374water Inc. · NASDAQ:SCWO
374water — Investor Presentation (January 2025)
41 slides from 374water's investor presentation, Jan 22, 2025
Slide 1: Clean and Sustainable Destruction of Organic Waste
374WATER? Clean and Sustainable Destruction of Organic Waste Investor Presentation January 2025 (©2025 374Water nc. AllRighls Reserve. This document and the information set forth herein are the property of 374Water.
Slide 2: Forward Looking Statement
Forward Looking Statement 374WATER® This presentation and various remarks we make during this presentation contain “forward looking statements" of 374Water Inc. ('374Water,” “the Company,” “we,” ‘our’ or us"), which include information relating to future events, future financial performance, strateg
Slide 3: Table of Contents
TTT Table of Contents 374WATER> |. Company Overview... ll. Our Differentiated Technology ill, Market !V. Go to Market Strategy V. Products & Services. . 26
Slide 4: Section I: Company Overview
SECTION | Company Overview 374WATER® Page 4
Slide 5: AirSCWO System seeks to solve the World's Toughest Organic Waste Issues
374Water’'s AirSCWO System seeks to solve the World’s Toughest Organic Waste Issues 374Water's proprietary AirSCWO System is designed to destroy non-hazardous and hazardous organic wastes and, in the process, produce safe dischargeable water streams, safe mineral effluent, safe vent gas, and recover
Slide 6: Key Company Events and Outlook
Key Company Events and Outlook 374WATER® 2011-2020 2021 2022 2023 2024 2025 - Growth & Expansion westerns | vantonainarm | cnpeyeicin | conan ranaseoe | cen camen sere c2o a ieee cecromsone | Sot [SETH | rennomscwoosins | Lene wn ere pone cannes Ty 374 Water goes public ‘rough merger with ‘Agreement
Slide 7: What Is AirSCWO?
What Is AirSCWO? AirSCWO Process Flow Diagram AirSCWO harnesses the power of SCWO to destroy organic waste streams resulting in clean mineral water, effluent and recoverable heat energy. AirSCWO eliminates recalcitrant wastes like PFAS in the SCWO process without creating waste byproducts. 374WATER®
Slide 8: Materials Destroyed by AirSCWO
Materials Destroyed by AirSCWO 374WATER® 374Water's continuous flow AirSCWO System has successfully destroyed a wide range of organic wastes reaching non detect or below EPA required levels. Organic wastes destroyed include: Sludges Landfill Spent lon SpentGranular _ Firefighting Foam AFFF Foam Frac
Slide 9: $250B Global Market Opportunity
$250B Global Market Opportunity 374WATER® The Municipal, Federal, and Industrial markets seek alternatives to existing waste treatment technologies which are considered inadequate as they primarily transform, transport, or condense organic wastes instead of destroying them. Recent regulatory require
Slide 10: AirSCWO Systems
AirSCWO Systems 374WATER® 374Water is developing AirSCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, Industrial, and TSDF markets. = = B pz Capacity * 0.2510 0.5 MGD WW facility 1 metric ton/day @2.7 Mk Highly Mobile © Rapid deployment © Fully staffed © Cost eff
Slide 11: Investment Thesis
Investment Thesis | 374WATER® O2—2=—=—2 $250BN+ GLOBAL REGULATORY AIRSCWO SEEKS TO AIRSCWO ADDRESSABLE ENVIRONMENT ADDRESS THE WASTE SCALABLE AND MARKET FURTHER DRIVING DISPOSAL PROBLEM CUSTOMIZABLE DEMAND Broad-Based Applications EPA, CERCLA, AirSCWO Technology is Achievable and End Markets Drinkin
Slide 12: Section II: Our Differentiated Technology
374WATER® SECTION II Our Differentiated Technology Page 12
Slide 13: AirSCWO
AirSCWO 374Water's Continuous AirSCWO Process Flow Diagram RiNerAUerrtuENT Supercritical Water Oxidation (SCWO) is a physical-thermal process powered by air and water above its critical point (374°C and 221 bar) that yields a highly effective oxidation reaction that eliminates organic ‘compounds. Ai
Slide 14: Why Supercritical Water?
