CONSOLIDATED WATER

NASDAQ-GS: CWCO

FORWARD-LOOKING STATEMENTSThis presentation includes statements that may constitute “forward-looking” statements, usually containing the words “believe”, “estimate”, “project”, “intend”, “expect”, “should” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of our products and services in the marketplace, changes in our relationships with the governments of the jurisdictions in which we operate, the outcome of our negotiations with the Cayman government regarding a new retail license agreement, our ability to successfully secure contracts for water projects, including the project under development in Rosarito Mexico, our ability to develop and operate such projects profitably and other risks detailed in our periodic report filings with the Securities and Exchange Commission.

By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this presentation.

WORLDWIDE WATER OPPORTUNITY• Water use increased six-fold during the 20th century, more than twice the rate of

population growth.• By 2025 it is estimated that 1.8 billion people will live in countries or regions experiencing

absolute water scarcity.• 97% of the Earth’s water is in its oceans.

Source: United Nations inter-agency coordination mechanism for all freshwater related issues, including sanitation.

OUR BUSINESS

We design, build, finance and operate seawater desalination plants and water distribution systems that provide potable water in locations where naturally-occurring freshwater supplies are limited or non-existent.

Traded on the NASDAQ Global Market (“CWCO”)

Retail

Bulk

Services

OPERATING SEGMENTS

REVERSE OSMOSIS DESALINATION• 30 years of operating

experience• Most energy-efficient desal

process• Small environmental footprint• Easily incorporates renewable

energy sources• Modular/expandable• Bottled water quality

OUR LOCATIONS• Cayman Islands• The Bahamas• United States• Belize• The British Virgin Islands• Bali• Mexico (under development)

OUR DESALINATION PLANTS

Country Plants Capacity*Cayman Islands 7 9.0The Bahamas 3 15.2The British Virgin Islands 2 0.8Belize 1 0.6Indonesia 1 0.8TOTAL 14 26.4

Mexico (under development) 1 50.0+50.0

* Production capacity is in millions of U.S. gallons per day.

COMPETITIVE ADVANTAGES• Dominant presence in two main

markets.• Incorporation of LT operating

experience in plant designs.• Highly energy-efficient plants.• Ability to provide “Turn Key”

customer solutions.

INVESTMENT ADVANTAGES• Contracts provide strong cash

flows.• Long term contracts with hedges

for energy and operating costs. • Efficiency improvements increase

profitability.• In-house manufacturing

capabilities.

NINE MONTHS ENDED SEPTEMBER 30

2016 20150

10

20

30

40

50 43.8 43.8

18.7 17.7

2.45.9

RevenuesGross ProfitNet Income

Mill

ions

FINANCIAL CONDITION AT SEPTEMBER 30, 2016

0

20

40

60

80

100

120

140

160

180

0.5

52.1

144.7163.3

Series 1

Mill

ions

OUR GROWTH STRATEGY

• Expanding Bulk and Services businesses into new markets.

• Adding Complementary businesses.

NEW MARKETS – MEXICOROSARITO, BAJA CALIFORNIA PROJECT

• 100 MGD Seawater desalination plant in two phases of 50 MGD.

• 19 mile aqueduct to connect the plant to the Mexican public water system.

• $500 million estimated cost.

• Financing by third party non-recourse debt and equity.

• CWCO will own minority position in plant and participate in plant operation and maintenance.

ROSARITO PROJECT - ACHIEVEMENTS

• 2012 - Secured strategically-located site for plant.

• 2012 – Obtained lease for land within federal power plant for seawater intake and discharge.

• 2014 (Aug.) – State of Baja enacts new legislation to regulate Public Private Partnerships and allow for unsolicited infrastructure proposals.

• 2015 (Mar.) – Obtained last major environmental permit for the project.

ROSARITO PROJECT - ACHIEVEMENTS

• 2016 (Apr.) - Official tender submitted by CWCO-led consortium.

• 2016 (Jun.) – State designates CWCO-led consortium as winner of tender.

• 2016 (Aug.) – Public Private Partnership Agreement executed for the Project.

ROSARITO PROJECT – KEY PROJECT INFORMATION

• CWCO-led consortium• Suez – engineering,

procurement and construction contractor – turn key, fixed price contract for plant and aqueduct.

• Bank consortium led by North American Development Bank.

• Evercore Mexico – financial advisor and investment banker.

• CWCO/Suez JV to operate the plant.

• Long term power purchase agreement under liberalized electricity market.

• PPP Law and our Contract allow (but do not guarantee) tariff adjustments to compensate for changing macro economic conditions.

• NEXT STEPS ……

ROSARITO PROJECT – REMAINING CONDITIONSTO BE MET BEFORE COMMENCEMENT OF PROJECT

• State water agency to establish and register various payment trusts, guaranties and bank credit lines.

• State water agency must obtain seawater allocation permit the relevant federal authority.

• Water purchase and sale agreements between the payment trusts and the State water agencies must be executed.

• Acquire rights of ways for the aqueduct.• Federal residual water discharge permit.• Execute debt and equity agreements.

NEW MARKETS & COMPLEMENTARY SERVICES AEREX INDUSTRIES

• Acquired 51% interest in Aerex Industries on February 11, 2016.

• Original equipment manufacturer and service provider for municipal water treatment and industrial water and wastewater treatment.

• Products include membrane separation equipment, filtration equipment, piping systems, vessels and custom fabricated components.

• Represents CWCO entry into new U.S. markets for manufacturing and future operations.

INVESTMENT CONSIDERATIONS

• Large project in Rosarito, Mexico

• Dividend history

• AEREX Acquisition – Complimentary Services