Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Shareholder Meeting (November 2025)
54 slides from Parkway Corporate's shareholder meeting presentation, Nov 26, 2025
Slide 1: 2025 Annual General Meeting Group Managing Director & CEO Presentation
ASX Announcement 26 November 2025 2025 ANNUAL GENERAL MEETING GROUP MANAGING DIRECTOR & CEO PRESENTATION MELBOURNE, Australia – Parkway Corporate Limited (“Parkway” or the “Company”) (ASX: PWN, FSE: 4IP) is pleased to provide the attached presentation (“Presentation”) to be delivered by Parkway Grou
Slide 2: Additional Information
The release of this announcement has been approved by Parkway’s Group Managing Director & CEO, Bahay Ozcakmak, on behalf of the Board of Directors of the Company. ADDITIONAL INFORMATION For further information or investor enquiries, please contact: Bahay Ozcakmak General Enquiries Group Managing Dir
Slide 3: Parkway Investor Hub
PARKWAY INVESTOR HUB To stay up to date with the latest news, access additional investor related resources including research reports and interact with Parkway by posting questions and feedback through a Q&A function, we encourage investors to sign- up to the Parkway Investor Hub. How to sign-up to
Slide 4: Delivering the next stage of growth
Delivering the next stage of growth. Building a leading industrial water treatment technology company. 2025 AGM – MD PRESENTATION 26 November 2025 Bahay Ozcakmak ASX: PWN | pwnps.com Group Managing Director & CEO
Slide 5: Disclaimer
Disclaimer Forward-Looking Statements Completeness and Accuracy of Information This presentation may contain forward-looking statements. The No representation or warranty is made as to the accuracy, completeness or correctness words “continue”, “expect”, “forecast”, “potential” and other of the info
Slide 6: Delivering the next stage of growth
Delivering the next stage of growth. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 3
Slide 7: Outline
Outline Topics § Our Mission 05 § Investment Proposition 08 § Corporate Growth Arc 09 § CY2025 Key Highlights 14 § QLD CSG Brine Opportunity 18 § QBMC Project 28 § Corporate Details 38 § Delivering Industrial Solutions 41 Additional information available at the Parkway Investor Hub: https://investor
Slide 8: Our Mission
Our Mission “Building a leading industrial water treatment technology company. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 5
Slide 9: Introducing transformational QBMC project
Introducing transformational QBMC project. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 6
Slide 10: QBS Brine Management Complex (QBMC)
QBS Brine Management Complex (QBMC) Fresh Flagship Parkway-Tech Development Project Waste QBMC water brine & QBS Brine § Parkway has developed the only viable pathway in Australia, to salts Management Green Complex chemicals process CSG derived waste brine into valuable industrial chemicals. Stag e
Slide 11: Investment Proposition
Investment Proposition Mission Driven § Pursuing our mission to build a leading industrial water treatment technology company. § Successfully built strategic growth platform to deliver transformational (tech) projects, starting with QBMC project. 1 Profitable Operating Business 2 Proprietary Industr
Slide 12: Corporate Growth Arc
Corporate Growth Arc “We remain focused on strategic value creation through our technology. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 9
Slide 13: Strategic Value Creation – Through Technology
Strategic Value Creation – Through Technology Strategic Insight Value Creation Through Technology § We understand how process technologies create value. § Industrial process technologies are a key source of sustained competitive advantage (power). Target Applications § Technology adoption in and of
Slide 14: Our Growth Arc
Our Growth Arc History Key Foundations Transformational Growth 2011 - 2019 2019 - 2025 2025 - 2029 Fertiliser mineral Focused on building a leading industrial water Delivering the next stage exploration company treatment technology company of strategic growth Back Then Delivered Strategic Growth Tod
Slide 15: Strategic Corporate Journey
Strategic Corporate Journey Corporate Milestones In recent years, Parkway has successfully built a sophisticated water treatment infrastructure delivery capability by systematically; i) building inhouse teams, ii) establishing operating business, iii) acquiring project delivery capabilities, and iv)
Slide 16: Technology – Underpins Value Creation
Technology – Underpins Value Creation Methodically Executing Commercialisation Strategy § PPT is focused on large projects with recurring revenues underpinning strong earnings. § PPS provides PPT with an important project execution capability, as PPS has: Parkway Process Technologies (PPT) § Proven
Slide 17: CY2025 – Key Highlights
CY2025 – Key Highlights “Another year of successful execution and transformational growth. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 14
Slide 18: CY2025 – Key Highlights
CY2025 – Key Highlights Industrial Operations Division § Awarded $12.85m (now ~$16m) SMP contract by major engineering contractor. § Renewed several major panel contracts, including recently with South East Water. § Successfully delivered multiple water treatment and infrastructure related projects.
