#1For personal use only 17 February 2016 ENBRJi HEAT TO POWER CORPORATE PRESENTATION - AUSTRALIA UNITED STATES BUSINESS WEEK Enerji Limited (ASX:ERJ) encloses an updated Corporate Presentation which will be presented by CEO Andrew Vlahov as part of his participation in Australia United States Business Week, an Australian Trade Commission initiative, which will be held across several US cities over the next two weeks. The presentation will be given at a number of industry and investor events in Silicon Valley and New York focused on the energy innovation and disruptive technology sectors. ENDS Further Information: Andrew Vlahov Chief Executive Officer +61 411 131 113 [email protected] John Gardner Citadel-MAGNUS +61 413 355 997 Suite 22, 513 Hay Street, Subiaco 6008, Western Australia PO Box 1933, West Perth 9872, Western Australia Phone: +61 8 9430 7522 | www.enerji.com.au ASX: ERJ#2For personal use only GLOBAL Strategic Alliance Opportunity Finance Joint Venture Partnership Client February 2016 ASX:ERJ ENERJİ HEAT TO ▸ POWER#3For personal use only Disclaimer Important information This document contains generalbackground information about the activities of Enerji Ltd as at 31 January 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. ASX:ERJ ENERJİ HEAT+TO+POWER#4For personal use only . • Our Business A thermal energy company harnessing waste HEAT to produce POWER We target the untapped thermal resource that is wasted heat Proven heat sources including diesel/ gas to power IPP's, metal roasters, refineries, specific industrial processes Exciting new market opportunity in zero emission energy New advanced technology - Accretive Thermal Energy Node (ATEN) Potential for solid growth via strategic alliances Strategy to achieve near-term revenue Skilled technical and management team to deliver project outcomes ASX:ERJ ENERJİ HEAT+TO+POWER#5For personal use only Investment & Finance Financing Partners Clean & Renewable Energy Funds • Power or Infrastructure Funders Development Banks Industry Banks • Traditional & Non-traditional Private Equity Investors seeking coupon returns ASX:ERJ ENERJİ HEAT+TO+POWER#6For personal use only Joint Venture Partners • Power & engineering expertise • Power generation skillset for • . • remote sites Region specific partner Country specific partners Exposure to domestic power utilities and power plant operators ASX:ERJ ENERJİ HEAT+TO+POWER#7For personal use only Client Profile • Installed capacity > 15MW • Remote power generation . . • Mining process with high heat source Pays high input costs Seeking cost reductions Seeking enhanced power load Seeking clean energy outcomes No material effect on existing operation during deployment ASX:ERJ ENERJİ HEAT+TO+POWER#8For personal use only Thermal Energy: Vast Untapped Resource • Power generation and industrial processes are highly inefficient • Almost half (48%) of the energy they generate is wasted as ● heat considerable financial and environmental cost High temperature (HI) heat is easily recovered via steam turbines • Low temperature (LT) heat has historically been technically difficult to harvest ERJ s advanced ATEN technology has the ability to harness waste heat from both high and low-grade sources, to produce clean power ASX:ERJ Fossil Fuel Power Stations Steel Mills ENERJİ HEAT+TO+POWER#9For personal use only Thermal Energy: Vast Untapped Resource Approximately 48% of total global energy generation is lost as heat Other Nuclear Hydro 63,655 PJ/a 29,541PJ/a Electricity Generation Gas 28,480 PJ/a Other losses Energy input* Energy output* * *source: International Energy Agency Electricity Information Statistics 2014, worldwide: not including combined heat and power plant ASX:ERJ Thermal Losses 30,382 PJ a ENERJİ HEAT+TO+POWER#10For personal use only Zero Emission / Renewable Energy Landscape SOLAR Capex intensive Large footprint required Intermittent High maintenance costs WAVE Very Capex intensive Not applicable to remote applications Long lead times Geographically constrained + WIND Capex intensive Inconsistent High maintenance costs Low harmonic health concerns Public objections THERMAL Low capex Small footprint Low operating costs Ideal for remote locations Zero emissions Applicable to most industrial processes Ready for deployment ASX:ERJ ENBRJi HEAT TO POWER#11For personal use only Accretive Thermal Energy Node (ATEN) Technology Capital