Fluence Corporation Limited · ASX:FLC
Fluence — Q3 2026 Earnings Presentation
25 slides from Fluence's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Results Investor Presentation
rsonal use only Q3 2026 Results Sustainable Water Solutions Investor Presentation October 29, 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: Q3 Financial Update
rsonal use only Q3 FINANCIAL UPDATE 3
Slide 4: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights All numbers subject to audit • Revenue - YTD Q3 2026 Revenue $58.0M – up 11.3% on YTD Q3 2025. Financial Summary (FY2022-TTM Q3 2026) (1)(2) - SPS plus Recurring revenue up 38.5% year on year ($12.5M), and 44.6% in (US$ millions) Q3 2026. $111M - Core business unit reven
Slide 5: Fluence Business Segments
Fluence Business Segments 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 INDUSTRIAL MUNICIPAL WATER INDUSTRIAL SOUTHEAST ASIA WASTEWATER & WASTEWATER WATER & REUS
Slide 6: Ivory Coast Project
Ivory Coast Project Legacy CES project nearing completion — successful milestone collections close out Fluence's large-contract era and fund the shift to SPS and recurring revenue, with Fluence well positioned to win the plant's ongoing O&M contract Project Overview The Installation Main Works: rson
Slide 7: Q3 2026 New Order Booking and Backlog
Q3 2026 New Order Booking and Backlog TTM orders up 14% year on year, with delayed orders set to lift Q4 2026 TTM New Order Booking • Q3 2026 new orders of $8.0M; $31.6M year to date (US$ millions) $64.2 $59.6 $65.3 • Several larger awards slipped on customer $49.2 $56.1 rsonal use only investment t
Slide 8: Key Recent Orders
Key Recent Orders The Company secured several notable new orders in Q3 and October 2026, including: • Qurayyah ETP (Saudi Arabia): $2.3M NIROBOX effluent treatment plant (repeat customer); rsonal use only • IVC O&M maintenance services: $1.3M; • iTest (SEA & China): $2.0M Aspiral MABR WWTPs (repeat
Slide 9: Fluence's Strategic Transition - Revenue Segmentation
Fluence’s Strategic Transition - Revenue Segmentation The Company is a diversified, profitable, pure-play water platform with demonstrated growth – a rare combination Medium-Term GEOGRAPHY 2022 TTM Q3 2026 Targets 12% Others • Increased geographic diversification 27% 10% rsonal use only • Significan
Slide 10: Future Growth Drivers
Future Growth Drivers The water and wastewater treatment market is highly fragmented, offering organic growth opportunities for Fluence across its global footprint utilizing its uniquely broad product portfolio as well as selectively using M&A as a growth lever MUNICIPAL WATER INDUSTRIAL INDUSTRIAL
Slide 11: High-Margin Revenue Growth to Deliver EBITDA Expansion
High-Margin Revenue Growth to Deliver EBITDA Expansion As SPS and Recurring Revenue increase across core business units, profitability is expected to quickly increase (US$ millions) ($ in millions) Revenue (1) Gross Margin SPS plus RR has grown by ~50% in the past 3 years GM’s continue to expand as
Slide 12: Investment Highlights
Investment Highlights Fluence is a pure-play water technology platform providing proprietary water, wastewater and wastewater-to-energy solutions to municipal and industrial customers globally Following the 2023 recapitalization and operational restructuring, rsonal use only 1 Focus shifting to grow
Slide 13: Appendix: Company Overview
rsonal use only APPENDIX: COMPANY OVERVIEW 13
Slide 14: World Class Management Team
World Class Management Team Management has significant experience in water and wastewater treatment leading to multiple successful exits rsonal use only BEN FASH OZZIE LLANES RICK CISTERNA SPENCER SMITH JEREMY DAYMENT CEO & Managing Director Chief Financial Officer Chief Growth Officer Chief Talent
Slide 15: Experienced and Capable Board of Directors
Experienced and Capable Board of Directors A Board of Directors with 30% ownership, bringing extensive water treatment and financial services expertise rsonal use only DOUG BROWN BEN FASH PAUL DONNELLY MEL ASHTON NIKOLAUS OLDENDORFF Chairman CEO & Managing Director Non-Executive Director Non-Executi
Slide 16: The Water and Wastewater Market is Large and Growing
The Water and Wastewater Market 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 live in high an
Slide 17: Proven and Established Products and Technologies
Proven and Established Products and Technologies Trusted brand with extensive global installation base of more than 1,000 plants MABR Anaerobic Digestion Other Wastewater NIROBOX Other Water rsonal use only 17 17
Slide 18: Higher Quality Revenue Mix Driving Sustainable Growth
Higher Quality Revenue Mix Driving Sustainable Growth Focusing the business on SPS and RR is increasing margins, reducing project dependency and improving earnings visibility • Stronger focus on SPS: Ramping sales of our TRANSITION TO HIGHER MARGIN SEGMENTS unique, decentralized water and wastewater
Slide 19: Defining Decentralized and Modular Solutions
Defining “Decentralized” and “Modular” 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 system canno
Slide 20: 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 rsonal use only Modular design, flexibility on flow ranges, high Municipal Wastewater purity solutions
Slide 21: 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 rsonal use only On-site sewage SUBRE Upgrade treatment Retrofit using Air is supplied to a spiral
Slide 22: 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 rsonal use only Milk processing Nutrient removal, W2E Fish processing Nutrient removal, W2E Sweet, fruit processing, others WW treatment , W2E Competi
Slide 23: 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 rsonal use only Power Demi Water Lithium Mining Water Industrial Reuse Water use ratio Competitive Advantages Competitors • Innovative process design
Slide 24: 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 rsonal use only Municipal Wastewater Saving energy South Korea Industrial Water High-quality pure water supply Hong
Slide 25: Contact
rsonal 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 25