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Scaling Affordable Solutions for Strategic Infrastructure ASX:HZR Q1 FY27 Investor Webinar hazergroup.com.au Tuesday, 20 October 2026
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DisclaimerImportant information This presentation has been prepared by Hazer Group Hazer Group is an Australian technology company, driving global decarbonisationefforts with the commercialisation-leading climate-Process, enables the production of two product streams clean and economically competitive hydrogen and high-using a natural gas (or biogas) feedstock and iron-ore as the process catalyst.Summary Information This document contains a summary of information about Hazer Group Limited and its activities that is current as at the date of this document unless otherwise stated. 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 Hazer or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 or the securities laws of any other jurisdiction. The other periodic and continuous disclosure announcements lodged with the ASX.No Liability The information contained in this document has been prepared in good faith by the Company however no guarantee, representation or warranty expressed or implied is or will be made by any person (including the Company 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 the Company is responsible for the preparation of this document. To the maximum extent permitted by law, the Company 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, forecasts, 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 the Company or any of its affiliates (or their directors, officers, employees, associates, advisers and agents) 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 the Company and any of its affiliates or advisers may become aware.Financial data All amounts are in Australian Dollars (AUD) unless otherwise indicated. A number of figures, amounts, percentages, estimates, calculations of values and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. Readers should be aware that a number of terms used in this presentation including ROI, NPV, net cash generation, operational cash expenditure, IRR and actual and budgeted commitments are categorised as non-IFRS information prepared in accordance with ASIC Regulatory Guidance 230 (Disclosing non-IFRS financial information), nor does it purport to be. This information has not been audited and is based and management estimates and not on financial statements prepared in accordance with applicable statutory requirements. Accordingly, readers should treat this information with appropriate caution. This information is for illustrative purposes only. This non-IFRS financial measures do not have a standardised meaning prescribed by Australian International Financial Reporting Standards (AIFRS) or the Australian Accounting Standards (AAS) and, therefore, may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with AIFRS. Moreover, the disclosure of such non-IFRS financial measures in the manner included in this Presentation and the announcement to which it is attached may not be permissible in a registration statement under other securities acts. Although the Company believes that these non-IFRS / non-GAAP financial measures assist in providing additional meaningful information to readers in and underlying drivers, readers are cautioned not to place undue reliance on any non-IFRS / non-GAAP financial measures included in this Presentation and the announcement to which it is attached.Forward Looking Statements Statements contained in this document or made during or in connection with this presentation, including but not limited to those regarding the possible or assumed future production, costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Hazer, industry growth, commodity or price forecasts, or other projections and any estimated company earnings are or may contain or comprise forward looking statements. Forward looking statements can generally be looking statements including all statements in this presentation regarding the outcomes of preliminary and definitive feasibility studies, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, 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 the Company. Actual values, achievements, results, performance, actions and developments of the Company may differ materially from those projected, 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, the Company 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 in this document 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). Nothing in this document will under any circumstances create an implication that there has been no change in the affairs of the Company since the date of this document. Accordingly, you should not place undue reliance on any forward-looking statement.Not Financial Product Advice This document does not 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 the Company is considered to be speculative in nature and is subject to known and unknown risks, some of which are beyond the control of the Company. 