Energy Recovery, Inc. (NASDAQ:ERII) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Jim Siccardi - Vice President of Investor Relations Bob Mao - Chairman, President & Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Pavel Molchanov - Raymond James Operator Greetings, ladies and gentlemen, and welcome to Energy Recovery Third Quarter of 2022 Conference Call. At this time, all participants are in listen-only mode. A question-and-a ...

NASDAQ: ERII Midwest IDEAS Conference Jim Siccardi, VP Investor Relations August 24, 2022 Forward-looking Statement This presentation contains forward-looking statements within the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this report include, but are not limited to, statements about our expectations, objectives, anticipations, plans, hopes, beliefs, intentions, or strategies regarding the future. Forwardlooking statements that represent ...

Energy Recovery, Inc. (NASDAQ:ERII) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants James Siccardi - Vice President, Investor Relations Bob Mao - Chairman, President and CEO Joshua Ballard - Chief Financial Officer Conference Call Participants Neil Thompsons - Family Securities Wally Walker - Hana Road Capital Operator Greetings. And welcome to Energy Recovery Second Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to __________ Commission File Number: 001-34112 Energy Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 01-0616867 ( ...

NASDAQ: ERII Sidoti & Co Virtual Small-Cap Conference Energy Recovery Presentation – June 15, 2022 James Siccardi, VP Investor Relations Forward looking statement This presentation contains forward-looking statements within the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this report include, but are not limited to, statements about our expectations, objectives, anticipations, plans, hopes, beliefs, intentions, or strategies regarding the fu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to __________ Commission File Number: 001-34112 Energy Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 01-0616867 ...

Financial Performance & Growth - Energy Recovery experienced an average product revenue growth of 20% from 2015 to 2021[4] - The company's gross margin in 2021 was greater than 68%[4] - As of the report, the company had $108 million in cash and securities with no debt[4] - Share price grew 3.5X since 2018, outpacing U S indices[4] ESG Impact - Energy Recovery's technology saves customers $2.6 billion annually in energy expenses[5] - The company's products avoid 12.5 million metric tons of emissions annually, equivalent to removing nearly 3 million vehicles from the road[5] - Over 90% of the company's product revenue comes from energy-efficiency related products[5] Strategic Focus & Market Opportunity - The company aims to achieve long-term sustainable growth by enhancing the environmental sustainability of customer operations[6] - Energy Recovery projects to double sales to approximately $200 million by 2026 in the reverse osmosis desalination market[19] - The industrial wastewater market presents a ~$1 billion addressable market with the potential to triple by 2030[20] - Energy Recovery is targeting 25%-40% average revenue growth through 2026[27]

Financial Data and Key Metrics Changes - The company achieved a record revenue of $104 million in 2021, exceeding the original guidance of 10% growth by 3%, resulting in a 13% year-over-year increase [7] - Product gross margin ended the year just shy of 69%, with a slight decrease attributed to increased sales of lower margin products [34] - Operating expenditures decreased to 55% of product revenue from over 60% in 2020, indicating improved operational efficiency [35] Business Line Data and Key Metrics Changes - The desalination business saw double-digit growth, with a target to double the business by 2026 [11] - Industrial wastewater sales reached $1 million in the first year, with a sales pipeline growing into double-digit millions, and guidance set for $3 million in 2022 [15] - The refrigeration segment received positive industry response, with the first joint development agreement signed with a leading manufacturer [20] Market Data and Key Metrics Changes - Asia sales grew 2.5 times over 2020, exceeding pre-pandemic trends by about 40%, indicating a significant shift in market dynamics [33] - The company anticipates continued growth in Asia, driven by both desalination and industrial wastewater businesses [33] Company Strategy and Development Direction - The company aims to maintain a disciplined approach to growth, focusing on profitability while expanding into new industries [10] - A strategic focus on evolving products to enhance customer experience and maintain market position is emphasized [12] - The company is targeting $100 million to $300 million in revenue by 2026, driven by favorable regulatory pressures and market opportunities [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a cash flow breakeven run rate in both industrial wastewater and refrigeration businesses by the end of 36 months [46] - The company is monitoring inflation and potential interest rate increases but does not foresee them as risks to growth in the next 12 to 24 months [52] Other Important Information - The company executed buybacks valued at $23 million in 2021 and has repurchased a cumulative $27 million worth of shares to date [49] - A working capital agreement for $50 million was signed with JPMorgan Chase to provide flexibility in managing working capital as the company grows [50] Q&A Session Summary Question: G&A expense for sales and marketing outlook - Management indicated that G&A expenses would not significantly increase year-over-year, with a focus on better allocation of expenses [56] Question: Gross margins in lithium ion and wastewater business - Management targets long-term gross margins in line with desalination but expects initial margins to be lower [58] Question: Impact of geopolitical issues on business - Management does not expect disruptions in sourcing or supply chain due to geopolitical issues, citing built-up inventory as a buffer [63] Question: Operating leverage and cash realization from inventory - Management explained that cash realization from Q4 sales would occur in Q1, with a stable inventory expected for the year [67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-34112 Energy Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 01-0616867 (State or Other Ju ...

Energy Recovery, Inc. (NASDAQ:ERII) Q3 2021 Results Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Jim Siccardi - Vice President of Investor Relations Bob Mao - Chairman of the Board of Directors, President, Chief Executive Officer Joshua Ballard - Chief Financial Officer Conference Call Participants Wally Walker - Hana Road Capital Paul Sonz - Sonz Partners Robert Smith - Center for Performance Investing Operator Greetings. Welcome to Energy Recovery third quarter 2021 earnings c ...