Investor fact sheet for Thermal Energy International. Includes an overview, investment highlights, financial results summary and growth opportunities.

1. STOCK OVERVIEW
Listing
TSX-V: TMG
Recent price
$0.11
52-week range
$0.04 - $0.14
Shares outstanding
161,044,616
Market capitalization
$17,714,908
Cash on balance sheet
$2,046,417
Total debt
Nil.
* Trading information as at October 6, 2014; Cash on balance sheet and total debt as at May 31, 2014.
AT A GLANCE
Thermal Energy International is a global provider of proprietary and proven energy efficiency solutions to the industrial and institutional sectors worldwide. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our FLU-ACE® heat recovery and GEM® steam trap systems deliver 10%-30% energy savings, providing a high return on investment combined with a short, compelling payback period.
PRODUCTS
FLU-ACE®
Heat Recovery
GEM®
Steam Trap
INDUSTRY APPLICATIONS
(WITH CURRENT PENETRATION)
HOSPITALS
PHARMACEUTICAL
PULP AND PAPER
PETROCHEMICAL
AND CHEMICAL
AND MANY MORE
INVESTMENT HIGHLIGHTS
XX
Large, fast growing global market with strong fundamentals
XX
Proprietary & proven energy efficiency solutions provide high ROI
XX
Strong track record of growth (six-year revenue CAGR of 17.8%)
XX
Growing global footprint
REGIONAL OFFICE
Bristol, United Kingdom
HEAD OFFICE
Ottawa, Canada
LOCATIONS
>120 different hospitals
11 customers with >40 of 500+ sites penetrated
FOOD AND
BEVERAGE
16 customers with 50 of 1,600+ sites penetrated
11 customers with 18 of 500+ sites penetrated
8 customers with 42 of 350+ sites penetrated
other industry applications include tires, plastics, textiles and many more
TSX-V: TMG
FALL 2014
INVESTOR FACT SHEET
@
WWW.THERMALENERGY.COM
@GOTHERMALENERGY
WILLIAM CROSSLAND
President and CEO - Thermal Energy International Inc.
Tel: 613-723-6776 Email: bill.crossland@thermalenergy.com
TREVOR HEISLER
Investor Relations - Heisler Communications
Tel: 416-500-8061 Email: trevor@heislercommunications.com
Countries where Thermal Energy International has sold product
AFTER

2. RECENT PROJECTS
XX $1,000,000 heat recovery and GEM® project from a major hospital, resulting
in annual fuel and cost savings of 36% and $390,000 respectively.
XX $232,000 GEM® order from one of the world’s leading manufacturers of
specialty chemicals.
XX $160,000 GEM® project from one of the world’s largest beer company,
resulting in annual cost savings of $100,000 and payback period of 19
months.
XX $2.6 million heat recovery and GEM® steam trap project involving nine sites
from a leading Fortune 500 food and beverage company.
XX $281,000 GEM® project from a world-leading, diversified healthcare and
pharmaceutical company, producing annual cost savings of $275,000.
XX $200,000 heat recovery order from a global mining and materials company,
resulting in annual cost savings $350,000.
XX $3.6 million heat recovery project from a major pulp and paper company.
FINANCIAL RESULTS
In thousands
except % data
3 months ended
May. 31, 2014
3 months ended
May. 31, 2013
Revenue $4,717 $1,879
Gross profit $2,738 $746
Gross margin 58.0% 39.7%
Operating expenses $2,071 $1,302
EBITDAS $710 $(424)
Net income (loss) $697 $(2,687)
Operating cash flow $1,008 $(364)
In thousands
except % data
Fiscal year ended
May 31, 2014
Fiscal year ended
May 31, 2013
Revenue $13,151 $8,210
Gross profit $6,974 $4,977
Gross margin 53.0% 60.6%
Operating expenses $6.399 $5,822
EBITDAS $879 $(435)
Net income (loss) $634 $(2,849)
Operating cash flow $1,349 $(1384)
STRONG FUNDAMENTALS
GROWTH OPPORTUNITIES
XX Continue to develop and execute a corporate account sales and
marketing strategy
XX Capitalize on significant cross selling opportunities with existing
customers
XX Continue to grow sales and distribution in key markets of North
America, Europe and the Middle East, which still remain largely
untapped markets
XX Development and acquisition of complimentary energy efficiency
products and businesses
1990 2000 2010 2020 2030 2040
Expected growth in global fossil fuel consumption of 46% from 2010
to 20411
1 U.S. EIA, International Energy Outlook 2013
60% 80%
Amount of all energy used that
is lost due to inefficiency
Amount of lost energy we can
recover in typical boiler plant
and steam operations
TSX-V: TMG
FALL 2014
INVESTOR FACT SHEET
@ WWW.THERMALENERGY.COM
@GOTHERMALENERGY
WILLIAM CROSSLAND
President and CEO - Thermal Energy International Inc.
Tel: 613-723-6776 Email: bill.crossland@thermalenergy.com
TREVOR HEISLER
Investor Relations - Heisler Communications
Tel: 416-500-8061 Email: trevor@heislercommunications.com