Provaris Energy Ltd · ASX:PV1
Provaris Energy — Non-Deal Roadshow (February 2023)
25 slides from Provaris Energy's roadshow presentation, Feb 23, 2023
Slide 1: Compressed Hydrogen: The missing link for economic regional supply
Compressed Hydrogen The missing link for economic regional supply 20-24 February 2023 | OSLO ROADSHOW w w w. pro va ris.energy
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation and these materials (together the “Presentation”) have been prepared by Provaris Energy Ltd ACN This Presentation, including opinions set out in it, is based on information compiled or prepared by Provaris from 109 213 470 (ASX:PV1) (“Provaris”) as a s
Slide 3: The pursuit of the original and universal energy
| The pursuit of the original and universal energy REPowerEU ambition of producing 10mtpa and importing 10mtpa by 2030 Renewable Energy Directive: The Delegated Act 1) the definition of what ‘renewable hydrogen’ is and clarifies the principle of “additionality” securing transition without pressure o
Slide 4: Hydrogen is a key pillar of the REPowerEU Plan
“Hydrogn is a key pillar of the REPowerEU Plan to get rid of Russian fossil fuel” - ‘early mover’ with compressed H2 EU continues to accelerate funding for H2 REPowerEU ambition of 10mtpa H2 production and supply Norway B 10mtpa H2 import by 2030 > The EU strategy on hydrogen (COM/2020/301) > Europe
Slide 5: Collaboration announced with Norwegian Hydrogen
Collaboration announced with Norwegian Hydrogen to jointly develop green hydrogen value chains in the Nordic region > Accelerate the development of export scale projects utilizing Provaris’ compressed H2 carriers and development expertise > Norwegian Hydrogen developing Norway’s largest H2 productio
Slide 6: Round to create the MilkHy
to create the MilkHy Round Funding for hydrogen hubs providing infrastructure to Arena H2 Custer coastal production hubs supported decarbonize Norway’s maritime sector and a platform for by ENOVA funding future export capacity Glomford Five (5) coastal H2 production hubs have received 669M NOK (~100
Slide 7: Reduced unit economics for compressed H2 marine transport
rewarded through reduction unit economics for compressed H2 marine transport Scale benefits on utilization across the compressed H2 supply chain can achieve sub-USD 1.00/kg transport costs from Norway 4.00 3.50 3.00 Illustration of LCOH analysis for compressed H2 Transport • H2Neo + Barge Storage, 1
Slide 8: Accelerating pace and scale of the global transition to hydrogen
Accelerating pace and scale of the global transition to hydrogen has never been more evident Increasing awareness of Compressed H2 continues to grow the pipeline of regional opportunities in Europe & Asia Techno-economic studies advanced for Europe Advancing Projects to Feasibility for Asia Tiwi H2,
Slide 9: In position to be first supplier of green hydrogen to REPowerEU
in position to be first supplier of green hydrogen to rePowerEU with potential to scale to full Transition from H2Neo to H2Max by 2030 supports 1Mpta scale ambitions and materially impact delivered cost H2Neo H2Max Cargo Carrying Capacity 26,000 m3 @ 250 barg 120,000 m3 @ 250 barg AiP Received - 2
Slide 10: Proprietary IP, Green Hydrogen Production, Shipping & Storage Solutions
Proprietary IP Hydrogen marine carriers and storage using compression (Engineering, Class Approvals, Newbuilds, Patents) Bridging the gap Green Hydrogen Production with IP for Developer of the full hydrogen value chain from electrons to Integrated Solutions delivered molecules Pipeline of +3 GW of p
Slide 11: Low-capex, simple and energy efficient regional supply chain
for a low-capex, simple and energy efficient regional supply chain Green Hydrogen Production Battery Storage Water Desalination 1. Compress & Load 2. Store & Transport 3. Decompress & Unload H2 Distribution H2 Markets Transmission Line Power • H2 gas direct from the electrolyser compressed • Closed
Slide 12: Design Approval for bulk hydrogen carrier
Design Approval for Approval In Principle (2021) confirms no risks to prevent successful development H2Max & H2 H2Neo; followed by bulk hydrogen carrier Design Approval (2022) for the H2Neo Two GH2 Carriers under development H2Max, 120,000 m3 Low emission shipping through green fuels for power H2Neo
