VOLT GROUP LIMITED — Investor Presentation 2016

May 30, 2016

ASX:ERJ

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Disclaimer

Important information

This document contains general background information about the activities of Enerji Ltd as at 31 May 2016. 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.

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.

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Corporate Snapshot Overview

12 Month Share Price Performance

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$0.06
$0.05
$0.04
$0.03
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ASX Code	ERJ
Share Price (30 May 2016)	2.7c
Shares on Issue	580,027,845
Performance Rights	17,500,000
Options (ex@ $0.25)	7,500,000
Options (ex@ $2, exp 31/12/16)	6,473,904
Cash (31 March 2016)	$0.532 million
Convertible Note	$0.5 million
Market Capitalisation (30 May 2016) Key Shareholders	$15.6 million
Top 20 shareholders	57.34%

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Board & Management

Rod Phillips: Non-Executive Chairman Peter Avery: Non-Executive Director John Dekker: Non-Executive Director Andrew Vlahov: Chief Executive Officer Stephen Jones: Chief Financial Officer Peter Torre: Company Secretary

Note : 17.5 million performance rights, and 7.5 million unlisted options exercisable at $0.25, based on certain share price hurdles

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R & D
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• ATEN 2,3,4

• Thermal Efficiency

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• Commercial 3 months • Northern Star (Contract) • Resolute (MOU) • Tier 1 Miner Pending Evaluation

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Growth 12 to 18 months • Australia • Africa • Renewables

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Funding Product Team Earnings
Discovery
Growth
& & Delivery @ Profile
plan
Diagnostics Finance Capability Enerji & Profit
WIP WIP WIP
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Date	Event	Status	Notes / Purpose / Related to
September 2015	AV joins ERJ	Completed	Appointed CEO
October 2015	ERJ SNC Lavalin MOU	Completed	Explore SNC Lavalin client base
November 2015	Capital Raise	Completed	$821K raised (target $1.5M)
December 2015	ERJ Access Energy MOU	Completed	First MOU for ATEN license to Asia
January 2016	ERJ & NST announce deal (5+2+2 years)	Completed	First ATEN project confirmed for Australia
February 2016	ERJ & Yokogawa MOU	Completed	Explore Yokogawa client base – leverage on renewable capabilities
March 2016	ERJ & Magna Convertible note	Completed	ASX notification
March 2016	ERJ & Resolute MOU	Completed	First ATEN project initiated for Africa – subject to evaluation
March 2016	ERJ & Western Power MOU	Completed	Joint feasibility for Kalbarri Microgrid opportunity. FID September 2016
March 2016	ERJ & Inspired Evolution MOU	Completed	African financing strategy
May 2016	ERJ receives R & D Rebate	Completed	$899K received

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Strategic Plan - Overview

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Funding
Corporate Project
Business Development
Heat to Power Renewables
Execution
Strategic Partner Other Partnerships
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• Enerji has actively pursued a range of funding and finance options

  • Working capital

  • Project finance for Jundee

  • Ongoing access to standardised project finance for future projects

• Discussions and negotiations are ongoing – no definitive position has been reached as of today

• Enerji is confident that an agreement will be reached in the near term

• Enerji’s board of directors and management are committed to successfully concluding this element on sound commercial terms

• Please monitor our ASX Announcements or website for further updates –

• www.enerji.com.au

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Company	Site	ATEN systems	MW	Status
Northern Star	Jundee	1 x ATEN 4	1.5 MW	Contracted
2nd Australian Client	WA	6 x ATEN 4	9.6 MW	Phase B
3rd Australian Client	WA or NT	2 x ATEN 4	3.0 MW	Phase A
Resolute	Mali, Africa	1 x ATEN 4	1.6 MW	Phase B
2nd African Client	Africa	1 x ATEN 4	1.5 MW	Phase A
			17.2 MW

Phase A : Correspondence / NDA / Phase B : Data exchange / ATEN Phase C : PPA Negotiation / First meeting Proposal / Evaluation Execution Timelines

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ATEN - Technology Progression

• ATEN is heat to power technology

“ Accretive ” because

for constant heat in, there is increased power out

Accretive Thermal E nergy Node

• ATEN 1 – Carnarvon pilot plant with organic Rankine cycle (ORC) generator

• ATEN 2 – modified ATEN 1 with and exhaust collector circuit added and the multiple exhaust heat exchangers replaced with a single larger one, delivering increased efficiency and reduced cost

• ATEN 3 – modified ATEN 2 with second heat exchanger added to capture more heat from additional sources like solar-thermal, furnace exhausts, process steam and other process heat

• ATEN 4 – conversion of thermal transfer circuit from pressurised hot water to thermal oil and addition of a high temperature wet steam cycle(WSC) generator in series with the ORC generator, delivering significant efficiency and output increase for modest added cost

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Technical Application - Jundee

• °

• • ATEN 4 with 455 C exhaust gas, 340°C thermal oil and rated output of 1,500kW (2 x 750kW generators)

• Fully modular and re-locatable (inc footings)

• Heat extraction

• Thermal governing (and controls)

• ORC module

• WSC module

• • Cooling

• Compact plant area approx. 30m x 15m

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Commercial Application

• Independent technical validation for the ATEN design and critical data points has been obtained

• Generator original equipment manufacturer for host plant is satisfied with ATEN technology with no warranty impact

• Key component and ATEN system manufacture and installation contractors have been qualified

• Tendering has been completed with pricing on-budget

• Specifications and documentation ready for award

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• Enerji continues to build its capability to deliver on its goals

• Working with experienced groups to assist Enerji enhance sales to clients

• Deep business development experience in combining engineering and financing principles to achieve results, with extensive relationships across primary target clients

• Australian, African and South American operations credibly extends the reach of Enerji into existing and future markets

• Background in mining, oil and gas and energy sectors ensure a distinct diversity of approaches

• Extensive network and experience in building and delivering outcomes

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Africa Strategy – Project Development
A pipeline of projects is key to funding and profit scalability
•
Review and project due diligence with some of southern Africa’s largest power
infrastructure groups
•
Review and project due diligence with some of West Africa’s largest power
developers
•
Ongoing discussion with multiple southern African government owned power and
infrastructure enterprises
•
Ongoing discussion with companies regarding stand alone, off grid power projects
•
Ongoing collaboration via Trinity LLP with key power development clients
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Summary

• Enerji has come from a long way back in the race

• Board and management are committed to successful outcomes

• Enerji has opportunity to become a market leader in energy solutions

• Enerji can transform itself

• Sustainable funding

• Partnerships

• Strategic direction

• Performance measurement

Working capital / Project Finance Heat to Power, other energy solution options Strong leadership Remain focused and objective

Enerji is now on a pathway to success

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