Bqe Water Inc · TSXV:BQE
Bqe Water — Investor Presentation (November 2025)
22 slides from Bqe Water's investor presentation, November 2025
Slide 1: Corporate Presentation 2025-26
Corporate Presentation 2025 -26
Slide 2: Forward Looking Statement
F O R W A R D L O O K IN G S T A T E M E N T Certain in form a tion c on ta in e d h e re in m a y n ot b e b a se d on h istoric a l fa c t a n d th e re fore c on stitu te s "forw a rd -look in g in form a tion " u n d er a p p lic a b le C a n a d ia n se c u ritie s le g isla tion . Th is in c l
Slide 3: Who Are We
W HO AR E W E BQE Water is using its portfolio of unique IP to g row re c u rrin g re ve n u e from c le a n w a te r p rod u c tion in th e M in in g a n d M e ta llu rg ic a l se c tors e n a b lin g re g u la tory c om p lia n c e , soc ia l a c c e p ta b ility, a n d su sta in a b ility in th e
Slide 4: BQE Water by Numbers
treatment plants designed and built globally tons of valuable metals recovered annually technologies commercialized since 2003 1,000+ tons of sodium cyanide recycled annually & BGE Water 20M m% of wastewater treated annually of projects waste residue eliminated or reduced
Slide 5: Expertise & Unique IP
E X P E R T IS E & U N IQ U E IP What makes us unique Project Diversification across IP Portfolio Cyanide CYANIDE SELENIUM destruction SART Selen-IX (Open Source) & DETOX SULPHAT Cyanide OUR METALS BioSulphide® & E recycling TE CH ChemSulphide® Sulf-IX
Slide 6: Water in Mining
W A T E R IN M IN IN G GOVERNMENT REGULATIONS 90% of Mineral Processing Uses Water heap leach failure at Eagle Mine Secure water supply needed Water recycle to reduce costs No water = no operations Permitting & Regulatory Compliance Decision making becoming Stricter limits, new contaminants increasi
Slide 7: Business Model Leading to Entrenched Solutions
IDENTIFYING SOLUTIONS TRUSTED ADVISOR B U S IN E S S M O D E L L E A D IN G TECHNICAL SERVICES TO ENTR ENCHED S O L U T IO N S TECHNICAL OPERATIONS INNOVATION DEVELOPING IMPLEMENTING NEW SOLUTIONS SOLUTIONS
Slide 8: Business Model Addressing All Market Segments
B USINE SS MOD E L A D D R E SSING A LL MA R K E T SE GME NTS M IN E S IN A C T IV E CLOSE D / LE GA CY DE V E LOP ME NT M IN E S M IN E S TIMEFRAME Permitting to Production Operating Life C losure Time Horizons 5 to 10 years Base metals: 20 years 20+ years Precious metals: 10 years Successful ~ 5 y
Slide 9: Typical Project Revenues
T Y P IC A L P R O J E C T R E V E N U E S $31M PER PROJECT* OVER 30 YRS *with contract renewals 60% DEV/PERMIT OPERATION CLOSURE of our current projects are sole sourced ~4M ~25M ~3M Over 7 years Over 15 years Over 5 years
Slide 10: Clients & Footprint
C L IE N T S & ESTABLISHED PRESENCE IN KEY MARKETS WORLDWIDE F O O T P R IN T Glencore Kinross Gold Agnico Eagle C odelco C enterra Gold US Power Jiangxi C opper Torex Gold Utility BQE Water offices and Freeport- South32 Trafigura commercial operations McMoRan C oeur C ameco US EPA Anglo Orano Ameri
Slide 11: Industry Recognition in Recent Years
IN D U S T R Y R E C O GN IT IO N IN R E C E N T Y E A R S Recognized Among Fastest David Kratochvil Growing BC Companies Honored with the Prestigious Clean50 The only water treatment company to grace the list of the Award for Clean Technology province's fastest-growing enterprises by BIV. Winner of
Slide 12: Recurring Revenue
R E V E NUE R E C U R R IN G R EV ENUES WHATMAKESUS PROFITABLE Q 4 20 25 USA Mine 67% NON-RECURRING REVENUE IS LEADING TO FUTURE SelenIX Operation Support RECURRING REVENUE Q 3 20 25 •Technical services required prior to arriving at water treatment plant MWT SART Operation Support operations Q 3 20
Slide 13: Year Trend
R E V E NUE 5 YEAR x6 x2 x4 x7 TREND RECURRING REVENUE TECHNICAL SERVICES REVENUE MARKET CAP WORKING CAPITAL
Slide 14: Performance Overview
P E R F O R M A N C E O V E R V IE W PROFITABILITY AND MARGIN TRENDS •General & Administrative Expenses (G&A) •G&A Supporting Revenue Generation Grows Much Slower than Revenue. •The company has reached the stage in its growth where further increases G&A will be very small.
Slide 15: Growth Over the Past 5 Years
GR OW TH ON THE P A ST 5 YE A R S C om pound Grow th C A G R (5 Y e a r s ) Proportional Revenue (Total) 13% Recurring Revenue (Operations) 42% Adjusted EBITDA 16% Net Income 33%
Slide 16: Catalysts for Step Change in Valuation
CATALYSTS FOR STE P C H A N GE IN V A L U A T IO N Why invest in BQE Water 1 Growing project pipeline 2 Consolidation in water and environmental services companies within the mining sector 3 Protection of value in an uncertain economic environment
Slide 17: Anticipated Consolidation in Mine Water Sector Catalyst
ANTICIPATED CONSOLIDATION IN MINE WATER SECTOR CATALYST MARKET CAP SMALL < $50 M LARGE > $10B GIANT WATER COMPANIES SUEZ- VEOLIA- $14B XYLEM- EVOQUA- $23B SOURCE OF GAP ·Large players in water are focused on the municipal sector, which is a much larger market than mining. PRIVATE SMALL SPECIALIZED ·
Slide 18: Protection of Value Basis
P R O T E C T IO N O F V A L U E B A S IS • Proven commercial strategy • Unique disruptive technologies proven on industrial scale • 33% of revenue is recurring linked to clean water production unimpacted by economic cycles • In-house capabilities to continue slow and steady growth • Business aligne
Slide 19: Recent M&A – Aquatic Toxicology Services
R e c e n t M & A – A q u a t ic T o x ic o lo g y S e r v ic e s • All mine water discharges must be non -toxic • M&A enables BQE Water to guarantee non-toxic effluent – the first and only company to offer such guarantee • M&A provides new entry points into mining projects in early development stag
Slide 20: Risks Elimination
R IS K S E L IM IN A T IO N INVESTMENTHIGHLIGHTS •Management? - implemented new strategy and customer buy in – done •Technology? - Proven - commercially and at industrial scale - done •Ability of team to execute - 30 plants built worldwide, with new and established technologies – done •Customer Rete
Slide 21: Leadership
L E A D E R S H IP Peter Gleeson David Kratochvil PhD, PEng Heman Wong CPA, CGA Oscar López Executive Chairman President & CEO CFO GM, Latin America 30+ years in executive 20+ years in wastewater treatment 10+ years in private/public practice 20+ years in chemical and management and board advisory a
Slide 22: Contact
CONTACT BQEWATER.COM PGLEESON@BQEWATER.COM