Fuel Tech, Inc. · NASDAQ:FTEK
Fuel Tech — Investor Presentation (December 2024)
23 slides from Fuel Tech's investor presentation, Dec 4, 2024
Slide 1: Technologies for Clean Air & Pure Water
Technologies for Clean Air & Pure Water Investor Presentation November 2024
Slide 2: Safe Harbor
Safe Harbor ‘This presentation contains “Yorwarcl-ooking statements’ as defined in Section 21€ ofthe Seourties Exchange Ac of 1894, es emended, which are made pursuant the safe haroor provisions of the Private Secures Litigation Reform Act of 1996 and reffect Fuel Tech's current expectations regardi
Slide 3: Fuel Tech: At a Glance
Fuel Tech: At a Glance 30+ YEAR HISTORY OF STRONG OPERATING THREE DISTINCT OPERATING PLATFORMS SERVICE & ACCOUNTABILITY & FINANCIAL PROFILE 2020 - 2023, plese FUEL CHEM®/ J BE ovaee esta es DGI° Dissolved Gas infusion Emissions control solutions installed in 27 countries | || storie inte U8. & Europ
Slide 4: Investment Thesis
Investment Thesis Established provider of solutions for emissions control and water treatment in industrial and utility applications. eC Global leader in nitrogen oxide (NO, reduction technologies; also address SO,, ABS, PM2.5, and CO. Capturing APC and FUEL CHEM ® growth opportunities; dynamic regu
Slide 5: Revenue and financial metrics by segment
(Sin Ms) s25g S27 S99 (sina) siza $28 lJ i FY 2022 FY 2023 YTD 2024 ’ S11 (Sin Me) $334 $327 ei FY 2072 FY 2023 9730/2024 FY 2022 FY 2023 YTD 2024 BU! ae. iad FY 2022 FY 2025 si8072024
Slide 6: Emissions Control: Diverse, Customizable, & Low Cap-ex Solutions
Emissions Control: Diverse, Customizable, & Low Cap-ex Solutions TEP Targeted InFumace jection”: c eed to target slag mitigation, and fuel exby 3 selection, ime al E preciptator for PM control perform HERT™: High Enorgy Reagent Technology Static Miner: Equpmont vedo mi iz bb NO,OUT®: SNCR using high
Slide 7: Custom Process Modeling Used to Support Customer Applications
(2) Custom Process Modeling Used to Support Customer Applications Proprietary Software with Strong IP Protection * Patented Technology + Provides an intuitive interaction between the Models and Design Engineers Computational Fluid Dynamics (CFD) Model * Customized for each boiler + 800+ models creat
Slide 8: Reduces NOx emissions and other pollutants
Reduces NO, emissions and other pollutants from stationary combustion sources. [20 Improves the efficiency, reliability and environmental iS] status of power plants. Enhance process applications or mitigate environmental issues within the municipal and industrial water sectors.
