PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED — AGM Information 2022

May 26, 2022

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Annual General Meeting 2022

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World leaders in water remediation

Driving sustainable growth

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Disclaimer

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Statements contained in this presentation, particularly
those regarding possible or assumed future performance,
estimated company earnings, potential growth of the
company, industry growth or other trend projections are
or may be forward looking statements. Such statements
relate to future events and expectations and therefore
involve unknown risks and uncertainties. Actual results
may differ materially from those expressed or implied by
these forward looking statements.
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Items of Business

1. Consideration of the 2021 Annual Report of the Company

2. Resolution 1: Adoption of the Company’s Remuneration Report

3. Resolution 2: Re-election of Ms Brenda Shanahan AO as a Director of the Company

4. Resolution 3: Resolution to hold a meeting for fresh election of Directors

5. Other business, should there be any

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How to vote

When the poll is open, select the vote icon at the top of the screen

To vote, select either For, Against or Abstain

You will see a vote confirmation

To change or cancel your vote “click here to change your vote” at any time until the poll is closed

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Items of Business
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1. Consideration of the 2021 Annual Report of
the company
FOR AGAINST ABSTAIN
2. Adoption of the Company’s Remuneration
Report (Resolution 1)
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Proxies before meeting

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Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting
Securities On Issue 624,390,509 Valid Securities Voted (For, Against, Open Usable, Open Conditional) 120,074,299 Valid Securities Voted (%) 19.23 Total Securityholders Cast 629
Resolution	For	Against	Open Board	Open Non-Board	Abstain	Excluded
1 Remuneration Report Voted % % of all securities	75,547,304 62.92 12.10	19,529,712 16.26 3.13	18,707,624 15.58 3.00	6,289,659 5.24 1.01	1,190,031 N/A 0.19	105,915,922 N/A 16.96
2 Re-elect Ms B Shanahan AO Voted % % of all securities	143,541,074 63.32 22.99	58,188,030 25.67 9.32	18,691,256 8.24 2.99	6,289,659 2.77 1.01	470,233 N/A 0.08	0 N/A 0.00
3 Spill Meeting Voted % % of all securities	36,895,796 30.70 5.91	57,699,527 48.01 9.24	19,299,407 16.06 3.09	6,289,659 5.23 1.01	1,079,941 N/A 0.17	105,915,922 N/A 16.96

Please note: Voting forms have been recorded and audited. The figures above can now be regarded as final.

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How to ask a question

To ask a written question select the Q & A icon

Select the topic your question relates to from the drop-down list

Type your question in the text box and press the send button

To ask a verbal question follow the instructions below the broadcast window.

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Chairman
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Krasnostein
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Mr Lachlan McKinnon
Managing Director / CEO
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Today’s topics

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2021 Performance Reviews update Outlook for the company

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2021 Performance

Rebuilding and dealing with legacy issues Headwinds – COVID and government focus

Financial results – headline

Revenues $6.3 million Gross Profit $3.6 million NPAT ($3.9 million) Cash on hand (end Dec) $23.0 million

Cost management

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Regional update 2021 review

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Frustrating
regulatory position
Strong projects
available
Excellent progress with
multiple treatments in
many geographies
Disappointing sales result
Highlight Kralingse Plas
Change distribution set up
Development of water
utilities relationship
Florida development
positive
-
Solid year in Brazil continuing
projects and new developments
Development of Ecuador
–
Uruguay Agent appointment
sales late 2021 / early 2022
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Business reset
Disappointing sales result
Go to market channel changes
Continued challenges with
payments
Several completed
–
projects in AU QLD & WA
COVID delayed NZ project
until mid 2022
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Customer & Commercial

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Manufacturing Research & & Supply Chain Development

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People, Performance & Culture

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Strengthen commercial platform

Building sales teams and distribution arrangements in key target regions Travel restrictions easing, allowing important inmarket access for sales and management teams Pipeline of new product and service offerings, with a strong commercial emphasis

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Focused R&D program

Flowing Water Developments

Core

Enhance Phoslock effectiveness, affordability and ease of use to expand to new or underserved markets

Transformative

Enable phosphorus and other nutrients to be removed from flowing water

Adjacent Cross-sell products and services that address key customer pain points

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Manufacturing & Supply Chain

Casper in Wyoming, USA preferred location for second manufacturing plant

Investment to improve China plant capacity

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People, Performance & Culture

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Clear aspiration +
Unlocked
Diverse capability + = Aquatic Science
potential
Networked culture
Nimble
Product Networked Customer
Our culture invites people Solutions Team Relationship
to Care, Collaborate and
be Courageous
Operations
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Outlook & 2022 focus

Challenge in 2022 to rebuild sales pipeline and continue strategy execution, with focus on cost control

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Positive projects and leads for sales growth Large and growing market potential

New products adding multi-dimensional opportunities

Continue regulatory process Project development & management Leverage off KP and solid Western Europe pipeline Focus on distribution Projects in Scandinavia networks, orders already flowing Distribution and Water Utilities Large lake development Sales Resources Continue existing projects with new opportunities emerging in Brazil Expand Uruguay

Embed new sales model Modest sales growth Secure payments

Focus on existing Australian projects, and repeat business

Expanded resources and efforts in NZ, leveraging off Auckland

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Chairman
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Krasnostein
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Resolutions

Item 2

Item 3

Adoption of the Company’s Remuneration Report (Resolution 1) – advisory resolution only Re-election of Ms Brenda Shanahan AO as a Director of the Company (Resolution 2)

Item 4 Resolution to hold a meeting for fresh election of Directors (Resolution 3) – conditional resolution

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Mr Barry
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Chair of Remuneration and Benefits
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Resolutions

Item 2

Item 3

Adoption of the Company’s Remuneration Report (Resolution 1) – advisory resolution only Re-election of Ms Brenda Shanahan AO as a Director of the Company (Resolution 2)

Item 4 Resolution to hold a meeting for fresh election of Directors (Resolution 3) – conditional resolution

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Proxies before meeting

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Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting	Proxies before meeting
Securities On Issue 624,390,509 Valid Securities Voted (For, Against, Open Usable, Open Conditional) 120,074,299 Valid Securities Voted (%) 19.23 Total Securityholders Cast 629
Resolution	For	Against	Open Board	Open Non-Board	Abstain	Excluded
1 Remuneration Report Voted % % of all securities	75,547,304 62.92 12.10	19,529,712 16.26 3.13	18,707,624 15.58 3.00	6,289,659 5.24 1.01	1,190,031 N/A 0.19	105,915,922 N/A 16.96
2 Re-elect Ms B Shanahan AO Voted % % of all securities	143,541,074 63.32 22.99	58,188,030 25.67 9.32	18,691,256 8.24 2.99	6,289,659 2.77 1.01	470,233 N/A 0.08	0 N/A 0.00
3 Spill Meeting Voted % % of all securities	36,895,796 30.70 5.91	57,699,527 48.01 9.24	19,299,407 16.06 3.09	6,289,659 5.23 1.01	1,079,941 N/A 0.17	105,915,922 N/A 16.96

Please note: Voting forms have been recorded and audited. The figures above can now be regarded as final.

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Thank you!

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ASX Code: PET

Unit D, Level 2, 650 Chapel Street South Yarra VIC 3141 AUSTRALIA

T +61 3 91100002 W www.phoslock.com.au

– Lachlan McKinnon CEO E lmckinnon@phoslock.com.au - Greg Slade Investor Relations E ir@phoslock.com.au