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.Acceptance By attending a presentation or briefing, or accepting, accessing or reviewing this document you acknowledge, accept and agree to the matters set out above.AuthorisationThis document has been authorised for release by the Board of the Company.2 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Converting Natural Gas into Energy and Critical MineralsAffordable. Scalable. Now.climate technology; accelerating the delivery of affordable clean 3 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Why Hazer wins The Hazer Process AdvantageLow-Cost PyrolysisLow-Emission ProcessWater-Free TechValuable GraphiteInfrastructure ReadyCommercial ScaleOne Process, Two Strategic Products, Low CO2 Hazer ProcessLow CO2emissions HydrogenGraphiteHigh PurityLow CostLow EmissionsValuable carbon co-product Critical mineral exposureH2Natural Gas (CH4) Direct methane conversion to clean hydrogen and solid carbon; low CO2emissionsA scalable, plug-in solution delivering low-cost H2and valuable graphite with low CO2emissions 4 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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0510 Hazer SMR + CCS Electrolysers Hazer offer negligible emissions, cost competitive pathway for industries that already rely on hydrogen - without the challenges of carbon capture (CCS) or electrolysis H2cost (US$) per kg by type* Low EnergyConsumption Lower CO2 Emissions Valuable GraphiteCo-Product5* Company aspirations that should not be read as forward-looking statements. See disclaimer - Slide 2 and Assumptions & Notes Slide 27CCSSMRHazer CostParity with SMR(w/o CCS) Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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0510 Hazer SMR Electrolysers CO2emissions intensity per kg H2by type -beating emissionsemissions intensity is on par with electrolysers where green power is available but is much lower than electrolysis on a normal grid. 20% of energy to split gas vs H2O Lower CO2 emissions Carbon captured as a solid for sale & use6* Company aspirations that should not be read as forward-d power.See disclaimer - Slide 2 and Assumptions & Notes Slide 27Renewable power*Grid PowerRenewable power*Grid PowerSMR creates CO Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Q1 FY27 Highlights & Strategy Update
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Q1 FY27 Highlights: Advancing commercial opportunities 1. $12.9m (30 Sep 26) comprising $8.3 million of cash and restricted cash, $2.3 million of R&D rebate (received October 2026) and $2.3 million of further grant funding to be earnedA$4.6m1R&D RebateUp 124% YoYXXXxx New pipeline opportunities addedA$17.2m2 Government grants Further grant funds to be earned A$2.3mR&D refundReceived October 2026 A$12.9mFunding position1Extended runway through major milestonesA$2.3m Japanese utility study leads commercial progress, alongside graphite testing and steel-sector opportunities. 8 1Japan Paid StudySecured 4GraphitePerformance ValidatedBattery-grade purityachieved; asphaltperformance demonstrated. 2Steel OpportunitiesExpandingSupporting Whyallaredevelopment alongsideat least 5 new globalsteel opportunities. 3Global ProjectDevelopment AdvancingProjects progressing acrossCanada, the UK and Australia; commercial opportunities materialising. 5Market TailwindsGlobal low-emissionshydrogen production grew20% in 2025.First KBR-originated paid study; assessing 30,000 and 300,000 tpaopportunities Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Whyalla: UnPotential game-changing commercial deployment for Hazer technology Headquartered in Australia, a market leader in the supply of steel making raw materials and ranking among the top three seaborne metallurgical coal movers in the world M Resources leads world-class partner group Blast furnace closure accelerates green-steel pathwaySelection decision likely before year-end green-steel economics9 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Hazer is ideally suited to low-emissions steelmakingAffordable clean hydrogen supports the shift from coal-based steelmaking to hydrogen-based DRI 10Hazer's cost advantage make low emissions steel more viable 7-9%Steelmaking share of global CO2 ~85%DRI potential emissions reduction 10x to 50MtpaGrowth in H2based steel by 2050Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026 World Steel Association Worldsteel.org ; IEA Global Hydrogen Review 2026; ASX Announcement 8 October 2026
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De-risked technology; ready for marketRapid development since company founding and advancing Tech Readiness Level Lab and Bench ScaleCatalyst kinetics and process researchPilot ScaleFluidised bed optimised conditions & catalyst injectionCommercial Demonstration Plant (CDP)End-to-end continuous plant operationsCanada PilotHeat transfer confirmed for resistive heating reactorsLarge-Scale Reactor Simulation (PSRI)Large scale fluidisationto validate commercial scale-upIndustrial User Plants / FOAKIntegrated industrial application supply2007-2013 2017-2021 2022-Present 2024-2025 2025+ 2026+ KBR commence DDKBR Alliance 30ktpa+ plant design11 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Methane pyrolysis advances towards