Qpm Energy Limited · ASX:QPM
Qpm Energy — Investor Presentation (June 2025)
52 slides from Qpm Energy's investor presentation, Jun 30, 2025
Slide 1: QPM Energy Limited: Equity Raise Presentation
QPM Energy Limited Launch of Isaac Energy Hub: Stage 1 112MW Isaac Power Station Equity Raise Presentation PRESENTATION | 30 June 2025 | ASX:QPM | qpmenergy.com.au
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers COMPANY DISCLAIMER: The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own exami
Slide 3: Important Notices and Disclaimers
Important Notices and Disclaimers Joint Lead Manager Disclaimer and Disclosure: No party other than QPM Energy Limited (“QPM”) has authorised, permitted or caused the issue, submission, dispatch or provision of this Presentation and do not make or purport to make any statement in this Presentation.
Slide 4: QPM Energy Ltd – Qld's Emerging Utility
QPM Energy Ltd – Qld’s Emerging Utility QPM Energy Ltd (ASX:QPM) is a uniquely positioned, integrated energy utility Integrated – from molecule to electron… – Gas reserves – 435PJ 2P Reserves – Managed gas production – 125 -130 producing wells producing ~27-30TJ / day (11 PJ / year) – Gas supply,
Slide 5: Investment Highlights - 1
Investment Highlights - 1 QPM’s earnings are driven by electricity generation and sales underpinned by very long-term, cost- effective gas supply and reserves QPM is a unique, integrated energy utility provider servicing the full value chain from gas production to Growing integrated electricity di
Slide 6: Investment Highlights - 2
Investment Highlights - 2 QPM’s earnings are driven by electricity generation and sales underpinned by very long-term, cost- effective gas supply and reserves Growing instability across the East Coast NEM to underpin attractive electricity prices resulting in strong netback gas prices Strong marke
Slide 7: QPM is a growing integrated energy utility
QPM is a growing integrated energy utility QPM is targeting to have 500MW of electricity generation capacity under its control 0 MW 100 MW 200 MW 300 MW 400 MW 500 MW TPS MPS IPS Stage 1 IPS Stage 2 / IEH Bess / Other generation Townsville Power Station Moranbah Power Station Isaac Power Station (IP
Slide 8: ...with substantial revenue growth potential
…with substantial revenue growth potential By building out its electricity generation capacity, QPM is positioning itself as a utility with electricity sales dominating its overall revenue contribution Forecasted Gas and Electricity Sales Uplift ($m) Forecasted annual revenue from planned ~100MW / 4
Slide 9: Underpinned by substantial 2P Reserves
Underpinned by substantial 2P Reserves QPM has added 165PJ of 2P Reserves since acquisition, with ~300PJ available for electricity generation MGP 2P Reserve Growth (PJ) MGP has 435PJ* of 2P reserves independently certified by Netherland Sewell & Associates as at 30 April 2025 165PJ Increase Since
Slide 10: Attractively positioned against gas peers
Attractively positioned against gas peers QPM is an emerging utility that is uniquely underpinned by significant gas reserves that are attractively valued against other gas companies Peer 2P Reserves1 Peer Market Capitalisations2 250 18,778 11,388 6,781 4,000 Oil & Gas 205 Utilities 200 3,500 3091 2
Slide 11: Isaac Energy Hub Stage 1 112MW Isaac Power Station
Isaac Energy Hub Stage 1 112MW Isaac Power Station
Slide 12: Isaac Energy Hub – supporting Queensland's energy transition
Isaac Energy Hub – supporting Queensland’s energy transition QPM is developing the Isaac Energy Hub to deliver critical support for Queensland’s Energy Transition Isaac Energy Hub 1 2 3 Gas Production Gas Management Stage 1 IPS Stage 2 IPS + IEH BESS Moranbah Gas Project / Other IEH generation 435
Slide 13: 112MW IPS Feasibility Study – Operating Parameters
112MW IPS Feasibility Study – Operating Parameters IPS Stage 1 Operating Parameters Units Output Proposed IEH Layout Nameplate generation capacity MW 111.6 Modelled Life Years 30+ Hourly Gas Consumption TJ/hour 1.0-1.1 Daily Gas Supply TJ/day 11 Annual Gas Usage PJ 4.0 Daily Operating Hours hours 10
Slide 14: 112MW IPS Feasibility Study Outcomes – Capital Costs
112MW IPS Feasibility Study Outcomes – Capital Costs Fixed price contracts underpin the majority of the capital cost estimate The IPS will be co-located with QPM’s existing gas Feasibility Study Capex Estimate1 Units Output processing and compression infrastructure on a Capital Costs brownfield si
Slide 15: 112MW IPS Feasibility Study Outcomes – Attractive Economics
112MW IPS Feasibility Study Outcomes - Attractive Economics The IPS delivers robust standalone financial returns Feasibility Study Financials (Real basis) Units Output Will contribute to strong growth in QPM’s revenue and Price Assumptions1 / Revenue earnings 4 Hour Peak Power Price $/MWh 227-264
Slide 16: IPS stage 1 gas turbines secured
