DE.MEM LIMITED - Investor Presentation 2021

ASX RELEASE | De.mem Limited (ASX:DEM)

==> picture [567 x 87] intentionally omitted <==

Investor Presentation

30 November 2021: Water and wastewater treatment company De.mem Limited (ASX:DEM) (“De.mem” or “the Company”) is pleased to release the attached Investor Presentation with updated information about the business for future investors.

This announcement has been authorised for released to ASX by the Board of Directors.

-ENDS-

For further information, please contact:

De.mem Limited Andreas Kroell CEO De.mem Limited [email protected]

De.mem Limited (ASX:DEM) is an Australian-Singaporean decentralised water and wastewater treatment business that designs, builds, owns and operates turnkey water and wastewater treatment systems for some of the world’s largest companies in the mining, electronics, chemical, oil & gas, and food & beverage industries. Its systems also provide municipalities, residential developments and hotels/resorts across the Asia Pacific with a reliable supply of clean drinking water.

De.mem’s technology to treat water and wastewater is among the most advanced globally. The Company is headquartered in Australia and has international locations in Singapore, Germany and Vietnam. It is commercialising an array of innovative proprietary technologies from its research and development partner, Nanyang Technological University (NTU) in Singapore, a world leader in membrane and water research. Technologies uniquely offered by De.mem include a revolutionary low-pressure hollow fibre nanofiltration membrane that uses less electricity and is cheaper to operate than conventional systems, as well as a new Forward Osmosis membrane deployed in dewatering applications or the concentration of liquids.

To learn more, please visit: www.demembranes.com

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of De.mem Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

De.mem Limited (ASX:DEM) | Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 | [email protected] | +613 9692 7222 | ACN: 614 756 642 demembranes.com

==> picture [132 x 30] intentionally omitted <==

DECENTRALIZED WATER TREATMENT SOLUTIONS FOR INDUSTRIAL CUSTOMERS GLOBALLY

Investor Presentation 30 November 2021

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

==> picture [132 x 30] intentionally omitted <==

1. INTRODUCTION TO DE.MEM

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

DE.MEM SNAPSHOT

==> picture [77 x 367] intentionally omitted <==

De.mem provides decentralized water treatment solutions for industrial customers in key segments

Its portfolio of world class membrane technology has broad application - potable water, industrial waste water, recycling & reuse and process water

Solutions valuable to mining, food & beverage and heavy industrial segments with high demand for water and wastewater solutions

De.mem’s containerized Build-Own-Operate solutions have appeal to target markets and provide consistent, high margin recurring revenue

==> picture [132 x 30] intentionally omitted <==

==> picture [321 x 300] intentionally omitted <==

----- Start of picture text -----

Non-
recurring
~32%
$13.8m
Cash receipts
Recurring
2021 YTD ~68%
(9 months)
----- End of picture text -----*

*September 2021 Quarterly Activities Report, released 27 October 2021

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

BLUE CHIP INDUSTRIAL CUSTOMER BASE

==> picture [132 x 30] intentionally omitted <==

==> picture [140 x 39] intentionally omitted <==

==> picture [109 x 84] intentionally omitted <==

==> picture [171 x 64] intentionally omitted <==

==> picture [174 x 35] intentionally omitted <==

==> picture [150 x 34] intentionally omitted <==

==> picture [150 x 57] intentionally omitted <==

==> picture [129 x 92] intentionally omitted <==

==> picture [128 x 128] intentionally omitted <==

==> picture [147 x 69] intentionally omitted <==

==> picture [102 x 54] intentionally omitted <==

==> picture [250 x 47] intentionally omitted <==

==> picture [157 x 69] intentionally omitted <==

==> picture [114 x 84] intentionally omitted <==

==> picture [154 x 52] intentionally omitted <==

==> picture [125 x 125] intentionally omitted <==

==> picture [84 x 71] intentionally omitted <==

==> picture [115 x 74] intentionally omitted <==

==> picture [153 x 47] intentionally omitted <==

==> picture [86 x 78] intentionally omitted <==

==> picture [92 x 77] intentionally omitted <==

==> picture [125 x 70] intentionally omitted <==

==> picture [87 x 47] intentionally omitted <==

==> picture [157 x 35] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

EXPERIENCED LEADERSHIP

==> picture [100 x 124] intentionally omitted <==

==> picture [89 x 119] intentionally omitted <==

==> picture [84 x 111] intentionally omitted <==

Cosimo Trimigliozzi Non-Executive Chairman

Andreas Kroell CEO & Executive Director

Bernd Dautel Non-Executive Director

30-year experience in the feed and food ingredients / flavours & fragrances industry

