HAZER GROUP LIMITED — AGM Information 2017

Nov 21, 2017

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HAZER GROUP LTD
AGM PRESENTATION – NOVEMBER 2017
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DISCLAIMER

IMPORTANT INFORMATION

This presentation has been prepared by Hazer Group Limited (“Hazer” or “the Company”)

This presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any person to sell or purchase securities in Hazer in any jurisdiction. This presentation contains general information only and does not consider the investment objectives, financial situation and 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 having regard to their personal objectives, financial situation and needs before taking any action.

No representation or warranty, express or implied, is made 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, prospective statements or returns contained in this presentation. Such forecasts, prospective statements or returns are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Hazer.

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

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OVERVIEW OF
ACHIEVEMENTS 2017
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2017 ACHIEVEMENTS

LABORATORY DEVELOPMENT

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DEC Superior first discharge results show Hazer graphite
2016 outperforms natural and commercial synthetic
MARCH Hazer graphite shows excellent performance
2016 over 50 – 100 cycles in lithium-ion batteries
AUG
2016 Hazer produces 99.99% ultra-high purity synthetic graphite
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2017 ACHIEVEMENTS

SCALE-UP MILESTONES

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JAN
Construction begins on Pre-Pilot Plant (PPP)
2017
MARCH
Hazer completes construction of PPP facility
2017
APRIL
First hydrogen and graphite produced from the PPP
2017
JULY
Hazer completes commissioning of PPP
2017
NOV Hazer completes first catalyst addition in PPP to
2017 demonstrate preliminary continuous operation
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2017 ACHIEVEMENTS

CORPORATE & COMMERCIAL

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MARCH
$5m strategic placement from MinRes
2017
APRIL
2017 Share purchase plan raises additional $2.1m
OCT
2017 Non-binding HoA with MinRes to develop graphite plant
OCT
2017 MoU signed with Primetals Technologies
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2017 ACHIEVEMENTS

INCREASE IN EXPERTISE

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FEB
Appointment of Terry Walsh as Non-Executive Director
2017
APRIL
Cobus Malherbe joins as General Manager of Process Development
2017
JULY
Ex-PWC Global Mining Leader Tim Goldsmith secured as new chairman
2017
LAST 12
MONTHS Significant increase in size of technical team
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2017 ACHIEVEMENTS

MEDIA & EQUITY RESEARCH COVERAGE

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$1 PRICE $1 PRICE
TARGET TARGET
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SNAPSHOT OF HAZER
GROUP LTD
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CORPORATE AND MARKET SNAPSHOT

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(ASX: HZR, HZRO)

Capital Structure

Current Shares on Issue	76.5m
Restricted Securities	10.2m
Total Tradeable Shares	66.3m
Market Capitalisation @$0.55	$42m
Cash @ 30 Sept 2017	$6.5m
Options	54.5m
Cash From Option Exercise	$23.0m
Substantial Shareholders
Mineral Resources Ltd	10.3m
Mr Geoff Pocock (MD)	4.2m
Dr Andrew Cornejo (CTO)	3.8m
UWA	1.5m
Total Top 20 (ASX Listed Shares)	42%

Share Price & Volume

HZR Share price & volume (4 mths)

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$0.700 2,000,000
1,800,000
$0.600
1,600,000
$0.500
1,400,000
1,200,000
$0.400
1,000,000
$0.300
800,000
$0.200 600,000
400,000
$0.100
200,000
$- -
14-Jul-17 14-Aug-17 14-Sep-17 14-Oct-17 14-Nov-17
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THE HAZER PROCESS

HYDROGEN AND GRAPHITE FROM NATURAL GAS

CH 2H 4 2 + C

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NATURAL GAS
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IRON-ORE

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HYDROGEN
2
US$100 BILLION PA
SYNTHETIC
GRAPHITE
US$15 BILLION PA
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THE HAZER ADVANTAGE

HAZER CAPTURES ALL THE VALUE OF FEEDSTOCK GAS

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2
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HYDROGEN
25%
METHANE
CARBON
75%
GRAPHITE
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STEAM METHANE REFORMING (SMR)

