire BMS operates like a hightech, highly- specialized oilfield thermostat
• Monitors and manages the temperature of the vessel
• Can be monitored and managed remotely

KEY PRODUCTS

SOLUTIONS

CONTROLLERS

• PF2200
• PF3100

PRE-ASSEMBLED SOLUTIONS

• Fuel Trains
• Stands
• PRO-8
• PRO-QS

BURNERS

• M7
• M5

FLAME ARRESTORS

• Bullseye Flame
• Arrestor Housing

• Field Service & Maintenance
• Engineering
• Custom Packaged Solutions

Please refer to our important cautions regarding forward-looking statements.

They can be found in our investor presentation atir.profireenergy.com/company-information/presentations