Alpha Hpa Limited · ASX:A4N
Alpha Hpa — Investor Presentation (March 2025)
23 slides from Alpha Hpa's investor presentation, March 2025
Slide 1: AlphaHPA
AlphaHPA ASX:
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT The Definitive Feasibility Study (DFS) referred to in this Presentation has been undertaken to assess the technical and financial viability of the HPA First project. The DFS is based on the material assumptions about the availability of funding and the pricing received for Alpha
Slide 3: Technology led specialty chemicals company, commercialising in 2 stages
We are a technology led, speciality chemicals company We make ultra-high purity aluminium products with a worlds first process which are: Commercialising in 2 Stages as the
Slide 4: HPA First Project
° STAGE4: °* STAGE, 2: —— HPA First Project Site Gladstone State Development Area 100% RENEWABLE ENERGY HPA FIRST PROJECT: o. aa = a _
Slide 5: Stage 1: In Production
STAGE 1: IN PRODUCTION
Slide 6: Stage 1
STAGE 1:
Slide 7: Project Layout
PROJECT LAYOUT: STAGE 1: IN PRODUCTION +350tpa — ALL PRODUCTS sen STAGE 2: FULL-SCALE FACILIT IN CONSTRUCTION FIRST PRODUCTION AT 2026 +10,000tpa — ALL PRODUCTS 75M Equity Capital (May-June 2024) $21.7M $45M IPP Grant MMI-C Grant (QLD Govt) (Aust Govt) DFS CAPEX $553M Alpna HPA
Slide 8: Stage 2 Bulk Earthworks - December 2024
Stage 2 Bulk Earthworks —- December 2024 STAGE 2 : CONSTRUCTION UNDERWAY sok
Slide 9: Data centers electricity consumption
• • Data centers electricity consumption (TWh) Percentage of global electricity consumption 1,200 3.70% 4.00% 3.50% 1,000 1065 3.00% 2.50% 800 2.50% 2.00% 600 681 2.00% 1.30% 536 1.50% 400 1.00% 333 200 0.50% 0 0.00% 2022 2025P 2026P 2030P
Slide 10: Alpha's products make semiconductors and AI chips more efficient
* COOLER - Thermal Filleras Alpha’s products make high power semiconductors and Al chips more efficient through better thermal conductivity * FASTER - Alpha's Smart SX technology produces fiomdetectievelsiof Wiandithiand therefore less computational errors on the chip (faster) _<6@f) Epoxy Moulding
Slide 11: Semiconductor polishing with CMP abrasives
OU e Semiconductor substrates and stacked circuit layers are polished with a process referred to as Chemical Mechanical Planarisation (CMP). e EFFICIENT - Alpha’s aluminas provide a + 50% removal rate improvement in wafer polishing at lower operating temperatures e = Therapid growth of power semi-co
Slide 12: Alpha's High Purity Materials
ALPHA’S HIGH PURITY MATERIALS Technical APPROVAL from a GLOBAL Li-B anode OEM after 18months test work CELL COATING - Alpha UltraCoat Zero propagation from battery pack with high purity (Al-O-OH) boehmite coated cell casings (Utilises Alpha AFNitrate) — ANODE COATING Up to 100% reduction in thermal
Slide 13: Alpha UltraCoat - thermal runaway propagation control
Alpha UltraCoat - thermal runaway propagation control BATTERY CELL CASE COATINGS Coated vs Uncoated cell casings Front View Rear View UNCOATED ALUMINIUM 15 seconds under butane flame * Alpha UltraCoat — Test work underway with Global Automotive OEM * Independent modeling* shows neutral cost impact f
Slide 14: LCE growth from direct lithium extraction
LITHIUM CARBONATE EQUIVALENT (LCE) GROWTH FROM DIRECT LITHIUM EXTRACTION (DLE) 500 STRONG NEW DEMAND FOR “50 DIRECT LITHIUM EXTRACTION (DLE) SORBENTS 400 350 * DLE sorbents increasingly made from high-purity 300 alumina-hydrate (Al(OH)3 or ‘ATH’) w * Test-work and commercial demand growing & 250 rap
Slide 15: Novel, low energy, low-carbon process
Novel, low energy, low –carbon process
Slide 16: Test samples, LOIs and sales contracts
Test Samples / Qualification Samples (Number) @ Test/Qualification samples (LHS) w Letters of Intent or equivalent (RHS) Sales and/or binding contracts (RHS) Sales & binding contracts 2025/26 Metric Tonnes Jan-25 Jul-25, Jan-26 Stage 1 Commences 2020 2021 2022 2023 Stage 2 FID 2024 ACTUAL DPRPOGR C)
Slide 17: Customer qualification process
=) Sample =) (e) fe) = Passes Initial S Coot & Target Small Large _— Deskto Customer EK Sample(s) => ioe —_ Qualification Sales Identified Review Requested Requested eedbac & LOI’s Contracts * — Supply chains driving multi layered se . Sample qualification processes ‘iii Passes Initial oe . ve . . i
Slide 18: Market outreach and pricing
MARKET OUTREACH AND PRICING Extensive 4+ year global market outreach * Detailed, technically driven understanding of market and applications * Pricing obtained by interviews, sales, refined quotations and customer LOIs * Comprehensive database of pricing available for Alpha’s materials * Alpha in pr
Slide 19: Stage 2 DFS: strong financial metrics
STAGE 2 DFS: STRONG FINANCIAL METRICS HPA First Project Stage 2 Steady-state Financials (does not include Alpha Sapphire) First Project Stage 2 Alpha HPA Price Production volume ramp up (tpa) Steady state (FY30)' | Units | Discovery Case CapEx (includes $79M contingency) AS Mid Case Independent Pric
Slide 20: Upcoming milestones
5% Strategic Commence Definitive Investment & Supported Supported Technical Commercial North American Alpha Sapphire FID Stage 2 Raising Diligence Agreements MoU Raising A$40M A$180M ⚫ ⚫ ⚫ ⚫ ⚫
Slide 21: Alpha Sapphire
ALPHA SAPPHIRE: Conversion of Alpha HPA to synthetic sapphire using next-generation Ebner-Fametec new sapphire growth technology Demand Pull: Supply Crunch: Major new demand from GaN-on- End-user desire to de-link from Sapphire semiconductors Russia-China production Alpha SAPPHIRE 2 = | 1 5 Sapphire
Slide 22: Corporate Snapshot
22 CORPORATE SNAPSHOT TRADING INFORMATION SHARE PRICE PERFORMANCE — 3 YEARS ASX CODE A4N Share Price (24/03/2025) ~$0.815¢ 52-week trading range $0.77 - $1.18 _ Issued Shares 1136M : é CAPITAL STRUCTURE Issued Shares 1,136M Unlisted options (@90c) 8.8M (expire 30 April 2025) Unlisted options (@90c)
Slide 23: Thank You
THANK YOU Rob Williamson Managing Director +61 408 414 474 Rimas Kairaitis Executive Director and Chief Commercial Officer +61 407 125 176 Robert Lord Investor Relations +61 400 008 553 ® AlphaHPA