Lion Energy Limited · ASX:LIO
Lion Energy — Investor Presentation (November 2022)
22 slides from Lion Energy's investor presentation, Nov 16, 2022
Slide 1: Investor Presentation: Green Hydrogen Update
For personal use only Investor Presentation: Green Hydrogen Update
Slide 2: Lion's hydrogen vision
Lion’s hydrogen vision For personal use only To become a leading independent producer and distributor of green hydrogen in Australia for the domestic mobility market
Slide 3: Lion Energy
Lion Energy For personal use only Lion Energy Limited (“Lion”) is an ASX-listed energy company transitioning to be a first mover in green hydrogen in Australia Lion currently generates revenue in oil and gas, but is rapidly building hydrogen capability Lion has established a best-in-class hydrogen t
Slide 4: Green Hydrogen - Investment highlights
Green Hydrogen - Investment highlights For personal use only 1 Attractive market potential 2 Early mover with project under execution 3 Focused and realistic strategy 4 Strong alignment with government policy and community needs 5 Experienced project team 6 Strong corporate governance
Slide 5: Lion's hydrogen strategy
Lion’s hydrogen strategy For personal use only • Solution provider for Australia’s zero-emission targets commencing 2025 Positioning • Production, storage and dispensing of green hydrogen • Focused/realistic strategy – taking power from the grid initially • Back-to-base heavy mobility (buses then tr
Slide 6: Project management team
Project management team Tom Soulsby Damien Servant For personal use only 30years 20years Executive Chairman Executive Director Accounting Oil & Gas Investments Leadership Finance Oil & Gas Commodities M&A Alistair Wardrope 16years Andrew Lelliot 15years Technical Director Project Director Mech Eng R
Slide 7: Progress to date
Progress to date For personal use only 2023 Q4 Q3 2022 Q2 2022 Q2 2022 Q4 2022 Q4 2021 Q2 2021 2021 MARKET FRONT END GREEN H2 STUDY BUSINESS MODEL CAPITAL RAISING VENDOR SELECTION LOCATION ASSESSMENT & ENGINEERING FIRST REFUELLER AND VISION SELECTION GEOGRAPHIC FOCUS DESIGN GPA Study GPA Study Raise
Slide 8: Green hydrogen value chain (mobility sector)
Green hydrogen value chain (mobility sector) For personal use only Hydrogen truck fleet operators Water Hydrogen bus fleets Electrolysis/compression Transport/storage Dispensing operators Grid Renewable electricity Trains, planes, ships Equipment manufacturers H2 vehicle manufacturers
Slide 9: Strategic objectives
Strategic objectives For personal use only First 20 dispensing production by locations by YE2023 YE2026 A$12m capex Hydrogen per 500kg/day price at parity units with diesel
Slide 10: Roadmap (simpler option 1)
Roadmap (simpler option 1) For personal use only • Establish replicable • Execute off-take contracts • Replicate for an additional 30 commercial business model with broader customer group locations • Build, market and execute • Signing EPC contract for 20 • Begin “merchant” roll-out (i.e. first loca
Slide 11: Execution philosophy
Execution philosophy Locations For personal use only On or close to depot refuelling to Logistics ensure proximity with customers Hub & spoke model to optimize distribution and flexible deployment Technology Proven, safe and reliable electrolysis, compression Energy and storage technologies Initiall
Slide 12: Target market: Hydrogen buses – the early adopters
Target market : Hydrogen buses – the early adopters For personal use only Manufacturing Predictable availability and routes and back to track record in base other markets City Buses Government policy Aust Road settings for Zero Research Board Emission Conclusions commence 2025 Commissioned by Lion E
Slide 13: Target market: Hydrogen trucks – larger prize but later adoption
Target market: Hydrogen trucks – larger prize but later adoption For personal use only Hurdles Potential Technology Companies Government Still early stages Brands are not yet Not supporting EFFICIENT of development fully embracing the transition yet with clear Zero No economies of Not commercially E
Slide 14: Leading zero-emission charge led by State Governments
Leading zero-emission charge led by State Governments Regulatory-driven demand For personal use only Hydrogen refueling stations We estimate at least 50 x 500kg/day refuelling stations required by 2030 to meet ZEB demand Low hanging fruit Bus Segment Regulatory impetus Vehicle availability Best fit
Slide 15: Regulatory momentum
Regulatory momentum For personal use only § Transport for NSW (TfNSW) plans to see its 4,100 Sydney buses fully transitioned by 2035 § Queensland Government committed that every new urban bus added to the fleet in South-East Queensland will be zero-emissions by 2025, followed by state-wide mandate b
Slide 16: ARRB study confirms role of H2 buses for Australia's roll-out
ARRB study confirms role of H2 buses for Australia’s roll-out of zero-emission buses For personal use only Issues for Battery Electric Buses • limited depot space for charging infrastructure • High infrastructure investments (chargers, energy storage complement and electricity connection/substation
Slide 17: ARRB study confirms role of H2 buses for Australia's roll-out
ARRB study confirms role of H2 buses for Australia’s roll-out of zero-emission buses For personal use only complement Hydrogen Battery buses electric buses Need to support Regulations Businesses
Slide 18: Hub and Spoke Model
Hub and Spoke Model Spokes For personal use only Hub
Slide 19: First production and refuelling station: FEED completed
First production and refuelling station : FEED completed For personal use only Total cost for integrated hub & spoke ~ AUD 12 Mn Hazop & Risk 10% Facility Location & Sizing 21% Operation and 69% personnel Layout & equipment Project Management Construct ion Equipment spacing
Slide 20: Fast replication to multiple locations
Fast replication to multiple locations For personal use only Aim to operate a series of Queensland production hubs and up to Bus Depots 411 50 refuelling stations in Australia, with a focus on the untapped East Coast Brisbane market. Bus Depots 72 There are currently no New South Wales hydrogen refu
Slide 21: Location optimization tool
Location optimization tool For personal use only Water Electricity Renewables Ports Heavy Vehicle Routes Bus Depot & Routes
Slide 22: Investment summary
Investment summary For personal use only Early mover Attractive Strong with project market corporate under potential governance execution Strong Focused and alignment with Experienced realistic govt policy and project team strategy community needs