Bqe Water Inc · TSXV:BQE
Bqe Water — Investor Presentation (June 2025)
23 slides from Bqe Water's investor presentation, June 2025
Slide 1: Company Overview
COMPANY OVERVIEW WWW.BQEWATER.COM
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Certain information contained herein may not be based on historical fact and therefore constitutes "forward-looking information" under applicable Canadian securities legislation. This includes without limitation statements containing the words "plan", "expect", "project", "
Slide 3: Who Are We
WHO ARE WE BQE Water is a specialist in water treatment in mining and metallurgical processing globally. Our innovative solutions and holistic approach to water management throughout project life cycle drive environmental compliance and social acceptability to local communities and investors alike.
Slide 4: BQE Water by Numbers
BQE WATER BY NUMBERS 30 20 M treatment plants technologies m3 of wastewater designed and built globally 4 commercialized since 2003 treated annually 4,000+ 100% tons of valuable metals recovered 1,000+ of projects waste residue annually tons of sodium cyanide eliminated or reduced recycled annually
Slide 5: Water in Mining
WATER IN MINING 90% of Mineral Processing Uses Water Secure water supply needed Water recycle to reduce costs No water = no operations Production Government Needs Water access in era Regulations of climate change Mt Polley tailings dam breach Permitting & Regulatory Compliance Decision Stricter limi
Slide 6: Expertise & Unique IP
EXPERTISE & UNIQUE IP WHAT MAKES US UNIQUE Project Diversification across IP Portfolio Detox - Cyanide CYANIDE METALS destruction 15% SART BioSulphide® & (Open Source) ChemSulphide® Selenium & DETOX 27% Other 8% OUR TECH Sulphate 13% SULPHATE SELENIUM SART Metals Cyanide 22% Sulf-IX Selen-IX recycli
Slide 7: Business Model Leading to Entrenched Solutions
BUSINESS MODEL LEADING TO ENTRENCHED SOLUTIONS WHAT MAKES US UNIQUE IDENTIFYING SOLUTIONS TRUSTED ADVISOR TECHNICAL SERVICES DEVELOPING NEW TECHNICAL IMPLEMENTING OPERATIONS SOLUTIONS SOLUTIONS INNOVATION
Slide 8: Business Model Addressing All Market Segments
BUSINESS MODEL ADDRESSING ALL MARKET SEGMENTS Mines in Development Active Mines Closed/Legacy Mines Timeframe Permitting to Production Operating Life Closure Time Horizons 5 to 10 years Base metals: 20 years 20+ years Precious metals: 10 years Successful ~ 5 years Unsuccessful ~ perpetuity Clients J
Slide 9: Average Project Revenues
AVERAGE PROJECT REVENUES $28M PER PROJECT* OVER 30 YRS *with contract renewals 60% of our projects DEV/PERMIT OPERATION CLOSURE are sole sourced ~$2M ~$24M ~$2M Over 5 yrs Over 15 yrs Over 5 yrs
Slide 10: Our Footprint
OUR FOOTPRINT • BQE Water offices and commercial operations ESTABLISHED PRESENCE PROJECTS FOR LEADING RESOURCE IN KEY MARKETS WORLDWIDE COMPANIES & REGULATORS North America Glencore South32 25% of mining market Codelco Coeur Jiangxi Copper Anglo American Latin America Freeport-McMoRan Agnico Eagle 2
Slide 11: Industry Recognition in the Last Year
INDUSTRY RECOGNITION IN THE LAST YEAR David Kratochvil Double Victory at the 2023 Honored with the BC Export Awards Prestigious Clean50 Winner of winners, collecting Award for Clean Technology the Exporter of the Year award as well as the Clean Technology award. Recognized Among Fastest Winner of bo
Slide 12: Revenue
REVENUE RECURRING REVENUES WHAT MAKES US PROFITABLE Non-recurring Revenue - Lead into Future Recurring revenue 67% of Revenue •Technical services required prior to arriving at water treatment plant operations •Recurring Revenues - IP Monetization 33% of Revenue •Production of clean water compliant w
Slide 13: Revenue
REVENUE Recurring Revenue (Operations) Proportional Revenue (Total) Working Capital CAD 14 Millions CAD 12 CAD 25 Millions CAD 10 CAD 20 CAD 8 CAD 15 CAD 6 CAD 10 CAD 4 CAD 5 CAD 2 CAD 0 2019 2020 2021 2022 2023 2024 CAD 0 2019 2020 2021 2022 2023 2024 5 YEAR X6 X2 X4 X7 TREND RECURRING REVENUE TECH
Slide 14: Performance Overview
PERFORMANCE OVERVIEW Profitability and Margin Trends G&A % OF GAAP REVENUE 40% 38% 35% 31% 30% 27% 26% 20% 22% 18% 21% 14% 10% 0% 7 year avg 5 year avg 3 year avg Adjusted EBITDA % of GAAP Revenue 7 year avg 5 year avg 3 year avg Adjusted EBITDA % of Proportional Revenue • General & Administrative E
Slide 15: Growth Over the Past 5 Years
GROWTH OVER THE PAST 5 YEARS COMPOUNDED ANNUAL GROWTH RATE (CAGR) Financial Metric CAGR (5 Years) Proportional Revenue (Total) 13% Recurring Revenue (Operations) 42% Adjusted EBITDA 16% Net Income 33%
Slide 16: Catalysts for Step Change in Valuation
CATALYSTS FOR STEP CHANGE IN VALUATION WHY INVEST IN BQE WATER •Consolidation in water and environmental services companies within the mining sector •Protection of value in uncertain economic environment •Company maker projects maturing in project pipeline
Slide 17: Company Maker Projects Catalyst
COMPANY MAKER PROJECTS CATALYST Characteristics of Company Maker Projects •Each project is large with capex > $100M (10% BQE) and ongoing opex > $6M/year (90% BQE). •Projects are already active – BQE already generating revenue from technical services in the past 12 months. •New Water Treatment Plant
Slide 18: Consolidation in Mine Water Sector - Catalyst
CONSOLIDATION IN MINE WATER SECTOR - CATALYST
Slide 19: Protection of Value Basis
PROTECTION OF VALUE BASIS •Proven commercial strategy •Unique disruptive technologies proven on industrial scale •Currently 33% of revenue is recurring linked to clean water production unimpacted by economic cycles •Capabilities for continuous IP growth, from in-house lab to operations. •Business al
Slide 20: Protection of Value Through Alignment with 21st Century ESG Priorities
PROTECTION OF VALUE THROUGH ALIGNMENT WITH 21ST CENTURY ESG PRIORITIES •Commodities sector growth required for de-carbonization •Clean water key to •environmental protection •sustainability •permitting •social acceptability
Slide 21: Risks Elimination
RISKS ELIMINATION INVESTMENT HIGHLIGHTS •Management? - implemented new strategy and customer buy in - done •Technology? - Proven - commercially and at industrial scale - done •Ability of team to execute - 30 plants built worldwide, with new and established technologies - done •Customer Retention - b
Slide 22: Leadership
LEADERSHIP Peter Gleeson David Kratochvil PhD, PEng Heman Wong CPA, CGA Oscar López Executive Chairman President & CEO CFO GM, Latin America 30+ years in executive 20+ years in wastewater treatment 10+ years in private/public practice 20+ years in chemical and management and board advisory and chemi
Slide 23: Contact
CONTACT Peter Gleeson David Kratochvil Heman Wong Executive Chairman PhD, PEng CPA, CGA President & CEO CFO BQEWATER.COM PGLEESON@BQEWATER.COM