CONSOLIDATED WATER

FORWARD-LOOKING STATEMENTS

This 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

• 18% of Earth’s population (1.1 billion people) lack access to safe drinking water.

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

population growth.

• The amount of water on Earth is CONSTANT.

• Of the 3% of Earth’s water that is drinkable, more than half is locked in the polar ice caps.

GLOBAL WATER SUPPLY

1% 2%

97%

Groundwater / lakes / rivers

Ice caps / glaciers

Oceans

OUR BUSINESS

We build, finance and

operate desalination

plants and distribution

systems that provide

potable water in locations

where freshwater supplies

are limited or non-existent.

Traded on the NASDAQ

Global Market (“CWCO”)

REVERSE OSMOSIS DESALINATION

• Well or direct sea intake

• Pre-treatment

• High pressure

• Polyamide membranes

• Energy intensive/recovery

• Post treatment

OUR LOCATIONS

• Cayman Islands

• The Bahamas

• Belize

• The British Virgin Islands

• Bali

OUR DESALINATION PLANTS

Country Plants Capacity*

Cayman Islands 7 9.0

The Bahamas 3 15.2

The British Virgin Islands 2 0.8

Belize 1 0.6

Indonesia 1 0.8

TOTAL 14 26.4

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

COMPETITIVE ADVANTAGES

• Use of best available technology.

• Incorporation of operating experience in plant

designs.

• Highly efficient plants.

COMPETITIVE ADVANTAGES

• Long term contracts with hedges for energy and

operating costs.

• “Turn Key” customer solutions.

• Niche market focus.

OPERATING SEGMENTS

THREE MONTHS ENDED MARCH 31

0

5

10

15

20

2014 2013

14.7 16.3

6.1 6.0

1.9 0.7

Revenues

Gross Profit

Net Income

Mill

ion

s

FINANCIAL CONDITION AT MARCH 31, 2015

0

20

40

60

80

100

120

140

160

180

8.5

46.1

142.2

160.0

Total Debt

Working Capital

Stockholders' Equity

Total Assets

Mill

ion

s

OUR GROWTH STRATEGY

• Expanding our existing

operations into new markets.

• Complementary services.

NUSA DUA - BALI, INDONESIA

• Bali’s premier tourist region.

• Major development underway of new resorts and luxury residences.

• Existing water supplies incapable of meeting incremental demand.

NUSA DUA, BALI PROJECT

• Speculative (demonstration) plant

involving market risk.

• Capacity of 750,000 gallons/day.

• Expandable to 1.5 million

gallons/day.

• Competition/factors for success.

NEW MARKETS - MEXICO / SOUTHERN CALIFORNIA

– Region is dependent on water imported from

Colorado River.

– 2010 population of Tijuana : 1.8 million.

– 2010 population of San Diego: 3.1 million.

– Projected population increase of Tijuana over

next 20 years: 68%.

– Projected population increase of San Diego

over next 20 years: 70%.

ROSARITO MEXICO PROJECT

• Proposed 100 MGD desalination

plant & conveyance pipeline.

• $600 million estimated cost.

• Intake/outfall co-located with existing

power plant.

• Financing by third party non-

recourse debt and equity.

• CWCO would own minority position

in plant and participate in plant

operation.

ROSARITO MEXICO PROJECT - ACHIEVEMENTS

• Acquired strategically-located site

for plant.

• Leased land within federal power

plant for ocean water

intake/discharge.

• Pilot Plant/Seawater Testing –

Phase I completed, Phase II

underway.

• Obtained environmental permit for

desal plant – conveyance permit

pending.

ROSARITO MEXICO PROJECT - ACHIEVEMENTS

• Executed Letter of Intent with Otay

District, Southern California.

• Executed Letter of Intent with

strategic international/Mexican

equity partner.

• Submitted detailed public-private

partnership proposal to Baja Govt.

INVESTMENT CONSIDERATIONS

• Development project in

Rosarito, Mexico.

• Bali initiative.

• Dividend history.

• Complementary services &

other projects.