Why Supercritical Water? 374WATER® SUPERCRITICAL WATER SUPERCRITICAL WATER © Most gases (e.g., O,) have a Transports like gas, dissolves low solubility like liquid 221 bar = WATER © Inorganic salts readily dissolve Gases (e.g., 0,) are highly & dissociate soluble ‘© (Most) Organic compounds Inorgani
Slide 15: Materials Destroyed by AirSCWO
Materials Destroyed by AirSCWO 374WATER® 374Water's continuous flow AirSCWO System has successfully destroyed a wide range of organic wastes reaching non detect or below EPA required levels. Organic wastes destroyed include: Sludges Landfill Spent lon SpentGranular _ Firefighting Foam AFFF Foam Frac
Slide 16: Section III: Market Opportunity
374WATER® SECTION III Market Opportunity
Slide 17: The Market Opportunity
The Market Opportunity 374WATER® 374Water addresses both traditional waste streams and emerging contaminants across all with an overall global market of © The Municipal, Federal, and Industrial markets are seeking alternatives to existing waste treatment technologies, which are considered inadequate
Slide 18: Municipal Opportunity
Municipal Opportunity 374WATER® Global water and wastewater treatment market was valued at $302BN U.S. dollars in 2022. The market is projected to reach a value of approximately $540BN by 2030. © U.S. water and wastewater treatment market is expected to grow from $113BN in 2023 to $179BN by 2030. «T
Slide 19: Federal Opportunity
Federal Opportunity 374WATER® US Government spends over $15BN on waste management annually. 715 Installations Conducting As f Potential DoD, PFAS Concentrates “Forever Chemicals” are a multi-billion cleanup opportunity according to industry experts. One base, Pease AFB (NH), out of 715 sites identif
Slide 20: Industrial Opportunity
Industrial Opportunity 374WATER® Global industrial waste management market is estimated at $1.0TN per year, while the U.S. industrial waste management market is estimated at $80BN per year. * Techniques such as filtration and adsorption remove PFAS from media but require further disposal or treatmen
Slide 21: The Regulatory Environment is Poised to Drive Demand
The Regulatory Environment is Poised to Stringent Federal Regulations on PFAS in Drinking Water cnnking water, requinng utes to reduce levels fo the lowest detectable limits. This is expected to afect thousands of water systems nattonwide and prevent nearly 10,000 deaths annually S106 in federal fun
Slide 22: Section IV: Go-To-Market Strategy
374WATER® SECTION IV Go-To-Market Strategy Page 22
Slide 23: Go-To-Market
Go-To-Market § 374 WATER” 374Water has a flexible go-to-market strategy to generate demand across our three major verticals © 374Water segments the Mu! and corresponding waste streams. al, and industrial market verticals 374Water is actively engaged with key market constituents across segments to ge
Slide 24: 374Water has a Robust Pipeline of Opportunities
374Water has a Robust Pipeline of Opportunities: Nearly $1.8BN and growing a * Includes backlog for Orange County Sanitation District, Cty of Otando contracts, contracted commercia-scale demonstrations, lab studies, et bd MUNICIPAL Biosolids Landfill Leachates PFAS in US Drinking Water Firefighting
Slide 25: Joint Ventures / Partnerships
Joint Ventures / Partnerships 374Water is actively pursuing Joint Ventures / Partnerships with established waste management companies. We are furthest along in our discussions with potential partners in the TSDF space. TSDF Potential Partnerships Our strategy is to create a network of Treatment, Sto
Slide 26: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS esTcP Oo D WEiFowuns BARCADIS Geosyntec? Cleancarths consukants MUNICIPAL CITY OF <> / QCSSAN AyERCaNDO SrEgteaoeT a ST.cLoup > ‘TRUSTFUND INDU
Slide 27: Section V: Products & Services