IPS stage 1 gas turbines secured QPM has entered into a fixed price contract to acquire 2 x 55.8MW gas fired turbines from GE Vernova Stage 1 of the IPS will involve the installation of 2 x GE Vernova LM6000 aeroderivative gas turbines Proven, conventional technology with 1,200 units installed g
Slide 17: Implied Historical Performance
Implied Historical Performance Based on actual historical Qld electricity prices, the IPS would have outperformed feasibility projections Implied IPS Revenue Based on Historical Qld Electricity Prices1 The forecast average annual revenue per the feasibility study for the IPS is A$71.4 million 92.0
Slide 18: Well-positioned to capture attractive market dynamics
Well-positioned to capture attractive market dynamics $59/MWh SRMC allows the IPS can be dispatched over a longer window vs other gas fired power stations Average Qld Electricity Price per settlement period since 2022 700 Average FY22-FY25 SRMC Daily peak electricity demand typically occurs after su
Slide 19: Next Steps – IPS Development Pathway
Next Steps – IPS Development Pathway Targeting FID Q4 2025 for commissioning mid 2027 Area Status Gas Turbine Procurement Completed – 2 x turbines secured under contract with GE Vernova Approvals Approvals process is in progress with air, water, noise and cultural heritage studies complete Pow
Slide 20: Next Steps – Project Financing
Next Steps – Project Financing High quality project with robust cashflows and debt capacity High quality feasibility study with attractive financial outcomes provides a strong platform to secure an attractive, low-cost funding package QPM has appointed RBC Capital Markets as its financial advise
Slide 21: Meeting Government Objectives
Meeting Government Objectives With Turbines secured, QPM has a significant advantage over other developing gas fired projects The Hon Madeleine King MP The Hon David Janetzki Minster for Resources and Minister for Treasurer and Minister for Energy Northern Australia Quote regarding Queensland 5 Year
Slide 22: Track Record of Delivery
Track Record of Delivery Since acquiring the MGP, QPM has had a successful track record of delivering project milestones Month Achieved Aug-23 Apr-24 Apr-25 Jun-25 Jul-25 Oct-25 Jul-27 Months from MGP Acquisition 0 8 20 22 23 26 47 Milestone Status MGP Acquisition Complete Operations Turnaround Ongo
Slide 23: Providing a home for stranded gas
Commercial in confidence Providing a home for stranded gas The IPS will provide pathway for beneficial use of waste coal mine gas in the Bowen Basin The MGP is located in the northern Bowen Basin, in the center of a number of major steel making coal mining operations. QPM’s gas gathering system
Slide 24: Operational Update
Om ENERGY | Operational Update
Slide 25: TPS Update and outlook
TPS Update and outlook The Townsville Power Station is on track to return to service in July TPS Overhaul / TPS overhaul commenced at the end of March 2025 and in line with previous market disclosure, remains on track for return Field Operations to service in July The major overhaul will allow t
Slide 26: QPM FY26 Guidance
QPM FY26 Guidance FY26 will mark the commencement of new key operating FY2026 Guidance1 Units Lower Upper agreements relating to TPS and NQGP, significantly lowering Total gas supply PJ 10.6 11.3 QPM’s costs: 83% reduction in total fixed costs Daily average gas supply TJ/d 29 31 Revenue sharin
Slide 27: Equity Raise Overview
Om ENERGY | Equity Raise Overview
Slide 28: Equity Raise Overview
Equity Raise Overview • QPM is conducting the Offer to raise approximately $12 million (before costs), comprising: Offer size and • A placement to raise approximately $10 million via the issue of approximately 322.6 million fully paid ordinary shares (“New Shares”) pursuant to the structure Company’
Slide 29: Indicative Timetable
Indicative Timetable Indicative Offer timetable Event Date (AEST) Record date for eligibility to participate in SPP 7:00pm, Friday, 27 June Trading Halt Thursday, 26 June Trading half lifted and announcement of completion of Placement Monday, 30 June Settlement of New Shares under the Placement Thur
Slide 30: Introduction to QPM
@) OPM Jy aan Introduction to QPM
Slide 31: QPM Corporate Snapshot
QPM Corporate Snapshot Share price Market cap. Shares on issue Cash Gas + Elec Sales $3.6c $90.9m 2,525m $20.0m $76m As at 25 June 2025 As at 25 June 2025 As at 25 June 2025 ($2.8 restricted) 9 months to 31 March 2025 As at 18 June 2025 Board of Directors LTM Share Price Performance Share Price (A$)
Slide 32: QPM Energy Ltd
QPM Energy Ltd QPM Energy Ltd (ASX:QPM) is a unique, integrated energy utility Significant production and reserves – 4 Petroleum Leases in the Moranbah area covering 490 km2 – Targeting ramp up to 30+TJ / day (11 PJ / year) after recent field turndown – ~130 producing wells – 435PJ 2P reserves with
Slide 33: The challenge…
