Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Investor Presentation (October 2022)
30 slides from Carnegie Clean Energy's investor presentation, Oct 13, 2022
Slide 1: Carnegie Investor Presentation & Webinar
ASX ANNOUNCEMENT 13 OCTOBER 2022 Carnegie Investor Presentation & Webinar Carnegie Clean Energy (ASX: CCE) (“Carnegie” or the “Company”) is pleased to advise that it has released an updated Investor Presentation to be used for an upcoming Investor Webinar on Wednesday, 2 November at 9.00am AWST/ 12.
Slide 2: Investor Presentation October 2022
Harnessing the power of ocean energy to make the world more sustainable Investor Presentation October 2022 Carnegie Clean Energy Limited ASX: CCE
Slide 3: Global clean energy targets are unlikely to be met without wave energy
Global clean energy generation and CO 2 reduction targets are unlikely to be met without the scale, consistency and predictability of wave energy ▪ Carnegie is a global emerging leader in wave energy technology ▪ Carnegie’s CETO wave energy technology is projected to generate electricity at costs co
Slide 4: Carnegie now ready to lead the industry into commercial deployment
Carnegie now ready to lead the industry into commercial deployment ▪ Carnegie’s CETO technology is unique: ▪ Operates below the surface at various depths – improves survivability and minimises visual and environmental impact ▪ Integrates machine learning, wave prediction and smart control systems –
Slide 5: Ocean Energy Total Addressable Market (TAM)
Ocean Energy Total Addressable Market (TAM) ▪ Europe is the global frontrunner in the race to commercialise wave energy technology ▪ European Commission sets clear targets of 100 MW of installed ocean energy capacity by 2025 and 40 GW by 2050 to reduce dependence on fossil fuel imports 1 ▪ Wave ener
Slide 6: CETO's cost and performance enhancements accelerate commercialisation
CETO’s cost and performance enhancements accelerate commercialisation ▪ Innovations in smart control systems, hydrodynamics and generator efficiency gains (levering the boom electric vehicles) have combined to deliver a step change reduction in the projected CETO cost of energy and up to 30% more en
Slide 7: With proven track record
With proven track record Terry Stinson Jonathan Fiévez Michael Fitzpatrick AO Anthony Shields Grant Mooney Non-Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director and Company Secretary Mr Stinson brings over 35 Mr Fiévez brings Committed to
Slide 8: Capital Structure and Ownership Structure
Capital Structure Ownership Structure Shares on issue Market Cap (10.10.22) 8.01% 15,102,573,710 A$30.2m 4.49% Public & Other Performance rights/Options Cash position (30.06.22) 10.34% 2,530,000,000 A$4.0m Directors & Related Parties Share Price (10.10.22) No debt $0.002 Institutions 77.16% Corporat
Slide 9: Carnegie Clean Energy
e Carnegie CLEAN ENERGY
Slide 10: Renewables are set to become the dominant source of energy
Renewables are set to become the dominant source of energy Driven by global policies Projected electricity generation worldwide to 2050 ▪ Climate change is the biggest challenge faced by our planet today ▪ Governments and businesses are accelerating efforts to secure net zero CO2 emissions by 2050 a
Slide 11: In the net-zero future to decarbonise the energy sector
In the net-zero future to decarbonise the energy sector Wave Energy is an untapped opportunity ▪ With the ocean covering more than 70% of Earth, wave energy is an enormous clean, renewable resource ▪ It’s the most consistent, predictable and abundant source of clean energy – available day and night
Slide 12: Offshore wind and solar sectors serve as a blueprint
Offshore wind and solar sectors serve as a blueprint Global cumulative offshore wind capacity (MW) The next big thing in energy Sources: GWEC (2011–2020) and EWEA (1998–2010) ▪ Wave energy is expected to achieve growth rates in line with previously developed technologies such as offshore wind and so
Slide 13: Europe leading the race in wave energy
Europe leading the race in wave energy Global frontrunner in funding and adoption Indicating support and acceleration in wave energy investments ▪ Global investment in ocean energy increased by 50% in 20215 ▪ Ocean Energy Europe (OEE) forecasts a €653b market potential for ocean energy alone by 2050
Slide 14: Upside for Carnegie
Upside for Carnegie Best in class technology and growing European footprint CETO EuropeWave Project Partners Strong European presence ▪ Carnegie has a growing European team, including wholly-owned subsidiary CETO Wave Energy Ireland and a new Spanish subsidiary ▪ Global partners include top multinat
Slide 15: Carnegie Clean Energy
e Carnegie CLEAN ENERGY
Slide 16: Unique competitive products to capture commercial opportunities