Efficient Scalable Compact Simple Connection Single heat-to-power system collects heat from multiple sources, ensuring limited capex Standardised modular design with the ability to prefabricate Easily transported from low-cost manufacturing locations, requires minimal on-site real-estate Minimum impact on customers; low operating risk and opex Streamlined Deployment ASX:ERJ Reduced project risk; minimal disruption; speed to market ENERJİ HEAT TO POWER#12For personal use only Accretive Thermal Energy Node (ATEN) Technology Capturing waste heat from a range of sources and converting it into electricity Unique ability to harness heat from both low and high grade sources in one system Customised, modular technology designed to meet specific customer needs Applicable in multiple configurations to harness different heat-generating sources +US$8 m invested in development and IP Full-scale prototype completed, fully tested and commissioned First Australian contract completed - (ASX: NST) Northern Star Resources Enerji Heat Exchanger ASX:ERJ ENERJİ HEAT+TO+POWER#13For personal use only Benefits to Enerji Customers Low risk. Low capex. Low opex. Zero emissions. Significant cost savings. Provides clean electricity with zero pollution and zero carbon emissions Unlocks potential savings by optimising existing energy infrastructure and lower fuel use Provides a hedge against rising operating costs Complementary to infrastructure from existing power provider(s) - located outside client power plant footprint Low operational costs to customer ASX:ERJ Heat Recovery Units Installed ENERJİ HEAT+TO+POWER#14For personal use only Summary ERJ can harness a huge untapped resource wasted thermal energy - Significant market opportunity given customer demand for low cost, efficient and 'green' sources of power AFRICAN and ASIAN growth opportunity with licensing program - seeking partners • Advanced ATEN technology has the ability to be custom designed for specific client requirements Applicable in any environment - including remote mining sites in Africa • Extensive in-house experience and intellectual property Simple but robust revenue model consisting of fixed and variable payments ASX:ERJ ENERJİ HEAT+TO+POWER#15For personal use only Contacts Andrew Vlaho v Chief Executive Officer Phone: +61 41113 1113 Email: [email protected] ENERJI HEAT TO POWER C22, Level 1, 513 Hay Street Subiaco, Western Australia 6008 Phone: +618 9430 7522 Email: [email protected] www.enerji.com.au ASX:ERJ ENERJİ HEAT+TO+POWER#16For personal use only Appendix 1: Management Bios Andrew Vlahov - Chief Executive Officer Andrew has a strong background in business development, marketing and innovation, and brings to Enerji the unique combination of elite sport and corporate success. He was CEO and owner of the Perth Wildcats from 1999 to 2006, was its Managing Director from 2006 to 2009 and is the founder and Executive Director of the Friendship Games. He has more than 10 years' experience working with Australian companies to advance their commercial relationships in Asia, in particular China, Singapore and Indonesia. Andrew is a four-time Olympian and was awarded the Medal of The Order of Australia (OAM) in 2016 and the West Australian of the Year (Sport) in 2015 in recognition of his excellence in achievement, development, administration and promotion of sport in the WA community. Andrew holds a degree in Economics from Stanford University (USA). Colin Stone house - Chief Development Officer Colin has more than 30 years experience in the power and energy sector. He has been the recipient of the IEAust (AC Waters) scholarship where he undertook research in Europe and the USA in technical, commercial and regulatory aspects of waste to energy conversion and power generation. His other qualifications and awards include Leading and Managing Strategic Change (AGSM), Senior Executive Development Program (Melbourne Business School), Leadership Development Program (UWA Business School, AIM WA), Vincent Fairfax Ethics in Leadership Award (Saint James Ethics Centre), Graduate Diploma Business - strategic planning (Deakin) and Bachelor of Engineering (Curtin). ASX:ERJ ENERJİ HEAT+TO+POWER#17For personal use only Appendix 2: ATEN product-lines Multiple product lines catering for differing client applications: 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. ASX:ERJ ENERJİ HEAT+TO+POWER