HAZER PROCESS

Instead of carbon dioxide, the carbon content of the natural gas is captured in the form of solid graphite making the process both cleaner and more cost effective

Current large scale hydrogen production processes like Steam Methane Reforming come at a huge CO2 emission cost

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POTENTIAL MARKETS

OPPORTUNITIES IN THREE MAJOR GLOBAL MARKETS

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INDUSTRIAL
HYDROGEN
US$100 Billion
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CLEAN HYDROGEN
AND ENERGY
US$18 Billion by 2023 (FCV)
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SYNTHETIC
GRAPHITE
US$15 Billion
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• Cheaper and cleaner alternative

• Multiple applications

• High quality, low cost graphite source

• Oil refining, ammonia production, other industrial chemicals

• Currently primarily addressed by fossil fuel reformation processes

• Hazer has potential to deliver significant cost savings and reduced GHG emissions for industrial hydrogen producers

• Key component of clean energy future (H2 => H2O + energy)

• Fundamental cost, energy limitations for existing hydrogen production options

• Fuel cell vehicles, stationary power applications

• Range of industrial materials applications

  • Growth - energy storage (batteries)

• Currently addressed by mining, synthetic graphite production with significant environmental impacts

• Other applications including Carbon Capture and Utilisation (CCU) and synthetic fuels

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MOU SIGNED WITH PRIMEMETALS

DEPLOYMENT OF HAZER TECHNOLOGY IN STEEL INDUSTRY

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Joint Venture of…

• Hazer has executed an MoU with Primetals Technologies, a leading global engineering company and solution provider for the metals industry

• Joint investigation to assess utilising the Hazer Process to reduce the cost and environmental impact of steel production;

• Carbon Capture and Utilisation - CO2 emissions can be captured and chemically converted to valuable downstream products, including methanol or synthetic liquid fuels.

• Hydrogen as alternative reductant – Use of Hazer’s hydrogen as an alternative to carbon-based reducing agents, significantly reducing the CO2 footprint of steel production

• Graphite as alternative to coal - Graphite produced by the Hazer process to be used as a co-reductant and carburiser for steel making, reducing the need for coking coal

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CARBON CAPTURE & UTILISATION (CCU) HAZER PLANT INTEGRATED INTO STEEL PRODUCTION

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CO2 Emissions
STEEL PLANT
Hydrogen
(Reductant
) Hydrogen
(CCU Usage)
Graphite
(Coke Replacement)
CCU / METHANOL PLANT
HAZER PLANT
Graphite Steel Methanol
3 Products = 3 Revenue Streams
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PARTNERSHIP WITH MIN

INVESTMENT AND COMMERCIAL PARTNER

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• In March 2017 Hazer completed A$5M strategic placement with ASX-listed mining and mining services provider Mineral resources Ltd

• MIN significantly increased their stake in Hazer to 14%

• 3[rd] October Hazer signed a Heads of Agreement with Mineral Resources for the potential development of a commercial synthetic graphite facility;

• MIN to fund the commercial development

• Hazer to obtain royalties from graphite sales

• Initial target production of 10,000tpa

• Hazer to form part of MIN’s growing battery / energy storage materials operations

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POTENTIAL FUTURE
DEVELOPMENTS
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LABORATORY PRE-PILOT PLANT

HAZER HAS MADE SIGNIFICANT PROGRESS IN SCALE-UP

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2016
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STAGE 1-2 - LABORATORY

STATIC BED REACTOR FLUIDIZED BED REACTOR

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2017
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STAGE 5
FULL COMMERCIAL PLANTS
STAGE 4
COMMERCIAL PROTOTYPE
(PILOT PLANT)
TBC
2018
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STAGE 3 – PRE-PILOT PLANT

CONSTRUCTED AND COMMISSIONED 2017

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FUTURE TARGETS

TECHNICAL GOALS

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•
SCALE-UP
DEVELOPMENT • Increase production rates and run times
•
• Battery testing beyond 100 cycles
GRAPHITE
•
DEVELOPMENT
•
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• Next generation reactor design and implementation

