Chariot Limited · LSE:CHAR
Chariot — Shareholder Meeting (September 2025)
18 slides from Chariot's shareholder meeting presentation, September 2025
Slide 1: AGM Presentation September 2025
AGM PRESENTATION SEPTEMBER 2025
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer and Forward Looking Statements These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the Company nor shall they or any part of them form the basis of or be r
Slide 3: Welcome from the Chairman
ANDREW HOCKEY Chairman AGM Welcome from the Chairman 3
Slide 4: Resolutions
CHARIOT :#383+ RESOLUTIONS
Slide 5: Presenters
Presenters Adonis Pouroulis Julian Maurice-Williams Duncan Wallace Chief Executive Officer Chief Financial Officer Technical Director • One of the founders of Chariot, has worked • Chartered Accountant with over 20 • Geologist with over 25 years of in the resources sector for over 30 years years of
Slide 6: Our DNA and Overarching Philosophy
Our DNA and Overarching Philosophy Evalua ting Ne wV Entrepreneurial, en tu Resilient, Adaptive and re Upstream Developing Scalable Projects Proactive Spirit to Provide Affordable and O MOROCCO pp Sustainable Energy or tun itie Water sA DJIBOUTI Green H2 cros MAURITANIA s Africa Diverse Portfolio of
Slide 7: Morocco New Ventures: Redefined Africa Focused Upstream Growth Business
Redefined Africa Focused Upstream Growth Business Morocco New Ventures Operator of Diverse Pursuing Multiple near-term one onshore development Namibian licence production & & two offshore & exploration adjacent to giant exploration licences portfolio oil discoveries opportunities Re-define the Secur
Slide 8: Creation of an Emerging Market Renewable Player
Creation of an Emerging Market Renewable Player Trading Generation South Africa Secured US$175m ~400 MW gross Progressing focused electricity financing renewable projects renewable power trading business, commitments, & 20 major pipeline in Etana Energy Etana fully-funded offtakers secured southern
Slide 9: Chariot Group Milestones and Catalysts
Chariot Group Milestones Catalysts Recent Near-Term Secure Secure 3 Wells Farm-out Namibia Partners for Drilled Concluded for New Venture Development & in Morocco Offshore Morocco & Other Assets Drilling in Morocco US$175m Resecured Continue to Demerge Financing Operatorship Expand the the Group : S
Slide 10: Upstream Oil & Gas
Upstream Oil & Gas
Slide 11: Upstream Strategy – Responding to Industry Shift
Upstream Strategy – Responding to Industry Shift PORTFOLIO MOROCCO EXPANSION Diverse Opportunities in a Fundamentally Advantaged Location Securing Low-Cost and Highly Prospective Projects Offshore Gas Offshore Oil & Gas Onshore Gas Development Exploration Appraisal Diverse Production, Leverage Oil &
Slide 12: Our Moroccan Footprint: Diverse Exploration Portfolio of Opportunities
Our Moroccan Footprint : Diverse Exploration Portfolio of Opportunities SPAIN Tangier MOROCCO ANCHOIS DEVELOPMENT : Newly Reprocessed Re-Scaled & Robust Economics 3D Seismic Data Loukos Onshore Attractive commercial CPF 16 Bcf Existing Discoveries fundamentals are unchanged Anguille Shallow Water Hu
Slide 13: Portfolio Expansion – Playing to Our Strengths
Portfolio Expansion – Playing to Our Strengths 20 YEARS IN NAMIBIA : Preferential Position in Global Exploration Hotspot PORTFOLIO EXPANSION 10% Back-in right Long operational history with a deep subsurface understanding Leverage operating Target projects which Target mature, short- experience to ac
Slide 14: Renewable Power
Renewable Power
Slide 15: Renewable Strategy: Focused on Power in Southern Africa
Renewable Strategy: Focused on Power in Southern Africa TRADER GENERATOR PROJECTS ACROSS SOUTHERN AFRICA Enabling Construction of ETANA ENERGY Generation Projects through POWER TO ETANA & TRADING BUSINESS Bankable Offtake POWER TO MINES Buying Power from Multiple Generators and Selling to Investing
Slide 16: Future Growth Plans
Future Growth Plans ETANA GENERATION Power to Industry Leveraging Etana Near-Term Long-Term Financing Near-Term Long-Term Financing As private generation Expand into Southern Fully funded – Equity stake in wind Pursuing further Initial subsidiary funding market matures, we African Power Pool & secur
Slide 17: Corporate & Funding Structure
Corporate & Funding Structure CHARIOT SHAREHOLDERS Parent Company Oil & Gas Upstream Business IPO - Sale - Dividend in Specie Consideration Demerged Vehicle Non-South African Generation Assets Other Projects KARO FQM WATER H2 EQUITY INVESTORS South $$ Africa MINORITY EQUITY INVESTOR up to US$20m 34%
Slide 18: Upstream & Renewables: Unlocking the Value of Two Businesses
UPSTREAM & RENEWABLES Unlocking the Value of Two Businesses