EDEN INNOVATIONS LTD - Investor Presentation 2021

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

7 September 2021

EdenCrete® - US Infrastructure Market Update

Eden Innovations Ltd (ASX: EDE) (“Eden”) is pleased to report on progress to date for its EdenCrete® product range, and their emerging potential, in the US infrastructure market.

US Federal Infrastructure Bill

US$ 1 trillion bipartisan infrastructure bill - After the US Senate passed the $1 trillion bill, on 24 August 2021 US House of Representatives advanced the bill and committed to vote on it by 27 September 2021. House Speaker Nancy Pelosi, said she is “committing to pass the bipartisan infrastructure bill by September 27” and would “rally” her caucus to pass it.

The bill includes the following allocations:

Roads and bridges : US$110 billion , including $40 billion for bridge repair and replacement, and $17.5 billion for unspecified “major projects.” This allocation is in addition to the current annual funding that is already approved, and will enable a significant increase in both the value and number of infrastructure projects that can be undertaken. The bill also includes the reauthorisation of the existing bipartisan surface transportation program for the next five years;
Airports, ports and waterways: US$42 billion , comprising US$17 billion is allocated for port infrastructure and US$25 billion toward airports;
Passenger and freight railway infrastructure- US$66 billion;
Water infrastructure: US$50 billion , for investment in weatherisation and protection against climate-change fuelled disasters like droughts and floods.

State Departments of Transportation (DOTs) - current approval and use of EdenCrete® and EdenCrete® Pz

EdenCrete® products already approved for use by 21 state DOTs.
6 further state DOTs are currently reviewing EdenCrete®.
NTPEP and ASTM – testing of both products completed.
EdenCrete® currently used in concrete on highways, bridges and in shotcrete applications for DOTs.

US Federal DOT Funded Projects

EdenCrete® products used in federally funded projects since 2018 by three State DOTs.
US Federal DOT currently being briefed on the performance benefits delivered by EdenCrete® products.

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com

EdenCrete®- Progress Since 2015

Roads and bridges

 Georgia DOT (GDOT)- Progress to date

2017 - EdenCrete® specified by name in full depth highway slab replacement mixes
Following a successful trial in August 2015, since 2017 EdenCrete® has been specified by name in all GDOT funded full depth highway slab replacement mixes, and also has been used in several large projects (each worth more than US$500,000), jointly funded by Federal Highway Authority and GDOT.

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January 23, 2017
DEPARTMENT OF TRANSPORTATION
STATE OF GEORGIA
SPECIAL PROVISION
Section 504 ─ Twenty-Four Hour Accelerated Strength Concrete
In Section 504.1.03.B2, add a note under “minimum cement cwt/cu yd”:
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Note 1: When this Section 504 is used in conjunction with Section 452 (Full Depth Slab
Replacement), the Contractor shall utilize EdenCrete Carbon Concrete Additive to reduce
the cement factor by 15 % as per the allowances of ASTM type “S” admixtures. There
shall be two mix designs prepared; one with a 2 gallon/CY dosage and one with a 4
gallon/CY dosage. Each mix design shall also be submitted to and approved by the
Engineer prior to use on the project. The mix designs shall consistently achieve the
minimum compressive strength (2,500 psi) at 24 hours.
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The 4 gallon/CY dosage is reserved for use at the Engineer’s discretion.

Figure 1. GDOT Twenty-Four Hour Accelerated Strength Concrete Specifications

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Figure 2. First successful EdenCrete® infrastructure trial - I-20 in Augusta, GA, August 2015

EdenCrete® approved in GDOT new pavement projects after 2017 trial
12 months after installation, EdenCrete® infused concrete showed very impressive results and continued to gain durability and toughness with material improvements continuing across multiple properties, resulting in approval of EdenCrete® in new concrete pavement.

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Figure 3. Section of GDOT trial of EdenCrete® in new concrete pavement trial 2017

November 2019 - EdenCrete® trialled in GDOT bridge repair project
Trial scheduled to finish in early 2022, opening possible use in GDOT bridges.

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Figure 4. GDOT EdenCrete® bridge trial on bridge over Little River November 2019

 Activities Presently Underway or Planned with DOTs

 Georgia DOT

Eden continues to fill orders for all specified repair projects.
Meeting with senior leadership planned in next two weeks to discuss status of November 2019 bridge trial (trial due to be completed in Q1 of CY22).

 United States Department of Transportation (USDOT)

Initial meeting completed with Assistant Department Secretary to review Eden’s products and their impact to sustainability and resiliency for infrastructure.
The following round of meetings will include federal laboratory personnel.
Primary goal is to educate senior leadership on the benefits that they can achieve and expect from concrete with regards to both sustainability and performance.

 Southeastern Association of State Highway Transportation Officials (SASHTO) - annual conference and follow-up:

Very successful discussions with senior leaders from SASHTO states during the recent annual SASHTO conference
Next level of discussion with division leaders in each state:
- Have had first round of discussions with:
  - Kentucky Transportation Cabinet
  - North Carolina DOT
- Next meetings are with:
  - Tennessee DOT
  - Florida DOT
  - Virginia DOT
  - South Carolina DOT
- Final round of initial meetings is planned with:
  - Arkansas DOT
  - Mississippi DOT
  - Alabama DOT
  - Louisiana DOT
  - Texas DOT.
The objective is to encourage DOTs to require greater sustainability in their concrete and lift the required performance standards in specifications, which EdenCrete® could help achieve.

 Colorado - DOT (CDOT)

Since November 2018, EdenCrete® in shotcrete project on Central 70 project in Denver.
Reduced Greenhouse Gas Footprint
In addition to improved performance of the shotcrete, the EdenCrete® enabled the mix design to contain 152 lbs per cubic yard LESS cement than normal, already delivering a reduction of approx. 400 tons of CO2 on the Greenhouse Gas footprint of this project.

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Figure 5. Central 70 – CDOT EdenCrete® Shotcrete project

August 2019 - CDOT uses EdenCrete® in shotcrete for stabilising road-cuts.

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Figure 6. EdenCrete® in use in shotcrete stabilising rock face.

June 2021 - a major CDOT performance trial of EdenCrete® against two other concrete
mixes (a standard mix and a silica-fume mix) at the Vail Pass in the Rocky Mountains
Trial is on a section of Interstate Highway I-70 (altitude approx. 10,000 feet), subject to extreme abrasion and heavy use of de-icing chemicals.
This large scale, comparative trial, under extreme conditions is being followed closely by a number of other state DOTs that experience harsh winter conditions, and should open up a far larger market for EdenCrete® in freezing conditions than just in Colorado.