Frontier Energy Limited · ASX:FHE
Frontier Energy — Pareto Renewable Energy Conference (February 2025)
17 slides from Frontier Energy's conference presentation, Feb 4, 2025
Slide 1: Waroona Renewable Energy Project
Waroona Renewable Energy Project Near term energy solution in Western Australia’s heartland of industry For personal use only Pareto Renewable Energy Conference Oslo, Norway Artist impression of solar facility
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including risks associated with invest
Slide 3: Near-term renewable energy production to meet Western Australia's increasing energy demand
Near-term renewable energy production to meet Western For personal use only Australia’s increasing energy demand Stage One - Ready for development / derisked Strategically located proximal to grid and customers Management Major organic growth Retail 24% 13% potential of 1GW Institution 13% CAPITAL S
Slide 4: Australian Energy Markets – WEM and NEM
Australian Energy Markets – WEM and NEM Wholesale Electricty Market (WEM) For personal use only • Largest micro grid in the world • ~21TWh of electricity annually Network Annual operational • Current ~17TWh demand • Growth – 4.5% pa (54% by 2033) • Australia’s only capacity market Capacity market? •
Slide 5: WA already seeing rising electricity prices prior to transition
WA already seeing rising electricity prices prior to transition WA Wholesale Electricity Price1 WEM electricity prices have increased consistently over the past four years 280 • Average price – Electricity prices have increased by ~61% For personal use only over the past three years, from A$50/MWh i
Slide 6: The challenge facing WA's energy market
The challenge facing WA’s energy market Demand Supply For personal use only Showing no signs of slowing Coal closure + Delays in new generation State owned coal assets New generation delayed AEMO forecast 57% demand closures from 2025-2029 by network constraints and growth over the next 10 years exp
Slide 7: Why are there only a limited number of listed pure-play renewables?
Why are there only a limited number of listed pure-play renewables? They have all been taken over • Listed renewable energy companies in Australia are typically subject to competitive takeovers resulting in generous premiums • Frontier offers unique exposure to returns from a renewable energy develo
Slide 8: Waroona Renewable Energy Project
For personal use only Waroona Renewable Energy Project
Slide 9: Waroona Renewable Project – In the heart of Industrial WA
Waroona Renewable Project – In the heart of Industrial WA • ~120km south of Perth in the Shire of Waroona • Approved connection point – ETAC For personal use only • Connection to 330kV transmission line • Exceptionally high MLF • Surrounded by major loads with limited new supply Stage One is develop
Slide 10: Strategy – Creating our own arbitrage opportunity
Strategy – Creating our own arbitrage opportunity Energy sales (battery charging / battery and excess solar sales) Creating our own arbitrage whilst minimising curtailment • Battery was sized (80MW / 380MWh) to match the lowest For personal use only generation periods (June/July) • Integrating strat
Slide 11: DFS confirms Stage One is a long-life, profitable Project
DFS confirms Stage One is a long-life, profitable Project Stage One - 120MW solar / 80MW 4.75hr battery (380MWh) • DFS confirms the Project as a highly profitable renewable For personal use only energy project with long life (30 years) and low operating costs, providing strong returns on all key met
Slide 12: WA energy market is the only capacity market in Australia
WA energy market is the only capacity market in Australia Frontier has diversified revenue streams Cumulative Cash Flows and EBITDA – Base Case – 10-year average • The WA energy market provides multiple revenue streams For personal use only for hybrid renewable energy projects. These include: • Ener
Slide 13: Benchmark Reserve Capacity provides further financial support
Benchmark Reserve Capacity provides further financial support Upward trend in BRCP accelerated due to technology change 2027/28 BRCP and historical BRCPs/RCPs • BRCP has steadily increased, to $360,700/MW in 2027/28, For personal use only reflecting increased costs to install new generating capacity
Slide 14: Progressing multiple financing streams in parallel
Progressing multiple financing streams in parallel DEBT EQUITY For personal use only Commercial Equipment Private Credit / Strategic Banks Finance Bonds Investor/s Requires firm Discussions revenue underway PPA and/or Govt programs Advancing multiple funding solutions to ensure optimal shareholder r
Slide 15: Near Term Energy Solution – Waroona Renewable Energy Project
NEAR TERM ENERGY SOLUTION For personal use only WAROONA RENEWABLE ENERGY PROJECT Stage One development • 120MW / 80MW 4.75hr (380MWh) • Lower capex and strong returns • Development ready Strategically located proximal to grid and customers Fundamentals for grid connected electricity stronger than ev
Slide 16: Appendix 1: Source information for slide
Appendix 1: Source information for slide 7 • Listed renewable energy companies in Australia are typically subject to competitive takeovers resulting in generous premiums • For investors seeking exposure to a renewable energy development, Frontier, as the only standalone renewable energy company list
Slide 17: For more information contact
For personal use only For more information contact Adam Kiley CEO +61 8 6117 0479 akiley@frontierhe.com ASX: FHE | OTCQB: FRHYF frontierhe.com
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