Cvw Sustainable Royalties Inc. · TSXV:CVW
Cvw Sustainable Royalties — CVW CleanTech — Investor Presentation (July 2025)
36 slides from Cvw Sustainable Royalties's investor presentation, July 2025
Slide 1: Creating Value from Waste
TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 Creating Value from Waste The Leading Platform for Diversified Clean Technology Royalty Investments I N V E S T O R P R E S E N TAT I O N J U LY 2 0 2 5 TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 1
Slide 2: Disclaimer
Disclaimer The information provided in this presentation is provided as of June 27, 2025, for informational purposes only, is not complete, and may The securities described in this presentation have not been and will not be registered under the United States Securities Act of 1933, as not contain ce
Slide 3: Creating a Leading Cleantech Royalty Platform
Creating a Leading Cleantech Royalty Platform Expected Opportunity in $3.3T+ Cleantech Market Growing Exponentially1 Macro Strong Regulatory Environment Driving Innovation Tailwinds Provides the Right Timing for the Strategy Funding Gap for Capital Intensive Cleantech in the Commodity Sectors Proven
Slide 4: Corporate Profile: Capital Structure & Shareholder Breakdown
Corporate Profile CAPITAL STRUCTURE & SHAREHOLDER BREAKDOWN TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 June 27, 2025 Shares Outstanding 145.4M SHARE PRICE PERFORMANCE Equity Awards 12.7M Warrants 11.3M $2.00 2 4.0 Fully Diluted Shares Outstanding 169.4M 1 5 Share Price $0.96 $1.50 4 6 3.0 Cash Balance (A
Slide 5: Dual Prong Approach to Value Creation with Significant Optionality
Dual Prong Approach to Value Creation with Significant Optionality Tier 1 Royalty Opportunity on CVW Proprietary Diversified Exposure to Clean Technology Companies Technology through Royalty Structure Creating Value from Waste ("CVW ”) technology is ready-to-deploy Building a portfolio of royalty-ba
Slide 6: Macro Tailwinds
Macro Tailwinds TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 6
Slide 7: Macro Tailwinds Behind Clean Technology Deployment
Macro Tailwinds Behind Clean Technology Deployment Macroeconomic tailwinds driving innovation, leading to an opportunity rich environment Trillions of USD Clean energy 2.0 Over 140 countries have committed to be net-zero by 20501 which will GLOBAL SPENDING ON THE investments transform the global eco
Slide 8: Capital Flows are Increasingly Rewarding Sustainability
Capital Flows are Increasingly Rewarding Sustainability INCREASING INVESTOR FOCUS ON ESG Significant human and financial capital ~US$3.3 trillion in 20241 $40 $33.9 flowing to research and development Total Cleantech Market Funding Flows in 2024 $30 efforts leading to more innovation AUM (US$ Trilli
Slide 9: Cleantech Plays a Key Role in Resilient Regional Supply Chains
Cleantech Plays a Key Role in Resilient Cleantech innovation drives a resilient local circular economy and reduces reliance on foreign resources. Regional Supply Chains Resource Extraction Manufacturer Geopolitical Risk & Global Trade Residual Waste 1.0 5.0 Geopolitical risk Increased is now the top
Slide 10: Commodity Sectors are Critical for the Transition
Commodity Sectors are Critical for the Transition Hydrocarbons Metals and Materials Agriculture PROJECTED GLOBAL ENERGY MIX PROJECTED DEMAND FOR METALS & FOOD SECURITY MATERIALS 200 5% Tons (millions) 9% 56% 5% more food 160 required to meet the 2023 56% minimum needs of the 25% 120 population in 20
Slide 11: Royalty Strategy
Royalty Strategy TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 11
Slide 12: Investment Focus Areas – Sectors
Investment Focus Areas – Sectors CVW CleanTech will focus on opportunities and projects at the intersection of clean technology and commodities 1 Underlying revenue based on production of commodity or commodity-like product • Lower emission oil and gas production Technology focused on enhancing the
Slide 13: Investment Criteria
Investment Criteria CVW CleanTech targets developed markets and prioritizes opportunities based on certain characteristics Current Target Deal Sizes in the $10-50M Life of Asset Range Exposure Commodity- with Long- like Revenue Term Alignment Opportunity Projects and to Partner on Technologies Futur
Slide 14: Investment Focus Areas – Company Stage
Investment Focus Areas – Company Stage Key Criteria to Reduce Technology Risk • Detailed technical due Commercially deployed diligence by in house Earlier stage technologies Existing technologies with technical team alongside exceeding the desired risk profile Financing Gap access to lower cost of 3
Slide 15: Why Royalties?