• Begin design process for the next scale of Hazer plant

• Evaluate commercial viability for graphite across additional markets

• New phase of battery testing with 99.95% material

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FUTURE TARGETS

COMMERCIAL GOALS

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OTHER
COMMERCIAL
GOALS
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• Completion and execution of binding agreement with Mineral Resources Ltd for development of synthetic graphite project

• Ongoing milestones as collaboration progresses

• Development of technical roadmap to determine preferred development pathway

• Progression to a binding formal agreement with Primetals execute roadmap

• Continue to bolster board, management, and technical teams

• Progress commercial discussions with potential partners domestically and internationally

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POTENTIAL FUTURE PLANT

THE HAZER PROCESS

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COMMERCIALISATION OPTIONS

BUILD DIVERSIFIED REVENUE THROUGH MULTIPLE COMMERCIAL OPTIONS

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BUILD, OWN
PARTNERSHIP LICENSE
& OPERATE
Hazer can Share capital &
License IP to 3 [rd]
construct & own operating costs
parties and generate
with hydrogen or
plants and sell
high margin royalty
graphite partners
products
CURRENTLY INVESTIGATING MULTIPLE OPTIONS ACROSS
DIFFERENT BUSINESS MODELS
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EXPERIENCED & CAPABLE TEAM

STRONG CORPORATE, COMMERCIAL AND TECHNICAL EXPERIENCE

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Mr Geoff Pocock | Managing Director

• Founder, HazerGroup Ltd

• Over 15 years experience in corporate finance, commercialisation and strategy

• Ex Managing Partner mid tier strategy consulting business

• Tertiary qualifications in Chemistry, Law and Applied Finance

Mr Terry Walsh| Chief Development Officer

• Former commercial lawyer with 20 years project development experience

• Former General Counsel, Hancock Prospecting Pty Ltd

• Previous roles with Rio Tinto, and leading law firms in Perth and Sydney, focusing on development

Cobus Malherbe | GM – Process Dev’t

• Masters in Chemical Engineering and over 20 years of international engineering and team management experience

• Previous relevant experience in roles at Santos Ltd, Linc Energy and Sasol Ltd.

• Chartered Chemical Engineer, registered with the Board of Professional Engineers of Queensland

Mr Michael Wills| Marketing & Comm’s

• 12 years experience in strategic communications and media

• Significant expertise in marketing strategy for ASX listed companies, including crafting communications collateral, implementing brand identity and attracting new investors

• Extensive experience working with high networth individuals and investors

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• Active investor in ASX-listed small cap companies

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STRONG BOARD CAPABILITIES

COMMERCIAL, TECHNICAL & REGULATORY EXPERTISE

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• Mr Tim Goldsmith| Chairman Ms Emma Waldon| Company Sec / CFO

• Over 20 years as Partner with global  Over 18 years global corporate experience.

• Over 20 years as Partner with global professional services group PwC

• Diverse financial, corporate advisory and risk management roles at Ernst & Young, Euroz Securities, Lloyds Banking Group (London) and Deloitte.

• Leader of PwC’s Mining Group, and National China Desk leader at PwC

• Over 30 years corporate and commercial experience across international mining and industrial business operations

• Significant Company Secretary / CFO experience with public companies

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• Member, AICA, a Fellow of the FINSIA and a Certificated Member of GIA.

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Ms Danielle Lee| NED

• Corporate lawyer with more than 20 years’ experience with approximately 9 years as legal counsel at ASX Sydney and Assistant Manager at ASX Perth.

• Main practice areas are corporate advisory, governance and equity capital markets; regularly advises on issues relating to the Corporations Act and ASX Listing Rules

• Dr Andrew Harris | NED

• Lead Director of the Engineering Excellence Group, Laing O’Rouke

• Professor of Chemical and Biomolecular Engineering at the University of Sydney

• Previously the CTO of Zenogen, a hydrogen production technology company, and a cofounder of Oak Nano, a start-up commercialising novel carbon nanotube technology.

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AND (SOME OF) THE REST OF THE TEAM

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Michael Wills MARKETING, COMMUTATIONS & IR mwills@hazergroup.com.au

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