Carbon

Streaming
Corporation
Financing a Net-Zero
Carbon Future
November 2021 NEO:NETZ | FSE:M2QA
0
Disclaimer
This presentation (“Presentation”) is being issued by Carbon Streaming Corporation (the “Company”, “Carbon Streaming” or “CSC”) for information purposes only. The content of this Presentation has not been approved by any
securities regulatory authority. Reliance on this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This Presentation is not an admission document, prospectus or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or
invitation to sell or any solicitation of any offer to purchase or subscribe for any securities of the Company in Canada, the United States or any other jurisdiction. Neither this Presentation, nor any part of it nor anything
contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or
make any other commitment whatsoever in relation to any securities of the Company. No representation or warranty, express or implied, is given by or on behalf of the Company, its directors, officers and advisors or any other
person as to the accuracy, sufficiency or completeness of the information or opinions contained in this Presentation and no liability whatsoever is accepted by the Company, its directors, officers or advisors or any other person
for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

Forward-Looking Information

This Presentation contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than
statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, expectations regarding the future
price of carbon credits and sensitivity to changes in such prices; industry conditions and outlook pertaining to the carbon markets; potential streaming arrangements and investments and anticipated rates of returns from those
investments; expected timing and amount of carbon credit streams acquired; the development, implementation, validation and verification of carbon credit projects; the generation of local community benefits; use of revenue
generated from carbon credit streams; the conservation and protection of mangroves, forestry and endangered species; the annual creation of carbon credits; expectations respecting future competitive conditions and industry
activity levels; expectations regarding future government regulation; and the Company’s objectives, strategies and competitive strengths) are forward-looking information.

By their nature, forward-looking information involves numerous current assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company
to differ materially from those discussed in the forward-looking information. With respect to the forward-looking information contained in this Presentation, assumptions have been made regarding, among other things: current
and future prices for carbon credits on compliance and voluntary markets; future global economic and financial conditions; current and future regulatory and legal regimes for carbon credits, demand for carbon credits and the
product mix of such demand and levels of activity in the carbon finance markets and in such other areas in which the Company may operate, and supply of carbon credits and the product mix of such supply; the accuracy and
veracity of information and projections sourced from third parties respecting, among other things, current carbon finance markets and proposed changes to those markets, supply and demand for carbon credits; and, where
applicable, each of those assumptions set forth in the footnotes provided herein in respect of particular forward-looking information.

Factors that could cause actual results or events to differ materially from current expectations include, among other things: dependence on key management; limited operating history for the Company’s current strategy;
volatility in market prices and demand for carbon credits; effects of competition and pricing pressures; changes in general economic, financial, market and business conditions in the industries in which carbon credits are used;
potential conflicts of interests; ability to raise financing and actual results differing materially from management estimates and assumptions; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the
Company’s Annual Information Form dated as of September 27, 2021 filed on SEDAR at www.sedar.com.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in its forward-looking information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will materialize or prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The forward-looking information contained in this Presentation are expressly qualified by this cautionary statement. Readers should not place undue reliance on
forward-looking information. These statements speak only as of the date of this Presentation. Except as may be required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-
looking information whether as a result of new information, future events or otherwise.

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Carbon Streaming:
Financing a What is a carbon credit?
A carbon credit represents one tonne of carbon

Net-Zero
dioxide or the carbon dioxide equivalent of another
greenhouse gas (based on the amount of heat it
traps in the atmosphere) that is prevented from

Carbon Future
entering or being absorbed from the atmosphere.

Unique Carbon Industry Leading High Growth Market

Investment Vehicle Management Team with Positive Catalysts
Bringing the streaming model, used in Executive roles at Sandstorm Gold, a gold Compliance carbon markets grew by 21% in
mining & energy, to carbon credits. streaming company with a $2 billion market cap. 2020, with transactions of over US$260 billion.

Stream agreements of carbon credits expect
to provide current yield and long-term price
appreciation.
Aim is to give investors exposure to BOTH
voluntary and compliance carbon markets.
Management team have executed 50+ streaming
investments totaling over $2 billion.
Advisory board with experts in carbon markets
and carbon offset projects.
Voluntary carbon markets on track to reach
US$1 billion in value this year with volume
needed to grow by 15x by 2030 to meet the
goals of the Paris Agreement.
Over 1,500 businesses worldwide have set net-
zero emission goals.

