Lion Energy : Microcap Conference Presentation

Lion Energy Ltd, Peak Microcap Investor update - July 2023

Overall investment thesis

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Lion will be Australia's first mover in supplying green hydrogen to the heavy mobility sector. Setting a platform of skills, network and knowledge to be replicated throughout the decade.

Recently completed marine and onshore seismic has allowed Lion to mature a material, deep and diverse portfolio of exploration opportunities attractive to investors seeking exploration exposure

Lion USD 4.4m in cash*, generates USD1m in revenue from oil sales, and is poised to commence green hydrogen production next year.

Market cap AUD 15m but Lion positioned for exposure to early green hydrogen production and carried high impact oil exploration drilling

*as of 31 March 2023

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Green Hydrogen

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Green Hydrogen Business models in Australia

• Three business models are emerging for green hydrogen in Australia

Model	Capital intensity and time to market	Considerations for Lion
Large scale production with integrated	High, long	Long gestation period and uncertainty as
electricity production, focused on export		to which projects will actually materialize
markets
Medium scale production adjacent to an	Medium, medium	Limited number of industrial users actively
industrial user		looking at green hydrogen. Risk of getting
		tied to the wrong horse
Small scale production targeting the	Low but scalable, short	Progressive scalability a good fit for Lion
domestic heavy mobility market		size

• The AUD 16 billion domestic heavy mobility refuelling market is the most relevant market for Lion initially
• A subset of this market is buses (10% of the total size):
• • Strong regulatory support
  • Vehicle are readily available

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The Lion journey into Green H2

Q4

Q4 2021

Q2 2021

2021

GREEN H2 STUDY	BUSINESS MODEL	CAPITAL RAISING
AND VISION
GPA study	GPA study	Raised capital for
Established	ARRB study	hydrogen
hydrogen	Updated	initiatives
advisory board	strategy
Launch strategy	MOUs with BLK,
	Foton and Bus
	Queensland

Q2

2022

MARKET

ASSESSMENT &

GEOGRAPHIC FOCUS

QUT geospatial software

Engaged with operators and transit authorities

Q2

2022

FRONT END

ENGINEERING

DESIGN

Wasco FEED

commenced

Equipment

scoping

Vendors

approached

	Q4	2023
Q3	2022
2022

VENDOR SELECTION	LOCATION	FIRST REFUELLER
	SELECTION
3 vendors	QUT Geospatial	EPC selection
selected	software	Electrolyser and
WASCO FEED	First mover	refueller setup
completed	advantage	Market
	First location	hydrogen

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