commercial deploymentHazer's 30,000 tpa design brings methane pyrolysis to a scale comparable with conventional hydrogen production 12 The IEA identifies Hazer as a global methane pyrolysis leader, positioned to compete with SMR at commercial scale.IEA refers to International Energy Agency; Global Hydrogen Review 2026 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Hydrogen production of up to 300,000 tonnes a year using existing power infrastructure Japanese utility enters paid study First KBR-originated commercial study since completing design packageH2production deployment potential up to 300,000 tpaValidates Hazer-KBR Alliance and Japanese market opportunityAligned with UK government policy and potential for funding support13 Hazer-KBR alliance secures paid study with Japanese energy utility Building on established partnerships with Mitsui and Chubu Electric/Chiyoda Corp. Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Overview of key scale-up development projects Projects moving through feasibility, site selection and licensing toward commercial execution 14 Canada 2.5ktpa; industrial use Japan 2.5ktpa; Power & Industry Korea 10ktpa+; Clean steel England 20ktpa; Ammoniaktpa refers to thousands of tonnes per annum Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Industry Sector Region Scale (H2 capacity) StatusChemical Co.Petro-chemicalsEurope & Asia-PacificUp to 10,000 tpa Offtake discussions underwayEnergy GroupLiquid Fuels Middle East Potential up to 180,000 tpa Bid being evaluatedIntegrated UtilityClean Power Asia-PacificInitially 30,000, then up to 300,000 tpaStudy under finalisationLNG Super MajorMultiple incl. Data US & Global 100,000+ tpa Strategic discussionsIron / Steel ProducerGreen Iron & SteelAustralia & Global100,000 tpa Global deployment opportunitiesData Centre DeveloperEnergy & Comp US Over 100,000 tpa First partnership advancing Progressing commercial negotiations across multiple strategic projects 15Opportunities are indicative at this stage and do not imply a binding commitment, final investment decision, or guaranteed future revenue. Capacity figures are approximate and subject to ongoing engineering and commercial development Globally diversified pipeline across energy, industry & infrastructure; commercial engagements progressing Multiple project opportunitiesacross steel, ammonia, clean fuels, data centres & other industrial sectorstpa = tonnes per annum Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Hydrogen & Graphite Market Update
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Other Industrial UsesMarket Size:13MTPADefence, Rubber, Lubricants ,etc. 17 Hazer Graphite is a versatile and valuable productTesting and product development underway with project partners, potential offtakers and industry experts Iron & Steel Manufacturing Market Size860MTPA Concrete & AsphaltMarket Size412MTPA Thermal Energy StorageMarket Size4.1MTPAWater TreatmentMarket Size1.5MTPA Critical Mineral ApplicationsMarket Size1.5MTPAOther Industrial UsesSeveral global engagements advancingFirst offtake signedDual-products Qualified by BoralMTSHallett dealPurification to battery-grade confirmedElectrical testing underway Hazer graphite delivers a LOCAL, LOW-EMISSIONS andSECUREsupply of a critical mineralMarket size sources provided on Slide 27MTPA denotes million of tonnes per annum Tested Qualified Live TestingHazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Hazer graphite achieves battery grade milestoneIndependent testing successfully achieves 99.99% purity 18Battery-grade graphite is a small, high-specification market for HazerFurther details available in the announcement released to the ASX on the 15thJune 2026 Purity, form and costFixed carbon, wt.% (schematic, not to scale)~85-95%As Produced~99%Purified Grade>99.95%Battery Spec>99.99%Hazer Thermal Test Strengthens ex-China supply chainsHigh-value niche marketIndependent testing by industrial specialistBattery performance testing underwaySupports government critical minerals & decarbonisation priorities Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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19 Testing by Boral Construction Materials Technical Services against Transport for NSW heavy-duty pavement specificationsIndependent asphalt testing: Hazer graphite can replace a portion of bitumen Blending graphite into C450 bitumen Tensile Strength Ratio specimens Tensile Strength Resistance to Damage+8 pointsFormulation with Hazer graphite89%Conventional control mix81%Higher is better. A higher ratio indicates improved resistance to damage.Market contextRoad bitumen, 2026~122 Mt2035~175 Mt4.1% a year growth forecast (IMARC). Market data: IMARC Group research commissioned by Hazer (March 2026), road construction and pavement segment. Results relate to the formulations tested and do not guarantee commercial adoption. Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Low-emissions hydrogen grows 20% in 2025IEA reports low-emissions hydrogen growth is accelerating 20 103 Mt2025 global hydrogen demand20%Growth in low-emissions hydrogen produced$240 B2025 market size (US$) What hydrogen is used for (Mt H2, 2025)Industry57AmmoniaMethanolSteelRefining44Other (incl. new applications)~2Hydrogen is already a 100 Mt+ industrial market. The IEA's focus: low-emissions supply into existing uses first.Source: IEA (2026), Global Hydrogen Review 2026; Market size DNV Energy Transition Outlook 2026 . Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Industry focus shifts to cost, scale and commercial readiness 21Hazer well positioned at the intersection of cost competitiveness, scalability and industrial demand Hazer participation in panel session: Scaling through partnershipsDriving progress in the H2industry Surging global energy demandPower, AI and infrastructure drive demand growthReliable, affordable and secure energyGas and practical decarbonisation solutionsAsia emerging as a critical hydrogen demand centre Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Corporate Update
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value creation phaseBuilding a multi-product licensing platform Strategic Priorities 23Upfront fees,royalties andlong-term valuecreationRecurring RevenueCustomers buildand operatecommercial-scaleplantsProjectsLicense technologyand provide standarddesign, engineeringand supportLicensingProprietary methanepyrolysis technologydelivering H2andgraphite withlow emissionsTechnologyConvert KBR-led opportunitiesinto licensing & projects1Progress Canada projecttowards execution2Win Whyalla greensteel project3Expand graphite offtakesacross key industries4Secure strategicpartnerships and financing5Hazer is building a multi-project licensing platform forglobal energyand critical minerals security Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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FY2026 Q2 Webinar Q&A
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Hazer Group LtdASX:HZRInvestor Relations Enquiries:contact@hazergroup.com.auMedia Enquiries:spitaro@nwrcommunications.com.auhazergroup.com.au
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Abbreviations and units used ARENA CDP Site visit October 2025 CCS Carbon Capture & StorageCDP Commercial Demonstration PlantDRP Direct Reduction ProcessIP Intellectual PropertyFID Final Investment DecisionKTPA thousands of tonne per annumLCOH Levelised cost of hydrogenLNG Liquified Natural GasMOU Memorandum of UnderstandingMMBTU Million British Thermal Units (A thermal unit of measurement for Natural Gas)MTPA millions on tonne per annumPDP Process Design PackageSMR Steam Methane ReformingTPA tonne per annum26 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026
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Assumptions and notes ARENA CDP Site visit October 2025 27 Slide 5 - H2cost (US$) per kg by type (No assurance that actual outcomes will not differ materially from these amounts.)Sources: Company analysis and projections for a US-located Hazer-enabled plant of ~50ktpa hydrogen production capacity, modelling a range of notional outcomes: 1. Feedstock gas Long-term US Henry Hub gas price ~US$2.0/mmbtu, 2. ~US$500/tonne graphitic carbon revenue, offset against operating expenses pricing referenced with independent reports procured by the company International Market Analysis Research and Consulting (IMARC ) specifically tailored 3. Location-specific electricity pricing sourced from third-party market references.4. ~US$130/tonne company estimate for iron ore catalyst supply.5. Other variables based on business judgement and company analyses. 6. No Government funding, tax incentives or debt funding upside benefit included. 7. Other hydrogen types pricing : https://www.iea.org/reports/global-hydrogen-review-2025Slide 6 -beating emissions (No assurance that actual outcomes will not differ materially from these amounts.)1. enewable Power scenarios assume additional 80% green power beyond base case grid supply. 2. Emissions allocation based on guidance from ISO14044 and EN15804. Each project will differ and require LCA certification.3. Comparison of the emissions intensity of different hydrogen production routes, 2021 Charts : Dec. 11, 2025. [Online]. Available: https://www.iea.org/data-and-statistics/charts/comparison-of-the-emissions-intensity-of-different-hydrogen-production-routes-2021.4. Electrolyzer[Online]. Available: https://www.hydrogen.energy.gov/docs/hydrogenprogramlibraries/pdfs/24005-clean-hydrogen-production-cost-pem-electrolyzer.pdf5. -with-us/services/consultancy-strategic-advice-services/csiro-futures/energy-and-resources/national-hydrogen-roadmap6. -change/publications/australias-emissions-projections-20237. mate-change/greenhouse-gas-emissions/national-greenhouse-accounts-factorsSlide 17: Hazer Graphite is a versatile and valuable productAdapted from various data sources and studies including:Market sizes are referenced from 3rdparty / independent studies that have been procured by Hazer, including the IMARC study referenced above specifically tailored for Hazer.- -E Available: https://www.energy.gov/sites/default/files/2021-09/h2-shot-summit-panel2-methane-pyrolysis.pdf-Production of Hydrogen and Value-Added Solid CaNational Laboratories, Nov 2017 Available: https://www.osti.gov/servlets/purl/1411934 Hazer Group Ltd - FY27 Q1 Webinar Tuesday, 20 October 2026