EDEN INNOVATIONS LTD — AGM Information 2022

Nov 21, 2022

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Eden Innovations Ltd
Annual General Meeting Presentation
22 November 2022
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EDEN INNOVATIONS | ASX: EDE

Disclaimer

FORWARD LOOKING STATEMENTS

This presentation includes certain forward-looking statements of Eden’s management. Forward-looking statements are statements that contemplate the happening of possible future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as “may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, “budgeted”, “forecast”, “targeted” or similar terms, variations of those terms or the negative of those terms. Forwardlooking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when or whether such performance or results will be achieved. Forward-looking statements are based on information known to Eden when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. The forward-looking statements specified in this presentation have been compiled by Eden’s management on the basis of assumptions (which may or may not turn out to be accurate) made by management and considered by management to be reasonable. Eden’s future operating results, however, are impossible to predict because of risks and uncertainties, and no representation, guarantee, or warranty is to be inferred from those forward-looking statements. You are cautioned not to place undue reliance on these forwardlooking statements.

Forward-looking statements include, but are not limited to, the following:

Statements relating to Eden’s budgeted, forecast and targeted revenue, future production capacity and sales levels, and business and financial performance; Statements relating to future research and development results and regulatory approvals of Eden’s products; Statements relating to Eden’s competitive position; and Other statements relating to future developments that you may take into consideration.

Actual results of Eden’s operations may differ materially from information contained in the forward-looking statements as a result of risk factors some of which include, among other things: global economic stability, continued compliance with government regulations regarding production and use of carbon nanotubes in the U.S. or any other jurisdiction in which Eden conducts its operations; changing legislation or regulatory environments in the U.S. and any other jurisdiction in which Eden conducts its operations; credit risks and product sales affecting Eden’s revenue and profitability; exposure to product liability claims; changes and new competitive products in the specialty concrete admixture industry; the level of market acceptance and demand for EdenCrete™; Eden’s ability to effectively market all the product it can produce; Eden’s ability to manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel; changing interpretations of generally accepted accounting principles; the availability of capital resources, including in the form of capital markets financing opportunities; and general economic conditions.

This presentation has been prepared as a summary only and does not contain all information relating to Eden’s assets and liabilities, financial position and performance, profits and losses and prospects: it should be read in conjunction with all of the publicly available information in relation to Eden which has been released to the Australian Securities Exchange (ASX Code: EDE).

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EDEN INNOVATIONS | ASX: EDEEDE:ASX

Corporate Snapshot

CORPORATE STRUCTURE

Eden Innovations Ltd Established 2004 Perth, Australia Eden Innovations LLC Eden Innovations India Pvt Ltd Established 2004 Established 2007 Denver, USA Ahmedabad, India

CAPITAL STRUCTURE

Eden Innovations Ltd ASX Symbol EDE Issued shares 2,711,228,995 Stock Price[(1)] A$0.006 Market Cap[(1)] ~ A$16 million Cash[(1)] ~ A$2.5 million Debt[(1)(2)] ~ A$10.0 million [(2)]

SHAREHOLDERS

Board & management

1) As at 21 November 2022

Aust Institutional & Other

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Overseas Institutional & Other

Tasman Resources

Note: Tasman Resources is 38% owned by Eden Innovations Directors Gregory Solomon and Douglas Solomon

2) Debt - US$6.475 million (~ A$10 million ) of total debt of ~A$10m is secured against real estate owned by Eden that was refinanced in August 2022, and that has an appraised value in May 2022 of over US$12 million) .

EDEN INNOVATIONS | ASX: EDEEDE:ASX

Eden’s Core Technologies

• Producing Carbon Nanotubes (75 % by mass) � Hydrogen (25 % by mass) from Natural

• Gas

  • CH4 + heat → C � 2H 2 (without Producing any CO2)

• Carbon Nanotubes (CNT) – Ultra-strong, highly conductive (thermal and electrical) carbon nano-particles

• Hydrogen – if renewable or nuclear power used for production, turquoise hydrogen and CNT produced, without producing CO2 .

• Producing EdenCrete® Products - ASTM and NTPEP Qualified, CNT-enriched, high performance liquid concrete additives.

• EdenCrete® - delivers higher performance, longer lasting, more durable and sustainable concrete

• EdenCrete®Pz & EdenCrete®Pz7 - deliver high performance, low cost, low CO2,high % of fly ash and/or high % of blast furnace slag concrete with a low % Portland cement.

