CORPORATE PRESENTATION JULY 2019
DISCLAIMER AUSTRALIA AND ALL JURISTICTIONS The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell any securities currently being held . This presentation does not take into account, nor is it intended to take into account, the potential and/or current individual investment objectives and/or the financial situation of investors. This presentation was prepared with due care and attention and the information contained herein is, to the best of the GEV’s knowledge, current at the date of the presentation . This presentation contains forward looking statements that are subject to risk factors associated with the gas and energy industry . The expectations reflected in these statements are currently considered reasonably based, but they may be affected by a range of variables that could cause actual results or trends to differ materially, including but not limited to : price and currency fluctuations, the ability to obtain reliable gas supply, gas reserve estimates, the ability to locate markets for CNG, fluctuations in gas and CNG prices, project site latent conditions, approvals and cost estimates, development progress, operating results, legislative, fiscal and regulatory developments, economic and financial markets conditions, including availability of financing . All references to dollars, cents or $ in this document is a reference to AUD Dollars, unless otherwise stated. UNITED STATES (ONLY) Any offering or solicitation will be made only to qualified prospective investors pursuant to a prospectus or offering memorandum, each of which should be read in their entirety . To the extent applicable, any placement of securities will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Act of 1933 , as amended) and who are interested in investing in the securities on their own behalf. PAGE 2 | GEV.COM
CORPORATE OVERVIEW DEVELOPER OF GLOBAL MARINE CNG PROJECTS C A P I T A L S T R U C T U R E 1 2 M T H S H A R E P R I C E H I S T O R Y A S X : G E V Volume ('000) Ordinary Shares on Issue 362.9m (83%) Share Price A$ $0.30 4,000 Market Capitalisation at $0.22/share A$79m 3,500 $0.25 3,000 Cash Balance (31 March 2019) A$3.6m $0.20 2,500 Performance Shares 3 15.9m (3%) $0.15 2,000 1,500 Options on Issue 1 42.7m (10%) $0.10 1,000 Performance Rights 2 16.5m (4%) $0.05 500 Fully Diluted Shares 438.0m (100%) $0.00 0 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18 Jan 19 Feb 19 Mar 19 Apr 19 May 19 Jun 19 Jul 19 S H A R E H O L D E R S U M M A R Y C O M P A N Y M I L E S T O N E S & U P C O M I N G C A T A L Y S T S Regal Funds Management Pty Ltd 6.9% 2016 | Established Business Plan • Maurice Brand 6.2% 2017 | Acquisition of SeaNG’s Optimum Ship Design and IP • Board and Management 20% 2018 | Completed ABS testing • Top 20 shareholders 4 45% 2019 | ABS Full Design Approval • Top 50 shareholders 4 65% 2019 | Shipyard LOI executed with CIMC Raffles Offshore • 2H 2019 | Negotiate Ship EPC Contract • 1. 6.11m 10c options, expiry 30/5/20; 2m 14c, expiry 18/6/20; 3m 21c, expiry 19/6/20; 31.63m 40c options, expiry 31/5/20; 2. Performance Rights issued to Maurice Brand, Garry Triglavcanin, Paul Garner, Martin Carolan and consultants 2H 2019 | Gas supply and sales agreements • 3. Refer to the 30 June 2018 Annual Report for full details of the Milestone Conditions 4. Including shares held by the Board and Management PAGE 3 | GEV.COM
EXPERIENCED BOARD & SENIOR MANAGEMENT SIGNIFICANT EQUITY EXPOSURE TO ALIGN WITH SHAREHOLDERS Maurice Brand Garry Triglavcanin Martin Carolan Paul Garner John Fitzpatrick Jens Jensen Executive Director & Executive Director Chief Technical Officer Executive Chairman & Non-Executive Director, Head Non-Executive Director Chief Development Officer GEV Canada Chief Executive Officer Corporate & Finance of Shipping 30 years’ experience in the Bachelor of Mechanical Eng. & 13-years in the financial markets, Over 15 years’ experience in the Over 30 years of experience as a Over 30 years experience in international energy industry MBA with 25 years’ experience in with extensive experience in international energy industry, structural engineer specializing in international