ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. — AGM Information 2024

Oct 20, 2024

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ECT ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED

AGM Presentation COLD ry Fertiliser Project 21 October 2024

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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Current Future Project Opportunities Bacchus Marsh

Agriculture

Industry

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Energy
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• COLD ry

• Lignite-nitrogen fertiliser

• Hydro MOR

• • Low emission steelmaking

• COLD ry Hydrogen

• • Net-negative hydrogen production

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Race to Revenue

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Options Commercial & Technical
Assessment Financial Activities Next Steps
ESG Partnership Techno-economic
Field Trials
Energy Development modelling
Syngas/Hydrogen/
Methanol
Site electrical
ESG Partnership Offtake Agreement
Activities capacity limits
Industry
• Activated Char
• Hydro MOR Working Capital Plant Design
Construction
Non-dilutive Finalisation
Agriculture Project Financing
Product Testing Commissioning
COLD ry Fertiliser Debt finance
4 Q4CY23 – Q2CY24 Q1CY24 – Q4CY24 Q2CY24 – Q4CY24 Q4CY24 – Q2CY25
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Value Proposition

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Leveraging alternative inputs
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Conventional Nitrogen Fertiliser: $8.5Bn Australian Market[1]

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Environmental 30-50% Loss Emissions Inefficient & Expensive[2] Atmospheric & Aquatic

COLD ry : Lignite-Nitrogen Fertiliser[2]

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50% LESS urea
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EFFICIENT EFFECTIVE 23% 64% LOWER 59% HIGHER NOx emissions Plant Recovery of N HIGHER CROP YIELD 73% LOWER 21% HIGHER Ammonia Loss Nitrogen Uptake 59% LESS 50% LOWER Nitrogen Leaching Emissions

Source: (1) Mordor Intelligence Industry Reports: Australia Fertilizer Market (2) Fate and recovery of nitrogen applied as slow release brown coal-urea in field microcosms:[15] N tracer study

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JV with ESG Agriculture

ECT: Technology & Production Demonstration Optimised • COLDry Technology Plant Plant Plant • Granulation Process Capacity Capacity Capacity • Logistics 30,000 50,000 200,000 Tonnes Per Year Tonnes Per Year Tonnes Per Year ESG: Sales & Marketing • Sustainable Agriculture Project Cost Project Cost Project Cost + = JV • Extensive Industry Relationships $13M +5M +$50.1M • Commitment to Innovation Target Target Target Result • Completion Completion Start 50/50 Joint Venture • Lignite-nitrogen fertiliser product Q2 CY25 Q2 CY25 H2 CY25 • Revenue Q3 CY24 Q4 CY25 Q1 CY25 Q2 CY25 Q3 CY25 Q4 CY25 Q1 CY25 Q2 Field Trials Phase 1 Optimisation $ Phase 1 Demonstration Phase 2 Commercial Plant Start

Schedule

Estimates reflect management's internal goals as at 30 September 2024 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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Steel Industry

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Carbon
Intensity
1.8-3.8t
tonnes CO2 per tonne of
steel (average)
Green Steel
Premium
+$150
per tonne
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Share of global emissions 8%

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Hard to
Decarbonise
High-temperature.
Carbon-intensive.
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Solution

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Emissions
LOW EMISSION
Advantage
1.3t • ~35% lower than a blast furnace
• ~65% lower than coal-based DRI
LOWER CAPEX
Steel Making CO2 Intensity
0.64x 4
~65%
3
64% of a Blast Furnace
2
HIGHER ROI 35%
1.3t
1
1.62x
62% higher than a
Blast Furnace 0
Coal-based DRI Blast Furnace HydroMOR
Tonnes of CO2 per tonne of steel
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Green steel premium: https://www.woodmac.com/news/opinion/green-steel-challenging-thestatus-quo/

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Net-negative Hydrogen

REDUCTION CO 2 -39.9kg Benefit CO2/kg H2 Net-negative without the need for CCS CAPEX OPEX 0.5x 0.17x

SUSEX 0.5x

COST 0.23x

8 Comparison is based on a 100MW grid-connected electrolyser producing ~14,000 tonnes of hydrogen annually and a COLDry-Pyrolysis Plant producing an equivalent amount of hydrogen. Char yield operational range of 40-55% with target of 47% represented. Includes Scope 1 and 2 emissions from grid electricity consumption.

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CO2 Comparison – 100MW Hydrogen Equivalent
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COLDry-Pyrolysis to Hydrogen
Electrolysis
Production
50
1.7 - 12.6
12.6
40
34.3
-34.7
30
27.4
20
10
0
Target -5.6 Operating
Condition
- Range
10
Char
Total Electricity Biomass
Net Lignite Biomass (grid) Credits Products
Position
Kg CO2 per kg H2
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ECT Investment Rationale

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