Unique competitive products to capture commercial opportunities ▪ Q4 Q3 Q3 Q3 CETO MoorPower Wave Predictor Mooring Tensioner ▪ Wave energy converter, ▪ CETO-derived technology to ▪ Product able to predict ▪ Provides passive tension for converting ocean waves into power moored offshore upcoming wave
Slide 17: Fostering our partner ecosystem to accelerate commercialisation
Fostering our partner ecosystem to accelerate commercialisation Partners involved in Partners involved in commercialisation projects tech advancements Investor Presentation | ASX: CCE 16
Slide 18: Create unique competitive products
Over last 12+ months 1 2 3 4 5 Create unique Build a market Foster the Secure Cultivate high competitive for wave partner financial performing products energy ecosystem sustainability team ✓ ✓ ✓ ✓ ✓ Investor Presentation | ASX: CCE 17
Slide 19: Commercialise our suite of products with strategic partners
Commercialise our Reduce the cost of suite of products with wave energy generation strategic partners, while to allow for its uptake advancing the and accelerate scale technology and customers Investor Presentation | ASX: CCE 18
Slide 20: Why now
Why now This is the time to get involved in Carnegie Why Carnegie Why wave energy Governments committed to Investors committed to renewables ESG ▪ Best in class CETO wave ▪ The most consistent and ▪ Acceleration to net zero by ▪ Growing focus on energy technology 2050 is increasing the support busin
Slide 21: Carnegie Products: Product Validation Roadmap Summary
Carnegie Products Product Validation Roadmap Summary October 2021 – October 2023 2024 2025 2026 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 CETO - EuropeWave Phase 1 CETO - EuropeWave Phase 2 CETO - EuropeWave Phase 3 CETO Prototype Validated via operations in Europe MoorPower Sca
Slide 22: CETO – EuropeWave PCP
CETO – EuropeWave PCP ▪ Commercial progress • Selected for EU funded €22.5m EuropeWave PCP Programme, to advance promising wave energy technologies for commercial exploitation, running from 2021 to 2025 • CETO Wave Energy Ireland chosen as 1 of 7 contractors for Phase 1, valued at €291k (A$463k), an
Slide 23: CETO Development Activities
CETO Development Activities Validated via EuropeWave ACHIEVE Project Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Oct-22 – Jun-23 Sep-23 – May-25 Jun-25 – May-26 Phase 1 – Concept Development Phase 2 – Front End Phase 3 – Detailed Design, Manufacture and Engineering Design Deployment Phase 1 Pha
Slide 24: MoorPower Scaled Demonstrator
MoorPower Scaled Demonstrator Technology for the sustainable management of fisheries and aquaculture ▪ $3.4m MoorPower Scaled Demonstrator project • Carnegie to design, develop, build and operate a scaled demonstrator of the MoorPower technology with Blue Economy CRC and leading partners • Design is
Slide 25: MoorPower Development Activities
MoorPower Development Activities Validated via Scaled Demonstrator & Commercial Scale Prototype Projects October 2021 – October 2023 Oct-21 Mar-22 Jun-22 Sep-22 Dec-22 Jan-23 Feb-23 – Sep-23 Oct-23 Scaled Demonstrator Commercial Scale Prototype Project Kick-Off Preliminary Design of Scaled Demonstra
Slide 26: Complimentary Products - Wave Predictor
Complimentary Products - Wave Predictor Development Activities October 2021 – October 2023 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-22 Oct-23 Wave Predictor Development – Wave Buoy Input Data Wave Predictor Development - Expanded Input Data Completed Data Acquisition In Progress Addition
Slide 27: Complimentary Products – Mooring Tensioner
Complimentary Products – Mooring Tensioner Development Activities October 2021 – October 2023 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-22 Oct-23 Design and Manufacture Test Rig assembly and commissioning Testing BE CRC MoTWEC Project Completion Mooring Tensioner Validated via testing Des
Slide 28: Technology & Products
Technology & Products ▪ Leading position with CETO wave energy technology ▪ Numerous patents and considerable store of IP related to CETO ▪ Garden Island Microgrid - 2MW solar-battery, desalination plant and wave-ready grid connection • More than 4600 MWh of energy sold • > 3000 tonnes of carbon dio
Slide 29: Technological advantage, solid strategy
1 2 3 4 5 Technological Solid strategy Strong Global Only the advantage for growth partnerships renewables beginning market boom Unique competitive Best in class team with World class Governments CETO products to products to accelerate strategy gaining partnerships, including committed to zero revol
Slide 30: Thank You
Thank You Carnegie Clean Energy Limited Registered Office: ABN: 69 009 237 736 21 North Mole Drive, North Fremantle WA 6159 ASX: CCE Postal Address: Telephone: +61 (0)8 6168 8400 PO Box 39, North Fremantle WA 6159 Website: www.carnegiece.com
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