374water Inc. · NASDAQ:SCWO
374water — Investor Presentation (June 2024)
42 slides from 374water's investor presentation, Jun 28, 2024
Slide 1: Clean and Sustainable Destruction of Organic Waste
374WATER® Clean and Sustainable Destruction of Organic Waste Investor Presentation June 2024 (©2024 374Water nc. All Rights Reserved. This document and the information set forth herein are the property of 37Water
Slide 2: Table of Contents
Table of Contents B74 WATER? |. Company Overview. ll. Our Differentiated Technology .. ill, Market Opportunity . !V. Go to Market Strategy ... V. Products & Services. VI. Operations. Vil. Competitive Landscape..... Vill. Leadership & Board.
Slide 3: 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, strate
Slide 4: Section I: Company Overview
374WATER® SIECINON))| Company Overview
Slide 5: 374Water's proprietary AirSCWO technology
374Water's (Nasdaq: SCWO) proprietary AirsCWO technology is designed to destroy and mineralize both non-hazardous and hazardous organic waste streams in a safe and sustainable manner. %e ~
Slide 6: AirSCWO System Seeks to Solve the World's Toughest Organic Waste Issues
374Water's AirsCWO System seeks to solve the NA World’s Toughest Organic Waste Issues 374Water's proprietary AirSCWO System is designed to destroy non- hazardous and hazardous organic wastes. AirSCWO is designed to produce safe dischargeable water streams, safe mineral effluent, safe vent gas, and r
Slide 7: AirSCWO System Sizes
AirSCWO System Sizes 374WATER® 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 eventually commercializing our Medium Capacity System (6 metric ton per day). SMAL
Slide 8: History Of Innovation
History Of Innovation 374WATER® 2011-2018 2021 2022 2023 2024 tial tundng omens | Meret ersbecores | companyistedon | companyjoins ruse 30008 | cis Gannon appointed CEO Melina Gates Foundation | devoapment and Nas ker F/23 NOAA ScWO guidance Laederthp tam expan planned to begin developing our ‘manuf
Slide 9: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS — INAYFAC wsp D Sovw BARCADIS Geosyntec? CleanEarthis consultants MUNICIPAL QCSSAN Aare, > ME . ORLANDO 'Srmowor BARE ‘ stcLoup > ‘TRUST FUND.
Slide 10: Investment Thesis
Investment Thesis | 374WATER® 25 aS = on $250BN+ GLOBAL REGULATORY AIRSCWO SEEKS TO AIRSCWO ADDRESSABLE ENVIRONMENT ADDRESS THE WASTE IS DESIGNED TO BE MARKET DRIVING DEMAND DISPOSAL PROBLEM SCALABLE AND CUSTOMIZABLE Broad-Based EPA, CERCLA, AirSCWO Technology is Achievable Applications and End Drin
Slide 11: Near Term Focus Areas
Near Term Focus Areas Customer Contracts to Showcase Technology Flexibility * Orange county Sanitation District (CA) and City of Orlando (Fl) for biosolids * Army, Navy, Air Force & Defense Innovation unit for PFAS concentrates * Landfill leachate with national landfill companies representing 600+ s
Slide 12: Section II: Our Differentiated Technology
374WATER® SECTION II Our Differentiated Technology
Slide 13: What Is Supercritical Water Oxidation: AirSCWO Process Flow
What Is 374Water’s Continuous AirsCWO Process Flow Diagram an . 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. AirSCWO is des
Slide 14: Why Supercritical Water?
