VOLT GROUP LIMITED — Declaration of Voting Results & Voting Rights Announcements 2021

May 6, 2021

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7 May 2021

	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results	Volt Power GroupProxy Results
			1,789.3 97.01 4.5 0.25 2.5 0.14 2,629.0 98.00 4.1 0.15 1.2 0.40 1,783.7 96.58 11.4 0.62 0.0 0.00 2,565.3 97.54 12.8 0.49 55.0 2.09 1,782.3 96.56 12.8 0.69 1.2 0.06 1,772.3 96.54 12.8 0.70 11.2 0.61 1,772.3 96.54 12.8 0.70 11.2 0.61 1,782.3 96.50 14.0 0.76 0.0 0.00 1,783.0 96.62 4.2 0.23 1.5 0.08 For Agains Absain Votes(Mn) % Votes(Mn) % Votes(Mn) %
	Resolution 1 Remuneration Report		For		Agains		Absain
			1,789.3 Votes(Mn)	97.01 %	4.5 Votes(Mn)	0.25 %	2.5 Votes(Mn)	0.14 %
	Resolution 2	Peter Torre Re-elecion	2,629.0	98.00	4.1	0.15	1.2	0.40
	Resolution 3	Incentive Option Scheme	1,783.7	96.58	11.4	0.62	0.0	0.00
	Resolution 4	Option Issue Ratifcation	2,565.3	97.54	12.8	0.49	55.0	2.09
	Resolution 5	Option Issue – Adam Boyd	1,782.3	96.56	12.8	0.69	1.2	0.06
	Resolution 6	Option Issue – Simon Higgins	1,772.3	96.54	12.8	0.70	11.2	0.61
	Resolution 7	Option Issue – Peter Torre	1,772.3	96.54	12.8	0.70	11.2	0.61
	Resolution 8	Termination Benefts	1,782.3	96.50	14.0	0.76	0.0	0.00
	Resolution 9	Secion 195	1,783.0	96.62	4.2	0.23	1.5	0.08

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ANNUAL GENERAL MEETING 2021
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Disclaimer

Important notices and competent person's statement

This document has been independently prepared by Volt Power Group Limited (Volt) for its 2021 Annual General Meeting.

This document is for informational purposes only. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Volt. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, will not be lodged with the Australian Securities and Investments Commission, and may not be relied upon by any person in connection with an offer or sale of Volt securities.

Summary information

This document contains a summary of information about Volt and its activities that, unless otherwise stated, is current as at the date of this document. The information in this document is general in nature and does not contain all the information which a prospective investor may require in evaluating a possible investment in Volt or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act or the securities laws of any other jurisdiction.

No liability

The information contained in this document has been prepared in good faith by Volt, however no guarantee, representation or warranty expressed or implied is or will be made by any person (including Volt and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document. No person other than Volt is responsible for the preparation of this document.

To the maximum extent permitted by law, Volt and its affiliates and their directors, officers employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.

Statements in this document are made only as of the date of this document unless otherwise stated and the information in this document remains subject to change without notice. No responsibility or liability is assumed by Volt or any of its affiliates for updating any information in this document or to inform any recipient of any new or more accurate information or any errors or mis-descriptions of which Volt and any of its affiliates or advisers may become aware.

occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Volt’s actual results, performance or achievements to differ from those referred to in this document. Accordingly Volt and its affiliates and their directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of these events referred to in the document will actually occur as contemplated.

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential growth of Volt, industry growth or other projections and any estimated company earnings are forward looking statements. Forward-looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Volt. Actual results, performance, actions and developments of Volt may differ materially from those expressed or implied by the forward-looking statements in this document.

Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Volt and any of its affiliates and their directors, officers, employees, agents, associates and advisers:

• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions;

• do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and

• disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

Not financial product advice

This document does not it constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does not involve or imply a recommendation of a statement of opinion in respect of whether to buy, sell or hold a financial product.

An investment in Volt is considered to be speculative in nature. Before making any investment decision in connection with any acquisition of securities, investors should consult their own legal, tax and/or financial advisers in relation to the information in, and action taken on the basis of, this document.

Forward looking statements

Certain information in this document refers to the intentions of Volt, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The

Acceptance

Each recipient of this document is deemed to have accepted the qualifications, limitations and disclaimers contained herein.

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ANNUAL GENERAL MEETING 2021
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Business Overview

Waste Heat to Power

Solar Lithium Light / Comms Towers

Proprietary Crushers

Lowest cost zero emission power

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ANNUAL GENERAL MEETING 2021
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ATEN Waste Heat to Power A Zero Emission, Baseload and Low Cost power generation solution utilising industrial waste heat otherwise vented to atmosphere

2020/21 Achievements & Opportunities

LCOE1 up to 50% cheaper than generation equiv. Solar/BESS Solution – compelling value proposition

Up to 1500MW of existing power stations in WA are ATEN viable - ~300MW installed ATEN opportunity 14MW ATEN Stage 1 Feasibility Study submitted 50MW ATEN EoI response submitted ATEN Aust. Innovation Patent granted – 2020