374WATER® SECTION V Products & Services Page 27
Slide 28: AirSCWO Systems
AirSCWO Systems 374WATER® 374Water is developing AirSCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, Industrial, and TSDF markets. = = B pz Capacity * 0.2510 0.5 MGD WW facility 1 metric ton/day @2.7 Mk Highly Mobile © Rapid deployment © Fully staffed © Cost eff
Slide 29: AirSCWO System
AirSCWO System 374WATER® 374Water's AirSCWO System consists of pre-treatment, reactor, feed pump and post treatment modules which can be configured based on customer waste stream and waste destruction goals. als = i€) ¥ PRE-TREATMENT AirSCWO REACTOR FEED PUMP POST-TREATMENT MODULES MODULES MODULES M
Slide 30: Engineering Services
Engineering Services S7AWATERS 374Water provides engineering services to integrate our AirSCWO system into existing waste treatment and i processing systems. © System Design and Optimization * Process Development (developing the flow of waste treatment scheme) ‘© System Commissioning © Maintenance a
Slide 31: Laboratory & Testing Services
Laboratory & Testing Services 374Water provides extensive Laboratory & Testing Services to our Municipal, Federal & Prime Contractor, and Industrial & Corporate partners. ‘© Rapid prototyping and thorough feedstock preparation to bolster full-scale efforts ‘© Continuous optimization of bench-scale s
Slide 32: Section VI: Operations
SECTION VI Operations 374WATER® Page 32
Slide 33: 374Water Operations
374Water Operations 374WATER® Manufacturing Operations: 374Water is transitioning to a larger, dedicated manufacturing facility to insource the majority of its assembly and light manufacturing activities, as well as increase production velocity and flexibility. «Interim Manufacturing Operations - Or
Slide 34: 374Water Operations (continued)
374Water Operations (continued) 374WATER® Research, Development and Engineering (R&D&E) Operations: R&D8&E will transition into a new, expanded facility co-located with manufacturing to accelerate the speed of product innovation, build broader testing and development capabilities, and expand our tea
Slide 35: Section VII: Competitive Landscape
374WATER® SECTION VII Competitive Landscape Page 35
Slide 36: AirSCWO Value Proposition
AirSCWO Value Proposition VALUE LEVERS Airscwo REVENUE Page Phosphorus piertles MINERAL OUTPUTS. ponte High TREATMENT Cost of treatment Medium cost REDUCTION | transport | Cost of disposal losers High iensh teed High eng Macsit PFAS ELIMINATION 99.9% PFAS High ae WATER IMPACT Recover Water High GHG
Slide 37: Direct and Indirect Competitive Technologies
Direct and Indirect Compe COMPANY / TECHNOLOGY REVIVE / GENERAL ATOMICS (SCWO) ACLARITY / AXINE | AECOM / Ovivo (Electrochemical Oxidation) AQUAGGA (Hydrothermal Alkaline Treatment -HALT) Deep Well injection Landfill Incineration itive Technologies PROS Optimized for treating liquid waste, leading t
Slide 38: Section VIII: Leadership & Board
SECTION VIII Leadership & Board 374WATER® Page 38
Slide 39: Our Leadership Team
Our Leadership Team 374WATER® _o__© 0 §_ Chris Gannon President and CEO Cris rings more than 25 years f experience vwtln pul waded and pvate equty backed ‘companies. Previous oles include CEO at Energy Recovery and National Fe and Safty, {lead Operations Advisor othe Cy of Deo, and PE Operating Parn
Slide 40: Our Board of Directors
Our Board of Directors 374WATER® Rene Estes Ms. Estes serves as Chaiperson of the Board for 274Water For more than 15. years, Ms. Estes has panered wih vests, ‘entrepreneurs, fmancers, developers, and ‘Operators to achiove economic. success for Yeniures in-mutiple indusiies and, at times, ‘ecreme ma
Slide 41: Thank You
374WATER® Thank You Chris Tyson Executive Vice President MZ North America Direct: 949-491-8235