Why Royalties? TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 15
Slide 16: Royalty Companies – Attractive for Investors
Royalty Companies – Attractive for Investors Operators versus Royalty Companies Royalty model provides investors with an efficient way to access an industry 2026E Earnings Multiple1 thematic while providing diversification and lower risk GOLD 22.8x TRADITIONAL CLEAN MINING TECHNOLOGY AND/OR 7.3x OPE
Slide 17: Effective Funding Solution for Clean Technology Companies
Effective Funding Solution for Clean Technology Companies Key Advantages for Operators Illustrative Use of Proceeds Retain Equity Upside Project / Asset Development Capital Flexible Structure and Competitive Cost of Capital Acquisition Capital Alignment and Focus on Growth Recapitalizations No Refin
Slide 18: Our Portfolio
Our Portfolio TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 18
Slide 19: Northstar Clean Technologies Commercial Facility
ASSET Northstar Clean Technologies Commercial Facility Operations Overview1 CALGARY, ALBERTA TRADITIONAL PRODUCTION/ LANDFILL DISPOSAL • Proprietary process for taking discarded asphalt shingles, Facility Details otherwise destined for over-crowded landfills, and extracting TONNES the liquid asphalt
Slide 20: Northstar Clean Technologies
ASSET Northstar Clean Technologies Northstar Clean Technologies Inc. is a Canadian-based clean technology company, focused on the sustainable recovery and reprocessing of asphalt shingles Developed a proprietary process to recover liquid asphalt (bitumen), aggregate, and fiber from waste and Pilot f
Slide 21: Northstar Clean Technologies
ASSET Northstar Clean Technologies CVW CleanTech has a revenue royalty on Northstar’s next two facilities REVENUE PER COMMODITY1 • Base-case includes a single operating shift with the ability to increase output by adding additional labour 3% Significant • Opportunity for Northstar to monetize carbon
Slide 22: CVW Proprietary Technology
ASSET CVW Proprietary Technology Operations Overview A CVW project offers significant economic, environmental, and operational benefits1: ECONOMIC BENEFITS ENVIRONMENTAL BENEFITS OPERATIONAL BENEFITS Bitumen: ~1.9 MMbbl CO2e Emissions Eliminates Use of Tailings Ponds Abatement: ~380+ kT for Froth Tr
Slide 23: CVW Proprietary Technology
ASSET CVW Proprietary Technology CVW CleanTech has invested over $100M and 20 years to advance its CVW proprietary technology to a state of commercial readiness CVW CleanTech has multiple project development options: CVW EcoBase1 CVW EcoFlex1 CVW EcoMax1 • Development of CVW has been Hydrocarbon Pha
Slide 24: CVW Proprietary Technology
ASSET CVW Proprietary Technology Asset Overview CVW FREE CASH FLOW REVENUE PER COMMODITY $314 $303 $297 $288 (100% BASIS) $264 $254 $250 • Prioritizing a CVW EcoBase 16% deployment under a joint venture structure with an oil sands mining operator to reduce upfront capital cost EcoBase 55% 29% and ri
Slide 25: CVW Proprietary Technology
ASSET CVW Proprietary Technology CVW CleanTech continues to aggressively pursue the implementation of its ready-to-deploy proprietary technology CVW CleanTech continues to build relationships with the oil sands mining operators with the goal of signing a partnership agreement. The Company continues
Slide 26: Opportunities for Growth