• OptiBlend® - Dual fuel system to run diesel engines on mixture of 70-80 % Natural Gas (� H2)

• EdenPlast® - CNT enriched, high performance plastics and polymers

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EDEN INNOVATIONS | ASX: EDE

Carbon Nanotubes

Fully Commercialised Patented Pyrolysis Process produces Carbon Nanotubes and Hydrogen

CH4 C (as CNT) + 2H2

(No CO2 Produced)

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Harnessing the benefits of carbon nanotube technology for commercial application in:

• concrete and

• plastics.

Carbon Nanotubes and H 2

CNT - act as nucleation points for dense cement hydration - builds on all surfaces of CNT in concrete.

CNT - Create quintillions (10[18] ) of flexible, super-strong carbon nano-structures throughout the concrete.

CNT - Produce stronger, tougher and more durable concrete.

TEM image of Eden’s MWCNT

Key properties of CNT:

CNT - Produce stronger, tougher, more durable plastics.

• Tensile Strength: 100-300x steel

• Weight: ~17% of steel

• Highly conductive: thermally and electrically

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H2 produced is equal to 33% (by weight) of CNT produced. As more CNT required, supply of H2 grows.

EDEN INNOVATIONS | ASX: EDE

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CNT-enriched Liquid Concrete Admixtures Deliver more durable, higher performance concrete with significant CO2 reductions

EdenCrete[®] is a cost effective, carbon nanotube enriched liquid admixture that is mixed into wet Portland concrete:

• Increases durability, flexural, tensile & compressive strength, and abrasion resistance; and

• Reduces shrinkage, permeability and damage from salt and chemicals and increases freeze / thaw resistance.

EdenCrete® Pz / Pz7 are cost effective, carbon nanotube enriched liquid admixture that is mixed into any wet concrete (including high pozzolan mixes (fly ash and slag) that :

• Often increase compressive strength and abrasion resistance, reduce permeability, and can also improve flexural strength and other characteristics.

All key qualities for infrastructure

EdenCrete® Suitable for Portland cement

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EdenCrete[®] Pz Suitable for both Pozzolanic and Portland cements

Carbon nanotubes in fresh cement paste

Monash University - Helium ion microscope image

EDEN INNOVATIONS | ASX: EDE

OptiBlend[®]

100% owned, world leading dual fuel system

• OptiBlend® - Eden’s designed, built and custom fitted hardware technology:

• Allows conventional diesel engines to run on natural gas as its primary fuel without modifying the engine or the diesel fuel system.

• Marketed in US and India for 12+ years, over 350 systems sold: o USA and India, Middle East and East Asia.

• Significant market growth emerging, particularly in India ( due to extreme air pollution) :

• Delhi government ban on use of gensets during winter using solely diesel fuel.

• o US market slower.

• Eden India profitable and self funding for past 3 years from OptiBlend® sales

• current sales exceeding A$800,000 per quarter with 27 installations in September quarter 2022 (A$817,000) and already 30 installations in December quarter 2022.

OptiBlend[®] :

• Lower fuel costs, lower emissions/CO2 footprint, increased runtime;

• o Highly efficient, cost effective system -reduced fuel cost and emissions;

• Used by Cummins on oil/gas drilling power module ( 3 Tier II gensets);

Optiblend[®] Fuel Control Valve (left) and Air-Gas Mixer (right)

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• Installed on most major global brands of diesel engines.

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EDEN INNOVATIONS | ASX: EDE

EdenPlast[®]

Eden Commercialising EdenPlast[®]

CNT enriched plastics

• Patented, cost effective processes.

• Uses CNT produced by Eden.

Highly encouraging results

• < 50% increase in stiffness.

• Increase in electrical conductivity.

Current target markets

• Automotive, aerospace, packaging.

• Batteries - cathodes.

• Non-corroding reinforcing material.

• Global plastics market ~US$600 billion p.a.

Commercialisation

• Japanese trial with CNT enriched masterbatch (containing 37% by mass of CNT).

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• Target to try and find first commercial customer over next 12 months

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EDEN INNOVATIONS | ASX: EDE

Eden’s Technologies – Market Outlook

• 2022 - Eden holds a number of patents/patent applications that are all registered/ lodged in a number of countries, related to hydrogen and CNT applications:

• Hythane System

• Hythane Blending

• Hydrogen Internal Combustion Engine

• Pyrolysis Process to produce Hydrogen and CNT

• EdenCrete® (1 patent/1 applications)

• EdenCrete® for EMP shielding

• EdenPlast® (1 patents/1 application)

• 2018 - 2022- Growing interest in Eden’s products- EdenCrete, OptiBlend, OptiBlend and hydrogen technologies.

