D3 Energy Limited · ASX:D3E
D3 Energy — IPO Roadshow (March 2024)
30 slides from D3 Energy's IPO roadshow presentation, March 2024
Slide 1: Energy & Helium for the 21st Century
Energy & Helium for the 21st Century March 2024 d3energy.com.au
Slide 2: D3 Energy Limited
D3 Energy Limited This document provides summary information about D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) current as at the date of this presentation. This document has been prepared for information purposes only The information contained in this document is of general backgr
Slide 3: What’s in a name?
What’s in a name? • Why D3 Energy? • “D3” First evidence of Helium was obtained in August 1868 when French Astronomer, Jules Jansen observed a solar eclipse through a prism, where he noticed a bright yellow spectral line emanating from the chromosphere of the sun – at the time this was thought to be
Slide 4: Investment Highlights
Investment Highlights Proven helium and methane province Methane (natural gas) demand Major D3 shareholder is in South Africa with world class helium significantly exceeds supply in gas retailer in South Africa concentrations as high as 9% energy starved South Africa Helium is regarded as a "Critica
Slide 5: Portfolio
Portfolio d3energy.com.au | 5
Slide 6: Assets
Assets • Four permit areas totalling 442,750 acres in the Free State South Africa Permit Area (acres) ER315 294,986 ERA341 81,535 TCP235 36,843 TCP240 29,386 • Prospective for both natural gas (methane) and helium • Confirmed free flowing gas production rates from historical boreholes of close to 10
Slide 7: What is Helium & what’s it used for?
What is Helium & what’s it used for? d3energy.com.au | 7
Slide 8: Helium – What’s it used for?
Helium – What’s it used for? Source: Akap Energy (Feb 2024) Helium is a critical resource for the 21st Century d3energy.com.au | 8
Slide 9: How much do we use?
How much do we use? d3energy.com.au | 9
Slide 10: Global Helium supply and demand
Global Helium supply and demand • Classic case of demand outstripping supply • Current demand growth of around 5-6% is double expected supply growth • Total market expected to grow from 6BCF to just over 8BCF in 2030 • Tightening supply will have an obvious effect on price Current and projected Heli
Slide 11: So what’s its worth?
So what’s its worth? d3energy.com.au | 11
Slide 12: Helium pricing
Helium pricing • The cost of helium is at record levels and is predicted to continue to increase • Prices over last 5 years have increased at 18% p.a • US spot pricing was between US$1,000 and $2500/mcf in 2022 Estimated Helium Import Pricing (US$/mcf) Global Helium Export Prices by Region (US$/mcf)
Slide 13: Exploration Right 315 (ER315)
Exploration Right 315 (ER315) d3energy.com.au | 13
Slide 14: ER315 - Helium
ER315 - Helium • ER315 alone covers an area of close to 295,000 acres which dwarfs many north American projects • ER315 helium concentrations also compare very favourably to main producing fields globally Helium Concentrations for Producing Fields Globally D3 helium concentrations are world class No
Slide 15: ER315 - Independently Certified Resource
ER315 - Independently Certified Resource • D3 Energy engaged Sproule to review and independently certify both a Prospective Resource and Contingent Resource for ER315 • Sproule have undertaken the Reserve and Resource reporting for Renergen’s Virginia Gas Project • Initial exploration work undertake
Slide 16: ER315 – Active drilling programme
ER315 – Active drilling programme • Two well drilling programme with first well spudded 2nd February • Start of a programme to develop optimal well completion design for production testing • Gather important geophysical data for future seismic programmes • Provide some important insights into geolog
Slide 17: An analogue next door…
An analogue next door… d3energy.com.au | 17
Slide 18: Success story right next door
Success story right next door • D3 Energy’s project is adjacent to the Renergen (RLT) Production Right, which was the first Production Right of this kind to be issued in South Africa • RLT is producing both LNG and helium at its Virginia Gas Project • Members of D3 were intricately involved and were
Slide 19: D3 Energy is not just about Helium!
D3 Energy is not just about Helium! d3energy.com.au | 19
Slide 20: It’s not just Helium…and South Africa needs it
It’s not just Helium…and South Africa needs it • ER315 and adjacent permits also have significant prospectivity for: • deep basin biogenic gas (methane) • coal seam methane • conventional sandstone reservoirs • South Africa currently imports gas via pipeline from the Pande & Temane Source: Annual Re
Slide 21: D3 has established strategic partnerships
D3 has established strategic partnerships d3energy.com.au | 21
Slide 22: NOVO Energy – www.novoenergy.co.za
NOVO Energy – www.novoenergy.co.za • NOVO Energy (NOVO) is an integrated energy and technology company and licensed gas trader and major D3 Energy shareholder. NOVO has a focus on: • Procurement and development of methane rich gas sources • Establishment and ownership of gas infrastructure (CNG/LNG/
Slide 23: D3 Energy Team
D3 Energy Team d3energy.com.au | 23
Slide 24: D3 Energy team
D3 Energy team Board & Key Personnel Greg Columbus Greg has over 30 years business experience in delivering large complex Oil & Gas projects. He has along the course of his career developed a reputation for strong strategic vision and has been involved in numerous M&A activities. He is currently a D
Slide 25: Capital Structure & Use of Funds
Capital Structure & Use of Funds d3energy.com.au | 25
Slide 26: Indicative IPO Capital Structure
Indicative IPO Capital Structure SHARES PERCENTAGE Founder Shares 10,000,100 8.3% Vendor Shares 29,270,000 24.2% First Seed Round Shares - $0.10 7,400,000 6.1% Second Seed Round Shares - $0.16 24,124,906 20% IPO - $0.20 50,000,000 41.4% TOTAL SHARES (UNDILUTED) 120,795,006 100% Class C Vendor Perfor
Slide 27: Indicative use of funds
Indicative use of funds Indicative use of funds Cost (AU$) Exploration and feasibility costs – ER315 7,000,000* Environmental and Desktop Studies - ERA341, TCP235 & TCP240 397,408 New Project Generation & Acquisition 1,000,000 Working Capital 1,910,772 Costs of Offers (not paid as at date of prospec
Slide 28: Risk Factors
Risk Factors d3energy.com.au | 28
Slide 29: Risk Factors
Risk Factors Potential investors should be aware that subscribing for shares in D3 Energy involves a number of risks. Some of the more significant risks which impact on an investment in D3 Energy are set out below. The risk factors set out below are not exhaustive • Listing Risk – there are a range
Slide 30: d3energy.com.au
d3energy.com.au Matt Worner David Casey Geoff Barnes John Clarkson +61 429 522 924 +61 419 685 739 +61 408 125 572 +61 416 251 215 matt@d3energy.com.au david@d3energy.com.au geoff.barnes@pelotoncapital.com.au john@originatecapital.com.au