Pilot Energy Limited · ASX:PGY
Pilot Energy — JMM & Alpine Capital Noosa Investor Day (July 2025)
31 slides from Pilot Energy's conference presentation, Jul 24, 2025
Slide 1: Corporate Presentation | July 2025
For personal use only Corporate Presentation | July 2025 ASX:PGY 1
Slide 2: Compliance Statements: Disclaimer
Compliance Statements 2 Disclaimer This investor presentation has been prepared by Pilot Energy Limited ABN 86 115 229 984 (Pilot or the Company). For personal use only Any material used in this presentation is only an overview and summary of certain data selected by the management of Pilot. The pre
Slide 3: Investment Highlights
Investment Highlights 3 For personal use only World-Class project, First mover advantage in WA clear strategy and derisked Carbon Storage (CCS) with development pathway global and domestic tailwinds Experienced Management Existing infrastructure to deliver objectives underpins strategy, execution an
Slide 4: Corporate Snapshot
Corporate Snapshot 4 PGY Shareholder Analysis For personal use only Corporate & Institutional 79% 9% 9% 3% Greg Columbus Brad Lingo Alex Sundich Natalie Wallace Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Retail Board & 8 Rivers 30+ years experience deliver
Slide 5: Building a clean energy business
Building a clean energy business 5 Pilot is building a clean energy business built around a strategic asset portfolio in Mid West WA focussed on three building blocks For personal use only Carbon Clean Material Storage Ammonia Natural Gas Providing low cost, Ammonia production Multi-TCF gas potentia
Slide 6: Strategic WA Asset Portfolio
Strategic WA 6 Asset Portfolio Consolidated Perth Basin footprint covering diversified For personal use only energy infrastructure-rich region ▸ Energy Infrastructure Cliff Head – Offshore/onshore pipelines, storage, terminal, power generation & transmission facilities Arrowsmith - Onshore oil & gas
Slide 7: First-Mover Advantage in WA Carbon Storage
First-Mover Advantage in WA Carbon Storage 7 Pilot Energy is focused on providing full service clean energy; unlocking intrinsic value of existing infrastructure For personal use only 03 Gas Exploration With multi-TCF gas potential 01 02 Cliff Head Carbon Storage Clean Ammonia Production Unlockingby
Slide 8: Carbon Storage
For personal use only Carbon Storage 8
Slide 9: Carbon Capture & Storage: Global and Domestic Level Tailwinds
Carbon Capture & Storage 9 Global and Domestic Level Tailwinds For personal use only Global momentum in deployment of Carbon Capture and Storage (CCS) is accelerating behind carbon neutrality targets 7Gt CO₂ A$50 - A$98 Supportive per annum2 per tonne3 Local Policy Projected global demand Carbon cre
Slide 10: Key Australian trading partners have significant emissions and limited storage capacity
Carbon Capture & Storage 10 Key Australian trading partners have significant emissions and limited storage capacity For personal use only Europe’s storage – capture gap for 2050 Asia - Pacific’s storage – capture gap for 2050 Poland Japan Potential CO₂ shipping Potential CO₂ shipping volume from Rom
Slide 11: WA Government CCUS Action Plan quote
11 For personal use only Western Australia is well placed to become a world leader in carbon capture, utilisation and storage (CCUS), leveraging our existing infrastructure, highly skilled workforce, and suitable geological formations.” Carbon capture utilisation and storage: Action Plan* WA Governm
Slide 12: Carbon Capture & Storage – Western Australia
Carbon Capture & Storage – Western Australia 12 Carbon emissions of Western Australia Strategic Location Heavy Industry4 For personal use only Cliff Head Major Industrial Carbon Storage CO2 Emitters 5+Mtpa CO2 injection capacity Emissions Share of national emissions Mid West & South West WA (Scope 1
Slide 13: Cliff Head Carbon Storage Project: World-Scale Project
Cliff Head Carbon Storage Project 13 World-Scale Project ▸ Recognised as a leading Australian Carbon Storage Project7 For personal use only ▸ 72Mt of CO2 storage in Stage 1; scalable for further expansion ▸ Annual injection capacity will place Cliff Head in global top 107 ▸ Scale and timing to deliv
Slide 14: Leading Australia's Offshore CCS
Cliff Head Carbon Storage Project 14 Leading Australia’s Offshore CCS For personal use only ▸ WA’s only offshore carbon ▸ Declaration of storage project with Stage 1 Storage Formation Commonwealth approval1 granted in 20241 Advanced Permitting ▸ Injection Licence Application ▸ Without existing infra
Slide 15: Cliff Head Carbon Storage Project: Existing Infrastructure
