VOLT GROUP LIMITED — Investor Presentation 2015

Feb 9, 2015

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10 February 2015

Australian Securities Exchange Ltd

Investor Presentation

Enerji Ltd is pleased to present the attached investor presentation for February 2015. Progress in the development of the ATEN product line and on Enerji’s “Five-Projects” strategy is in response to a process of opportunity identification and sound strategic planning. I believe this work is a considerable accomplishment and is now a significant driver to grow shareholder value.

I especially would like to draw attention to the following:

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• Enerji has been successful in reducing its net operating cashflow. As reported on 29 January 2015, for the December 2014 quarter Enerji had a net cash outflow of only $157,000. Cash at the end of quarter was $691,000 and the further R&D rebates from the 2014 full-year are expected and will be reported in due course.

• The notice on 3 February 2015 announcing the planned $15.1m Solar Thermal Hybrid Project, the MOA and associated conditions is a particularly significant milestone. Subject to those conditions and as set out in the attached presentation, the project presents an opportunity for Enerji’s first revenue projected to be in line with commercial returns on equity.

• Furthermore, the funding strategy for the Solar Thermal Hybrid Project is a mix of grants, debt and existing equity – importantly no new capital is expected to be required for this project.

Yours sincerely,

Steve Formica Chairman Enerji Ltd

1/136 Stirling Hwy, North Fremantle, WA 6159 PO Box 1933, West Perth, WA 6872 info@enerji.com.au | www.enerji.com.au

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Enerji Ltd ABN 62 009 423 189 T +61 8 6420 9930 | F +61 8 9430 7522

February 2015

Disclaimer

Important information

This document contains general background information about the activities of Enerji Pty Ltd as at 9 February 2015. This presentation is a summary only and does not contain all the information necessary to fully evaluate any transaction or investment. It should be read in conjunction with Enerji’s other periodic and continuous disclosure announcements to the ASX. At the time of preparation. best efforts have been taken to ensure the accuracy of information contained.

Competent Person Statement

Information in this presentation has been compiled by Colin Stonehouse who has sufficient experience relevant to the power and energy industry. Colin Stonehouse consents to the inclusion in the summary of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

This announcement contains certain “forward looking” statements that are not based on historical fact. The word “targeting”, and other similar expressions are intended to identify forward looking statements. Forward looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies by management concerning future events which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Forward-looking statements including projections, indications or guidance on future earnings or financial position and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. There can be no assurance that actual outcomes will not differ materially from these statements. To the full extent permitted by law, Enerji Ltd and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions.

There are a number of risks, both specific to Enerji Ltd and of a general nature, many of which are outside the control of Enerji Ltd which may affect the future operating and financial performance of Enerji Ltd and the value of an investment in Enerji Ltd including and not limited to economic conditions, stock market fluctuations,, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel,, foreign currency fluctuations, and project development, construction and commissioning risk. Enerji Ltd makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release.

General Disclaimer

Research and the counsel of a qualified financial adviser or accountant are strongly recommended to anyone considering investing in listed company securities, including Enerji Ltd.

Capital Structure

Shares on Issue Share Price (as at 09/2/15) Market capitalisation 30c Options $2 Options

550,673,677 0.010 $5.5 million 133,147,686 6,473,904

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This image is of Enerji’s Carnarvon project
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Thermal energy from in the power sector is a vast resource that is easily captured

This image is for illustration purposes only and is not an Enerji project

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“Thermal energy wasted worldwide in making electricity
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What scale is thermal energy is more than all the coal burned to make electricity”
Geothermal
AU$1.2 trillion/yr
Electricity
Hydro Nuclear Gas 28,480 PJ/a
Transitional
63,655 PJ/a
Old energy Untapped energy
Other Thermal losses
Coal
losses 30,382 PJ/a
29,541 PJ/a
Energy input Energy output
*source: International Energy Agency Electricity Information Statistics 2014, worldwide: not including combined heat and power plant
calculation to indicate approximate scale: converted at 1AUD = 0.78USD on 5 Feb 2015, on US12.1c/kWh average US residential electric price 2013: source Statista
Solar/Wind 1,678 PJ/a
Biofuel
Oil
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Thermal energy from industrial processes is also of a high grade and easy to access

This image is for illustration purposes only and is not an Enerji project

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Enerji harvests heat to produce power

1. that is environmentally friendly

2. is predictable and manageable

3. and has a vast and mostly untapped resource

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AU$1.2 trillion/yr
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… and we want to stop the worlds manmade thermal energy from being wasted!

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To address a massive demand - Enerji has been working on its “Five-Projects” strategy and on its Accretive Thermal Energy Node (ATEN) to:

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Harvester skid
Thermal governing skid
Attenuating
heat exchanger
Thermal transfer
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Harvest heat normally lost in power generation or industrial processes

Concentrate and regulate the heat

Convert the heat to electric power

Unlock revenue by selling power or unlock savings by displacing fossil fuels

Lower fuel use and hedge against rising costs

Decrease maintenance costs

Provide clean electricity with zero pollution and zero carbon emissions

A Blue Energy solution for industry targeting corporate responsibility objectives

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We are a thermal energy company

“below are some other types of energy companies”

1. EDF (76b) 1. Exxon Mobil (416b) 2. GDF Suez (65b) 2. Shell (238b) 3. ENEL (53b) 3. PetroChina (225b) 4. Duke Energy (50b) 4. Chevron (220b) 5. Iderdrola (44b) 5. BP (156b) Electrical Thermal Petrochemical energy energy energy*

source Statista, world largest electric companies, 1 April 14 market cap in USD *source PwC, worlds larges oil & gas companies, 31 March 14 market cap in USD

disclaimer: this slide is to show thermal energy companies in the context of other energy companies and Enerji has no relationship with the other companies referred to here

