Enwave Corporation · TSXV:ENW
Enwave — Investor Presentation (October 2026)
33 slides from Enwave's investor presentation, October 2026
Slide 1: Innovative Technology. Scalable Business. Diversified Royalties.
Innovative Technology. Scalable Business. Diversified Royalties. Corporate Presentation October 2026 TSX-V:ENW
Slide 2: Disclaimer
Disclaimer TSX-V: ENW | www.enwave.net This presentation contains forward-looking information based on management’s expectations, estimates and projections about the future, including statements about EnWave’s strategy for growth, product development, market position, expected expenditures and opera
Slide 3: Corporate Profile and Capital Structure
Corporate Profile TSX-V: ENW | www.enwave.net EnWave is the global leader in the innovation and Capital Structure (October 8, 2026) application of vacuum microwave dehydration, also Ticker Symbol ENW known as REV , a superior, consistent, scalable, and Last Price $0.225 proven way to dry organic mat
Slide 4: EnWave and our Patented REV Technology
EnWave and our Patented REV Technology TSX-V: ENW | www.enwave.net REV stands for “Radiant Radiant Energy Vacuum Energy Vacuum” • Fast and uniform volumetric • Lower boiling point for fast, low- It’s our own patented process of heating temp processing vacuum microwave drying that • Precise temperatu
Slide 5: 9+ Ways REV Technology Wins
9+ Ways REV Technology Wins TSX-V: ENW | www.enwave.net Dry better, faster. Opportunity for Higher Quality More Control and Reduced Footprint Fast, Gentle Drying Innovation Products Consistency Never-before-seen Better nutrition, taste, Precise, volumetric, Up to 30% less About 5x faster than produc
Slide 6: A Large and Growing Market Supported by Positive Trends
A Large and Growing Market Supported by Positive Trends TSX-V: ENW | www.enwave.net TAM for Machine Sales $2B+ for $76B+ Global Addressable Premium, Dried Food Production Dried Food Market REV targets the highest-value REV enables the production of premium, segment of food dehydration, shelf-stable
Slide 7: A Large and Growing Market Supported by Positive Trends
A Large and Growing Market Supported by Positive Trends TSX-V: ENW | www.enwave.net Premiumization & Clean Rapid Growth in Shelf-Stable, Label Nutrition Convenient Foods • Consumers increasingly want • Demand continues to expand for portable, nutrient-dense, minimally lightweight, shelf-stable foods
Slide 8: A Large and Growing Market Supported by Positive Trends
A Large and Growing Market Supported by Positive Trends TSX-V: ENW | www.enwave.net Manufacturers Need Faster, More Efficient Processing • Food drying is energy intensive, creating increasing pressure on processors to improve throughput, energy efficiency, automation and overall production DRYING RE
Slide 9: Our Goals
Our Goals TSX-V: ENW | www.enwave.net Create Highly Diversified Global Maintain Healthy Margins Via Royalty Portfolio REVTM Sales & Royalties Propagate REVTM technology to create a Manufacture and sell REVTM machines at a highly diversified portfolio of royalties from healthy margin, paired with lon
Slide 10: Transformative Technology, Unique Business Model
Transformative Technology, Unique Business Model TSX-V: ENW | www.enwave.net Sales & Rentals REV Royalties Made up 82% of EnWave’s total Source of perpetual cash royalties revenue in FY25. Includes both for the life of the commercial license new and repeat purchase orders. agreement. 14% increase to
Slide 11: Growing Stream of Recurring Revenue from REV Royalties
Growing Stream of Recurring Revenue from REVTM Royalties TSX-V: ENW | www.enwave.net Key Royalty Growth Drivers • Sales of new REV machines • Commissioning of previously signed equipment purchase agreements • Increased customer utilization of installed REV machines $2.5M Base Royalty CAGR: 25.5% $2.
Slide 12: Steadily Growing Base of Deployed REV Machines
Steadily Growing Base of Deployed REVTM Machines TSX-V: ENW | www.enwave.net • Installed kW capacity is a key driver of royalty generation in addition to machine utilization 3,000 Installed Base CAGR: 12.0% 2,686 2,549 2,500 2,371 2,083 1,993 2,000 1,523 1,500 1,000 500 0 FY2020 FY2021 FY2022 FY2023
Slide 13: Expansive & Scalable Business Model
Expansive & Scalable Business Model TSX-V: ENW | www.enwave.net Generates Creating REV Machine Sales Capacity Incremental Royalty Revenues Robust EBITDA Potential Natural Scalability Recurring & Stable Margin Growth Compact production footprint Smoothens quarter-over-quarter revenue Driven by high-m
Slide 14: Where REV Fits in The Global Market
Where REV Fits in The Global Market TSX-V: ENW | www.enwave.net Core Markets Adjacent Markets • Nutritious powders Fruits & Veg • Crunchy or chewy snacks • Preserves taste, 20 • Superior taste and color Smoked smell, appearance and flower Dairy • Shelf-stable, snackable • Retains up to 90% cheese an
Slide 15: Our Global Platform: 50+ Blue-Chip Partners Across 24 Countries
Our Global Platform: 50+ Blue-Chip Partners Across 24 Countries TSX-V: ENW | www.enwave.net 15
Slide 16: Our Partners
Our Partners Spanning 24 countries and five continents, EnWave’s licensed partners create profitable snacks and ingredients with the company’s patented technology. 16