Slide 13: Strategically located to export markets in SE-Asia
Provaris acknowledges that its proposed Tiwi Islands Green Hydrogen Export Project is located on the strategically traditional lands of the Munupi people. It is a privilege to have the support and such a close working relationship with the Tiwi Land Council and Munupi Landowners. located to export m
Slide 14: Project Development Workstreams
Site selection to enable project from Northern Australia Strategic Location to Markets Solar Intensity & Water Access Traditional Land Ownership Existing Port Infrastructure Low Environmental Impact Landowner & Government Support 2022 2023 2024 2025 2026 2027 Stakeholder & Community Engagement Proje
Slide 15: Across the full supply chain cost needs to be evaluated
cost needs to be evaluated across the full supply chain Compression can “100% load-follow” renewable generation, enabling efficient and cost-competitive delivery > Renewable generation profile does not match the baseload/stable process required for liquid or chemical conversion > Location, renewable
Slide 16: Across the full supply chain cost needs to be evaluated
cost needs to be evaluated across the full supply chain Alternative carriers require a “stable/flat” hydrogen production for efficient conversion and delivery profile – at what impact on the delivered LCOH? Provaris assumptions on factors that impact on LCOH of supply chain GCH2 LH2 NH3 Load Follow
Slide 17: REPowerEU establishes a 10Mpta import market
Q1: Confirm scope and location of first Norway > REPowerEU establishes a 10Mpta import market with project Norway to benefit from ‘additionality’ rules being introduced Q2: Mature a portfolio of export projects from > Demonstrating the simplicity and efficiency of compression the Nordic region to co
Slide 18: Contacts
Contacts: Martin Carolan Managing Director mcarolan@provaris.energy Per Roed Chief Technical Officier proed@provaris.energy www.provaris.energy Herman Hildan Strategic Advisor ASX.PV1 hhildan@provaris.energy @ProvarisEnergy Provaris Energy Ltd. Sydney, Perth, Oslo info@provaris.energy
Slide 19: Appendices
Slide 20: Board & Management
Board & Management Australian listed company (PV1.ASX) with and global experience across energy infrastructure, utilities, ship newbuilds and operations, and capital markets Martin Carolan Garry Triglavcanin Greg Martin Andrew Pickering David Palmer Norman Marshall Managing Director & Executive Dire
Slide 21: Corporate Overview
Corporate Overview Oslo (Provaris Norway AS) Ordinary Shares on Issue (PV1.ASX) 548 Million Market Capitalisation (at 6.5c) A$ 36 Million Cash (at 31 December 2022) A$ 8.1 Million Listed Options on Issue (PV1OA.ASX) 1 96.7 Million Performance Rights 2 24.0 Million Perth Sydney Unlisted Options 3 9.0
Slide 22: Regional marine supply chain for green hydrogen
a regional marine supply chain for green hydrogen Technical Success… 2016-20 2021 2022 2023 2026/7 • Launch of Hydrogen • ‘Design Approval’ from • Prototype Testing for cargo tank • First operations • Full Class Approvals for CNG Strategy with AIP from Class for H2Neo based carrier with • Launch flo
Slide 23: Hydrogen market set for remarkable growth through to 2050
Market for hydrogen increases substantially to 2050, with 30% forecast for seaborne trade* Hydrogen market set for remarkable growth through to 2050 Role of hydrogen in the energy transition: The key tool for harder-to-de-carbonize sectors: Iron & Steel, Refining, Power Generation, Heavy Transport,
Slide 24: WA study for demonstrated technical and commercial feasibility for 200ktpa
WA study for demonstrated technical and commercial feasibility for 200ktpa CASE STUDY: HyEnergy Project targeting 550,000 tpa of green hydrogen from Conceptual Illustration of Single Anchor Loading Design Gascoyne Region for export, with a Pre-feasibility Study underway Export Feasibility Study Comp
Slide 25: Supports the cost advantage and efficiency of Compressed H2 over regional distances
supports the cost advantage and efficiency of Compressed H2 over regional distances 1Mtpa continuous delivery over a 2,500km shipping “In the case of compressed hydrogen delivered by ship, it can be seen that the final cost is dominated by the transport costs. Due to its lower density, transport of