Slide 1: Fresh thinking. Fast drying. Fantastic results.
Fresh thinking. Fast drying. Fantastic results. Corporate Presentation August 2024
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: Corporate Profile
Corporate Profile TSX-V: ENW | www.enwave.net • EnWave is the global leader in the innovation and Capital Structure (August 22, 2024) application of vacuum microwave dehydration, also Ticker Symbol ENW known as REV™, a proven, consistent and scalable Last Price $0.21 way to dry organic materials qui
Slide 4: Investment Highlights
Investment Highlights TSX-V: ENW | www.enwave.net Innovative Competitive Large, Diverse & Technology Advantages Growing Market Solution to a Problem, First-Mover, 18 Patents, $9B annual machine TAM Superior Outcomes, Blue-Chip References and and $200B+ annual royalty Energy Efficient Customer Base T
Slide 5: The Problem
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 innovation or growth • It takes too long
Slide 6: The Solution: EnWave's Patented REV Technology
The Solution TSX-V: ENW | www.enwave.net EnWave’s Patented REV™ Technology REV™ stands for “Radiant Energy Vacuum” It’s our own patented process of vacuum microwave drying that dehydrates food and plants more efficiently and of a higher quality than ever before. Radiant Energy • Fast and uniform vol
Slide 7: 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 produ
Slide 8: 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, appearance and flower • Shelfable, snackable Dairy cheese
Slide 9: 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 • 56% of consumers switched to healthier snacks in 20215 • “Su
Slide 10: 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 84% of EnWave’s Source of perpetual Toll drying enables food total revenue in FY23. Includes cash royalties for the life of companies to launch REV
Slide 11: 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 reliabl
Slide 12: 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-scale Active REV units begin generating work with our team of experts to units) are sold with a commercial royalties while we p
Slide 13: 50+ Blue-Chip Partners Across 25+ Countries
50+ Blue-Chip Partners Across 25+ Countries TSX-V: ENW | www.enwave.net 12
Slide 14: REV Machines
REVTM Machines TSX-V: ENW | www.enwave.net 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) Ceiling: 10 ft (3.1m) Ceiling: 15 ft (4.6m) Cei
Slide 15: Expansive & Scalable Business Model
Expansive & Scalable Business Model TSX-V: ENW | www.enwave.net …Generates… …Creating… REV™ Machine Incremental Royalty Robust EBITDA Sales Capacity Revenues Potential Natural Scalability Recurring & Stable Margin Growth Compact production footprint Smoothens quarter-over-quarter Driven by high-marg
Slide 16: Multifaceted Sales Strategy
Multifaceted Sales Strategy TSX-V: ENW | www.enwave.net New VP Global Sales and Business Development to Drive Enhanced Sales Strategy 1. Hire additional sales talent in high-growth regions • Two additional sales managers will be hired near term in Europe and South Asia 2. Americas, Europe, Asia Paci
Slide 17: 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 (6-figure agreement signed in Q3'24) • Increased customer utilization of outstanding REV™ ma
Slide 18: Steadily Growing Base of Deployed REV Machines
Steadily Growing Base of Deployed REV Machines TSX-V: ENW | www.enwave.net • Installed kW capacity is a key driver of royalty generation in addition to machine utilization 2,500 2,371 2,083 1,993 2,000 16.6% CAGR 1,523 1,500 1,283 1,000 500 0 2019 2020 2021 2022 2023 Source: EnWave's annual MD&A, ne
Slide 19: Recent Financial Highlights
Recent Financial Highlights TSX-V: ENW | www.enwave.net Q3 2024 Highlights (Ended June 30, 2024) and Subsequently: • Earned royalty revenues of $425K, an increase of 7.9% year-over-year ("YoY"), and total revenue of $2,622K compared to $2,486K in Q3 2023, an increase of 5.5% driven largely by a high
Slide 20: Go-Forward Strategy
Go-Forward Strategy Highlights TSX-V: ENW | www.enwave.net Expected More Sales of REVTM Machines Continued REVworxTM Toll Drying 2024-2025 We have a robust pipeline of potential orders Our toll drying service offers low-risk entry for from current partners and prospective licensees companies, helpin
Slide 21: Reasons to Invest in EnWave
Reasons to Invest in EnWave TSX-V: ENW | www.enwave.net Three Paths to Profit Large, Diverse Market Clear Competitive Advantage 1. Machine rentals and sales Applicable in multiple verticals Advanced REV™ technology within the global food, cannabis challenges old drying methods 2. REV™ Royalties and
Slide 22: Board of Directors
Board of Directors TSX-V: ENW | www.enwave.net John P.A. Budreski, Executive Chairman Brent Charleton, President & CEO • 30+ years of extensive capital markets • Accomplished leader with expertise in finance, • Executive experience including roles at business development, and capital markets; Scotia
Slide 23: Management
Management Brent Charleton, President & CEO Mehmet Sucu, Chief Engineer • Accomplished leader with expertise in finance, • A registered Professional Engineer with EGBC business development, and capital markets who has been with EnWave since 2011 • Demonstrated ability to implement change • An academ