NX Filtration N : 2022 H1 Webcast

H1 2022 results Webcast

30 August 2022

1. Key highlights H1 2022
2. Accelerating expansion
3. Financials and outlook

2

Key highlights

Accelerating strategic expansion building on strong revenue growth

Strong growth

and ESG impact

Successful

commercial roll-

out with full-

scale projects

Accelerating on

three fronts

Confirming

outlook

1. Total revenues1) of €3.7m, an increase of 188% compared to H1 2021

1. Expanding global footprint; 63% of revenues from sale of goods outside Europe

1. 153% increase in number of pilot projects versus H1 2021, paving the way for future growth o Strong ESG profile and impact underpinned by recently obtained Sustainalytics rating

1. Pilot conversions into full-scaleprojects, e.g. converting a Q4 2021 pilot in South Africa into a full-scale project

1. Repeat projects, e.g. an industrial project for Ecoazur in Mexico and a new large municipal project for PT Bayu in Indonesia o Entries to new markets, e.g. with full-scale drinking water projects in North America for Delco Water and BI Pure Water

1. Upsized design of our new megafactory: higher initial capacity and more space for future capacity additions, creating optimal flexibility for further growth

1. Pre-emptingthe expansion of our fleet of pilot systems, on-track to exceed guidance of >140 systems by the end of 2022 o Ahead-of-the-curveexpansion of organization with successful hires of strong industry leaders

1. Reiteration of earlier communicated outlook on total revenues of €8m to €10m for full year 2022, driven by strong market demand and our expanding global sales presence

1. Targeted growth largely driven by further roll-outof full-scaleprojects and by repeat business with our existing (OEM) relationships

1) Total revenues (defined as Gross income in the Semi-Annual Report) includes revenues from sale of goods in the Clean Municipal Water and	3
Sustainable Industrial water business lines and other income

Strong topline performance…

Total revenues (€ '000)

	1,280
	192
	317
533
156	771
249
128

+188%

3,692

439 Other income

1,180	Clean
Municipal Water

2,073 Sustainable Industrial Water

o Total revenues grew 188% versus H1 2021, driven by

increasing number of full-scaleprojects that resulted

from preceding pilot projects, as well as global sales

force expansions and a growing number of OEM

relationships, that are increasingly resulting in repeat

projects

− 169% growth in the Sustainable Industrial Water

business line, driven by strong traction with customers

in, amongst others, the food & beverage and textile

industries looking to reduce their water footprint and

optimize their water systems in a sustainable way

− 272% growth in the Clean Municipal Water business

line, driven by various projects in Asia and North

America. The focus in Europe remains on pilot projects

with leading players (such as Veolia, Vitens and

Aqualia) with visibility on future full-scale projects

− 129% growth in other income driven by rental income

from a growing number of pilot projects and

2020 H1

2021 H1

2022 H1

government grants for innovation projects

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…fueled by tangible growth throughout the business development funnel

Commercial roll-out model direct nanofiltration (dNF)

Repeat	Recurring
projects	replacements

Pilots

Demo plants

Full-scale

Replacements

• of pilot and

demo

projects

				x2.4
				83
					2		Demo plants
34	81	Pilots
	2
32
H1 2021	H1 2022

• of full- scale

dNF

projects

		x1.8
		11
		Of which
6
		7 repeat Full-scale
		projects
H1 2021	H1 2022

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