Announcement PDF Delorean Corporation Ltd FY26 4E Preliminary Results Presentation August 2026 www.deloreancorporation.com.au Important Notice & Disclaimer This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. The purpose of this presentation is to provide general information about Delorean Corporation Ltd (“Delorean” or the “Company”). This presentation is current as at 31 August 2026 (unless otherwise stated herein) and the information contained in it is in a summary form and does not purport to be complete. The information in this presentation remains subject to change without notice. It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not necessarily contain all information which maybe material to the making of a decision in relation to the Company. Any investor should make their own independent assessment and determination as to the Company’s prospects prior to making any investment decision and should not rely on the information in this presentation for that purpose. This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future. This presentation is not, and does not constitute, an offer to sell, or the solicitation, invitation or recommendation of an offer to buy, any securities in any jurisdiction, including the United States, and neither this presentation, nor any of the information contained herein, shall form the basis of any contract or commitment. The information in the presentation does not constitute an advertisement for an offer or proposed offer of securities and does not constitute a representation that an offering will occur. No person is authorised to give information or make any representation that an offering will occur. Any securities of Delorean have not been, and will not be, registered under the U.S. Securities Act or the securities laws of any state or other jurisdiction of the United States and, if there is an offer of securities, may not be offered or sold in the United States except in transactions exempt from or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws. This presentation is presented for informational purposes only. It is not intended to be, and is not, a prospectus, product disclosure statement, offering memorandum or private placement memorandum for the purpose of Chapter 6D of the Corporations Act 2001. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for, and make no representations or warranty for, the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. This presentation contains “forward-looking statements” and comments about future events, including statements about Delorean’s expectations about the performance of its business. Forward-looking statements may include words such as “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “out-look”, “upside”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan”, and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication, prediction or guarantee of future performance. Actual results may differ materially from those expressed or implied in such statements and these differences maybe material. The forward-looking statements in this presentation involve known and unknown risks and other factors, many of which are beyond the control of, or unknown to, Delorean, its directors, officers and employees, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Such forward looking statements are based on information available to Delorean as at the date of this presentation. Recipients are cautioned not to place undue reliance on forward looking statements and except as required by law or regulation, Delorean assumes no liability to update these forward-looking statements. Such statements speak only as of the date hereof, and Delorean has no obligation to update or revise any such statements to reflect any change in events, conditions or circumstances on which any such statement is based. No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved or prove to be correct. Recipients of