374water Inc. · NASDAQ:SCWO
374water — Q3 2024 Earnings Presentation
40 slides from 374water's earnings presentation, Nov 14, 2024
Slide 1: Investor Presentation
Clean and Sustainable Destruction of Organic Waste Investor Presentation December 2024 ©2024 374Water Inc. All Rights Reserved. This document and the information set forth herein are the property of 374Water.
Slide 2: Table of Contents
Table of Contents I. Company Overview…………………..………………………………………...... 02 II. Our Differentiated Technology ...…...…………………………….…. 10 III. Market Opportunity …………………………………………….………….…… 14 IV. Go to Market Strategy …………………….…………...…………………...... 20 V. Products & Services……………………………………………………..….….... 25 VI.
Slide 3: Company Overview
SECTION I Company Overview Page 2
Slide 4: 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 5: History of 374Water
History of 374Water 2011-2020 2021 2022 2023 2024 Initial funding from Bill & Merrell Bros becomes Company listed on Company joins Russell 3000® Chris Gannon appointed CEO Melinda Gates Foundation development and Nasdaq (Ticker: FY23 NDAA SCWO guidance Leadership team expansion planned to begin deve
Slide 6: What Is AirSCWO?
What Is AirSCWO? AirSCWO Process Flow Diagram Supercritical Water Oxidation (SCWO) SUPERCRITICAL PHASE 221 bar WATER CRITICAL POINT ICE WATER PRESSURE VAPOR TEMPERATURE 374°C AirSCWO harnesses the power of SCWO to destroy organic waste Supercritical Water Oxidation (SCWO) is a streams resulting in c
Slide 7: Materials Destroyed by AirSCWO
Materials Destroyed by AirSCWO 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 Ion Spent Granular Firefighting Foam AFFF Foam Fractionate & B
Slide 8: $250B Global Market Opportunity
$250B Global Market Opportunity 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 requirements (e.g
Slide 9: AirSCWO Systems
AirSCWO Systems 374Water is developing AirSCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, and Industrial markets. The Company is currently focused on developing and commercializing our Small and Medium Capacity Systems. SMALL SYSTEM MEDIUM SYSTEM LARGE SYSTEM X
Slide 10: Investment Thesis | Solution for an Unaddressed Emerging Market
Investment Thesis | Solution for an Unaddressed Emerging Market $250BN+ GLOBAL REGULATORY AIRSCWO SEEKS TO AIRSCWO ADDRESSABLE ENVIRONMENT ADDRESS THE WASTE SCALABLE AND MARKET FURTHER DRIVING DISPOSAL PROBLEM CUSTOMIZABLE DEMAND Broad-Based EPA, CERCLA, AirSCWO Technology is Achievable Applications
Slide 11: Our Differentiated Technology
SECTION II Our Differentiated Technology Page 10
Slide 12: AirSCWO Process Flow
AirSCWO Process Flow 374Water’s Continuous AirSCWO Process Flow Diagram 1. Liquid wastes and compressed ambient air heated towards 374ºC 2. Waste oxidizes in reactor at P>221 bar and T > 374ºC 3. Gasses, liquids, and solids (minerals) are separated by changing pressure and temperature 4. The energy
Slide 13: Why Supercritical Water?