Previously Director and Partner of New Asia Investments, a Singaporebased technology investment firm, responsible for numerous investments in the water and industrial sectors

Director and Partner with New Asia Investments for the past decade

Former COO at Wild Flavors, and was a key member involved in the sale of the Company to ADM Group for approx. US$2.5 billion

Previously MD of Wieland Asia/Pacific, growing the Asia-Pacific business from a small enterprise to generating more than SGD$400 million in revenues, for one of the world’s leading independent producers of semi-finished copper and copper alloy products

Experience at Nanostart AG, a German publicly listed nanotech-focused VC fund, and holding corporate finance roles with Deutsche Bank and Deloitte in Germany

Previously, MD Asia for Givaudan, Switzerland

==> picture [95 x 113] intentionally omitted <==

Stuart Carmichael Non-Executive Director

Principal and Director at Ventnor specialising in corporate and financial advice to small cap ASX listed companies including capital raisings, IPO’s, restructures and M&A

A Chartered Accountant with over 20 years’ experience in the provision of corporate advisory services both within Australia and internationally

==> picture [132 x 30] intentionally omitted <==

==> picture [84 x 111] intentionally omitted <==

Michael Edwards Non-Executive Director

A Geologist and Economist with over 20 years of senior management experience in both the private and public sector Currently Non-Executive Director of Norwood Systems Ltd (ASX:NOR) and as NonExecutive Chairman of International Goldfields (ASX:IGS)

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

CORPORATE SNAPSHOT

Market Data
ASX Code	DEM
Ordinary Shares	219.6m
Market capitalisation	$52.7m
Cash plus term deposits (30 September 2021)	$8.7m
Last price (26 November 2021)	$0.24
52 week high 52 week low	$0.35 $0.23
Major Shareholders
NA Singapore Early Stage Venture Fund Perennial Value Management	20% 14%
New Asia Investments	5%
Pathfinder Asset Management	4%
Management	2%

==> picture [132 x 30] intentionally omitted <==

==> picture [450 x 194] intentionally omitted <==

----- Start of picture text -----

Share Price Performance since 1 July 2019
$0.40
$0.35
$0.30
$0.25
$0.20
$0.15
$0.10
$0.05
$0.0
Jul-2019 Nov-2019 Apr-2020 Aug-2020 Jan-2021 May-2021 Oct-2021
----- End of picture text -----

DEM Relative to ASX Small Industries

==> picture [423 x 150] intentionally omitted <==

----- Start of picture text -----

220%
200%
180%
160%
140%
120%
100%
80%
60%
Jul-2019 Nov-2019 Apr-2020 Sep-2020 Jan-2021 Jun-2021 Nov-2021
DEM.ASX XSI.ASX
----- End of picture text -----

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

INVESTMENT HIGHLIGHTS

==> picture [132 x 30] intentionally omitted <==

==> picture [74 x 375] intentionally omitted <==

Comprehensive industrial water and wastewater treatment solutions backed by a portfolio of world class membrane technology Significant install base with foothold into blue-chip, multinational industrial customers Build-Own-Operate model driving recurring revenue opportunity Bolt-on acquisitions at favourable valuations creating new synergies and revenue opportunities ESG investment and regulatory trends driving adoption of wastewater solutions Footprint in Asia-Pacific and EU with significant pent-up demand and potential for global rollout

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

==> picture [132 x 30] intentionally omitted <==

2. THE DE.MEM BUSINESS & OPPORTUNITY

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

VISION AND MISSION

==> picture [132 x 30] intentionally omitted <==

==> picture [303 x 303] intentionally omitted <==

----- Start of picture text -----

Vision
To become the worldwide
market leader in
de-centralized water and
waste water treatment
----- End of picture text -----

==> picture [303 x 303] intentionally omitted <==

----- Start of picture text -----

Mission
Achieve this objective based
on the strong commitment of
our employees and a
portfolio of disruptive
technologies and product
innovations, which can
address the diverse and
urgent needs of our
customers in our target
segments
----- End of picture text -----

==> picture [301 x 302] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

KEY TRENDS DRIVING ADOPTION

==> picture [132 x 30] intentionally omitted <==

Growing market demand for decentralised water and waste water solutions for customers

==> picture [171 x 128] intentionally omitted <==

==> picture [170 x 128] intentionally omitted <==

==> picture [171 x 128] intentionally omitted <==

==> picture [170 x 128] intentionally omitted <==

Water security and sustainability

Water availability in ESG investor demands in remote projects Europe and increasingly worldwide

