Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (August 2023)
28 slides from Provaris Energy's investor presentation, Aug 4, 2023
Slide 1: Provaris Energy Corporate Presentation August 2023
For personal use only PROVARIS ENERGY Compressed Hydrogen First Mover for regional storage and transport Corporate Presentation August 2023 Australia w w w. pro va ris.energy Norway A SX: PV 1
Slide 2: 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 Provaris’ operations and Provaris
Slide 3: Accelerating innovation to bridge the gap with safe, simple, efficient solutions
Accelerating innovation to bridge the gap with safe, simple, efficient and economic solutions For personal use only Energy Efficiency Why Compression? Why Provaris? Relevance to Europe First Principle > Shapes energy policy and > Efficient regional > Ambition to deliver 1Mtpa. > Collaborations with
Slide 4: For personal use only
For personal use only Established in 2017 to focus on compressed natural gas solutions Pre-feasibility to investigate H2 export Pivot to hydrogen in 2021 with the award of AIP on two proprietary compressed hydrogen capacity carriers 2,000 nautical Pre-FEED underway 270 MW mile radius facility (4
Slide 5: Unique model to capture multiple revenue streams and drive equity value
Unique model to capture multiple revenue streams and drive equity value through project development Production of Hydrogen Shipping and Leveraging unique Storage For personal use only Hydrogen IP > Developer full value-chain for export of > Infrastructure for loading, storage and shipping > Propriet
Slide 6: Factors that impact on LCOH of supply chain
For personal use only Factors that impact on LCOH of supply chain Minimise (re)conversion losses and capex required for alternative carriers Compression Liquefaction Ammonia (LH2) (NH3) Does not require base-load renewable energy supply to be efficient ‘Load Follow’ 100% 0% 40-100% Variable Profile
Slide 7: Market Opportunity for Compressed Hydrogen into Europe
Realistic hydrogen supply chain analysis needs to account for the full value chain: RE curtailment, Vector capital & losses, Shipping, and Conversion back to gaseous hydrogen (2023 Hydrogen Transport Comparison Report, Energy) For personal use only Solar/Wind RE to Deliver 100,000 tpa as Hydrogen Ma
Slide 8: World first bulk scale carrier for compressed hydrogen storage and transport
For personal use only World first bulk scale carrier for compressed hydrogen storage and transport
Slide 9: Compressed hydrogen carriers H2Neo and H2Max
Low emission shipping through green fuels for power generation, including Fuel Cell and Hybrid integration Marine Classification Ship Broker & Technical Partner For personal use only Commercial Advisor > Standard MR tanker with two integrated tanks to store hydrogen Two Carriers under development at
Slide 10: Launch of bulk-scale H2Leo storage
Launch of bulk-scale “H2Leo” provides the hydrogen industry with an energy efficient and cost-effective storage solution > ‘Approval in Principle’ received from ABS, April 2023 Marine Classification For personal use only > Approved design capacity range of 300 to 600 tonnes of hydrogen, expandable t
Slide 11: Use of robotics for efficient storage and shipping of hydrogen
Use of ‘robotics’ to ‘crack the code’ on efficient and cost-effective storage & shipping of hydrogen Prodtex’s production facility located in Fiskå, Norway For personal use only > Collaboration Agreement with Prodtex AS to construct and test a prototype scaled tank, alongside SINTEF, Norway’s leadin
Slide 12: Prodtex AS prototype tank and production line
Prodtex AS consists of a very skilled and experienced team, with background in shipbuilding, and a proven track record with fully automated fabrication of complex steel structures For personal use only > Award of a contract to Prodtex AS for the construction and testing of a prototype hydrogen tank
Slide 13: Establishing a portfolio of export projects for supply to Europe
For personal use only Establishing a portfolio of export projects for supply to Europe
Slide 14: Norway export projects
> Two Collaboration Agreements with Norwegian Hydrogen For personal use only AS and Gen2 Energy AS > Collective project scale +100 ktpa across multiple bidding zones, with additional opportunities under review Norway > Marine transport cost range of EUR 1.00-1.50/kg (<1,000 Nm) Sweden > First mover
Slide 15: Collaboration with Norwegian Hydrogen AS
Collaboration with Norwegian Hydrogen AS, located at Ørskog in Ålesund municipality For personal use only > Pre-feasibility completed March 2023 for 270 MW production capacity with export volume 40,000 tpa > Competitive LCOH based on current electricity prices > Marine transport cost range of EUR 1.
