Jericho Energy Ventures Inc · TSXV:JEV
Jericho Energy Ventures — Investor Presentation (December 2024)
25 slides from Jericho Energy Ventures's investor presentation, December 2024
Slide 1: Advancing the Energy Transition
ADVANCING THE ENERGY TRANSITION TSXV JEV | OTC JROOF | FRA JLM DECEMBER 2024
Slide 2: Disclaimer
DISCLAIMER IMPORTANT YOU MUST READ THE FOLLOWING BEFORE CONTINUING The information contained in this document has been prepared by Jericho Energy Ventures, Inc. (the “Company” or “SpinCo”) and contains confidential information pertaining to the business, operations and assets of the Company. The inf
Slide 3: Disclaimer
DISCLAIMER Although the Company has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as an
Slide 4: Mission Statement
MISSION STATEMENT • A Dedicated Hydrogen Solution Company Enabling Low-Cost, Industrial Decarbonization • One Focus: • Developing and delivering the most energy efficient and reliable hydrogen solutions for real-world industrial and commercial applications • Two Advantaged Products: • Zero-Emission
Slide 5: Market Opportunity
MARKET OPPORTUNITY PUBLIC POLICY STRONG GOVERNMENT INCENTIVES U.S. passed the most consequential piece of hydrogen legislation in the Countries plus the EU have adopted the Paris Climate world with its Clean Hydrogen Production Tax Credit PTC worth up to Accord $3/kg • Equivalent to $22/MMBtu natura
Slide 6: Investment Case: Comparative Solar Investment Case
INVESTMENT CASE Comparatve Solar Investment Case IRR analysis vs Time & Money) $6.00 300 Renewable Returns and Prices Correlate - High Returns 30% IRR during High-Cost Periods 2010 $5.00 250 Unitited States) $4.00 200 Cost $ /100 MW Installed Solar Capacity GW $3.00 150 $2.00 100 TODAY’S RETURNS 8%
Slide 7: Hydrogen Early Days Looks a Lot Like Solar
HYDROGEN EARLY DAYS LOOKS A LOT LIKE SOLAR • Management believes the Prime investment period for Hydrogen is now, as it offers a similar investment case to Solar with a target IRR 30% based on the technology curve • 2030 represents the inflection point to begin moving to the flattened cost curve, of
Slide 8: Management and Expertise
MANAGEMENT AND EXPERTISE BRIAN WILLIAMSON BEN HOLMAN DEAN MORETTON RYAN BREEN CEO, Director CFO, Director Chief Commercial Officer Head of Corporate Strategy • Spent 20 years at various financial • Experienced financial leader with 18 years • 30 Year Energy Industry Executive • Drives company-wide s
Slide 9: Backed by Key Shareholders
BACKED BY KEY SHAREHOLDERS • Edward Breen Breen Family) Chairman and CEO Dupont NYSE DD , former Chairman and CEO Tyco International. Lead Independent Director Comcast • Belzberg Family Strauss Zelnick) CEO Take-Two Interactive NASDAQ TTWO Balfour Holdings, Real Estate Development. Former Chairman C
Slide 10: The Hydrogen Value Chain Portfolio
THE HYDROGEN VALUE CHAIN PORTFOLIO Zero Emissions Hydrogen Boiler and Direct- AI Driven Electro-Catalyst Fire Burner Discovery • 100% Owned and Operated • Co-Led Minority Investment Stake Majority Owned Minority Owned High Temp Alkaline Electrolyser w/ Pulse Membrane-less, high pressure Electrolyser
Slide 11: Hydrogen Technologies
l4Y DROGEN VWTECHNOLOGIES
Slide 12: The Foundation: We Check the Boxes
THE FOUNDATION WE CHECK THE BOXES! • IP Protected: Hydrogen Combustion Technology required for steam and direct-fired applications that produce ZERO emissions $30bn market across Disruptive Technology multiple industries • Market Size: $30bn industrial steam and direct-fired market across Food & Bev
Slide 13: Partners Underpin Growth & Asset Lite Model
