Slide 1: Coffee Microcaps: Sustainable Water Solutions – Company Overview
For personal use only Coffee Microcaps: Sustainable Water Solutions Company Overview May 8, 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fluence Corporation Limited (ASX: apply for any securities, including in any jurisdiction where, or to any person FLC). All currencies quoted as “$” are US dollars unless otherwise specified. to whom, such an offer or invitation would be unlawful. Th
Slide 3: Investment Highlights
Investment Highlights Fluence is a leading provider of Water and Wastewater (“WW”) Treatment Systems to Municipal and Industrial End- markets with further application in WW-to-Energy (“W2E”) Highly Experienced Leadership Team For personal use only Well-established and Proprietary Technology; Diverse
Slide 4: World Class Management Team
World Class Management Team Management has significant experience in water and wastewater treatment leading to multiple successful exits BEN FASH OZZIE LLANES CEO and Chief Financial Officer For personal use only Managing Director • Joined in January 2023 as CFO; named CEO & MD in Dec 2025 • Joined
Slide 5: The Water and Wastewater Market Opportunity is Large and Growing
The Water and Wastewater Market Opportunity is Large and Growing WW Treatment, Water Reuse, and W2E is becoming increasingly more important as the world seeks to address a growing global water scarcity crisis • 2.3 billion people live in water-stressed countries, of which 733 9.7 billion million liv
Slide 6: Solutions Across the Water Cycle
Solutions Across the Water Cycle Highly diversified portfolio of water and wastewater treatment solutions and applications For personal use only 6
Slide 7: Proven and Established Products and Technologies
Proven and Established Products and Technologies Trusted brand with extensive global installation base TOTAL PLANTS: >1,000 MABR Anaerobic Digestion Other Wastewater NIROBOX Other Water For personal use only 7
Slide 8: Shifting Focus to SPS and RR to Improve Margins and Revenue Quality
Shifting Focus to SPS and RR to Improve Margins and Revenue Quality Focusing our business on Smart Product Solutions (“SPS”) and Recurring Revenue (“RR”) significantly improves the sustainability of growth and profitability • Stronger focus on SPS: Ramping sales of TRANSITION TO HIGHER MARGIN SEGMEN
Slide 9: Defining “Decentralized” and “Modular” Water & WW Solutions
Defining “Decentralized” and “Modular” Water & WW Solutions Modular, decentralized wastewater treatment is the most cost-effective, energy-efficient, sustainable solution What is Decentralized? Examples of Systems and Products • Connection to a large municipal system is not viable as the municipal s
Slide 10: Fluence Business Segments
Fluence Business Segments The water and WW treatment market is highly fragmented, offering an opportunity for Fluence to focus on high-growth end markets MUNICIPAL WATER & WW INDUSTRIAL WW & BIOGAS INDUSTRIAL WATER & REUSE SEA & CHINA Municipal Water Municipal WW Meat Processing Fish Processing Food
Slide 11: OneFluence Approach – Building a Globally Integrated Water Company
OneFluence Approach – Building a Globally Integrated Water Company Cross-selling & Commercial Collaboration For personal use only Establishing Global Global Water Operations Services Capabilities (Recurring Revenue) One Fluence Alignment of Rethink Business Mission, Tools & Vision & Core Processes V
Slide 12: Municipal Water & WW – Key End Markets and Geographies
Municipal Water & WW – Key End Markets and Geographies Key End Markets Geographies End Market Problems Solved Municipal Water Shortage of drinking water, portable, flexible Israel design Canada UAE For personal use only Modular design, flexibility on flow ranges, high Municipal Wastewater purity sol
Slide 13: Fluence MABR: Proprietary WWT Technology
Fluence MABR: Proprietary WWT Technology MABR technology has unique, proprietary advantages regarding energy-efficiency, footprint and ease of operation MABR Technology MABR Configurations Aspiral Micro For personal use only On-site sewage SUBRE Upgrade treatment Retrofit using Air is supplied to a
Slide 14: Industrial WW & Biogas – Key End Markets and Geographies
Industrial WW & Biogas – Key End Markets and Geographies Key End Markets Geographies End Market Problems Solved Meat processing Nutrient removal, W2E Milk processing Nutrient removal, W2E For personal use only Fish processing Nutrient removal, W2E Sweet, fruit processing, others WW treatment , W2E C
Slide 15: Industrial Water & Reuse – Key End Markets and Geographies
Industrial Water & Reuse – Key End Markets and Geographies Key End Markets Geographies End Market Problems Solved Food & Beverage Water Treat. & Reuse For personal use only Power Demi Water Lithium Mining Water Industrial Reuse Water use ratio Competitive Advantages Competitors • Innovative process
Slide 16: SEA & China – Key End Markets and Geographies
SEA & China – Key End Markets and Geographies (1) Key End Markets Geographies End Market Problems Solved Municipal Water Shortage of drinking water Stable high-quality effluent, China For personal use only Municipal Wastewater Saving energy South Korea Industrial Water High-quality pure water supply
Slide 17: Ivory Coast Project
Ivory Coast Project Project Overview The Installation Main Works: • Value: €164M • Scope: For personal use only – The design and construction of a 150,000 m³/day water treatment plant to supply drinking water to the city of Abidjan Addendum Works: • Value: €48M • Scope: – Distribution of treated wat
Slide 18: Fluence’s Strategic Transition - Revenue Segmentation
Fluence’s Strategic Transition - Revenue Segmentation The Company is a diversified, profitable, pure-play water platform with demonstrated growth – a rare combination Medium-Term 2022 2025 TTM Q1 2026 TARGETS GEOGRAPHY 6% 11% 14% 12% For personal use only 8% 6% 35% 30% 30% 9% 10% • Focus on growing
Slide 19: Financial Highlights
Financial Highlights Strategic shift gaining traction and demonstrating strong growth and healthy profitability Financial Summary (FY2022 – TTM Q1 2026) (1)(2) • FY2025 Revenue $78.4M, representing 52.3% growth over (US$ millions) prior year $116M For personal use only o SPS and RR growth was 15.2%
Slide 20: New Order Bookings and Backlog
New Order Bookings and Backlog Record new order bookings leading to growing backlog TTM New Order Booking • FY 2025 and TTM Q1 2026 new orders of $64.2M and (US$ millions) $59.6M, respectively $64.2 $59.6 For personal use only o New orders booked in FY 2025 of $64.2M, $52.2 $47.7 $49.2 representing
Slide 21: Future Growth Drivers
Future Growth Drivers Fluence is successfully driving double-digit organic growth due to its breadth of products & technology and geographical footprint, unique to a mid-market company in the water industry MUNICIPAL WATER & WW INDUSTRIAL WW & BIOGAS INDUSTRIAL WATER & REUSE SEA ASIA & CHINA • Build
Slide 22: High-Margin Revenue Growth to Deliver EBITDA Expansion
High-Margin Revenue Growth to Deliver EBITDA Expansion As the Company increases SPS and Recurring Revenue across its core business units, profitability is expected to quickly increase ($ in millions) Revenue (1) Gross Margin (US$ millions) $119 For personal use only 30% 30% $78 $70 26% $51 24% 2022A
Slide 23: For further information, please contact
For personal use only www.fluencecorp.com For further information, please contact: Australia North America Andrew Angus Ben Fash Investor Relations CEO and Managing Director E: andrewangus@overlandadvisers.com.au E: bfash@fluencecorp.com P: +61 402 823 757 23