We investigate expansions of Presburger arithmetic, i.e., the theory of the integers with addition and order, with additional structure related to exponentiation: either a function that takes a number to the power of $2$, or a predicate for the powers of $2$. The latter theory, denoted $\mathrm{PresPower}$, was introduced by B\"uchi as a first attempt at characterising the sets of tuples of numbers that can be expressed using finite automata; B\"uchi's method does not give an elementary upper bound, and the complexity of this theory has been open. The former theory, denoted as $\mathrm{PresExp}$, was shown decidable by Semenov; while the decision procedure for this theory differs radically from the automata-based method proposed by B\"uchi, the method is also non-elementary. And in fact, the theory with the power function has a non-elementary lower bound. In this paper, we show that while Semenov's and B\"uchi's approaches yield non-elementary blow-ups for $\mathrm{PresPower}$, the theory is in fact decidable in triply exponential time, similar to the best known quantifier-elimination algorithm for Presburger arithmetic. We also provide a $\mathrm{NExpTime}$ upper bound for the existential fragment of $\mathrm{PresExp}$, a step towards a finer-grained analysis of its complexity. Both these results are established by analysing a single parameterized satisfiability algorithm for $\mathrm{PresExp}$, which can be specialized to either the setting of $\mathrm{PresPower}$ or the existential theory of $\mathrm{PresExp}$. Besides the new upper bounds for the existential theory of $\mathrm{PresExp}$ and $\mathrm{PresPower}$, we believe our algorithm provides new intuition for the decidability of these theories, and for the features that lead to non-elementary blow-ups.
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