374water Inc. · NASDAQ:SCWO
374water — Investor Presentation (August 2024)
43 slides from 374water's investor presentation, Aug 15, 2024
Slide 1: Clean and Sustainable Destruction of Organic Waste
374WATER® Clean and Sustainable Destruction of Organic Waste Investor Presentation August 2024 (©2024 374Water nc. AllRights Reserved. This document and he information set forth herein are the property of 374Water.
Slide 2: Table of Contents
Table of Contents S74 WATERS |. Company Overview... ll. Our Differentiated Technology ill, Market Opportunity lv. Go to Market Strategy .. V. Products & Services... Vi. Operations. Vil. Competitive Landscape... Vill, Leadership & Board.
Slide 3: Forward Looking Statement
Forward Looking Statement 374WATER® This presentation and various remarks we make during this presentation contain “forward-looking statements” of 374Water Inc. ("374Water,” ‘the Company,” “we,” “our” or “us’), which include information relating to future events, future financial performance, strate
Slide 4: Section I: Company Overview
374WATER® SECTION] Company Overview
Slide 5: 374Water's proprietary AirSCWO technology
374Water's (Nasdaq: SCWO) proprietary AirSCWO technology is designed to destroy and mineralize both non-hazardous and hazardous organic waste streams in a safe and sustainable manner. te,
Slide 6: AirSCWO System seeks to solve the World's Toughest Organic Waste Issues
374Water’s AirSCWO System seeks to solve the VATIER World’s Toughest Organic Waste Issues 374Water's proprietary AirSCWO System is designed to destroy non- hazardous and hazardous organic wastes and in the process produce safe dischargeable water streams, safe mineral effluent, safe vent gas, and re
Slide 7: History of 374Water
History of 374Water 374WATER® 2011-2018 2021 2022 2023 2024 Initial funding from Bill & Merrell Bros becomes ‘Company listed on Company joins Russell 30008 Chris Gannon appointed CEO Melinda GatesFoundaton | deveapmentand Naso ker FY23 NOAA ScWO guidance Lester tar rarer pin to begin developing our
Slide 8: AirSCWO Systems
AirSCWO Systems 374WATER® 374Water is developing AirsCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, and Industrial markets. The Company is currently focused on developing and eventually commercializing our Small and Medium Capacity Systems. | i} | Capacity | ©
Slide 9: What Is AirSCWO?
What Is AirSCWO? 374WATER® AirSCWO Process Flow Diagram Supercritical Water Oxidation (SC WO) CRITICAL POINT TEMPERATURE — 376°C AirSCWO harnesses the power of SCWO to destroy organic waste Supercritical Water Oxidation (SCWO) is a streams resulting in clean mineral water, effluent and recoverable h
Slide 10: Global Market Opportunity
Global Market Opportunity 374WATER® The Municipal, Federal, and Industrial markets seek alternatives to existing waste treatment technologies which are considered inadequate as they primarily transform, transport, or condense waste streams instead of destroying them. These include: Combustion/incine
Slide 11: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS —— g. pos BN@FAC \\S)) D Boru BARCADIS Geosyntec? CleanEarthie consultants MUNICIPAL QCSSAN Avge <> m ORLANDO tnvmonmenr BARR ‘TRUST FUND cLoup
Slide 12: Near Term Focus Areas
Near Term Focus Areas 374WATER® Customer Contracts to Expand Technical Showcase Technology Flexibility Application of AIRSCWO * Orange county Sanitation District (CA) © Modularize AirSCWO system to be easily and City of Orlando (FL) for biosolids & configured for various applications and * Army, Nav
Slide 13: Investment Thesis
Investment Thesis | : 374WATER® rc) 3 * OH $250BN+ GLOBAL REGULATORY AIRSCWO SEEKS TO AIRSCWO ADDRESSABLE ENVIRONMENT ADDRESS THE WASTE SCALABLE AND MARKET FURTHER DRIVING DISPOSAL PROBLEM CUSTOMIZABLE DEMAND Broad-Based EPA, CERCLA, AitSCWO Technology is Achievable Applications and End Drinking Wat
Slide 14: Section II: Our Differentiated Technology
374WATER® SECTION II Our Differentiated Technology
Slide 15: What Is 374Water's Process
What Is 374WATER® 374Water’s Continuous AirSCWO Process Flow Diagram 1, Liquid ss ambient air heated towards an . ste oxidizes in 221 bar and T > 374 ) are separa’ changing pressure anc Supercritical Water Oxidation (SCWO) is a physical-thermal process powered by air and water above its critical poi
Slide 16: Why Supercritical Water?
