Enwave Corporation · TSXV:ENW
Enwave — Investor Presentation (June 2025)
23 slides from Enwave's investor presentation, June 2025
Slide 1: Innovative Technology. Scalable Business. Diversified Royalties.
Innovative Technology. Scalable Business. Diversified Royalties. Corporate Presentation June 2025 TSX-V:ENW
Slide 2: Disclaimer
Disclaimer TSX-V: ENW | www.enwave.net 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 opera
Slide 3: Corporate Profile
Corporate Profile TSX-V: ENW | www.enwave.net • EnWave is the global leader in the innovation Capital Structure (June 17, 2025) and application of vacuum microwave Ticker Symbol ENW dehydration, also known as REV , a superior, Last Price $0.39 consistent, scalable and proven way to dry organic mater
Slide 4: Our Goals
Our Goals TSX-V: ENW | www.enwave.net • Propagate REV technology to create a highly diversified portfolio of royalties from a world-wide assortment of producers, products and nations. • Manufacture and sell REV machines at a healthy margin, paired with a long-life royalty agreement. • Generate enoug
Slide 5: 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 76% of EnWave’s Source of perpetual Toll drying enables food total revenue in FY24. cash royalties for the life of companies to launch REV- Includes
Slide 6: 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 $2,500,000 $2,101,000 $1,961,000
Slide 7: 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 2,549 2,500 2,371 13.7% CAGR 2,083 1,993 2,000 1,523 1,500 1,000 500 0 FY2020 FY2021 FY2022 FY2023 FY2024 Source: EnWave
Slide 8: Expansive & Scalable Business Model
Expansive & Scalable Business Model TSX-V: ENW | www.enwave.net …Generates… …Creating… REV Machine Incremental Robust EBITDA Sales Capacity Royalty Revenues Potential Natural Scalability Recurring & Stable Margin Growth Compact production footprint Smoothens quarter-over- Driven by high-margin royal
Slide 9: Our Global Platform: 50+ Blue-Chip Partners Across 25+ Countries
Our Global Platform: 50+ Blue-Chip Partners Across 25+ Countries TSX-V: ENW | www.enwave.net 7
Slide 10: Our Partners
Our Partners Spanning 24 countries and five continents, EnWave’s licensed partners create profitable snacks and ingredients with the company’s patented technology. 19
Slide 11: A Large and Growing Market Supported by Positive Trends
A Large and Growing Market Supported by Positive Trends TSX-V: ENW | www.enwave.net Increased Consumer Health Awareness & Snacking • REV -dried products retain more nutrients and have superior taste than traditional freeze-drying methods • 90% of consumers are snacking at least once a day, 60% twice
Slide 12: Recent Wins
Recent Wins TSX-V: ENW | www.enwave.net • June 11, 2025 – Signs License Amendment with Procescir to expand product portfolio, sells auxiliary REV equipment • May 20, 2025 – Signed license amendment with Creations Foods to include Pet Treats • April 29, 2025 – Received major milestone payment from Pr
Slide 13: Transformational Technology: EnWave's Patented REV Technology
Transformational Technology TSX-V: ENW | www.enwave.net EnWave’s Patented REV Technology Microwaves heat water molecules uniformly from within vs from outside-in with traditional methods REV stands for “Radiant Energy Vacuum” It’s our own patented process of vacuum microwave drying that dehydrates
Slide 14: Chasing Opportunity While Solving The Problem
Chasing Opportunity While Solving The Problem TSX-V: ENW | www.enwave.net Commercial drying is integral to food, cannabis, and pharmaceutical production, but the traditional methods of freeze-drying, air drying and other incumbents aren’t enough to meet industry needs. • There’s no room for innovati
Slide 15: 9+ Ways REV Technology Wins
9+ Ways REV Technology Wins TSX-V: ENW | www.enwave.net Dry better, faster. Opportunity for Higher Quality More Control and Reduced Footprint Fast, Gentle Drying Innovation Products Consistency Never-before-seen Better nutrition, taste, Precise, volumetric, Up to 30% less About 5x faster than produc
Slide 16: Where REV Fits in The Global Market
Where REV Fits in The Global Market TSX-V: ENW | www.enwave.net Core Markets Adjacent Markets • Nutritious powders Fruits • Chewy bites & Veg • Crunchy snacks 17 • Superior taste/colour • Preserves taste, Smoked • Plant-based jerkies smell, appearanc e and flower • Shelfable, snackable Dairy cheese
Slide 17: Why Do Customers Choose EnWave?
Why Do Customers Choose EnWave? TSX-V: ENW | www.enwave.net EnWave is the global leader in the innovation and application of vacuum microwave dehydration, and the creator of REV technology. Since 2009, it has been our mission to partner with food and cannabis companies who are looking for a reliable
Slide 18: 3 Step Sales Process
3 Step Sales Process TSX-V: ENW | www.enwave.net 1 Collaborative R&D 2 License & Rollout 3 Royalties & Support Prospects visit our facility and REV machines (usually larger- Active REV units begin work with our team of experts scale units) are sold with a generating royalties while we to explore the
Slide 19: REV Machines
REVTM Machines TSX-V: ENW | www.enwave.net 10kW REV System 60kW REV System 120kW REV System Freq: 2450 mHz Freq: 2450 mHz Freq: 2450 mHz Vacuum: 12-300 Torr Vacuum: 25-300 Torr Vacuum: 23-300 Torr Size: 7.9 x 5.8 ft Size: 38.3 x 12.5 ft Size: 55.7 x 14.8 ft (2.4 x 1.8 m) (12.2 x 4.6 m) (16.6 x 4.6 m
Slide 20: Fully-Funded to Advance 2025 Global Sales Growth Pillars
Fully-Funded to Advance 2025 Global Sales Growth Pillars TSX-V: ENW | www.enwave.net Up to $5M of Non-Dilutive Financing Secured to Drive Enhanced Global Sales Strategy Led by New VP Global Sales and Business Development & European Hire, and Provide Machine Leasing Capabilities 1. Onboarded New Sale
Slide 21: Investment Highlights
Investment Highlights TSX-V: ENW | www.enwave.net Innovative Competitive Large, Diverse & Blue-Chip Platform Technology Advantages Growing Market & Customers Solution to a Problem, First-Mover, 18 Patents, $9B annual machine 50+ Established Brands Superior Outcomes, Blue-Chip References TAM and $200
Slide 22: Management
Management TSX-V: ENW | www.enwave.net Brent Charleton, President & CEO • Accomplished leader with expertise in finance, business development, and capital Mehmet Sucu, Chief Engineer markets • A registered Professional Engineer with EGBC who has been with EnWave since 2011 • Demonstrated ability to
Slide 23: Board of Directors
Board of Directors TSX-V: ENW | www.enwave.net John P.A. Budreski, Executive Chairman • 30+ years of extensive capital markets • Executive experience including roles at Brent Charleton, President & CEO Scotia Capital, Cormark Securities and • Accomplished leader with expertise in multiple advisory a