BABYLON PUMP & POWER LIMITED

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2019 AGM Presentation November 2019

ASX: BPP

Important Notice and Disclaimer

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This presentation has been prepared by Babylon Pump & Power Limited (BPP) for information purposes only.

This presentation is not a product disclosure statement or prospectus for the purposes of the Australian Corporations Act 2001 (Cth), nor does it constitute financial product or investment advice or a recommendation, offer or invitation by any person or to any person to sell, purchase or otherwise invest in securities in BPP in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment.

This presentation contains general information only and does not take into account the investment objectives, financial situation and particular needs of individual investors. Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial adviser, lawyer, accountant, tax or such other adviser as considered appropriate having regard to their objectives, financial situation and needs before taking any action.

The information in this presentation includes historic information about the performance of BPP and securities in BPP. That information is historic only, and is not an indication or representation about the future performance of BPP or securities in BPP. You should not place undue reliance on any such information.

No representation or warranty, express or implied, is given as to the accuracy, completeness, reliability or adequacy of any statements, estimates, opinions or other information, or the reasonableness of any assumption or other statement, contained in this presentation. Nor is any representation or warranty, express or implied, given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, forward-looking statements or potential returns contained in this presentation. Forward-looking statements include, but are not limited to, information which reflects management’s expectations regarding BPP's future growth, results of operations (including, without limitation, capital expenditures), performance (both operational and financial) and business prospects and opportunities. Often, forward-looking statements include words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forecasts, forward-looking statements or potential returns only reflect subjective views held by BPP, and are based on certain assumptions made by BPP, as at the date specified in the relevant information and are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of BPP. Although management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Actual events and results may vary from the events or results expressed or implied in such statements. Given these uncertainties, you should not place undue reliance on any such statements

Subject to any continuing obligations under applicable law or any stock exchange listing rules, in providing the information in this presentation, BPP des not undertake any obligation to publicly update or revise any forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

To the maximum extent permitted by law, BPP and its related bodies corporate, directors, officers, employees, advisers and agents disclaim all liability and responsibility (including without limitation any liability arising in negligence, statute or otherwise) for any direct or indirect loss or damage which may arise or be suffered by any person through use or reliance on anything contained in, or omitted from, this presentation. An investment in BPP securities is subject to investment and other known and unknown risks, some of which are beyond the control of BPP. BPP does not guarantee any particular rate of return or the performance of BPP securities.

The distribution of this presentation including in jurisdictions outside Australia, may be restricted by law. Any person who receives this presentation must seek advice on and observe any such restrictions.

Babylon Pump & Power Limited

A Rapidly Growing Specialist Mining Services Provider

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Babylon Pump & Power Limited (“Babylon”) (ASX:BPP) was established in February 2017 and listed on the ASX in January 2018
Babylon is led by an experienced team, with a proven track record and high-level of employee share ownership
Babylon is operating a bespoke business model focusing on two complementary areas in high demand in the resources sector:
Rental of specialty diesel driven pumping and power generation equipment
Maintenance and rebuild services for large diesel driven equipment
Babylon continues to receive strong and growing demand from major mining and oil & gas service companies
For FY19 Babylon reported revenue of c$11.5M up 607% over the previous year and and EBITDA of c$0.1M up 112% over the previous year
In Q1 FY20 Babylon completed the acquisition of Primepower Queensland
As part of the Company’s growth strategy, Babylon continues to evaluate opportunities for acquisition while focusing on responsible organic growth in both areas of operation

Babylon Pump & Power Limited

Corporate Snapshot

FY19 Financial Performance – Summary Financials	FY19 ($)	FY18 ($)
Revenue	11,509,158	1,628,357
Reported EBITDA	109,814	(921,312)
Total Assets	11,404,283	5,377,323

ASX Code: BPP	ASX Code: BPP
Ordinary Shares	807,820,269
Performance Shares	26m
Market cap (@ 1.8 cents)	$14.5m
Average Monthly Volume (shares)	13.3m
Trading Range since Listing (cents)	1.5 – 2.5
Top 20 Holdings	58%

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FY19 Summary Financials Growing revenue and tier 1 clients Increased borrowing base Growing portfolio of long-term assets generating revenue

Directors & Senior Management	Directors & Senior Management
Michael Shelby	Executive Chairman
Patrick Maingard	Executive Director
Michael Kenyon	Non Exec. Director and Company Secretary
Mark Lagemann	Operations Manager

Substantial Shareholders G & N Lord Superannuation Pty Ltd / Geoff Lord FGI Holdings Pty Ltd Chesapeake Capital Ltd

Babylon Pump & Power Limited

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BPP Journey - Significant Milestones

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Completed
Acquisition of
Primepower
Sept 2019
Exceeded FY19
Full year
revenue target
of $5M in first
6 months
Jan 2019 $14.54M Market
Capitalisation
20 Nov 2019
$7M FY19 Positive
Market EBITDA
Capitalisat achieved
ion June 2019
Jan 2018
Babylon
Founded $1.6M
Feb 2017 revenue
FY18 5
Completed June 18
ASX
Relisting
Jan 2018
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Babylon Pump & Power Limited

BPP Positive Growth Trajectory

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FY19 KEY GROWTH MEASURES

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FY 19 Growth (% Change)

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607%
350%
112% 112%
6%
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Babylon Pump & Power Limited

Operations Update

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Primepower Queensland

Primepower acquisition complete with smooth integration of team
Increasing tradesmen headcount to support high demand for services
Began works to increase capacity in Mackay facility
Client response has been positive as seen by increased opportunities and work secured

Babylon Operations

Leased neighboring facility in WA to expand workshop capacity to meet growing services demand
Repeat rebuild orders from our Tier 1 client base is evidence of the quality of our work
Currently negotiating engine rebuild programs with top tier clients
Secured first rental opportunity direct with Rio Tinto
Growing rental business with existing Tier 1 mining clients – more rental equipment mobilizing before end of year
Successfully executed multiple oil & gas rental projects in the current quarter

Babylon Pump & Power Limited

BPP Platform for Growth

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Geographic coverage – base of operations in WA and QLD cover major resource markets
Blue-chip client base – currently have “foot in the door” working direct for major resource producers and top tier service companies
Broad commodity exposure – currently operating in iron, gold, nickel, coal and oil & gas markets
Technical rebuild expertise – decades of technical experience with both Caterpillar and Cummins platforms with ability to offer services on both coasts
Divisional growth – proven success adding specialty rental to maintenance services clients and service to rental clients
Purchasing power and contract synergies – growing scale to warrant bulk ordering to achieve efficiencies and increase margins
Low corporate overhead – significantly increased market cap without any increase in corporate overhead (3-person board + 1 full time employee)
Supportive shareholder base – shareholders have supported through conversion of loans and share purchase plans in recent months

Babylon Pump & Power Limited

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Thank You Q&A

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Babylon Pump & Power Limited

AI assistant

BABYLON PUMP & POWER LIMITED AGM Information 2019

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