Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (May 2024)
22 slides from Provaris Energy's investor presentation, May 21, 2024
Slide 1: Establishing low-cost hydrogen supply chains to Europe
Compressed Hydrogen For personal use only Establishing low-cost hydrogen supply chains to Europe May 2024 www.provaris.energy | ASX.PV1
Slide 2: 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: Provaris is developing compressed hydrogen supply chains
Provaris is developing using the simplicity and efficiency of compression to For personal use only Australian-listed company focusing on the production, storage and shipping of hydrogen, with a European office in Oslo, Norway. Established collaborations with technical and commercial partners to impl
Slide 4: Proprietary storage and shipping solutions across the supply chain
to ship H2 and addresses the scarcity of gaseous H2 supply Production of Hydrogen Proprietary Storage & Shipping Solutions For personal use only Provaris’ unique business model operates across the supply chain… Green Hydrogen Production Compression, Storage and Marine Transport Distribution End-user
Slide 5: Simplicity and efficiency of compression lowers delivered cost of hydrogen
Simplicity and conversion Conversion of H2 into a carrier for export (KWh/Kg H2 – energy used) efficiency of compression 12 11 demonstrates a lower 10 9 8 For personal use only delivered cost of hydrogen 6 4 2 1.5 > It’s not all about the energy density! 0 Liquefaction Ammonia Compression > Maintain
Slide 6: Net-zero commitments position hydrogen as essential pillar
Increasing number of countries committed to a net-zero policy positions hydrogen as essential pillar to reach the targets Unprecedented support through policy and funding to scale infrastructure for production, storage and transport For personal use only Global hydrogen demand in the Net Zero Scenar
Slide 7: Germany's energy security requires imported hydrogen
Germany’s requirement for energy security with a transition to green fuels requires dependency on imported hydrogen EU’s largest power market (625TWh or 200GW) committed to phase out coal; banned uranium: and reliant on LNG For personal use only Germany’s 2030 hydrogen ambition (in TWh) Provaris foc
Slide 8: Europe's policy framework and increasing funding for hydrogen
Europe has established policy framework with increasing funding to support large-scale deployment of hydrogen to meet 2030 targets 2024 continues to see the introduction of both EU and country specific incentive schemes for both supply and offtake > 2019: EU Green Deal launched – package of policy o
Slide 9: Integrated development model across hydrogen production, shipping and storage
Establishing a across hydrogen production, shipping and storage Integrated development model provides multiple pathways to commercialise our IP and diversity of revenue For personal use only Hydrogen Production of Proprietary Ports & Production for industrial Shipping Solutions Distribution Export s
Slide 10: Progress on H2 supply chains across supply, shipping, ports and offtake
Making substantial progress on H2 supply chains for Europe across supply, shipping, ports and offtake Provaris’ focus in Europe being validated through Collaborations and MOUs for commercialisation SUPPLY For personal use only 270 MW, 42ktpa H2 > Joint development with Norwegian Hydrogen for H2 supp
Slide 11: Proprietary ship design and IP for bulk-scale gaseous hydrogen carrier
Proprietary ship design and Application of existing technology IP for world first bulk-scale provides flexible and low capex jetty solutions gaseous hydrogen carrier For personal use only H2Neo Hydrogen Carrier (450 t) Final Class Approvals 2024 Shipowners to finance and operate the fleet Extension
Slide 12: Collaboration for large-scale export of green hydrogen from the Nordics
Collaboration for large-scale For personal use only export of green hydrogen from the Nordics to the EU Track of developing hydrogen facilities across the Nordics (incl. Norway and Denmark) Collaboration projects include equity in supply projects www.nh2.no 12
Slide 13: Collaborating with Global Energy Storage at Port of Rotterdam
Collaborating with Global For personal use only Energy Storage for a compressed hydrogen import facility at Port of Rotterdam > Largest energy terminal in the world > Site adjacent to HyNetwork H2 pipeline under construction along with road, rail and barge for distribution within port > GES own and
Slide 14: World first bulk-scale hydrogen carrier pending final approvals
World first bulk-scale hydrogen carrier pending final approvals mid-2024 Unique Proprietary tank design ‘unlocks’ significant market opportunity for low-cost storage and bulk-scale shipping 2021 2022 2024 2025 2027/28 For personal use only AiP received FEED Design Final Class Approvals (Approval in
Slide 15: Large addressable market for industrial hydrogen storage solutions
Large addressable market for industrial hydrogen storage solutions seeking alternatives to high-cost composite solutions Demonstrated approvals and efficient production cell facility in Norway to accelerate revenue business in 2024 Large addressable market focused compression Maximise the volume of
Slide 16: Advanced development program positions Provaris as a 2024 investment story
Advanced development program positions Provaris as a 2024 investment story Multiple catalysts providing long-term value creation from H2 supply projects and early-stage revenue from industrial tanks production and sales For personal use only Key milestones for 2024… Creating shareholder value… Mid-2
Slide 17: Investment Highlights
Investment Highlights Leveraged to European policy actions mandating the use of hydrogen supported by funding 1 incentives for technology, producers, importers and industrial users For personal use only 2 Unique IP and innovation using compression creates first mover advantage and most economical re
Slide 18: Corporate Overview
Corporate Overview Capital Structure 12mth Share Price Performance Ordinary Shares on Issue (PV1.ASX; WS90.BE) 597 M For personal use only Market Capitalisation (at 4.5c) A$ 27 M Cash (31 March 2024) A$ 1.7 M Convertible Bonds (Macquarie Bank) 1 A$500,000 Performance Rights 2 24.0 M Unlisted Options
Slide 19: Board & Management
Board & Management Global experience in energy 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 Business
Slide 20: Contacts
Contacts For personal use only Martin Carolan Media & PR Enquiries Managing Director & CEO Melanie Singh mcarolan@provaris.energy NWR Communications +61 439 748 819 Norm Marshall melanie@nwrcommunications.com.au Company Secretary nmarshall@provaris.energy www.provaris.energy ASX.PV1 @ProvarisEnergy
Slide 21: Cost of delivered hydrogen driven by production volume and distance
Cost of delivered hydrogen is driven by production volume and distance as opposed to a fixed transport cost For personal use only Illustrative Compressed H2 Marine Transportation Tariff (Compression, Loading, Shipping, Scavenging) Long Cases Mid Cases Short Cases 4.00 H2 Transportation Tariff (Euro/
Slide 22: www.provaris.energy
For personal use only www.provaris.energy