Slide 1: Q2 2026 Results
Q2 2026 Results Sustainable Water Solutions Investor Presentation July 31, 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: Q2 Financial Update
Q2 FINANCIAL UPDATE 3
Slide 4: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights All numbers subject to audit • Revenue - H1 2026 Revenue $37.6M – up 14.7% on H1 2025. Financial Summary (FY2022-25) (1)(2) - SPS plus Recurring revenue increased 34.7% year on year. (US$ millions) $116M • EBITDA - H1 2026 EBITDA1 of $3.4M – best H1 in more than 5 years.
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: • Va
Slide 7: Q2 2026 New Order Booking and Backlog
Q2 2026 New Order Booking and Backlog Despite lower orders in Q1 2026, the strong growth trend remains intact TTM New Order Booking • Q2 and H1 2026 new orders of $16.1M and $23.6M, $65.3 (US$ millions) $64.2 respectively, representing increases of 53.9% and 5.0% $59.6 • Q2 Highlighted by large, str
Slide 8: Key Recent Orders
Key Recent Orders The Company secured several notable new orders in Q2 and July 2026, including: • Confidential Steel Company (USA): $3.7M WTP; • IVC 2025 O&M fees: $3.5M for maintenance services provided in FY2025; • SWater (Vietnam): SWRO with MMF desal plant (confidential price); • 2 x EGA orders
Slide 9: Fluence's Strategic Transition - Revenue Segmentation
Fluence’s Strategic Transition - Revenue Segmentation The Company is a diversified, profitable, pure-play water platform with demonstrated growth – a rare combination Medium-Term GEOGRAPHY 2022 TTM Q2 2026 Targets 12% Others • Increased geographic diversification 34% 10% • Significant growth in Sout
Slide 10: Future Growth Drivers
Future Growth Drivers The water and wastewater treatment market is highly fragmented, offering organic growth opportunities for Fluence across its global footprint utilizing its uniquely broad product portfolio as well as selectively using M&A as a growth lever MUNICIPAL WATER INDUSTRIAL INDUSTRIAL
Slide 11: High-Margin Revenue Growth to Deliver EBITDA Expansion
High-Margin Revenue Growth to Deliver EBITDA Expansion As SPS and Recurring Revenue increase across core business units, profitability is expected to quickly increase (US$ millions) ($ in millions) Revenue (1) Gross Margin SPS plus RR has grown by more than 50% in the past 3 years GM’s expected to g
Slide 12: World Class Management Team
World Class Management Team Management has significant experience in water and wastewater treatment leading to multiple successful exits BEN FASH OZZIE LLANES RICK CISTERNA SPENCER SMITH JEREMY DAYMENT CEO & Managing Director Chief Financial Officer Chief Growth Officer Chief Talent & Legal Officer
Slide 13: Corporate Update
Corporate Update • In July 2026, the Company reached an agreement to extend the US$20M Revolving Credit Facility for an additional 12 months through 31 July 2027. • Substantially the same commercial terms as the existing facility. Fluence Extends • The interest rate will continue to be variable and
Slide 14: 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, 1 Focus shifting to growth Fluence is no
Slide 15: Appendix: Company Overview
APPENDIX: COMPANY OVERVIEW 15
Slide 16: 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 DOUG BROWN BEN FASH PAUL DONNELLY MEL ASHTON NIKOLAUS OLDENDORFF Chairman CEO & Managing Director Non-Executive Director Non-Executive Director Non-
Slide 17: 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 18: 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 18 18
Slide 19: 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 20: 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 21: 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 Modular design, flexibility on flow ranges, high Municipal Wastewater purity solutions United States C
Slide 22: 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 On-site sewage SUBRE Upgrade treatment Retrofit using Air is supplied to a spirally MABR wound, s
Slide 23: 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 Milk processing Nutrient removal, W2E Fish processing Nutrient removal, W2E Sweet, fruit processing, others WW treatment , W2E Competitive Advantages
Slide 24: 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 Power Demi Water Lithium Mining Water Industrial Reuse Water use ratio Competitive Advantages Competitors • Innovative process design knowledge for a
Slide 25: 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 Municipal Wastewater Saving energy South Korea Industrial Water High-quality pure water supply Hong Kong Low-energy
Slide 26: www.fluencecorp.com
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 26