Hydrogen compatible – ATEN is fuel agnostic Efficiency technologies technically superior for industrial Carbon Intensity reduction Autonomous operation & zero water requirement Efficiency technology & renewables can co-exist

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ANNUAL GENERAL MEETING 2021
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Six Reasons Why ATEN

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ATEN Capability

Benefit

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1 Energy Efficiency

2 Lowest Cost

3 Low Emissions

4 Grid Stability

High Carbon Intensity reduction Up to 50% cheaper than Solar/BESS Reduces diesel & gas fuel consumption

Baseload, zero emission power

OCGT efficiency up ~20% Recip efficiency up ~10%

Significant cost savings vs all other Zero emission alternatives Up to 20% lower Carbon Intensity

Enhanced grid stability & reliability performance

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5 No Water

6 Autonomous Operation

No process water requirement

No skilled labour requirement

Remote site water resources preserved & cost saved Reliance of human resource reduced & costs saved

1. LCOE calculated according to ARENA methodology using 8% discount rate, site delivered gas price $4/GJ ; 2. OCGT installation

Disrupting mobile diesel light tower markets

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ANNUAL GENERAL MEETING 2021
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• EcoQuip Solar Light & Comms Towers

• The Strategy - displace diesel fuelled light towers & supply ‘best in class’ autonomous network reinforcement solar comms towers

2020/21 Achievements & Opportunities

Zero OPEX, maintenance & emissions / benchmark illumination performance

50% cheaper to hire & operate than diesel fueled alternatives Robust design & build quality, autonomous operation, extensive data analytics Chevron 2020 Harry Butler Award winner

High quality US domiciled supply chain – Australian assembly FMG, Chevron, Aggreko, Thiess Contracting – extensive trialing completed & discussions advancing Existing fleet of ~65 Mobile Solar & Communications Towers / Growth plans significant

Huge addressable market – Australia / USA > resources, construction, road maintenance sectors

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ANNUAL GENERAL MEETING 2021
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• Six Reasons Why EcoQuip Mobile Solar

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Capability

Benefit

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1 Robust Design & Build

US military spec. design & build Remote site compatible

Reliability & safety enhanced

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2 Robust Power Budget

3 No CAPEX / OPEX

4 Zero Emissions

5 Autonomous Integration 6 Active Power Management

Industry leading power management & budget capability Hire offering & zero operating cost & maintenance

Zero fuel consumption & emissions GPS, Wi-Fi, 4G data telemetry & control

Dynamic predictive performance management

Reliability & illumination performance

50% cheaper than hire diesel alternative

Zero CO2, noise & exhaust emissions

Remote control & data analytics Reliability & light security

The sample crusher global benchmark

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ANNUAL GENERAL MEETING 2021
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Wescone Crushing Equipment Wescone W300 crusher is globally unique & specifically designed for iron ore sample systems & metallurgical laboratory analysis 2020/21 Achievements & Opportunities

New BHP 5-Year Purchase Service Exchange Contract executed in August 2020 New Africa Distribution Agreement executed in February 2021 – tender for W300 Series 3 & 4 supply submitted 9x new W300 Series 4 crushers delivered to BHP in 2020

6x new W300 Series 4 Purchase Orders received from BHP in 2021

Settlement of Wescone vendor litigation achieved with $1.3 million to Volt and Royalty Agreement terminated Wescone forecast to generate 2021 EBITDA > $1.2 million

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ANNUAL GENERAL MEETING 2021
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• 5 Reasons Why Wescone W300 Crusher

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Capability

Benefit

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1 Lifecycle Performance

Durability, reliability, low maintenance costs

Enhanced productivity, reduced cost, increased ship loading

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2 Single pass efficiency

3 Output sizing adjustment

Design superiority delivering 100% output specification Dynamic output sizing

Simple design, reliable output, low installation cost Optimised sample preparation

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4 System Design Simplicity

P90+ Specification performance

No oversize output return system

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5 Low Mass

Compact, light weight

Maintenance, safety & installation benefits

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ANNUAL GENERAL MEETING 2021
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• Next Steps Commercialisation, Deployment & Earnings Growth

Waste Heat to Power

Solar Lithium Light / Comms Towers

Proprietary Crushers

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ANNUAL GENERAL MEETING 2021
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Corporate and Management

Capital Structure & Performance Shares on issue 9,170M 395M Options on issue 84% Market Cap $27.51M @0.3c / Share 300% Cash 1.0M 25% (forecast 31 July 2021) $0.1M Debt 50% ~$27M Enterprise Value 270%

Existing Share Register

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Volt Directors Genus Plus ASX Float

Board

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Simon Higgins Non-Executive Chairman Adam Boyd CEO & Managing Director Peter Torre NED & Company Secretary

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Corporate Achievements

Settled Wescone litigation for $1.3M payment and royalty agreement termination Achieve 2 consecutive quarters of surplus cashflow

Management

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Dave Sharp GM, EcoQuip Tim Banner Lead Process Engineer Richard Jarvis Chief Financial Officer

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Q&A