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Management Team Key Partnerships &
Memberships

Justin Cochrane Geoff Smith Conor Kearns

CEO & Director President & COO Chief Financial Officer

• 20+ years of royalty and stream financing
experience
• Former President & COO of Cobalt 27
Capital Corp.
• Former Executive Vice President and Head
of Corporate Development for Sandstorm
Gold Ltd.
• 15+ years of corporate finance experience
• Former Managing Director for Scotiabank’s
Investment Banking Division
• Advised on or financed many of the largest
and most complex and innovative
streaming transactions in the past 10 years
• Nearly 20 years of accounting, auditing,
finance and tax structuring experience
• Former VP of Finance of Cobalt 27 Capital
Corp.
• Former CFO of EFT Canada, an electronic
payments business

Michael Psihogios Anne Walters Amy Chambers

Chief Investment General Counsel & Director, Marketing,
Officer Corporate Secretary Communications & Sustainability

• 15+ years of financing, M&A and corporate
finance experience
• Former CFO of DUMAS, a specialized
construction and engineering firm
• Previously worked in private equity and at
National Bank Financial in the investment
banking group
• Nearly 20 years of experience in the
Canadian corporate sector
• Former head of the Canadian legal team at
Frontera Energy Corporation, a TSX-listed
energy company
• Previously worked at Stikeman Elliott LLP
in the areas of corporate finance and M&A
• 20 years of experience executing strategic
initiatives for corporations and non-profits
• Studied Environmental Law & Social Justice
at Harvard Extension School
• Received GRI Sustainability Reporting
Standards certification from LEAD Canada

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Board of Directors
Maurice Swan, Chairman
• General Counsel of Superior Gold Inc.
• Former Partner at Stikeman Elliott LLP, where he practiced corporate law for over 24 years
• Earned leading lawyer accolades from various publications
Justin Cochrane, CEO & Director
• 20+ years of royalty and stream financing experience
• Former President & COO of Cobalt 27 Capital Corp. and Former Executive Vice
President and Head of Corporate Development for Sandstorm Gold Ltd.
Marc Bustin
• Professor of Geology at the University of British Columbia
• President of RMB Earth Science Consultants and CTO for Renewable Geo Resources Ltd.
• Has published over 200 peer reviewed scientific articles
Saurabh Handa
• CFO for Metalla Royalty & Streaming Ltd., a TSX-listed and NYSE-listed precious
metals royalty and streaming company
• Previously was CFO of Titan Mining Corp., VP, Finance of Imperial Metals Corp,
CFO of Meryllion Resources Corp. and CFO of Yellowhead Mining Inc.
Andy Tester
• A naturalist and labor advocate, who has devoted 20 years to raising
awareness on the plight of endangered salmon and steelhead in the
Pacific Northwest and Alaska
• Member of the International Longshore & Warehouse Union
Jeanne Usonis
• Director at Regent Advisors LLC, a corporate finance advisory firm
• Previously worked at N M Rothschild & Sons (Washington) LLC and
Salomon Smith Barney
Advisory Board
Kristen Kleiman
• Institutional investment expert with over 25 years of experience
• Former Chief Investment Officer at The Climate Trust, a national leader in the
development of high-quality greenhouse gas offset projects
• Prior member of board of directors for two international forestry companies
Mike Harcourt
• Former premier of British Columbia, mayor of Vancouver and city councilor
• Honorary co-chair at the University of British Columbia’s President’s Advisory
Council on Sustainability
• Associate Director at Centre for Sustainability Continuing Studies at UBC
Sean Roosen
• Executive Chair of the Board of Directors of Osisko Gold Royalties Ltd
• Founding member of Osisko Mining Corporation and of EurAsia Holding AG, a
European venture capital fund
• Awarded best CEO in North America by Mines & Money Americas in 2017
Robert Falls, Ph.D.
• 20+ years of experience on carbon and climate mitigation projects
• Adjunct Professor at UBC’s Forest Sciences Centre
• Acted as Senior Advisor to the GLOBE Foundation of Canada’s Energy and
Environmental program
Bart Simmons
• 40+ years of silviculture and watershed management experience
• President at Quillicum Environmental Services Ltd.
• Former COO at REDD Systems LLC
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Investment Strategy
Carbon Streaming intends to build a high quality and diversified portfolio of carbon credit streams and investments
that offers investors exposure to the carbon markets as the world transitions to a net-zero carbon future.