this presentation must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of the Company or the Company’s securities. The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. Disclaimer 2 Company Overview Delorean is building a network of assets across Australia using mature in-vessel anaerobic digestion technology to produce renewable gas, renewable electricity and biogenic carbon dioxide from organic waste diverted from landfill. Delorean has pioneered this sector in Australia and built a track record delivering high- yielding projects helping to transform and decarbonise Australia’s energy sector. DIVERSIFIED INCOME – DELOREAN’S VERTICALLY INTEGRATED MODEL DERIVES INCOME FROM THREE POTENTIAL SOURCES ENGINEERING • Engineering, Procurement, and Construction (EPC) Contract Margins • Operation & Maintenance (O&M) Contract Margins • Sale of Renewable Natural Gas (Biomethane) • Sale of Renewable Biogenic Liquid CO₂ (LCO2) • Gate Fees for Acceptance of Organic Waste • Sale of Liquid Fertilizer (future upside) • Trading of Environmental Green Credits: - Australian Carbon Credit Units (ACCUs), - Renewable Gas Guarantees of Origin (RGGOs) - Large-scale Generation Certificates (LGCs) - Biogenic CO₂ certification (future upside) • Future Energy Contracts DELOREAN CORPORATION (ASX: DEL) IS AUSTRALIA’S LEADING DEVELOPER OF BIOENERGY INFRASTRUCTURE INFRASTRUCTURE ENERGY RETAIL 3 Delorean’s Next Growth Chapter DELOREAN CORPORATION LTD IS IN ITS NEXT PHASE OF GROWTH, TRANSITIONING FROM EPC CONTRACTOR INTO LONG-TERM INFRASTRUCTURE OWNERSHIP THROUGH EXECUTION OF ITS SCALABLE HIGH-YIELDING BUILD-OWN-OPERATE PLATFORM IN AUSTRALIA’S RAPIDLY EMERGING RENEWABLE GAS MARKET. Delorean Investment Highlights ✓ Delorean is the only ASX listed Build-Own-Operate (BOO) renewable biomethane developer in Australia with a strong track record of delivering successful award-winning projects across Australia/NZ ✓ Significant pipeline of bioenergy projects under development to capitalise on the growth of Australian bioenergy and biomethane market. ✓ Strategically positioned to develop its portfolio of BOO projects with significant industry partners ✓ High margin business with diversified and contracted revenue flows – predictable and stable income once assets are operational, underpinned by long-term contracts, diversified revenues and attractive project economics ✓ Unique proposition on the ASX providing direct equity exposure to shovel-ready organic waste and clean energy infrastructure projects that demonstrate significant project-level IRRs ✓ Bioenergy industry has significant ‘green’ tailwinds driven by demand for renewable energy production and waste diversion ✓ Strong ESG credentials Achievement Snapshot as at FY26 DELOREAN IS STRATEGICALLY INVESTING IN CLEAN ENERGY INFRASTRUCTURE AND PROJECT DEVELOPMENT 5 Invested (net of grants and tax incentives) on Balance Sheet in Project Development portfolio $51M PROJECT DEVELOPMENT ($30.5M are subject to financial close) $43M GRANTS AWARDED LMS Energy Pty Ltd 9.97% STRATEGIC SHAREHODLER SECURED Across Agricultural, Commercial, Industrial and Municipal Waste Streams $83M 4 PROJECTS COMPLETED Partnerships with Brickworks, AGIG, Origin, Supagas, ARENA, NAB, NSW & QLD Govt., ATCO, Opal 10+ STRATEGIC PARTNERSHIPS 9x $500M+ Development Portfolio LONG-TERM PROJECTS STRONG IP & FOUNDATIONS HIGH DEMAND MARKET GROWING PORTFOLIO LONG-TERM VALUE UPSIDE INDUSTRY LEADER Without lost time injury (LTI) during the year. 80,000+ SAFE WORK HOURS A C C U ’ s - 8 0 K + R G G O s - 1 , 0 0 0 K Waste Capacity T J s 1 , 0 0 0 4 2 0 K Green Gas p.a. Biogenic CO₂ 3 2 , 6 0 0 T p a T p a 5x M $ 2 3 0 CURRENT DEVELOPMENT PROJECTS Carbon Credits Biofertilizer Concentrate 1 2 0 K T p a Portfolio Gross Cost $200M+ Portfolio FY26 Achievements 6 DELOREAN HAS MADE STRONG PROGRESS IN EXECUTING ITS BUILD-OWN-OPERATE RENEWABLE GAS INFRASTRUCTURE STRATEGY, ADVANCING DEVELOPMENT, CONSTRUCTION, FINANCING AND