Slide 1: De.mem Limited Investor Presentation
De.mem Limited (ASX:DEM) Investor Presentation 27 February 2026
Slide 2: Contents
CONTENTS 2 BUSINESS OVERVIEW 3 Global leader in de-centralised water treatment 4 Proprietary technology 5 Diversified product & services 6 Recurring revenue model 7 Large, highly fragmented market 8 Geographic diversification 9 Core Chemicals acquisition 10 Strong acquisition track record 11 Residen
Slide 3: Global Leader in De-centralized Water Treatment
GLOBAL LEADER IN DE-CENTRALIZED WATER TREATMENT 3 De.mem’s vision is to be the leading international supplier of de-centralized water treatment solutions Industrial Residential Comprehensive “one stop shop” offering for Small, standardized filtration systems for Key industrial water treatment combin
Slide 4: World Leading Hollow Fibre Membrane Technology
WORLD LEADING HOLLOW FIBRE MEMBRANE TECHNOLOGY 4 Principle of Hollow Fibre Membrane Filtration • De.mem’s membranes are a microporous structure, whereby the pore size within the membrane Only molecules smaller than the determines which contaminants are removed Clean water pores pass through the • Me
Slide 5: Industrial Water Treatment Product & Services Offering
INDUSTRIAL WATER TREATMENT PRODUCT & SERVICES OFFERING 5 Only ASX-listed company with fully diversified offering and Australian metropolitan and regional presence Packaged Membrane Systems Membrane Modules Membranes Seawater Desalination Pumps & Hydraulics Chemical Dosing Equipment Water Treatment C
Slide 6: High Margin Recurring Revenue Model
HIGH MARGIN RECURRING REVENUE MODEL 6 Demem generates more than 90% recurring revenues Services Specialty Pumps, Services & Membrane Systems (BOO & O&M) Chemicals Equipment Build, Own, Operate (BOO) Supply containerized For water treatment plant Supply pumps, small involves leasing of water water an
Slide 7: Large, Highly Fragmented Market
LARGE, HIGHLY FRAGMENTED MARKET 7 The Australian market is highly fragmented, with multiple small operators in narrow niches and limited geographies. The global market is US$39 billion (4). De.mem is the only ASX listed provider of a complete decentralised water treatment offering across Australia.
Slide 8: National Business Portfolio with Blue Chip Clients
NATIONAL BUSINESS PORTFOLIO WITH BLUE CHIP CLIENTS 8 Australia-wide offering including key regions of Kalgoorlie (Western Australia) and Albury-Wodonga (regional VIC/NSW), servicing blue-chip clients such as Rio Tinto, AGL, Inghams, Alcoa, Pilbara Minerals Border Pumpworks Auswater Offices
Slide 9: Core Chemicals Acquisition
CORE CHEMICALS ACQUISITION 9 Significant synergy upside from acquisition of well-priced, profitable, high growth business Well-priced, well structured, accretive acquisition • On 1 November 2025 De.mem acquired Core Chemicals, a supplier of process chemicals and services to gold mining customers to
Slide 10: Strong Acquisition Value Add Track Record
STRONG ACQUISITION VALUE ADD TRACK RECORD 10 Since 2019, Demem has successfully grown 4 bolt-on acquisitions completed between 2019 and 2022 by average ~93% Historical acquisition growth • From 2019-2022, De.mem has increased revenues by 93% of 4 acquired businesses (Capic, Pumptech, Geutec & Stevco
Slide 11: Residential Water Treatment Products
RESIDENTIAL WATER TREATMENT PRODUCTS 11 De.mem is launching its domestic water filters via distribution partnerships to the global market • De.mem offers a range of small, standardized filtration systems for domestic water purification • Incorporating De.mem’s Graphene Oxide (“GO”) enhanced membrane
Slide 12: Corporate Snapshot
CORPORATE SNAPSHOT 12 Over the last 6 months, De.mem has traded mostly in line with the ASX Small Ordinaries index ASX code DEM Ordinary shares ~293m NA Singapore Early-Stage Venture Fund ~13% Market capitalisation $33m MAJOR SHAREHOLDERS Perennial Value Microcap Opportunities Fund ~11% Cash on hand
Slide 13: Record Annual EBITDA
RECORD ANNUAL EBITDA 13 CY 2025 marks the first full calendar year for which De.mem reports positive Adjusted EBITDA RECORD EBITDA • Adjusted EBITDA* increased to $1.6m in CY 2025, a substantial turnaround from -$60k in CY2024 * Adjusted EBITDA excludes share-based payments, acquisition costs and ot
Slide 14: Record Growth Momentum
RECORD GROWTH MOMENTUM 14 More than 90% recurring revenues underwrite continuous growth $10 $9 $8 $7 Quarterly cash receipts (A$M) $6 $5 $4 $3 $2 $1 $0 • Record 27 consecutive quarters of cash receipts growth vs prior corresponding period. • ~24% long term compound annual growth rate (CAGR) of in ca
Slide 15: Record Annual Cash Receipts
RECORD ANNUAL CASH RECEIPTS 15 On track for record full year CY 2026 results $35 $32.3 $30 $28.4 $24.8 Calendar Year cash receipts (A$m) $25 $19.7 $20 $18.1 $15 $14.2 $10 $5 $0 CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 • Record CY 2025 cash receipts of $32.3m • ~24% per annum compound annual g
Slide 16: Positive Cashflow
POSTIVE CASHFLOW 16 Positive cashflow growth momentum CY 2022 CY 2023 CY 2024 CY 2025 $500,000 318,000 115,000 $0 Calendar Year operating cash flows (A$) -$500,000 -$1,000,000 -$1,500,000 -1,446,000 -$2,000,000 -1,881,000 • CY 2025 positive operating cash flow of $318k, achieved after continued inve
Slide 17: Record Outlook
RECORD OUTLOOK 17 On track for record full year CY 2026 results Strong growth momentum • 27 consecutive quarters of growth momentum, with 24% CAGR in cash receipts over the past 6.75 years Organic growth • Double digit organic growth momentum Recurring cash receipts • ~90% recurring cash receipts pr
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS 18 Unique water tech business with high margin recurring revenues; strong growth momentum and financial break even Record results, strong growth momentum with positive operating cashflow and EBITDA • Record 27 consecutive quarters of cash receipts growth vs prior corresponding
Slide 19: Andreas Kroell, Chief Executive Officer, De.mem Limited
Andreas Kroell George Gabriel, CFA Chief Executive Officer Investor relations De.mem Limited BLETCHLEY Park Capital investor@demem.com.sg gg@bletchleyparkcapital.com.au Follow us on Linked In