EnWave Corporation · TSXV:ENW
EnWave — Investor Presentation (January 2025)
21 slides from EnWave's investor presentation, Jan 9, 2025
Slide 1: Fresh thinking. Fast drying. Fantastic results.
Fresh thinking. Fast drying. Fantastic results. Corporate Presentation January 2025 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 (January 9, 2024) and application of vacuum microwave Ticker Symbol ENW dehydration, also known as REV , a proven, Last Price $0.215 consistent and scalable way to dry organic 52-Week Rang
Slide 4: 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 3
Slide 5: 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 Superior Outcomes, Blue-Chip References TAM and $200B+ annual Energy Efficient and Customer Base royalty T
Slide 6: 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 7: 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 volum
Slide 8: 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 9: REV vs Air vs Freeze Drying
REVTM vs Air vs Freeze Drying TSX-V: ENW | www.enwave.net Drying Result1 Freeze Dried Air Dried REVTM Dried Time 15-25 hours 8 hours 1-2 hours Taste Concentrated Mild Intense Texture Styrofoam Tough/Crumbly Chewy or Crunchy Color Bleached Dark Brilliant Aroma Little Mild Intense Nutrition Very High
Slide 10: 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, appearanc e and flower • Shelfable, snackable Dairy cheese
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 • REV -dried products retain more nutrients and have superior taste than traditional freeze-drying methods • 56% of consumers switched to healthier snacks in 20215 7% CA
Slide 12: 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 76% of EnWave’s Source of perpetual Toll drying enables food total revenue in FY24. cash royalties for the life of companies to launch REV- Includes
Slide 13: 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 14: 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 15: 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 16: 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 17: Fully-Funded to Advance 2025 Global Growth Pillars
Fully-Funded to Advance 2025 Global Growth Pillars TSX-V: ENW | www.enwave.net Up to $5M of Non-Dilutive Financing Secured to Drive Enhanced Sales Strategy Led by New VP Global Sales and Business Development 1. Onboarding Two International BDMs o Expand sales team footprint with local representation
Slide 18: 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 $2,000,000 $1,961,000 $1,600,000
Slide 19: 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 2,549 2,500 2,371 13.7% CAGR 2,083 1,993 2,000 1,523 1,500 1,000 500 0 FY2020 FY2021 FY2022 FY2023 FY2024 Source: EnWave
Slide 20: 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
Slide 21: 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