Slide 19: Group Financial Performance
Group Financial Performance Transition to Profitability § Growing group operating revenues are underpinning the transition to sustained profitability, resulting in maiden net profit in FY25. $18 Millions $16 $15.14 FY26(F) $14 Group Revenue Strong YoY $12 revenue growth anticipated $10 $8.90 Targeti
Slide 20: Delivering Next Stage of Growth
Delivering Next Stage of Growth Strategic Growth Platform § Continue to focus on building strategic growth platform to support development of flagship QBMC project. 1 Profitable Operating Business 2 Proprietary Industrial Tech Portfolio 3 Professional and Experienced Team Key Priorities Key Prioriti
Slide 21: Queensland CSG Brine Opportunity
Queensland CSG Brine Opportunity “Developed the only viable pathway to process CSG brine into chemicals. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 18
Slide 22: Queensland (QLD) CSG Industry – Overview
Queensland (QLD) CSG Industry – Overview Heading § tba Downstream Operations QBMC Upstream Operations Overview Downstream Operations § Extensive upstream operations supply coal seam gas (CSG), which is § During the early 2010’s, >$80 billion invested in piped to 3 liquefied natural gas (LNG) plants
Slide 23: QLD CSG Industry – Outlook (Brine Production)
QLD CSG Industry – Outlook (Brine Production) Background Queensland Gas – Key Themes § Gas is increasingly required for firming intermittent renewables. Increasing Gas Demand § The east coast gas outlook (shortages) are highly problematic. driving need for Outlook More Gas Production § Dramatically
Slide 24: QLD CSG Industry – Community Concerns
QLD CSG Industry – Community Concerns CSG Industry Social License § Despite demand for gas, expansion of the Queensland CSG industry is facing a range of complex social license related challenges. QBS photo of Cunningham St, Dalby in May 2025. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRES
Slide 25: QLD CSG Industry – Brine Challenges
QLD CSG Industry – Brine Challenges Waste Brine Challenges CSG Brine – An Enduring Problem § Upstream CSG production in Queensland produces significant § Despite significant investment (>$100 m) by the CSG industry volumes (55,000,000,000 litres) of brackish (salt containing) over many years, suppor
Slide 26: QLD CSG Industry – Community Concerns (Brine)
QLD CSG Industry – Community Concerns (Brine) Recent AEP Publication § Published on 22 May 2025 by CSIRO on behalf of Australian Energy Producers (AEP). § Article highlights “… studies have shown that landfill options for waste management are often poorly understood and not well accepted by local co
Slide 27: QLD CSG Industry – Parkway Timeline
QLD CSG Industry – Parkway Timeline CSG Industry Milestones APPEA released landmark Queensland Government Queensland Commencement of First CSG derived LNG report: Queensland gas: released the: Coal Seam Government released: domestic CSG production cargo exported from end-to-end water use, Gas Brine
Slide 28: QLD CSG Industry – Parkway Solution
QLD CSG Industry – Parkway Solution Regulatory Context Master Plan § The Coal Seam Gas Management Policy 2012, outlines a § On 22 June 2023 Parkway released the QBS Master Plan, prioritisation hierarchy for managing saline waste, where the outlining an innovative technology-based approach to first p
Slide 29: CSG Brine Treatment – Comparative Analysis
CSG Brine Treatment – Comparative Analysis Alternate (SSR) Salt Encapsulation (SEF) Proprietary (QBS-QBMC) Salt Recovery Processes Approaches Processing Route Range of historical “selective salt Involves crystallising brine into mixed Highly innovative proprietary flowsheet recovery (SSR)” approache
Slide 30: Building Queensland Brine Solutions – QBS
