Babcock & Wilcox Enterprises (BW) investor relations material

Company overview and business model

• Globally focused energy technologies provider with nearly 160 years of experience serving industrial, utility, municipal, and other customers.

• Offers advanced technologies for coal, natural gas, hydrogen, waste, and biomass energy production, as well as environmental and carbon capture solutions.

• Maintains a vast installed base, including 500 utility and industrial boiler units, 5,000 industrial water-tube package boilers, and 300 renewable energy units.

• Aftermarket services for installed equipment drive 88% of revenue in the Q1 2026 LTM period, with a focus on North America.

• Pipeline of potential opportunities grew 84% year-over-year to over $14 billion, with targeted deployments of proprietary BrightLoop™ technology in coming years.

Financial performance and metrics

• 88% of Q1 2026 LTM revenue generated in North America.

• Pipeline for BrightLoop™ technology estimated at over $2.3 billion as of May 2026.

• Sold 23.1 million shares under a $200 million at-the-market program for net proceeds of $137.5 million as of May 12, 2026.

• 148,839,531 shares of common stock and 7,668,817 shares of preferred stock outstanding as of May 19, 2026.

Use of proceeds and capital allocation

• No proceeds will be received from the sale of shares by selling stockholders; all proceeds go to selling stockholders.

• Company pays all registration costs, expenses, and fees; selling stockholders bear commissions and discounts.