Provaris Energy Ltd · ASX:PV1
Provaris Energy — Investor Presentation (March 2026)
27 slides from Provaris Energy's investor presentation, Mar 5, 2026
Slide 1: Innovating critical infrastructure solutions for a low-carbon future
Fiskåbygd, Norway For personal use only Innovating critical infrastructure solutions for a low-carbon future H2 | CO2 5 March 2026 www.provaris.energy 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 EU Record Clean Energy Investment USD 390 billion in 2025 Clean Industrial Deal allocates €100 billion to industrial decarbonization, includes H2, CCS. Mandate for decarbonisation with Policies in place for industrial sectors which govern emissions For personal use only (transp
Slide 4: Experienced Board & Management with long-term shareholder alignment
Experienced Board & Management with long-term shareholder alignment Global experience across shipping, energy and gas infrastructure, and capital markets. Ownership: ~70 million shares. For personal use only Martin Carolan Greg Martin Andrew Pickering David Palmer Managing Director Chairman Non-exec
Slide 5: Corporate Overview – Provaris Energy (ASX.PV1)
Corporate Overview – Provaris Energy (ASX.PV1) Capital Structure Shareholding (Undiluted) For personal use only 8% Ordinary Shares on Issue (PV1.ASX) 1 1,029 M Board & Management 1% Market Capitalisation (5 Mar 2026) 1 A$ 11.3 M Yinson Production AS 7% Cash (pro-forma) 1 A$1.7 M Institutions Unliste
Slide 6: Innovation in large-scale storage and maritime transport solutions
Innovation in large-scale storage and maritime transport solutions critical to enable cost-effective decarbonization supply chains > Strategic location in Norway to support R&D and Commercialisation focus on European markets. > Combination of Unique IP for large-scale tank designs, carriers and fabr
Slide 7: Hydrogen and CCS are strategic enablers to emission reduction targets
Hydrogen and CCS are strategic enablers to emission reduction targets No longer hype, transitioning to core capex, and critical to enabling industries to meet emission reduction targets Transition remains a key investment thematic For personal use only > Annual energy transition investment must reac
Slide 8: Where does Hydrogen and CCS sit in Europe's energy transition?
Where does Hydrogen and CCS sit in Europe’s energy transition? CCS delivers near-term compliance returns; hydrogen captures long-term industrial upside Europe leads globally on binding decarbonisation policy, not just targets! For personal use only > Clean Industrial Deal provides €100 billion to su
Slide 9: Where does Hydrogen and CCS sit in Europe's energy transition?
Where does Hydrogen and CCS sit in Europe’s energy transition? CCS delivers near-term compliance returns; hydrogen captures long-term industrial upside. Europe leads globally on binding decarbonisation policy, not just targets! For personal use only > Clean Industrial Deal provides €100 billion to s
Slide 10: 2025 achievements establish a platform for re-rating
2025 achievements establish a Collaborations with industrial platform for re-rating technical and partners in H2 and CO2 highlight commercial milestones in 2026 the relevance of Provaris solutions For personal use only Recent achievements across H2 and CO2 programs Pathway for 2026 milestone events
Slide 11: Norway supply to Europe
Norway • Norway’s grid supply 98% renewable sources = high electrolyser utilisation • Industrial PPA €30-50/MWh supply to Europe • Hydrogen supply ~EUR 4-5/kg * Established collaborations with industrial partners For personal use only > Provaris’ choice of compression has established a highly energy
Slide 12: Hydrogen supply chain from Norway to Germany
from Norway to Germany ~40,000 tpa RFNBO-compliant hydrogen supply chain supported by Uniper for offtake • Responsible for H2 supply For personal use only • ~40,000 tonnes per annum H2 Supply • RFNBO compliant H2 based on EU regulations FjordH2 Export Project • Power supplied from Grid Hydropower (Å
Slide 13: 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 > Targeting maiden Technology Fees aligned with project FID/Construction decision. For personal use only Illustrative Returns (Per Supply Project - 2 x
Slide 14: Advanced design and approvals for H2 carrier
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 For personal use only Proprietary design: H2Neo Compressed Hydrogen Carrier Robotic fabrication key
Slide 15: Site Visit: Yinson, K Line, Harbour Energy
Site Visit : Yinson, “K” Line, Harbour Energy Recent site visit by key partners (November 2025) 18 Nov 2025 Site visit to Robotic Cell, Prototype Tank and fabrication demonstrating high efficiency of automation for using robotic plate handing and welding with nanometer accuracy. For personal use onl
Slide 16: Co-operation with global shipping company K Line
Co-operation with global shipping company “K” Line to accelerate commercialisation of hydrogen carriers Shipping expertise to advance commercialisation of Provaris’ H2 transport For personal use only model through financing, ownership, construction and operations > Global operator since 1919 with US
Slide 17: Development of H2 shipping charter terms and ownership model
Development of H2 shipping charter terms and ownership model Validation of Provaris’ technical and commercial model for regional shipping of H2 For personal use only • Memorandum of Understanding (MOU) established in July 2025 to deliver technical, commercial, and operational support, leveraging ext
Slide 18: LCO2 solutions for Offshore and Maritime solutions
| For personal use only LCO2 solutions for Offshore and Maritime solutions
Slide 19: CO2 sector tailwinds attracting traditional shipowners
CO2 sector tailwinds… attracting traditional shipowners ready to participate in a new maritime market; Norway 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 + Gove
Slide 20: Norway cements its leadership for sequestering CO2
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: To get CCS costs down, large scale flexible solutions are required
To get CSS costs down, large scale flexible solutions are required! Infrastructure planned can handle ≥ 10 mtpa of CO2 for the Havstjerne CCS project, Norway. For personal use only Capturing Transport CO₂ from Technology Emitter to CO2T Collection Transportation Injection of CO2 In cooperation with
Slide 22: Partnership with Yinson Production
Partnership with Yinson Production Solutions for offshore storage and injection, shipping, and barge storage solutions Leveraging Provaris IP to fast-track LCO2 designs Yinson commit to full-scale development of CCS in Norway For personal use only > Yinson Production AS - Global energy infrastructur
Slide 23: FEED advanced for LCO2 Tank and integration with Yinson FSIU
FEED advanced for LCO2 Tank and integration with Yinson FSIU Yinson funding provided through JDA terms Illustration: Yinson FSIU (100k cbm) designed with 4 25,000cbm LP LCO2 tanks Concept Design completed March 2025 demonstrated For personal use only reduction in the number tanks and hull dimensio
Slide 24: Development Milestones for both H2 & CO2
Development Milestones for both H2 & CO2 highlight extensive technical program de-risking commercial events in 2026 2025 2026 Today 2027 //….2030 H2 Oct Nov Dec Q1 Q2 Q3 Q4 Q`1 Q2 For personal use only Prototype & Class Fabrication Testing Approvals Final Class Approval H2Neo Newbuild Newbuild COD “
Slide 25: Investment Highlights
Investment Highlights • Unique Design and Fabrication IP and Solutions required to develop cost-effective supply Advanced Development of chains. Critical Solutions for Two • Hydrogen – completed FEED; attained design Class Approval; final de-risking milestone through For personal use only Markets Pr
Slide 26: Contacts
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 27: 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