Stream Carbon Credits

Enter into streaming agreements with individuals, companies and governments to
stream carbon credits from their asset or property that can be sold in the voluntary or
compliance markets.

Invest in Voluntary & Compliance Carbon Markets

Purchase carbon credits in the voluntary and compliance markets for long-term price
appreciation with selective trading as opportunities arise.

Invest in Carbon Projects & Companies

Invest in or acquire companies, assets or properties involved in the origination,
generation, monitoring or management of carbon credits.

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How Streaming Credits Will Work Example of a Stream Agreement

Benefits to Carbon Streaming Corporation

• Not responsible for operating costs or capital costs.

• Annual yield with credits received each year during term.

• Potential value appreciation with purchase terms set upfront.

• Security from encumbrance on the property, asset or carbon credit

rights.
• Independent verification with established buffer pools to protect
against accidental damage or lost.

Benefits to Carbon Credit Project Developer

• Provides upfront cash and annual income for decades.

• Able to monetize carbon credits from the project.

• Maximize value received from credit sales with revenue sharing

providing additional upside.
• Assistance with verification and registration of carbon credits.

• Proceeds from stream sale and ongoing payments can be used to

accelerate community investment and increase project size.

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 Rimba Raya Biodiversity Reserve Project

Conservation of Tropical Forest & Protection of Biodiversity

Located in Borneo, Indonesia, it is one of the world’s largest REDD+ projects.

Reduces and avoids GHG emissions by limiting deforestation of ~65,000 ha of tropical lowland peat
swamp forests and preventing their conversion to palm oil plantations.

Operating for over a decade, Rimba Raya reduces emissions by around 3.5 Mt CO 2e per year.

Stream agreement will give Carbon Streaming the right to purchase all future carbon credits from Rimba
World’s first REDD+ Raya which have not already been committed to other buyers.
project to be validated
under the Sustainable Many of Europe’s and North America’s largest corporate buyers have purchased Rimba Raya credits in the past.
Development Verified
Impact Standard for its InfiniteEARTH will provide ongoing carbon credit advisory services to Carbon Streaming and a right of first
contribution to all 17 of
the United Nation’s
refusal on any carbon streaming or royalty financing for their future carbon offset projects.
Sustainable
Development Goals Advances UN Sustainable Development Goals
Project area has over 600 species of flora and fauna and 100 local animal species currently listed on the IUCN’s
Red List of Threatened Species, including the Bornean Orangutan.

Programs have been developed to improve quality of life for local communities, such as water filtration
systems, floating healthcare facilities, educational scholarships, and solar energy.

A portion of the revenue generated from the sale of carbon credits will go directly to the Rimba Raya Project to
continue to support local community development and infrastructure.

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 MarVivo
Blue Carbon
Project

Conservation of Mangrove Forests Advances Multiple UN

and Marine Habitat Sustainable Development Goals
Located in Magdalena Bay in Baja California Sur, Mexico, Creates new economic opportunities for local
which is home to Baja’s largest mangrove forest. communities, like ecotourism and sustainable What is blue carbon?
sea scallop farming.
Significant deforestation of mangroves has occurred in Blue carbon refers to carbon stored in coastal
the area due to shrimp farming. and marine ecosystems. Studies suggest
Addresses poverty, one of the main drivers of
mangroves and coastal wetlands annually
deforestation. sequester carbon at a rate ten times greater
The REDD+ project plans to conserve and sustainably
than mature tropical forests. They also tend to
manage 22,000 ha of mangroves and 137,000 ha of its Protects biodiversity at Magdalena Bay including store carbon for a longer period of time as much
marine environment. sharks, whales, turtles, seals and many of the carbon is stored below water in organic-
endangered species. rich sediment or peat.
Reduce and avoid emissions of 26 Mt CO2e over 30 years.

Stream agreement will give CSC the right to purchase

each year the greater of 200,000 credits or 20% of annual
carbon credits upon completion of the transaction.*
*Note: The MarVivo carbon credit stream agreement was signed on May 13, 2021 and is expected to close in Q4 2021.
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Cerrado Biome Grouped Project

Protection of Native Forests & Grasslands in the Cerrado Biome

Located in the Cerrado biome, the second largest biome in Brazil and considered one of the most
biodiverse savannah regions in the world.

Since 1985, the Cerrado biome has lost 46.8% of its native vegetation to commercial agriculture.

Ecosystem Regeneration Associates (ERA) is developing the project as a REDD+ grouped project.

The Cerrado Biome Project currently consists of two parcels of land covering ~11,000 ha.

ERA plans to scale up the project by offering landholders with surplus native vegetation an
alternative to agriculture - receive sustainable revenue through the generation of carbon credits.

Carbon Streaming expects the project to generate an average of ~0.5 million carbon credits per
year over 30 years, with initial generation of ~0.1 million carbon credits per year.

Verification of the Project by Verra is expected in late 2021, with credit sales to begin in 2022.

Portion of revenue from carbon credit sales will be re-invested locally to preserve the unique
biodiversity of the region and support local communities by providing environmental education
and development of professional skills.

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Bonobo Peace
Forest REDD+
Projects
BCI, established in 1998, champions a
community-based conservation approach in
which local people steward their own natural
resources. BCI’s initiatives in the BPF have
been supported by local communities, the
government and international organizations.
BCI team members have executed multiple
carbon credit and conservation projects
around the globe, including validation of the
first VCS REDD+ project in the DRC.
Conservation of Rainforest & Protection of
Endangered Bonobos and Biodiversity
Located within the Bonobo Peace Forest (BPF) in the
Democratic Republic of Congo (DRC).
Mitigate current threats of deforestation and degradation
through natural resource management of two reserves:
• Sankuru Nature Reserve (3,057,000 ha) contains some of the
highest biomass forests in the Congo Basin at 400+ tonnes
per hectare.
• Kokolopori Bonobo Reserve (479,480 ha) is BCI’s flagship
community conservation site and boasts one of the world’s
largest known bonobo populations. Several bonobo groups
here are uniquely habituated to the presence of humans,
affording opportunities for scientific research and ecotourism.
Combined potential to avoid and remove hundreds of millions
of tonnes of CO2e over 30 years.
CSC has entered into an exclusive term sheet with BCI to
provide initial funding to develop the two carbon credit projects.
Additional co-benefits of protection of endangered bonobos and
other vulnerable and endangered species and will offer
alternative sources of income to the local communities.
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Pipeline of
Opportunities

Near-Term Opportunity Pipeline

Carbon Streaming has sourced a potential deal pipeline of over Project Location Investment (US$)

US$700 million with its near-term pipeline valued at Forestry Africa <$15 million
Forestry Africa >$10 million
approximately US$200 million at target IRRs of 15%+ Forestry North America $6 million
Forestry North America <$10 million
Energy Africa >$35 million
Carbon Streaming is in a strong financial position to Forestry Africa >$25 million
execute its investment strategy. Forestry North America >$20 million
Energy Middle East >$15 million
Targeting to have completed investments that have Forestry South America >$15 million
the potential to annually deliver for up to 30 years: Energy Africa <$15 million
Energy Middle East >$12 million
• 20 million carbon credits by year-end 2021; Forestry North America <$10 million

• 50 million carbon credits by 2023; and Energy Middle East >$5 million
Forestry Africa >$5 million
• 100 million carbon credits by 2025. Energy South America <$5 million
Energy Latin America >$1 million
Total >$200 million
Note: The potential near-term carbon streaming transaction pipeline listed above represents an estimate by management
based on potential transactions which remain under various states of non-binding proposal and/or negotiation by the
Company. There can be no assurance that the Company will be able to enter into definitive agreements for, or otherwise
complete the acquisition of, all or any of the potential carbon streaming transactions referenced above, nor provide any
assurance that the stated targeted after-tax internal rates of return will be realized by the Company.
11
The Paris Agreement: Limit Global Warming to 2º Celsius

Global GHG Emissions: Massive change and shock required Governments Increase Commitments to Reduce Emissions
70 • EU leaders approved emission-reduction target of at least 55% compared to
1990 levels by 2030; also targeting net-zero by 2050.
58 GtCO2e
2019
• Canada announced plans to increase its carbon price by $15 a year to reach
60
$170 in 2030 (previously scheduled to stop at $50/tCO2e in 2022); Canada has
committed to net-zero by 2050.
Current
Commitments
50 52 GtCO2e • US sets a new target to achieve a 50-52% reduction from 2005 levels by
2030 and reach net-zero by 2050.
Historical
40 • China pledged to reach carbon neutrality by 2060.
Below 2°C Goal
39 GtCO2e
• Japan pledged to be carbon neutral by 2050.

