Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (May 2026)
22 slides from Provaris Energy's investor presentation, May 27, 2026
Slide 1: Unique IP for Hydrogen & CO2 Infrastructure
For personal use only Unique IP for Hydrogen & CO₂ Infrastructure — Capital-Light Licensing Model — May 2026 www.provaris.energy Fiskåbygd, Norway – Robotic Innovation Centre ASX.PV1
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation and these materials (together the “Presentation”) have been prepared by Provaris This Presentation, including opinions set out in it, is based on information compiled or prepared by Energy Ltd ACN 109 213 470 (ASX:PV1) (“Provaris”) as a summary of Pr
Slide 3: Investment Highlights
Investment Highlights Unique IP Ready for Licensing – Capital-Light Revenue Model Patented compressed H2 and LCO2 tank and ship designs generate license fees at FID/construction — no capex burden on Provaris. Proven industry model. For personal use only Bankable Partners Committed – Yinson (CO2), K
Slide 4: Corporate Overview – Provaris Energy (Sydney & Oslo)
Corporate Overview – Provaris Energy (Sydney & Oslo) Capital Structure Shareholding (Undiluted) 7% For personal use only Ordinary Shares on Issue (PV1.ASX) 1,041 M 1% Board & Management 6% Market Capitalisation (25 May 2026) $ 10 M Yinson Production AS Cash (31 March 2026) $ 1.1 M Institutions Unlis
Slide 5: Business Overview
Business Overview Unique IP for shipping & storage infrastructure For personal use only (Patents, Engineering, Class Approvals, Robotic Fabrication) Hydrogen (H2) CO2 Compressed H2 Shipping & Supply Chain Joint Development of large-scale tanks for Development Offshore and Maritime solutions (LCO2, N
Slide 6: Advanced development phase with supportive partners validates pathway
Advanced development 2025 achievements with supportive establish a Industrial Partners validates platform forpathway commercial re-rating technical and commercial Milestones markingmilestones in 2026 phase; CO2 closing the gap on H2 shift towards commercialization For personal use only H2 Prototype
Slide 7: Decarbonisation is not achievable without CCS and hydrogen – at scale!
Decarbonisation is not achievable without CCS and hydrogen – at scale! No longer hype, transitioning to core capex, and critical to enabling industries to achieve emission reduction targets Energy Transition Remains Key Investment Thematic Europe Leads on Binding Decarbonisation Policy For personal
Slide 8: German hydrogen mandate reignites import-driven demand
reignites import-driven demand Quota requires 1.6 million tons of RFNBO (renewable) H2 use by 2040 – with penalties of €14.4 per kilogram of H2 For personal use only Policy Shift to Mandated Law Immediate Market Impact Provaris Opportunity Bundesrat approved RFNBO hydrogen mandate 8 May Why It Mat
Slide 9: Norway supply to Europe
Norway • Norway’s grid supply 98% renewable supply to Europe sources = high electrolyser utilisation • Industrial PPA €40-50/MWh • Hydrogen supply ~EUR 4-5/kg FOB* Established collaborations with industrial partners For personal use only Benefits of compression establish high energy efficiency = low
Slide 10: Term sheet with Uniper: ~34,000 tpa RFNBO-compliant supply from Norway
Term sheet with Uniper: ~34,000 tpa RFNBO-compliant supply from Norway, aligned to German 2030 deficit • Responsible for H2 supply For personal use only H2 • ~34,000 tonnes per annum RFNBO compliant H2 Supply • Grid Power the key to low cost H2 (99% Hydropower) • Land secured; advanced permitting; c
Slide 11: Early cash flow without large-scale capex
early cash flow without large-scale capex Capital efficient growth model through upfront license fees + equity share in fleet, without owning ships > Provaris applying an industry proven license model where revenue is aligned with a project FID decision. For personal use only Illustrative Returns (2