Why Supercritical Water? 374WATER® SUPERCRITICAL SUPERCRITICAL WATER sik ‘© Most gases (eg., 0,) havea Transports like gas, low solubility dissolves like liquid © Inorganic salts readily Gases (eg, ©,) are highly H dissolve & dissociate soluble i ‘© (Most) Organic Inorganic salts precipitate Ice H c
Slide 15: Turnkey Waste Destruction Solutions
Turnkey Waste Destruction Solutions 374WATER® TREATED aa TREATED [[crerncalaaaiion | DISCHARGE <—_—o TREATED WASTE DISCHARGE Page 12
Slide 16: 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. These organic wastes include: O80 3OHe Sludges Landfill Spent lon SpentGranular _Firefighting Foam AFFF Foam
Slide 17: Section III: Market Opportunity
374WATER® SECTION III Market Opportunity
Slide 18: The Market Opportunity
The Market Opportunity 374WATER® 374Water addresses both traditional waste streams and emerging contaminants across all with an overall global market of e The Government, Industrial and Municipal markets are seeking alternatives to existing waste treatment technologies, which are considered inadequa
Slide 19: The Regulatory Environment is Poised to Drive Demand
The Regulatory Environment is Poised to Stringent Federal Regulations on PFAS in Drinking Water ‘The Biden administration hy the first national limits on PFA US drinking water. requiring prevent nearly 10,000 deaths available to the Bipartisan Infrastructure L and compliance is expected t implementa
Slide 20: Municipal Opportunity
Municipal Opportunity 374WATER® Global water and wastewater treatment market was valued at $302BN USS. dollars in 2022. The market is projected to reach a value of approximately $540BN by 2030. ttn A © U.S. water and wastewater treatment market is expected to grow from $113BN in 2023 to $179BN by 20
Slide 21: US Government Opportunity
US Government Opportunity ! 374WATER® US Government spends over $15BN on waste management annually. Potential Release 715 Installations Conducting Assessments for PFAS Use * DoD, PFAS Concentrates “Forever Chemicals” are a $250BN cleanup opportunity according to industry experts. One base, Pease AFB
Slide 22: 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 $30.3BN per year. * Numerous lawsuits nationwide hold companies accountable for PFAS contamination, leading to risk of signifi
Slide 23: Section IV: Go-To-Market Strategy
374WATER® SECTION IV Go-To-Market Strategy
Slide 24: Go-To-Market
Go-To-Market 374Water has a flexible go-to-market strategy to generate demand across our three major verticals market 2 374Water segments the Municipal, Fe and Indus verticals and corresponding waste streams into: © Waste Type: Sludges, Concentration Medias, and Aqueous/Solvents Waste Quantity: smal
Slide 25: Robust Pipeline of Opportunities
374Water has a Robust Pipeline of Opportunities: Nearly $1.6BN and growing —=-— —@- — MUNICIPAL FEDERAL & PRIME CONTRACTOR Landfill Leachates PFAS Concentrates “Forever PFAS in US Drinking Water Chemicals" (AFFF, GAC, IX, FF) Firefighting Foam (AFFF) ‘© Mfg & Disposal (Ammo, Chemical, Chemical Demil
Slide 26: 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. iss TSDF Potential Partnerships © Ourstrategy is to create a network of Treatment
Slide 27: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS — INAVFAC wsp D Sov BARCADIS Geosyntec? CleanEarthis consultants MUNICIPAL QCSSAN ASR. > me. ORLANDO ‘Gyeower BARR | st LouD > ‘TRUST FUND INDU
Slide 28: Section V: Products & Services
374WATER® SECTION V Products & Services
Slide 29: AirSCWO System Sizes
AirSCWO System Sizes 374WATER® 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 eventually commercializing our Medium Capacity System (6 metric ton per day). SMAL
Slide 30: 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 31: Engineering Services
Engineering Services 3 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
Slide 32: Laboratory & Testing Services
Laboratory & Testing Services 374Water provides extensive Laboratory & Testing Services to our Municipal, Federal & Prime Contractor, and Industrial & Corporate partners. © Services provided to partners: © Rapid prototyping and thorough feedstock preparation to bolster full-scale efforts © Continuou
Slide 33: Section VI: Operations
374WATER®
Slide 34: Manufacturing Operations
g Operations 374WATER® Manufactu 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. * Existing Manufacturing Operations © Existing assembly operations are curren
Slide 35: Engineering and Laboratory & Testing Operations
Engineering and Laboratory & Testing Operations 374WATER® 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
Slide 36: Section VII: Competitive Landscape
374WATER® SECTION VII Competitive Landscape
Slide 37: AirSCWO Value Proposition
AirSCWO Value Proposition VALUE LEVERS REVENUE Phosphorus out MINERAL OUTPUTS jess cost REDUCTION Cost of reatment Cost of disposal i Handle changes (on the fly Future proot compliance Performance Tracking 99.9% PFAS idderdrrreniat itl removed ESG caer WATER IMPACT Recover Water GHG EMISSIONS Non-bi
Slide 38: Direct and Indirect Competition
Direct and Indirect Competition COMPANY / TECHNOLOGY REVIVE / GENERAL ATOMICS (SCWO) ACLARITY / AXINE / AECOM / Ovivo (Electrochemical Oxidation) AQUAGGA (Hydrothermal Alkaline Treatment -HALT) Deep Well Injection Langfill PROS Optimized for treating liquid waste, leading to high efficiency in organ
Slide 39: Section VIII: Leadership & Board
374WATER® SECTION VIII Leadership & Board
Slide 40: Our Leadership Team
Our Leadership Team _o_ © 0 @_ President and CEO Chis brings more than 25 years of fexperience within publely traded and Dehate equity backed companies. Previous {oles include CEO st Eneray Recovery and National Fire and Safety, Lead Operations Adveor to the City of Detrot. and PE Operating, Partner
Slide 41: Our Board of Directors
Our Board of Directors 374WATER® _@ _@ _§ _§ Rene Estes Ms. Estes serve 36 Chairperson of the Board for SaWater. For more tan 1s years, Ms Estes has. partnered with estorn, entrepreneurs, fanciers, Gevelopers, and operators to. achieve conor Success for ventures in multiple ‘ndustnes and, at times,
Slide 42: Thank You
374WATER® Thank You Heather Crowell heather@gregoryfca.com 215-316-6271