Crown LNG Holdings Limited · OTC:CGBSF
Crown LNG — Investor Presentation (January 2025)
21 slides from Crown LNG's investor presentation, Jan 28, 2025
Slide 1: Leading Provider of All-Weather LNG Infrastructure
Exhibit 99.1 Nasdaq: CGBS Leading Provider of All-Weather LNG Infrastructure INVESTOR PRESENTATION January 2025
Slide 2: Disclaimer
DISCLAIMER About this Presentation This presentation has been prepared by Crown LNG Holdings Limited (“Crown” or the “Company”) solely for informational purposes based on data obtained and prepared by the Company. The information contained in this presentation has been prepared to assist parties who
Slide 3: About Crown LNG
ABOUT CROWN LNG Unique Opportunity to Invest in Rapidly Growing Global LNG Demand • Leading provider of all-weather critical offshore LNG infrastructure Vision Enhancing energy security & supporting a solutions for year-round operations in harsh weather locations responsible green energy transition
Slide 4: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Provider of all-weather LNG infrastructure focused on high-growth demand markets Macro Tailwinds Driving Global LNG Demand Dramatic increase in transition fuel demand and energy security concerns driving need for LNG infrastructure globally Significant Intrinsic Value in Fu
Slide 5: Where Crown Fits in the LNG Value Chain
WHERE CROWN FITS IN THE LNG VALUE CHAIN Enabling Critical Access to LNG Near High Growth Demand Centers, in Harsh Weather Regions PRODUCTION LIQUEFACTION TRANSPORTATION REGASIFICATION CONSUMPTION Natural gas is turned into Liquid natural gas is turned liquid for shipping back into gaseous state and
Slide 6: Crown's Anchor Project Pipeline
CROWN’S ANCHOR PROJECT PIPELINE Crown’s anchor regasification projects offer near-term catalysts and are approaching FID Kakinada, India Grangemouth, Scotland Exclusive opportunity to deploy a floating storage Unique gravity-based structure and regasification and regasification unit (“FSRU”) to addr
Slide 7: Kakinada LNG Summary
http://environmentclearance.nic.in/proposal_status.aspx KAKINADA LNG SUMMARY Crown’s flagship project in India is on track for FID in 2026 and First Gas in 2029 Key Project Attributes Preparations to FID ✓ Location identified 19km offshore with pipeline route FID Target First Gas Target Planned Capa
Slide 8: Outlook – India and Kakinada Macro
OUTLOOK – INDIA AND KAKINADA MACRO Underutilized East-West Pipeline and Backlog of Demand STORM-PRONE EAST COAST OF INDIA LARGE ADDRESSABLE MARKET FOR GAS India Gas Macro Dhamra LNG (land-based) 1 1 ~70% ~11%p.a Mumbai Port [FSRU] Gopalpur LNG [FSRU, not yet permitted] LNG share of gas LNG demand gr
Slide 9: Grangemouth LNG Summary
GRANGEMOUTH LNG SUMMARY Grangemouth is slated to be Crown’s first producing project in 2028 Key Project Attributes Preparations to FID ✓ Exclusivity agreement with GBTron for use of site at FID Target First Gas Target Planned Capacity Project CAPEX Illustrative EBITDA the mouth of River Forth ▪ Scot
Slide 10: Grangemouth Development Update
GRANGEMOUTH DEVELOPMENT UPDATE FSRU located in sheltered waters with benign weather conditions in the Firth of Forth Crown’s Market Opportunity Scotland’s Natural Gas Infrastructure Scotland Market Overview Figure 2: Map of active offshore hydrocarbon fields, pipelines and main coastal infrastructur
Slide 11: Offshore LNG Technology Overview
