Pilot Energy Limited · ASX:PGY
Pilot Energy — Investor Presentation (June 2022)
21 slides from Pilot Energy's investor presentation, Jun 8, 2022
Slide 1: Delivering Clean Energy for the Mid West
Delivering Clean Energy for the Mid West Corporate Presentation June 2022 PILOT ENERGY LIMITED ASX:PGY
Slide 2: Compliance statements
Compliance statements Disclaimer Competent Persons Statement This investor presentation has been prepared by Pilot Energy Limited ABN 86 115 229 984 (Pilot or the Company). This announcement contains information on conventional petroleum and carbon storage resources which is based on and fairly Any
Slide 3: Pilot's Clean Energy opportunity
Pilot’s Clean Energy opportunity Transforming existing assets and established infrastructure to deliver competitive, low cost clean energy Western What we have What we’re building Australia Wind / Solar Carbon Capture2 Existing Operations1 Transition Clean Energy & & Transform Resource hub Clean H2
Slide 4: Investment highlights
Investment highlights Material world-class natural Ownership in key energy Leveraging existing operations into resources & renewables footprint licenses & infrastructure world-class clean energy projects Feasibility studies confirm viability of Significant near-term cash flow Proven and experienced
Slide 5: The Energy Transition is underway
The Energy Transition is underway 5 Pilot Energy Corporate Presentation | June 2022
Slide 6: Mid West Clean Energy Project value proposition
Mid West Clean Energy Project value proposition Current Stage 1 Carbon Capture Stage 2 Blue H2 Stage 3 Clean Ammonia Timing 2022-2025 2024-2025 2026 onward 2025-2027 2027 onward Activity CO2 Injection & Production Conversion Construction Production Construction Production storage Blue H2 plant Opera
Slide 7: Carbon Capture and Storage (CCS) – the key enabler
Carbon Capture and Storage (CCS) – the key enabler Pilot’s Mid West Clean Energy Project presents a material clean energy opportunity Substantial opportunity − Cliff Head CCS project (PGY 57.5%/TEG 42.5%)* alone is a substantial opportunity, but also provides foundation for future clean hydrogen and
Slide 8: Near-term focus – Cliff Head CCS
Near-term focus – Cliff Head CCS CCS opportunity compelling and provides runway for producing low cost, clean hydrogen and ammonia Interest1 • Pilot = 57.5% & operator • Triangle Energy (Global) Limited = 42.5% Scale • Injection rate = 0.55Mtpa increasing to 1.1 Mtpa for 15+ years • Total storage =
Slide 9: Carbon Capture and Storage – a proven solution
Carbon Capture and Storage – a proven solution CCS is the process of capturing and permanently storing carbon dioxide preventing release into the atmosphere Methods for storing CO2 in deep underground geological formations Carbon capture and storage • CCS involves capture of CO2, compressing it for
Slide 10: CCS globally
CCS globally CCS project capacity in development grew 48% from December 2020 to September 2021 Capacity of CSS Facilities in Development (Mtpa) 120 100 80 60.9 60 35.0 40 46.7 20 37.7 2.3 3.1 0 Dec-20 Sep-21 Commercial CCS facilities in operation and construction Early development Commercial CCS fac
Slide 11: Operational capacity of large-scale CCS facilities worldwide as of 2021
Operational capacity of large-scale CCS facilities worldwide as of 2021 Carbon Dioxide Capture Capacity in million metric tons per year, 2021 Shute Creek Gas Processing Plant (United States) 7.0 Century Plant (United States) 5.0 Petrobras Santos Basin Pre-Salt Oil Field CCS (Brazil) 4.6 Gorgon Carbo
Slide 12: Cliff Head CCS impact
Cliff Head CCS impact 0.5 35,000 57 mtpa p.a. million p.a. Initial planned annual Cliff Equivalent hectares of Equivalent number Head CCS CO2 agroforestry planting per of tree plantings per sequestration annum(1) annum(2) Sources 1. Source: The FLR Carbon Storage Calculator applies data from the Glo
Slide 13: Cliff Head CCS Project implementation
Cliff Head CCS Project implementation Clear staged process to enable CCS Storage Reservoir Preparation Pre-CO2 Injection CO2 Injection Operation Final oil production Facility Conversion & Installation CO2 Injection Objective Prepare Cliff Head oil field reservoir for CO2 • Prepare Cliff Head wells a
Slide 14: Blue Hydrogen – the next stage
Blue Hydrogen – the next stage The clean and cost competitive advantage Blue Hydrogen is only possible with CCS Levelized Cost of Hydrogen Lowest cost clean hydrogen option LCOH (AUD/kg) • Majority of locations, blue hydrogen will be the lowest-cost clean production option1 5.62 • A$6.00/kg hydrogen
Slide 15: Beyond Hydrogen to clean Ammonia
Beyond Hydrogen to clean Ammonia Ammonia from blue hydrogen is both a low cost and clean energy source and supply vector for hydrogen Clean Ammonia emerging as a cost competitive Levelized Cost of Ammonia replacement for LNG LCOA AUD/tonne 1,890 1,890 Established market and supply chain • Essential
Slide 16: Mid West Clean Energy Project − bringing it all together
Mid West Clean Energy Project − bringing it all together C02 Hub Blue Hydrogen Production C02 to CSS Green Hydrogen Mid West Clean Production Energy Project video Ammonia Ammonia Production Export 16 Pilot Energy Corporate Presentation | June 2022
Slide 17: Key next steps
Key next steps Over the next 12-months Pilot (as operator) together with JV Partner Triangle Energy will be focused on the activities to deliver the Cliff Head CCS Project Corporate • Analyse & implement feasibility studies • Commence engagement with prospective CCS project partners Next 12-months a
Slide 18: Corporate overview
Corporate overview ASX Code: PGY PGY Shareholder Analysis Capital Structure Issued shares 504.4 million Former Royal Energy shareholders 18% PGY share price ~$0.02 (10/5/22) Retail holdings 35% • 12 month range ~$0.02 to $0.09 Board Management 8% Market Capitalisation ~$11 million • 12-month range ~
Slide 19: Proven, experienced Board
Proven, experienced Board Brad Lingo Tony Strasser Daniel Chen Bruce Gordon Executive Chairman Managing Director Non Executive Director Non Executive Director 30+ years international senior Extensive oil & gas experience 17+ years of international business, Corporate Finance and Corporate Audit exec
Slide 20: Management Team
Management Team Cate Friedlander Nick Watson Mike Lonergan Company Secretary & General Counsel Head of Renewables & Commercial Head of Upstream Experienced corporate / commercial lawyer in 20 years energy industry experience Michael is a petroleum geophysicist with 35 years of upstream & midstream e
Slide 21: Contact details
Contact details Pilot Energy Limited Level 1, 85 Elizabeth Street Paddington, NSW 2021 www.pilotenergy.com.au Brad Lingo Tony Strasser Nick Watson Chairman Managing Director Head of Renewables & Commercial blingo@pilotenergy.com.au tstrasser@pilotenergy.com.au nwatson@pilotenergy.com.au 21 Pilot Ene