Investor Presentation
Spruce is a leading third-party owner (TPO) and
operator of residential rooftop solar systems in the U.S.
Power as a Service
Model
72K+ Customers Across
18 States()
Long-term Customer
Relationships
13 Year Wtd Avg.
Contract Life (1)
Industry Leading
Financials
55-65% Run-rate Adj.
EBITDA Margins
Best in Class Service
Provider
Over $1.0 billion in
residential energy assets
serviced by Spruce
(1)
As of 12/31/22, pro forma the acquisition of the Spruce Power 4 Portfolio announced on March 23, 2023.
(2) See Appendix for definition of Net Portfolio Value.
Residential Power
Markets Leader
Strong track record of
acquiring rooftop solar
systems and clean
power credits
O
Creating Long-Term
Value
>$280mm of Net
Portfolio Value (1)(2)
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