Opportunities for Growth TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 26
Slide 27: Robust Acquisition Pipeline to Expand Royalty Portfolio
Robust Acquisition Pipeline to Expand Royalty Portfolio Opportunity pipeline with over $575M of transaction value, with another 60+ opportunities in evaluation ROYALTY PRIMARY/ APPROXIMATE OPPORTUNITY SECONDARY SECTOR FOCUS UNDERLYING COMMODITY EXPOSURE GEOGRAPHY INVESTMENT SIZE DEAL STAGE 1 Primary
Slide 28: Experienced Leadership Team
Experienced Leadership Team Opportunity to partner with proven company builders, with significant royalty and commodity experience Akshay Dubey Darren Morcombe Pierre Lassonde CEO & DIRECTOR CHAIRMAN SPECIAL ADVISOR & SHAREHOLDER 14+ years of experience originating and structuring 30+ years of inter
Slide 29: Summary
Summary Strong Macro Tailwinds Diversification • Scalable within the cleantech space, providing investors • Global cleantech funding flows in 2024 exceeded ~$3.3 exposure to multiple technologies and geographies trillion1 • Management team with technical skill set and network to • Ability to capital
Slide 30: www.cvwcleantech.com
CVW CleanTech Inc. Suite 305, 505 – 8th Ave. SW, Calgary, Alberta, Canada T2P 1G2 Akshay Dubey Joshua Grant CHIEF EXECUTIVE OFFICER AND DIRECTOR CHIEF FINANCIAL OFFICER Tel: 403-460-8135 Tel: 403-460-8135 Akshay.Dubey@CVWcleantech.com Joshua.Grant@CVWcleantech.com www.cvwcleantech.com TSX-V: CVW | O
Slide 31: Appendix
Appendix TSX-V: CVW | OTCQX: CVWFF | FSE: TMD0 31
Slide 32: Commodities Critical to the Green Transition
Commodities Critical to the Green Transition • Commodities required for clean energy technologies and GLOBAL MINERALS SHORTAGE FOR CLEAN ENERGY TECHNOLOGIES otherwise are expected to be in significant shortage over both the Several materials critical for the energy transition will see severe shortag
Slide 33: Reduction in Carbon Intensity of Hydrocarbons Essential to Achieve Net Zero
Reduction in Carbon Intensity of Hydrocarbons Essential to Achieve Net Zero IEA WORLD OIL OUTLOOK As of mid-2024, the IEA sees stated policies resulting in a slight • In 2023, the per capita oil consumption of developed nations was reduction to oil consumption, with larger decreases possible between
Slide 34: Agricultural Innovation and Waste Diversion Necessary to Support Humanity
Agricultural Innovation and Waste Diversion Necessary to Support Humanity As global temperatures rise and extreme weather events become more frequent, ensuring food security for a growing population is arguably the most critical challenge we face 56% more food needed to feed the Growing production o
Slide 35: Board of Directors
Board of Directors Darren Morcombe Jennifer Kaufield Bruce Griffin CHAIRMAN DIRECTOR DIRECTOR • Founder of Springtide Capital Pty. Ltd., a private investment • Independent businesswoman with over 30 years of experience • Currently serves as the Executive Chairman of Sheffield company specializing in
Slide 36: Management Team
Management Team Akshay Dubey Joshua Grant Kevin Moran Mathew Ullattikulam CEO AND DIRECTOR CFO AND CORPORATE SECRETARY EVP AND CHIEF TECHNOLOGY OFFICER VP, CORPORATE DEVELOPMENT • Joined CVW CleanTech in September • Has over 16 years of experience in • Extensive oil sands industry • Extensive experi