Cvw Sustainable Royalties Inc. · TSXV:CVW
Cvw Sustainable Royalties — Investor Presentation (September 2025)
36 slides from Cvw Sustainable Royalties's investor presentation, September 2025
Slide 1: Investor Presentation
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 The Leading Platform for Diversified Clean Technology Royalty Investments I N V E S T O R P R E S E N TAT I O N SEPTEMBER 2025 TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 2: Disclaimer
The information provided in this presentation is provided as of September 10, 2025, for informational purposes only, is not complete, and may not contain certain material information about CVW Sustainable Royalties Inc. (“CVW Sustainable Royalties" or the "Company"), The securities described in this
Slide 3: Macro Tailwinds, Lower Risk Royalty Structure, Focus on Cash Returns
Macro Tailwinds Lower Risk Focus on Cash Royalty Flow and Structure Returns Board & Management Ownership TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 4: Capital Structure & Shareholder Breakdown
CAPITAL STRUCTURE & SHAREHOLDER BREAKDOWN TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 September 10, 2025 Shares Outstanding 145.4M SHARE PRICE PERFORMANCE Equity Awards 12.7M Warrants 11.3M $2.00 4.0 2 Fully Diluted Shares Outstanding 169.4M 1 5 Share Price $0.94 $1.50 3.0 4 6 Cash Balance (As of June 30,
Slide 5: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
• • • • • • • • • TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 6: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 7: Global Spending on the Clean Energy Transition
GLOBAL SPENDING ON THE CLEAN ENERGY TRANSITION IS CLIMBING SIGNIFICANTLY • C$200B • Investment tax credits and other spending2 CLEANTECH INVESTMENT IN THE US €1T • $69 The European Green Deal3 $64 $71 $48 $62 US$370B $37 $44 $68 $33 $67 Inflation Reduction Act4 $35 $23 $56 $22 $30 $42 $21 $23 $34 $2
Slide 8: Increasing Investor Focus on ESG
INCREASING INVESTOR FOCUS ON ESG $40 $33.9 $30 $20 $18.4 $9.4 $10 $2.2 $0 2015 2020 2021 2026 US$33.9 81.0% US Trillion 83.6% Europe in projected ESG- The most common cleantech applications are found in: in projected oriented AUM ESG-oriented growth by 2026, AUM by 2026 outpacing the AWM industry TS
Slide 9: Resilient Supply Chain
Resource Extraction Manufacturer Residual Waste 1.0 5.0 Increased 0.8 4.0 Yield 0.6 3.0 0.4 2.0 Lower 0.2 1.0 Recycling Waste - - (0.2) (1.0) (0.4) (2.0) Reduced Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Consumer Emissions Global Geopolitical Risk Indicator Global Trade Protectionism Resilient Supply Chain
Slide 10: Projected Global Energy Mix
PROJECTED GLOBAL ENERGY MIX PROJECTED DEMAND FOR METALS & FOOD SECURITY MATERIALS 6% 9% 4% 56% 25% 15% 10% 6% 55% 14% ° ° TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 11: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 12: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
1 • 2 • • 3 • • • • • • • • • TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 13: Powered by Bing
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 Powered by Bing
Slide 14: Existing Financing Gap Investment Criteria
Key Criteria to Reduce Technology Risk • Detailed technical due Commercially deployed diligence by in house Earlier stage technologies Existing technologies with technical team alongside exceeding the desired risk profile Financing Gap access to lower cost of 3rd party experts capital • Significant
Slide 15: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 16: Benefits
BENEFITS OPERATORS ROYALTY CO. Growing Project Pipeline Asset / Technology Diversification Exposure to Multiple Commodities Sustainability Thematic Favourable Government Policies Exposure to Top Line Revenue OPERATORS ROYALTY CO. High Margin Business Opportunities in Low-risk Jurisdictions Costless
Slide 17: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 18: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 19: Traditional Production / Landfill Disposal
TRADITIONAL PRODUCTION/ LANDFILL DISPOSAL • Facility Details TONNES Production 0 195 Ramp-Up • Achieved ~4 acres (leased 15+ years) Commercial 150-200 tpd CALGARY COMMERCIAL FACILITY TONNES $17.5 million 0 195 77.4 kg of CO2e • • Annual net ~3.3M kg estimated CO2e emission savings1 TSX-V: CVW | OTCQ
Slide 20: Sector Focus
