Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (March 2025)
24 slides from Provaris Energy's investor presentation, Mar 25, 2025
Slide 1: Provaris Energy: Enabling bulk-scale storage and transport infrastructure
www.provaris.energy ASX:PV1 For personal use only Provaris Energy Enabling bulk-scale storage and transport infrastructure for the energy transition March 2025 Fiskå, Norway Simplicity | Efficiency | Flexibility
Slide 2: Provaris offers innovative storage and transport infrastructure
Provaris offers innovative storage and transport infrastructure essential to Australian public company (ASX.PV1) with offices in Sydney & Oslo. Strategic focus on European regional market where energy security and decarbonisation rely on the development of new efficient and cost-effective storage fo
Slide 3: Early, scalable projects will catalyse the energy transition
that early, scalable projects, not giga-scale will catalyse the Energy Transition Hydrogen remains critical to all decarbonization goals and timelines…with a focus on cost and scale 2024 categorized as a reset for global hydrogen scale-up Europe starts 2025 with a demonstration of real progress For
Slide 4: Compressed hydrogen: flexible and stable supply for buyers
, flexible and stable supply for buyers No conversion, reduced infrastructure and faster, scalable exports • Provaris has outlined the necessary compression, loading, and shipping infrastructure for large-scale regional hydrogen supply. For personal use only • Collaborating with industrial partners
Slide 5: Compression as a viable option for security of hydrogen supply
as a viable option for security of hydrogen supply “Ready to use” hydrogen has key advantage to meet key drivers for demand For personal use only Use less renewable energy to deliver more Compression of Hydrogen is proven hydrogen technology Compression = 3% energy loss; vs Ammonia = +30% energy (Eq
Slide 6: H2Neo carrier design and automated fabrication
, focused on cost efficient fabrication and supports modular infrastructure development Advanced design and approvals for hydrogen carrier gaining industry acceptance with European partners For personal use only H2Neo Compressed Hydrogen Carrier targeting final approvals 2025 Automated fabrication u
Slide 7: Regional supply model delivers more hydrogen
Delivered Hydrogen Volumes 540 MW Nordic Project Regional supply model delivers 100,000 (tpa) Energy Used Compression in 90,000 Energy Used in Ammonia 80,000 50% more +30% Synthesis 87,600 Hydrogen energy 70,000 loss Hydrogen Lost in Sale Volume Ammonia Cracking For personal use only 60,000 Delivere
Slide 8: Europe needs low-carbon hydrogen
Europe needs - Today <1% is low-carbon – so why does that matter ? Hydrogen molecules — not carriers — is Europe’s starting point. Provaris’ compressed gas solution delivers the fastest, lowest cost route to closing this gap. For personal use only ~99% grey Germany Policy tailwinds with an easing of
Slide 9: Supply chains from the Nordics to Europe
chains • Nordics offer stable renewable grid, cheaper electricity and certified green H2 (RFNBO) from the Nordics to Europe • Norway’s grid supply 98% renewable sources • Green hydrogen supply ~EUR 4-5/kg * In collaboration with industrial supply and offtake partners For personal use only > Provaris
Slide 10: Term sheet with Uniper and Norwegian Hydrogen
and Norwegian Hydrogen 42,500 tpa RFNBO-compliant hydrogen – Supply, Shipping & Offtake Framework Agreed For personal use only FjordH2 Export Project (Ålesund, Norway) Hydrogen Supply Storage & Transport Hydrogen Offtake Norway • Norwegian Hydrogen responsible • Provaris to provide H2 barge & • Unip
Slide 11: Capital-lite model enables early recurring revenue
enables early recurring revenue without large-scale capex Upfront license fees + equity share in fleet, without owning ships For personal use only 5% on Capex for H2Neo carrier & H2Leo barge Illustrative Returns:^ License and Origination Fee for our proprietary ship and tank design Income per supply