30 • South Korea pledged to achieve carbon neutrality by 2050.

Below 1.5°C Goal
25 GtCO2e • More than 100 countries have pledged to reach net-zero by 2050.
20
• Regional governments with net-zero goals increased from 11 in 2019 to 101 in
2020.
10 • City-wide net-zero commitments rose from 100 in 2019 to 823 in 2020.

Goal of the Paris Agreement:

0
1970 1980 1990 2000 2010 2020 2030 Limit global warming to 2°C above pre-industrial levels while also pursuing efforts to
limit the temperature increase even further to 1.5°C. To reach this 1.5°C target,
global GHG emissions need to be reduced by around 50% by 2030 and reach “net-
Sources: UNEP Emissions Gap Reports 2017 to 2021; ClimateAction Tracker; Global greenhouse gas (GHG) emissions include land-use change. zero” by 2050.
12
Corporations & Asset Managers Commit to Net-Zero
Goldman Sachs’ Carbonomics cost curve suggests c.$100-200/ton carbon prices may be
• Over 1,500 companies have announced plans to be “net-zero” by 2050 or needed to achieve Net Zero Carbon by 2030 ...
Carbon abatement cost curve for de-carbonization of anthropogenic GHG emissions, based on current
sooner. technologies

• Carbon credits are anticipated to be integral to meet these goals, especially

in hard-to-abate sectors such as oil, aviation, steel and cement.

• The Net Zero Asset Managers initiative, which includes BlackRock, Vanguard
and 126 others, managing US$43 trillion of assets are targeting net-zero
emissions by 2050 across all their holdings.

• Climate change is the #1 ESG issue for assets managers in the U.S.

• Climate-related disclosures will encourage the purchase of carbon credits for

those emissions that cannot yet be eliminated so companies can avoid
reputational risk.

2019: 2020: Number of S&P 500

500 companies with 1,565 companies with companies publishing
net-zero targets net-zero targets 2011: 20%
sustainability reports

2019: 90%

Sources: NewClimate Institute; US SIF Foundation; Governance & Accountability Institute; Goldman Sachs Global Investment Research
13
Two Types of Carbon Markets

Market Size: US$261 billion Market Size: US$748 million

Compliance Transactions representing 10.3Gt CO2e Transactions representing 0.2Gt CO2e Voluntary
traded on the compliance markets in 2020. traded on the voluntary markets in 2021*.
*Data through Aug 31st.

Markets for carbon credits created by the need to Corporations, governments and individuals volunteer
comply with a regulatory act to offset their emissions by purchasing carbon credits
(carbon allowances) (carbon credits, also referred to as offsets)

Emissions Trading Systems (ETS) Carbon Credits / Offsets

• Also referred to as cap-and-trade programs.
• The ‘cap’ on GHG emissions declines annually to achieve the
climate policy targets of its jurisdiction or members.
• Allowances are freely allocated or auctioned to companies
which can then ‘trade’ allowances to comply with the cap on
their emissions.
• Companies with low emissions can sell their extra
allowances to larger emitters.
Sources: Refinitiv; Ecosystem Marketplace
• Generated by projects that avoid, reduce or remove GHG
emissions beyond a business-as-usual scenario.
• Projects include reforestation, improved forest management,
wetland restoration and renewable energy.
• Traded by individuals and companies on the voluntary markets
(though some carbon offsets can also be used in select
compliance markets).
• Majority of projects follow rules established by independent
standards organizations.
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Compliance Carbon Markets
Europe (EUAs, aviation EUAs)

Compliance Market Size in 2020: US$261 billion North America (WCI, RGGI)
Other (CERs, South Korea ETS, New Zealand
ETS, Chinese pilot schemes)

How an emission trading system works Global Compliance Markets – Transaction Value (US$B)
275
PURCHASE US$261B
Over 5x increase in 3 years
CARBON SALE
250
MARKET
Excess 225
GHG US$216B
emissions
Allocated GHG emission units
200
Reduced GHG
emissions
175 US$170B
Real GHG
emissions EU ETS
150 represents
Real GHG nearly 90% of
emissions global value
125

EMITTER A EMITTER B
100

• Allowances are either freely • Emitters can also choose to “bank” 75

allocated or auctioned, and then allowances and hold them for use in
may be traded. future years. 50 US$47B
• The supply and demand for • Emitters with an insufficient amount
theses allowances establishes a of allowances required for their 25
market price. industry at the end of the reporting
period incur penalties. 0
2017 2018 2019 2020
Source: Refinitiv
15
EU ETS Carbon Allowance Prices Recently Hit A Record High
Historical Carbon Allowance Prices on the EU ETS
EUR / t CO2e
70

Record High:
60
Prices reached a record high
closing price of €60.72 on
August 30, 2021.

