Power Survey Employee Meeting

Transcription

1 Power Survey Employee Meeting New partners for new opportunities Investor Employee Kickoff Meeting January 14, 2016

2 Goals is to answer your key questions by the end of the meeting What s happening? Who are the investors? How does this affect me in the short-term? Why Power Survey? What is the vision? What is the timetable? What else should I know? What are the next steps? Meeting Agenda

3 Scott Ungerer Founder of EnerTech Capital 21+ years energy technology investing experience 16 years as senior executive and President of Atlantic Energy s deregulated business Strong operational experience and expertise in electricity markets and technology Dedicated to helping executive teams achieve full potential BS Mechanical Engineering, Princeton University

4 EnerTech Capital Founded in 1996 Over $500 million under management Philadelphia Montreal Toronto Calgary Menlo Park Focus: Energy Technology Investments made to date: 69 Investment Philosophy From the Well Head to the Wall Socket

5 André Petitclerc, cpa, ca Senior Director, Small-Cap and ITC investments More than 30 years of experience in financial management in ITC Operational experience with Bell Canada, BCE Emergis and IST Sits on the board of AQT, Academos, CDRIN, Notarius and Hibernum

6 Investissement Québec Investment arm of Québec Government 3.7 B$ Fund Mission : Profitable, economic, development investments Over 400 employees 17 offices in Québec Anjou, Brossard, Chandler, Drummondville, Gatineau, Laval, Montréal, Québec, Rimouski, Rouyn-Noranda, Saint-Laurent, Saint-Georges, Saguenay, Sept-Îles, Sherbrooke, Trois-Rivières 12 office around the world Amérique du Nord (Atlanta, Chicago, Los Angeles, New York), Europe (Londres, Munich, Paris, Stockholm), Asie (Beijing, Tokyo, Mumbai, Séoul)

7 Power Survey ownership is transferring to energy industry investors Attracted by company performance, quality and reputation Committed to supporting current operations Vision is to grow existing business and develop/acquire new offerings Investor Group POWER SURVEY OWNERSHIP Investors purchase an equity stake in the company Balance transfers to investors over three years Year 1 Year 2 Year 3 What s happening?

8 Retaining and supporting PS employees is a priority growth strategy Support current team with new tools and resources Use of Funds $Millions Business Systems Technology Growth Immediate growth capital infusion Customer Service Sales Sourcing Streamline product delivery Enhance existing technologies New Product Development Geographic expansion New Acquisitions New Offerings How does this affect me in the short-term?

9 Investors sought a solid company with platform potential PS met or exceeded all investment criteria Products Performance People Platform Potential.their equipment is like art, every detail, every wire PS delivers the best quality in the world Steady revenue Strong EBITDA Great distribution partner network Differentiation vs. competitors Management continuity Experienced team Low turnover Loyal customers Grid edge focus Platform technology Escalating need Increasing economics Loyal customers customer comments Why Power Survey?

10 PS is well positioned to capitalize on emerging energy grid edge trends Distributed Energy Resources make the energy grid noisier 33% DER may reach 33% of installed U.S. Capacity by 2020 Why Power Survey?

11 Power Survey will provide a platform between utilities and the grid edge What is the vision?

12 Power Survey will provide a platform between utilities and the grid edge What is the vision?

13 Power Survey will provide a platform between utilities and the grid edge What is the vision?

14 Power Survey will provide a platform between utilities and the grid edge What is the vision?

15 Power Survey will provide a platform between utilities and the grid edge What is the vision?

16 A team oriented approach is a priority for all stakeholders Inform Learn Transition Grow Sales Grow Company Monetization Immediately 1H H Future Press Release January, 15 System enhancements over next few weeks Interim management team support 1st Acquisition Information exchange Opportunity / Challenge identification Channel partner and stakeholder meetings Executive search New executive team More employees New offerings New markets Expanded Expand distribution network Acquire grid edge platform companies Expand offerings Follow-on investment Complete ownership transition Organic & M&A growth Acquisition / IPO What is the timetable?

17 Every employ will share in the success! Power Survey Equity Value Employee Option Plan All employees awarded shares A first for EnerTech In it together Expect a significant increase by *FOR ILLUSTRATIVE PURPOSES ONLY What else should I know?

18 Next steps are to keep lines of communication open We want to hear your ideas We want to hear from your channel partners, distributor networks and customers Our plan is to hold more meetings to keep everyone informed as plans develop