Enteq Technologies : Investor Presentation – Interim Results 2022

Interim Results September 2022

Andrew Law, CEO

David Steel, CFO

Disclaimer

This presentation (this "presentation") is for general information only and is the property of Enteq Technologies plc ("Enteq"). Making this presentation available in no circumstances whatsoever implies the existence of a commitment or contract by or with Enteq, or any of its affiliated entities, or any of its or their respective subsidiaries, directors, officers, representatives, employees, advisers or agents ("Affiliates") for any purpose.

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All projections, estimations, forecasts, budgets and the like in this presentation are illustrative exercises involving significant elements of judgement and analysis and using assumptions, which assumptions, judgements and analyses may or may not prove to be correct. The actual outcome may be materially affected by changes in e.g. economic and/or other circumstances. Therefore, in particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the achievability or reasonableness or any projection of the future, budgets, forecasts, management targets or estimates, prospects or returns. You should not do anything (including entry into any transaction of any kind) or forebear to do anything on the basis of this presentation. Before entering into any arrangement, commitment or transaction you should take steps to ensure that you understand the arrangement, commitment or transaction and have made an independent assessment of the appropriateness of the arrangement, commitment or transaction in light of your own objectives and circumstances, including the possible risks and benefits of entering into such an arrangement, commitment or transaction.

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The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.

Date: November 2022

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Executive Team

Andrew Law, CEO

• Technical, product development, operations and management roles with Schlumberger and Weatherford
• KPMG corporate finance background
• London Business School, Sloan fellow

David Steel, CFO

• Extensive experience in aerospace manufacturing and logistics
• Previously Deputy Finance Director of geo-prediction tools provider to oil and gas industry
• Started career with KPMG London

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Group Trading Summary

• Focusing on SABER
• • Potentially game-changing product
  • Growing, more lucrative RSS market
• Outlook
• • Hard rock drilling tests in Norway and Customer testing scheduled
  • Scale-upof SABER rental fleet - working capital management

$m	Sept 22			Sept 21
Revenue:
North America	4.8			1.7
International	0.1			0.6
Total	4.9			2.3
Adj. EBITDA	0.1			(0.6)
Cash	1.8	2.5 as at 15 Nov	5.3
Overheads	1.3			1.4

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Sector Overview

Technologies for directional drilling of oil, gas & geothermal wells

	Steering and control:	Measurement:	Communications:
	Equipment such as Rotary	Directional and geological	Connecting MWD and RSS
	Steerable Systems (RSS) to	sensors to provide real-time	systems and transmitting
	provide directional control to	downhole Measurement While	information to/from downhole
	follow the planned well path	Drilling (MWD)	and surface

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