Regulatory tailwinds forcing greater focus on water

Driving increased global demand for water and waste water solutions

Source: Bloomberg NEF, 2020

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

KEY PERSISTENT ISSUES OF INDUSTRIAL CUSTOMERS

==> picture [468 x 406] intentionally omitted <==

----- Start of picture text -----

Consistent, bulk
users of water
Water critical to the
business model
Regulatory pressure
e.g. by EPA
Water and water
management represents
a large ongoing cost
----- End of picture text -----

==> picture [132 x 30] intentionally omitted <==

Significant opportunity to reuse water to lower waste and optimise costs Estimated global market for hollow fibre membrane technologies US$16 bn by 2026 (forecast)

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

KEY INDUSTRIAL SEGMENTS TARGETED

==> picture [673 x 180] intentionally omitted <==

----- Start of picture text -----

Mining Municipal / infrastructure Food & beverage
----- End of picture text -----

Potable/sewage treatment for mining camps
Potable • Waste water
Sewage treatment • Process water
• Water treatment for • Recycling industrial facilities
Waste water

==> picture [132 x 30] intentionally omitted <==

==> picture [211 x 180] intentionally omitted <==

----- Start of picture text -----

General industrial
----- End of picture text -----

Industrial waste water
Process water
Recycling
Supply of water for mine operations

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

KEY TECHNOLOGY: HOLLOW FIBRE MEMBRANE

==> picture [132 x 30] intentionally omitted <==

Clean water

==> picture [15 x 18] intentionally omitted <==

==> picture [14 x 17] intentionally omitted <==

==> picture [79 x 160] intentionally omitted <==

Feed water i.e. Industrial waste water

Membrane Modules

==> picture [193 x 129] intentionally omitted <==

De.mem membrane

module with membrane

fibre bundle

Membrane Bundles

==> picture [193 x 129] intentionally omitted <==

Only water molecules smaller than the pores pass through the membrane “barrier” of hollow fibre membranes
De.mem’s proprietary hollow-fibre membrane portfolio targets “high value add” applications, validated and in the market, including:
Potable water generation
Industrial waste-water treatment
Recycling/reuse
Industrial processes such as milk or beverage production

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

LIMITATIONS OF EXISTING COMPETITORS

==> picture [132 x 30] intentionally omitted <==

De.mem offers…

==> picture [110 x 172] intentionally omitted <==

----- Start of picture text -----

Solutions
----- End of picture text -----

==> picture [110 x 173] intentionally omitted <==

----- Start of picture text -----

Technology
----- End of picture text -----

==> picture [150 x 150] intentionally omitted <==

----- Start of picture text -----

De.mem operates in
a fragmented
market dominated
by small, family
owned players that
are:
----- End of picture text -----

==> picture [150 x 150] intentionally omitted <==

----- Start of picture text -----

De.mem operates in
a fragmented
market with a wide
range of existing
technologies:
----- End of picture text -----

==> picture [145 x 153] intentionally omitted <==

----- Start of picture text -----

Focusing on certain niches,
i.e. technologies,
applications, target sectors
Limited in technical
capabilities
Limited in financing
capabilities
----- End of picture text -----

Established technologies (i.e. biological, chemical) being inefficient, difficult to operate, requiring large footprint

New technologies in particular membrane technology emerging over recent years

Broadly applicable solutions

Advanced technology, engineered solutions, operations & maintenance know how

Chemicals/ membranes/ consumables for the ongoing operations

A unique BOO model backed by the company’s strong balance sheet

A portfolio of advanced membrane technology for a wide range of applications

Providing clear advantages over established tech – i.e. high efficiency, superior removal of contaminants, ease of operations, minimum footprint

“Next gen” membrane technology portfolio with superior characteristics over existing membrane tech

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

BROAD APPLICATION RANGE

==> picture [132 x 30] intentionally omitted <==

De.mem technology comes with various pore sizes Removes tiny contaminants including dyes, pesticides/herbicides, microplastics, solids, viruses, bacteria etc. in a simple process

==> picture [550 x 316] intentionally omitted <==

==> picture [107 x 25] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

END-TO-END BUSINESS MODEL

Consulting

Solutions Delivery

Containerized Membrane Systems

==> picture [171 x 114] intentionally omitted <==

Multi-year service contract (Build-Own-Operate)… …or upfront revenue (Build-Own-Transfer)

Membrane Modules

==> picture [171 x 114] intentionally omitted <==

==> picture [132 x 30] intentionally omitted <==

Operations & Maintenance (consumables)