Building Queensland Brine Solutions – QBS Overview § To support the objectives of QBS Master Plan, in 2023 Parkway incorporated Queensland Brine Solutions (QBS) to specifically lead the implementation of an integrated brine management solution for the Queensland CSG industry. QBS Core Mission Fresh
Slide 31: QBMC Project
QBMC Project “On the cusp of delivering transformational strategic growth opportunity. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 28
Slide 32: QBMC – Project Overview
QBMC – Project Overview Overview Fresh Waste QBMC water § The QBS Brine Management Complex (QBMC) will utilise Parkway’s brine & QBS Brine proprietary brine processing technologies (flowsheet), to convert salts Management Green Complex chemicals Waste Brine à Green Chemicals. § Recover fresh water f
Slide 33: QBMC – Generalised Process Schematic
QBMC – Generalised Process Schematic Strategic Brine Processing Infrastructure § The highly integrated QBMC project is based on a waste-to-chemicals project configuration, intended to provide a transformational industry-wide solution for the Queensland CSG industry. § The only specialised brine proc
Slide 34: QBMC – Strategic Project Location
QBMC – Strategic Project Location Orana Gas Processing Facility Major regional substation infrastructure Kenya Chinchilla High-voltage power pipeline (scheme water) transmission lines, red Upstream 150km+ to north west QBMC Chinchilla Tara Rd Kogan Condamine Rd major N-S road, yellow major E-W road,
Slide 35: QBMC – Site & Infrastructure
QBMC – Site & Infrastructure QBMC Project Site – South East Boundary Marker Powerlink Substation – Immediate North East of QBMC Project CSG Well – Origin Energy Well to South East of QBMC Project APLNG Orana Gas Processing Facility – Immediate North of QBMC Project
Slide 36: QBMC – Indicative Roadmap
QBMC – Indicative Roadmap Overview Phased Development § The QBMC project will be developed sustainably to maximise § The QBMC is intended to be developed in 4 stages. benefits and long-term value creation for all stakeholders, § Immediate focus is on Stage 1 (with inbuilt Stage 0 option). including
Slide 37: QBMC – Investment Case
QBMC – Investment Case Overview Stage 1 – Indicative Financial Metrics* Stage 1 § Stage 1 is the first full-scale development stage. § Analysis based on Stage 1 development only. § At this scale, the indicative financial metrics are highly § Subsequent stages have improved metrics. attractive and wo
Slide 38: QBMC – Stage Funding Pathway
QBMC – Stage 1 Funding Pathway Indicative Strategy § Immediate focus is on planning and securing key development approvals to advance partnering discussions to unlock further value. § May seek to initially develop smaller (5 - 20% scale, Stage 0) CDP to support partnering and finance (FID) for Stage
Slide 39: QBMC – Engaging & Supportive Environment
QBMC – Engaging & Supportive Environment Queensland Government Support Comments from Cr Andrew Smith, Mayor of Western Downs § Encouraging support from various departments of the Regional Council: Queensland Government, recognising the strategic “The Western Downs is a region at the forefront of a c
Slide 40: Transformational project to improve the sustainability of the QLD CSG industry
“ Transformational project to improve the sustainability of the QLD CSG industry. Planned Road Access for QBMC Project Site – Kogan Condamine Road (facing West)
Slide 41: Corporate Details
Corporate Details “Experienced and capable team focused on achieving key corporate objectives. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 38
Slide 42: Capital Structure & Board
Capital Structure & Board Capital Structure Current Board of Directors Ordinary Shares (PWN) on issue 2,768,093,855 § Highly experienced board with significant 12-month Trading Range $0.009 - $0.016 domain expertise in industrial, energy, mining, waste and technology sectors. Market Capitalisation (
Slide 43: Key Takeaways
