EnWave Corporation · TSXV:ENW
EnWave — Investor Presentation (February 2023)
23 slides from EnWave's investor presentation, Feb 14, 2023
Slide 1: Corporate Presentation February 2023
Corporate Presentation February 2023 Global Leader in Vacuum Microwave Dehydration Technology ENWAVE.NET
Slide 2: Disclaimer
Disclaimer 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 operational & financial results.
Slide 3: Our Guiding Vision
Our Guiding Vision To be the preferred advanced drying technology and solutions provider for partners at the forefront of the food and cannabis industries. Proven Robust Licensing Commercial-Scale Intellectual Technology Rapid Drying Property for Royalties Technology
Slide 4: EnWave is a global leader in vacuum microwave dehydration
EnWave is a global leader in the innovation and application of vacuum microwave dehydration. Creators of REV™, a Designer and Licensed partners patented, Manufacturer in 23 countries and proven method of vacuum of consistent and scalable counting microwave dehydration REV-drying machinery
Slide 5: The Precise Science of REV Technology
The Precise Science of REVTM Technology REV™ technology uses specific combinations of vacuum and microwave energy that allow for rapid, gentle drying of diversified food, pharma and cannabis materials. Dry better, faster. THE VACUUM ADVANTAGE THE MICROWAVE ADVANTAGE • Lower boiling point: fast, low
Slide 6: Monetizing Our Innovation
Monetizing Our Innovation Diversifying The Commercialization of REV∅ REV∅ MACHINE SALES 1 • Six standard machine designs ranging from $250K to $2M. • Every machine used commercially generates a royalty revenue stream. ROYALTY REVENUE 2 • Building diverse royalty portfolio by licensing REV™ technolog
Slide 7: Third Party Royalties
$1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $ $570,512 2018 A $734,236 2019A $835,317 2020A $919,050 2021A $1,340,145 2022A
Slide 8: Expanding Portfolio of Royalty Partners
Expanding Portfolio of Royalty Partners 40 Global Food Partners, 10 Cannabis Partners and Counting
Slide 9: Royalty Partner Products
Royalty Partner Products FRUIT & VEGETABLE NXTDRIED (PERU) PACIFICO (COLOMBIA) BRANCHOUT FOODS (UNITED STATES) CALBEE (JAPAN) DOLE (GLOBAL) PITALIA (COSTA RICA) Ready-to-eat Meals ORTO AL SOLE (ITALY) NOMAD NUTRITION BARE NOMAD NUTRITION (USA/THAILAND) (CANADA) (CANADA)
Slide 10: Royalty Partner Products
Royalty Partner Products DAIRY UMLAND’S PITALIA ASHGROVE DAIRY CONCEPTS (UNITED STATES) (COSTA RICA) (TASMANIA) (IRELAND) RESPONSIBLE FOODS ALPINA GAY LEA DAIRY CONCEPTS PATATAS TORRES (ICELAND) (COLOMBIA) (CANADA) (IRELAND) (SPAIN) INTAKT (CHILE)
Slide 11: Food Market Advantages
Food Market Advantages Proven Value in Food Industry Verticals RAPID GENTLE DRYING REDUCED FOOTPRINT + LABOUR Fresh to shelf stable at moderate Smaller footprint required when compared temperatures in less than 25% of the time with large air-dryers and freeze- drying required by incumbent drying met
Slide 12: Cannabis Market Advantages
Cannabis Market Advantages Advanced Drying Solutions for Cannabis Cultivation RAPID GENTLE DRYING REDUCED FOOTPRINT + LABOUR Dries product well below decarboxylation Reduced footprint and lower CAPEX to achieve point in just 2 hours; traditional room/rack same throughput of room/rack dry facilities.
Slide 13: REVworx Toll Manufacturing
REVworxTM TOLL MANUFACTURING SQF certified as of July 2022 1 2 3 4 5 Increases speed to Reduces financial Enables quick product Reduces operational Ability to scale market for REV dried risk for REV adopters testing burden REVworx to grow products ...by leveraging existing ...which should ... allowi
Slide 14: REVworx Toll Manufacturing
REVworx Toll Manufacturing SQF Level 2 Facility Complete • REVworx™ will support primary licensing-royalty model, with goal of converting clients into royalty partners and enabling companies to launch REV™-dried products quickly into market. • Successful REV™-dried product launches can be leveraged
Slide 15: NutraDried Wind-Down
NutraDried Wind-Down Re-focus on Core Technology Business • On January 23, 2023, EnWave announced that it would commence an orderly wind-down and value maximization process for its operating subsidiary, Nutradried Food Company LLC., due to sustained negative financial performance tied to commodity p
Slide 16: Go-Forward Strategy Highlights
Go-Forward Strategy Highlights Re-focus on Core Technology Business • Robust pipeline of potential REV™ machine orders from current royalty partners and prospective licensees; prepared to deliver multiple large-scale REV™ machines in adequate timeframe and with strong margins. • REV technology licen
Slide 17: Consolidated Financial Profile
Consolidated Financial Profile • Multiple revenue streams: ($'000s) 2022 2021 2020 2019 2018 Machine Sales, Partner Royalties and REVworx. Moon Cheese Sales (net) 12,655 14,010 22,948 29,994 16,474 Moon Cheese revenues Machinery Sales & Rentals 9,696 11,547 9,100 12,113 5,780 will cease in FY23. Roy
Slide 18: Capital Structure
Capital Structure TSX-V:ENW | FSE:E4U Average Daily Volume 66,599 (Last Three Months) Total Shares Outstanding 110,500,055 Insider/Management Shares 2,573,111 Fully Diluted 118,853,322 Market Capitalization $37.6 million (Calculated on Feb 12, 2023 closing price of $0.34) As of Feb 12, 2023. NOTE: S
Slide 19: Fiscal 2023 Targets
Fiscal 2023 Targets • Invest strategically to advance internal capabilities and leverage third party channel partners to accelerate sales and increase manufacturing capabilities. • Commercialize REVworx and secure customers to utilize installed capacity and bring new REV products to market; use faci
Slide 20: Reasons to own ENW
Reasons to own ENW • Disruptive advanced drying technology with a substantial competitive advantage in multiple industries – food, cannabis and pharma; • Significant opportunity in a large, diversified, addressable global market; • Proven technology at industrial scale and diversified monetization s
Slide 21: Appendix
Appendix ENWAVE.NET
Slide 22: Leadership / Management
Leadership / Management • Proven history of advancing and accelerating businesses in John P.A. Budreski addition to an engineering background MBA • 30+ years of extensive capital markets and executive experience Executive Chairman including roles at Scotia Capital, Cormark Securities and multiple ad
Slide 23: Leadership / Board of Directors
Leadership / Board of Directors Mary C. Ritchie • President and CEO of Ritchford Holdings Ltd. FCA • Fellow of the Canadian Institute of Chartered Director Accountants Chair of Audit Committee Patrick Turpin • Co-Founder of Popchips Director • 30+ years of experience leading consumer packaged goods