Slide 12: Provaris and Yinson liquid CO2 tank collaboration
Provaris and Yinson and transport New tank designs in LCO2 transport at low pressure and temperature to maximise storage and efficiency to reduce storage and transport costs For personal use only Leveraging Provaris IP to fast-track CO2 tank design Rising Demand for LCO2 Carriers to 20501 > Yinson P
Slide 13: Multiple catalysts targeted for first-half 2025
Provaris can be first to market for hydrogen, with a model that is clear and scalable, and growth from CO2 program Multiple catalysts targeted for first-half 2025 For personal use only Tri-party Term Sheet for Hydrogen SPA January 2025 Equipment Site Lease executed, and Collaboration Binding Hydroge
Slide 14: Contacts
For personal use only Contacts Martin Carolan www.provaris.energy Managing Director & CEO mcarolan@provaris.energy ASX.PV1 @ProvarisEnergy Norm Marshall Provaris Energy Ltd. Company Secretary Sydney & Oslo nmarshall@provaris.energy info@provaris.energy
Slide 15: Appendices
For personal use only Appendices www.provaris.energy
Slide 16: Board & Management
Board & Management Effective team with experience in energy and gas 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
Slide 17: Corporate Overview – Provaris Energy Ltd
Corporate Overview – Provaris Energy Ltd Australian public company, listed on the Australian Stock Exchange (PV1) Capital Structure Shareholding (Undiluted) For personal use only Ordinary Shares on Issue (PV1.ASX; WS90.BE) 693 M Regal Funds Management 5.7% Market Capitalisation (at 1.2c) A$ 8 M OC F
Slide 18: Industry analysis reinforces the cost advantage of compression
Industry analysis for reinforce the cost advantage of compression Provaris’ studies demonstrated leadership in our understanding of the ‘real’ costs of delivered hydrogen For personal use only Nordic Grid Supply of Hydrogen to Germany Cost of green hydrogen cracked from imported ammonia in 2028 vers
Slide 19: Europe continues to prioritise hydrogen for the energy transition
Europe continues to prioritise hydrogen for the energy transition with Europe continues to establish policy and funding initiatives to stimulate supply and demand Europe is the largest market for binding offtake For personal use only > Policy and legislation mandating decarbonization of hard-to-abat
Slide 20: European infrastructure advancing to receive imports by end of 2028
European infrastructure advancing to receive imports end of 2028 Provaris is in dialogue with ports, terminal operators and “TSOs” in Germany and the Netherlands to qualify an integrated network by 2030 to support imports to industrial hubs. Collaboration with GES for Rotterdam import terminal. For
Slide 21: Provaris and GES partner on Rotterdam hydrogen import facility
Provaris and GES partner in developing a bulk-scale hydrogen import facility within Rotterdam’s For personal use only global energy hub > Supported by Bluewater Energy and White Deer Energy, leaders in new energy storage operating four storage assets > Strategically located in the world’s largest en
Slide 22: Emissions intensity for compressed H2 supply chain
for Compressed H2 supply chain Compressed hydrogen supply comfortably below the stringent requirements set forth by the EU's RED II and RFNBO, based on 1,600 Nm round trip, Norway to Germany For personal use only Required carbon intensity for EU REDII 28.2 g compliance CO2e/ MJ H2 > Supporting analy
Slide 23: Automated robotic laser welding for low-cost storage tanks
Choice of automated robotic laser welding to ‘crack the code’ on low- cost storage tanks through industrial scale production Use of proven laser-hybrid welding procedures and materials approved for use by DNV for marine and industrial applications For personal use only Increased productivity (~20x v
Slide 24: Contacts
For personal use only Contacts Martin Carolan www.provaris.energy Managing Director & CEO mcarolan@provaris.energy ASX.PV1 @ProvarisEnergy Norm Marshall Provaris Energy Ltd. Company Secretary Sydney & Oslo nmarshall@provaris.energy info@provaris.energy