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 Pty Ltd 2021

Infinite Blue Energy A Green Hydrogen Pioneer

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Solar Thermal

Bioenergy

Tidal

Wind Solar Photovoltaic

Wave / Tidal

Geothermal

Wind

Nuclear Hydro

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IBE will enable a sustainable green hydrogen future derived from water, solar and wind energy with no carbon debt.

IBE’s foundation project (Arrowsmith Hydrogen Plant – Stage I), will generate sub-commercial amounts of Green Hydrogen, that will allow fuel cell vehicles to be practical in Australia.

Infinite Blue Energy (IBE) is an Australian owned public unlisted, renewable energy company delivering ZERO emission solutions to domestic and international markets

IBE has key intellectual property (e.g. Plant design, Export, Importation Terminal & LH2 shipping) enabling commercial scale projects that deliver green hydrogen safely and economically to evolving domestic and international markets.

IBE’s core team have prior experience in designing and operating assets in Australasia & Internationally. Operated Cliff head Alpha and Arrowsmith Crude Oil & Gas Separation Facilities; - 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 (Biogas & Biomass); - Performed initial study on a recycling development park with its own microgrid energy in Mildura Victoria (Biogas & Biomass) - Biomass Plant in the Hunter Valley, repurposing its 155MW use to Hydrogen Generation;

IBE Management Team

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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

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.

Green Hydrogen VS The Rest

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Hydrogen can be produced from various sources and is commonly referred to by different colours:

BROWN Produced from coal (brown or lignite) ~71% of total

GREY Produced from steam methane reforming ~27% of total

BLUE Produced from steam methane reforming paired with carbon capture and storage (CCS)

GREEN Hydrogen is produced exclusively from renewable electricity & produces zero carbon emissions

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

Currently about 96% of hydrogen globally is produced from hydrocarbons and the remaining 4% is green hydrogen produced from renewable electricity via electrolysis

Green Hydrogen is Proven Technology & Growing Fast

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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).

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 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.

Goldman Sacs Dept 2020 equity research report estimates the green hydrogen economy to be valued at €10 trillion by 2050 for utilities industry alone.

“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

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The first stage of a global landmark green hydrogen project.

Located 270km north of Perth on 1,935ha of freehold farm land close to rail, road, and pipeline infrastructure.

The site is exposed to high grade wind and sun for efficient energy production.

A staged development with power characteristics

65MW Solar PV System generating 150,215 MWh/annum.

90MW Wind Turbine generating 324,990 MWh/annum

10 MW Smart Battery delivering 8MWh (Emergency Only)

330 kV Grid connection for power stabilisation and blackout coverage

23 TONS/DAY(tpd)

steady production of Green Hydrogen

A$423M 50% Project cost is estimated interest in project SPV in

final stage negotiation with strategic investor

End to End Network Overview Proven Technology

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65%

Capital Cost

Proven Wind and Solar resources

Solar

Wind

Electric Grid

Added electricity security - surplus green electricity exported and imported from the grid as required

Water from existing groundwater allocations

Water

Electrolysis A proven technology that splits

oxygen from water to produce hydrogen

Oxygen

Hydrogen

18%

Capital Cost

Liquefaction

17%

Capital Cost

LH2 Storage

LH2 Storage

Stage 2 Hydrogen is liquefied and shipped on cryogenic carrier to Asian markets

Unlikely Future Option Arrowsmith is located near gas pipelines, which offers a pipeline transmission sales opportunity

Proposed for Stage 1 Hydrogen & Oxygen to feed fuel cells Low-cost green electricity (behind the meter) for data centre

LH2 Hydrogen Transport LH2 Hydrogen Fuel LH2 storage & transport is proven and is trending as the preferred approach

in hydrogen supply chain logistics

Stage 1 Hydrogen is liquefied and sent to fuel station

Cryogenic Hydrogen Export Leading hydrogen technology companies such a Linde and Kawasaki are supporting

safe and efficient LH2 shipping

H2/LH2 Hydrogen to Gas Pipeline(s)

Data Centre

Arrowsmith Hydrogen Offtake

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but once this infrastructure is in place there is potential to leverage this asset, the expertise and demand for greener energy growth into a portfolio of assets.

IBE’s #1 priority is the construction of its Domestic plant

Total Arrowsmith Stage 1 production has been sold in an offtake agreement with Hydrogen West - Hydrogen West, in conjunction with Top Group, are adding hydrogen fuel pumps to existing fuel station network in Western Australia - The proposed Hydrogen Highway will enable the rollout of hydrogen busses, rucks, and other commercial vehicles - IBE has agreements with two major hydrogen heavy vehicle suppliers

Hydrogen West Offtake A$2.144 billion Signed Offtake Agreement

IBE will deliver green energy by April 2024 which is subject to Western Power Grid Connection being in situ; Datacentre and static power generation replacement to Hydrogen Fuel Cell fully supported by the WA government; IBE also working with interested parties to displace; •  Diesel electricity generation •  Off-grid mining electricity generation •  Off-grid remote community electricity generation -

Static Power Generation

Development Timeframe

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2021 2022

Lock in offtakes

Project Funding

Major Earthworks

Order long lead items

ASX PRE IPO

Production @ 85%

First Gas

Potential Expansion Plans

Arrowsmith Expansion Stage 2 & 3

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Stage 2 Arrowsmith transitions to export markets by

Additional 1.2 GW Green Energy generation Installation of offshore export lines and facility (e.g. HiLoad tanker loadout)

Product will be Green Hydrogen @ 131 tons/day

(~18,500 GJ/day of Natural Gas), deliverable to adjacent domestic gas pipelines or liquid (LH2) for export.

Energy source is onsite solar (550 MW) and wind farm

(125 @ 6 MW = 750 MW) with 20 MW Smart Battery delivering 16 MWh (Emergency Only)

Total build is forecasted to be A$2.25 billion

with final-stage negotiations on International offtake and 50% equity partner.

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Production – 25 tpd - Feed Complete - Offtake in place - First gas Mid 2022

Production – 130 tpd - Export to Asia - Expansion of current site - First gas mid-2025

Production – 260 tpd - Global export market - EOI from equity partners - Concept stage

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

Investment Highlights

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Unique Investment IBE’s hydrogen plant in WA will be Australia’s first commercial scale ‘green hydrogen’ project

Low Technology Risk IBE’s hydrogen electrolysers to be sourced from world’s #1 supplier: NEL & Single 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

Prime Location WA Govt committed to hydrogen sector; prime location globally for low cost solar & wind power generation

Offtake Negotiations Secured a binding offtake for Arrowsmith production. Interfacing with other partners for diverse offtakes

Studies Underway FEED studies are completed with Petrofac assistance. Ongoing works to FID, procure long leads via tendering processes

Green Credentials IBE’s Hydrogen plant will be the cleanest hydrogen producer in Australia, with zero emissions & avoiding annually 87,500tons of C02

Attractive Valuation IBE is raising $6m in pre-IPO funding at a post-money valuation of $90m vs Project NPV5 $657m

Capital Structure & Offer

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Capital Structure

126.2m Shares on issue pre offer

8.57m # of Offer Shares

134.77m Shares on Issue post offer

13.1m Options on Issue post offer

Pre-IPO Offer

$0.70 Price

$6,000,000.30 Amount

8,571,429 Shares

$90,000,000.00 Indicative Valuation* *undiluted pre-money

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Contact information

IBE Corporate Stephen Gauld sgauld@infiniteblueenergy.com.au +61 499 699 153

Barclay Pearce Capital Chloe Argyle chloe@barclaypearce.com.au +61 486 000 010

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Disclaimer

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.