Desert Control As · OSL:DSRT
Desert Control As — H1 2026 Earnings Presentation
33 slides from Desert Control As's earnings presentation, Aug 19, 2026
Slide 1: Half Year Report and Investor Update
Half Year Report and Investor Update 19 August 2026
Slide 2: Important Information and Disclaimer
2 DESERT CONTROL IMPORTANT INFORMATION AND DISCLAIMER ABOUT THIS PRESENTATION By reading this company presentation (the "Presentation") or attending any meeting or oral presentation held in relation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations.
Slide 3: Important Information and Disclaimer (Cont'd)
3 DESERT CONTROL IMPORTANT INFORMATION AND DISCLAIMER (CONT’D) This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Company and the industry in which it operates. Forward-looking statements concern future circumst
Slide 4: Today's Speakers
4 TODAY'S SPEAKERS LARS RAUNHOLT DAVID BORAH EISMARK JAMES THOMAS MIKE CANADY, PHD JAN VADER MARTY WEEMS ARI GREVE CHAIR OF THE BOARD CHIEF EXECUTIVE OFFICER Uns SCION Or rica CHEF AWOVATION OFFICER MANAGING DIRECTOR AMERICAS (CHIEF FINANCIAL OFFICER CONMUNICATIONS MANAGER
Slide 5: Agenda
5 AGENDA Welcome and Preview of Presentation Ari Greve, Communications Manager Opening Remarks Lars Eismark, Chairman First Half Progress James Thomas, CEO R&D Strategy and Detailed Look at Study Mike Canady, CSO Production Systems and Middle East Jan Vader, CIO Pipeline Update Marty Weems, MD Ameri
Slide 6: Opening Remarks
Opening Remarks LARS RAUNHOLT EISMARK CHAIR OF THE BOARD
Slide 7: First Half Progress
First Half Progress James Thomas Chief Executive Officer
Slide 8: Pilot Progress – Nine Months in California
8 PILOT PROGRESS – NINE MONTHS IN CALIFORNIA Rapidly expanding pipeline with c. 66k addressable acres Cumulative Pilot Activity (November 2025 – August 2026) # of Tier 1 Pilots1 Addressable Acres 2 42 66k 37 35 49k 44k 28 40k 24k 17 15k 12 7k 4 0k 1k 1k 2 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Ju
Slide 9: Production Unit and People Progress
9 PRODUCTION UNIT AND PEOPLE PROGRESS More than hiring of CFO and CSO • Integrated design production team in Norway and Arizona • Have hired more operations specialists to apply LNC • Have organized a scientific organization to run much needed trials of LNC
Slide 10: Massive Global Market with Significant Opportunities in California & Arizona
10 MASSIVE GLOBAL MARKET WITH SIGNIFICANT OPPORTUNITIES IN CALIFORNIA & ARIZONA TODAY Significant Opportunity in Current Active Markets… …With Massive Further Global Expansion Potential Sandy Soil Agriculture ($bn)1,2 Direct Licensed California operations Southern EU operator model USA $38bn Arizona
Slide 11: Water Continues to Be a More Precious Resource
11 Water Continues to Be a More Precious Resource The Guardian 5 August NY Times 31 July Washington Post 13 May
Slide 12: R&D Strategy
R&D Strategy Mike Canady, PhD Chief Scientific Officer
Slide 13: Introduction and Background
13 INTRODUCTION AND BACKGROUND • Joined as CSO in April 2026 • 20+ years in agronomy-related product development • PhD University of California, Davis in Plant Genetics • Extensive experience leading technical teams in the development and launch of new agricultural products and technology • Authored
Slide 14: Desert Control R&D Strategy: From Mechanism to Targeted Action
14 Desert Control R&D Strategy: From Mechanism to Targeted Action Defining the Mode of Action (MOA) • A Foundation of Rigorous Science: All ongoing R&D initiatives build directly upon our robust baseline of established scientific data and completed research. • Fundamental research: Partnering with U
Slide 15: Salinas Valley Romaine Trial: Proving Commercial Efficacy
15 Salinas Valley (California) Romaine Trial: Proving Commercial Efficacy • Transforming Marginal Soil: Deployed LNC on historically underperforming, fast-draining sandy loam in Salinas Valley. • Breakthrough Yield Expansion: Achieved a 29.8% increase in total harvestable yield (+98 boxes per acre v
Slide 16: Desert Control R&D Strategy: Select Trial Overview
16 Desert Control R&D Strategy: Select Trial Overview Crop Region % Water Saving % Yield Increase Important Take Aways Permanent Orchard Crops Americas N/A 97% Doubled yield on marginal ground 8% (Total), 21% Date Palms Middle East 46% Halved water use; boosted premium quality (Grade A) Romaine Lett
Slide 17: Production Systems and Middle East Updates
Production Systems and Middle East Updates Jan Vader Chief Innovation Officer