50

Market stability reserve:

MSR introduced in January
40
2019 and speculators
returned to the market.

30
Recession: Supply of Phase 4 reform trilogue deal: Final
Offsets imports:
EUAs significantly agreement on Phase 4 reform
International offsets led to
outstripped demand. agreed in November 2017 and
surplus in the market. More
published in March 2018.
than 1 billion offsets were
20 converted to EUAs
between 2008 and 2012. Backloading: About 32% of EUA auction volume from
2014-16 was postposed or backloaded until 2019-2020
to reduce surplus.
COVID-19: Prices drop to a
10
near two-year low in
March 2020 due to
widespread lockdown
measures.
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Source: Bloomberg
16
Carbon Credits
• A carbon credit (also referred to as a carbon offset) can be resold multiple times until it has been
Carbon offset projects can be
retired by the end user who wants to claim the offset’s impact. grouped into two categories:
• A registry keeps track of the issuance and retirement of carbon credits.
Avoidance / Reduction Projects
• Verification is carried out in accordance to independent standards, such as Verra’s Verified
Carbon Standard (VCS) or the Gold Standard, which together accredit about 80% of the carbon
credits in the voluntary markets.

• Carbon credits can also have co-benefits, such as job creation, water conservation, flood
prevention and preservation of biodiversity.

• CORSIA is a program to limit GHG emissions from international travel with airlines from
participating countries required to purchase carbon credits to offset emissions in excess of a
baseline. The voluntary pilot phase of CORSIA started this year. Renewable Energy Methane Capture

• Increased offset demand from airlines, as well as companies with net-zero targets, is expected to Removal / Sequestration Projects
significantly increase the demand for carbon offsets in the voluntary markets.

Carbon offset project category

13% by transaction value in 2020
3%
5% Forestry & land use (57%)

7% Renewable energy (15%)

57% Energy Efficiency / Fuel Switching (7%)
15% Waste disposal (5%)
Household devices (3%)
Reforestation Direct Carbon Capture
Other (13%)

Source: Ecosystem Marketplace

17
Voluntary Carbon Markets

UN Special Envoy for Climate Action Mark Carney has

Voluntary Potentially US$1 Billion Market in 2021* said the voluntary market “needs to be a $50-100
billion per annum market.”

The Taskforce on Scaling Voluntary Carbon Markets estimates that demand for carbon credits in the voluntary market could grow by
15-fold by 2030 and up to 100-fold by 2050.

Forecast Demand for Voluntary Carbon Offsets

MtCO2e
2,500
Global Net-Zero Pledges (Low Demand Scenario)

CORSIA (Low Demand Scenario)

2,000
High Demand Scenario

1,500

1,000

500

0
2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040
* Note: Voluntary carbon markets are on track to reach US$1 billion in annual transactions in 2021 based on US$748 million in transactions during the year as of August 31, 2021 according to Ecosystem Marketplace.
Source: Taskforce on Scaling Voluntary Carbon Markets; Forecast voluntary carbon offsets demand data from ClearBlue Markets.
18
Higher Carbon Prices are Needed in the Carbon Markets
Carbon Prices Needed by 2030 to Meet Temperature Targets of Paris Agreement
US$/t CO2e
Higher carbon prices are 140
needed in the compliance and Historic EU ETS allowance price (in USD) Voluntary Carbon Offset Prices
$125 15.9% CAGR
voluntary markets to encourage High-Level Commission on Carbon Prices Wood Mackenzie
$120 15.4% CAGR
120
investment in emission International Monetary Fund International Energy Agency
UK REA Bioenergy Strategy
reduction technologies so that $110 14.4% CAGR

the goals of the Paris 100

Agreement can be achieved.