Why Supercritical Water? LIQUID WATER SUPERCRITICAL WATER SUPERCRITICAL WATER 221 bar ● Most gases (e.g., O2) have a ● Transports like gas, low solubility dissolves like liquid WATER CRITICAL ● Inorganic salts readily ● Gases (e.g., O2) are highly POINT dissolve & dissociate soluble ● (Most) Organic
Slide 14: Materials Destroyed by AirSCWO
Materials Destroyed by AirSCWO 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 Ion Spent Granular Firefighting Foam AFFF Foam Fractionate & B
Slide 15: Market Opportunity
SECTION III Market Opportunity Page 14
Slide 16: The Market Opportunity
The Market Opportunity 374Water addresses both traditional waste streams and emerging contaminants across all three major waste verticals with an overall global market of $250BN1 ● The Municipal, Federal, and Industrial markets are seeking alternatives to existing waste treatment technologies, which
Slide 17: Municipal Opportunity
Municipal Opportunity 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. ● The AWWA e
Slide 18: Federal Opportunity
Federal Opportunity US Government spends over $15BN on waste management annually. ● DoD, PFAS Concentrates “Forever Chemicals” are a multi-billion cleanup opportunity according to industry experts. One base, Pease AFB (NH), out of 715 sites identified has been appropriated $400M for cleanup. Inciner
Slide 19: Industrial Opportunity
Industrial Opportunity 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 treatment; Supercr
Slide 20: The Regulatory Environment is Poised to Accelerate Demand
The Regulatory Environment is Poised to Accelerate Demand EU POTENTIAL US LEADING ADVANCED NATIONS LEAPFROG Financial and Legal CERCLA (Superfund) Potential Full Ban, Stringent Federal Implications – Designation & New State-Level Water Quality Regulations on PFAS Industry is Manufacturer Regulatory
Slide 21: Go-To-Market Strategy
SECTION IV Go-To-Market Strategy Page 20
Slide 22: Go-To-Market Strategy
Go-To-Market Strategy 374Water has a flexible go-to-market strategy to generate demand across our three major verticals ● 374Water segments the Municipal, Federal, and Industrial market verticals and corresponding waste streams into: ○ Waste Type: Sludges, Concentration Medias, and Aqueous/Solvents
Slide 23: Robust Pipeline of Opportunities: Nearly $1.8BN and growing
374Water has a Robust Pipeline of Opportunities: Nearly $1.8BN and growing MUNICIPAL FEDERAL & PRIME CONTRACTOR INDUSTRIAL & CORPORATE ● Biosolids ● PFAS Concentrates “Forever ● Oil & Gas ● Landfill Leachates Chemicals” (AFFF, GAC, IX, FF) ● Chemical/ Petrochemical/ ● PFAS in US Drinking Water ● Mfg
Slide 24: 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, S
Slide 25: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS MUNICIPAL INDUSTRIAL / CORPORATE Page 24
Slide 26: Products & Services
SECTION V Products & Services Page 25
Slide 27: AirSCWO Systems
AirSCWO Systems 374Water is developing AirSCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, and Industrial markets. The Company is currently focused on developing and commercializing our Small and Medium Capacity Systems. SMALL SYSTEM MEDIUM SYSTEM LARGE SYSTEM X
Slide 28: AirSCWO System Modules
AirSCWO System Modules 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. PRE-TREATMENT AirSCWO REACTOR FEED PUMP POST-TREATMENT MODULES MODULES MODULES MODULES ● Bioso
Slide 29: Engineering Services
Engineering Services 374Water provides engineering services to integrate our AirSCWO system into existing waste treatment and processing systems. ● System Design and Optimization ● Process Development (developing the flow of waste treatment scheme) ● System Commissioning ● Maintenance and Support (r
Slide 30: 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 sys
Slide 31: Operations
SECTION VI Operations Page 30
Slide 32: 374Water Operations
374Water Operations 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 – Orlando FL
Slide 33: 374Water Operations (continued)
374Water Operations (continued) Research, Development and Engineering (R&D&E) Operations: R&D&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 team of engine
Slide 34: Competitive Landscape
SECTION VII Competitive Landscape Page 33
Slide 35: AirSCWO Value Proposition
06 AirSCWO Value Proposition VALUE LEVERS AirSCWO LANDFILL COMPOST DIGESTION COMBUSTION REVENUE Phosphorus MINERAL OUTPUTS High N/A Medium N/A N/A GROWTH Recovery TREATMENT Cost of treatment Medium Low Medium Medium Medium COST REDUCTION TRANSPORT Cost of disposal Low High High Medium High* Handle c
Slide 36: Direct and Indirect Competition
Direct and Indirect Competition COMPANY / TECHNOLOGY PROS CONS Optimized for treating liquid waste, leading to high Limited capacity. Reduced applicability, restricting its REVIVE / GENERAL ATOMICS (SCWO) efficiency in organic compound destruction use. Utilizes peroxide or pure oxygen, which can be
Slide 37: Leadership & Board
SECTION VIII Leadership & Board Page 36
Slide 38: Our Leadership Team
Our Leadership Team Chris Gannon Brad Meyers Deborah Cooper Russell Kline President and CEO Chief Operations Officer Chief Administrative Officer Chief Financial Officer Chris brings more than 25 years of Brad brings more than 25 years of Debbie brings more than 25 years of Adrienne brings more than
Slide 39: Our Board of Directors
Our Board of Directors Rene Estes Marc Deshusses Richard Davis Terry Merrell Ms. Estes serves as Chairperson of the Co-founder of 374Water and inventor of Mr. Davis was the CEO of PowerVerde from Mr. Merrell is a co-founder of Merrell Bros., Board for 374Water. For more than 15 the AirSCWO system. H
Slide 40: Thank You
Thank You Heather Crowell IR@374Water.com 215-316-6271 Nasdaq: SCWO