OPERATIONS ACROSS ITS PROJECT PORTFOLIO SA1 - First BOO Project Nearing Completion: ✓ Progressed construction to over 85% complete, advancing towards commissioning phase ✓ Secured a further $1.66M ARENA grant funding, bringing total payments received to $5.46M out of $7.74M ✓ Secured a $14.5M NAB bank loan facility to support project delivery ✓ Achieved GreenPower’s Renewable Gas certificate program accreditation ✓ Secured 10-year Origin Energy biomethane offtake agreement, locking in $30-40M in revenue over 10-year term ✓ Together with biomethane offtake and liquid biogenic CO2 offtake agreement with Supagas, secured ~$55M of long-term contracted revenues with investment grade counterparties ✓ Established additional revenue opportunities across gate fees NSW1 Horsley Park – 100% DEL Owned project ✓ Reached a positive Final Investment Decision ✓ Secured $20M grant funding from the NSW Government and $10.5M funding from ARENA, subject to Financial Close ✓ Entered into long-term lease and renewable gas offtake agreement with Brickworks. NSW1 is expected to generate ~$13M of revenue per year without allowing for CPI (subject to financial close). Wider BOO Pipeline ✓ VIC1 Stanhope, and broader BOO portfolio development continued across Delorean’s national infrastructure pipeline, worth approximately $200 million ✓ Advanced Opal-funded feasibility study with leading Australian paper and packaging manufacturer FY26 Achievements 7 Recurring Revenue from O&M Activities ✓ Achieved Practical Completion at the Yarra Valley Water Lilydale project and commenced multi-year O&M services, providing stable recurring revenue stream ✓ Expanded advisory and consultation services for strategic third parties Strengthened Capital Position ✓ Received $5.76M R&D Tax refund related to eligible R&D expenditure incurred in FY25 ✓ Completed $2.2M (9.97%) strategic placement with LMS Energy, strengthening the shareholder base ✓ Completed $0.75M Share Purchase Plan ✓ Continued active engagement with debt financiers to progress near-term funding solutions for the BOO portfolio Strategic Partnerships Secured ✓ Established and strengthened relationships with Tier 1 waste, industrial and energy companies, alongside key feedstock providers Operational Excellence ✓ Achieved ISO 9001, 14001, 45001 re-accreditation ✓ Upskilled site teams through targeted HSE (Health, Safety, and Environment) training, boosting safety performance, compliance, and operational efficiency ✓ Continued engagement with shareholders, investors, industry partners and government stakeholders throughout the year, and hosted site tours FY26 4E Financial Results Overview (unaudited) 8 DELOREAN IS BUILDING VALUE THROUGH STRATEGIC INVESTMENT IN CLEAN ENERGY ASSETS FY26 Revenue $14.0M FY26 EBITDA $8.5M FY26 Total Income $0.18M As at 30/06/2026 FY26 Gross Cash Position Cash and Term deposits as at 30/06/2026 $5.6M Total Gross Assets As at 30/06/2026 $63.0M Grants Awarded $43.0M As at 30/06/2026, $3.8m received in cash, $30.5M subject to financial close FY2026 represents a foundational period in Delorean’s transition from EPC contractor to infrastructure owner and operator. The year reflects the capital-intensive nature of developing and constructing clean energy infrastructure assets ahead of commissioning and operational revenue generation, with continued reinvestment into capability, capital deployment and BOO platform development. As Delorean expands its asset base and progresses development and construction in its BOO portfolio, the Company is positioning itself to deliver recurring, clean infrastructure-backed earnings from FY2027 onward. Financials KEY HIGHLIGHTS FY26 ($’000) FY25 ($’000) CHANGE Receipts from Customers 5,204 25,910 Down 80% Revenue 8,539 19,523 Down 56% COS (8,649) (22,818) Down 62% Gross Loss (110) (3,294) Down 97% EBITDA 183 (6,606) Up 103% Total comprehensive Loss (899) (6,579) Down 86% KEY HIGHLIGHTS June 2026 ($’000) June 2025 ($’000) CHANGE Total Assets 62,970 46,415 Up 36% Cash Position 5,611 7,817 Down 28% Debt Position 48,345 29,902 Up 62% R&D cash refund 5,756 - - 9 DELOREAN IS BUILDING VALUE THROUGH STRATEGIC INVESTMENT IN CLEAN ENERGY ASSETS Commentary • Receipts from customers and revenue declined following practical completion of ~$53M YVW main construction part of contract, reflecting the transition from construction activity to ongoing O&M operations. • EBITDA and profit improved from the previous year due to income from R&D tax refund and improved margins on the YVW contract. Results reflecting the transition to Build Own Operate and completion of YVW main construction phase. • Total gross assets grew as construction substantially advanced on the Delorean’s first flagship BOO SA1 bioenergy plant. • Cash position reduced and drawn debt increased following loan drawdowns to fund construction of SA1 and development of project pipeline. • R&D tax cash refund increased following lodgement of the refundable tax offset for FY25. The FY26 R&D return is expected to generate a cash refund later in the calendar year. FY26 4E Financial Results Continued KEY HIGHLIGHTS ($’000) FY26 (unaudited) FY25 (audited) CHANGE COMMENTS Receipts from Customers 5,204 25,910 Down 80% Receipts from customers and revenue declined following practical completion of ~$53M YVW main construction part of contract, reflecting the transition from construction activity to ongoing O&M operations. Revenue - Infrastructure - Construction/O&M - Energy Retail 8,539 226 8,313 - 19,523 726 18,798 - Down 56% Yarra Valley Water project contributed the vast majority of the revenue. Decrease was due to the completion of the main construction of the Yarra Valley Water project and the consequential movement to the O&M phase. COS (8,649) (22,818) Down 62% Decreased costs in O&M phase of Yarra Valley Water project as construction completion and O&M phase is entered. Gross Loss (110) (3,294) Down 97% Improvement in gross loss due to improved margins in the YVW contract. EBITDA 183 (6,606) Up 103% Improved from the previous year due to income from R&D tax refund and improved margins on the YVW contract. Results reflecting the transition to Build Own Operate and completion of YVW main construction phase. Net loss after tax (916) (8,980) Down 90% Improved from last year due to income from R&D tax refund and improved margins on the YVW contract. Results reflecting the transition to Build Own Operate and completion of YVW main construction phase and are pending the transition to BOO revenues. Total comprehensive loss (899) (6,579) Down 86% Improved from last year due to income from R&D tax refund and improved margins on the YVW contract. Results reflecting the transition to Build Own Operate and completion of YVW main construction phase and are pending the transition to BOO revenues. Cash Position 5,611 7,817 Down 28% Total Assets 62,970 46,415 Up 36% Significant increase due to the SA1 BOO project construction progress. EBITDA Margin 2% -34% Up 90% Return to positive EBITDA Basic loss per share (cents per share) (0.4) (4.1) Down 90% DELOREAN IS BUILDING VALUE THROUGH STRATEGIC INVESTMENT IN CLEAN ENERGY ASSETS 10 Delorean Corporation Delorean’s Bioenergy Infrastructure Rollout YVW Project Construction in FY25 IN CONSTRUCTION SA1 Bioenergy Plant Delorean’s Portfolio 12 DELOREAN’S PROJECTS REPLACE NATURAL GAS WITH BIOMETHANE, DRIVING DECARBONISATION IN HARD-TO-ABATE SECTORS THROUGH EXISTING INFRASTRUCTURE 0 500 1000 1500 2000 2500 3000 FY2027 FY2028 FY2029 FY2040 TERAJOULES (TJ) BIOMETHANE Projected Biomethane Production from Delorean Bioenergy Projects Renewable Natural Gas Offtake Feedstock Biofertiliser ACCUs Biogenic CO2 • Renewable Natural Gas Offtake - 10+ year offtakes from investment grade counterparties at a premium to wholesale gas prices - Renewable Gas Guarantee of Origin (RGGO) • Feedstock - In pre-construction phase, typically up to 2-year