Nh3 Clean Energy Limited · ASX:NH3
Nh3 Clean Energy — Shareholder Meeting (November 2025)
18 slides from Nh3 Clean Energy's shareholder meeting presentation, Nov 28, 2025
Slide 1: ASX Announcement: AGM Address and Chairman's Address
ASX Announcement 28 November 2025 AGM Address and CEO Presentation NH3 Clean Energy Limited (ASX:NH3) (‘NH3’ or ‘the Company’) is pleased to provide the following Chairman’s Address and Chief Executive Officer Presentation to be made at the Company’s Annual General Meeting later today. Chairmans’ Ad
Slide 2: WAH2 Tracking
Finally, as ever, I want to reiterate my gratitude to shareholders, especially those of long standing who have shared our vision and continue to recognise the potential of the Company and the rewards that it will generate. Thank you. Authorisation For personal use only This announcement has been aut
Slide 3: About NH3 Clean Energy Limited
About NH3 Clean Energy Limited NH3 Clean Energy Limited (ASX: NH3) is an Australian company focused on Future Energy project development and Future Energy materials exploration and project development. The Company is developing a business to deliver decarbonised hydrogen (low-emissions ammonia) into
Slide 4: Fueling the Future - AGM 2025
For personal use only Fueling the Future AGM 2025 November 2025 © 2025 NH3 Clean Energy (ASX:NH3) © 2025 NH3 CLEAN ENERGY (ASX: NH3) 1
Slide 5: Important Notices
Important Notices For personal use only DISCLAIMER The purpose of this presentation is to provide background information to assist in obtaining a general understanding of the Company’s proposals and objectives. This presentation may contain some references to forecasts, estimates, assumptions and ot
Slide 6: Agenda
Agenda For personal use only Macro Project Corporate © 2025 NH3 CLEAN ENERGY (ASX: NH3) 3
Slide 7: Macro Environment: Clean Ammonia Demand
Macro Environment: clean ammonia Demand For personal use only Last 12 months The last twelve Progress in our key market bunkering in Asia Pacific continued, notably: months have • In August, Mitsui O.S.K. Lines, Ltd. announced that it had entered a joint development underlined the agreement with ITO
Slide 8: Macro Environment: Clean Ammonia Supply
Macro Environment: clean ammonia Supply For personal use only Last 12 Months The last twelve The trend of ‘green’ hydrogen and ammonia projects being delayed or abandoned has months has continued to grow, notably underlined the • In February, the Queensland government withdrew its support from the C
Slide 9: Macro Environment: Policy
Macro Environment: Policy For personal use only Last 12 Months The last twelve Domestic and International policies continued to be put in place to clarify the pathway months has for Ammonia related projects: underlined the • In February, South Korea and Australia announced the establishment of a gre
Slide 10: Agenda
Agenda For personal use only Macro Project Corporate © 2025 NH3 CLEAN ENERGY (ASX: NH3) 7
Slide 11: Transformative year for WAH2 Project: Improving economics
Transformative year for WAH2 Project Improving economics For personal use only PRE-FEASIBILITY1 P R E - F E E D 2,3 Phase 1 Phase 1 Phase 1 Phases 1 & 2 – Base Case – Base Case – geared case – geared case NPV8 $248 M NPV8 $493 M NPV8 $682 M NPV8 $1,140 M IRR 10.0% IRR 11.6% IRR 15.6% IRR 15.7% Inclu
Slide 12: Transformative year for WAH2 Project: Derisking delivery
Transformative year for WAH2 Project Derisking delivery and aligning stakeholders For personal use only Lead Agency Framework Approval (Oct ‘25) Fauna Survey (Sept ‘25) Ammonia Fueling MOU (Oct ‘25) Joint Development Agreement (Jun ‘25) Commitment Agreement for Lease of land (Sep ‘25) Ammonia Shipme
Slide 13: Project Execution
Project Execution Being optimised with technology and engineering partners as we progress FEED For personal use only Optimal delivery likely to be combination of approaches best-suited to different parts of the project • Project owned, BOO1 by third parties, multiuser infrastructure, existing infras
Slide 14: WAH2 Project timeline
WAH2 Project timeline The most advanced clean ammonia project in Australia For personal use only FEED commenced in August1, following completion of pre- FEED engineering and entering appropriate commercial agreements In progress: Upcoming: Final Investment • Additional infrastructure • Completion of
Slide 15: Agenda
Agenda For personal use only Macro Project Corporate © 2025 NH3 CLEAN ENERGY (ASX: NH3) 12
Slide 16: Focusing the team for development
Focusing the team for development This year saw the first of new appointments to the team For personal use only The board and management team will The Board has a continue to evolve to wealth of meet the future needs of experience in the WAH2 project and the energyCharles and the broader Company Whi
Slide 17: Share price performance encouraging
Share price performance encouraging Achieving critical milestones has driven price performance but still undervalued For personal use only Performance overview 2: Key Metrics1 at 27/11/25 NH3.ASX Shares Outstanding 686,196,027 52 Week High A$0.140 Market Capitalisation A$59.7 M 52 Week Low A$0.015 A
Slide 18: Fueling the Future: Low Emissions Ammonia From Australia to APAC
For personal use only Fueling the Future Low Emissions Ammonia From Australia to APAC For further information contact: Stephen Hall This announcement has been authorised for [email protected] release to the ASX by the Board of NH3 Clean NH3CE.com Energy Ltd. © 2025 NH3 CLEAN ENERGY (ASX: NH3) 15
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