Why Supercritical Water? 374WATER® SUPERCRITICAL WATER SUPERCRITICAL WATER 2 barb pees oe sea eee ‘© Most gases (eg., 0,) havea Transports like gas, low solubility dissolves like liquid WATER © Inorganic salts readily Gases (eg, 0,) are highly dissolve & dissociate soluble © (Most) Organic Inorganic
Slide 17: Materials Destroyed by AirSCWO
Materials Destroyed by AirSCWO 374WATER® 374Water’s continuous flow AirsCWO System has successfully destroyed a wide range of organic wastes reaching non detect or below EPA required levels. These organic wastes include: O68 3OHO@. Sludges Landfill Spent lon SpentGranular Firefighting Foam AFFF Foam
Slide 18: Section III: Market Opportunity
374WATER® SECTION III Market Opportunity
Slide 19: The Market Opportunity
The Market Opportunity 374WATER® 374Water addresses both traditional waste streams and emerging contaminants across all with an overall global market of « The Municipal, Federal, and Industrial markets are seeking alternatives to existing waste treatment technologies, which are considered inadequate
Slide 20: Municipal Opportunity
Municipal Opportunity 374WATER® Global water and wastewater treatment market was valued at $302BN USS. dollars in 2022. The market is projected to reach a value of approximately $540BN by 2030. tn A © U.S. water and wastewater treatment market is expected to grow from $113BN in 2023 to $179BN by 203
Slide 21: Federal Opportunity
Federal Opportunity US Government spends over $15BN on waste management annually. * DoD, PFAS Concentrates “Forever Chemicals” are a $250BN cleanup opportunity according to industry experts. One base, Pease AFB (NH), out of 715 sites identified has been appropriated $400M for cleanup. Incineration b
Slide 22: Industrial Opportunity
Industrial Opportunity 374WATER® Global industrial waste management market is estimated at $1.0TN per year, while the U.S. industrial waste management market is estimated at $80BN per year. * Techniques such as filtration and adsorption remove PFAS from media but require further disposal or treatmen
Slide 23: The Regulatory Environment is Poised to Drive Demand
The Regulatory Environment is Poised to Stringent Federal Regulations on PFAS in Drinking Water administration by al limits on PFA US drinking water, requiring Isto the limits. This is prevent nearly 10,000 deaths implementation Financial and Legal Implications — Industry is Preparing funds will be
Slide 24: Section IV: Go-To-Market Strategy
374WATER® SECTION IV Go-To-Market Strategy
Slide 25: Go-To-Market Strategy
Go-To-Market Strategy 374Water has a flexible go-to-market strategy to generate demand across our three major verticals © 374Water segments the Municipal, Federal, and Industrial market verticals and corresponding waste streams into: © Waste Type: Sludges, Concentration Medias, and Aqueous/Solvents
Slide 26: Robust Pipeline of Opportunities
374Water has a Robust Pipeline of Opportunities: 374WATER® Nearly $1.6BN and growing MUNICIPAL FEDERAL & PRIME CONTRACTOR INDUSTRIAL & CORPORATE * Biosolids * PFAS Concentrates “Forever © Oil&Gas * Landfill Leachates Chemicals” (AFFF, GAC, IX, FF) * Chemical/Petrochemical/ * PFAS in US Drinking Wate
Slide 27: Joint Ventures / Partnerships
Joint Ventures / Partnerships 374Water is actively pursuing Joint Ventures / Partnerships with established waste management companies. We are furthest along in our discussions with potential partners in the TSDF space. TSDF Potential Partnerships * Ourstrategy is to create a network of Treatment, St
Slide 28: Select Contracted Projects
Select Contracted Projects 374Water has multiple contracts in place for equipment sales, demonstrations, and testing. FEDERAL GOVERNMENT & PRIME CONTRACTORS — wWwsp 2. ©, anapc 44 D Boru BARCADIS Geosyntec? CleanEarthie consultants MUNICIPAL QCSSAN AysRes >> m. ORLANDO ‘Gwaomer BARR | st LouD > ‘TRU