Key Takeaways “ Experienced Team § Strong strategic, M&A and tech experience. § Methodically executing corporate strategy. § Long-term strategic growth mindset. The QBMC project is Focused on Delivering Next Stage of Growth rapidly emerging as a § Continued focus on building growth platform to suppo
Slide 44: Delivering Industrial Solutions
Delivering Industrial Solutions “Methodically developed proprietary technology delivery platform. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 41
Slide 45: Problem – Impact of Industrial Operations
Problem – Impact of Industrial Operations MINING Unsustainable brine extraction “ creating community & environmental challenges. MINING Extensive wastewater generation, Globally significant including waste brines and acid & metalliferous drainage (AMD). wastewater challenges, ENERGY impact sustainab
Slide 46: Market – Key Addressable Wastewater Markets
Market – Key Addressable Wastewater Markets Key Markets Mining & Energy Industrial Wastewater Municipal & Desalination § Wastewater treatment opportunities § < 10% of wastewater currently recycled § Large and growing global markets § Limited access to freshwater is § Access to freshwater is becoming
Slide 47: Solution – Innovative Process Technologies
Solution – Innovative Process Technologies “ The Problem we are Solving § We are focused on industrial, mining & energy industries. § < 10% of industrial wastewater globally, is recycled. § We believe industrial process technologies are the answer. Innovative technologies Our Process Technologies §
Slide 48: Technology – Cracking the Process Code
Technology – Cracking the Process Code Cracking the Process Technology Code § Parkway is focused on developing industry-wide solutions (large markets) for some of the most difficult (complex and expensive) wastewater related problems facing extractive industries, such as the energy (oil & gas), and
Slide 49: Delivery – Go-to-Market Strategy
Delivery – Go-to-Market Strategy Platform of Integrated Water Treatment Related Capabilities Parkway – Delivering Integrated Solutions § Parkway has built a specialised platform to support the delivery of high value industrial water treatment related solutions. We’ve built a portfolio of high-qualit
Slide 50: Delivery – Industrial-Scale Projects
Delivery – Industrial-Scale Projects Overview § Since the acquisition of Tankweld Group in March 2024, Parkway is increasingly delivering large-scale industrial wastewater related infrastructure solutions. Project Profile 1: Wastewater Infrastructure (recently completed) § Installation of groundbrea
Slide 51: Delivery – Building Significant Market Traction
Delivery – Building Significant Market Traction Building Momentum Energy Clients: § Parkway has developed capabilities to successfully deliver a § Leading global energy companies. range of industrial solutions for tier-1 global companies. § Progressively built a high-quality and growing client base.
Slide 52: Definitions
Definitions § BAT best available technology § BESS battery energy storage system § BTM behind the meter § CDP commercial demonstration project § CSG coal seam gas § EPC engineering, procurement & construction § IRR internal rate of return § NPI non-process infrastructure § NPV net present value § QB
Slide 53: Closing message from the Group Managing Director & CEO
“During 2025 our business transitioned to profitability whilst we continued to advance our technology goals. Now that we have secured a site for our flagship QBMC project, we are now entering a transformational growth phase of Parkway. This is an exciting stage of our corporate journey. We thank you
Slide 54: Building a leading industrial water treatment technology company
Building a leading industrial water treatment technology company. Delivering the next stage of growth. Parkway Corporate Limited (ASX:PWN) | 2025 AGM - MD PRESENTATION | 26 November 2025 www. pwnps.com | 51
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