Slide 1: Investor Presentation
TTECH Investor Presentation Clean Air and Pure Water Technologies for a Sustainable Future September 2022 NASDAQ: FTEK
Slide 2: Safe Harbor
rufzcn Safe Harbor ‘This presentation contains “orwardokingsatemans” as defined in Section 216 ofthe Securities Exchange Act of 1934, ab amended, which ae made pursuant othe safe harbor provisions ofthe Private Seuss Litgation Reform Act of 1995 and reflect Fue Techs current expectations regarding f
Slide 3: Business Overview
Business Overview ud tecw Distinct Platforms That Offer perational, Financial and Environmental Be Portfolio of solutions that optimize combustion systems, emissions control, and water treatment ‘Air Polution Cortro! FUEL GHEMi/ Giewicel ieciwolonies in industrial and utility applications. Global le
Slide 4: Investment Highlights ($ in MMs)
Investment Highlights ($ in MMs) Expect higher APC revenues for FY 2022 vs. FY 2021 Strengthening revenue profile at FUELCHEM with good visibility into FY 2023 ‘Advancements at DGI business segment; Third party performance verification completed and Commercialization by VE 2022 Multi-year dectine in
Slide 5: Solutions Installed in Countries
Solutions Installed in 26 Countries utility | FirstEnergy 23s) FPS mesco SSS covmmath ing? @ xem Don TD O8En. FF Gy => gio AD 1,200+ Installations Across Four Continents. 180,500MW ' 30+ Year History of Service and Accountability
Slide 6: Diverse, Customizable and Low Cap-Ex Solutions for Emissions Control
Diverse, Customizable and Low Cap-Ex Solutions for Emissions Control > ASOR’ : Advanced SCR: Combines LNB, OFA, SNCR, AIG, (SG + Catalyst > ANG: Ammonia Injection rid > G36~: Graduated Saightening Ged > HERT: High Energy Reagent Technology™ > NB: Low NO, Burners > NO,OUT’:SNCRusing high momentum inj
Slide 7: Computational Fluid Dynamics
Computational Fluid Dynamics 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 (CFO) Model + Customized for esc
Slide 8: Efficiency Improvements that Drive Operational, Financial, and Environmental Benefits
Efficiency Improvements that Drive Operational, Financial, and Environmental Benefits FY 2022 FUEL CHEM revenues should range between $13.5-$14 M, with base level revenue of $13M for FY 2023, © Historic gross margin of 48-50% ‘= Reduces slag and a variety of pollutants and Greenhouse Gases + Mercury
Slide 9: FUEL CHEM / Chemical Technologies
FUEL CHEM® / CHEMICAL TECHNOLOGIES Delivering improved RO! Cc ~ Reduce Increase = MW per unit of fuel input (or + Service interruption or 1+ Profits by allowing plants to * Equipmenttife degradation conser iowa et ‘burn lower quality / cost fuels * Time between cleaning cycles # Deratesarising from
Slide 10: FUEL CHEM / Chemical Technologies: Targeting the Furnace, Not the Fuel
FUEL CHEM® / CHEMICAL TECHNOLOGIES, Go ene rifzcn Targeting the Furnace, Not the Fuel Eee im Up to.40% Reduction in Downtime Yard Waste * Demo Waste * Logging & Mill Residue ‘Wood Chips * Switch Grass * Forest Residue
Slide 11: TIFI Targeted In-Furnace Injection Programs Mitigate SO3
Before TIFL FUEL CHEM® / CHEMICAL TECHNOLOGIES ‘TIFI® Targeted In-Furnace Injection™ Programs Mitigate SO, PuntaPrieta Mexico After TIFL f od Comisién Federal de Electricidad® Pursuing opportunity with partnerin Mexico to burn high-sulfur fuel oil produced by Pemex ‘At present, ths oli largely being
Slide 12: Air Pollution Control Segment
(&) Air Pollution Control Segment ruditecn = Expect higher APC revenues for FY 2022.vs. FY 2021 as ses + Low capexsoutons for NO, and Particulate Control ses + 30%6-85% emissions reduction a capita project /fhed price sale with tune capaiies pra rages 202 = Typical customers: fossil fuel-ired utilit
Slide 13: Air Pollution Control Segment
Air Pollution Control Segment Gy (2 ee onoaid ruFecn Gas Turtine and Small Gas Engine Marketplace Demand for SCR and ULTRA systems driven by permite for new units and retrofit regulatory requirements + Actively involved with turbine and engine suppliers, Heat Recovery Steam Generator manufacturers,
Slide 14: Our Flexible, Adaptable APC Solutions Reflect the Changing Domestic Fuel Source Landscape
Our Flexible, Adaptable APC Solutions Reflect rubiecn the Changing Domestic Fuel Source Landscape uel Tech Revenueby Fuel Source 2020 US. lecrcty Generationby Fue Source” alt ) c “yao 202i —=—«2020~=«0Rk~S~—C«DD MA — £ Other Vy
Slide 15: DGI Dissolved Gas Infusion Technology
DGI™ Dissolved Gas Infusion Technology Efficient oxygen delivery for water and wastewater treatment processes across multiple industries Effective, flexible, and environmentally-riendly DGI combines two patent-pending technologies to ensure effective dissolved oxygen (D0) delivery Oxygenation techno
Slide 16: DGI Dissolved Gas Infusion Technology: Multiple System Benefits
DGI™ Dissolved Gas Infusion Technology Multiple System Benefits = Improve overall treatment costs = Eliminates chemical use for upsets = Avoid expansion capital outlay = Minimize new footprint requirements = Prevent discharge exceedances = Support wastewater reuse goals = Control septic/anoxic odors
Slide 17: Financial Overview ($ in Thousands)
Financial Overview ($ in Thousands) Statement of Operations Summary 022022 | 2202 oes Revenues $6,368 $5,218 $11,903 $10,251 Cost of Sales $3,690 $2,635, $6,935 $5,310 Seling, general and administrative expenses szam_| $2957 | $5928 | $6057 Operating loss $(485) $(689) (1,469) | $(1,846) Net loss (3
Slide 18: Thank You
Thank You rubiecn [S)Fourry Grour Vince Arnone Devin Sullivan Chairman, President and CEO Senior Vice President (630) 845-4500 (212) 836-9608 varnone@ftek.com dsullivan@equityny.com