Pilot Energy Limited · ASX:PGY
Pilot Energy — Conference Presentation (September 2025)
25 slides from Pilot Energy's conference presentation, Sep 10, 2025
Slide 1: Conference Presentation
For personal use only Conference Presentation | 10 September 2025 ASX:PGY
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 a low-cost Manufacturing low Multi-TCF gas potentia
Slide 6: Strategic WA Asset Portfolio
Strategic WA 6 Asset Portfolio Consolidated Perth Basin footprint For personal use only covering diversified energy infrastructure-rich region ▸ Energy Infrastructure Cliff Head – Offshore/onshore pipelines, storage, terminal, power generation & transmission facilities Arrowsmith - Onshore oil termi
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 Manufacture Unlockingb
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 1,300Mt CO2 A$39 - A$173 Supportive per annum3 per tonne4 Local Policy Projected global demand for C
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 Strategic Location Australia Heavy Industry6 For personal use only Cliff Head Major Industrial Carbon Storage CO2 Emitters 5Mtpa 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 Project9 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 1010 ▸ Scale and timing to deli
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 million12 Cliff Head Platform ▸ Use of existing infr
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 CO212 reduction compared ▸ First Stage Total Conversion Cost: US$451 million12 to new build12 ▸ New
Slide 17: Cliff Head Carbon Storage Project video
Cliff Head Carbon Storage Project video 17 For personal use only ASX:PGY
Slide 18: Gas Exploration
For personal use only Gas Exploration 18
Slide 19: Gas Exploration – WA-481-P
Gas Exploration – WA-481-P 19 Large drill-ready gas prospect Resource scale For personal use only • Multi-prospect, multi-play permit within proven hydrocarbon fairways • Ready-to-drill Leander Prospect with 1.1 TCF Prospective Gas Resource13 • Further 0.9 TCF gas opportunities in same fairway (Harr
Slide 20: Gas Exploration – WA-481P
Gas Exploration – WA-481P 20 Seismic reprocessing and interpretation Robust 42 km2 closure results in material resource upgrade For personal use only Updated interpretation resulted in Material Resource Upgrade Mudlog gas shows above reservoir are comparable • Recent onshore Perth basin success in d
Slide 21: Fast-track, Low CAPEX development potential
Fast-track, Low CAPEX development potential 21 Commercially attractive development matching market demand ▸ First gas possible in 2028 to coincide with increased demand For personal use only ▸ LNG export potential for 85% (permit is in Commonwealth waters) ▸ PRRT credits in WA-481-P for 3 wells and
Slide 22: The Road Ahead
22 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 23: Why Invest? A Unique Value Proposition
Why Invest? 23 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 24: 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 24
Slide 25: Endnotes
Endnotes 25 Note # Page # Reference 1 1,6,14 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 6,17 For personal use only Refer Pilot Energy ASX release for further info
Pilot Energy — Conference Presentation (September 2025) on 6ix