Slide 1: Focused on Transitional Energy
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer and Forward Looking Statements These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the Company nor shall they or any part of them form the basis of or be r
Slide 3: Presenters
Presenters Adonis Pouroulis Julian Maurice-Williams Duncan Wallace CEO CFO Technical Director • One of the founders of Chariot, has worked • Chartered Accountant with over 15 years • Geologist with over 20 years of experience in the sector for over 30 years of experience in the energy sector in upst
Slide 4: The Opportunity to Drive the Energy Revolution
The Opportunity to Drive the Energy Revolution Energy security and sustainability are at the top of the global agenda 637 BCF 430 MW Developing significant, scalable, first- mover positions in large-scale transitional projects Harnessing Africa’s unique 30 MW resources to provide affordable and sust
Slide 5: Delivering a strategically located and material new natural gas basin
Delivering a strategically located and material new natural gas basin Developing some of the Building a world-class largest renewable energy green hydrogen projects in Africa portfolio
Slide 6: Transitional Gas
CHARIOT TRANSITIONAL GAS
Slide 7: Chariot's Moroccan Portfolio
Chariot’s Moroccan Portfolio Chariot Morocco Portfolio Tahaddart CCGT CPF New CCGT SPAIN 400MW ~105 mmscf/d (planned) >3 bcf/d ~50 mmscf/d process capacity Ain Beni Mathar Matured multiple plays across a wide-ranging portfolio CCGT over northern Morocco since 2012 430MW MOROCCO ~50 mmscf/d Successfu
Slide 8: Anchois Development Project
Anchois Development Project Delivering FID A SAND C SAND B SAND M SAND O SAND 8
Slide 9: Anchois Development – Delivering Gas and Unlocking Upsides
Anchois Development – Delivering Gas and Unlocking Upsides Geological Anchois-1 Anchois-2 Anchois East Re-drill Exploration Model Pilot Hole Anchois upsides can be Anchois East explored by deepening and Planned side-tracking existing and Royalty planned development wells Tax on Anchois main field fo
Slide 10: Anchois Opens Door to Almost Limitless Potential
Anchois Opens Door to Almost Limitless Potential Best Estimate Resources (BCF) 8000 7000 New targets recently identified, undergoing 6000 evaluation + Internal 5000 Audited 4000 Seismic Survey 2023 De-risking recently identified 3000 targets in new plays 2000 Basin-scale portfolio of opportunities 1
Slide 11: Transitional Power
CHARIOT ::#8%:: TRANSITIONAL POWER TRANSITIONAL POWER
Slide 12: Large-Scale Renewable Power Projects
Large-Scale Renewable Power Projects Providing competitive, sustainable and reliable power solutions across Africa – focused on Corporate, Industrial 15 MW & Mining Developing one of the largest private sector renewable 30 MW projects on the continent for in Zambia Mining projects developed with und
Slide 13: Massive Opportunity in Deregulation of South African Power Market
Massive Opportunity in Deregulation of South African Power Market Drive for renewable electricity + Deregulation allowing private generation + Mining Trend Power Network Gas Infrastructure Chariot Johannesburg Chariot projects Office Chariot owns 25% of electricity trading ~30 GW license JV gives ac
Slide 14: Electricity Trading Licence
Electricity Trading Licence Unlocking Multiple Revenue Streams via Large Renewables Projects in South Africa 1 2 3 SURPLUS DEREGULATION OF TRADING LICENSE ELECTRICITY GENERATION IN SOUTH ALLOWS TRANSMISSION FROM END USERS AFRICA NOW ALLOWS OF ELECTRICITY FROM CAN BE RESOLD BUILDING OF NEW RENEWABLES
Slide 15: Green Hydrogen
GREEN HYDROGEN Photo by Vista Wei on Unsplash
Slide 16: Green Hydrogen – the Opportunity
Green Hydrogen – the Opportunity Estimates for Global H2 Demand (2050) Estimates for global H2 demand for 2050 suggest up to 800 million tonnes of demand may Currently, green H2 makes up 2-4% of come from green hydrogen alone, potentially 100% of demand total global H2 production of ~115 Mt Project
Slide 17: Project Nour – Exporting the Elements
Project Nour – Exporting the Elements Global Solar Potential Irradiation at ground level [kWh/m2] Some of world’s best wind resources Key position within Gang of Four European market Restricted land And stats on comparison Global Wind Potential Average annual wind speed at 100 meters [m/s] access Ab
Slide 18: Building our Green Hydrogen Business
Building our Green Hydrogen Business OFFTAKERS PORTFOLIO Partnerships under discussion with strong industrial domestic offtakers Portfolio approach diversifies risk In addition to Mauritania, proof of concept projects in Morocco, and other assets under evaluation Benefits from economies of scale and
Slide 19: Timeline & Value Triggers
Timeline & Value Triggers Lixus / Rissana Low Risk Gas Upside Strategic partnering Construction Gas sales Gas sales agreements Production Contingent principles Gas new drilling concession venture awards FEED Debt FID Seismic completion finance acquisition Karo Next power Other H2 projects project Fu
