Low Carbon Energy Solutions Investor Update
Forward-Looking Statements and Information
This presentation contains information or statements that are or may be "forward-looking statements" within the meaning of applicable Canadian securities laws. When used in this presentation, the words "may", "will",
"should", "expect", "plan", "anticipate", "believe", "estimate", “predict”, “forecast”, “project”, “intend”, “target”, “potential”, “continue” or the negative of these terms or terminology of a similar nature as they relate to
Superior or an affiliate/subsidiary of Superior are intended to identify forward-looking statements. Forward-looking statements in this presentation include, without limitation, information and statements relating to:
Superior continuing to have ample available liquidities; anticipated future leverage; expected synergies; the attractiveness of the Certarus Acquisition from a financial perspective and expected accretion in various
financial metrics; the strength, complementarity and compatibility of the Certarus business with Superior's existing Energy Distribution business; continued growth in CNG, RNG and hydrogen demand; other anticipated
benefits of the Certarus Acquisition and their impact on Superior's delivery of its 2026 Superior Way Forward targets ahead of schedule; Superior's and Certarus' estimated 2023 and 2024 Adjusted EBITDA and Pro
Forma Adjusted EBITDA guidance; Superior's long-term vision, future growth, results of operations, performance, business, prospects and opportunities; Superior's business outlook, objectives, development, plans,
growth strategies and other strategic priorities; Superior's ability to maintain its dividend level at the current annualized rate of $0.72 per Common Share and anticipated timing for the beginning of quarterly dividends;
and statements relating to the Superior's future growth, results of operations, and opportunities, the expected run-rate synergies to be realized and certain expected financial ratios and other statements that are not
historical facts. Although Superior believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements since no assurance can be given that they will prove to be correct.
Forward-looking statements made by Superior are based on a number of assumptions believed by Superior to be reasonable as at the date of this presentation, including assumptions about Superior's ability to achieve
synergies; Superior's ability to attract and retain key employees in connection with the Acquisition; management's estimates and expectations in relation to future economic and business conditions and other factors in
relation to the Acquisition and resulting impact on growth and accretion in various financial metrics; the realization of the expected strategic, financial and other benefits of the Acquisition in the timeframe anticipated;
the accuracy and completeness of public and other disclosure (including financial disclosure) by Certarus; the absence of significant undisclosed costs or liabilities associated with the Acquisition; and other factors
discussed or referred to in the "Risk Factors" section of Superior's MD&As, which are available under Superior's profile on SEDAR at www.sedar.com.
Superior cautions that the assumptions used to prepare Certarus' estimated 2023 Adjusted EBITDA, Superior's estimated pro forma Adjusted EBITDA and EBITDA from operations, Superior's estimated 2024 Adjusted
EBITDA, Certarus' estimated 2024 Adjusted EBITDA and Superior's estimated 2024 EBITDA from operations could prove to be incorrect or inaccurate. Superior considered numerous economic and market
assumptions regarding the foreign exchange rate, competition, and economic performance of each region where Superior and Certarus operate.
Should assumptions described above prove incorrect, Superior's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such
forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives,
expectations and anticipations, estimates and intentions expressed in such forward-looking information.
Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that
predictions, forecasts, projections and other forward-looking information will not be achieved, including risks relating to satisfaction of the conditions to, and completion of, the Acquisition risks relating to the operating
and financial performance of the Energy Distribution business which are described in Superior's management's discussion and analysis for the year ended December 31, 2022 and in Superior's annual information form
for the fiscal year ended December 31, 2022.
Superior Plus
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