Investor Presentation December 2020

Mid-West Renewable Resource Zone - All The Right Stuff Premium Renewable Resource Precinct Renewable resources - Coastal Mid-West is one of Australia's highest rated renewable energy resource regions for both wind & solar as assessed by Geoscience Australia Government strategic focus – WA Government committed to developing the Mid-West major industrial area and renewable resource zone into a global renewable energy and hydrogen hub - Renewable energy demand - Mid-West renewables resources and hydrogen resource potential attracting interest of major International and local companies pursuing renewable energy projects Established Infrastructure Grid connected – Served by Western Power's South-West Integrated System 330 kV transmission lines Pipeline connected - Access to DBNGP & Parmelia Gas Pipelines provide potential pathways to market for hydrogen Ports, road & rail - Mid-West Region endowed with established infrastructure Clear Hydrogen Development Pathway Blue hydrogen - Combination of existing Perth Basin gas supplies, low cost renewable energy and existing suitable CCS/CCUS assets can support first-mover, lowest cost blue hydrogen supply chain Green hydrogen - Abundant low cost renewable energy & abundant H₂O in combination with blue hydrogen provides foundation for development of lowest cost green and blue/green hydrogen supply chain. Green iron & steel – Combine low cost blue/green hydrogen supply with World-class Mid-West magnetite iron production provides opportunity for globally cost- competitive green iron & steel 12 Investor Presentation December 2020 Pilot Energy

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