SCIDEV LTD — Investor Presentation 2022

Feb 1, 2022

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Investor Presentation

Lewis Utting

MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER

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for a cleaner
environment
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SCIDEV | INVESTOR PRESENTATION

SCIDEV | INVESTOR PRESENTATION

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SciDev is a leader in the environmental solutions market focused on water intensive industries. Our solutions allow our clients to:

Recycle and reuse water

Reduce waste footprints and costs

Improve operational efficiencies

Our unique solutions provide:

The only commercialised, sustainable approach to tackle the global PFAS problem

Environmentally better outcomes for our clients when dealing with liquid wastes in the Mining, Construction and Oil & Gas verticals

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Our Metrics

170,000 750 MCG’s >150hrs $48m* $16.4m Olympic swimming of tailings treated of research per client of annualised net cash position pools of water preventing > 200 to develop a bespoke revenue as at 31 treated in FY21 million litres of chemistry solution to December 2022 generating <65t of water passing in to meet their specific requirements waste tailings * unaudited

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Annualised Revenue Customers
70
66
$48
$43 $42 53
51
38
$18
$8
Dec '19 Jun '20 Dec '20 Jun '21 Dec '21
Dec '19 Jun '20 Dec '20 Jun '21 Dec '21
Annualised Revenue
Customers
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170,000 Olympic swimming pools -> 425ML 750 MCG’s 1m depth -> 15,000,000 dry tonnes

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Our Strategy to grow
our global footprint
1 2 3 4
Deliver client and Lead the development Attract, develop and retain Partner as the end to end
shareholder value and application of the best talent Solution Provider
through supply chain technology
integration
Our Growth Initiatives
Expand Explore adjacent Charge per Leverage our Partner growth
manufacture growth tonne of waste strength
base opportunities
Target key Grow in key Fix big Expand our
countries for target markets environmental capabilities
expansion problems
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SciDev is focused on delivering environmental solutions for water intensive industries which is a US$11 billion sector within the broader US$100bn global commodity chemistry market.

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A High Growth Business

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1H FY22 Revenue Mix
0%
24%
50%
26%
Water Mining Oil Infrastructure
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Q2 FY22 Q2 FY22 CASH
& EQUIVALENTS
REVENUE REVENUE VS Q1FY22
AT 31 DEC 2021
A$16.4m
A$13.7m +32%
$14.7
$13.7
$13.1
$12.4
$11.3 $11.2
$10.4
$10.2
$9.8
$9.4
$8.9
$8.1
$7.3
$5.7 $5.5 $5.6
$4.4
$2.2
$1.5
$1.1
1QFY20 2QFY20 3QFY20 4QFY20 1QFY21 2QFY21 3QFY21 4QFY21 1QFY22 2QFY22
Cash Receipts (A$m) Revenue (A$m)
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SCIDEV | INVESTOR PRESENTATION

SciDev is committed to our people, environment and our communities

Communities

The Environment

Our People

We recognise the importance of supporting community groups

Our environmental solutions help reduce our clients waste footprints and costs

Our people are our key and we are committed to providing a safe and inclusive workplace

• Initiative to support disadvantaged students through the Schools Plus program.

• Strong focus on safety with 0 LTIFR recorded in FY21

• We significantly reduce the volume of waste water from our clients operations

• Progressing towards greater gender diversity with over 25% of our workforce female

• Our leading PFAS solutions remove 99.999% of contaminants

• SciDev has so far pledged $60,000 in support of the cause which will underpin the Schools Plus ‘Two Ways Science’ project

• Regeneration of the board through 2021 reflects commitment to maintaining highest levels of governance and excellence

• We are progressing the development of plant-based polymers to provide an alternative to petrochemical based chemistries

• The project helps support remote Indigenous schools and communities develop and implement an integrated learning program.

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SCIDEV | INVESTOR PRESENTATION

Business

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SCIDEV | INVESTOR PRESENTATION

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Mining & Mineral Infrastructure Oil & Gas Water Treatment Processing & Construction SciDev SciDev is an industry Engineered Reduce costs and Leading environmental Solutions leader in solids-liquid performance solutions operational downtime solution provider of separation in the to recycle, reuse and in the infrastructure BOO, D&C water mining and mineral minimise oilfield water and construction treatment plants for processing sector. waste. sectors. nutrient, heavy metal and organic pollutant removal US $2bn US $2bn US $1bn US $6bn Addressable Market Global mineral Specialty and Infrastructure PFAS, municipal and processing chemistry production chemical and construction industrial water market. market in US dewatering chemistry treatment market. oil and gas industry. market. FY21 A$15m A$15m A$7m A$5m Revenue[1]

