Slide 1: Innovative Technology. Scalable Business. Diversified Royalties.
Innovative Technology. Scalable Business. Diversified Royalties. Corporate Presentation August 2026 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 (August 20, 2026) and application of vacuum microwave Ticker Symbol ENW dehydration, also known as REV , a superior, Last Price $0.24 consistent, scalable, and proven way to dry 52-Week Ra
Slide 4: Our Goals
Our Goals TSX-V: ENW | www.enwave.net Create Highly Diversified Global Maintain Healthy Margins Via Royalty Portfolio REVTM Sales & Royalties Propagate REVTM technology to create a Manufacture and sell REVTM machines at highly diversified portfolio of royalties a healthy margin, paired with long-lif
Slide 5: Unique Technology, Unique Business Model: 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 82% of EnWave’s Source of perpetual Toll drying enables food total revenue in FY25. 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 $2.5M Base Royalty CAGR: 25.5% $
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 2,686 12.0% CAGR 2,549 2,500 2,371 2,083 1,993 2,000 1,523 1,500 1,000 500 0 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 S
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 8
Slide 10: Our Partners
Our Partners Spanning 25 countries and five continents, EnWave’s licensed partners create profitable snacks and ingredients with the company’s patented technology. 9
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 Global Dehydrated Food & Cannabis 3, 4 • Consumers willing to pay up to 91.7% more for healthier foods 1 Market Growth 9.0% • 90% of consumers are snacking at least once
Slide 12: Recent Wins
Recent Wins TSX-V: ENW | www.enwave.net • August 12, 2026 - signed a Research and Development License Agreement with the University of Limerick in Ireland and sold a small-scale machine to support research, product development and academic studies. • July 7, 2026 – Sold a second 120kW REV machine to
Slide 13: Transformational 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: 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 15: 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 20 • Superior taste/colour • Preserves taste, Smoked • Plant-based jerkies smell, appearance and flower • Shelfable, snackable Dairy cheese a
Slide 16: 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 17: Case Study: REV vs Air Drying vs Freeze Drying
Case Study: REVTM vs Air Drying vs Freeze Drying TSX-V: ENW | www.enwave.net Executive Summary of Study1: Sensory Evaluation of Carrot Drying by Method 1: • REV-dried broccoli, oranges, and carrots prepared by the optimal drying protocols were compared to freeze- and air-dried samples based on the n
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 2025-2026 Global Sales Growth Pillars
Fully-Funded to Advance 2025-2026 Global Sales Growth Pillars TSX-V: ENW | www.enwave.net Up to $5M of Non-Dilutive Financing + Recent $3M LIFE Offering Driving Enhanced Global Sales Strategy Led by New VP Global Sales and Business Development, European Hire, and Augmented Machine Leasing Capabiliti
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, Multi-billion-dollar 50+ Established Brands Superior Outcomes, Blue-Chip References machine an
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