Energypathways Plc · LSE:EPP
Energypathways — Investor Presentation (December 2023)
15 slides from Energypathways's investor presentation, December 2023
Slide 1: Delivering Clean, Home-Grown Energy for Britain
Delivering Clean, Home-Grown Energy for Britain December 2023 RTO with Dial Square Investments plc and Placing to raise £2 million
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. Neither this
Slide 3: Placing and Marram Key Figures
Existing Shares £2.0m 4p >85% IPO Raise IPO Price Locked In* Up to On Admission Marram Gas Project £6.3m £100+m 2 TCF Low emission, Market Cap NPV10 gas resource potential * Combined firm lock-ins (~7!%) and Orderly Market Agreements,(14%)
Slide 4: Unique and Relevant High Value Investment Opportunity
Unique and Relevant High Value Investment Opportunity DOMESTIC GAS SUPPLY WILL HAVE A CRITICAL ROLE TO PLAY IN UK’S ENERGY SECURITY AND TRANSITION TO NET ZERO…. Delivering near term energy security for UK... "....we remain absolutely committed to INITIAL FOCUS ON MARRAM GAS FIELD DEVELOPMENT IN UK I
Slide 5: Experienced Board and Management Team
Experienced Board and Management Team BOARD & MANAGEMENT – INTEGRATED ENERGY TEAM WITH SUCCESSFUL TRACK RECORD BOARD OF DIRECTORS MANAGEMENT Mark Steeves Ben Clube Peter Nicholls Chairman* CEO Geoscience Manager 40 years’ experience in energy service sectors, 25 years’ experience in development, pro
Slide 6: Gas will be critical in UK's energy transition
Gas will be critical in UK’s energy transition GAS IS A MAJOR ENERGY SUPPLY IN UK MARKET • Gas currently supplies ~43% of UK primary energy • 85% UK homes reliant on gas for heating • UK’s electricity market is ~40% generated by gas-fired power • UK gas demand set to remain robust for decades to com
Slide 7: Marram - A "Ready To Go" Gas Development
Marram - A “Ready To Go” Gas Development Skeddan HIGH VALUE, LOW EMISSION GAS PROJECT CAPABLE OF DELIVERING HIGH RETURNS AND FAST PAYBACK FOR SHAREHOLDERS…. Rampside Gas Plant/ Castletown Roosecote Battery Knox Storage LOW RISK PATH TO EARLY PRODUCTION Lowry Heysham Substation/ Battery Storage Disco
Slide 8: Compelling and Robust Economics
Compelling and Robust Economics ROBUST, HIGH VALUE, RAPID RETURN PROJECT NPV OF RESERVES + CONTINGENT RESOURCES PRICE SENSITIVITIES - 2P + 2C RESERVES (£M)1 (£M)2 • NPV10 = ~£102m1 140 120 • On admission RTO value ~£6.3m 120 • Payback = <12 months2 100 23 100 NPV10 @FID £m NPV10 @FID £m • IRR = 70+%
Slide 9: Marram Subsurface
Marram Subsurface 3D IMAGE OF THE MARRAM STRUCTURE HIGH CONFIDENCE IN RESOURCE VOLUMES AND DELIVERABILITY • Good subsurface definition • Simple tilted fault block structure • Ormskirk Aeolian sandstone reservoirs with good porosity and permeability • Nearby analogues with high recovery factors (~85%
Slide 10: Marram Development Concept
Marram Development Concept SIMPLE LOW-COST TIE BACK DEVELOPMENT • Shallow water development (15-20m) • 2 horizontal wells (900m TD, 300m horizontal sections) • Subsea tie-back, pipeline and umbilical ./'85(1<%&'()* Whitbeck Well kL ine T run be • Tie back to existing infrastructure (distance ~15-20k
Slide 11: Follow-up Gas Development and Energy Integration Growth
Follow-up Gas Development and Energy Integration Growth OPPORTUNITIES TO REPLICATE MARRAM RAMPSIDE GAS • Castletown discovery (93 BCF)1 CO2 STORAGE AND PLANT + GRID BATTERY SHIPPING RECEPTION • Peel, Doyle step out prospects (62 BCF)2 • UK 33rd Licencing round application submitted • Knox and Lowry
Slide 12: Use of Funds and Capital Structure
Use of Funds and Capital Structure Category £m Comment Use of Funds Gross Funds to be Raised 2.0 • Pre-development activities to FID - development optimisation, FEED Application of funds: • NBD - Build gas resource base, evaluate energy transition potential Financing fees 0.4 RTO, Legal, accounting,
Slide 13: Investment Summary
Investment Summary Macro Follow up near term gas projects ~130 BCF • Domestic gas will have critical role in UK’s energy security and net zero • Knox, Lowry, Castletown fields - short cycle, high value potential - similar to Marram transition for decades to come • Early mover position • UK energy pr
Slide 14: Delivering Clean, Home-Grown Energy for Britain
Delivering Clean, Home-Grown Energy for Britain Economic Reduced Sustainability Innovation Carbon Energy
Slide 15: EnergyPathways Vision - Pathway to Net Zero
EnergyPathways Vision An Integrated Energy Transition Company.… VISION ESG ENERGY TRANSITION COMMITTEE EnergyPathways plans to generate shareholder value by playing a pivotal • EnergyPathways plans to establish an energy transition advisory role in providing the UK with energy security and net zero
EnergyPathways — Investor Presentation (December 2023) on 6ix