Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (December 2025)
25 slides from Provaris Energy's investor presentation, Dec 16, 2025
Slide 1: Innovating critical infrastructure solutions for a low-carbon future
Fiskåbygd, Norway For personal use only Innovating critical infrastructure solutions for a low-carbon future H2 | CO2 16 December 2025 www.provaris.energy ASX.PV1
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation and these materials (together the “Presentation”) have been prepared by Provaris This Presentation, including opinions set out in it, is based on information compiled or prepared by Energy Ltd ACN 109 213 470 (ASX:PV1) (“Provaris”) as a summary of Pr
Slide 3: Investment Highlights
Investment Highlights First-Mover Advantage & Strategic Location Provaris leads the market with proprietary IP for bulk-scale tanks and carriers validated by advanced engineering. For personal use only R&D and Commercialisation focus in Europe. Market Opportunity EU hydrogen demand up to ~10Mtpa by
Slide 4: Innovation in large-scale storage and maritime transport solutions
Innovation in large-scale storage and maritime transport solutions critical to enable cost-effective decarbonization for heavy industries in Europe > Australian public company (ASX: PV1) with offices located in Sydney and Oslo. > Pioneering unique IP for the design and robotic fabrication of large p
Slide 5: Recent achievements establish a platform for re-rating
Recent achievements establish a Collaborations with industrial platform for re-rating technical and partners in H2 and CO2 highlight commercial milestones into 2026 the relevance of Provaris solutions For personal use only Recent 2025 achievements in two key markets Clear pathway for early 2026 mile
Slide 6: Development Milestones for both H2 & CO2
Development Milestones for both H2 & CO2 highlight extensive technical program de-risking commercial events to follow 2025 Today 2026 2027 //….2030 H2 Oct Nov Dec Q1 Q2 Q3 Q4 Q`1 Q2 For personal use only Prototype & Class Fabrication Testing Final Class Approval Approvals H2Neo Newbuild Newbuild COD
Slide 7: Norway's domestic H2 market matures with increasing project FIDs
Norway’s domestic H2 market matures with increasing project FIDs Funding agency Enova supporting H2 production for coastal maritime offtake; coupled with access to EU funding ~100M funding for coastal projects Production Growth to ~30ktpa by 2030 Norwegian Hydrogen funding success For personal use o
Slide 8: Norway hydrogen supply to Europe
Norway • Norway’s grid supply 98% renewable supply sources = high electrolyser utilisation to Europe • Industrial PPA €30-50/MWh • Hydrogen supply ~EUR 4-5/kg * Established collaborations with industrial partners For personal use only > Europe (and Germany) states up to 70% of hydrogen demand to be
Slide 9: Hydrogen supply chain to North-West Europe
to North-West Europe ~40,000 tpa RFNBO-compliant hydrogen supported by Uniper for offtake • Responsible for H2 supply For personal use only • ~40,000 tonnes per annum H2 FjordH2 Export Project Supply • RFNBO compliant H2 based on EU regulations (Ålesund, Norway) • Power supplied from Grid Hydropower
Slide 10: Capital-lite model to focus on early cash flow without large-scale capex
to focus on early cash flow without large-scale capex Capital efficient growth model through upfront license fees + equity share in fleet, without owning ships > Targeting maiden Technology Fees aligned with project FID/Construction decision. For personal use only > Long-term recurring Origination F
Slide 11: Market leading carrier for gaseous hydrogen provides the lowest regional transport cost
Market leading carrier for gaseous hydrogen provides the lowest regional transport cost Approved FEED design, with final Construction Approvals pending Prototype Tank For personal use only Proprietary design for H2Neo Compressed Hydrogen Carrier Robotic fabrication key to lower construction costs Ca
Slide 12: Co-operation with global shipping company "K" Line
Co-operation with global shipping company “K” Line to accelerate commercialisation of hydrogen carriers Shipping expertise to aid commercialisation of Provaris’ hydrogen transport For personal use only model through ownership, construction and operations > Global operator since 1919; +5,000 employee
