Pilot Energy Limited · ASX:PGY
Pilot Energy — Shareholder Meeting (December 2020)
21 slides from Pilot Energy's shareholder meeting presentation, Dec 10, 2020
Slide 1: Investor Presentation
PILOT ENERGY LIMITED ASX:PGY Investor Presentation Uniquely Positioned to Begin the Transition Investor Presentation December 2020
Slide 2: Overview – Making the Transition
Overview – Making the Transition Leveraging existing business and assets in Tier-1 locations to transition from a pure oil & gas company into a World-class renewable energy developer Existing Business Opportunities Western Australia NT SA Perth Bunbury 2 Investor Presentation December 2020
Slide 3: Investment Highlights
Investment Highlights Tier 1 assets – Owner/Developer of Mid-West Transformational growth opportunities – to Integrated Renewable & Hydrogen Project and leverage existing assets, location and infrastructure to South-West Blue Hydrogen & CCS Project deliver world-class renewable energy projects Ideal
Slide 4: Pilot at a Glance
Pilot at a Glance ASX Code: PGY Capital Structure • Issued shares (10 December 2020) 1, 2 218.4 million • Market Capitalisation (10 December 2020) 1, 2 $7.2 million Mid-West Integrated • Cash on hand (10 December 2020) $2.0 million Renewables and Hydrogen Reserves & Resources • Mid-West Offshore • P
Slide 5: Proven, Experienced Board and Management Team
Proven, Experienced Board and Management Team Brad Lingo Tony Strasser1 Daniel Chen Bruce Gordon1 Executive Chairman and Director Managing Director Non Executive Director Non Executive Director 30+ years international senior executive Extensive oil & gas experience including 17+ years of internation
Slide 6: Strategy and Opportunity: World-class Resources
Strategy and Opportunity Convergence Offshore Petroleum Permits Wind Mid-West World-class Resources Cliff Head Oil Field Mid-West Existing Assets Arrowsmith Processing Renewables Plant & Hydrogen Solar South-West South-West Onshore Hydrogen Petroleum Permits CCS 6 Investor Presentation December 2020
Slide 7: The Case for Renewables
The Case for Renewables Technology advances have dramatically reduced costs for solar & wind power in last decade below fossil fuel alternatives Global weighted average levelized cost of electricity from utility- Competitive power generation costs make investment in scale renewable power generation
Slide 8: The Case for Low Cost Hydrogen
The Case for Low Cost Hydrogen Costs of Producing Hydrogen from Renewables and Fossil Fuels Today (Levelized Cost of Hydrogen) 8 7 6 5 LCOH (USD/kg) 4 3 Pilot focus 2 1 0 Average Cost Average Cost Low Cost Low Cost SMR Natural Coal Coal Best Case Wind SMR Natural Gas Solar PV Wind Solar PV Wind Gas
Slide 9: A Clear Pathway to Low Cost Hydrogen
A Clear Pathway to Low Cost Hydrogen Mid-West Renewable & South-West Hydrogen Projects are uniquely positioned for both blue and green hydrogen Low-cost industrial scale renewable energy – wind & solar 2020 2030 Existing readily accessible, established CCS/CCUS sites Readily available natural gas fe
Slide 10: Mid-West Renewables & Hydrogen
Mid-West Renewables & Hydrogen Premium Renewable Energy Resource anchoring development of transformational renewable energy projects 10 Investor Presentation December 2020
Slide 11: Mid-West Region: World-class Wind & Solar Resources
Mid-West Region: World-class Wind & Solar Resources Uniquely located in one of the world’s best renewable energy jurisdictions Global Offshore Wind Speeds Australia’s Renewable Resources: Wind 11 Investor Presentation December 2020
Slide 12: Mid-West Renewable Resource Zone – All The Right Stuff
Mid-West Renewable Resource Zone – All The Right Stuff Premium Renewable Established Clear Hydrogen Resource Precinct Infrastructure Development Pathway Renewable resources – Coastal Mid-West is Grid connected – Served by Western Power’s Blue hydrogen – Combination of existing one of Australia’s hig
Slide 13: Multiple Commercialisation Pathways
Multiple Commercialisation Pathways Electrons to WA grid WEM Mid-West Wind & Solar project Perth Electrons for Domestic Hydrogen Mid-West Domestic Hydrogen/Electrons for Green Steel Mid-West Domestic Hydrogen for Green Perth Chemicals Mid-West CO2 from Hydrogen to CCUS Cliff Head Electrons for Expor
Slide 14: Integrating the Mid-West: Renewables & Cliff Head
Integrating the Mid-West: Renewables & Cliff Head Cliff Head Oil Field/Infrastructure provides unique position • The only offshore oil and gas infrastructure along the Mid-West Region coast WA-481-P provides significant opportunity accessible from Cliff Head • Permit contains multiple identified exp
Slide 15: South-West Blue Hydrogen Project
South-West Blue Hydrogen Project Focussed on delivering blue hydrogen combining advanced carbon capture with premium renewable energy resource 15 Investor Presentation December 2020
Slide 16: South-West Blue Hydrogen & CCS
South-West Blue Hydrogen & CCS Focus on development of blue hydrogen production project • Hydrogen produced using natural gas using low-cost conventional SMR/ATR technology with full CCS “Blue” hydrogen has compelling cost/economic advantage • Platts Analytics estimates blue hydrogen can be produced
Slide 17: Integrated Renewables Development Strategy
Integrated Renewables Development Strategy Focus on large scale wind & solar leveraging existing assets and facilities – Cliff Head, Arrowsmith & SW tenures Utilizing Existing Leverage Existing Data Feasibility to Permitting to Large Range of Asset Footprint & Knowledge Base Permitting Partnering Po
Slide 18: Key Milestones
Key Milestones CY2020 CY2021 CY2022 CY2023 Corporate • May – New strategy • Develop partnering strategy • Implement corporate and announced for Mid-West WSP project funding strategy • September – Transactions • Formulate overall corporate • Implement Mid-West WSP deliver and enhance and project fund
Slide 19: Summary
Summary Leveraging existing assets and experience to move from pure oil & gas explorer into an energy transition company developing oil & gas production and World-class renewable energy projects Material holdings in both Mid-West & South-West Regions of Western Australia, recognised as World-class w
Slide 20: Compliance Statements
Compliance Statements Disclaimer This investor presentation has been prepared by Pilot Energy Limited ABN 86 115 229 984 (Pilot or the Company). Competent Persons Statement Any material used in this presentation is only an overview and summary of certain data selected by the management of Pilot. The
Slide 21: Contact
Contact Pilot Energy Limited Level 12 225 George Street Sydney NSW 2000 www.pilotenergy.com.au Phone: +61-2-8016-2819 Email: info@pilotenergy.com.au 21 Investor Presentation December 2020