Fuelpositive Corp. · TSXV:NHHH
Fuelpositive — Shareholder Meeting (April 2022)
24 slides from Fuelpositive's shareholder meeting presentation, Apr 19, 2022
Slide 1: Management Update
Management Update Presented at the Annual General Meeting April 19, 2022 TSXV: NHHH • OTCQB: NHHHF
Slide 2: Disclaimer
Disclaimer Certain statements and documents referred to in this presentation, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as "may", "would", "could", "wil
Slide 3: Agenda
Agenda • Introduction to FuelPositive • Remarks from Dr. Ibrahim Dincer • 2021 Achievements • 2022 Milestones • Status Update
Slide 4: Who are we?
Who are we? • Canadian-based technology, growth stage company, operating internationally • Identifying practical solutions • Clean • Sustainable • Economically viable • Can be implemented now • Lead product is green ammonia production system TSXV: NHHH • OTCQB: NHHHF 4
Slide 5: Vision
Vision The climate crisis has already been solved. We already have all the facts and solutions. All we have to do is wake up and change. Greta Thunberg TSXV: NHHH • OTCQB: NHHHF 5
Slide 6: Ammonia (NH3)
Ammonia (NH3) • Used for over 100 years • 200 million tonnes consumed annually worldwide • 80% used in agriculture as fertilizer • Also used for: • Textiles • Mining • Chemical production • Cleaning materials • Pharmaceutical manufacturing • Water treatment • Fuel • Refrigerant TSXV: NHHH • OTCQB: N
Slide 7: Direct CO2e Emissions to Produce One Tonne of Ammonia
Direct COze Emissions to Produce One Tonne of Ammonia 2.867 Tonnes (Global Average) of CO2e are Emitted for Every Tonne of Ammonia Produced Plus CO2e Emissions from Fossil Fuel Extraction and . toe . | Huge Emissions From Transport Refining Direct CO2e Emissions From Combustion of Coal, Naphtha and
Slide 8: FuelPositive Research & Development Projects
FuelPositive Research & Development Projects Inputs FuelPositive - Small Scale Ammonia Synthesis Uses Source of Fertilizers . (Ammonia) 5 Sustainable storageTanks + Pure Ammonia Onsite Storage + Ammonia Blends i Urea Carbon-Free Grid/ ° Other ‘Surplus Green Chemicals + Ammonia Blends For Industrial
Slide 9: The FuelPositive System Generates Zero CO2e Emissions
The FuelPositive System Generates Zero CO2e Emissions Drying Standby Air 2, Electrical Energy Y Sustainable a Storage and || VA owe J nf Generation Water : ll A®@x TSXV: NHHH ¢ OTCQB: NHHHF
Slide 10: Dr. Ibrahim Dincer
Dr. Ibrahim Dincer NW FuelPositive Fuel For A Mindful World
Slide 11: 2021 Milestones
2021 Milestones üIdentify and acquire new IP üFile for patent protection üRebrand company üStrengthen Board and appoint expert advisors üDevelop manufacturing partnership üBegin building first demonstration system üSecure funding üHire commercialization team üDevelop opex costing model üCreate manuf
Slide 12: Tracy and Curtis Hiebert
Tracy and Curtis Hiebert TSXV: NHHH • OTCQB: NHHHF
Slide 13: 2022 Milestones/1
2022 Milestones/1 • Continue to build the team • Secure premises o Initial offices o Lab & R&D space o Manufacturing space • Meet with governments • Validate purity, rate of production, energy consumed, Opex • Set price (Capex) • Identify first 3 partners • Complete building and launch first 3 syste
Slide 14: 2022 Milestones/2
2022 Milestones/2 • File for non-provisional patent • Begin accepting pre-orders • Start next batch manufacturing • Prepare for serial (assembly line) manufacturing • R&D • NOx in agriculture • Internal combustion engines • Identify and acquire new IP • Analyst coverage TSXV: NHHH • OTCQB: NHHHF
Slide 15: Readiness
Readiness • Objective • Demonstrate and test system in Canadian climate • Target date • Late summer to be “farm- ready” • Status of System #1 • Hydrogen system complete and passed FAT • Nitrogen system is 75% complete • Ammonia synthesis system is 60% complete TSXV: NHHH • OTCQB: NHHHF
Slide 16: Farmer's Interface
Farmer’s Interface • Site training, but minimal work for farmers • System allows for remote, predictive maintenance • 145 remotely monitored points • Onsite maintenance needed 1/year • Life cycle of several decades, with periodic upgrades • Modular design makes component upgrades easy TSXV: NHHH • O
Slide 17: Costing Model – Operating Costs
Costing Model – Operating Costs
Slide 18: Very Large Row Crop – Market Segment
Very Large Row Crop – Market Segment • Very Large Professional Farmers • Demand for 100 metric tons of NH3 • Access to cost effective green electricity • Anhydrous ammonia infrastructure TSXV: NHHH • OTCQB: NHHHF
Slide 19: Demonstrated ability to adopt technology
Demonstrated ability to adopt technology • Precision Agriculture Practices • Limit application of inputs • Optimize returns on inputs • Preserve resources • Precision Agriculture Technologies • GPS guidance systems • GPS yield maps and soil monitoring • Variable-rate application TSXV: NHHH • OTCQB:
Slide 20: Carbon Credits
Carbon Credits • Carbon credits will fund future growth and offset price of systems for customers • Every tonne of grey ammonia produced in Canada causes 1.81 metric tonnes of greenhouse gas emissions • 2.87 metric tonnes on average globally • $50/tonne, increasing by $15/tonne annually until $170/t
Slide 21: Carbon Credit Value
Carbon Credit Value • Carbon credit value in Canada, per FuelPositive 100-tonne/year system • $9,050 in 2022 • $11,765 in 2023 • $30,770 in 2030 • Value from 100 systems (2024) • $1,448,000 • Value from 1,000 systems (2025) • $17,195,000 TSXV: NHHH • OTCQB: NHHHF
Slide 22: Share Metrics
Share Metrics Capital structure TSXV: NHHH • OTCQB: NHHHF Share Price C$0.16 52-Week Price Range C$0.11-C$0.38 Market Cap C$53.222 M Shares Outstanding (Basic) 335,530,446 Warrants 57,566,341 Other Obligations to Issue Common Shares 15,000,000 Options 21,112,500 Fully Diluted Shares 429,209,287 Mana
Slide 23: In Summary
In Summary • 2021 milestones met • On track to meet 2022 milestones, which will get our first systems into the field • Financially solid • Protecting/expanding our patents TSXV: NHHH • OTCQB: NHHHF 23
Slide 24: Your Questions
Your Questions Mr. Ian Clifford Chief Executive Officer investors@fuelpositive.com www.fuelpositive.com Investor Relations RBMG – RB Milestone Group LLC Trevor Brucato, Managing Director fuelpositive@rbmilestone.com www.rbmilestone.com TSXV: NHHH • OTCQB: NHHHF 24