Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (October 2024)
32 slides from Provaris Energy's investor presentation, Oct 16, 2024
Slide 1: Enabling the transition to a low-carbon future
For personal use only Enabling the transition to a October 2024 ASX.PV1 Simplicity | Efficiency | Flexibility www.provaris.energy
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 opportunity
Provaris offers a unique investment to gain Significant For personal use only Australian Public Co. (ASX.PV1) located in opportunity to Sydney & Oslo (Provaris Norway AS) Strategically focused on European market where develop safe, policy for energy security and decarbonisation depends on new bulk s
Slide 4: Hydrogen and CO2 solutions to meet global decarbonization goals
to meet global decarbonization goals Policy, Industry and Funding established for H2 Steel Refineries CCGT Power Mobility For personal use only Glass and CO2 focused on hard-to-abate industries Smelters Generation (HDVs, Maritime) Future focused on eliminating emissions ... Focused on reducing exist
Slide 5: Strong partners developing integrated solutions driving global supply chains
developing integrated solutions driving Global 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 C
Slide 6: Europe established as a leading hydrogen market, relying on imports for 70% of demand
For personal use only Europe established as a leading hydrogen market, relying on imports for 70% of demand www.provaris.energy
Slide 7: Hydrogen sector continues to rapidly evolve
Hydrogen sector continues to rapidly evolve and remains a crucial component to meeting energy transition goals Three markets set to dominate low-carbon More than $360 billion is now available for For personal use only hydrogen supply this decade hydrogen, with a focus on supply Forecast annual low-c
Slide 8: Europe's dependency on energy imports has increased to 60%
Europe’s dependency on energy imports has increased to 60% with hydrogen to follow 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 National Hydrogen Strategy
Slide 9: Partnering with Uniper for supply and offtake of RFNBO compliant hydrogen
Partnering with Uniper for supply and offtake of RFNBO compliant hydrogen from the Nordics to NW 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 Europe FjordH2 270MNW For p
Slide 10: Concept Design Study reaffirms energy efficient, low-cost supply chain for Europe
Concept Design Study reaffirms enables energy efficient, low-cost supply chain 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), confirms capital and energy efficiency benefits 50% more
Slide 11: Compressed Hydrogen demonstrates superior cost advantage
Compressed Hydrogen demonstrates superior cost advantage against regional projects successful in EU funding rounds 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
Slide 12: Proprietary hydrogen carrier unlocking regional supply chains at lowest delivered cost
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 Proven compression technologies enable flexible For personal use only H2Neo Compressed Hydrogen Carrier and low cape
Slide 13: Provaris and Norwegian Hydrogen: Powering Large-Scale Green Hydrogen Exports
Provaris and Norwegian Hydrogen : Powering Large- Scale For personal use only Green Hydrogen Exports from the Nordics Proven experience in deleloping production hubs across Nordics Collaboration projects include equity participation for Provaris in H2 supply www.nh2.no 13
Slide 14: Provaris and GES partner in developing a bulk-scale hydrogen import facility
Provaris and GES partner in developing a bulk-scale hydrogen import facility within For personal use only Rotterdam’s global energy hub > Supported by Bluewater Energy and White Deer Energy, leaders in new energy storage operating four storage assets > Strategically located in the world’s largest en
Slide 15: Joint development of innovative CO2 Tank Designs
| For personal use only Joint development of innovative CO2 Tank Designs leveraging Provaris H2 Tank IP www.provaris.energy
Slide 16: Carbon Capture and Storage value chain already well established
Carbon Capture and Storage (CCS) value chain already well established A vital component in achieving decarbonisation for Hard-to-Abate industries Projected growth in CCS capacity post 2030 For personal use only EU & US dominating the capture markets short-term 42.6 / 201.4 Capture capacity of operat
Slide 17: Provaris and Yinson Production - 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 For personal use onl
Slide 18: Why invest in Provaris
For personal use only Why invest in Provaris www.provaris.energy
Slide 19: Building on proven foundations to capitalise on growing demand
Building on proven foundations to capitalise on growing demand for hydrogen and What we achieved so far… Upcoming Catalysts 2024-25 For personal use only Proven technology and unique IP for cost-effective hydrogen storage and transport solutions 1. Advancing signed term sheet for H2 supply, offtake
Slide 20: Corporate Overview
For personal use only Corporate Overview www.provaris.energy
Slide 21: Board & Management
Board & Management Global 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 Commercial B
Slide 22: Corporate Overview: Capital Structure
Corporate Overview Capital Structure Shareholding (Undiluted) Ordinary Shares on Issue (PV1.ASX; WS90.BE) 631 M OC Funds 4.9% For personal use only 12mth Share price range (high-low) 6.5c to 1.8c HNW/Family Office 17.0% Market Capitalisation (at 2.5c) A$ 14.5 M Board & Management 7.0% Cash (30 June
Slide 23: 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
Slide 24: Appendices
For personal use only Appendices www.provaris.energy
Slide 25: Solution for the bulk-scale supply of gaseous H2
solution for the bulk-scale supply of gaseous H2 Production of Hydrogen Proprietary Shipping & Storage Solutions For personal use only Provaris’ unique business model operates across the supply chain… Green Hydrogen Production Provaris Storage and Marine Transport solution Distribution End-user (Por
Slide 26: Energy efficiency benefits of a compressed hydrogen supply chain in the Nordics
Energy efficiency benefits of a compressed hydrogen supply chain in the Nordics delivers up to 50% more hydrogen Compression required a 3% energy use over the entire supply chain vs 35% for NH3 when delivered as gas For personal use only Provaris Compressed Gaseous Hydrogen Compression Nordic H2 Pro
Slide 27: Advanced development of bulk-scale hydrogen carrier pending final approvals
Advanced development of bulk-scale hydrogen carrier pending final approvals Unique Proprietary tank design ‘unlocks’ significant market opportunity for low-cost storage and transport 2021 2022 2024 2025 2027/28 For personal use only AiP received FEED Design Class Approval Program (Approval in Princi
Slide 28: Low carbon intensity for Compressed H2 supply chain
for Compressed H2 supply chain Compressed hydrogen supply comfortably below the stringent requirements set forth by the EU's RED II and RFNBO, based on 1,600 Nm round trip, Norway to Germany For personal use only Required carbon intensity for EU REDII 28.2 g compliance CO2e/ MJ H2 > Supporting analy
Slide 29: Automated robotic laser welding for low-cost storage tanks
Choice of automated robotic laser welding to ‘crack the code’ on low-cost storage tanks through industrial scale production Use of proven laser-hydbrid welding procedures and materials approved for use by DNV for marine and industrial applications For personal use only Increased productivity (~20x v
Slide 30: Digital twin and robotic cell for full scale production
Extensive design and programming to complete a ‘digital twin’ prior to construction. Optimisation through the prototype phase results in a fully automated robotic cell ready for full scale production line. For personal use only Robotic-laser welding is key to lowering the capex for the tanks and by
Slide 31: Robots programmed for nano-meter accuracy
For personal use only Robots programmed for nano-meter accuracy, verified through construction, and allowing for a very high quality of welding All design drawings are protected by copyright: ©2023 Provaris Energy Ltd Group 31
Slide 32: Large addressable market for industrial hydrogen storage applications
Large addressable market for industrial applications seeking alternatives to high-cost composite hydrogen solutions Development for a production cell facility in Norway to provide early revenue opportunities in 2025 Large addressable market focused compression Maximise the volume of hydrogen stored
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