Consolidated Water Co. Ltd. · NASDAQ:CWCO
Consolidated Water — Q1 2026 Earnings Presentation
30 slides from Consolidated Water's earnings presentation, May 12, 2026
Slide 1: Corporate Presentation March 2026
Nasdaq Global Select: CWCO Corporate Presentation March 2026
Slide 2: Important Cautions Regarding Forward-Looking Statements
Important Cautions Regarding Forward-Looking Statements This presentation includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursua
Slide 3: Key Stats (NASDAQ GS: CWCO)
Key Stats (NASDAQ GS: CWCO) NasdaqGS: CWCO Stock Price (3/17/26) $31.35 Total Revenue ttm $132.1M Revenue $millions 52 Week Low-High $22.69 - $39.12 Gross Profit ttm $48.4M Manufacturing Avg. Vol. (3-mo.) 84.0K Net Income ttm $18.3M Services Total revenue declined due to two large Bulk construction
Slide 4: Overview
Overview 50 Years’ Experience Water Treatment Pursuing Organic & Developing, Constructing Equipment Manufacturing Acquisitive Growth Strategies & Operating for Industrial & Municipal in Favorable Markets, Water Production, Treatment & Clients U.S. & Internationally Distribution Infrastructure 4
Slide 5: We Deliver Our Water Product & Services Across Four Business Segments
Trailing 12-Month Segment Revenue & Percent of Total Revenue We Deliver Our Water Product & Services Bulk Water $33.5M Across Four Business 25.4% Segments Manufacturing • Services Retail Water $18.7M 14.2% • Retail Water $33.6M 25.4% Segment TTM • Bulk Water Revenue • Manufacturing Services $46.3M 3
Slide 6: We Provide These Products & Services Through Our U.S. & International Locations
We Provide These Products & Services Through Our U.S. & International Locations NasdaqGS: CWCO Southwest US 97 Facilities Across Southwest U.S. Hawaii Ft. Pierce, Florida 1.7M gal./day Desal Plant Manufacturing Facility Under Construction The Bahamas Two Desal Plants, 14.8M gal./day Headquarters Two
Slide 7: Services Segment – Our Four Primary Services
Services Segment – Our Four Primary Services NasdaqGS: CWCO Design Build Operate Maintain Turn-key solutions for areas 50 years of experience: We operate desalination Our professional maintenance with limited fresh water supply. facilities, water distribution services and state-of-the-art Building w
Slide 8: Services Segment – U.S.
Services Segment – U.S. NasdaqGS: CWCO • In the U.S., we provide our water services (design, build, operate & maintain) through our U.S. subsidiaries: • PERC Water • Ramey Environmental Compliance (REC) 3x 100+ • Strong Southwest U.S. presence where water shortages are REC Helps Municipalities & Awa
Slide 9: Innovative, Award-Winning Designs
Innovative, Award-Winning Designs NasdaqGS: CWCO Our Specialized, Award-Winning Design Approach • Aesthetically-pleasing, natural architecture. • Small footprint with underground tanks that use 70% less land. • State-of-the-art automation and controls with remote monitoring. • Easy access for mainte
Slide 10: $204 Million Seawater Desalination Project in Hawaii
Major U.S. Services Win Underway $204 Million Seawater Desalination Project in Hawaii NasdaqGS: CWCO Contract to Design, Build, Operate & Maintain New Seawater Reverse Osmosis Desalination Plant in O’ahu, Hawaii1 ~ $204M 1.7M Total Revenue Gallons of Daily Potable Expected Over ~24- Water Capacity Y
Slide 11: $15.6M in Water Treatment Plant Construction Projects
Recent Major U.S. Services Project Wins $15.6M in Water Treatment Plant Construction Projects NasdaqGS: CWCO Drinking Water Plant Expansion Wastewater Recycling Plant Lochbuie, Colorado San Francisco, California Q3 2025: Awarded a drinking water plant expansion project Q3 2025: Secured contract to c
Slide 12: Retail Water Segment – Water Utility
Retail Water Segment – Water Utility NasdaqGS: CWCO Exclusive Water Utility License with Cayman Islands Government Serving Two of the Three Most Populated & Rapidly Developing Areas on Grand Cayman Island 8,717 2 Million Residential, Commercial Tourist Visiting Per Year & Government Utility Customer
Slide 13: Bulk Water Segment – Supplying Municipal Utilities
Bulk Water Segment – Supplying Municipal Utilities NasdaqGS: CWCO Our Bulk Water Segment Supplies Potable Water to Third-Party Water Utilities Water & Sewage Authority of the Bahamas Long-Term Government Contracts With Inflationary Hedges Provide Reliable Cash Flows & Earnings ~21.4 Million Gallons
Slide 14: Manufacturing Segment – Specialized Equipment
Manufacturing Segment – Specialized Equipment NasdaqGS: CWCO • Water treatment equipment manufacturer for municipal water treatment and industrial water/wastewater treatment companies and utilities. • Highly Specialized manufacturing expertise (exotic metals and nuclear quality assurance ASME NQA-1
Slide 15: Global Water Opportunity
Global Water Opportunity NasdaqGS: CWCO • Market for water recycling and reuse technologies Global Wastewater Recycling & Reuse growing at 9.5% CAGR to reach $31.8 billion by 2032.1 Technologies Market $billions • Wastewater market drivers: • Increasing water scarcity. • Expanding global population.
