Investor Presentation Constructing our Energy Future NASDAQ : PECK - PowerPoint PPT Presentation

Investor Presentation Constructing our Energy Future NASDAQ : PECK

Disclaimer Certain statements contained in this presentation or in other documents of The Peck Company Holdings, Inc. (“Peck”, “Peck Electric”, “The Peck Company” or “Company”), along with certain statements that may be made by management of the Company orally in presenting this material, regarding, among other matters, management’s plans and strategies, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. All forward-looking statements are based on current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K. All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law. The information contained in this document is provided for general information only and does not constitute an offer to sell securities or the solicitation of an offer to buy, or recommendation for investment in, any securities in any jurisdiction. The information in this document is not intended as financial advice and is only intended for professionals with appropriate investment knowledge who can be classified as a ‘Professional Client’ under the rules & regulations of the appropriate financial authority. Moreover, none of the document is intended as a prospectus within the meaning of the applicable laws of any jurisdiction and none of this document is directed to any person in any country in which the distribution of such document is unlawful. None of the information contained herein nor any further information made available in relation to will form the basis of any contract. The information and opinions in the document constitute a judgment as at the date indicated and are subject to change without notice. The information may therefore not be accurate or current. This document does not purport to be comprehensive or to contain all the information that a prospective investor may need. The recipients of this document must make their own assessment of any investment, carry out their own independent due diligence and must not rely on anything contained herein to make any investment decision. The information and opinions contained in this report have been compiled or arrived at from sources believed to be reliable in good faith, but no representation or warranty, express, or implied, is made by The Peck Company Holdings, Inc. or any party to the transaction, as to their accuracy, completeness or correctness. Company also does not warrant that the information is up to date. Moreover, recipients of this document should be aware of the fact that investments in undertakings, loans, securities or other financial instruments involve risks. Past results do not guarantee future performance. Company accepts no liability for any loss arising from the use of material presented in this document. January 2020 Investor Presentation 1

NASDAQ : PECK The Peck Company Holdings, Inc. A 47-year Engineering, Procurement & Construction “EPC” Company with Significant Growth Opportunities in the Solar Market Capitalizing on the Clean Energy Transformation by Constructing the Energy Resources for our Future January 2020 Investor Presentation 2

Investment Highlights • REGIONAL INDUSTRY LEADER WITH ACCOMPLISHED MANAGEMENT • Largest commercial solar contractor in the Northeast (headquartered in Vermont) and one of the largest in the USA providing residential to commercial to utility construction arrays and installation services. • Accomplished management team lead by Jeffrey Peck and Kip Myrick whom are responsible for cultivating relationships in the industry for over 25 years. • Existing pipeline at end of 2019 approximately $50 million • HIGHLY FRAGMENTED INDUSTRY: Acquisitions to Complement Organic Growth • Nine out of the top 10 states for solar array installations in the US are in the Northeast, based on return metrics to the solar array owner • According to Allied Market Research, the global solar energy market was valued at $52.5 billion in 2018 and projected to reach $223 billion by 2026, representing CAGR of 20.5% from 2019 to 2026. • 11 GW of solar PV will be constructed in the Northeast over the next 5 years to meet States’ requirements • FAVORABLE BUSINESS AND FINANCIAL OUTLOOK • • Peck generated revenue of $18M in 2018 and forecast significant revenue grow through 2020. • • Accretive acquisition to be a factor going forward • • Increasing requirements for clean, renewable energy is driving the demand for solar arrays $ • • Green bond oversubscription indicates a surplus of capital and a lack of constructed projects • • The Peck Company is an unrecognized investment opportunity January 2020 Investor Presentation 3

Company Profile Company History Current Status • Ranked one of the largest solar contractors in the Northeast and • Peck Electric Co. is a second-generation family business one of the largest in the US by Solar Power World 2018 1 founded in 1972 in South Burlington, Vermont • Peck has approximately 100 employees and provides • Current CEO and 2nd-generation owner is Jeffrey Peck, who engineering, procurement, and contracting (EPC) services joined the business in 1994. The VP of Solar is Frederick “Kip” for the construction of solar arrays as well as data and Myrick, who has been with the business for over 30 years electrical services • Installed over 125-MW of solar systems since its • Established as a traditional electrical contractor, Peck Electric inception…representing over 1/3 of Vermont’s cumulative branched into data / communications before expanding further to installed solar offer solar energy industry services in 2008 • C&I focus with utility and residential when opportunistic • Beginning in 2013, Jeffrey Peck and Kip Myrick made the • Constructed and currently owns approximately three megawatts strategic decision to focus the business on solar EPC, only after of operating solar array assets that provides Peck with recurring the solar installation business model became profitable revenue offsets taxes e e s s t t . . 1 1 9 9 7 7 2 2 January 2020 Investor Presentation 4

Peck Constructs Energy Assets Energy Assets Energy Off-Takers Asset Development EPC Role by Peck – Core Focus Utility • Designs and engineers the site and the array/system for the client • Procures material including solar panels, inverters, batteries, racking Municipality and equipment • Provides skilled labor and project Photovoltaic (PV) Solar Array management for construction, Community mechanical, and electrical trades • Operation & Maintenance Corporate Developer Role (by Peck or others) • Permitting, community approval, PV Solar + Storage Power Purchase Agreement negotiation with off-taker, Notice to Residential Proceed, Commercial Operation Date E V Financing Role (by Peck or others) EV owner • Owner financed Electric Vehicle Charging • Equity investor (solar or non-solar) • Debt financed January 2020 Investor Presentation 5

At the Center of Opportunity Fee for Service EPC Opportunities Solar Investment Opportunities Invest in greenfield Design and engineer development with highest solar array projects for Engineer Develop risk and return profile customers The Manage material and Purchase pre-developed Peck equipment purchases on projects at lower risk and Procure Construct construct to completion behalf of customers Company Purchase fully-operational Project manage and Own/ assets with lowest risk construct solar arrays for Construct Operate and return profile customers January 2020 Investor Presentation 6