The challenge… QPM is targeting growing its electricity generation capacity in order to monetise is substantial gas reserves QPM’s challenge is to accelerate commercialisation of it’s uncontracted reserve base - at current production of ~10-11PJ / year, QPM has ~40 years of 2P reserve life.= Wha
Slide 34: Growing demand for integrated utilities
Growing demand for integrated utilities In June 2025, KKR acquired Zenith Energy and its 700MW generation portfolio for $1.7 billion KKR Acquisition of Zenith Energy Overview of In June 2025, KKR announced the signing of definitive agreements to acquire Zenith Energy, a leading independent power t
Slide 35: Appendix A – Market Dynamics
Om ENERGY | Appendix A — Market Dynamics
Slide 36: The economics of molecules to electrons
The economics of molecules to electrons Generating electricity during peak periods results in strong netback gas pricing for QPM QPM has realised an average price of $20.26/GJ for QPM TPS Realised Netback vs Wallumbilla Hub Benchmark gas used by TPS to generated electricity since Sep 80 2023. Th
Slide 37: Queensland electricity pricing part 1
Queensland electricity pricing part 1…. The unintended consequences of Queensland’s solar power penetration Solar dominates generation during the day forcing coal and gas to ramp down, but… Towards sunset solar disappears and coal, gas and hydro have to ramp up quickly to meet peak demand Gas Fi
Slide 38: Queensland electricity pricing part 2
Queensland electricity pricing part 2….. Gas fired generation will be critical to support the energy transition The Queensland grid struggles to meet current peak demand events what happens when a further 2,600MW to 3,000MW of demand is required by Jan 2030? More generation and storage is needed
Slide 39: Implications
Implications QPM’s position as an emerging utility will ensure it can capitalise on volatility in future electricity prices Over at least the next 5 years the drivers of the Queensland electricity generation / demand mix is likely to support: Continued volatility of the daily price curve with lowe
Slide 40: Appendix B – MGP Reserve Statement
Appendix B – MGP Reserve Statement
Slide 41: MGP Project Reserves
MGP Project Reserves Gas Reserves1 The estimated proved and probable reserves, evaluated as of 30 April 2025, are contained within granted Gross (100%) Net2 Petroleum Leases PLs 191, 196, 223 and 224, referred to as the Moranbah Project, located in the Bowen Basin of Category / Subclass (BCF) (PJ) (
Slide 42: Appendix C – Key Risks
Om ENERGY | Appendix C — Key Risks
Slide 43: Key Risks
Key Risks You should be aware that an investment in New Shares involves various risks. This section sets out some of the key risks associated with an investment in New Shares. A number of risks and uncertainties, which are both specific to QPM, and of a more general nature, may adversely affect the
Slide 44: Key Risks (Cont.)
Key Risks (Cont.) Cont. Environmental bond QPM is the holder of a resource activity environmental authority (EA) over the Moranbah Gas Project. As required under the Mineral and Energy Resources (Financial Provisioning) Act 2018 (Qld), where the estimated environmental rehabilitation costs is in exc
Slide 45: Key Risks (Cont.)
Key Risks (Cont.) Cont, Approvals QPM is in the process of securing regulatory approvals to construct the IPS. These approvals have not yet been granted. Delays to receiving these approvals, or not receiving them at all, could have a material and adverse impact to the IPS project schedule / costs. P
Slide 46: Key Risks (Cont.)
Key Risks (Cont.) GENERAL BUSINESS RISKS Occupational health and safety risks QPM’s business will become increasingly exposed to occupational health and safety issues, including the risk of workplace injuries (or death) which may result in workers’ compensation claims, related common law claims and
Slide 47: Key Risks (Cont.)
Key Risks (Cont.) Cont. Market risk As with all stock market investments, there are risks associated with an investment in QPM. Share prices may rise or fall and the price of QPM shares might trade below or above the issue price for the new shares the subject of this offer. The price at which QPM sh
Slide 48: Appendix D – International Offer Jurisdictions
Appendix D – International Offer Jurisdictions
Slide 49: International Offer Jurisdictions
International Offer Jurisdictions This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside Au
Slide 50: International Offer Jurisdictions (cont.)
International Offer Jurisdictions (cont.) European Union (excluding Austria) This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, i
Slide 51: International Offer Jurisdictions (cont.)
International Offer Jurisdictions (cont.) Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange or on any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing mate
Slide 52: Contact Us
Contact Us Level 10 307 Queen St Brisbane QLD 4000 David Wrench Chief Executive Officer QPM Energy Limited ASX:QPM T: +61 7 3517 5900 E: info@qpmenergy.com.au