Slide 16: U.S. Desalination Market Opportunity
U.S. Desalination Market Opportunity NasdaqGS: CWCO U.S. desalination market growing at 7.9% CAGR to U.S. Desalination Market Outlook 1 $5.2 billion by 2032.1 $billions Key Market Drivers2 • U.S. scarcity of freshwater reserves coupled with rising $5.2B demand for water in CA, FL and TX. CAGR 7.9% •
Slide 17: Financial Performance
Financial Performance NasdaqGS: CWCO Revenue O&M Revenue Gross Profit Net Income $Millions $Millions $Millions $Millions Manufacturing Manufacturing Services Total revenue declined due to two large Services Dividend Yield @ 1.8% Bulk Bulk construction projects Retail $180.2 underway in 2023 and Reta
Slide 18: Acquisition Strategy
Acquisition Strategy NasdaqGS: CWCO • Follow same successful approach with previous transactions (Aerex, PERC & REC). Strong Balance Sheet Supports Our M&A Strategy $millions • Utilize our ample cash on hand and leverage our strong balance sheet. $222 $210 • Primary targets: $187 • Existing water tr
Slide 19: Future Growth Drivers
Future Growth Drivers NasdaqGS: CWCO • New $204M design-build-operate project in Hawaii currently underway. • Growing demand for water in our exclusive utility service area in Grand Cayman. • New design, build, own, operate (DBOO) projects, such as the desalination plants on Cat Island in the Bahama
Slide 20: Why Consolidated Water?
Why Consolidated Water? NasdaqGS: CWCO Annual Revenue Growth • 50+ years of proven development, operating and M&A expertise. Manufacturing Total revenue declined Services due to two large • Long-term contracts provide recurring revenue stream construction projects Bulk with margin protection. $180.2
Slide 21: Contact Us
Contact Us NasdaqGS: CWCO U.S. Office: Investor Relations: Aquilex, Inc. Ron Both or Grant Stude 5810 Coral Ridge Drive Encore Investor Relations Suite 220 Tel 949-432-7450 Coral Springs, FL 33076 CWCO@encore-ir.com Tel 954-509-8200 Corporate HQ: Consolidated Water Co. Ltd. Regatta Office Park Windw
Slide 22: Appendix
Appendix 22
Slide 23: Executive Management Team
Executive Management Team NasdaqGS: CWCO Frederick W. McTaggart David W. Sasnett Ramjeet Jerrybandan Armando Averhoff Douglas R. Vizzini President, CEO and Director EVP & Chief Financial Officer EVP & COO VP of IT VP of Finance Director of the company since 1998. Executive Vice President and Chief J
Slide 24: REC Acquisition
Services M&A Case Study REC Acquisition NasdaqGS: CWCO Acquired Nov. 2023, REC provides a new channel to expand our existing U.S. footprint into additional water-stressed regions across Colorado. • Presence: Services 100+ water & wastewater treatment customers throughout Rocky Mountains & Eastern Pl
Slide 25: $82M Wastewater Treatment Facility in Arizona
Major PERC Design & Construction Win $82M Wastewater Treatment Facility in Arizona NasdaqGS: CWCO • May 12, 2022: Contract to construct and commission a 4 million GPD wastewater treatment facility for Liberty Utilities in Goodyear, Arizona. • Construction & commissioning fee: $82M. • Recognized reve
Slide 26: $20M Desalination Plant Project in Cayman Islands
Consolidated Water Design, Build, Operate & Maintain Case Study $20M Desalination Plant Project in Cayman Islands NasdaqGS: CWCO • Contracted by Water Authority of the Cayman Islands to design, build & operate seawater reverse osmosis plant in George Town, Grand Cayman (May 2023). • Operate & mainta
Slide 27: Two Contracts to Operate Water Facilities
PERC Major Operation Wins Two Contracts to Operate Water Facilities NasdaqGS: CWCO Edwards Air Force Base City of Avalon Wastewater Treatment System Kern County, California Catalina Island, California Project: Operate wastewater treatment plant. Project: Operate water treatment plant, collection sys
Slide 28: Two Advanced Water Treatment Facilities in SoCal
PERC Design, Construction & Operation Case Study Two Advanced Water Treatment Facilities in SoCal NasdaqGS: CWCO Expanded Agreement for Two Advanced Water Treatment Facilities • Client: Water Replenishment District of Southern California. • Contract began in 2023 & continues for 10 years with two cl
Slide 29: Our Desalination Technology: How it Works
Water Services Our Desalination Technology: How it Works NasdaqGS: CWCO Reverse Osmosis Process Semi-permeable membrane breaks connection between salt & water molecules. Potable Water Intake Stored Pretreatment Water sourced directly from the Filtered to remove Desalination suspended Water pumped th
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet December 31, 2025 2024 ASSETS Current assets Cash and cash equivalents $ 123,788,390 $ 99,350,121 Accounts receivable, net 32,768,537 39,580,982 Inventory 3,736,845 8,960,350 Prepaid expenses and other current assets 5,927,675 5,112,183 Contract assets 3,290,815 4,470,243