Slide 17: Real Fruit
Real Fruit TSX-V: ENW | www.enwave.net These real-fruit snacks provide a Pineapple Banana Apple crunchy, convenient alternative to traditional snacks, emphasizing natural ingredients, minimal processing, clean-label nutrition, and an enjoyable texture. Learn more: dolesunshine.com Learn more: https:
Slide 18: Clean-Label Fruit & Vegetables
Clean-Label Fruit & Vegetables TSX-V: ENW | www.enwave.net These better-for-you snacks focus on Brussel Sprouts Beet Chip Mango Stick clean ingredients, natural nutrition, and authentic flavor that meet growing consumer demand for healthier snack options. Learn more: branchoutfood.com Learn more: pa
Slide 19: Smart Snacking, Naturally
Smart Snacking, Naturally TSX-V: ENW | www.enwave.net Real fruits and vegetables Peach Strawberry Formulated reimagined through innovative food technologies to create convenient, nutrient-rich snacks. Learn more: ortoalsole.com Learn more: solvefoods.com & popsfoods.com.br Learn more: loovies.co 19
Slide 20: Premium Ingredients
Premium Ingredients TSX-V: ENW | www.enwave.net MicroDried is a B2B ingredient solutions provider serving food, beverage, nutraceutical, and petfood manufacturers and Vegetables leverages its REV processing technology as part of its brand story. For B2B customers, REV technology becomes proof of per
Slide 21: Naturally Derived Ingredients
Naturally Derived Ingredients TSX-V: ENW | www.enwave.net High-quality ingredients and snacks Pepper Blueberry Goldenberry made from carefully sourced produce, delivering clean-label appeal, functionality, and consistent performance. Learn more: procescir.com Learn more: https://www.alarkogida.com.t
Slide 22: High-Protein Cheese Snacks
High-Protein Cheese Snacks TSX-V: ENW | www.enwave.net Made from real cheese, these Cheddar Gouda Pepperjack nutrient-dense snacks deliver protein, flavor, and crunch in a simple, convenient format. Learn more: https://mooncheese.com/ Learn more: umlandscrunchycheese.com Learn more: https://www.gayl
Slide 23: Quality Foods, Made Simple
Quality Foods, Made Simple TSX-V: ENW | www.enwave.net Shelf-stable foods crafted from Pepperoni Wasabi Chicken Powder quality ingredients, combining authenticity, consistency, and convenience. Designed to deliver trusted performance across a range of culinary, nutritional, and specialty application
Slide 24: Elevated Everyday Snacking
Elevated Everyday Snacking TSX-V: ENW | www.enwave.net Egg White Chip Cheese Snack Premium dairy-based products that combine quality ingredients, trusted craftsmanship, and nutritional value. Learn more: https://www.patatasfritastorres.com/ Learn more: https://www.dairyconcepts.ie 24
Slide 25: Dairy-Powered Nutrition
Dairy-Powered Nutrition TSX-V: ENW | www.enwave.net Havarti Provolone Premium dairy-based products that combine quality ingredients, trusted craftsmanship, and nutritional value. Learn more: https://www.ashgrovecheese.com.au/ Learn more: https://alpina.com/ 25
Slide 26: REV Machines
REVTM Machines TSX-V: ENW | www.enwave.net 10kW REV System 60kW REV System 120kW REV System Freq: 2450 mHz Freq: 2450 mHz Freq: 2450 mHz Vacuum: 22-280 Torr Vacuum: 22-280 Torr Vacuum: 22-280 Torr Size: 6.56 x 5.25 x 8.50 ft Size: 40 x 11 x 11.8 ft Size: 52.5 x 10 x 11.5 ft (2.0 x 1.6 x 2.6 m) (12.2
Slide 27: Your Partner in Food
Fresh Your thinking. Partner in Fast drying. Food Fantastic Processing. results. 27 26
Slide 28: Why Do Customers Choose EnWave?
Why Do Customers Choose EnWave? TSX-V: ENW | www.enwave.net EnWave is the global leader in the innovation and application of vacuum microwave dehydration, and the creator of REV technology. Since 2009, it has been our mission to partner with food and cannabis companies who are looking for a reliable
Slide 29: 3 Step Sales Process
3 Step Sales Process TSX-V: ENW | www.enwave.net Collaborative R&D License & Rollout Royalties & Support Prospects visit our facility and REV machines (usually Active REV units begin work with our team of experts larger scale units) are sold generating royalties while we to explore the possibilities
Slide 30: Investment Highlights
Investment Highlights TSX-V: ENW | www.enwave.net Innovative Competitive Highly Attractive Strong & Aligned Technology Advantages Business Model Leadership Team Solution to a Problem, First-Mover, 18 Patents, Scalable, recurring, Experienced and Superior Outcomes, Blue-Chip References asset-light, a
Slide 31: Management
Management TSX-V: ENW | www.enwave.net Brent Charleton, President & CEO • Accomplished leader with expertise in finance, business development, and capital Mehmet Sucu, Chief Engineer markets • A registered Professional Engineer with EGBC who has been with EnWave since 2011 • Demonstrated ability to
Slide 32: Board of Directors
Board of Directors TSX-V: ENW | www.enwave.net John P.A. Budreski, Executive Chairman • 30+ years of extensive capital markets • Executive experience including roles at Brent Charleton, President & CEO Scotia Capital, Cormark Securities and • Accomplished leader with expertise in multiple advisory a
Slide 33: EnWave Corporation
EnWave Corporation 1668 Derwent Way Delta, BC V3M 6R9 Canada Brent Charleton CEO bcharleton@enwave.net Nav Dhami CFO ndhami@enwave.net