Slide 1: Management Update
Management Update August 9, 2022 TSXV: NHHH • OTCQB: NHHHF
Slide 2: Land Acknowledgement
Land Acknowledgement We want to acknowledge that we are on the traditional territories of multiple Indigenous Peoples. We recognize their presence both in the past and the present. Acknowledging them also reminds us of our important connection to this land where we learn and work.
Slide 3: Disclaimer
Disclaimer Certain statements and documents referred to in this presentation, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as "may", "would", "could", "wil
Slide 4: Agenda
Agenda • Who we are and our lead product • Status of first demonstration pilot • Time to market • Validation • Scaling up • Pre-sales and price • Emerging market TSXV: NHHH • OTCQB: NHHHF
Slide 5: FuelPositive
FuelPositive • Canadian-based technology, growth stage company, operating internationally • Identifying practical solutions • Clean • Sustainable • Economically viable • Can be implemented now • Lead product is an onsite, containerized green hydrogen and ammonia production system TSXV: NHHH • OTCQB:
Slide 6: Green Ammonia (NH3) uses
elective Ammonia (NH3) cD f 1 Grey (Traditional) Green Ammonia Ammonia (Additional Uses) )Fertlzers | Fool Switching Ammonia Combustion Engine /Turbine Pharmaceuticals Ammonia Fuel Cells | Mining | Ammonia Fel Cols (Sold Oxide Fue Cll) Other Industrial Energy Storage Ammonia Fuel Cells (Alkaline Fue
Slide 7: Grey Ammonia Emissions
iN ae fietsie Grey Ammonia Emissions 2.867 Tonnes (Global Average) of CO2e are Emitted for Every Tonne of Ammonia Produced issi Huge Emissions From Tr 1 Plus CO2e Emissions Direct CO2e Emissions From Combustion | 2 eee eee from Fossil Fuel of Coal, Nophtha and Natural Gas Extraction and Refining Pip
Slide 8: Tracy & Curtis Hiebert
Tracy & Curtis Hiebert Marek to take a picture of them. I’ve placed this slide here to personalize the challenges of the supply chain.
Slide 9: Our System
se fielrsive Qur System Air Ammonia (Nitrogen) . 2 ee ~ Tank(s mas aps gs ’ Converter Source of Sustainable Power Water
Slide 10: System Specs
System Specs • 300 kg/day (100 tonnes/year) of green anhydrous ammonia • 476 kg/day of water • A 1-megawatt solar array with storage, taking the space of a football field, would power the system off-grid • Operating costs expected to be around $560/tonne as announced in November 2021 • Depending on
Slide 11: The FuelPositive System Generates ZERO CO2e Emissions
wi ame fuetexee The FuelPositive System Generates ZERO CO,¢ Emissions Standby Electrical Energy Storage an Fertilizer Generation Greenhouses iy CO
Slide 12: Demonstration Objectives
Demonstration Objectives 1. Produce green ammonia for fertilizer a. Using purchased hydrogen and nitrogen extractors b. Larger configuration (3 containers) c. Cold and hot weather testing 2. Smaller footprint a. Improved hydrogen unit b. Additional Outputs 3. Further refinements, followed by larger
Slide 13: Time to Market
Time to Market • Supply chain delays • Facility availability • Built-in mitigation plans • Staggered validation has begun • Expect to be completed in November • On farm after that • Building a fully climatized "Real World System" NOW. TSXV: NHHH • OTCQB: NHHHF
Slide 14: Supply Chain Delays
Supply Chain Delays • Hydrogen system • 100% complete • March > June • Nitrogen system • 100% complete • April > August • Both fully validated in factory • Represents over 60% of validation already done • Ahead of schedule TSXV: NHHH • OTCQB: NHHHF
Slide 15: Converter
Converter • Our patent-pending technology • Technology is going to plan • Converter Module nearing completion. • Mitigation plans included and continue to include • Sourcing and validating new suppliers • Moving some manufacturing in- house • Validating technology in stages TSXV: NHHH • OTCQB: NHHHF
Slide 16: Validation
Validation • Purity, energy consumption, rate of production, safety • Standard gage repeatability and reproducibility process • Three different sources • Perform in stages to isolate any possible problems • Extends to suppliers and equipment TSXV: NHHH • OTCQB: NHHHF
Slide 17: Scaling Up
Scaling Up • Suppliers must scale up with us • Local supply chain • Building robotics simultaneously with building new mass manufacturing facility TSXV: NHHH • OTCQB: NHHHF
Slide 18: Hiring Since AGM
Hiring Since AGM • Positions posted • HR Specialist • Administrative Coordinator • Tool Technician • Chemical Engineer • Business Research Co-op Worker • Project Manager • Design & Innovation Mechanical and Project Execution Manager • Business Operations Student • Industrial Controls Technician • El
Slide 19: Premises
Premises • Catalyst Building, Kitchener • Initial office / lab / design space in business centre • 99 Northland, Waterloo • Design & Integration, Lab and Assembly • Secured location Waterloo • Batch / then serial manufacturing factory • Up to 140,000 square feet Secured Aprox. 100 Acre Rural Test Si
Slide 20: Demo Site Prep and Install
Demo Site Prep and Install • Site selection to satisfy regulatory setbacks for anhydrous ammonia storage, acquire all permits. • Site preparation, grading • Install production system and bulk storage • Site perimeter fencing, bollards, security and surveillance • Install lighting and signage • Train
Slide 21: TSXV: NHHH • OTCQB: NHHHF
TSXV: NHHH • OTCQB: NHHHF
Slide 22: Launching Pre-Sale Orders
Launching Pre-Sale Orders Enables Sales & Operational Planning • Manufacturing capacity planning • Material & labor plans • Order fulfillment plans Consultative sales process • Tailored proposal to individual farm • Support farm preparation for installation Base system price of $950,000 CDN • Option
Slide 23: Making Early Adoption Easy
Making Early Adoption Easy • Capitalizing on government clean tech adoption programs • Accelerated depreciation and other tax incentives • Forming Strategic partnerships with financial institutions • Seeking forms of accreditation for using green ammonia to be used by farmers for economic and market
Slide 24: Emerging Market
Emerging Market • Controlled Environment Agriculture • Our systems are ideal to support controlled environments • New Advisor • Lenore Newman • University of the Fraser Valley • New Partnership • Controlled Environment Systems Research Facility, University of Guelph TSXV: NHHH • OTCQB: NHHHF
Slide 25: In Summary
In Summary • Non-provisional patent filed • Robust, highly experienced, growing team • Growing roster of Advisors providing depth of knowledge and guidance • Validation of first demonstration system to be completed in November • Farm partner actively preparing • Pre-Sales • Exploring new opportuniti
Slide 26: Share Metrics
Share Metrics Trading History – 3 Months Capital structure TSXV: NHHH • OTCQB: NHHHF Share Price C$0.22 52-Week Price Range C$0.11 - C$0.295 Market Cap C$73.8172 M Shares Outstanding (Basic) 351,219,146 Warrants 49,637,641 Other Obligations to Issue Common Shares Nil Options 17,612,500 Fully Diluted
Slide 27: Your Questions
Your Questions Mr. Ian Clifford Chief Executive Officer investors@fuelpositive.com www.fuelpositive.com Investor Relations RBMG – RB Milestone Group LLC Trevor Brucato, Managing Director fuelpositive@rbmilestone.com www.rbmilestone.com TSXV: NHHH • OTCQB: NHHHF 27