Enerflex : Second Quarter 2022 Investor Presentation

INVESTOR

PRESENTATION

August 2022

CORPORATE OVERVIEW

Successfully delivering innovative energy solutions across the globe for over 40 years

Corporate Overview

Common Shares Outstanding1			89.7 million
Revenue2				$1.2 billion
Operating Countries			17
Service Locations		53
Manufacturing Facilities			3
Contract Compression Fleet			~827,000 HP
Quarterly Dividend			$0.025/share
Revenue by Product Line2	Revenue by Business Segment2
Energy				Rest of
Infrastructure
			World
23%
Engineered	31%
	Systems	USA
	47%	50%

Service	Canada
30%
19%

Q2 2022 Overview3

Taking advantage of improving market fundamentals, Enerflex recorded

$313 million4 in bookings and grew its backlog

to $737 million1 4 - the Company's largest backlog in three years

Increased activity drove Enerflex's gross margin up to $64 million

or 17.1% and adjusted EBITDA to $45 million4

Enerflex maintained its strong financial position with long-term debt of $346 million1, net debt of $199 million1, and a bank-adjusted net debt to EBITDA ratio of 1.36x4, excluding non-recourse debt

1. As at June 30, 2022.
2. For the trailing 12 months ended June 30, 2022.

3.	For the three months ended June 30, 2022.	2
4.	Non-IFRS measure that is not a standardized financial measure under IFRS and may not be comparable to similar non-IFRS measures disclosed by other issuers.

SIGNIFICANT GLOBAL FOOTPRINT

Enerflex is strategically located where the resource is

Manufacturing Facility

Operating Location

Owned, Operated & Maintained

Natural Gas Infrastructure

0 Bcf/day

90 Bcf/day

Source: BP Statistical Review of World Energy (2020). Total 2019 global natural production was 385 Bcf/day.

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PURSUING ENERGY'S FULL POTENTIAL

Strategically investing in energy solutions to transform energy for a sustainable future

Technical Excellence	Profitable Growth
through Geographic
in Modular Energy
and Product Line
Solutions
Diversity

Transforming

Energy for a

Sustainable Future

Financial Strength	Sustainable Returns
and Discipline	to Shareholders

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MARKET LEADER IN NATURAL GAS SOLUTIONS

Enerflex offers its customers a differentiated and vertically integrated suite of product offerings

Energy

Infrastructure

Contracted rental and leasing alternatives, including contract operations services, for:

• Natural gas compression
• Natural gas processing
• Electric power generation

Service

Technical services

Parts distribution

Operations and maintenance solutions

Equipment optimization

Manufacturer warranties

Exchange components

Engineered

Systems

Natural gas compression and

processing

Refrigeration solutions

Cryogenic facilities

Electric power generation

CO2 and energy transition facilities

Integrated turnkey facilities

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