Slide 9: Air Pollution Control (APC) Segment
Air Pollution Control (APC) Segment Capital project / fixed price sale with turn-key capabilities + Typical customers: fossil fuel-fired utiles and industrial boilers [30% -95% em jons reduction across APC (NOx, SOs, and PMs ) solutions portfolio} Pursuing $50 - $75MM long-term project pipeline + Re
Slide 10: NOx
NOx .80%t Reduction in NO, 30% - 50% reduction in NO, 95% reduction in NO, Injection of $0, and ‘ammania int five 810 improve ‘operation of Electrostatic Preciptators (ESPs) Reduces fy ash resiativty and improves ESP capture of {ine paticulate for ‘reduced opaciy and Technology proven onover 00 ESPs
Slide 11: I-NOx: Integrated NOx Reduction System
I-NO,®: Integrated NO, Reduction System plied as both a retrofit existing units or new generating units. ny Combined Fuel Tech has installed technologies, capable ‘systoms or sub-systems of NO, reduction >95% 0n 800+ units worldwide High performance 20,000+ MWs of AIG low cap-ox tuning experience ww
Slide 12: Natural Gas & Renewables Continue to Grow as Coal Declines
) Natural Gas & Renewables Continue to Grow as Coal Declines Fuel Tech Revenue by Fuel Source Generation of U.S. Electricity by Source (KWh in billions) ss02 @ 4 Coal NaturalGas_ Other *
Slide 13: FUEL CHEM Chemical Technologies
FUEL CHEM®/ Chemical Technologies + Reduces slag and a variety of pollutants and greenhouse gases REVENUES + Mercury / SO, & Acid Plume Issues / Ammonium Bisulfate (ABS) / CO and CO, rel hed + Allows customers to burn lower grade coal (fuel flexibility) $135 + Used with coal, oil, biomass, and MSW +
Slide 14: Delivering Improved ROI
Delivering Improved ROI Availability / Reliability Efficiency Gains / Heat eae Maintenance Benefits / Labor Gains Rate Improvements uw & Equipment Savings. REDUCE INCREASE INCREASE INCREASE + Service interruption or + MW per unit of fuel input + Profs, by allowing plants to * Eauioment fe degradatio
Slide 15: Fuel types: coal, oil, biomass and waste
Coal/Oil | Yard Waste | Demo Waste Logging & Mill Residue | Wood Chips ‘Switch Grass | Forest Residue
Slide 16: TIFI Targeted In-Furnace Injection Programs Mitigate SO3
TIFI® Targeted In-Furnace Injection™ Programs Mitigate SO, PUNTA PRIETA / LA PAZ, MEXICO LONG-TERM OPPORTUNITY CFE asin Federal de Eecrces* + Pursuing opportunities with partner in Mexico to burn high-sulfur fuel oil produced by Pemex + At present, this oil is largely being bumed without pollution c
Slide 17: Dissolved Gas Infusion
gy Dissolved Gas Infusion Efficient oxygen delivery for water & wastewater treatment processes across industries + Effective, flexible, and environmentally-friendly + Patented infusion vessel and patent-pending injector array to ensure effective dissolved oxygen (DO) delivery + Oxygenation technolog
Slide 18: DGI can be used to:
DGI® can be used to: Enhance or increase capacity of underperforming aeration systems Deliver industrial and remedial process intensification Provide supplemental oxygen for existing operations Deliver residual DO at higher concentrations and dosing rates Meet demand immediately for wastewater strea
Slide 19: Multiple System Benefits, Capabilities, & Applications
gy Multiple System Benefits, Capabilities, & Applications AQUACULTURE + Precise contro! of dissolved oxygen + Improve animal health and growth rates + Increased production proven on shrimp farm trial ty WATER & WASTEWATER TREATMENT Rapid dosing to increase treatment capacity + Hydrogen sulfide (H,S)
Slide 20: Aquaculture Applications Validated Through Demonstrations
gy Aquaculture Applications Validated Through Demonstrations ‘Commencing Demonstration in Late @1 2025 + Selected for an extended demonstration ata fish hatchery in the Western U.S. + Willevaluate the benefits of OG! technology to supply consistent and precise levels of DO in ciel the raising of gam
Slide 21: 2024 Outlook
2024 Outlook P=) Ke) Ai Potton Conta APC) a & Gain ae toc ara domestically expected in G4 and the frst half of 2026 as execution excludes any material impact from DG! ‘curs on project backlog + SCBA expenses to range betwean $13-513.5MM + Additonal $2-4NM of new project awards by the end of 2024 o Q
Slide 22: Financial Overview
Financial Overview ‘Statement of Operati in Thou Total Revenues $19,850 $27,081 $26,041 Cost of Sales $11,462 $15,425 $15,298 Selling, general and administrative expenses. $9,815 $12,803 $12,275 Operating loss $(2,586) $(2,658) $(1,527) Net loss $(60) $(1,538) (1,442) Net income (loss) per share fro
Slide 23: Thank You!
Thank You! © frek.com ul recH Vince Arnone Chairman, President and CEO. @ (630) 845-4500 © vamone@ftek.com Devin Sullivan Managing Director © dsulivan@eauityny.com Conor Rodriguez Analyst © ciodiquez@eauitvnvcom