80
Carbon Price needed $75 10.1% CAGR
Source by 2030 (US$/t CO2e)

High-Level Commission on Carbon Prices $75 60

International Monetary Fund $75

Wood Mackenzie $110 40

International Energy Agency $120

UK REA Bioenergy Strategy $125 20

Average $101

0
2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

Sources: Report of the High-Level Commission on Carbon Prices” supported by the CPLC and World Bank Group, May 29, 2017; IMF “Fiscal Monitor” Oct 10, 2019; Wood Mackenzie, “The pathway to net-zero for miners – is carbon dated for metals” July 2020;
IEA/IRENA “Perspectives for the Energy Transition” March 2017; UK Renewable Energy Association “Bioenergy Strategy” 2019; Bloomberg; Ecosystem Marketplace.
19
Milestones & Catalysts
Carbon Streaming expects significant news flow as it deploys its recently raised capital to investments in its
current pipeline.

First carbon Carbon credit

credit stream stream on the Positive news flow

2020 2021 2022

announced for Rimba Raya from future carbon
the MarVivo Biodiversity credit streams and
Blue Carbon Reserve Project investments
Project announced to be announced

Company changes its New Board of Directors Company raises

name to “Carbon appointed and an US$105M in July 2021
Streaming Corporation” Advisory Board created
and establishes new Company begins trading
business focused on Company raises on the NEO Exchange
carbon credit streams C$48M in 1H 2021 (NETZ) and the Frankfurt
and investments Stock Exchange (M2QA)
Signs exclusive term Carbon credit stream
sheet on two carbon on the Cerrado Biome
credit projects in the grouped project in
Bonobo Peace Forest Brazil announced

20
 Pro Forma Capital Structure(1)

Shares % of FD
Issued Share Capital 25.2 M 31%
Shares on Exercise of Special Warrants 21.0 M 26%
Pro Forma Issued Share Capital 46.2 M 57%

Existing Warrants 12.8 M 16%

Warrants on Exercise of Special Warrants 21.0 M 26%
Options 0.6 M 1%
Pro Forma Fully-diluted Share Capital 80.6 M 100%

Pro Forma Market Capitalization(2) C$644 M (US$520 M)

(2)
Cash as of August 31, 2021 C$141 M (US$113 M)
Debt as of August 31, 2021 Nil
Note: There are 500,000 RSUs outstanding; none of which have vested. They vest one-third on the first, second
and third anniversaries of the date of grant.

Notes:
1. Pro forma capital structure based on the Company’s capitalization as at September 27, 2021 adjusted to reflect the 5:1 share consolidation (as announced on October 19, 2021 and
effective on October 22, 2021) and assumes the automatic exercise of the Special Warrants. Each unit underlying a Special Warrant consists of one common share and one warrant of
the Company, with each warrant entitling the holder to purchase one common share at a price of US$7.50 per share for 62 months from the date of issuance. For additional
information on the Special Warrants and the events that trigger automatic exercise of the Special Warrants, please see the Company’s news release dated July 20, 2021.
2. Based on the closing share price of Carbon Streaming of C$13.95 as at November 2, 2021 and exchange rate of US$1.00 for every C$1.24.
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Investment Highlights
• Will provide investors with a unique approach to investing
in carbon credits with streaming model.
• One of the few investment vehicles that will provide
CO2 exposure to voluntary carbon markets.

• Advisory board with experienced participants in the

carbon markets and experts in carbon offset projects.
• Strategic partnerships to assist with building and • Long-term price appreciation for carbon credits anticipated
managing portfolio of carbon credits. due to rising demand coupled with limited supply.
• Studies indicate global carbon prices need to exceed
US$100/t CO2e by 2030 to meet the goals of the Paris
Agreement.

• Management team has over 20 years of stream

• Carbon has exhibited a low correlation with other asset
financing, investment and corporate finance
classes.
experience.
• Potential for annual yield with dividends to be funded with
• Over 50 streaming investments totaling over $2
income from streaming portfolio.
billion have been arranged by the management
team.

• ESG benefits for investors looking to make an impact.

• CSC brings capital to projects that may otherwise not be
developed and is accelerating global initiatives to reduce
GHG emissions.

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4 King Street West, Suite 401
Toronto, Ontario
Canada M5H 1B6
Tel: 647.846.7765
Email: info@carbonstreaming.com
NEO:NETZ | FSE:M2QA

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