Earths Energy Ltd · ASX:EE1
Earths Energy — Investor Presentation (August 2024)
18 slides from Earths Energy's investor presentation, Aug 1, 2024
Slide 1: Australian Geothermal Is Back
AUSTRALIAN For personal use only GEOTHERMAL IS BACK AUSTRALIA’S MOST ADVANCED GEOTHERMAL PROJECTS ASX: EE1 | August 2024 1
Slide 2: Investment Highlights
Investment Highlights For personal use only RIGHT TIME RIGHT PROJECTS RIGHT PLACE RIGHT PEOPLE GEOTHERMAL EE1 HOLDS THE DIRECT GRID WORLD CLASS ENERGY PROVIDES MOST ADVANCED ACCESS TO 83% OF PARTNERS GREEN 24/7 GEOTHERMAL AUSTRALIA’S EXPERIENCED IN BASELOAD POWER PROJECTS IN POWER DEMAND DELIVERING
Slide 3: Why Australian Geothermal is Back
Why Australian Geothermal is Back Urgent demand, refined engineering, and lower risk development URGENT DEMAND DUE TO ENERGY TRANSITION “Recent breakthroughs in geothermal technology • Australia is falling behind its energy transition target of 82% renewable by 2030, have the potential to significan
Slide 4: What is Geothermal Energy?
What is Geothermal Energy? Well-know renewable energy source in use for over 100 years GEOTHERMAL – HARNESSING THE EARTH’S ENERGY • Geothermal energy is the naturally emanating heat contained within the earth • It can be extracted for uses including heating, drying and electricity generation For per
Slide 5: EE1 Investment Thesis
EE1 Investment Thesis A unique geothermal portfolio in Australia at the right time RIGHT TIME - GREEN BASELOAD POWER PRODUCED RELIABLY 24/7 • Australia needs more renewable power to meet its 2030 target of 82% (currently < 40%) • Geothermal is the most reliable renewable power source For personal us
Slide 6: Geothermal Market Consistent Growth since the 1970s
Geothermal Market Consistent Growth since the 1970s Reliable existing market with huge potential for growth Installed Capacity MWe1 18000 16000 DRIVERS OF GEOTHERMAL GROWTH AND INVESTMENT 14000 12000 • The green energy transition and global green electrification of industry as the world For personal
Slide 7: Board, Management and Capital Structure
Board, Management and Capital Structure High caliber team, tight capital structure, set for growth BOARD AND MANAGEMENT For personal use only GRANT DAVEY JOSH PUCKRIDGE CHRIS BATH DAVID WHEELER Executive Chairman Chief Executive Officer Finance Director Non-Executive Director Entrepreneur with 30 ye
Slide 8: Geothermal Comparators
Geothermal Comparators Significant valuation upside compared to previous Australian cycle and current US developers Fervo and Eavor represent the current • EE1 is currently priced at an extreme discount to valuation historically achieved by its projects. investment and demand into EGS and AGS 900 de
Slide 9: Why EE1 is Australia's Most Advanced
Why EE1 is Australia’s Most Advanced Drilled and tested with significant heat and access to the grid Paralana Project Highlights • Drilled to 4,012m depth with a reservoir temperature of 190°C For personal use only • Heat gradients as high as 80°C per km of depth in initial shallow areas • Heat grad
Slide 10: EE1's projects have world class power potential
EE1’s projects have world class power potential Utility scale power density similar to US operating projects KEY OBSERVATIONS Potential Peer Groups based on Power Density & Tectonic For personal use only Setting • EE1’s project areas have substantial End of Fault development potential Based Setting
Slide 11: EE1 is On Grid to 83% of Australia
EE1 is On Grid to 83% of Australia 83% of Australia’s electricity demand from site Connection to 83% of Australia’s power demand For personal use only • EE1’s Flinders West project has multiple 132kV power lines along its entire strike, as well as multiple network connection points • The South Austr
Slide 12: Paralana Project Snapshot
Paralana Project Snapshot The most developed EGS project in Australia with proximity to demand GEOTHERMAL POWER PRODUCTION • Extensive geothermal exploration and appraisal work noting sedimentary basin locally up to 5km thick GEL 696 For personal use only (Arrowie) • Proposed area for Enhanced Geoth
Slide 13: Flinders West Corridor Snapshot
Flinders West Corridor Snapshot Vast strike length, power grid access points on tenure GEOTHERMAL POWER PRODUCTION • Up to 2km sedimentary cover overlying fractured crystalline basement For personal use only • High confidence and coverage of exploration data using mining and petroleum datasets • Exp
Slide 14: Cape Station Project – an analogue?
Cape Station Project – an analogue? 400MW from hot, dry rocks under construction Comparison – Flinders West and Fervo projects Item Fervo Flinders West A substantial project in development Fervo has developed the Blue Mountain pilot project in Nevada, Heat gradient 50oC per km 43oC per km For person
Slide 15: World Class Technical Partners
World Class Technical Partners EE1 is capable of world class development potential via its global partners For personal use only Baker Hughes GLJ JRG • Global energy leader in • Global leader in geothermal • Global team of expert technology and engineering that development and project geoscientists
Slide 16: Next Steps
Next Steps Commercialising the vast opportunities KEY COMPANY DEVELOPMENTS TO LOOK FOR: Paralana Project • SOUTH AUSTRALIAN MARKET APPRAISAL Modelling work to support a new generation EGS projects at Paralana For personal use only • • Establishment of potential $ per MWh sale price • Refine Paralana
Slide 17: For more information contact
For personal use only For more information contact: Josh Puckridge Chief Executive Officer www.ee1.com.au Australian Geothermal P +61 (8) 9200 3425 Commercial green on grid baseload power E jrp@ee1.com.au 17
Slide 18: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT For personal use only Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward- looking information, including risks