Enwave Corporation · TSXV:ENW
Enwave — Shareholder Meeting (March 2026)
14 slides from Enwave's shareholder meeting presentation, Mar 26, 2026
Slide 1: Annual General and Special Meeting of Shareholders
Annual General and Special Meeting of Shareholders March 26th, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information based on management’s expectations, estimates and projections about the future, including statements about EnWave’s strategy for growth, product development, market position, expected expenditures and operational & financial results.
Slide 3: FY 2025 Summary
FY 2025 Summary Enhanced Sales Strategy Yielded Uptick in Machine Sales • Significant pipeline built, converted 4 large-scale, 8 small scale REV machine sales. • Attended eight major international food technology tradeshows. Completed $3M LIFE Offering to Build Inventory • Successfully raised $3M to
Slide 4: Unique Technology, Unique Business Model: 3 Paths to Profit
Unique Technology, Unique Business Model: 3 Paths to Profit TSX-V: ENW | www.enwave.net 1 Sales & Rentals 2 REV Royalties 3 Toll Drying Service Made up 82% of EnWave’s Source of perpetual Toll drying enables food total revenue in FY25. cash royalties for the life of companies to launch REV- Includes
Slide 5: Growing Stream of Recurring Revenue from REV Royalties
Growing Stream of Recurring Revenue from REVTM Royalties TSX-V: ENW | www.enwave.net Key Royalty Growth Drivers • Sales of new REV machines • Commissioning of previously signed Commercial License Agreements • Increased customer utilization of outstanding REV machines $2.5M Base Royalty CAGR: 25.5% $
Slide 6: Steadily Growing Base of Deployed REV Machines
Steadily Growing Base of Deployed REVTM Machines TSX-V: ENW | www.enwave.net • Installed kW capacity is a key driver of royalty generation in addition to machine utilization 3,000 2,686 12.0% 2,549 2,500 2,371 CAGR 2,083 1,993 2,000 1,523 1,500 1,000 500 0 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 S
Slide 7: Slow Start in FY26, Many Opportunities in Back Half
Slow Start in FY26, Many Opportunities in Back Half • Several prospective machine sales in our pipeline were pushed to second half FY26. • Increased inventory levels with the build out of REV machine inventory. • Increasing product commercialization success by licensed royalty partners leading to ac
Slide 8: Royalty Partner Highlights
Royalty Partner Highlights () ENWAVeE
Slide 9: BranchOut Food
BranchOut Food Significant growth in past 12 months. Will have four large-scale REV machines in operation in FY26. Major distribution wins in Costco, Walmart, etc. Plan to launch new SKUs in coming quarters. Guidance of US$15-20M in revenue for FY26.
Slide 10: Microdried
Microdried Largest royalty partner with 5 large-scale REV machines (3 in Nampa, Idaho for fruit and vegetable ingredients, 2 in Washington State for dairy snack and ingredient production). Major business to business clients, with significant growth prospects in FY26. Portfolio of more than 20 REV-dr
Slide 11: Calbee
Calbee These crispy apple cubes are made using 100% fruit with no added sugar. Calbee has dubbed their REV-dried products “Neo- Dry”. Planned portfolio expansion in FY26 with upcoming meeting to discuss potential drying capacity expansion.
Slide 12: Dairy Concepts Ireland
Dairy Concepts Ireland The best of Irish cheese, gently dried to create deliciously crunchy puffed cheese bites. High protein, high calcium, gluten free & low carb. Running 5 10kW units currently with plan to upgrade to a large- scale REV unit in FY27. Recent big distribution wins with Marks & Spenc
Slide 13: Investment Highlights
Investment Highlights Innovative Competitive Large, Diverse & Technology Advantages Growing Market Solution to a First-Mover, $9B annual machine Problem, 18 Patents, Blue- TAM and $200B+ Superior Outcomes, Chip References and annual royalty TAM Energy Efficient Customer Base Blue-Chip Platform Highl
Slide 14: EnWave Corporation
EnWave Corporation 1668 Derwent Way Delta, BC V3M 6R9 Canada Brent Charleton CEO bcharleton@enwave.net