EnWave Corporation · TSXV:ENW
EnWave — Investor Presentation (July 2024)
23 slides from EnWave's investor presentation, July 2024
Slide 1: Fresh thinking. Fast drying. Fantastic results.
Fresh thinking. Fast drying. Fantastic results. Corporate Presentation July 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 Capital Structure (July 9, 2024) and application of vacuum microwave Ticker Symbol ENW dehydration, also known as REV , a proven, Last Price $0.23 consistent and scalable way to dry organic 52-Week Range $0
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 Superior Outcomes, Blue-Chip References TAM and $200B+ Energy Efficient and Customer Base annual royalty 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 volum
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 produc
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 • Shelf-stable, snackable cheese Dairy and yogurt • Gluten-free, keto- 16 friendly • Preserves taste, Smoked • Nutritious powders smell, appearanc e and flower Fruits • Chewy bites & Veg • Crunchy snacks •
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. cash royalties for the life of companies to launch REV- Includes
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 reliable
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- Active REV units begin work with our team of experts scale units) are sold with a generating royalties while we to explore the
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 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 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 sold REV units (2 new large-scale machines) • Increased customer utilization of outstanding REV machines $1,800,000 $1,669,000 $1,
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 Q2 2024 Highlights (Ended March 31, 2024) and Subsequently • Earned royalty revenues of $414k, a 50% yoy increase compared to the $277k earned in Q2 2023 • Sold 120kW REV machine to an existing royalty partner to commercialize its own branded s
Slide 20: Go-Forward Strategy Highlights
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 Our toll drying service offers low-risk entry potential orders from current partners for companies, helping to introduce new and pro
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, challenges old drying methods 2. REV Royalties cannabis and ph
Slide 22: 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 multiple advisory and board positions • Accomplished leader
Slide 23: Management
Management TSX-V: ENW | www.enwave.net Brent Charleton, President & CEO • Accomplished leader with expertise in finance, business development, and Mehmet Sucu, Chief Engineer capital markets • A registered Professional Engineer with • Demonstrated ability to implement EGBC who has been with EnWave s