Slide 12: Advanced design and approvals for H2 carrier provides the lowest regional transport cost
Advanced design and approvals for H2 carrier provides the lowest regional transport cost Approved FEED design package by Class with a ‘Construction Ready’ approval pending H2 Prototype Tank completion Proprietary Design Advanced Development & Approvals Robotic Fabrication For personal use only 27,00
Slide 13: Established Robotic Cell Demonstrating Design IP and Laser-welding
Established Robotic Cell Demonstrating Design IP and Laser-welding Robotic cell fabricating the H2 prototype tank demonstrates high efficiency of automation for using robotic plate handing and laser-welding with nanometer accuracy. Learnings being applied to CO2 tank designs. For personal use only R
Slide 14: "K" LINE: Strategic shipping partner to finance, own, and operate H2Neo carriers
"K" LINE: Strategic shipping partner to finance, own, and operate H2Neo carriers Role, expertise, and relevance to Nordic hydrogen supply — accelerating Provaris’ Norway-to-Europe supply chain. Globel Fleet of Energy Vessels Role: For personal use only MOU signed July 2025 — progressing to binding
Slide 15: Disruptive LCO2 designs reducing the cost per tonne of CO2
| For personal use only Disruptive LCO2 designs reducing the cost per tonne of CO2
Slide 16: Yinson Partnership: Tank design unlocks lower $/t CO2 across the supply chain
Yinson Partnership: Tank design unlocks lower $/t CO2 across the supply chain: FSIU, Shipping, and Terminal Storage JDA with Yinson Yinson’s Full Supply Chain Commitment Tank Design Advanced to FEED For personal use only > Yinson Production AS – Global energy > Stella Maris CCS acquisition (2025):
Slide 17: To get CCS costs down, large scale flexible solutions are required!
To get CSS costs down, large scale flexible solutions are required! Provaris tank achieves ‘Concept Selection’ for infrastructure planned to handle ≥ 10 mtpa of CO2 for the Havstjerne CCS project, Norway. For personal use only Capturing Transport CO₂ from Technology Emitter to CO2T Collection Transp
Slide 18: Development Milestones for H2 & CO2 highlight technical program de-risking
Development Milestones for H2 & CO2 highlight extensive technical program de- risking commercial events in 2026-27 Today 2025 2026 2027 For personal use only H2 Q3 Q4 Q1 Q2 Q3 Q4 Q`1 Q2 Prototype & Class Testing Fabrication Approvals Final Class Approval H2Neo Newbuild “K” Line & Shipyard Ship Owner
Slide 19: Contacts
To join our InvestorHub For personal use only Contacts Martin Carolan www.provaris.energy Managing Director & CEO mcarolan@provaris.energy ASX.PV1 @ProvarisEnergy Norm Marshall Provaris Energy Ltd. Company Secretary Sydney & Oslo nmarshall@provaris.energy info@provaris.energy
Slide 20: Norway cements its leadership for sequestering CO2 for +25yrs
Norway cements its leadership for Ideal geology and strategic proximity to major industrial emitters and sequestering CO2 for +25yrs Rising Confidence in CO₂ Shipping, Storage and Injection Northern Lights CCS Injection Project (5 Mtpa) For personal use only > Northern Lights CCS: Europe’s first com
Slide 21: Strong CO2 macro tailwinds attracting traditional energy majors and shipowners
Strong CO2 macro tailwinds attracting traditional energy majors and shipowners in a new maritime market - Europe the early-mover • Capture and storage capacity quadrupling by 2030 (DNV, Sept 2025) with Europe to surpass Nth America For personal use only + Project pipeline never been stronger +58 + G
Slide 22: Regional supply model delivers more hydrogen
Delivered Hydrogen Volumes 540 MW Nordic Project (tpa) Regional supply model delivers 100,000 Energy Used in Compression ~3% 90,000 Energy Used in Ammonia 80,000 50% more +30% Synthesis 87,600 Hydrogen energy 70,000 loss Hydrogen Lost in Sale Volume Ammonia Cracking Compression eliminates capital an