agreements for circa 50% of feedstock volumes are contracted, rising to 100% contracted prior to commissioning - Australian Carbon Credit Units (ACCU) • Green CO2 - High demand for biogenic CO2, easy to secure 10+ year offtakes from investment grade counterparties • Biofertiliser - further upside from biofertiliser sales 13 Bioenergy Build-Own-Operate Project Revenue DELOREAN’S COMMERCIAL SCALE ANAEROBIC DIGESTION PROJECTS DELIVER MULTIPLE DIVERSIFIED REVENUE STREAMS WITH THE CERTAINTY OF LONG-TERM CONTRACTED OFFTAKES AND FEEDSTOCK SUPPLY ACHIEVING 15%+ UNLEVERED IRR’s DELOREAN OPTIMISING DEBT-LED PROJECT FUNDING THROUGH STRATEGIC PROJECT-LEVEL FINANCE AND REFINANCE SOLUTIONS FOR RAPID BOO EXPANSION $31.6m DEL Equity / Debt $20.0m NSW Government Grant $10.5m ARENA Expected Start: CY2026 Construction Project Debt NSW1 HORSLEY PARK DEL Equity ̶ Delorean builds clean energy infrastructure at cost. The balance sheet records the lower, net cost, which is the cost after deducting grants and tax incentives. ̶ Significant value increase post-commissioning, infrastructure can be potentially revalued, strengthening Delorean’s balance sheet and providing headroom equity for senior debt refinancing at the project level. ̶ 18 – 24 months construction to commissioning timeline limiting exposure to higher-cost debt before refinancing with senior debt. ̶ DEL’s project funding is supported by significant State and Federal grants (e.g., ARENA, QLD, NSW State Gov). ̶ Delorean’s Equity Contribution is supported by R&D tax refunds, working capital on hand and capital raises DEL BOO Project Funding Strategy Asset Revaluation Post-Construction at 10% discount rate Operations Delorean Corporation Delorean’s Projects SA1 Project Construction in FY25 Agricultural Waste Municipal Waste 4 Bioenergy Projects Constructed (3 Award-Winning), 1 Under Construction Commercial & Industrial Waste Ecogas (NZ) Richgro (WA) SA Ag Residue Plant (SA) Yarra Valley Water (VIC) SA1 Salisbury (SA) Strong Track Record and Over 50 Years’ Collective Experience in Delivering Award-Winning AD Plants Built Across Australia/NZ Delorean BOO Infrastructure Rollout and Operation SA1 Salisbury Bioenergy – Grid Injected Biomethane FIRST BIOENERGY FACILITY IN AUSTRALIA TO PRODUCE MAINS-GRADE BIOMETHANE AND BIOGENIC CO2 150,000 tCO2-e/annum Emissions reduction (~3,700,000 tonnes over the project lifetime) 180 TJ pa Industrial facility natural gas replaced ​with biomethane 200,000 tCO2e Industrial facility emissions reduction over project lifetime SA1 Salisbury is an AD project strategically located within the northern Adelaide food park in South Australia • 70,000tpa facility (stage 1) • 210 TJ/annum biomethane production • 7000tpa green CO2 • First Waste expected 2026 • First Gas expected 2026 Project Overview Net Zero by 2050 Supporting large industrials in decarbonizing Delorean BOO Infrastructure Rollout and Operation SA1 Salisbury Bioenergy – Grid Injected Biomethane FIRST BIOENERGY FACILITY IN AUSTRALIA TO PRODUCE MAINS-GRADE BIOMETHANE AND BIOGENIC CO2 SA1 Salisbury is a 70,000T AD project strategically located within the northern Adelaide food park in South Australia. The project is over 75% complete. • ARENA Grant funding $7.74M (ex GST) • GreenPower accredited • R&D Tax refund $5.76M received, with additional refunds expected in FY2026 and beyond • First revenues and gas expected in CY2026 SA1 Salisbury Project Overview Delorean has reached Final Investment Decision (FID) on its 100%-owned NSW1 Horsley Park Facility, securing $30.5m in grant funding. The project will supply renewable gas to Brickworks under a long-term offtake agreement, generating contracted annuity-style revenues while supporting the decarbonisation of industrial operations. • 120,000tpa facility (stage 1) with ability for 150,000TPA • 250-380 TJ/annum Renewable Natural Gas generation • Construction anticipated to commence in CY2026 Project Overview Delorean BOO