Infinite Blue Energy Pty Ltd 2021

Executable
Green Hydrogen
And A Strategic Growth Path

Capitalising on world scale

renewable resources with a focus
on Australia and Asia Pacific

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 Infinite Blue Energy
A Green Hydrogen Pioneer

Nuclear Hydro Infinite Blue Energy (IBE) is an Australian owned IBE will enable a sustainable green hydrogen
public unlisted, renewable energy company future derived from water, solar and wind

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Wind Solar Photovoltaic delivering ZERO emission solutions to domestic and energy with no carbon debt.
international markets
Tidal Wave / Tidal

Bioenergy Geothermal
IBE’s core team have prior experience in designing and IBE has key intellectual property (e.g. Plant
operating assets in Australasia & Internationally. design, Export, Importation Terminal & LH2
Solar Thermal Wind
shipping) enabling commercial scale projects
Operated Cliff head Alpha and Arrowsmith Crude Oil & that deliver green hydrogen safely and
Gas Separation Facilities; economically to evolving domestic and
- international markets.
Designed and built a renewable waste to energy facility
in Bordertown (Biogas to Electricity generation)
-
Recently designed a renewable energy plant for
Auckland Council and a client in Barcelona Spain IBE’s foundation project (Arrowsmith Hydrogen
(Biogas & Biomass); Plant – Stage I), will generate sub-commercial
- amounts of Green Hydrogen, that will allow fuel
Performed initial study on a recycling development park cell vehicles to be practical in Australia.
with its own microgrid energy in Mildura Victoria (Biogas
& Biomass)
-
Biomass Plant in the Hunter Valley, repurposing its
155MW use to Hydrogen Generation;
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IBE
Management Team
Stephen Gauld
Founder And CEO
Over 20 years experience in the Oil and Gas sector
working for some of the largest global service
companies and operators such as Baker Hughes GE,
Weatherford, ENI, ExxonMobil, Chevron and Woodside.
Highly experienced in managing project delivery and
cash flow.
Chris Burton
CFO And Director
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Highly proficient in managing complex Oil and Gas
balance sheets, has over 21 years experience in
financial and accounting sectors for a range of ASX
listed and private company boards. In prior roles was
the lead auditor for a range of ASX private organisations
and not for profit clients.
Yolanda Zhao
Co Founder And Director
Business professional in corporate management,
delivering strategies, sales and business
development. Highly experienced in delivering
business growth in Asia Pacific markets.
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Green Hydrogen
VS The Rest

Hydrogen can be produced from various sources
and is commonly referred to by different colours:
Produced from coal (brown or lignite)
BROWN ~71% of total
Produced from steam methane
GREY reforming ~27% of total
Produced from steam methane reforming paired
BLUE with carbon capture and storage (CCS)
Hydrogen is produced exclusively from renewable
GREEN
electricity & produces zero carbon emissions
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Currently about 96% of hydrogen globally is produced
from hydrocarbons and the remaining 4% is green
hydrogen produced from renewable electricity via
electrolysis
Electrolysis is an electrochemical reaction that uses electricity to split
molecules into their constituent atoms
-
In hydrogen production, electrolysis occurs in a device called an
electrolyser, which splits water into hydrogen and oxygen
-
Hydrogen produced via electrolysis is high purity, around 99.999% but
hydrogen produced via fossil fuels has high levels of impurity and
requires treatment before use
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Green Hydrogen is Proven Technology
& Growing Fast
>
One of the key obstacles to the adoption of
green hydrogen has been high renewable
power prices - this is changing rapidly. IBE’s
location is one of the best in Australia
generating low-cost Electricity ($46MW/hr) and
Hydrogen (≤$3/Kg).
Goldman Sacs Dept 2020 equity research
report estimates the green hydrogen economy
to be valued at €10 trillion by 2050 for utilities
industry alone.
Wood Mackenzie estimates that the current
installed base of green hydrogen electrolyser
capacity is about 94MW (US$365m) BUT
estimates the pipeline of new projects is
3.2GW and growing expediently.
Deloitte Nov 2019 study identifies the
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potential of green hydrogen as the
“Energy of the Future”. Under this
scenario, hydrogen becomes a fuel of
choice around the world with global
production of 233.7 Mtpa at a 15% CAGR.
“The green hydrogen market could
generate revenues – at the very least –
of US$12 trillion by 2050” Andrew
Forrest
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Arrowsmith Hydrogen Project Stage 1
Domestic Transport

The first stage of a global

Located 270km north of Perth on The site is exposed to
landmark green hydrogen 1,935ha of freehold farm land close high grade wind and sun
to rail, road, and pipeline for efficient energy

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project. infrastructure. production.

A staged development with power

characteristics

65MW 90MW 10 MW 330 kV

Solar PV System Wind Turbine Smart Battery Grid connection
generating generating delivering 8MWh for power
150,215 MWh/annum. 324,990 MWh/ (Emergency Only) stabilisation and
annum blackout coverage

23 TONS/DAY(tpd) A$423M 50%

steady production of Project cost is estimated interest in project SPV in
Green Hydrogen final stage negotiation
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with strategic investor
End to End Network
Overview
Proven Technology 18 17
65 Proven Wind and Water from existing % % Stage 1
% Solar resources groundwater allocations Hydrogen is liquefied and sent to fuel station

Capital Cost Capital Cost Capital Cost

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Solar Water LH2 Storage LH2 Hydrogen Transport LH2 Hydrogen Fuel
LH2 storage & transport is proven and
is trending as the preferred approach
Stage 2 in hydrogen supply chain logistics
Hydrogen is liquefied and shipped on
cryogenic carrier to Asian markets

