Kalina Power Limited · ASX:KPO
Kalina Power — Investor Presentation (October 2025)
18 slides from Kalina Power's investor presentation, Oct 15, 2025
Slide 1: Powering the Future of AI Data Centers
Powering the Future of For personal use only AI Data Centers KALiNA Power Limited (ASX:KPO) Webinar Presentation - October 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Kalina Power Limited (“Kalina” or the “Company”). This presentation is revocation of governmental approvals; title risks; delays or unavailability in financing; failure to comply with not a prospectus, product disclosure document or other offering do
Slide 3: The convergence of data centers and power: a generational investment opportunity
For personal use only “Digital infrastructure and the need for power is one of the most exciting and critical investment themes of our time. We’re committed to being at the forefront of this megatrend…the next decade will bring tremendous value to investors who recognize the potential in this space.
Slide 4: Corporate Snapshot
For personal use only Corporate Snapshot Financial Profile1 Top Shareholders Share Price AU$0.21 SinalungaPty Ltd (HNW) 16.9% BasicShares O/S 2.93B Market Cap AU$61m Sassey Pty Ltd (HNW) 5.9% Debt AU$0.0m Ross MacLachlan (CEO) 4.3% Cash1 AU$19m Lions Bay Inc 3.6% Incentive Options 227.8m Rights Issu
Slide 5: Experienced Board of Directors and Project Development Team
Experienced Board of Directors and Project Development Team ~20 GW of global power project development (~3.5 GW for the Alberta team) Board of Directors Stephen White Ross MacLachlan Matthew Jenkins Peter Littlewood Timothy Horgan Malcolm Jacques Chairman Managing Director and CEO Executive Director
Slide 6: KPO's focus on AI data center activity
KPO’s focus on AI data center activity Addressing the surge in demand for Power by AI data centers in Alberta Opportunity Highlights Alberta KALiNA’s 100% owned subsidiary, KDP is an Alberta-based power developer with a 1.7 GW portfolio under development. Initial projects are being developed to co-s
Slide 7: Data Centers Co-Sited with Power Plants
Data Centers Co-Sited with Power Plants CO2 Stripped For personal use only Exhaust Pipeline Natural Gas Captured CO2 ~ 36,300 GJ/d Exhaust Gas Data Center CC Unit PCC Unit ~ 1730 tonnes/d ▪ Computing Equipment ▪ Gas Turbine ▪ Exhaust Gas ▪ Cooling Systems ▪ Heat Recovery Steam Cooler Electricity to
Slide 8: Recent Surge of AI Data Center activity in Alberta
Recent Surge of AI Data Center activity in Alberta Power access, land scale and tax incentives supports robust interest from potential offtakers Bring Your Own Power New Entrants to the Alberta Data Center Market “The province asks companies to ‘bring your own power’ and build their own infrastructu
Slide 9: The Looming Dispatchable Capacity Shortfall in Alberta
The Looming Dispatchable Capacity Shortfall in Alberta Data center and other load growth is driving a significant need for more dispatchable capacity – but where will it come from? Key Points Alberta has the Shortest Connection Time(1) ▪ Rapid Load Growth: Alberta is experiencing a surge in load Wit
Slide 10: Strategic Sites to Power up to 1.7 GW of AI data center activity
5 Strategic Sites to Power up to 1.7 GW of AI data center activity Clairmont – 160 Acres Myers – 65 Acres - Co Sited [3] Capacity for up to 1 x 200 MW Power-CCS Plant[1] Each Power-CCS Plant: Capacity for up to 2 x 200 MW Power-CCS Plants[1] Electrical ~ 3 km new 144 kV to existing major regional ~
Slide 11: Portfolio Details
Portfolio Details Gas-fired generation portfolio with modular design, long-term offtake and proximity to key infrastructure Portfolio Summary Portfolio Overview Commercial Structure Project Lone Pine Alsike Myers Clairmont Gilby ▪ At data center co-siting sites, the data center developer will own an
Slide 12: First mover advantage to service Growing Data Center Demand
First mover advantage to service Growing Data Center Demand Pipeline of large-scale projects highlights KDP’s status in the interconnection queue Growing Data Center Development in Alberta(1) Geographic Spread of Projects Active in the Queue Proposed Data Center Demand on Alberta Grid Project Name P
Slide 13: Construction Management and Major Equipment Procurement
Construction Management and Major Equipment Procurement PIE Procurement Strategy PIE Procurement OEM Counterparties1 Description ▪ Siemens Energy, GE Vernova, Mitsubishi Power, Wartsila and Counterparties For personal use only others ▪ Siemens is a world-class equipment ▪ GE Vernova is a global lead
Slide 14: Long-term Offtake and Gas Supply Overview
Long-term Offtake and Gas Supply Overview Commercial offtake strategy provides projects with stabilized cash flows and de-risks commodity price exposure Offtake Strategy & Gas Supply ▪ Entire Portfolio will have indicative Power Purchase Agreements (“PPA”) with an investment grade or otherwise credi
Slide 15: KPO's Commercial Interest & Funding Strategies
KPO’s Commercial Interest & Funding Strategies Investment Strategy Financing Pre FID Costs (Pre-FEED & FEED) ▪ Developing projects through Pre-FEED, For personal use only Pre-FEED & FEED costs will be financed through the most accretive FEED and construction of: ▪ Anticipated contributions from ▪ In
Slide 16: Transaction Structure Overview
Transaction Structure Overview Overview of indicative transaction structure and development capital needs for the Portfolio Key Points Illustrative Transaction Structure Through Project Stallion, KDP is seeking strategic pre-FID investment to develop its Portfolio. CAPEX of each initial 200 MW Combi
Slide 17: Timeline to FID
Timeline to FID Overview of key milestones to achieve FID for the Portfolio Key Points Pre-FEED Stage – FEED Stage – ▪ The funding plan is structured to Q2 2025 – Q2 2026 Q3 2026 – Q2 2027 progressively de-risk the Portfolio, for the 5 projects in the Portfolio For primary 3 projects to be advanced
Slide 18: Multiple Near Term Value Drivers
Multiple Near Term Value Drivers New York Investment bank PEI Global Partners along with Western Canadian Investment bank, Moneta Securities, co- leading a financing at KDP level to finance Pre-Feed and Feed capital needs For personal use only Considering the sale of one or more projects to capitali