CHAR Technologies (YES) investor relations material

Investment highlights

• First facility began commissioning in Q1 2026, reducing project risk.

• Path to $131M annual project revenue and $42M free cash flow across five facilities.

• Long-term contracted revenue, including a 20-year RNG offtake and a 5-year, 62,500-tonne biocarbon agreement.

• Multiple growth vectors: core facilities, EU licensing, and PFAS destruction.

• Strong margins supported by non-dilutive project financing.

Strategic partnerships and validation

• ArcelorMittal holds a 7.3% stake and signed a biocarbon offtake agreement, validating steel industry demand.

• Elkem signed a 5-year, 62,500-tonne biocarbon offtake and sold its Saguenay facility, expanding into ferrosilicon markets.

• BMI Group is a 9.46% shareholder, providing $18M in project commitments and construction resources.

• Indigenous partnership secures wood waste feedstock, with $80M+ in potential revenue.

Project pipeline and financial projections

• Five-facility pipeline targets $131M annual revenue and $42M free cash flow to equity.

• Thorold facility: $28M revenue, $9M free cash flow, 10,000 tonnes biocarbon, 425,000 GJ RNG annually.

• Lake Nipigon: $44M revenue, $14M free cash flow, 15,000 tonnes biocarbon, 750,000 GJ RNG annually.

• Additional projects in Saint-Félicien, Espanola, Saguenay, and Baltimore expand capacity and market reach.