Q2 2023 Financial Overview & Strategic Plan

MASSIVE HSB PENETRATION OPPORTUNITY Widespread growth potential · Total US penetration rate estimated at -5.75% as of 2022 Highest penetrated markets in the U.S. are at 15-20%+ and still growing Three powerful mega-trends underpin future growth: Severe & volatile weather becoming more prominent - four major outage events since 2020 • Home-as-a-Sanctuary persists with remote/hybrid work trends intact and aging in place Grid supply/demand imbalances resulting from accelerated decarbonization/electrification trends BRITISH ALBERTA COLUMBIA SASKATCHEWAN WASHINGTON OREGON IDAHO CALIFORNIA Los Angeles San Diego NEVADA UTAH BAJA Penetration % by State 19.3% to 22.0% 16.5% to 19.2% 13.8% to 16.4% 11.0% to 13.7% 8.3% to 10.9% 5.5% to 8.2% 2.8% to 5.4% 0.0% to 2.7% GENERAC ONTARIO MANITOBA MONTANA NORTH DAKOTA MINNESOTA SOUTH DAKOTA WISCONSIN Lake Superior Montreal Ottawa VT. N.H. Lake Huron Toronto MASS. NEW YORK CONN. MICHIGAN WYOMING Lake Michigan IO WA NEBRASKA Chicago ARIZONA Phoenix NEW MEXICO UNITE ME. Lake Ene PENNSYLVANIA New York Philadelphia QHIQ INDIANA ILLINOIS W. VA. ES VIRGINIA COLORADO KANSAS MISSOURI TEXAS CHIHUAHUA SONORA Gulf of California SINALOA MEXICO NUEVO LEON KENTUCKY TENNESSEE OKLAHOMA ARKANSAS Dallas LOUISIANA Houston San Antonio MISSISSIPPI NORTH CAROLINA GEORGIA ALABAMA Gulf of S. C. FLORIDA Washington MD. Nassau 費 NEW BRUNSWICK Three largest markets (CA, TX, & FL) combined represent ~25% of addressable HHs, and are significantly underpenetrated at ~3.5% 12

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