Chariot Limited · LSE:CHAR
Chariot — Shareholder Meeting (September 2023)
25 slides from Chariot's shareholder meeting presentation, Sep 7, 2023
Slide 1: Slide 1
Slide 2: Welcome from the Chairman
GEORGE CANJAR Chairman AGM Welcome from the Chairman 2
Slide 3: Resolutions
JULIAN MAURICE WILLIAMS Chief Financial Officer AGM Resolutions
Slide 4: Presenters
Presenters Adonis Pouroulis Benoit Garrivier Chief Executive Officer Transitional Power CEO Duncan Wallace Laurent Coche Technical Director Green Hydrogen CEO 4
Slide 5: The Global Energy Transition
THE GLOBAL ENERGY TRANSITION ENERGY SECURITY AND SUSTAINABILITY ARE AT THE TOP OF THE GLOBAL AGENDA. TO TAKE ON THE CHALLENGE OF REACHING 2050 TARGETS WE NEED A WIDE-RANGING TRANSITIONAL ENERGY PLAN AS WE DEVELOP A NEW GLOBAL ENERGY MIX. >95% of current hydrogen 600 M 90% production is fossil fuel b
Slide 6: Developing Scalable Transitional Energy Projects
Developing Scalable Transitional Energy Projects 70 BCF Delivering a strategically 637 430 located and material new BCF MW natural gas province 10 GW 30 MW 15 MW Building a world- Developing some of the class green largest renewable 40 MW hydrogen portfolio energy projects in Africa 6
Slide 7: Progress highlights across Chariot's projects
Front End Engineering and Debt consortium lined-up Design (FEED) completed for project finance Gas sales negotiations advanced with Synergistic new Loukos Onshore licence Moroccan and European offtakers awarded and initial drilling funded Finalising partnership to Moroccan gas to industry partnershi
Slide 8: Duncan Wallace
DUNCAN WALLACE Technical Director
Slide 9: Delivery of a New Gas Province in Morocco
Delivery of a New Gas Province in Morocco Chariot’s Moroccan Portfolio SPAIN Transformational Anchois gas 160 Daily Production (mmscfd) 140 development project with third party 120 High validation through farmout offers 100 80 60 2C Significant upside volumes to be 40 1C unlocked through drilling ca
Slide 10: Anchois – Getting Development Ready
Anchois – Getting Development Ready Geophysical and Geotechnical FEED Project Work Site Surveys Survey FEED 55,000 4 Completion Complete Man Hours Surveys Q3 Completed 498 c.20km2 Documents Area Completed Surveyed Funding Environmental Social Anchois East Impact Assessment Drilling Preparedness Well
Slide 11: Anchois – Inherent Growth Opportunities
Anchois – Inherent Growth Opportunities Anchois Drilling Impact Exploration well section on Recoverable Resources Development well section (Best Estimate BCF) 1020 Anchois 100+ mmscfd 2U 637 Bcf capacity 637 2C 361 2C 2C 2C Anchois-1 Anchois-2 Anchois-East Prediction ANCHOIS NORTH Anchois-1 Anchois-
Slide 12: Loukos - Landing the Catch Onshore
Loukos - Landing the Catch Onshore Overlooked Gas Play Provides Accelerated and New onshore licence awarded in a basin with high Material Commercial Opportunity historic success rate (80-85%) Miocene Geological similarity to Chariot’s offshore portfolio, Reservoir sharing unique insights between por
Slide 13: Low-Cost Value Multipliers
Low-Cost Value Multipliers Early High-Graded Portfolio Value Generation Example Individual wells can directly unlock a wider group of geologically-linked prospects* Gas play is shown to extend off current 3D area, providing material upside unlocks Gaufrette Industrial Gross Well Cost Gas Price US$3M
Slide 14: Accelerating Gas Sales in Multiple Markets
Accelerating Gas Sales in Multiple Markets Morocco Gas Supply Gas to Power Gas to Europe 140 Gas Inflow (mmscfd) PVB ($/mmbtu) 80 • MoU signed for supply of up • Existing GME pipeline 120 70 to 0.6 bcm./yr (60 mmscfd) permits bi-directional flow 100 60 to ONEE • 1.2 bcf/day capacity • Finalising agr
Slide 15: Benoit Garrivier
BENOIT GARRIVIER TRANSITIONAL POWER CEO
Slide 16: Transitional Power in a Transitional World
Transitional Power in a Transitional World Building a Substantial Renewable Energy Pipeline Across Africa Providing competitive, sustainable and reliable power solutions across Africa – focused on commercial, industrial & mining South African electricity trading licence holder, Etana Energy, has the
Slide 17: Power Project Progress
Power Project Progress 70,000 70% Solar Chariot Modules Developing the 40MW solar PV Interest Business model is very similar Buffelspoort project for the supply to Transitional Power of electricity to Tharisa’s chrome and renewable project model with PGM mine, in the North West long-term offtake Pro
Slide 18: Etana Electricity Trading Licence – End to End Solution
Etana Electricity Trading Licence – End to End Solution Unlocking Multiple Revenue Streams via Large Renewables Projects in South Africa 1 2 3 Electricity trading licences Chariot available (25%) Initial Power to portfolio of Neura H1 be traded wind Group Holdings generation (49%) (26%) assets Tailo
Slide 19: Laurent Coche
LAURENT COCHE GREEN HYDROGEN CEO
Slide 20: Hydrogen – A Critical Piece of the Net Zero 2050 Puzzle
Hydrogen – A Critical Piece of the “Net Zero Emissions by 2050” Puzzle Estimates for global green hydrogen (H2) demand for 2050 H2 is recognized as a highly versatile energy carrier could reach 800 Mtpa that can help decarbonize energy systems globally Major demand centers such as the EU and the US
Slide 21: One of the Most Significant Green H2 Projects in Africa
One of the Most Significant Green H2 Projects in Africa Project Nour is our flagship 10 GW project in Northern Mauritania Iron Mines • Co-developing project with TEH2, progressing ▪ H2 / NH3 Production feasibility studies alongside their ‘OneTech’ ▪ Potential DRI Area engineering team – to be comple
Slide 22: Focus on Near-Term Production and Long-Term Scalability
Focus on Near-Term Production and Long-Term Scalability Focus on establishing early production on a commercial basis – a deliberate Our 1st proof of concept is under development at phasing approach is key to de-risking projects OCP’s Jorf Lasfar industrial site in Northern Morocco 1 2 Series of Tech
Slide 23: Material Cash Generation, Leader in Energy Transition
Material Leader in De-Risk Cash Energy Business Generation Transition Deliver Diverse, Generate Multiple Multi-Asset Revenues World-Class Company Assets Onshore 74 • Drilling Campaign 74+ • Organic Re-Investment Bcf • First Gas Bcf • Gas-to-Industry at Scale 10+ Tcf 637 • Partner • Anchois Material
Slide 24: Delivering a strategically located and material new natural gas basin
Delivering a strategically located and material new natural gas basin Developing some of the Building a world-class largest renewable energy green hydrogen projects in Africa portfolio
Slide 25: 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