Slide 29: Products & Services
374WATER® SSC MONNI W Products & Services
Slide 30: AirSCWO Systems
AirSCWO Systems 374WATER® 374Water is developing AirsCWO Systems to meet the various destruction capacity needs of the Municipal, Federal, and Industrial markets. The Company is currently focused on developing and eventually commercializing our Small and Medium Capacity Systems. I | | Capacity * 025
Slide 31: AirSCWO System
AirSCWO System 374WATER® 374Water's AirSCWO System consists of pre-treatment, reactor, feed pump and post treatment modules which can be configured based on customer waste stream and waste destruction goals. als = 4€) ¥ PRE-TREATMENT AirSCWO REACTOR FEED PUMP POST-TREATMENT MODULES MODULES MODULES M
Slide 32: Engineering Services
Engineering Services 374Water provides engineering services to integrate our AirSCWO system into existing waste treatment and processing systems. © System Design and Optimization * Process Development (developing the flow of waste treatment scheme) © System Commissioning © Maintenance and Support (r
Slide 33: Laboratory & Testing Services
Laboratory & Testing Services 374Water provides extensive Laboratory & Testing Services to our Municipal, Federal & Prime Contractor, and Industrial & Corporate partners. * Rapid prototyping and thorough feedstock preparation to bolster full-scale efforts * Continuous optimization of bench-scale sys
Slide 34: Operations
374WATER®
Slide 35: 374Water Operations
374Water Operations 374WATER® Manufacturing Operations: 374Water is transitioning to a larger, dedicated manufacturing facility to insource the majority of its assembly and light manufacturing activities, as well as increase production velocity and flexibility. Interim Manufacturing Operations - Orl
Slide 36: 374Water Operations (continued)
374Water Operations (continued) 374WATER® Research, Development and Engineering (R&D&E) Operations: R&D&E will transition into a new, expanded facility co-located with manufacturing to accelerate the speed of product innovation, build broader testing and development capabilities, and expand our team
Slide 37: Section VII: Competitive Landscape
374WATER® SECTION VII Competitive Landscape
Slide 38: AirSCWO Value Proposition
AirSCWO Value Proposition ‘VALUE LEVERS. Airscwo == —xxxzZ =< — TREATMENT Cost of reatment Medium cost REDUCTION ‘TRANSPORT Cost of disposal Honcte changes part High Future proot igh compliance Hit Perormance Tracking = FAS ELIMINATION EELES High removed Esc (WATER IMPACT Recover Water h IMPACT a GH
Slide 39: Direct and Indirect Competition
Direct and Indirect Competition COMPANY / TECHNOLOGY REVIVE / GENERAL ATOMICS (SCWO) ACLARITY / AXINE / AECOM / Ovivo (Electrochemical Oxidation) AQUAGGA (Hydrothermal Alkaline Treatment -HALT) Deep Well Injection incineration PROS Optimized for treating liquid waste, leading to high efficiency in o
Slide 40: Section VIII: Leadership & Board
374WATER® SECTION VIII Leadership & Board
Slide 41: Our Leadership Team
Our Leadership Team Chris Gannon President and CEO Chris brings more than 25 years of experience within publicly traded and Dehvate equity backed companies. Previous {oles include CEO at Energy Recovery and atonal Fre and safety Lead Operations ‘Advor tothe city of betrot. and PE Gpersting Partner,
Slide 42: Our Board of Directors
Our Board of Directors 374WATER® _@ © _§ _§ Rene Estes Ms. Estes serves as Chatperson of the Beard for SraWoter. For Pore then years, Ms. Estes has partnered with Investor, entrepreneurs, fanciers Gevelopers, and. operators to. achieve teconomie success for ventures in mult ‘fdustes and, at times ex
Slide 43: Thank You
374WATER® Thank You Heather Crowell heather@gregoryfca.com 215-316-6271