==> picture [151 x 102] intentionally omitted <==

Water Treatment Chemicals

Membranes

==> picture [151 x 102] intentionally omitted <==

==> picture [152 x 102] intentionally omitted <==

Pumps & Hydraulics

Chemical Dosing Equipment

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

BUILD, OWN, OPERATE EXAMPLE DEPLOYMENTS

==> picture [132 x 30] intentionally omitted <==

De.mem currently has 15 BOO and service contracts under operations

==> picture [273 x 241] intentionally omitted <==

----- Start of picture text -----

Factory of multinational in
Singapore
Leading industrial company
in Australia
----- End of picture text -----

==> picture [241 x 176] intentionally omitted <==

==> picture [242 x 176] intentionally omitted <==

Containerized industrial waste water treatment plant
Build, Own, Operate contract
Deploying De.mem hollow fibre membranes as key treatment step

• Treats the waste water from the client’s facility to regulatory discharge standards

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

FINANCIAL PERFORMANCE

==> picture [132 x 30] intentionally omitted <==

==> picture [883 x 349] intentionally omitted <==

----- Start of picture text -----

Cash receipts (A$m) Gross margins EBITDA (A$m)
16.5
34%
13.8 31%
11.7 26%
(1.1)
(2.8)
(3.2)
CY2019 CY2020 CY2021 CY2019 CY2020 CY 2021 CY2019 CY2020 CY 2021
(9 months to 30/9) (6 months to 30/6) (6 months to 30/6)
----- End of picture text -----

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

STRONG REVENUE MIX

==> picture [132 x 30] intentionally omitted <==

Primary objective is to expand recurring revenue segments

Build, Own, Operate (BOO) contracts
Non• Operations & Maintenance
recurring contracts
~32% •
• Remote monitoring services $13.8m
Projects (tender based) •
• Supply of larger Cash receipts Recurring Membrane replacement sales into 2021 YTD ~68% existing facilities
equipment (9 months)* • Specialty chemicals sales
• Pump sales
Sales of small equipment and consumables

*September 2021 Quarterly Activities Report, released 27 October 2021

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

==> picture [132 x 30] intentionally omitted <==

3. GROWTH STRATEGY

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

DE.MEM POSITIONED FOR STRONG GROWTH

Compelling one stop shop product and services range to industrial customers completed

==> picture [518 x 331] intentionally omitted <==

Australian wide service & support capability completed

Qualified and validated with numerous multi-site clients in key growth segments

==> picture [132 x 30] intentionally omitted <==

Key proprietary membrane technologies validated

BOO model as unique service offer to industrial customers validated

Current manufacturing capability supporting $30m in revenues with low capex scalability

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

GROWTH PLAN

==> picture [132 x 30] intentionally omitted <==

==> picture [85 x 379] intentionally omitted <==

Focus on recurring revenue segments
Ongoing top line growth
Strong pipeline with new contracts
Grow with existing multi-site/multi-national client base from site to site
Clear roll out plan for proven membrane technology
Product and technology
“Next-gen” graphene membrane technology currently in pilot projects
Further enhancement of intellectual property and product portfolio
Proven ability to add value to bolt-on acquisitions, with all three acquisitions since 2019 achieving substantial revenue growth

Acquisition value-add

Proven ability to “cross-sell” innovative membrane technology into existing sales channels
Australia-wide networks of workshops and support offices
Geographic • Focus on international expansion in particular through established hubs in
expansion Singapore (SE Asia), Germany (Europe)

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

TOP LINE, RECURRING REVENUE GROWTH

==> picture [132 x 30] intentionally omitted <==

Recurring revenue (A$m)

Recurring revenue as a % of total cash receipts

==> picture [419 x 305] intentionally omitted <==

----- Start of picture text -----

12.6
9 months figures
CAGR: 48% annualized
since CY2018
9.6
6.3
9.4
3.9
YTD
Sep '21
CY 2018 CY 2019 CY 2020 2021
----- End of picture text -----

==> picture [428 x 311] intentionally omitted <==

----- Start of picture text -----

79% increase in
68%
recurring revenue
58%
54%
38%
CY 2018 CY 2019 CY 2020 9 months to 30/9/2021
----- End of picture text -----

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

GROWING WITH MULTINATIONAL CLIENTS

==> picture [132 x 30] intentionally omitted <==

Initial BOO 2[nd] BOO 3[rd] BOO Future pilot site project project 2016 2019 2020 $0.4m $1.7m $0.8m After successful pilot, Second site for Third site for Client has more than initial contract for multinational building multinational in 50 production sites 2-year period on pilot program Singapore globally In operation since 2017, In operation since In operation since multiple 12 month 2021 2021 extensions realised