1. FY21 included contribution from SciDev Water Services Pty Ltd, the acquirer of the Haldon business. Contribution from SciDev Water Services was recognised from 12 May 2021 to end of the financial year

SCIDEV | INVESTOR PRESENTATION

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Bespoke solutions are our competitive advantage

Our unique combination of world-class technology, chemistry and application expertise enables us to deliver site-specific solutions to deliver better outcomes for our clients

60 PEOPLE RESREARCH SOLUTIONS

>80% >150hrs 12 of our staff are of research per client new solutions tertiary educated as to develop a bespoke developed and scientists, engineers, chemistry solution to commercialised by chemists, greatly meet their specific SciDev to specifically aiding our business requirements address a clients development process unique environmental problem

PLANT BASED EFFICIENCY COST SAVING 17 >20% >20% sites currently using operational efficiency saving on a clients our unique and generated by our offer cost base by using environmentally when we are the SciDev chemistry and friendly plant based provider of services, professional solutions chemistries technology and when assessing the chemistry total cost of ownership (TOC) 10

SCIDEV | INVESTOR PRESENTATION

PFAS: a growing environmental issue

• Per- and Polyfluoroalkyl substances (PFAS) are a family of human-made chemicals in use since 1950’s many of which are now banned

• Primarily found in non-stick cookware, food packaging, fabric, furniture and firefighting foams

• Ability of PFAS to remain intact in the environment results in increasing levels of contamination

• PFAS contaminated soil presents major excavation and soil management challenges in large scale construction and infrastructure projects

• Sites of PFAS contaminated soil include airports, defense bases, mines, fire & rescue stations and other hazard facilities

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1 >$20m 11
giga litres of water of revenue sites where SciDev
treated generating generated by PFAS PFAS solutions have
<28t of waste treatment using been in operation
SciDev owned
technology
<0.0002ug/L 1000x 2
the reduction in PFAS EPA issued mobile
SciDev solutions &
levels via SciDev’s waste processing
technology can
treatment process licences in New
deliver solutions
than peer technology South Wales for the
well below the
treatment of PFAS
detection levels in
Australia
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• includes revenue prior to Scidev ownership

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SCIDEV | INVESTOR PRESENTATION

Source: epa.vic.gov.au

Case Study PFAS

Most mines in Australia would have low volume, but highly concentrated PFAS hotspots

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The Problem
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First and only plant in the country treating to this low level detection on a continuous basis with no discharge exceedance

Onsite and lab analysis to determine optimal process flow and treatment strategies

High relative concentration of the less regulated carboxylic acids which are typically harder to remove

AIX part of the process tailored specifically for the efficient removal of this particular group of compounds

Fully remote monitored and operated system

Treated over 200ML of contaminated water

Contamination of surface water

Stringent discharge limits

Existing within a drinking water catchment area

RESULTS

	PFOS	PFOA	Total PFAS
Raw Water – pre treatment	0.002 µg/L	0.002 µg/L	~0.570 µg/L
Post Treatment	<0.0002 µg/L	<0.0002 µg/L	<0.0002 µg/L

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SCIDEV | INVESTOR PRESENTATION

Case Study Mineral Sands

SciDev chemistry is used to improve operational efficiency in processing mineral sands tailings

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The Problem
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Process water had high salinity levels slowing processing time and efficiency of the operation

Conventional flocculants don’t work optimally in saline water limiting performance and increasing cost

Significant variation in feed from the variable ore body further complicated the challenges

SciDev solved these problems by designing bespoke chemistry and applying our professional expertise

Audit of the flocculant delivery system

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We developed
the MaxiFlox®
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Our recommendation on the flocculant delivery system increased system capacity by 25% without using chemicals

SciDev designed the MaxiFlox[(P) ] 550R to operate in the high saline environment

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high saline
water
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Our team continued to monitor the performance and recognised the use of an alkaline solution would reduce dosage requirements, further reducing the cost to the client

RESULTS

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30% reduction Increased
in chemistry Improved Reduced water return
dosage, operational tailings and water
lowering costs run time volumes quality
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SCIDEV | INVESTOR PRESENTATION

Case Study Oil and Gas

SciDev developed CatChek12 specifically to work in the high brine water in the US oil & gas industry

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The Problem
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Efficiency of oil field chemistry performance reduces in high brine water

Increasing cost of disposing of brine water

Increasing environmental regulations focused on water discharge

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For every single
barrel of oil, five
barrels of water
.
are produced
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Understanding the challenges of oilfield water and environmental regulations SciDev’s team of chemists developed CatChek12

Initial in-house development of the unique chemical chain

Lab trials conducted by a major E&P company identified improved permeability performance of CatChek12

