Lion Energy Limited · ASX:LIO
Lion Energy — Investor Presentation (April 2023)
27 slides from Lion Energy's investor presentation, Apr 20, 2023
Slide 1: Investor update – April 2023
For personal use only Investor update – April 2023
Slide 2: Important notice and disclaimer
Important notice and disclaimer Lion Energy Ltd (ACN 000 753 640) (Lion or the Company) is the issuer of this presentation. The issue of this presentation is intended only for the person or entity to which it has been transmitted. For personal use only Not a disclosure document The purpose of this p
Slide 3: Overall investment thesis
Overall investment thesis For personal use only Lion in one of the first movers in Australia for supplying commercial scale green hydrogen to the ü heavy mobility sector. Setting a platform of skills, network and knowledge to be scaled up The recent completion of the seismic program has allowed Lion
Slide 4: Oil and Gas
For personal use only Oil and Gas 1
Slide 5: Oil and Gas summary
Oil and Gas summary § The oil and gas business is in the best shape it has been in since 2018 For personal use only § The East Seram seismic program is complete with on shore data interpretation underway. Lion has no more commitments under the PSC and is earmarked to drill a well in 2024 or relinqui
Slide 6: Lion's oil and gas interests are in a prolific area
Lion's oil and gas interests are in a prolific area For personal use only 3
Slide 7: Summary of Lion's oil and gas interests
Summary of Lion's oil and gas interests 60% & Operator of East Seram PSC, 2.5% of producing Seram (NB) PSC For personal use only 4
Slide 8: Lofin well test ongoing – key step to commercialisation of a 40 sq km gas field
Lofin well test ongoing – key step to commercialisation of a 40 sq km gas field For personal use only Part of the Lofin Field extends in the East Seram PSC 5
Slide 9: Green Hydrogen
For personal use only Green Hydrogen 6
Slide 10: Green hydrogen business models in Australia
Green hydrogen business models in Australia § Three business models are emerging for green hydrogen in Australia For personal use only Model Capital intensity and time to market Considerations for Lion Large scale production with integrated High, long Long gestation period and uncertainty as electri
Slide 11: The Lion journey into Green H2
The Lion journey into Green H2 For personal use only 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 3 vendors E
Slide 12: Lion's hydrogen vision
Lion’s hydrogen vision For personal use only Becoming the leading independent producer and distributor of green hydrogen in Australia for the domestic mobility market. 9
Slide 13: Key investment themes
Key investment themes For personal use only 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 10
Slide 14: Lion's strategy - be a major H2 refuelling player in Australia
Lion’s strategy - be a major H2 refuelling player in Australia For personal use only § 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 tru
Slide 15: Project management team
Project management team Tom Soulsby Damien Servant For personal use only 30years 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
Slide 16: Lion's initial positioning in the value chain
Lion’s initial positioning in the value chain For personal use only 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 13
Slide 17: Roadmap
Roadmap For personal use only § 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 first location stations (i.e. non-b
Slide 18: Execution philosophy
Execution philosophy Locations For personal use only 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 Initiall
Slide 19: Target market: Hydrogen buses – the early adopters
Target market : Hydrogen buses – the early adopters For personal use only 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 E
Slide 20: Leading zero-emission charge led by State Governments
Leading zero-emission charge led by State Governments Regulatory-driven demand For personal use only Hydrogen refuelling stations We estimate at least 65t/day required to meet FCEB demand Low hanging fruit Bus segment Regulatory impetus Vehicle availability Best fit for technology Truck segment Lack
Slide 21: Regulatory momentum
Regulatory momentum For personal use only § 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 b
Slide 22: 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 For personal use only § limited depot space for charging infrastructure § High infrastructure investments (chargers, energy storage and electricity connection/substation upgrades),
Slide 23: Fast replication to multiple locations
Fast replication to multiple locations Operate a series of For personal use only Queensland production hubs and up to 50 refuelling stations in Bus Depots 499 Australia, with a focus on the untapped East Coast market. Brisbane Bus Depots 72 There are currently no hydrogen refuelling New South Wales
Slide 24: Location optimization tool
Location optimization tool For personal use only Water Electricity Renewables Ports Heavy Vehicle Routes Bus Depot & Routes 21
Slide 25: Current status
Current status For personal use only § Site selected at Port of Brisbane § Hydrogen refuelling station equipment procured § Electrolysers ready for signing § Commercial offtake discussion in progress § Development approval in progress § First commissioning targeted for 1Q2024 § Total budget: ~A$12m
Slide 26: Port of Brisbane strategically located
Port of Brisbane strategically located For personal use only 23
Slide 27: Project schedule
For personal use only Project schedule 24