Water and Wastewater Treatment Solutions

Financial Summary As the business transitions to SPS, Wastewater-to-Energy and Recurring Revenue, profitability increases quickly Revenue Gross Margin (US$ millions) $119 $112 2021A 1% $80-85 $120+ 24% 21% 26% 32%+ 2022A 2023E Medium-Term Target 2021A 2022A 2023E Medium-Term Target SPS Waste to Energy Recurring Rev. CES Gross Margin EBITDA Margin 2% 2021A 2022A fluence 0% 2023E I EBITDA EBITDA Margin 10%+ Medium-Term Target • Commentary Revenue down in 2023 due to lower CES and Ivory Coast contribution 2023 revenue growth in SPS, Wastewater-to-Energy, and Recurring Revenue segments Gross margin forecast to rise to 29% in H2 2023 New order bookings and robust sales pipeline bodes well for revenue growth in 2024 and beyond Substantial operating leverage - higher revenues leading to stronger EBITDA margins 20 20

View entire presentation