Provaris Energy Ltd · ASX:PV1
Provaris Energy — Shareholder Meeting (November 2024)
19 slides from Provaris Energy's shareholder meeting presentation, Nov 28, 2024
Slide 1: 2024 Annual General Meeting
www.provaris.energy For personal use only 2024 Annual General Meeting 28 November 2024 ASX.PV1 Fiskå, Norway Simplicity | Efficiency | Flexibility
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: Provaris offers a unique investment
Provaris offers a unique investment Enabling the For personal use only Australian Public Co. (ASX.PV1) located in Sydney & Oslo (Provaris Norway AS) development of safe, Strategically focused on the European market where policy for energy security and decarbonisation efficient industrial depends on
Slide 4: Board & Management
Board & Management Effective team with experience in energy and gas infrastructure, utilities, ship newbuilds, operations, and capital markets For personal use only Martin Carolan Greg Martin Andrew Pickering David Palmer Managing Director Chairman Non-executive Non-executive & CEO Director Director
Slide 5: Corporate Overview
Corporate Overview Capital Structure Shareholding (Undiluted) Ordinary Shares on Issue (PV1.ASX; WS90.BE) 1 687 M Regal Funds Management 5.7% For personal use only 12mth Share price range (high-low) 6.5c to 1.8c OC Funds 4.9% Market Capitalisation (at 2c) A$ 14 M Board & Management 6.0% Cash (Novemb
Slide 6: In 2024, Provaris accomplished several technical and commercial milestones
In 2024, Provaris accomplished several technical and commercial milestones that have yet to be reflected in our market valuation For personal use only > Matured the technical readiness and economic benefits of compression as a bulk-scale transport solution > Demonstrated compressed hydrogen as the l
Slide 7: Hydrogen and CO2 solutions to meet global decarbonization goals
to meet global decarbonization goals Policy, Industry and Funding established to Steel Refineries CCGT Power Mobility For personal use only Glass reduce emissions from hard-to-abate industries Smelters Generation (HDVs, Maritime) Focused on eliminating emissions ... Focused on reducing existing emis
Slide 8: Pioneering integrated solutions enabling supply chain development
pioneering integrated solutions enabling supply chain development Strong partners and complementary roles in H2 and CO2 storage and transport, vital for 2030 decarbonisation goals For personal use only Offtake, Proprietary H2 Production Industrial CO2 Storage Ports & Distribution & Export H2 Carrier
Slide 9: Europe's dependency on energy imports has increased to 60%
Europe’s dependency on energy imports has increased to 60% with hydrogen to follow at up to 70% Germany, EU’s largest power market committed to phase out coal, banned uranium, and reliant on imported LNG For personal use only Europe prioritising development of green hydrogen Germany’s need for Hydro
Slide 10: Provaris Concept Design Study reaffirms low-cost supply for Europe
Provaris Concept Design Study reaffirms enables low-cost supply for Europe For personal use only Outcomes for a 540MW renewable grid connected site, sailing 1,000 Nm, when compared to the ammonia supply chain (delivered as gas), confirmed capital and energy efficiency benefits when delivered as hydr
Slide 11: Superior delivered cost advantage for Compressed Hydrogen
Provaris analysis demonstrates superior delivered cost advantage for Compressed Hydrogen In 2024, +€1 billion in funding for green ammonia and hydrogen projects highlight a H2 cost range of €6-10/kg For personal use only Provaris delivered cost at €6/kg 3 for green hydrogen competitive against 2024
Slide 12: Green hydrogen production costs in Europe higher than expected
Realisation that green hydrogen production costs in Europe are higher than expected… Focus on efficiency and cost! BNEF provide disclosed average levelised production cost of RFNBO (green) hydrogen in For personal use only the European Hydrogen Bank pilot auction (2024) Provaris focus regions for su
Slide 13: Partnership with Uniper and Norwegian Hydrogen for supply and offtake
Breakthrough partnership with Uniper and Norwegian Hydrogen for supply and offtake of RFNBO compliant hydrogen (Nordics to Europe) Tri-party agreement Norwegian Hydrogen & Uniper (August 2024) to develop hydrogen supply chains from Norway and other Nordic sites, to import locations in North-Western
Slide 14: Tangible benefits relevant to scaling up supply for Europe
There are many tangible that are relevant to scaling up supply for Europe For personal use only Compression of Use less renewable Eliminates complex & Hydrogen is proven energy to deliver more capital-intensive technology hydrogen supply chain processes (storage & conversion) Enables flexible import
Slide 15: Proprietary hydrogen carrier unlocking regional supply chains
Proprietary hydrogen carrier unlocking regional supply chains at lowest delivered cost Our Advanced H2Neo hydrogen carrier gaining the strong acceptance of supply and offtake partners For personal use only H2Neo Compressed Hydrogen Carrier Restart of Prototype Tank Program > Extensive FEED and safet
Slide 16: Provaris and Yinson innovating CO2 storage and marine transport
Provaris and Yinson Production innovating CO2 storage and marine transport solutions for maximum efficiency New tank designs enable CO2 transport at lower pressure and temperature, required for long voyages and larger cargo volumes – maximizing storage and transport efficiency to reduce costs For pe
Slide 17: Carbon Capture and Storage value chain already well established
Carbon Capture and Storage (CCS) value chain already well established Scale and reduction in storage and transport costs key to achieving CO2 capture targets for industries Projected growth in CCS capacity post 2030 For personal use only EU & US dominating the capture markets short-term 42.6 / 201.4
Slide 18: 2025 will build on foundations to capitalise on growing demand
2025 will build on foundations to capitalise on growing demand for hydrogen and CO2 What we achieved so far… Upcoming Catalysts 2024-25 For personal use only Advanced technology and unique IP for cost-effective 1. Advancing term sheet for H2 hydrogen storage and transport solutions supply, offtake a
Slide 19: Contacts
Contacts Martin Carolan Norm Marshall For personal use only Managing Director & CEO Company Secretary mcarolan@provaris.energy nmarshall@provaris.energy www.provaris.energy ASX.PV1 @ProvarisEnergy Provaris Energy Ltd. Sydney & Oslo info@provaris.energy
Provaris Energy — Shareholder Meeting (November 2024) on 6ix