shipping, having analysis, design, construction and having foundered ASX listed the international energy providing corporate advisory and concluded more than 200 ship directly focusing on capital deployment. Previous Director of Energy Equity Corporation industry across commercial, capital market services to a large building contracts. raising & restructuring of Engineering at SeaNG. Responsible Limited (EEC) in 1985 (now technical & legal aspects of number of small-cap ASX listed companies at various stages of known as EWC); ASX listed project development. companies. their development. for the Optimum ship design. A partner at Pillarstone Europe, Liquefied Natural Gas Limited where his main responsibility is (LNG) in 2002 and ASX listed 12 years with Liquefied Natural Global network of institutional and shipping portfolio/investments. Instrumental in acquiring the Global Energy Ventures Ltd Gas Limited as Group sophisticated investors will be prospect in the Gulf of Mexico that (GEV) in 2016. Commercial Manager, invaluable to GEV. Current Director of Oslo listed produced the High Island 24L gas developing a range of projects, discovery in 2006 for Entek Energy 2020 Bulkers Ltd. He was the driving force behind including the Australian Joined Foster Stockbroking in 2010, Limited. both EEC and LNG as the Fisherman’s Landing LNG was made Executive Director and Engaged as part of the senior Managing Director and Chief Project, Magnolia United States partner in 2014, primarily management of John Fredriksen’s Director and management roles Executive Officer. ASX listed LNG LNG Project and the Middle East responsible for managing shipping group where he has in various ASX listed juniors. being admitted to the ASX 200 in Qeshm Island LNG Project. relationships with Foster’s assumed the positions of: Director September 2014 with a market institutional and corporate clients. at Frontline Corporate Services David Stenning capitalisation of A$2.5 billion. (2014-2015), CEO/Managing Chief Operating Officer Director (2008-2014) and Commercial Director (2004-2008) GEV Canada at Frontline Management AS, and Over 30 years of engineering Board Member at companies experience in the international such as Frontline, Frontline 2012, energy industry, with leadership Flex LNG, Frontline Shipping. roles in engineering and management. Leading the FOCUS ON CAPITAL DISCIPLINE AND SHAREHOLDER ALIGNMENT development of CNG Optimum. PAGE 4 | GEV.COM
COAL-TO-GAS SWITCH ACCELERATING GLOBAL DEMAND GAS ESTABLISHED AS THE TRANSITION FUEL TO RENEWABLES Fast-tracking CO 2 emission controls | Gasification of China & India | Continued economic growth GLOBAL GAS DEMAND GROWTH (2018-2030) +167 Mtpa or +50% +25 to 50% 6 to 15% Growth in China’s Energy gas use in Demand energy mix By 2040 ASIA 25% +40% 143 Mtpa Global Energy +14 China’s Produced by ROW imported Gas 24 Mtpa +53 gas growth in 2018 +9.5 +45% +61 Global Gas -7.4 Demand By +44 300% 2040 India’s gas demand 60% growth by Of Global +7.1 2040 Gas Imports into Asia by 2040 * World Energy Outlook Report, November 2018, International Energy Agency PAGE 5 | GEV.COM
CNG OPTIMUM SHIP APPROVED DESIGN REDEFINES COMMERCIAL TARIFF RATES 1960 | Bottle Ship 2019 | CNG OPTIMUM Containment system integrated into the ship design Steel and design factor ◉ • Long horizontally stacked pipe minimises connections & optimises the cargo hold of the 60’s ◉ Too many connections • Optimum IP overcomes the storage pipes rubbing together in a marine environment ◉ Limited economic • range STANDARD 1998 | Coselle HANDYMAX SHIP PATENTED DESIGN Reduced connections • using large coils of small diameter pipe Modest economic • range 2016 | Construction of 25MMscf ship BOTTLE SHIP 8x JAYANTI BARUNA, INDONESIA, 2016 25 MMscf OPTIMUM STORAGE SYSTEM CNG SHIP Length 190m 200 MMscf Loaded Gas Volume Capacity Depth 17.0m 3,600 psi Operating Pressure CNG OPTIMUM 31.8m Breadth X80/ERW Pipe Grade & Weld Type 9.4m Full Load Draft 20” Pipe Diameter 200 MMscf 47,500 mt Displacement 100m Individual Pipe Length 14 knots Service Speed 130km Total Length of Pipes PAGE 6 | GEV.COM
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