Infrastructure Rollout and Operation NSW1 Horsley Park – Behind the metre Biomethane 138,000 tCO2-e/annum Emissions reduction 253+ TJ pa Industrial facility natural gas replaced ​with biomethane 325,300 tCO2e Industrial facility emissions reduction over project lifetime ~50% Scope 1 Emissions Reduction from natural gas combustion Reducing the site’s overall Scope 1 emissions by approximately 38% AUSTRALIA’S FIRST INDUSTRIAL-SCALE BIOENERGY PROJECT TO CREATE RENEWABLE NATURAL GAS BEHIND THE METER Delorean BOO Infrastructure Rollout and Operation NSW1 Horsley Park – RNG Investment Opportunity AUSTRALIA’S FIRST INDUSTRIAL-SCALE BIOENERGY PROJECT TO CREATE RENEWABLE NATURAL GAS BEHIND THE METER NSW1 Horsley Park is a 120,000TPA AD project located on Brickworks land in Western Sydney, under a 25-year lease agreement with an offtake for biomethane to Brickworks. • Final Investment Decision announced April 2026 • $30.5m Grants secured • 25- year lease and biomethane offtake agreement with Brickworks • Development Approval achieved NSW1 Horsley Park Project Overview DEL/Opal QLD1 Strategic partnership with Opal, to assess viability of anaerobic digestion (AD) facilities at Opal’s Paper Mill in Victoria. • Opal-funded feasibility study (valued up to $2 million) to evaluate commercial viability of an AD facility co-located at the Maryvale Paper Mill through a staged development pathway. • Potential 50/50 joint venture, with Delorean holding first right of refusal for 50% equity following a successful feasibility study. • Fully aligned with Delorean’s Build-Own-Operate (BOO) strategy, supporting Opal’s Net Zero objectives and enabling long-term recurring revenue streams. QLD1 Bioenergy will produce mains-grade biomethane from processed commercial and industrial organic waste. • 80,000tpa (stage 1) • 265 TJ p.a. biomethane production • Emissions reduction 161, 960 (tCO2-e/annum) • $5m Queensland Government Grant in support of the project approved • Discussions are also underway with AGIG for mains gas pipeline connection Delorean BOO Infrastructure Rollout and Operation Bioenergy Projects Under Development VIC1 VIC1 Stanhope Bioenergy will be among Victoria’s first to produce mains quality biomethane from organic waste. • 54,000tpa facility (stage 1) • 180 TJ/annum biomethane production • Emissions reduction 69,400 (tCO2-e/annum) • 90% Delorean owned project • Approvals in place and shovel ready • Green gas export connection scope completed • Continued to advance the development of the project, progressing preparations to bring it to Final Investment Decision THE COMPANY REMAINS ACTIVE IN DEVELOPING AND ARRANGING FINANCE FOR ITS OWN PIPELINE OF BIOENERGY PROJECTS TO CAPITALISE ON THE GROWTH OF AUSTRALIAN BIOENERGY MARKET A Scalable BOO Infrastructure Platform ̶ SA1 Salisbury - transitioning into operations ̶ NSW1 Horsley Park - ready for financial close and construction ̶ BOO Portfolio - 5 near-term projects in development ̶ Standardised BOO model - enabling efficient, repeatable deployment across Australia $200M+ Near-Term Renewable Gas Portfolio ̶ High-Yielding Projects – targeting 15%+ unlevered IRR’s ̶ Long-Term Contracted Offtake Agreements – with strategic industrial partners ̶ Annuity-based cashflows from essential renewable gas infrastructure assets Multiple Diversified Revenue Streams ̶ Strong government grant and policy support ̶ Standardised BOO delivery model ̶ Increasing demand for industrial decarbonisation solutions ̶ Strategic co-location with large industrial energy users ̶ Expanding market for waste diversion and renewable gas Scalable Growth Opportunity Delorean Corporation Delorean’s Sector Tailwinds and Look Forward 24 Growing Demand for Bioenergy and Renewables 0 500 1,000 1,500 2,000 2,500 3,000 2000 2002 2005 2008 2010 2012 2015 2018 2020 2021 2022 2023 2024 2025 Terawatt hours WORLD RENEWABLE ENERGY PRODUCTION BY SOURCE (Exc. Hydro)¹ Wind Solar Biofuels -10 0 10 20 30 40 50 60 