Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (April 2023)
24 slides from Provaris Energy's investor presentation, Apr 5, 2023
Slide 1: Provaris Energy Retail Investor Presentation April 2023
For personal use only PROVARIS ENERGY Connecting the world to a clean energy future with Compressed Hydrogen Retail Investor Presentation | April 2023 Australia www.provaris.en er gy Norway
Slide 2: 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 Provaris’ operations and Provaris
Slide 3: Global experience in energy infrastructure, utilities, ship newbuilds and capital markets
Global experience in energy infrastructure, utilities, ship newbuilds, operations, and capital markets For personal use only Martin Carolan Garry Triglavcanin Greg Martin Andrew Pickering David Palmer Norman Marshall Managing Director Executive Director & Chief Chairman Non-executive Non-executive C
Slide 4: Providing investors with key highlights
For personal use only +25 countries USD Trillions Policy Support REPowerEU Committed to hydrogen Global investments From governments 10Mtpa demand for roadmaps to support under development for globally to incentivise hydrogen imports in net zero targets H2 Supply Chains sustainable projects Europe b
Slide 5: +25 countries committed to hydrogen roadmaps
For personal use only > +25 countries committed to hydrogen roadmaps Global hydrogen demand by sector in the Net Zero Scenario, 2020-20301 > Trillions (USD) investment under development for H2 Supply Refining Industry Transport Power Chains Ammonia - fuel Synfuels Buildings Grid injection 200 > Sign
Slide 6: Accelerating innovation in the hydrogen industry
Accelerating innovation in the hydrogen industry to bridge the gap with safe, efficient and economic solutions For personal use only Production of Hydrogen Shipping Leveraging Hydrogen and Storage unique IP > Developer full value-chain for export of > Infrastructure for storage and shipping of > Pro
Slide 7: Two key regional markets strategically positioned
For personal use only Two key regional markets strategically positioned based on carriers shipping range (2,000 to 3,000 Nm) Pre-feasibility underway for joint development of H2 Export to EU Office established in Norway in 2022 to capitalise on the fast-growing European opportunities REPowerEU
Slide 8: Floating pipeline to connect regional markets
‘Floating pipeline’ to connect regional markets eliminating scale and capex required for alternative carriers For personal use only Production of Green Hydrogen Compressed H2 Supply Chain Battery Water Storage Desalination 1. Compress 2. Store & Transport in 3. Decompress Pipeline H2 & Load gaseous
Slide 9: Unit economics for compressed H2 marine transport
rewarded through reduction unit economics for compressed H2 marine transport Scale benefits on utilization across the compressed H2 supply chain can achieve sub-USD 1.00/kg transport costs For personal use only 4.00 3.50 3.00 Illustration of LCOH for compressed H2 transport, H2Neo + Barge Storage, 1
Slide 10: Factors that impact LCOH of supply chain
For personal use only Factors that impact on LCOH of supply chain Minimise (re)conversion losses and capex required for alternative carriers Compression Liquefaction Ammonia (LH2) (NH3) Does not require a base-load renewable energy supply to be efficient ‘Load Follow’ 100% 0% 40-100% Variable Profil
Slide 11: H2Neo and H2Max compressed hydrogen carriers
Low emission shipping through green fuels for power generation, including Fuel Cell and Hybrid integration For personal use only Marine Classification Ship Broker Technical Partner > Standard MR/LR tanker with two integrated tanks to store Two Carriers under development hydrogen at 250 bar pressure
Slide 12: JRC study on compressed hydrogen delivered by ship
(1Mtpa continuous delivery over a 2,500km distance to market) For personal use only “In the case of compressed hydrogen delivered by ship, it can be seen that the final cost is dominated by the transport costs. Due to its lower density, transport of compressed hydrogen requires a bigger and more exp
Slide 13: Developing an early-mover export project for Australia
For personal use only Australian title page… Developing an early-mover export project for Australia
Slide 14: Tiwi H2 green hydrogen export project
Strategic decision to develop both upstream hydrogen molecules and integrate with compressed hydrogen supply chain For personal use only Strategic Location to Markets 2.8 GW Solar Generation Existing Port Infrastructure 2027 Solar Intensity & Water Access Target for first export Traditional Land Own
Slide 15: Tiwi H2 development timeline
For personal use only > Concept Design Study (August 2022) confirmed feasibility for compressed hydrogen production for 100,000 tpa export project > Permitting advancing with Federal and Territory EIS submission scheduled Q4 2023 > Early Works Program underway for Solar Farm pre-FEED and Owners Engi
Slide 16: Positioned for the European opportunity
For personal use only Positioned for the European opportunity
Slide 17: Provaris as the missing link for Europe
Provaris identified as “the missing link” to enable scale-up of daily production (tpd) and aggregate for coastal transport For personal use only and potential export volumes to Europe Arena H2 Custer coastal production hubs supported by ENOVA funding > +€100 billion in EU funding allocated to tackle
Slide 18: Five supply corridors to unlock hydrogen by 2030
For personal use only > Five supply corridors set to unlock abundant and cost- effective hydrogen by 2030 • Phase 1: Completed 2025-2026 to supply large industrial clusters on the coast + the connection to storage • Phase 2-3: Completed 2027-2030 > Initial local connections set stage for expansive E
Slide 19: Collaboration with world-scale hydrogen developers
For personal use only with world-scale hydrogen developers
Slide 20: HyEnergy Export Feasibility Study
Provaris continues to see an increase in awareness and interaction from hydrogen developers across Europe and Asia For personal use only seeking to understand the benefits of our Compressed Hydrogen Supply Chain > Multiple parties continue due diligence and education on how compression can unlock th
Slide 21: Key takeaways and key focus for 2023
For personal use only KEY TAKEAWAYS KEY FOCUS FOR 2023 > REPowerEU has established a 10Mpta import market & > Confirm scope and location of first Norway project Norway to benefit from ‘additionality’ rules being introduced > Mature a portfolio of export projects from the Nordic region to confirm sec
Slide 22: Capital Structure
For personal use only Capital Structure Regional Office Locations Servicing Europe & Asia Ordinary Shares on Issue (PV1.ASX) 548 Million Market Capitalisation (at 5c) A$ 27 Million Cash (at 31 December 2022) A$ 8.1 Million Listed Options on Issue (PV1OA.ASX) 1 96.7 Million Performance Rights 2 24.0
Slide 23: ESG framework and purpose
Provaris has adopted the World Economic Forum (WEF) framework to report material and non-material Environmental, For personal use only Social and Governance (ESG) matters Our purpose is to produce • ANTI BRIBERY/CORRUPTION We maintain the highest standards of and develop renewable integrity and hone
Slide 24: Contact details
For personal use only Martin Carolan Managing Director mcarolan@provaris.energy Per Roed Chief Technical Officier www.provaris.energy proed@provaris.energy ASX.PV1 Garry Triglavcanin @ProvarisEnergy Chief Development Officer Provaris Energy Ltd. gt@provaris.energy Sydney, Perth, Oslo info@provaris.e