Slide 16: Collaboration with Gen2 Energy AS
Collaboration with Gen2 Energy AS, located Trøndelag region For personal use only Åfjord project in Trøndelag region, Norway > Collaboration Agreement signed June 2024 > Collaboration will benefit from the synergies of Provaris and Gen2 Energy’s approach to using compression as an energy efficient c
Slide 17: Scale rewarded through unit economics for compressed H2 marine transport
rewarded through reduction unit economics for compressed H2 marine transport Scale benefits on utilization across the compressed H2 supply chain can achieve sub-USD 1.00/kg transport costs For personal use only 4.00 3.50 3.00 Illustration of LCOH for compressed H2 transport, 2.50 H2Neo + Barge Stora
Slide 18: HyPerLink hydrogen network
Project HyPerLink project will result in a large-scale hydrogen For personal use only network (up to 7.2 GW) with a total length of ~610 km > Open access large-scale hydrogen networks in the Netherlands and Germany > Establishing direct connections to large industrial consumers (steel works, chemica
Slide 19: Tiwi H2 the only gaseous green hydrogen export project for Australia
For personal use only Australian title page… Tiwi H2 the only gaseous green hydrogen export project for Australia
Slide 20: Tiwi H2 project overview
Strategic decision to develop both upstream hydrogen molecules and integrate with compressed hydrogen supply chain For personal use only Strategic Location to Markets 2.6 GW Solar Generation Existing Port Infrastructure 2028 Solar Intensity & Water Access Target for first export Traditional Land Own
Slide 21: Tiwi H2 development timeline
> Concept Design Study (August 2022) confirmed feasibility for compressed hydrogen production for 100,000 tpa export project For personal use only > Permitting advancing with Federal and Territory EIS submission scheduled for Q1 2024 > Design Feasibility complete for Solar Farm and transmission pre-
Slide 22: Investment highlights & Key Milestones
For personal use only Investment highlights & Key Milestones
Slide 23: Investment highlights and key focus for 2023
INVESTMENT HIGHLIGHTS KEY FOCUS FOR 2023 For personal use only > Compression now considered viable alternative pathway for early export volumes in Europe > Mature a portfolio of export projects from the Nordic region to confirm additional project > Demonstrating the simplicity and efficiency of comp
Slide 24: Contacts
Contacts For personal use only Martin Carolan Media & PR Enquiries Managing Director & CEO Melanie Singh mcarolan@provaris.energy NWR Communications +61 439 748 819 Per Roed Chief Technical Officer melanie@nwrcommunications.com.au proed@provaris.energy Garry Triglavcanin www.provaris.energy Chief De
Slide 25: Capital Structure
Capital Structure Regional Office Locations Servicing Europe & Asia For personal use only Ordinary Shares on Issue (PV1.ASX) 548 Million Market Capitalisation (at 6.5 c) A$ 35 Million Cash (at 30 June 2023) A$ 5.1 Million Performance Rights 2 24.0 Million Unlisted Options 3 9.0 Million Shareholding
Slide 26: Global experience in energy infrastructure, utilities, ship newbuilds
Global experience in energy infrastructure, utilities, ship newbuilds, operations, and capital markets For personal use only Martin Carolan Garry Triglavcanin Greg Martin Andrew Pickering David Palmer Norman Marshall Managing Director Executive Director & Chief Chairman Non-executive Non-executive C
Slide 27: Compressed hydrogen delivered by ship cost (JRC 2022)
(1Mtpa continuous delivery over a 2,500km distance to market) For personal use only “In the case of compressed hydrogen delivered by ship, it can be seen that the final cost is dominated by the transport costs. Due to its lower density, transport of compressed hydrogen requires a bigger and more exp
Slide 28: ESG reporting under World Economic Forum framework
Provaris has adopted the World Economic Forum (WEF) framework to report material and non-material Environmental, Social and Governance (ESG) matters For personal use only Our purpose is to produce • ANTI BRIBERY/CORRUPTION We maintain the highest standards of and develop renewable integrity and hone
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