Hydrogen

Wind Electrolysis Liquefaction LH2 Storage Cryogenic Hydrogen Export

A proven technology that splits Leading hydrogen technology companies
oxygen from water such a Linde and Kawasaki are supporting
to produce hydrogen safe and efficient LH2 shipping

Unlikely Future Option

Arrowsmith is located near gas pipelines,
which offers a pipeline transmission sales
opportunity H2/LH2 Hydrogen
to Gas Pipeline(s)
Proposed for Stage 1
Electric Grid Oxygen
Hydrogen & Oxygen to feed fuel cells
Low-cost green electricity (behind the meter) for data centre
Added electricity security - surplus green
electricity exported and imported from the grid
as required
Data Centre 7
 Hydrogen West Offtake
Arrowsmith A$2.144 billion Signed
Hydrogen Offtake Offtake Agreement
Total Arrowsmith Stage 1 production has been
sold in an offtake agreement with Hydrogen West
-
Hydrogen West, in conjunction with Top Group,

IBE’s #1 priority is are adding hydrogen fuel pumps to existing fuel

station network in Western Australia
-
the construction of The proposed Hydrogen Highway will enable the
rollout of hydrogen busses, rucks, and other

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its Domestic plant commercial vehicles
-
IBE has agreements with two major hydrogen
heavy vehicle suppliers

Static Power Generation

IBE will deliver green energy by April 2024 which
is subject to Western Power Grid Connection
but once this infrastructure being in situ;

is in place there is potential Datacentre and static power generation

replacement to Hydrogen Fuel Cell fully
to leverage this asset, the supported by the WA government;

expertise and demand for IBE also working with interested parties to
displace;
greener energy growth into • 
• 
Diesel electricity generation
Off-grid mining electricity generation
a portfolio of assets. •  Off-grid remote community electricity
generation
-
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Development
Timeframe

Lock in Project Major First Potential

offtakes Funding Earthworks Gas Expansion Plans

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2021 2022

ASX PRE Order long Production

IPO lead items @ 85%

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Arrowsmith Expansion
Stage 2 & 3

Stage 2 Arrowsmith transitions Energy source is onsite solar Product will be Green Total build is forecasted

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to export markets by (550 MW) and wind farm Hydrogen @ 131 tons/day to be A$2.25 billion

01 Additional 1.2 GW (125 @ 6 MW = 750 MW) (~18,500 GJ/day of Natural Gas), with final-stage negotiations
Green Energy with 20 MW Smart Battery deliverable to adjacent domestic on International offtake and
generation delivering 16 MWh gas pipelines or liquid (LH2) for 50% equity partner.
02 Installation of offshore (Emergency Only) export.
export lines and facility
(e.g.
HiLoad tanker loadout)

Stage 01 - Domestic Stage 02 - Export Stage 03 - Global

Production – 25 tpd Production – 130 tpd Production – 260 tpd

- - -
Feed Complete Export to Asia Global export market
- - -
Offtake in place Expansion of current site EOI from equity partners
- - -
First gas Mid 2022 First gas mid-2025 Concept stage

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Investment
Highlights

Unique Investment Low Technology Risk
IBE’s hydrogen plant in WA IBE’s hydrogen electrolysers
will be Australia’s first to be sourced from world’s
commercial scale ‘green #1 supplier: NEL & Single
hydrogen’ project Axis Solar PV from Asia and
Invertors from European
markets
Experienced Team
Led by an experienced oil
and gas services industry
veteran with large scale
project experience
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Prime Location
WA Govt committed to
hydrogen sector; prime
location globally for low
cost solar & wind power
generation

Offtake Negotiations Studies Underway Green Credentials Attractive Valuation

Secured a binding offtake FEED studies are completed IBE’s Hydrogen plant will IBE is raising $6m in pre-
for Arrowsmith production. with Petrofac assistance. be the cleanest hydrogen IPO funding at a post-
Interfacing with other Ongoing works to FID, producer in Australia, with money valuation of $90m
partners for diverse procure long leads via zero emissions & avoiding vs Project NPV5 $657m
offtakes tendering processes annually 87,500tons of C02

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Capital Structure
& Offer

Capital Structure Pre-IPO Offer

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126.2m 8.57m $0.70 $6,000,000.30
Shares on issue # of Offer Price Amount
pre offer Shares

134.77m 13.1m 8,571,429 $90,000,000.00

Shares on Issue Options on Shares Indicative Valuation*
post offer Issue post offer *undiluted pre-money

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Contact
information

IBE Corporate

Commercial in Confidence
N Stephen Gauld

E sgauld@infiniteblueenergy.com.au

P +61 499 699 153

Barclay Pearce Capital

N Chloe Argyle

E chloe@barclaypearce.com.au

P +61 486 000 010

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C O N TA C T U S N O W
Disclaimer

Commercial in Confidence
This document is a summary only and does not include all information about the Company’s assets and liabilities, financial position and
performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities.

Any securities that may be issued by the Company should be considered speculative and there is no guarantee implied for explicit that there
will be any return on the capital invested or that any dividend will be paid or that there will be an increase in the price or value of the
Company’s shares in the future.

Some of the statements or implications in this presentation are forward looking which include but are not limited to, statements or
implications about raising capital, issuing shares, listing on the Australian Stock Exchange, prices, operational costs, outcomes of regulatory
processes and applications.

Although the Company believes that its expectations reflected in the forward-looking statements or implications are reasonable, such
statements and implications involve risk and uncertainties, no assurance can be given that actual results will be consistent with the forward-
looking statements and implications.

The Company does not purport to give financial or investment advice. This presentation contains technical information derived from third
party sources and not generated by the Company, as such while the Company considers the information presented and any conclusions
drawn correct it is unable to guarantee the veracity of the information or therefore the appropriateness of the conclusions reached. 14