Birchtech (BCHT) IAccess Alpha - Virtual Best Ideas Spring Investment Conference 2025 summary

Company overview and technology

• Develops activated carbon technologies for mercury removal from air and forever chemicals from water, with 35 patents in air and water purification.

• SEA process used in over 80% of U.S. power plants employing sorbent technology for mercury removal.

• Water purification business targets PFAS and other contaminants, with commercial launch planned for second half of 2025.

• Strong IP portfolio, with $35 million secured from license arrangements and $57 million jury award pending final judgment.

• Team expanded with nine new water treatment specialists and robust infrastructure in Pennsylvania and North Dakota.

Market position and regulatory environment

• Regulatory tailwinds in air and water purification expected to drive long-term growth, with new water regulations effective by 2027 and 2029.

• Coal-fired power plants remain a significant U.S. energy source, projected to increase under new administration.

• Potable water treatment solutions positioned to address growing compliance needs for utilities.

• Heightened activity in water testing and compliance anticipated from late 2025 onward.

• Large, stable addressable markets in both air and water sectors.

Financial performance and projections

• 2025 revenue guidance is $23 million, excluding potential license and water revenues.

• Air business revenue run rate projected to reach $40 million annually by end of 2026.

• Water business expected to be 5-10 times larger than air, with $8 million in product sales targeted for late 2025.

• EBITDA margins for air business over 30%; water margins expected to reach 40%-50% after new plant completion.

• $57 million jury award and $35 million in prior settlements not included in current projections.