Pilot facility in Delta, British Columbia CVW SUSTAINABLE ROYALTIES SECTOR FOCUS Hydrocarbons STAGE First Commercial Facility Heavily Piloted and Proven Process Fully Funded Fully Commissioned Offtake and Feedstock Agreements Alongside COMMODITY Commercial Operations in 2025 Investments from Strateg
Slide 21: Revenue per Commodity
REVENUE PER COMMODITY1 • 3% • • • ROYALTY PRE-TAX CASH FLOW PROFILE2 $4.9 $5.2 $5.2 $5.2 $5.2 $5.2 $5.2 $5.2 $5.0 • $1.7 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $4.0 $3.0 $2.2 $1.1 $1.2 $1.2 $1.2 $1.2 $1.2 $1.2 $1.2 $2.0 • • $1.7 $1.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $2.0 $1.5 • • $0.0 2028 2026 2027 2029 2
Slide 22: Economic Benefits
A CVW project offers significant economic, environmental, and operational benefits1: ECONOMIC BENEFITS ENVIRONMENTAL BENEFITS OPERATIONAL BENEFITS Bitumen: ~1.9 MMbbl CO2e Emissions Eliminates Use of Tailings Ponds Abatement: ~380+ kT for Froth Treatment Tailings Solvent: ~328 Mbbl Heat Integration:
Slide 23: Hydrocarbons and Critical Minerals
CVW Sustainable Royalties has multiple project development options: CVW EcoBase1 CVW EcoFlex1 CVW EcoMax1 • Oil Sands, Alberta Hydrocarbon Phased Full technology focused approach suite CVW SUSTAINABLE ROYALTIES $136M $136M $136M SECTOR FOCUS — Phase 1: - $205M Hydrocarbons Phase 2: $205M Phase 1: $7
Slide 24: Free Cash Flow Revenue per Commodity
CVW FREE CASH FLOW REVENUE PER COMMODITY (100% BASIS) • 16% 55% • 9% YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 30% CVW Proprietary Tech FCF - EcoBase CVW Proprietary Tech FCF - EcoMax ILLUSTRATIVE 46% ECOBASE FINANCING • 20% 30% 20% 30% TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 25: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
− − − − − − TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 26: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 27: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 28: Akshay Dubey, Darren Morcombe, Pierre Lassonde
Akshay Dubey Darren Morcombe Pierre Lassonde CEO & DIRECTOR CHAIRMAN SPECIAL ADVISOR & SHAREHOLDER 14+ years of experience originating and structuring 30+ years of international experience in natural resource Highly respected Canadian professional engineer, investments in the natural resource space
Slide 29: Strong Macro Tailwinds
Strong Macro Tailwinds Diversification • Scalable within the cleantech space, providing investors • Global cleantech funding flows in 2024 exceeded ~$3.3 exposure to multiple technologies and geographies trillion1 • Management team with technical skill set and network to • Ability to capitalize on d
Slide 30: Contact
CVW Sustainable Royalties Inc. Suite 305, 505 – 8th Ave. SW, Calgary, Alberta, Canada T2P 1G2 Akshay Dubey Joshua Grant CHIEF EXECUTIVE OFFICER AND DIRECTOR CHIEF FINANCIAL OFFICER Tel: 403-460-8135 Tel: 403-460-8135 Akshay.Dubey@CVWroyalties.com Joshua.Grant@CVWroyalties.com www.cvwsustainableroyal
Slide 31: TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 32: Global Minerals Shortage for Clean Energy Technologies
• GLOBAL MINERALS SHORTAGE FOR CLEAN ENERGY TECHNOLOGIES - • - - • • - - TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 33: IEA World Oil Outlook 2023
IEA WORLD OIL OUTLOOK • 2023 kWh per capita1 • USA: 29,600 China: 6,300 India: 2,000 • • - Peak Oil Demand - OPEC WORLD OIL OUTLOOK OPEC: 2050+2 IEA: 2025-20303 TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 34: More Food Needed to Feed the World by 2050
56% more food needed to feed the world by 20501 • 50% • of the world’s land is already - used for agriculture1 - - - 42% of food is wasted in North America1 TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0
Slide 35: Darren Morcombe, John Brussa, Bruce Griffin
Darren Morcombe John Brussa CHAIRMAN DIRECTOR • Founder of Springtide Capital Pty. Ltd., a private investment company specializing • Chairman and Partner of Burnet, Duckworth & Palmer LLP Moss Kadey in micro-cap listed companies, venture capital and resource-oriented companies SPECIAL ADVISOR • Form
Slide 36: Akshay Dubey, Joshua Grant, Kevin Moran, Mathew Ullattikulam
Akshay Dubey Joshua Grant Kevin Moran Mathew Ullattikulam CEO AND DIRECTOR CFO AND CORPORATE SECRETARY EVP AND CHIEF TECHNOLOGY OFFICER VP, CORPORATE DEVELOPMENT • Joined CVW Sustainable Royalties Inc. • Has over 16 years of experience in • Extensive oil sands industry • Extensive experience in the
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