Slide 13: Advancing the development of H2 shipping charter terms and ownership model
Advancing the development of H2 “K” Line site visit to Robotics Innovation Centre, Fiska (Nov 2025) shipping charter terms and ownership model Provides validation of Provaris’ technical and commercial model for For personal use only regional shipping of H2 • Memorandum of Understanding (MOU) establi
Slide 14: Investment in Robotics Centre (Norway) to demonstrate low-cost fabrication
Investment in Robotics Centre (Norway) to demonstrate low-cost fabrication, industrial scale production and extend Provaris IP Use of proven laser-hybrid welding procedures and materials approved for use by DNV for marine applications Robotic Innovation Centre, Fiska, Norway For personal use only In
Slide 15: Prototype tank resumption provides a demonstration facility
For personal use only End-cap jig with plates Rotating Material handling Cassettes with Laser-welding robot cylindrical jig to robot fabricated steel for both cylinder and hold plates panels end-cap Prototype tank resumption in 2025 provides a demonstration facility also strategic for the advancemen
Slide 16: Site Visit: Yinson, "K" Line, Harbour Energy
Site Visit : Yinson, “K” Line, Harbour Energy Recent site visit by key partners (November 2025) 18 Nov 2025 Site visit (November 2055): Robotic Cell, Prototype Tank and fabrication demonstrating high efficiency of automation for using robotics plate handing and welding with nanometer accuracy. For p
Slide 17: CO2 Storage and Maritime Transport
| For personal use only CO2 Storage and Maritime Transport
Slide 18: Partnership with Yinson
Partnership with Yinson Solutions for offshore storage and injection, shipping, and land-based storage solutions Leveraging Provaris IP to fast-track LCO2 designs Yinson commit to full-scale development of CCS in Norway For personal use only > Yinson Production AS - Global energy infrastructure lead
Slide 19: Stella Maris CCS Value Chain
Stella Maris CCS Value Chain Stella Maris CCS Overview Value Chain For personal use only Yinson Production acquired 100% of Stella Maris CCS AS, a Norway-based carbon capture and storage company. Stella Maris will develop a full CCS value chain and holds a 40% stake in the Havstjerne CO2 Injection &
Slide 20: FEED underway for LCO2 Tank and integration with Yinson FSIU
FEED underway for LCO2 Tank and integration with Yinson FSIU Yinson funding provided through JDA terms, targeting ‘FID ready’ mid-2026 Illustration: Yinson FSIU (100k cbm) designed with 4 25,000cbm LP LCO2 tanks Concept Design completed March 2025 demonstrated For personal use only reduction in th
Slide 21: CO2 sector tailwinds
CO2 sector tailwinds… benefiting from traditional shipowners ready to participate in a new growth market; Europe the early-mover • Capture and storage capacity quadrupling by 2030 (DNV, Sept 2025) with Europe to surpass Nth America For personal use only + Project pipeline never been stronger +58 + G
Slide 22: Additional market opportunities for CO2 carriers using Provaris tank
Additional market opportunities Illustration: General Arrangement for a 50,000c bm LP LCO2 carrier with Provaris tanks for CO2 carriers using Provaris tank Similar Principal Particulars to Asian yard designs for 40,000 m3 carrier results in +25% in Cargo For personal use only Capacity > Asian yards
Slide 23: Corporate Overview – Provaris Energy (ASX.PV1)
Corporate Overview – Provaris Energy (ASX.PV1) Capital Structure Shareholding (Undiluted) For personal use only 9% Ordinary Shares on Issue (PV1.ASX) 868 M Board & Management 1% Market Capitalisation (at 1.6c) A$ 14 M Yinson Production AS 8% Unlisted Options 2 63.5 M Institutions Performance Rights
Slide 24: Experienced Board & Management aligned with investors
Experienced Board & Management aligned with investors Australian public company (ASX.PV1) with offices in Sydney & Oslo. Global experience across energy and gas infrastructure, utilities, ship newbuilds, operations, and capital markets (Ownership: 68 million shares) For personal use only Martin Caro
Slide 25: Contacts
For personal use only Contacts Martin Carolan www.provaris.energy Managing Director & CEO mcarolan@provaris.energy ASX.PV1 @ProvarisEnergy Norm Marshall Provaris Energy Ltd. Company Secretary Sydney & Oslo nmarshall@provaris.energy info@provaris.energy
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