Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (October 2026)
13 slides from Petro Matad's investor presentation, October 2026
Slide 1: SunSteppe Renewable Energy
PETRO MATAD LIMITED | INVESTOR PRESENTATION SunSteppe Renewable Energy Leading Mongolia's renewable energy transition SSP Sun Steppe Power October 2026 A Petro Matad renewables joint venture Sun Steppe Power LLC · Ulaanbaatar, Mongolia
Slide 2: Corporate Outlook: Scope, Mission & Strategy
Corporate Outlook: Scope, Mission & Strategy Business Scope Mission & Ambition Development and investment in all types of Accelerate the energy transition 01 renewable power projects in Mongolia, including Develop cutting-edge renewable projects with the related infrastructure for each project. last
Slide 3: Mongolia's World-Class Renewable Energy Potential
Mongolia's World-Class Renewable Energy Potential Wind Speed Map² 4,774 TWh/yr¹ 2,550 TWh/yr¹ Solar Resource Potential Wind Resource Potential 3rd highest radiation among world High capacity factor corridors (>42% deserts. net capacity factor). Solar Advantage High-Yield Wind >260 Cloud-Free Days:
Slide 4: Renewables in Mongolia
Renewables in Mongolia ● SSP high-priority projects (indicative) 335 MW INSTALLED RENEWABLE CAPACITY Accounts for 17.2% of national nameplate power generation (1,949 MW total grid). 8.8% ACTUAL GENERATION SHARE Only 803 GWh/yr delivered due to midday curtailment and Arvaikheer Mandalgobi lack of fir
Slide 5: Why Now? Market Opportunity & State Action
Why Now? Market Opportunity & State Action The Breakthrough: Renewable + BESS What Has Changed? • SunSteppe pairs high- • Political urgency: Stopping winter brown-outs is efficiency bifacial solar PV now a top Government priority. with containerized 4-hour battery storage (BESS). • Ageing coal: +40
Slide 6: Active Project Status & Pipeline
Active Project Status & Pipeline ■ Highlighted: Our two High-Priority projects, detailed on the next page Project Capacity CAPEX est. Target Tariff Current Stage Key Next Milestone Target COD Mandalgobi Solar FS approved; Construction 135 MW PV + 100 PPA → Permits → Financial + BESS USD 220M 9.9¢/kW
Slide 7: Mandalgobi & Arvaikheer: 270 MW PV + 800 MWh BESS
Mandalgobi & Arvaikheer: 270 MW PV + 800 MWh BESS MANDALGOBI CONFIGURATION 135 MWp + 100MW/400 MWh BESS COD Target: Q4 2027 ARVAIKHEER CONFIGURATION 135 MWp + 100MW/400 MWh BESS COD Target: Q3 2028 OFFTAKE STRUCTURE 9.9¢/kWh target tariff 20–25-year US$-indexed NDC PPA Development Partner and Agreed
Slide 8: Hunnu City & Buuruljuut: 300 MW Exclusive Projects
Hunnu City & Buuruljuut: 300 MW Exclusive Projects Hunnu City (Satellite City PPP) 100 MW PV + 90 MW / 360 MWh BESS • Ranked #1 in UB Municipal competitive tender (Sep 2026) • Powers 32,000+ homes & Airport Economic Hunnu City Zone Buuruljuut • 20-Yr PPP Concession; 9.8¢/kWh PPA (COD Q1 2028) ● Indi
Slide 9: Further Growth Targets
Further Growth Targets IFC 100 MW Wind Competitive Auction Cross-Border Clean Energy Export 100 MW Utility Onshore Wind | Indicative CAPEX 4.5 GW first phase | Export MoU with Acwa $130.0M • First phase: 4.5 GW of renewable export capacity, • Structured under IFC (World Bank) Scaling RE framework su
Slide 10: Value Chrystallisation: Development Premia
Value Chrystallisation: Development Premia Development Premia: Four exclusive projects (570 MW) — benchmark $30k–$50k/MW, uplifted for large BESS Project 2027 (NTP/FC) 2028 2029 Total Premia Mandalgobi (135 MWp + 400 MWh) $5M – $7M — — $5M – $7M Arvaikheer (135 MWp + 400 MWh) $5M – $7M — — $5M – $7M
Slide 11: Export Gamechanger: 4.5 GW First Phase
Export Gamechanger: 4.5 GW First Phase Bilateral Win-Win Alignment For Mongolia Vision 2050 Realized: Shifts the nation from power importer to premier clean 4.5 GW ~17 TWh / yr ~$0.9B / yr 2030 energy exporter. Generation potential Project revenue potential Target commissioning Long-Term FX Anch
Slide 12: Investment Summary: Why SSP, Why Now
Investment Summary: Why SSP, Why Now EXCLUSIVE PORTFOLIO GROWTH PIPELINE EXPORT UPSIDE 4 projects | 570 MW 124 MW + 500 MW+ 4.5 GW first phase 470 MW solar + 100 MW wind + 370 MW BESS; c.$676M IFC wind (100 MW) and OT green H₂ (24 MW RE + 4 MW Export MoU with Acwa: Renewables + 500 MWh BESS CAPEX (M
Slide 13: Glossary of Abbreviations
Glossary of Abbreviations ADB Asian Development Bank IFC International Finance Corporation (World Bank Group) BESS Battery Energy Storage System IPP Independent power producer BOP Balance of Plant IRR Internal rate of return CAPEX Capital expenditure kV Kilovolt CHP Combined heat and power (coal) pl