Selected for on-site use in the Eagle Ford Shale delivering improved performance in high brine water

Commercial roll out in US oil fields in 2020

RESULTS

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Significant
cost saving on Decrease in Increase in Adherence to
the client’s fresh water water growing
budget consumption recycling regulation
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SCIDEV | INVESTOR PRESENTATION

Case Study Infrastructure

SciDev used MaxiDry[®] to improve operational efficiency in tunnel boring machine slurry dewatering

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The Problem
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Hydrated Lime is commonly used as a filter to reduce moisture content of spoil from Tunnel Boring Machine (TBM) activities

On site, the conditions required very high levels of hydrated lime to dewater the tunnel boring waste

High levels of hydrated lime lead to increased disposal fees, workplace safety concerns, maintenance issues and a high pH balance of waste water

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Cleaner spoils
reduce the
environmental
footprint , greatly
decreasing the
cost of disposal.
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SciDev worked closely with the client to identify a bespoke solution combining our unique chemistry and our professional services

Lab trials conducted on soil samples to identify replacement for hydrated lime

Field trials identified that the existing application point for the chemistry was not optimal

SciDev identified a new application point for coagulant

Multiple solutions tested to identify best application

SciDev staff improved process flow to eliminate manual handling

RESULTS

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Significant All spoil
cost saving on Significant Increase in classified as
the client’s environment water clean fill’ or
budget benefit recycling ‘PASS”
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SCIDEV | INVESTOR PRESENTATION

Investing in our production facilities and technology development

• SciDev secures its unique chemistry supply from a range of inhouse and third-party production facilities across Australia, China and the USA

• Our Australian facility, based in NSW, accounts for approximately 20% of our requirements versus the domestic Australia market accounting for approximately 50% of revenue

• We are seeing growing domestic demand for our chemistry especially among the Mining and water vertical

• Demand is also growing in the USA for SciDev chemistry across Oilfield and Construction with global shipping rates making local USA production more attractive

• Expanding our Australian production facilities, helps secure our supply chain and improve margins on domestic Australian sales, providing more flexibility on product mix

• The expansion of our Australian facilities will also expand our laboratory capabilities and provides the opportunity for our highly skilled team to expand our knowledge of and development of new solutions including plant and bio-based chemistries

• The future possible utilisation of plant and bio-based polymers will further establish our leading position in the environmental solutions market and allow our customers to reduce their carbon footprint and reduce their demand on petro chemicals

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SCIDEV | INVESTOR PRESENTATION

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Outlook
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SCIDEV | INVESTOR PRESENTATION

Outlook

SciDev delivers positive operational and environmental outcomes for our clients

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DELIVERING FOR OUR CLIENTS
OUR STRATEGIC
PILLARS
Expand our Increased Delivering best
manufacture base
Reduced Improved water return Reduced liquid in class
operating costs environment and water waste technology
by >20% performance quality volumes application
Target key countries for
DELIVERING FOR OUR SHAREHOLDERS
expansion
Leverage our strengths Expand our Increase Strengthen our
position as a
Increasing domestic operating
leading
Focus on the sales and cash inhouse margins
provider in the
health and conversion in development through value environmental
safety of all our all regions and and production chain solutions
employees verticals capabilities integration market
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2/02/2022
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SCIDEV | INVESTOR PRESENTATION

A ppendix

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T H E I N F O Y O U
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SCIDEV | INVESTOR PRESENTATION

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Our Business Development
and working capital cycle
BUSINESS DEVELOP MENT P ROJEC T ONG OING
C YC LE REVENUE REVENUE
0 – 3 M O N T H S 3 – 6 M O N T H S 6 – 1 2 M O N T H S 1 2 – 1 8 M O N T H S
Project Professional Services Field Solution Review Commercial
Targeting Development & Tender Validation Contract
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WORKING C A P ITA L C Y C LE P R E C O N T R A C T P R O J E C T O N G O I N G E N D O F
C O M M E N C E M E N T S T A R T W O R K C Y C L E C O N T R A C T
Commercial Initial working capital Movement to 90 Cashflow lags Initial working capital
Contract requirement of 30-30- day working revenue by 90 investment is recovered
40% of contract value capital cycle days in last 90 days of
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Cashflow lags Initial working capital revenue by 90 investment is recovered days in last 90 days of contract

Initial working capital requirement of 30-3040% of contract value for inventory

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SCIDEV | INVESTOR PRESENTATION

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S C IDEV BOA RD

EXEC UTIVE MANAG EMENT TEAM

SciDev Snapshot

Corporate overview
ASX code	SDV
Market cap (at $0.52 per share)	$98m
Shares on issue (at 28 Feb 2022)	187m
Cash at bank	$16.4m1
Working Capital Facilities	$6.0m2

