Crius Energy Trust


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Fourth Quarter 2016

Strong operating performance highlighted by 15% growth in Adjusted EBITDA and 20% growth in customers in 2016

Q4 2016 Highlights

  • Achieved net customer growth of 20,000 customers in the fourth quarter, representing 2% quarter-over-quarter growth, with total customers reaching 982,000
  • Adjusted EBITDA and Distributable Cash were $13.6 million and $9.2 million respectively, resulting in a payout ratio of 62.0%
  • 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
  • Expanded operational capabilities in the residential rooftop solar business through two strategic acquisitions in 2016

“Our strong 2016 results reflect the performance and strength of our deregulated energy business, highlighted by 15% growth in Adjusted EBITDA and 20% growth in customers over 2015. Management is pleased that the transformative changes made in 2016 have positioned the company to increase unitholder value by leveraging significant opportunities in both the deregulated energy and solar industries, as these businesses are highly complementary and when combined are expected to create opportunities and unitholder value in excess of what either a pure-play energy retailer or solar company could achieve alone."

Michael Fallquist,

CEO of Crius Energy Trust

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