24/03/2021 - ERI - Energy Recovery Inc.: March 2021 Investor Presentation

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Driving Industrial Sustainability Delivering Value in Fluid-Flow Processes

Energy Recovery Investor Presentation - March 2021

NASDAQ: ERII

FORWARD LOOKING STATEMENT

This presentation contains forward-looking statements within the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this report include, but are not limited to, statements about our expectations, objectives, anticipations, plans, hopes, beliefs, intentions, or strategies regarding the future. Forward-looking statements that represent our current expectations about future events are based on assumptions and involve risks and uncertainties. If the risks or uncertainties occur or the assumptions prove incorrect, then our results may differ materially from those set forth or implied by the forward-looking statements. Our forward-looking statements are not guarantees of future performance or events. Words such as "expects," "anticipates," "believes," "estimates," variations of such words, and similar expressions are also intended to identify such forward-looking statements.

These forward-looking statements are subject to risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. You should not place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this presentation. All forward-looking statements included in this presentation are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements, as disclosed from time to time in our reports on Forms 10-K, 10-Q, and 8-K as well as in our Annual Reports to Stockholders and, if necessary, updated in our quarterly reports on Form 10 Q or in other filings. We assume no obligation to update any such forward-looking statements. It is important to note that our actual results could differ materially from the results set forth or implied by our forward-looking statements.

ENERGY RECOVERY SNAPSHOT

We design and manufacture solutions that

accelerate the environmental sustainability

of our customers' operations.

Our solutions increase efficiency and lower lifecycle cost by reducing waste and energy consumption in industrial fluid-flow systems.

Our flagship PX® Pressure Exchanger® (PX) energy recovery device (ERD) revolutionized seawater reverse osmosis desalination (SWRO), reducing energy costs by up to 60%.1 The PX is now the industry standard for energy recovery.

We continue to push the boundaries of our core technology, the pressure exchanger, to handle different operating environments of industrial or commercial applications.

Financial Snapshot2

Product Rev Growth

Avg. Growth '15 - '20

21%

2020

27%

2021 (estimated)

up to 10%

2022 (estimated)

up to 25%

2020 Gross Margin

69%

Cash & Securities

$115M

Debt

--

1Energy Recovery estimate; 2Growth and Gross Margin from Product Revenue only

WE HAVE A GROWING ESG STORY

$2.0B 90%+ 96%

saved for customers on energy expenses annually1

product revenue from energy-efficiency related products

PXs use components made from recycled materials

Global Installations of Energy Recovery Desalination Products

25k+ 12.4M 100%

PXs installed worldwidemetric tons emissions avoided due to PXs = >2.5M vehicles removed from the road annually1

Of waste metal from our operations is recycled

1Energy Recovery estimates. Assumes all deployed devices are in operation

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Disclaimer

ERI - Energy Recovery Inc. published this content on 24 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 18:27:10 UTC.

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