Renergen — Investor Presentation (May 2024)
21 slides from Renergen's investor presentation, May 2024
Slide 1: The Art of Possible
R E N E R G E N . C O . Z A The Art of Possible Corporate Presentation
Slide 2: Why is Helium critical?
Why is Helium critical? R E N E R G E N . C O . Z A
Slide 3: Renergen at a Glance
Renergen at a Glance R E N E R G E N . C O . Z A World-class helium Focused on accelerating First producer of LNG in The principal lender is the reserves with exceptionally the adoption of clean South Africa US government, through high helium concentrations energy by beneficiating our from Virginia
Slide 4: Our Products
Our Products R E N E R G E N . C O . Z A
Slide 5: Helium Uses - Irreplaceable without Substitutes
Helium Uses - “Irreplaceable without Substitutes” Helium is a vital and irreplaceable element in many modern industries R E N E R G E N . C O . Z A • The global market is 16 containers per day. Phase 2 will produce ONE container per day! Properties of helium • Helium is a rare commodity Chemically i
Slide 6: Where Will We Play? Our Helium Mission
Where Will We Play? Our Helium Mission Structure of the helium market R E N E R G E N . C O . Z A Take or pay Wholesale Sellers – Phase 1 Sales Here Spot market End Users – > 50% of Phase 2 Sales Here Note: Logos and companies shown do not necessarily represent current Renergen customers.
Slide 7: CO2 : Helium Ratio
Renergen’s unique helium concentration enables it to recover helium while emitting significantly lower associated CO2 emissions R E N E R G E N . C O . Z A ▪ As US helium reserves approach depletion and global demand continues to grow between 1.5% - 3% annually a near-term supply shortage is forecas
Slide 8: LNG - The South African Industrial Gas Market
LNG - The South African Industrial Gas Market Natural gas is currently imported via pipeline from Mozambique by Sasol R E N E R G E N . C O . Z A • Pipeline runs to Johannesburg - reticulated to customers via low-pressure pipeline Renergen’s supply by 2026 time is • Majority of imported gas is used
Slide 9: Domestic LNG for Transport
Domestic LNG for Transport Phase 2 rollout will see Renergen control a nationwide LNG filling station network, with over 65,000 trucks passing our filling stations daily in an addressable market R E N E R G E N . C O . Z A • Over 377,000 large trucks on the road in SA, with 65,000 per day on the mai
Slide 10: The Virginia Gas Project
The Virginia Gas Project 9 R E N E R G E N . C O . Z A
Slide 11: Renergen Corporate Structure
Renergen Corporate Structure R E N E R G E N . C O . Z A Renergen has a straightforward corporate structure. It is a listed holding company on both the JSE and ASX whose principal investment is Tetra4 Propriety Limited (Tetra4), a project company that owns exploration and production rights for the V
Slide 12: Renergen Board
Renergen Board The Board delegates certain functions to well-structured committees which assist the Board in discharging its duties R E N E R G E N . C O . Z A Renergen Board Executive Directors Stefano Marani (CEO) Brian Harvey (CFO) Nick Mitchell (COO) Independent Non-executive Directors David Kin
Slide 13: Business Snapshot - Vertically Integrated Model
Business Snapshot - “Vertically Integrated Model” Production of liquid natural gas (“LNG”) and liquid helium R E N E R G E N . C O . Z A Liquid Helium (LHe) “Wellhead to customer” • Phase 1 helium contracted. • Phase 2 more than 50% already contracted. LNG LNG LNG Power generation Industrial users L
Slide 14: Summary of the Virginia Project's Methane & Helium Net Gas Reserves
Summary of the Virginia Project’s Methane & Helium Net Gas Reserves Helium Methane R E N E R G E N . C O . Z A 25 700 20,0 600,1 20 600 500 407,0 15 13,6 400 BCF 315,8 BCF 10 7,2 7,2 300 215,1 200 154,5 5 2,6 45,3 More than the US 1,1 100 0 0 Federal Helium System 1P 2P 3P 1P 2P 3P Mar-19 Nov-21 Mar
Slide 15: How Did the Gas Get There?
How Did the Gas Get There? Renergen’s production right is on the rim of the Vredefort Crater, formed by an asteroid strike approximately 2 billion years ago, where natural helium is produced as a result of natural decay of ultra-high uranium and thorium deposits R E N E R G E N . C O . Z A ▪ Timing
Slide 16: The resource's geology and fault-lines have been extensively mapped
The resource’s geology and fault-lines have been extensively mapped R E N E R G E N . C O . Z A Virginia status ▪ The Virginia Gas Field Project is situated in the Witwatersrand Supergroup of meta-sediments of Precambrian age that host the Welkom Goldfields ▪ The reservoirs are of a fractured nature
Slide 17: Virginia Gas Project - Progression to date
Virginia Gas Project - Progression to date R E N E R G E N . C O . Z A CNG - Pilot Phase LNG & helium - Phase 1 LNG & helium - Phase 2 Decommissioning of CNG operations in Commencement of operations September 2022 with full Remaining milestones: September 2022 Phase 1 production anticipated during F
Slide 18: Phase 2
Phase 2 R E N E R G E N . C O . Z A
Slide 19: Capital Structure
Capital Structure Sources and uses R E N E R G E N . C O . Z A Debt Key Comparables The US Development Finance Corporation • DFC has approved an additional US$500 million of debt for Phase 2 expansion Transaction Resource1 Value Implied REN value • Standard Bank will lend an additional US$250 millio
Slide 20: Lessons learned
Lessons learned How will we adapt from Phase 1 to Phase 2? R E N E R G E N . C O . Z A Reduce the amount of risk taken on by the Owner. Moving away from free issue approach in favour of a risk averse Contracts Interfacing methodology and looking to include balance of plant into whole process plant s
Slide 21: www.renergen.co.za
www.renergen.co.za Copyright Renergen all rights reserved. Renergen is the owner of the intellectual property contained in this document. This information is private and confidential accordingly any redistribution or reproduction of part or all of the contents in any form is prohibited; other than t