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

NEXT GENERATION GRAPHENE TECHNOLOGY

==> picture [132 x 30] intentionally omitted <==

New range of “Next Generation” membranes are infused with Graphene Oxide (GO) nanoparticles
Increased water flux (throughput) over standard polymer membrane by 20-40% - reducing operating cost
Produced at the Company’s existing facility in Singapore using existing manufacturing equipment
Industrial scale pilot projects in Singapore in progress

==> picture [255 x 339] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

PERFORMANCE OF ACQUISITIONS

Revenue performance of acquisitions

==> picture [427 x 277] intentionally omitted <==

----- Start of picture text -----

4.4
+34% 4.0
3.6
3.3
+60%
+100%
2.5
1.8
Capic Pumptech Tasmania Geutec
----- End of picture text -----

==> picture [132 x 30] intentionally omitted <==

Three acquisitions since 2019
Outstanding acquisition track record with each achieving significant growth through cross-selling
All three companies earn stable, recurring revenues
Bolt-on acquisitions as an option to further accelerate top line growth

Annual revenue pre-acquisition Annualised revenues post-acquisition

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

GEOGRAPHIC EXPANSION

Focus on international expansion in particular through established hubs in Singapore (SE Asia), Germany (Europe)

Offices Projects Completed

==> picture [132 x 30] intentionally omitted <==

Significant pent-up demand for water and waste water solutions

ESG requirements from EU companies in particular driving adoption and change

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

INVESTMENT HIGHLIGHTS

==> picture [132 x 30] intentionally omitted <==

==> picture [74 x 375] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

IMPORTANT NOTICE & DISCLAIMER

==> picture [132 x 30] intentionally omitted <==

This presentation has been prepared by De.mem Limited and its related entities (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

Future Matters

This presentation contains reference to certain intentions, expectations, future plans, strategy, revenue forecasts and prospects of the Company. Those intentions, expectations, future plans, strategy, revenue forecasts and prospects may or may not be achieved and may be forward looking statements. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy, revenue forecasts and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

US Disclosure

This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“Securities Act”). The Company’s shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers.

All figures included in this presentation are in AUD$ unless otherwise stated. Assumed exchange rate of AUD$1:USD$0.75

DE.MEM LIMITED (ASX:DEM)

INVESTOR UPDATE – NOVEMBER 202 ~~1~~

==> picture [132 x 30] intentionally omitted <==

==> picture [279 x 64] intentionally omitted <==

DE.MEM LIMITED (ASX:DEM)

AI assistant

DE.MEM LIMITED — Investor Presentation 2021

64766_rns_2021-11-29_688d2cfc-3117-49d0-8063-3ba5f479a18d.pdf

Investor Presentation

-ENDS-

For further information, please contact:

Forward Looking Statements

1. INTRODUCTION TO DE.MEM

DE.MEM SNAPSHOT

BLUE CHIP INDUSTRIAL CUSTOMER BASE

EXPERIENCED LEADERSHIP

CORPORATE SNAPSHOT

DEM Relative to ASX Small Industries

INVESTMENT HIGHLIGHTS

2. THE DE.MEM BUSINESS & OPPORTUNITY

VISION AND MISSION

KEY TRENDS DRIVING ADOPTION

Growing market demand for decentralised water and waste water solutions for customers

KEY PERSISTENT ISSUES OF INDUSTRIAL CUSTOMERS

KEY INDUSTRIAL SEGMENTS TARGETED

KEY TECHNOLOGY: HOLLOW FIBRE MEMBRANE

Membrane Bundles

LIMITATIONS OF EXISTING COMPETITORS

BROAD APPLICATION RANGE

END-TO-END BUSINESS MODEL

BUILD, OWN, OPERATE EXAMPLE DEPLOYMENTS

FINANCIAL PERFORMANCE

STRONG REVENUE MIX

Primary objective is to expand recurring revenue segments

3. GROWTH STRATEGY

DE.MEM POSITIONED FOR STRONG GROWTH

GROWTH PLAN

TOP LINE, RECURRING REVENUE GROWTH

Recurring revenue (A$m)

GROWING WITH MULTINATIONAL CLIENTS

NEXT GENERATION GRAPHENE TECHNOLOGY

PERFORMANCE OF ACQUISITIONS

Revenue performance of acquisitions

GEOGRAPHIC EXPANSION

INVESTMENT HIGHLIGHTS

IMPORTANT NOTICE & DISCLAIMER

Future Matters

US Disclosure

More from DE.MEM LIMITED

DE.MEM LIMITED Investor Presentation 2021