EnWave (ENW) Investor presentation summary

Corporate profile and technology

• Global leader in vacuum microwave dehydration (REV™), offering efficient, high-quality drying for food, pharma, and cannabis, protected by 18 patents.

• Headquartered in Delta, BC, with an experienced management team and board.

• REV™ technology provides fast, energy-efficient, and nutrient-preserving dehydration, outperforming traditional methods.

• Technology enables innovative products, higher quality, and reduced production footprint.

Business model and revenue streams

• Three main profit paths: machine sales/rentals (82% of FY25 revenue), recurring royalties, and toll drying services.

• Royalties are perpetual, with a 14% increase in base royalties in 2025 and strong growth expected.

• Installed machine base and utilization drive royalty growth, with a 25.5% CAGR in base royalties.

• Asset-light, scalable model with high-margin recurring revenue and robust EBITDA potential.

Market and customer base

• Over 50 blue-chip partners in 25+ countries, including major brands in food and cannabis.

• Addressable markets include global dehydrated foods, cannabis, and food dehydrators, all showing strong growth trends.

• REV™ technology offers differentiation in taste, nutrition, and efficiency, appealing to health-conscious consumers and innovative food companies.