Lion Energy Limited · ASX:LIO
Lion Energy — Corporate Update (April 2023)
21 slides from Lion Energy's corporate update, April 2023
Slide 1: Building our case for a green hydrogen project in Qld
Building our case for a green hydrogen project in Qld
Slide 2: The Lion journey into green hydrogen
The Lion journey into green hydrogen 2023 Q4 Q3 2022 Q2 2022 Q2 2022 Q4 2022 Q4 2021 Q2 2021 2021 MARKET FRONT END GREEN H2 STUDY BUSINESS MODEL CAPITAL RAISING VENDOR SELECTION LOCATION ASSESSMENT & ENGINEERING FIRST REFUELLER AND VISION SELECTION GEOGRAPHIC FOCUS DESIGN GPA study GPA study Raised
Slide 3: Lion's hydrogen vision
Lion’s hydrogen vision Becoming the leading independent producer and distributor of green hydrogen in Australia for the domestic mobility market.
Slide 4: Key investment themes
Key investment themes Strong Early mover Focused and alignment with with project realistic govt policy and under strategy community needs execution Strong Attractive corporate Experienced market governance, project team potential build respect and credibility
Slide 5: Lion's strategy - be a major H2 refuelling player in Australia
Lion’s strategy - be a major H2 refuelling player in Australia • Solution provider for Australia’s zero-emission targets commencing 2025 Positioning • Production, storage and dispensing of green hydrogen • Focused/realistic strategy • Back-to-base heavy mobility (buses then trucks) Markets • Later,
Slide 6: Project management team
Project management team Tom Soulsby 30years Damien Servant 20years Executive Chairman Executive Director Accounting Oil & Gas Investments Leadership Finance Oil & Gas Commodities M&A Alistair Wardrope 16years Andrew Lelliott 15years Technical Director Project Director Mech Eng Renewables Biomethane
Slide 7: Lion's initial positioning in the value chain
Lion’s initial positioning in the value chain Hydrogen truck fleet operators Water Hydrogen bus fleets Electrolysis/compression Transport/storage Dispensing operators Grid Renewable electricity Trains, planes, ships Equipment manufacturers H2 vehicle manufacturers
Slide 8: Roadmap
Roadmap • Establish replicable • Execute off-take contracts • Replicate for an additional 30 commercial business model with broader customer group locations • Build, market and execute • Signing EPC contract for 20 • Begin “merchant” roll-out (i.e. first location stations non-back-to-base) to other
Slide 9: Execution philosophy
Execution philosophy Locations On or close to depot refuelling to Logistics ensure proximity with customers Hub & spoke model to optimize distribution and flexible deployment Technology Proven, safe and reliable electrolysis, compression Energy and storage technologies Initially power from the grid
Slide 10: Target market: Hydrogen buses – the early adopters
Target market : Hydrogen buses – the early adopters Manufacturing Predictable availability and routes and back to track record in base other markets City Buses Government policy Aust Road settings for Zero Research Board Emission Conclusions commence 2025 Commissioned by Lion Energy in 2022
Slide 11: Target market: Hydrogen trucks – larger prize but later adoption
Target market: Hydrogen trucks – larger prize (10 times bigger) but later adoption Hurdles Potential Technology Companies Government Still early stages Brands are not yet Not supporting EFFICIENT of development fully embracing the transition yet with clear Zero No economies of Not commercially Emiss
Slide 12: Leading zero-emission charge led by State Governments
Leading zero-emission charge led by State Governments Regulatory-driven demand Hydrogen refueling stations We estimate at least 50 x 500kg/day refuelling stations required by 2030 to meet ZEB demand Low hanging fruit Bus Segment Regulatory impetus Vehicle availability Best fit for technology Truck s
Slide 13: Regulatory momentum
Regulatory momentum § Transport for NSW (TfNSW) plans to see its 4,100 Sydney buses fully transitioned by 2035 § Queensland Government committed that every new urban bus added to the fleet in South-East Queensland will be zero-emissions by 2025, followed by state-wide mandate by 2030. § Victorian Go
Slide 14: ARRB study confirms role of H2 buses for Australia's roll-out of zero-emission buses
ARRB study confirms role of H2 buses for Australia’s roll-out of zero-emission buses Issues for Battery Electric Buses • limited depot space for charging infrastructure • High infrastructure investments (chargers, energy storage complement and electricity connection/substation upgrades), • Short ran
Slide 15: ARRB study confirms role of H2 buses for Australia's roll-out of zero-emission buses
ARRB study confirms role of H2 buses for Australia’s roll-out of zero-emission buses complement Hydrogen Battery buses electric buses Need to support Regulations Businesses
Slide 16: Fast replication to multiple locations
Fast replication to multiple locations Operate a series of Queensland production hubs and up to Bus Depots 499 50 refuelling stations in Australia, with a focus on the untapped East Coast Brisbane market. Bus Depots 72 There are currently no New South Wales hydrogen refuelling Bus Depots stations fo
Slide 17: Location optimization tool
Location optimization tool Water Electricity Renewables Ports Heavy Vehicle Routes Bus Depot & Routes
Slide 18: Port of Brisbane location strategically located
Port of Brisbane location strategically located
Slide 19: Current status
Current status § Site secured at PoB § Hydrogen refuelling station equipment procured § Electrolysers ready for signing § Commercial offtake discussion in progress § Development approval WIP § First commissioning targeted for 1Q2024 § Total budget: ~A$12m
Slide 20: Project schedule
Project schedule LICN H2energy Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 jon Selection Location Selection Major Equipment Procurement ( Maoreapmene emer Major Equipment Design Activities | Major Euipment Basan Actes Planning Approvals SE Major Equipment Manufacturing | ajorEgupment Monufetuing EPC pro
Slide 21: H2 – Key success factors
H2 – Key success factors Strong Early mover Focused and alignment with with project realistic govt policy and under strategy community needs execution Strong Attractive corporate Experienced market governance, project team potential build respect and credibility