OFFSHORE LNG TECHNOLOGY OVERVIEW (1) Offshore solutions: Approximately Half the Cost and Time to Build vs. Onshore Facilities Offshore Solutions Onshore Solutions Gravity-Based Floating Land ✓ Lower CAPEX✓ Lower CAPEX × CAPEX intensive ✓ Smaller environmental footprint✓ Smaller environmental footpri
Slide 12: Industry-Leading Partners
INDUSTRY-LEADING PARTNERS Technology validation by industry leaders who partner with Crown LNG EPCIC CONTRACTOR PROCESS POWER GENERATION & ELECTRICAL SYSTEM SUPPLIER DISTRIBUTION SYSTEMS SUPPLIER Leading global EPCIC provider of off-shore energy installations for more than 50 years, with 23 GBS buil
Slide 13: Crown LNG Milestone and Timeline
CROWN LNG MILESTONE AND TIMELINE Notable events and timeline 1H26E Final investment decision (FID) target and start of EPCIC to be executed before construction at KGLNG Crown LNG formed FID 2H29E first gas from KGLNG 2024 2018 2019 2022 2023 2025 2028 2029 2059E 2026 de-SPAC and public listing Q3 20
Slide 14: Crown LNG Execution Team
CROWN LNG EXECUTION TEAM SWAPAN KATARIA, CEO ANDREW JUDSON, Chairman of the Board ▪ 30 years of international trading within energy and E&P ▪ Over 25 years of experience in ▪ Founder and Director of Singapore- capital markets and private equity based LNG9 ▪ 2019-Present: Senior Advisor, Fort Capital
Slide 15: Key Takeaways
KEY TAKEAWAYS Strategic Projects 1 We prioritize projects in regions with significant growth potential and strong local support Experienced Team 2 Proven expertise in LNG development, hydrocarbons and project financing Project Pipeline 3 Future expansion and backlog of development opportunities Scal
Slide 16: Appendix
APPENDIX 16
Slide 17: Illustrative Anchor Project Economics
1 ILLUSTRATIVE ANCHOR PROJECT ECONOMICS FID Economics Post First-Gas Run Rate Crown PF FID All-In Project Utilization Rate EBITDA To FID Ownership Post Revenue Construction Costs Debt/Funding (MTPA) (Margin) Project Equity Raise 80% Debt ~$35M ~$1.0B 75% 7.2 $286M Kakinada $265M MTPA 20% Equity 80%
Slide 18: Valuation – Finding a Fair Range for Crown LNG
VALUATION – FINDING A FAIR RANGE FOR CROWN LNG Opportunity for Significant Value Creation Crown’s Valuation Potential ($MM) LNG Project Economics - Comparison Project Capex Cost/ Capacity IRR (%) $3,600 ($BN) ton (MTPA) 1 $1.5 $125 12.2 High Project A $2 $760 4 Average $2,400 Project B $4 $900 8.4 A
Slide 19: Remaining Pre-FID Costs for Anchor Projects
REMAINING PRE-FIDS COSTS FOR ANCHOR PROJECTS (1) Total Project Costs to FID ($MM) EPC related costs $20 - $25 General & Administrative $8 - $12 Ancillary fees and services $5 - $10 Total Project Costs to FID ~$35-50 mm Note(s): Estimated cost allocation and projected costs to reach FID : 80% India P
Slide 20: Additional Project Pipeline Creates Diversified Platform
ADDITIONAL PROJECT PIPELINE CREATES DIVERSIFIED PLATFORM Vung Tau, Vietnam Newfoundland, Canada Installation GBSRU GBLNG First Gas Target Q4 2032 Q2 2030 Expected 9.0MTPA 10.0MTPA Capacity CAPEX $8-9 billion $1.2-1.3 billion Q1 2028 FID Target Q4 2026 Capital Invested TBD TBD Pre-FID Spent / Remaini
Slide 21: Vietnam and Canada Present Near-Term Opportunities for Crown
VIETNAM AND CANADA PRESENT NEAR-TERM OPPORTUNITIES FOR CROWN Canada Vietnam NATURAL GAS INFRASTRUCTURE OF VIETNAM NATURAL GAS INFRASTRUCTURE OF EASTERN CANADA Fermeuse Harbor UNITED STATES Vung Tau 21 CROWN LNG ⧫ NASDAQ: CGBS
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