Cliff Head Carbon Storage Project 15 Arrowsmith Processing ▸ Repurposing over 90% of Strategically located, fit-for-purpose Plant carbon storage infrastructure For personal use only existing O&G infrastructure ▸ Replacement value of approx. US$827 million8 Cliff Head Platform ▸ Use of existing infra
Slide 16: Commencing FEED in Q3 CY2025
Cliff Head Carbon Storage Project 16 Commencing FEED in Q3 CY2025 Existing infrastructure to reach FID in CY2027 provides capex For personal use only ▸ First Stage total carbon storage capacity: 72Mt CO211 reduction compared ▸ First Stage Total Conversion Cost: US$451 million7 to new build8 ▸ New CA
Slide 17: Clean Ammonia
For personal use only Clean Ammonia 17
Slide 18: Ammonia: Global and Domestic Level Tailwinds
Ammonia 18 Global and Domestic Level Tailwinds For personal use only Global demand for low-carbon ammonia is accelerating as energy systems decarbonise; driven by the clean fuel transition, international shipping, and fertiliser sector transformation. 700Mt NH3 US$600 - $1000 Supportive per annum13
Slide 19: A practical, carbon-free energy carrier
Ammonia 19 A practical, carbon-free For personal use only energy carrier ▸ Efficient Bulk Energy Transport Ammonia as a hydrogen carrier enables 1.8x more hydrogen per volume to be shipped than liquid H₂, making it ideal for long-distance transport. ‣ Global Infrastructure Ready Leveraging existing
Slide 20: Low-Cost, Low Carbon Blue Ammonia
Low-Cost, Low Carbon Blue Ammonia 20 Proven ammonia production technology combined with CCS Potential source of long-term, delivers clean cost-competitive, low carbon ammonia production economical low carbon ammonia supply For personal use only A unique opportunity ▸ Proven technology ▸ Established
Slide 21: Strategic Partnerships
Strategic Partnerships 21 TBC Underpinning Development of Development Delivery Partnering Potential Carbon Storage Project and Ammonia Production State-Owned Foreign Company16 For personal use only Carbon Capture & Storage Technology Offtake Partner Ammonia Ammonia Delivery Partners KOSPO17 – K-Cons
Slide 22: Gas Exploration
For personal use only Gas Exploration 22
Slide 23: Gas Exploration: Largest exploration permit in the North Perth Basin
Gas Exploration 23 Largest exploration permit in the North Perth Basin For personal use only ▸ WA-481P Permit – PGY 100% ▸ 8,605km2 permit located in shallow waters covering proven oil & gas play fairways ▸ Geological hypothesis: offshore equivalent to onshore North Perth Basin with same plays, pros
Slide 24: Additional Value Drivers
For personal use only Additional Value Drivers 24
Slide 25: Three Springs Solar Project
Three Springs Solar Project 25 Advanced stage with divestment optionality For personal use only ▸ 376MW Three Springs Solar Project is DA-approved ▸ October 2024 received a non-binding, conditional cash offer of A$11.5 million to purchase 100% of the project20 ▸ Additional near-term value is achieva
Slide 26: Arrowsmith Onshore Terminal & Power Infrastructure
Arrowsmith Onshore Terminal & Power Infrastructure 26 Potential Short Term Revenue Generation For personal use only ▸ Proven oil storage, transport and export terminal ▸ Well-suited to process and export oil from discoveries like North Erregulla (2C Resource, 31.6 mmbbls heavy/waxy crude) ▸ Capable
Slide 27: International moves in carbon capture and clean hydrogen
International moves in carbon capture and clean hydrogen 27 Carbon capture is an essential enabler of affordable hydrogen during the energy transition For personal use only ASX:PGY
Slide 28: The Road Ahead
28 The Road Ahead Exploration For personal use only ▸ WA-481P Permit Regulatory Complete Cliff Partners / Complete Project Approvals Head Acquisition Customers Project FEED FID Declaration of Storage ▸ Onshore acquisition ▸ SOE partner for carbon ▸ Pre-FEED ▸ Carbon Formation completed storage compl
Slide 29: Why Invest? A Unique Value Proposition
Why Invest? 29 A Unique Value Proposition For personal use only World-Class project, First mover advantage in WA Experienced Management 01 clear strategy and derisked 02 Carbon Storage (CCS) with global 03 to deliver objectives development pathway and domestic sector tailwinds Existing infrastructur
Slide 30: Contact
For personal use only Contact Pilot Energy Limited Suite 2, Ground Floor 100 Havelock Street West Perth WA 6005 www.pilotenergy.com.au Brad Lingo Managing Director +61 (0) 408 601 080 blingo@pilotenergy.com.au 30
Slide 31: Endnotes
Endnotes 31 Note # Reference 1 Refer Pilot Energy ASX release for further information on MWCEP receives Declaration of Greenhouse Gas Storage Formation for Cliff Head CO2 Storage Project (ASX:PGY 14 June 2024) 2 EU Carbon price https://tradingeconomics.com/commodity/carbon @ EUR 71/tonne less ACCU r
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