Slide 20: Creating value, delivering positive change
Creating value, delivering positive change Delivering a strategically located and Developing some of the largest Building a world-class green material new natural gas province renewable energy projects in Africa hydrogen portfolio • Fast-tracking development of the • Equity stakes in multiple large
Slide 21: Appendix
CHARIOT -:#82+: 2ANSITIC LENERG’ APPENDIX
Slide 22: Non-Executive Directors
Non-Executive Directors George Canjar Chris Zeal Andrew Hockey Non-executive Chairman Non-executive Director Non-executive Director • Over 40 years with Shell, Carrizo, Davis Petroleum • Over 30 years’ experience across a wide range • Over 35 years’ experience in the oil & gas and Hess supervising e
Slide 23: Management Team
Management Team Benoit Garrivier Pierre Raillard Laurent Coche David Brecknock Nick Shepherd Transitional Power CEO Morocco Country Director Business Development, Gas Projects and Drilling General Counsel Transitional Power Manager • Over 28 years of experience in the energy sector • 15 years of exp
Slide 24: Calibrated Low-Risk Growth Opportunities
Calibrated Low-Risk Growth Opportunities Emissole Anchois West Anchois-1 Anchois-2 171 Bcf 240 Bcf 3 Tombe 1 2 121 Bcf Fault Anchois Maquereau O Sands Top 428 Bcf 754 Bcf Anguille 1 Amplitude Map Anguille 169 Bcf Deep Thon-1 24
Slide 25: Lixus Offshore: Pre-drill vs Post-drill Independent Resource Assessment
Lixus Offshore: Pre-drill vs Post-drill Independent Resource Assessment Updated independent assessment for Lixus Offshore licence based on Anchois-2 drilling results Contingent Gas Resources* (Bcf) RISSANA Field / Prospect Prospective Gas Resources (Bcf) Probability of Geological Success (Pg) 1C* /
Slide 26: Morocco fiscal terms and key figures
Morocco Exploitation Concession 25 years 31% 10 year corporate tax (extendable by corporate tax holiday 10 years) after 10 year no taxation of profits in first tax holiday 10 years of production 3.5% royalty applies to Royalty, rental, training, exploration, gas from Anchois production and bonus exp
Slide 27: Subsea Integration Alliance (SIA)
Subsea Integration Alliance (SIA) Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea7 and OneSubsea, the subsea technologies, production and processing systems division of Schlumberger. SIA has expertise in subsea production systems (SPS) and subsea umbilical,
Slide 28: OPERATIONAL: 15 MW Hybrid Solar-Thermal Project for IAMGOLD's Essakane Mine
OPERATIONAL: 15 MW Hybrid Solar-Thermal Project for IAMGOLD’s Essakane Mine Total Eren and Chariot delivered the Essakane project in Burkina Faso – one of the largest of its kind in the world • Location: Essakane, Burkina Faso • Size: 15 MW solar PV (connected to 57 HFO plant) • PPA: 15-years • COD:
Slide 29: DEVELOPMENT: up to 300 MW PV Project for Karo's PGM Mine
DEVELOPMENT: up to 300 MW PV Project for Karo’s PGM Mine Total Eren and Chariot are working with Karo to develop one of the largest renewable energy projects in Zimbabwe • Location: Karo’s operations are located in the Great Dyke, Mashonaland West district of Zimbabwe • Size: 30 MW (up to 300 MW) •
Slide 30: DEVELOPMENT: 40 MW Solar PV Project for Tharisa's PGM Mine
DEVELOPMENT: 40 MW Solar PV Project for Tharisa’s PGM Mine Total Eren and Chariot are working with Tharisa to deliver a 40 MWp solar PV project for its mine in South Africa • Location: Bushveld Complex, South Africa • Size: 40 MWp with demand expected to increase over the life of the mine • PPA: min
Slide 31: DEVELOPMENT: up to 430 MW Combined PV and Wind for FQM's Zambia Operations
DEVELOPMENT: up to 430 MW Combined PV and Wind for FQM’s Zambia Operations Total Eren and Chariot are working with FQM to develop one of the most ambitious renewable energy projects in Africa • Location: FQM’s operations in North Western Province of Zambia - the Kansanshi mine in Solwezi • Size: up
Slide 32: Partner Information: Total Eren
Partner Information: Total Eren Total Eren is an Independent Power Producer which develops, finances, builds and operates over the long-term renewable energy power plants globally 2012 - founded by Pâris Mouratoglou and David Corchia Shareholders 2020 % 2015 - €195 million capital increase from a di
Slide 33: Access to Unique Proprietary Electrolysis Technology
Access to Unique Proprietary Electrolysis Technology Unique technology • Oort Energy has developed technologies to make electrolysis economical and sustainable. It offers innovative, proprietary solutions that blend performance and durability in systems that deliver market-leading operational and ca
Slide 34: Corporate Snapshot
Corporate Snapshot Key Shareholders Market Statistics Shareholders* % Total Board & Senior Management 9.6 Listing AIM, London Including Westward Investments Limited (A Pouroulis - Director & Founder) 9.1 Ticker Symbol CHAR Issued Shares (at 9 Dec 2022) 959,762,100 Share Price (at 9 Dec 2022) 18p Mar