Major shareholders3	% held
Board and Management	13%
Institutional	33%
Retail	54%

Vaughan Busby Lewis Utting NON-EXECUTIVE CHIEF EXECUTIVE CHAIR OFFICER & MANAGING DIRECTOR

Vaughan Busby

Simone Watt Jon Gourlay NON-EXECUTIVE NON-EXECUTIVE DIRECTOR DIRECTOR

Anna Hooper Craig McCloskey Kevin Smith CFO INTEGRATION PRESIDENT DIRECTOR NORTH AMERICA

Jamiel Muhor Jeffrey Zhiang Ben Gill BUSINESS MARKETING & TECHNICAL DEVELOPMENT STRATEGY DIRECTOR DIRECTOR

1) As at 31 December 2021

• 2) Drawn $0.0m at 31 December 2021

• 3) As at 30 November 2021

Dan O’Toole

Heath Roberts

COMPANY NON-EXECUTIVE SECRETARY DIRECTOR

Sean Halpin Jake Reardon COMMERCIAL TECHNICAL DIRECTOR DIRECTOR

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Jake Reardon
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SCIDEV | INVESTOR PRESENTATION

Important Information

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SCIDEV | INVESTOR PRESENTATION

Contact

C EO & MD

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Lewis Utting

(+61) 2 9622 5185

INVESTOR RELATIONS

www.scidev.com.au

Craig Sainsbury

craig.sainsbury@marketeye.com.au 0428 550 499

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PFAS
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SCIDEV | INVESTOR PRESENTATION

PFAS: a growing environmental issue

• Per- and poly-fluoroalkyl substances (PFAS) are a family of human-made chemicals in use since 1950’s many of which are now banned

• Primarily found in non-stick cookware, food packaging, fabric, furniture and firefighting foams

• Ability of PFAS to remain intact in the environment results in increasing levels of contamination

• PFAS contaminated soil presents major excavation and soil management challenges in large scale construction and infrastructure projects

• Sites of PFAS contaminated soil include airports, defense bases, mines, fire & rescue stations and other hazard facilities

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Over 580 sites around Australia have been identified to potentially contain PFAS.

SciDev solutions & technology can deliver solutionswell below the detection levelsin Australia	Location	ug/L
	SciDev process detection limit	<0.0002
	Reuse Soil	0.001
	Drinking Water	0.07
	Unlined landfill	0.07
	Recreational Water	2.0
	Fire Station (example)	600

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SCIDEV | INVESTOR PRESENTATION

Source: epa.vic.gov.au

SciDev has the only commercialised, sustainable approach to tackle the global PFAS problem

Our PFAS treatment solutions remove 99.999% of the contaminants

SciDev has been awarded EPA licenses for the mobile treatment of PFAS

Our PFAS solutions are active on sites across Australia

PFAS Treatment

▪ Every PFAS project is different and requires a tailored approach. This drives efficiency.

▪ Historically, the detection & measuring of PFAS in the environment lacked detailed accuracy at low residual levels.

▪ Recent technology has seen detection sensitivity increase, driving greater regulations on PFAS concentration limits.

▪ SciDev Water designs and develops robust PFAS treatment strategies considering all variables and outcomes.

▪ Removal rates being achieved with our clients are currently the most efficient in the country reducing residual levels below existing detection limits.

▪ Significant ability for SciDev to deliver a full treatment solution to major infrastructure and construction projects on their water treatment and PFAS remediation requirements.

▪ SciDev Water has been successful in creating a profitable business in the growing market for treating PFAS with internally developed IP.

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SCIDEV | INVESTOR PRESENTATION

Case Study PFAS - Mining Site Most mines in Australia would have low volume, but highly concentrated PFAS hotspots

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The Problem
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First and only plant in the country treating to this low level detection on a continuous basis with no discharge exceedance

Onsite and lab analysis to determine optimal process flow and treatment strategies

High relative concentration of the less regulated carboxylic acids which are typically harder to remove

AIX part of the process tailored specifically for the efficient removal of this particular group of compounds

Fully remote monitored and operated system

Treated over 200ML of contaminated water

Contamination of surface water

Stringent discharge limits

Existing within a drinking water catchment area

RESULTS

	PFOS	PFOA	Total PFAS
Raw Water – pre treatment	0.002 µg/L	0.002 µg/L	~0.570 µg/L
Post Treatment	<0.0002 µg/L	<0.0002 µg/L	<0.0002 µg/L

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SCIDEV | INVESTOR PRESENTATION