NH3 Clean Energy Limited · ASX:NH3
NH3 Clean Energy — Investor Presentation (February 2025)
22 slides from NH3 Clean Energy's investor presentation, Feb 25, 2025
Slide 1: Fueling the Future: WAH2 Project Pre-FEED Update
For personal use only Fueling the Future February 2025 WAH2 Project Pre-FEED Update © 2025 NH3 Clean Energy (ASX:NH3) 1
Slide 2: Important Notices
For personal use only Important Notices 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 3: Focusing on APAC demand for sustainable energy
Focusing on APAC demand for sustainable energy For personal use only Delivering low-emission ammonia solutions Committing to reliable, scalable, cost-effective production Developing WAH2 flagship project Adopting de-risked execution philosophy Enabled through world class team and strategic partnersh
Slide 4: Executive Summary
Executive Summary For personal use only WAH2 Pre-FEED completed, preliminary commercial agreements in place Efficiencies increase Phase 1 Production Capacity to 650 kTPA 1 Ungeared project Phase 1 Base Case NPV8 ~doubles from PFS2 to A$493 M1 Target Phase 1 NPV8 A$682 M at 15.6% IRR with potential i
Slide 5: Agenda
Agenda For personal use only Low Emissions NH3 WAH2 Pre-FEED Way Market Update Outcomes forward © 2025 NH3 CLEAN ENERGY (ASX: NH3) 5
Slide 6: Clean ammonia growth industry
Clean ammonia growth industry NH3 Clean Energy Ammonia set to play a significant role in energy transition, decarbonising power generation and shipping For personal use only Clean ammonia market forecast to grow to ~A$32bn by 2030 and ~A$200bn by 2040, with APAC CAGR of 36% 1 Global ammonia demand (
Slide 7: Japan's criteria for clean ammonia
Japan’s criteria for clean ammonia NH3 Clean Energy Australia well-placed, NH3CE best-placed with WAH2 designed to meet needs of energy transition For personal use only Emissions intensity Grey NH3 Grey NH3 Low emission WAH2 ~0.38 kg CO2e /kg NH34 Low from coal2 from gas2 threshold1 Operational flex
Slide 8: Matching supply to demand
Matching supply to demand WAH2 Project to come online to meet growing customer demand For personal use only 2025 ~2030 ~2040 ~2050 Demand 1st Japan CfD Award Korean CHPS Second Round Coal co-fired power plant Refurbish facilities Start 20% ammonia co-firing Increase ammonia ratio of co-firing Ammoni
Slide 9: WAH2 is the best-placed project in Australia
WAH2 is the best-placed project in Australia Early mover project with competitive advantages related to tech. choice and secured site For personal use only 2023 2024 NH3’s WAH2 Project is considered the most advanced and 140+ 90+ Australian Hydrogen / Ammonia Projects More than 50 H2-related project
Slide 10: Few credible commercial scale competitors
Few credible commercial scale competitors The WAH2 project is positioned to be Australia’s most advanced scale producer use only Scoping Study PFS Basis of Design FID RFSU Concept Pre-feasiblity Pre-FEED FEED EPC and commissioning Production Ongoing challenges to 650ktpa Ph1 / 1,300ktpa Ph2, Minimal
Slide 11: Agenda
Agenda For personal use only Low Emissions NH3 WAH2 Pre-FEED Way Market Update Outcomes forward © 2025 NH3 CLEAN ENERGY (ASX: NH3) 11
Slide 12: Recap: WAH2 Project Overview
Recap: WAH2 Project Overview Proximity enables lower cost access to required services and infrastructure For personal use only Existing NH3’s site in the Maitland infrastructure corridor provides SIA1 is a key asset, access to port and providing access to existing multiple CCS options infrastructure
Slide 13: Strategic partnerships developed during pre-FEED
Strategic partnerships developed during pre-FEED Advanced stage of development across the full value chain For personal use only INPUTS PROCESS DISTRIBUTION END USES Natural NH3 replaces WAH2 gas coal in power plant generation Port of (Japan & South Dampier Korea) Clean ammonia NH3 replaces fuel oil
Slide 14: PFS to Pre-FEED (1 of 2)
PFS to Pre-FEED WAH2 is advancing on an accelerated basis (1 of 2) For personal use only Pre-Feasibility Study Pre-Front End Engineering Design 1 Location • 40 Ha site in Maitland Strategic Industrial • Key Terms Agreement executed with DevelopmentWA Area allocated by WA Government • Option to Lease
Slide 15: PFS to Pre-FEED (2 of 2)
PFS to Pre-FEED WAH2 is advancing on an accelerated basis (2 of 2) For personal use only Pre-Feasibility Study Pre-Front End Engineering Design 1 Gas Supply • Market analysis supports availability of gas • Confidential non-binding agreements representing ~85% of supply WAH2 Phase 1 requirements (inc
Slide 16: Compelling project economics
Compelling project economics Project offers both globally competitive cost of production and compelling returns For personal use only Phase 1 base case NPV8 Phase 1 Phase 1 + 2 of A$493 M could be enhanced by Base Case Additional2 Base Case Additional2 infrastructure related Opportunities Opportunit
Slide 17: Sensitivities and uplift opportunities
Sensitivities and uplift opportunities Project robust to sensitivities with multiple uplift opportunities identified during Pre-FEED For personal use only SE NSI T IV I TY AN ALY SI S UP LIFT OPPORTUNITIE S PR OJ E CT F IN ANCE Sensitivity analysis to stress test Opportunities have been identified t
Slide 18: Agenda
Agenda For personal use only Low Emissions NH3 WAH2 Pre-FEED Way Market Update Outcomes forward © 2025 NH3 CLEAN ENERGY (ASX: NH3) 18
Slide 19: Minimising execution risk
Minimising execution risk Keep it simple – a cornerstone of WAH 2 Project approach and design For personal use only Proven Auto-thermal reforming, high carbon capture, industry Technology leading provider Ammonia process Existing Port of Dampier, West Pilbara Scheme Water Dampier Port services Land
Slide 20: WAH2 project is the most advanced in Australia
WAH2 project is the most advanced in Australia The Project is ready to cement offtake and partnership agreements For personal use only NH3 WAH2 Project Indicative Timeline RFSU early 2029 Prefeasibility Basis of Design FID EPC and NH3 has entered into Pre-FEED FEED commissioning agreements to 2024 2
Slide 21: Future timeline
Future timeline The next 12 months will see multiple opportunities for value enhancement For personal use only MA C RO PROJECT EN GA GEMENT C OR POR ATE FIN AN C E • Completion of Japan’s • Complete remaining • Increasing interaction • Progression of project first round of CFD provisional with gover
Slide 22: Fueling the Future: Low Emissions Ammonia
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 NH3CE.com Clean Energy Ltd. 22
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