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come down, driving further uptake.
Laboratory
learning or experience curve.
Development
Maturity
2014: $0.47
Solar PV experience curve
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Thermal losses
for comparison
30,382 PJ/a
Solar/Wind
1,678 PJ/a

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How we expand our market and our scale

1. we know how to increase thermal efficiency

2. (i.e. $ per MWth of capacity)

3. step by step with ATEN we are doing both to target a 4X improvement

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Efficiency
(heat converted to power)
10% 20% 30%
Now
1 “Profitable when displacing
gas generation”
Target
0.5 “Profitable when displacing
coal generation”
Specific
cost
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Shale gas: zero to 39% market share in 7 years
100%
90%
Conventional gas wells Shale
80% CSG
70%
60%
50%
40%
30%
Oil wells
20%
10%
0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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Source of US gas production, US Energy Information Administration

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The strategy for growing shareholder value

1. Enerji’s future is intellectual

2. Short pathway to revenue - “Five-Projects” strategy applies our specialist capabilities to develop commercial projects

“criteria for project development: profit efficient use of capital build experience lower costs build value in proprietary IP”

1. Develop valuable technology - with ATEN to focus on thermal efficiency, cost reduction and risk mitigation

“criteria for technology development: unlock massive markets build market share create competitive advantage opportunity for licensing revenue acquisition value”

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Image courtesy of Solastor Pty Ltd
This image is not of this Hybrid Solar Thermal Project
but is representative of the concept and equipment
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Location: Western Australia Technology: ATEN 3

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ASX announcement 3 Feb ’15, includes project conditions Budget capex - $15.1M

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Funding strategy - mix of grants, debt and existing equity - no further capital expected Budgeted return - a commercial return on equity is targeted, it is not yet secured and is subject to meeting the project conditions and budgets Generation 5.5GWh/yr potential for 10 GWh/yr

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Five-Projects

“the projects below and the Solar Thermal Hybrid project comprise the Five-Projects strategy”

Remote area power station:

Heat harvested from generator exhaust to economically offset fossil fuels

Generation potential: 10GWh/yr Technology: ATEN 2

Industrial waste heat:

Heat harvested from furnace exhaust to economically offset grid electricity

Generation potential: 900GWh/yr Technology: ATEN 4

Industrial waste heat:

Heat harvested from process steam to economically offset grid electricity

Generation potential: 60GWh/yr Technology: mixed

Industrial waste heat:

Heat harvested from both generator exhausts and process steam to economically offset grid electricity

Generation potential: 300GWh/yr Technology: mixed

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This image is of Enerji’s Carnarvon project

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This image is of Enerji’s Carnarvon project
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Advantages of ATEN

collected into a single heat-to-power system

Scalable - standardised design and ability to prefabricate

Compact - easy transport from low cost manufacturing locations and minimal site real estate Simple connection - minimum impact or operating risk for host heat sources Streamlined deployment – reduce project risk and increase the speed and ease of deployment

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ATEN product-lines

“refer ASX announcement 17 November ’14”

ATEN2 - harvests heat from multiple medium temperature sources (typically up to 475C), via a single modular heat recovery unit, power is generated using an ORC unit. ATEN3 - harvests heat from sources with two distinctly different characteristics. The higher temperature heat supplements lower temperature heat to optimise the overall system thermal efficiency, power is generated using an ORC unit.

ATEN4 - harvests heat from sources with multiple distinctly different characteristics. Like ATEN 3, the higher temperature heat supplements lower temperature heat to optimise the overall system thermal efficiency but power is generated using cascading steam or ORC turbines.

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Unique advantage

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Revenue target
$20m
$15m
$10m
$5m
FY FY FY
15 16 17
$0m
0 80 200 400
Contracted GWh p.a.
Contracted annual net revenue
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• ATEN developed for a streamlined approach

• ✦

• ✦ Low implementation cost

• ✦ “Over the fence” solution

• ✦ WIN WIN business model for Enerji and its clients

• ✦ Modularity and prefabrication to mitigate risk

Our experience

• ✦ Tapping into 70 yrs of leading power sector experience

• ✦ Research experience and PhD personnel

• ✦ Successfully deployed power generation > 1000 megawatts and over $1 billion of value

Robust margin and annuity bases revenue model

• ✦ Continue to target net contracted revenue of $4 million p.a from “Five-Projects” deals in current FY

• ✦ Value pool is shared with our thermal energy hosts

• ✦ Revenue is annualised

• ✦ Simple payback target of 2.5 to 5 years

this graph illustrates Enerji’s target to secure contracts with corresponding net revenue, it is based upon what Enerji believes is achievable but the targets are not forecasts This image is of Enerji’s Carnarvon project and should not be used for decision making purposes.

• ✦ Equipment life is 20 years plus!

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Now ready…..

“More power….less emissions….less cost”

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Over $11 m invested in development and IP

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Strong engineering capability now in place and growing

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revenue and is expected to require no additional capital

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Robust type of revenue model

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Top 20 shareholders hold 61.5% of stock

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Dec ’14 quarterly net cashflow outflow $157k, cash at quarter $691k, further R&D rebates expected for full year 2014

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Strong project pipeline with effective “Five-Projects” strategy

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ATEN product-lines targeted at tapping massive thermal energy resource with potential for global application

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Rapid scale up potential

Low market cap - $5.5m

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Thank you

Colin Stonehouse, CDO

Peter Avery, Manager Investor Relations Phone: 0417 172 005

Unit 1/136 Sterling Hwy, North Fremantle Western Australia 6159, Australia Phone: (08) 6420 9930

www.enerji.com.au