Slide 18: Next Generation Production Unit
18 Next Generation Production Unit • Two successful field operations completed with the next-generation production unit • First commercial-scale application covered 12 acres of Medjool date palms in Arizona • Second operation confirmed further performance and automation enhancements • Core productio
Slide 19: Industrial Automation & Digital Infrastructure
19 Industrial Automation & Digital Infrastructure Siemens Software-Defined Automation (SDA), DC Portal, and next-generation mobile production units together enable scalable, data-driven field operations DC PORTAL Production Planning Real Time Monitoring Project Records DIGITAL Site Data & Project Pl
Slide 20: Middle East Licensed Operator Model – Updates
20 MIDDLE EAST LICENSED OPERATOR MODEL – UPDATES • Continued commercial and technical market development • Liquid Natural Clay recognized in Saudi Arabia’s 2026 Voluntary National Review, presented to the UN • New governmental tender in KSA specifically requests LNC for urban landscaping • LNC also
Slide 21: Pipeline Updates in Agriculture and Golf
Pipeline Updates in Agriculture and Golf Marty Weems MD Americas
Slide 22: Agriculture and Golf Adoption Is Reference-Led and Proof-Driven
22 AGRICULTURE AND GOLF ADOPTION IS REFERENCE-LED AND PROOF-DRIVEN Reference-led adoption ▪1 Adoption is evidence-led ▪2 Proof takes time ▪3 Third-party validation ▪ Growers prefer to see results ▪ Water savings can show ▪ Tangible proof points are critical, from comparable farms, crops, immediate r
Slide 23: Sales Process & Commercial Flywheel
23 SALES PROCESS & COMMERCIAL FLYWHEEL Awareness / 1 Build initial interest in LNC, leveraging proof points across validated ✓ initial discussions applications and high-water savings / ROI proposition 0-3 months 2 Pilots offer low-risk test of LNC on limited acreage prior to commercial-scale ✓ Pilot
Slide 24: Rapidly Growing Pipeline of High-Conviction Opportunities
24 Rapidly Growing Pipeline of High-Conviction Opportunities Tier 1 Technical Pilots expand from 7 to 42 in 2026, a sixfold increase TOTAL PROJECTS UNIQUE CUSTOMERS TIER 1 TECHNICAL PILOTS PROJECTS PER CUSTOMER 50 34 42 1.44 +38 / +317% +23 / +209% +35 / +500% +32% 12 in 2025 11 in 2025 7 in 2025 1.
Slide 25: Agriculture Opportunity Growth
25 Agriculture Opportunity Growth Tier 1 Technical Pilots expand to 42 across the portfolio in 2026, a sixfold increase AGRICULTURE PROJECTS UNIQUE CUSTOMERS TIER 1 TECHNICAL PILOTS COMMERCIAL PROJECTS 41 25 34 5 +35 / +583% +20 / +400% +30 / +750% +4 / +400% 6 in 2025 5 in 2025 4 in 2025 1 in 2025
Slide 26: Golf and Landscape Opportunity Growth
26 Golf and Landscape Opportunity Growth Golf courses show strong new-account expansion, with project volume tripling year on year GOLF-COURSE PROJECTS UNIQUE CUSTOMERS TIER 1 TECHNICAL PILOTS COMMERCIAL PROJECTS 9 8 8 2 +6 / +200% +5 / +167% +7 / +700% +1 / +100% 3 in 2025 3 in 2025 1 in 2025 1 in
Slide 27: Golf Update: Woodland Hills and Berkeley
27 Golf Update: Woodland Hills and Berkeley • Woodland Hills over last 12 months • 27% water savings • $350,000 gross benefit to customer from water savings and rebates • Berkeley over first 3 months • 5% water savings • $17,000 benefit • Average temperatures during this period were 5+ degrees hotte
Slide 28: We Are at Our Commercial Inflection Point
28 WE ARE AT OUR COMMERCIAL INFLECTION POINT 1 Commercial validations across high-value crops and golf 2 Full-cycle validations across pistachios and almonds expected in the next 2-3 months Boom in volume of pilots with material increase in size and quality: average of 3 c. 1,500 addressable acres p
Slide 29: Financials and Outlook
Financials and Outlook David Borah Chief Financial Officer
Slide 30: Commentary Regarding YTD and Balance of Year
30 COMMENTARY REGARDING YTD AND BALANCE OF YEAR • Converting Pilots to Commercial Business • We are keenly focused on this as we are now in harvest season. We have a very strong pipeline of interested potential customers and are optimistic many will choose larger applications • More marketing effort
Slide 31: Revenue Development
31 REVENUE DEVELOPMENT Revenue Development ($m)1 Projected Revenue 2026e ($m)2 2.50 c.7x No hardware sales expected Includes estimated revenue $2m+ in the Middle East for FY26 generated through PAYS 2.00 Licensing, 11% 1. 50 Direct Sales US / Project Deliveries, 89% $2m+ 1. 00 0.50 $0.3m $0.2m $0.1m
Slide 32: Q&A
Q&A
Slide 33: Thank you!
CONTROL Thank you!