ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — AGM Information 2023

Nov 26, 2023

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ECT ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED

2023 Annual General Meeting

27 November 2023

Disclaimer

Environmental Clean Technologies Limited (“ECT” or “the Company” ) has taken all reasonable care in compiling and producing the information contained in this presentation. The Company will not be responsible for any loss or damage arising from the use of the information contained in this presentation. The information provided should not be used as a substitute for seeking independent professional advice in making an investment decision involving Environmental Clean Technologies Limited. Environmental Clean Technologies Limited makes no representation or warranty, express or implied, as to the accuracy, reliability, or completeness of the information provided. Environmental Clean Technologies Limited and its respective directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information, or matters, express or implied, arising out of, contained in or derived from, or any omissions from this presentation.

This presentation contains "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ECT, industry results or general economic conditions to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In particular, certain forward-looking statements contained in this material reflect the current expectations of management of the Company regarding, among other things: (i) our future growth, results of operations, performance and business prospects and opportunities; (ii) expectations regarding the size of the market and installed capacity of our plants; (iii) expectations regarding market prices and costs; and (iv) expectations regarding market trends in relation to certain relevant commodities, including benchmark thermal coal and metallurgical coal prices and foreign currency exchange rates.

Forward-looking statements are only predictions and are not guarantees of performance. Wherever possible, words such as “may,” “would,” “could,” “will,” “anticipate,” “believe,” “plan,” “expect,” “intend,” “estimate,” “aim,” “endeavour” and similar expressions have been used to identify these forward-looking statements. These statements reflect the Corporation's current expectations regarding future events and operating performance and speak only as of the date of this material. Forward looking statements involve significant known and unknown risks, uncertainties, assumptions and other factors that could cause our actual results, performance or achievements to be materially different from any future trends, results, performance or achievements that may be expressed or implied by the forward looking statements, including, without limitation, changes in commodity prices and costs of materials, changes in interest and currency exchange rates, inaccurate geological and coal quality assumptions (including with respect to size, physical and chemical characteristics, and recoverability of reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, delays in the receipt of government and other required approvals, and environmental matters), political risk and social unrest, and changes in general economic conditions or conditions in the financial markets or the world coal, iron and steel industries.

The materiality of these risks and uncertainties may increase correspondingly as a forward-looking statement speaks to expectations further in time. Although the forward-looking statements contained in this material are based upon what the Company believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this material and are expressly qualified in their entirety by this cautionary statement. We do not intend, and do not assume any obligation, to update or revise these forwardlooking statements, unless otherwise required by law. Prospective purchasers are cautioned not to place undue reliance on forward-looking statements. This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein.

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Introduction

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Sam Rizzo

Managing Director BA (Urban and Regional) Grad Dip (Honours) in Urban and Regional Town Planning

Mr Rizzo is a highly regarded project leader with over 12 years' experience delivering mega-scale complex projects, renewable energy and supporting infrastructure to deliver optimal value and return on investment. Most recently, Regional Program Leader Europe for global energy transition leader Fortescue Future Industries. This role led strategic corporate agreements for complex multi-billion-dollar projects, which involved entering contractual arrangements with a national utility provider and active green renewable entities.

What attracted me to this business? ü Patented, proven technology ü Immediate decarbonisation pathway ü Operational Demonstration Plant, ready for commercialisation ü Abundant resources – supply security ü Existing premium demand for net zero products ü Low Capital and Opex cost ü Scalable, modular and low-technology

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The Opportunity

The Challenge

• Decarbonisation Now!

• Waste: contaminated biomass

• Energy: affordable, reliable and zero-emission

Green Renewable Constrained :

• Long lead times

• Expensive

• Mineral intensive

• Agricultural productivity: declining soil health, increasing fertiliser costs

• Ignores waste-to-energy (WTE) and waste-to-X (WTX) opportunities

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The Solution

Patented COLD ry closed-loop decarbonisation solution:

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Immediately Commercialisation
Proven Modular Zero-waste
Deployable 2024
Leverages cheap, abundant waste and low-cost resources to enable affordable, zero-emission solutions
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ECT Technology Suite

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COLDry HydroMOR COHgen CDP-WTE
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Waste to Energy Net Zero solution for high-value products from waste and lowvalue resources.

Low Emission Iron Making Utilising waste and lowvalue resources to produce iron and steel.

Hydrogen Low and zero-emission hydrogen from waste and low-value resources.

Low emission fuel

Low-emission conversion of waste and low-value resources to liquid fuels, bitumen and asphalt.

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Strategy

Commercialisation

Race to Revenue: Supply & Offtake 2024

High Value Products

Low CAPEX & OPEX

Growth Partnerships Deployment 60 à 120ktpa Drivers Patented Demand Growth Net Zero Technology

Demand Growth

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COLD ry: Three Product Streams

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Patented &
Proven
Product 3
Syngas + Heat = more $
Value
Closed loop
Processing
Net Zero
Closed loop
Pyrolysis
Low CAPEX &
$ VALUE Product 2
OPEX
Feedstock
Char/Activated
Biomass + Carbon = $
Lignite
Product 1
Scalable
COLD ry
Pellets sold CO2
for fuel or
further
Carbon processing
Credit
PROCESS
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Markets and Products: Net Zero

Enabling waste to valuable products Diversified product options Activated Char - filtration Hydr Growth markets ogen Agricultural Char – soil health Hard-to-abate sectors Advanced Carbon COLD Import replacement ry Syngas - energy Soil Health Hydrogen - energy Clean fuels – H2 DME – low emission fuel Low carbon fuels - DME Industrial Chemicals – Formic Acid

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Race to Revenue Projections & financial analysis

Project Parameters

Supply Product Plant Waste & lowHigh-Value Capacity cost inputs COLD ry Target throughput 20% / 80% ~57,000 Biomass ~120,000 tonnes per annum tonnes per annum Lignite Blend

Performance Estimates Phase 1 IRR estimate >50% Payback Period estimate ~2.6 years Recurring Revenue 30+ years Modular: expandable to Latrobe Valley Future syngas offtake revenue streams

Estimates reflect management's internal goals as at 24 November 2023 and should not be taken as forecasts or guidance in any way. No representation is made that these estimates will be realised. Stated estimates are indicative and based on a range of assumptions that are subject to numerous risks and uncertainties.

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ECT 2024 COLD commercialisation schedule ry

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Q4 CY23 Q1 CY24 Q4CY24
Finalise Design Validate tender Commission and
and Pricing Finalise contract Operation
Award
Finalise supply Commence
& offtake Construction Steady state
Q1 CY24 Q2 CY24 Q4 CY24
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Beyond 2024

• Syngas Bacchus • Hydrogen Marsh • DME • Project Evaluation Latrobe • COLD Project ry Valley Development • Project Evaluation Global • Project Market Development

Technology Development

HydroMOR Pilot Plant COHgen Test Plant CDP-WTE Demonstration Plant

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ECT COLD Investment Rationale ry

We are in the right the place at the right time to meet today’s challenges and offer investors a low-tech risk, low development risk, low capex, highly scalable, near-term breakeven investment opportunity to participate in a major energy transition theme where governments and large industry players are desperate to find solutions.

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Environmental Low Capital Undervalued Attractive Growth Immediate Net Zero Solution Investment Share Price Returns Opportunities

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ECT Thank you. ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED