Slide 1: Annual General Meeting of Shareholders
ANNUAL GENERAL MEETING OF SHAREHOLDERS May 29, 2026 Sustainable Water Solutions
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 Well-established and Proprietary Technology; Diverse Portfolio of Water &
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 Managing Director Officer • Joined in January 2023 as CFO; named CEO & MD in Dec 2025 DOUG BROWN • Joined in December
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 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 7
Slide 8: Fluence Business Segments
Fluence Business Segments The water and WW treatment market is highly fragmented; Fluence is focused 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 & Beverage Lithium Mining
Slide 9: OneFluence Approach – Building a Globally Integrated Water Company
OneFluence Approach – Building a Globally Integrated Water Company Cross-selling & Commercial Collaboration Establishing Global Global Water Operations Services Capabilities (Recurring Revenue) One Fluence Alignment of Rethink Business Mission, Tools & Vision & Core Processes Values Global Talent Ma
Slide 10: 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% 8% 11% 6% 14% 12% 35% 30% 30% 9% 10% • Focus on growing 11% presence in North
Slide 11: 2025 Accomplishments
2025 Accomplishments We achieved meaningful progress in 2025, especially with our turnaround in EBITDA Select Accomplishments Areas for Continuing Improvement • Delivered strong financial turnaround with 52% • Variability and seasonality in quarterly financial revenue growth and an increase in EBITD
Slide 12: 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 o SPS and RR growth was 15.2% compared to FY2024 30.
Slide 13: Record New Order Bookings Leading to Growing Backlog
Record New Order Bookings Leading to Growing Backlog New Order Bookings • New orders of $24.5M in FY 2025 (US$ millions) $24.5 o Represents an increase of 28.5% o MWW North America and IWB saw a combined $17.2 increase in orders of 98% and 76%, respectively $12.1 $10.5 o Q4 2025 new orders of $24.7M
Slide 14: Ivory Coast Project
Ivory Coast Project Project Overview The Installation Main Works: • Value: €164M • Scope: – The design and construction of a 150,000 m³/day water treatment plant to supply drinking water to the city of Abidjan Addendum Works: • Value: €48M • Scope: – Distribution of treated water from two 5,000m³ wa
Slide 15: Future Growth Drivers
Future Growth Drivers Fluence is successfully driving double-digit organic growth due to its breadth of products & technology and geographical footprint, unique to a mid-market company in the water industry MUNICIPAL WATER & WW INDUSTRIAL WW & BIOGAS INDUSTRIAL WATER & REUSE SEA ASIA & CHINA • Build
Slide 16: High-Margin Revenue Growth to Deliver EBITDA Expansion
High-Margin Revenue Growth to Deliver EBITDA Expansion As the Company increases SPS and Recurring Revenue across its core business units, profitability is expected to quickly increase ($ in millions) Revenue (1) Gross Margin (US$ millions) $119 30% 30% $78 $70 26% $51 24% 2022A 2023A 2024A 2025A 202