PARTNERS UNDERPIN GROWTH & ASSET LITE MODEL • World leading manufacturer of industrial boilers and boiler room • Heat technology conglomerate with diverse range of industrial equipment (founded in 1917 burners and thermal accessories across five portfolio companies (founded 1896 • MOU to establish c
Slide 14: Sales Strategy & Value Chain Opportunity
SALES STRATEGY & VALUE CHAIN OPPORTUNITY • 1 10 50 Deployment Potential • Focuses sales team efforts on scalable clients or geographies • E.g., Fortune1000 Co. / Industrial Parks • Target C Suite / Sustainability Officer with aggressive 2030 targets • “Paid For” Feasibility Study narrows the funnel
Slide 15: ETNA Solutions
E / | IA Solutions
Slide 16: What We Built
WHAT WE BUILT • Leverages decades of published research and industrial Demonstrated 25% reduction in levelized cost of green hydrogen deployment of alkaline electrolyzers. • Employs novel materials and controls to enable high temperature operation. • Leverages unique power delivery system borrowed f
Slide 17: Yields Immense Benefits
YIELDS IMMENSE BENEFITS Conventional 156 kg/day) HOT E 210 Renewable kg/day) Production 30 $9.40/KG Renewable tied 0.4 cf) HOT E $7.71/KG 20 210 kg/day $5.79/KG Alkaline 156 kg/day PEM 10 Alkaline HOT E 5 10 15 20 35% more Hydrogen throughput 1 MW electrolyzer, 2 MW solar array 25% Lower LCOH2 All m
Slide 18: Delivering the Lowest Levelized Cost of Green Hydrogen
DELIVERING THE LOWEST LEVELIZED COST OF GREEN HYDROGEN All metrics driven by empirical test data from ETNA’s HOT -E prototype at UCSB’s California NanoSystems Institute Continuous Operation (1.0 cf) $5.23/KG 60 %LHV $4.29/KG Alkaline HOT-E $3.78/KG PEM Alkaline HOT-E CONVENTIONAL 77%LHV HOT-E Dynami
Slide 19: Market Leading Cost of Green Hydrogen, Without Compromise
MARKET LEADING COST OF GREEN HYDROGEN, WITHOUT COMPROMISE Alkaline PEM AEM SOEC ETNA HOT E Conventional Capex Medium Medium High Low Low Opex Low Low Low Medium Low Levelized Cost of Hydrogen High High Medium Low Lowest Dynamic Operating Range Medium Medium High Low High Stack life Short Short Mediu
Slide 20: A Clear and Rapid Roadmap to Value Creation
A CLEAR AND RAPID ROADMAP TO VALUE CREATION 1 Deliver MVP at demo scale • Install a 10 kW HOT E MVP with 3 cells using all production/COTS components • Use a design and form factor that are scalable to 1MW without fundamental architecture changes • Validate performance, including accelerated life cy
Slide 21: Minority Stake Investments
MINORITY STAKE INVESTMENTS 21
Slide 22: Venture Portfolio
VENTURE PORTFOLIO • Ownership: 7% • Ownership: 11% • Product: Electrocatalyst discovery platform enabling low-cost PEM • Product: High-pressure, membraneless electrolyser utilizing electrolyser systems w/o scare resources supercritical water • Background Caltech spin-out using AI-driven chemistry; o
Slide 23: Eagle Road Oil
EAGLE ROAD OIL 23
Slide 24: Portfolio Growth Driver and Catalyst: Eagle Road Oil
PORTFOLIO GROWTH DRIVER AND CATALYST EAGLE ROAD OIL TOTAL ASSETS 01 Average 12 Month Prod: 318 BOPD, 1062 MCFD 02 Well Status: 65 Active PDP Cases 03 Average NRI 80% 04 Acreage: 41,000 05 Total Proved PV10 $32.4mm* Oil & Gas Assets 06 Total Proved Reserves: 1,622 Mbo, 2,317 Mmcf, 266 Mbbls NGL *PV10
Slide 25: Evolving Growth in the Energy Transition
EVOLVING GROWTH IN THE ENERGY TRANSITION Hydrocarbon Success Presents Growth Part of Opportunities MachH2 & Clinches PNWH2 DOE Patent for HUBS Calicat DCCTM Partnership Boiler Jericho goes Buildout in Superior Public Clean Boiler MOU Boiler for DCCTM Mid-Continent Energy Chosen by Construction Oil &
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