Crius Energy Trust


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Third Quarter 2016

Strong operating performance highlighted by consecutive growth in Adjusted EBITDA and 2% growth in customers in Q3 2016

Q3 2016 Highlights

  • Achieved net customer growth of 20,000 customers in the third quarter, representing 2% quarter-over-quarter growth, with total customers reaching 962,000
  • Adjusted EBITDA and Distributable Cash were $20.6 million and $10.6 million respectively, resulting in a payout ratio of 52.8%
  • Announced a 2% distribution increase during the quarter reflecting the confidence that both Management and the Board have in the long-term outlook for the Company
  • Solar business expansion through solar asset acquisitions from two U.S. solar companies that will expand Crius’ solar capabilities to include sales, installation and financing

“Our third quarter results highlighted the fundamental strength of our business as we generated record earnings and continued to grow our customer portfolio. I’m very optimistic about the future of Crius Energy as we integrate our recently announced solar acquisitions to create a truly unique company which will have end-to-end capabilities in both the retail energy and solar industries. We see this combination as a significant competitive advantage which we expect will position us to grow operating cash flows and distributions in the coming years.”

Michael Fallquist,

CEO of Crius Energy Trust

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