• Eden India cash flow positive for over 3 years from OptiBlend sales alone, with Sept 2022 quarter selling 27 kits (value A$817,000) and 30 to date in December quarter 2022 , with growing EdenCrete® sales also emerging.

• 2022 – Current main market focus is USA and India - in all products.

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EDEN INNOVATIONS | ASX: EDE

EdenCrete[®] Strong Pipeline of Major Projects and Sales

• DOTs - EdenCrete® - currently being used in Georgia and Colorado – roads, shotcrete

• trials underway in Colorado (Vail Pass) Ohio and Iowa

• Airports – United Airlines using EdenCrete® for 3 years (Denver) in 5 projects –large recent project.

• Commercial, Industrial, High Rise, Shotcrete - wide range of applications, many repeat projects in USA

• Numerous major projects in advanced planning reviewing possible use of EdenCrete®.

• 2 large proposed industrial plants and precast company reviewing possible use of EdenCrete®.

• Ports / Marine - Savannah and Brisbane; EdenCrete® Pz trial- reduced permeability, extended life by over 600%.

• Retail – Lowe’s – EdenCrete® is currently being sold by Lowe’s in 31 stores (in Colorado and Oregon) and also on-line throughout the USA on lowes.com .

INDIA

• 1.4 billion people, huge infrastructure and construction programme, broad interest from major companies.

• Huge EdenCrete® Pz potential –150million tonnes of fly ash produced each year, rising to 500m in next 5 years.

• Godrej Construction – operates in 20 cities- first EdenCrete® customer in India, and first Indian partner.

• Anticipated Infrastructure Projects - Mumbai – First projects expected - 2 Expressways- 50kms/10 lanes, ~ 340,000 m[3] concrete that would require approx. US$700,000 of EdenCrete® Pz.

• Very strong OptiBlend sales – currently averaging over A$800,000 per quarter- 27 installations in September 2022 quarter (A$817,000) and 30 completed already in December 2022 quarter.

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EDEN INNOVATIONS | ASX: EDE

EdenCrete[®]

EdenCrete[®] - Major Marketing and Sales Achievements to Date

Low CO2 Concrete- EdenCrete[® ] Pz – enables delivery of low CO2, low cost, high fly ash concrete – huge global potential - Highly successful in India in commercial use with Godrej Construction, and very promising trials in USA and Indonesia - Roads and Bridges US - Approved in 21 States , in use in 4 States (2017- specified by GDOT in repair specifications) - I-70 project in Denver- continually used in shotcrete for stablisation/ retaining walls since 2018 Ports – US and Australia- Successful trials in Savannah and Brisbane, first contracts with Port of Savannah, other – Waste Water Treatment US - first project in South Carolina. Electro-Magnetic Pulse (EMP) Protection – European trials confirm effective protection. Interest in US for data centres. – Ready Mix US – over 30 ready mix companies in many States and growing. India – Godrej using it in several cities – Shotcrete / Swimming Pools US -used by growing number of ready mix companies across many States. – Warehouses/ Industrial Flooring US - many projects for major companies (including 5 times by Michelin). – - Contractors/ Engineers US regularly used/ recommended by growing number of contractors/engineers. US Sporting Stadiums and Arenas - used repeatedly on many different repairs projects at major Denver sporting facility. International Sales/Trials- FY 2022 - Sales- Australia, India Trials - USA, India, Indonesia, Australia

Retail Sales - Lowe’s 31 Stores ( Oregon / Colorado). Lowe’s, 2[nd] largest hardware group in world with over 2,000 stores. EDEN INNOVATIONS | ASX: EDE

Progress – All Products Summary – FY 2022

EdenCrete® - USA

• Infrastructure - Highways/ bridges (Georgia, Colorado), Airports (Colorado), Ports (Georgia)

• Construction - High rise, factories, warehouses

• Shotcrete - infrastructure and commercial - I-70 Denver

• Repeat Airport Projects at Denver International Airport – first 2 large projects planned

• Swimming pools – major new market rapidly expanding

• Retail- Lowe’s - selling EdenCrete® in 31 stores across Oregon and Colorado

EdenCrete® - International Markets

• Sales - Australia, India. Trials - New Zealand and Indonesia

• India - high potential - Godrej Construction using EdenCrete® in standard concrete mixes .

OptiBlend®

• Sales (over past 10 years) - US, India, Nigeria, Bangladesh, Dubai.

• India - FY23 Significant market growth - government combating extreme air pollution.

• USA - FY23 Modest sales expected after high sales in FY22

EdenPlast®

• Commercialisation - First trials of EdenPlast® master batch. Seeking commercial customer

Hydrogen

• International interest – Interest from Europe, USA, India in Eden’s technologies.