2000 2002 2005 2008 2010 2012 2015 2018 2020 2021 2022 2023 2024 2025 Terawatt hours AUSTRALIA RENEWABLE ENERGY PRODUCTION BY SOURCE (Exc. Hydro)¹ Wind Solar Biofuels • Renewable energy will play a key role in decarbonizing our energy systems in the coming decades. • Global biofuel production has grown seven-fold in the last 20 years • Australia’s current measures are insufficient to achieve Net Zero by 2050, according to the DCCEEW baseline scenario • The Safeguard mechanism is driving demand for lower-carbon solutions, requiring more than 200 largest industrial facilities (representing ~31% of Australia's total emissions) to reduce emissions in line with Australia’s emission reduction targets 0 50 100 150 200 250 2025 2030 2040 2050 Terawatt hours AUSTRALIA RENEWABLE ENERGY PRODUCTION OUTLOOK BY SOURCE (Exc. Hydro)² Wind Solar Renewable gas potential* ¹https://ourworldindata.org/ ²https://www.aemo.com.au/energy-systems/major-publications/integrated-system-plan-isp/2024-integrated-system-plan-isp (2024 ISP Chart Data) • Hard-to-abate industries including manufacturing, food processing, glass, mining and chemicals will require practical alternatives to fossil natural gas to reduce Scope 1 emissions • Renewable electricity has scaled rapidly over the past decade. Renewable gas represents the next major opportunity to decarbonize Australia’s industrial energy demand • Future policy development, including the 2026-27 Safeguard Mechanism review and broader Net Zero implementation, are expected to further support the deployment of renewable gas. Long-Term Value Upside 25 SIGNIFICANT UPSIDE ACROSS THE PORTFOLIO FEEDSTOCK – ORGANIC WASTE DIVERTED FROM LANDFILL ─ Australian governments are driving landfill diversion and circular economy targets through policy reforms and rising waste levies ─ The national policy to halve the organics going to landfill ─ Australia produces over 47M tonnes p.a. of organic waste that is suitable for bioenergy (food organics, harden organics, cereal residue, non-cereal residue, livestock residue, horticulture residue) ─ DEL Projects have approvals in place to increase feedstock capacity at the Immediate Projects ─ Shovel-ready NSW1 and VIC1 waste processing capacities of 120,000t p.a. (approved up to 150,000t p.a.) and 54,000t p.a. (approved up to 71,300t p.a.), respectively ─ Phased development approach optimises capital allocation and allows for capacity expansion once the plants are operating and feedstock supply is ‘proven up’ GREEN GAS – SIGNIFICANT BIOMETHANE DEMAND ─ Scope 1 Emissions Reporting (NGERS) is driving Australia’s demand for biomethane. The Australian Government’s Future Gas Strategy recognises that natural gas will play a critical role in Australia’s future energy mix. ─ ~400PJ¹ of unutilised feedstock recoverable for biomethane production ─ Australia consumes ~1,100,000 TJ p.a.² of natural gas; manufacturing accounts for 25% of domestic gas demand ─ Biomethane is a scalable, drop-in renewable gas solution that can utilise existing infrastructure and is commercially viable today ─ Opportunity to provide behind the meter gas and electricity supply ─ Renewable Natural Gas (RNG) from anaerobic digestion produces significantly lower lifecycle emissions than fossil fuel natural gas, with abatement potential varying by the feedstock type. ─ Delorean is in active discussions with various counterparties to provide behind the meter gas or electricity supply FURTHER OPPORTUNITIES ─ Organic biofertiliser - Digestate offtake is subject to approvals and relevant state government regulations - Treatment of digestate is a proven (overseas) to create valuable dry or liquid fertiliser, or for on-site irrigation ─ Liquid Biogenic CO2 - Significant demand for LCO2 - Production of liquid CO2 is mature technology pathway of the bioenergy process PLATFORM VALUE ─ Strong development pipeline of 12 projects across 6 states (in addition to the Immediate Projects) ─ Repres