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I-70 Shotcrete project in Denver

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Swimming pool project

EDEN INNOVATIONS | ASX: EDE

Infrastructure – A Main Target Market

• Roads, Bridges, Tunnels

• Ports and marine applications

• Airports

• Railways

• Dams and water systems

• Bus transit stations / light rail

• Toll Roads

• Public / Private Partnerships

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EDEN INNOVATIONS | ASX: EDE

EdenCrete[®]

Anticipated Continued Global Growth of EdenCrete[®] Market - FY 2023

Drivers Of EdenCrete[®] Sales Growth in Global Markets

Infrastructure Funding

• USA- US$110bn- roads /bridges, US$25bn - airports, US$15bn - ports -8 years

• INDIA - US$1.35 trillion infrastructure programme (including highways) (announced 2021)

Low CO Concrete 2

• Achieved with use of EdenCrete® Pz and Fly Ash (waste from coal fired power stations) to replace Portland cement, resulting in low CO2 , low cost, high strength, ultra-low permeability concrete.

  • EdenCrete® Pz allows replacement of �60% of cement with low cost fly ash (coal fired power station waste) producing low cost, high strength, low CO2 concrete.

  • Locks up polluting fly ash (includes heavy metals and other toxins) often dumped in land fill, ponds, lakes.

  • Reduces CO2 footprint by~90% of mass of cement replaced - 100kg cement replaced = ~ 90 kgs CO2 saved.

• ~ ~

• Carbon credits sell in Europe for US$87/tonne of CO2 saved , valuing 90kg of CO2 at US$7.83.

• Price of 1m[3] of average concrete varies from ~ US$65/m[3] in India up to US$170/m[3] in USA

• ~ ~

• The value of 90 kgs of CO2 saved is 15% of the concrete cost in India , and I 4.6% of the concrete cost in USA

• India - great potential : 1.4 billion population, major infrastructure expansion; huge coal fired power

• production

  • 150 million tonnes p.a. of fly-ash (rising to~500 million tonnes p.a. in 5 years)- works well with EdenCrete® Pz

• Indonesia - 270 million population-large fly ash supply -3 major concrete companies in final trials- great results EDEN INNOVATIONS | ASX: EDE

• Shotcrete - low dosages of EdenCrete® deliver less friction, less waste, cheaper, better shotcrete-Growing k t

The Future

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Core products- Hydrogen and Carbon Nanotubes-Five current commercial products : EdenCrete[®] , EdenCrete Pz® and Pz7, OptiBlend[®] , EdenPlast[®] , Hydrogen technologies - strong year on year revenue growth anticipated for FY23 and beyond.

Proprietary and patented technologies and core expertise in manufacturing and production of carbon nanotubes, hydrogen and carbon nanotube enriched products

High barriers to market entry, with over 10 years in product development, established direct working relationships with Government departments, plus strong patent protection and proprietary technology across entire product range

EdenCrete[®] operates in a global concrete market expected to reach US $921 billion and growing at approx. 8% p.a.- proven across all market sectors. EdenPlast® opens access to huge plastics market. Hydrogen has great potential with global focus on clean energy and lower CO2 emissions if sufficient use of the CNT can be generated

EdenCrete® Significant US Government traction with product approval from 21 Departments of Transportation, repeat GDOT . contracts in Georgia, road and trial projects Colorado , Ohio, Iowa. Ports. Extra Federal funding.

Strong EdenCrete[®] sales growth emerging: Sales in 12 US states, trials in 15 US states. Emerging sales in India, Australia, New Zealand, Israel and many trials underway or planned including advanced trials in Indonesia

• OptiBlend[®] Sales growing, particularly in India ; many markets applications; major expansion of Indian sales occurring in greater Delhi where due to extreme air pollution, government banned use of diesel-only gensets during winter

EdenPlast[®] - First trial with CNT enriched masterbatch; Global plastics market near US $600 billion and growing at ≈ 3% p.a.

Significantly growing momentum across all current products, many major projects in pipeline that could generate large revenue , and are anticipated to result in strong sales and news flow over FY 2023 and beyond

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EDEN INNOVATIONS | ASX: EDEEDE:ASX

GREG SOLOMON EXECUTIVE CHAIRMAN

Level 15, 197 St. Georges Terrace, Perth, Western Australia Telephone (Work): +61 8 9282 5889 Cell / mobile: +61 4 0206 0000

Email: gsolomon@edeninnovations.com

www.edeninnovations.com

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www.edeninnovations.com EDEN INNOVATIONS | ASX: EDE