Introduction Presentation

February 2020

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Group Overview

• Pacific Green Technologies Group has a strategy that seeks to develop, acquire and

license technologies that are designed to improve the environment.

• We have a current order book in excess of USD$200m and now intend to embark on

our next stage of development expanding into new technologies and territories, while

continuing to grow our order book for existing technologies.

• We believe our objectives are best achieved by building strong relationships with

local companies in chosen territories and to that end we have to date developed a

strong joint venture partnership with PowerChina, one of the largest EPC contractors

in the world.

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Organisation Chart

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Company History & Milestones

2012

2017

2019

• OTCQB Reversal of assets.

• PGT had a joint venture agreement with PowerChina SPEM, a subsidiary

of PowerChina, the largest power-plant equipment manufacturer in China.

• The ENVI-Clean™ Flue Gas Desulphurization (FGD) System installed for

the Lianxin Steel Group at their facility near Yancheng in China.

• PGT executed agreements with Scorpio Tankers Inc., Scorpio Bulkers

Inc., Ridgebury Holdings LLC, Landbridge Group and Union Maritime Ltd.

to install ENVI-Marine™ System.

• PGT further expanded its environmental technologies portfolio by

acquisition of Shanghai Engin Digital Technology Co., Ltd into

Concentrated Solar Power, Desalination and Waste to Energy.

2018

2018

• PGT signed agreement with Union Maritime Ltd to install the

ENVI-Clean™ System.2016

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• In December 2019, Pacific Green Technologies further expanded its environmental technologies portfolio into Concentrated Solar Power, Desalination and Waste to Energy through the acquisition of industry leading technology design and engineering company Shanghai Engin Digital Technology Co., Ltd (‘ENGIN’).

• ENGIN has an impressive portfolio of successful projects, most notably 10MW and 100MW Molten Salt Tower CSP plants in Dunhuang, a 50MW Parabolic Trough CSP plant in Delingha, and a desalination reference plant in Indonesia.

• ENGIN has changed its name to Pacific Green Renewable Technologies (Asia) Ltd.

2016 2018 2019

Dunhuang 100MW

Tower project

connected to the grid

Delingha 50MW PT

project connected to

the grid

Dunhuang 10MW

Tower CSP project

in operation

Yumen 100MW Tower

project under

construction

Yumen 50MW PT

project under

construction

2010

Indonesia Java

Desalination project in

operation (4000t/d)

2020

Strategic Acquisition

2014

Dunhuang 100MW

Tower project

started

construction

Delingha 50MW PT

CSP project

started

construction

Dunhuang

10MW Tower

CSP project

started

construction

2015

ENGIN started

R&D on CSP

ENGIN designed a

pilot desalination

plant with 300 t/d

2013

Strong Strategic Partnership

• Competitive advantage via JV with PowerChina to deliver the full CSP

project

- Large scale, cost effective contract manufacturing and engineering support

- Balance sheet support and gateway to the Chinese market

- China’s largest Engineering, Procurement and Construction firm

- 200,000 employees and $70BN in Assets

• Strategic partnership with Beijing Shouhang IHW Resources Saving

Technology Co., Ltd

- Leading CSP developer, EPC contractor and equipment manufacturer in China

- Innovative automatic heliostat production lines

- Investor and developer of three CSP projects in China, two of which are in

commercial operation

- Listed on the Shenzhen Stock Exchange

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Selected Financials

Closing Price (05/02/20) $3.00

52 week range $1.95 - $4.25

Market Cap $136.48M

Shares Outstanding 45.49M

Order Backlog $212M

Insider Ownership 45%

Public Float 25.45M

The company is incorporated and headquartered in Delaware, with offices globally in

London, Shanghai, Vancouver, Oslo, Hong Kong and Monaco.

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Group Divisions

Game changing marine scrubber technology

One of the smallest footprints - Simple patented design -

Industry leading efficiency

Capturing sulphur at source before it pollutes the atmosphere:

Better – Smaller – Cleaner

Capturing the energy of the sun and stores it. CSP stores the

sunlight as heat, which can be used to generate electricity at a

later time, even when there is no sunlight.

Turning to the only consistent available water source for water

relief – the ocean.

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Marine Scrubber

• ENVI-Marine™ System provides compliance and enables charterers and

fuel companies to benefit from the “Heavy Fuel Oil / Bunker” to “Low

Sulphur Gas Oil” price differential, currently $200 or more per ton. For a

Very Large Crude Carrier (VLCC) tanker, low sulphur fuel price differential

currently exceeds $5M per year. Using ENVI-Marine™ pays for itself within

12 – 18 months

• Global Regulations

- International Maritime Organization (IMO) 2020 opportunity.

- EU Industrial Emissions Directive commits European member states to control and reduce the impact of industrial emissions.

- Improving environment is one of seven major policy objectives in China’s 2016 Five Year Plan.

- India introduced stricter guidelines for sulphur dioxide and nitrogen oxide emissions from coal-fired power plants in December 2015

• Manufacturing and installation in China

- via partnership with PowerChina

- provides substantial strategic benefits and convenience for most customers.

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TurboHead™ Technology

• PGT’s method maximizes the trapping of exhaust gas pollutants

more efficiently

• Delivers maximum possible molecular contact between exhaust

gases and neutralizing reagents; capacity to process 100% of

flue gas

• Small, flexible footprint

• Reduced energy consumption and on-demand reagent addition

• TurboHead™ is more cost effective (capital & operating) for any

capacity vs. competition

• Effective for a variety of reagents including seawater, limestone

and sodium hydroxide

• Designed for Marine applications, then engineered to address

Land-based requirements

Patented TurboHead™ technology is the unique design of

PGT’s ENVI-Marine™️ & ENVI-Clean™️ Systems

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• Provide Scrubber Systems to Treat Coal-Fired Power Plant Emissions

• Patented TurboHeadTM forming design is ultra-efficient

• The ENVI-Clean™ System deals with more than 99%

of SOx emissions

• Easy to retrofit to existing systems, with attractive

financial packages available

• Worldwide scale through our partnership with

PowerChina

• There are no moving parts, fans or media to replace in

the scrubber vessel

• Futureproofed against stricter regulations due to the

system’s great efficiency

Land-based Flue Gas Desulphurisation (FGD) System

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Major Benefits

• Easy to retrofit to existing

systems

• More gas-liquid contact time

for complete removal of acid

gases

• Proprietary head design and

multi-head approach enable

reduced CAPEX and

ongoing operating costs

• Non-hazardous wastewater

can be processed and

reused for other plant

processes such as ash

cooling or dust control

Pacific Green Technologies Yancheng Case Study

• Q1 2017 – PGTK China JV installed an

ENVI-Clean™️ system at a new 93 MW steelworks at

Yancheng, northwest of Shanghai, as part of PowerChina’s

EPC contract to build the plant.

• The ENVI-Clean™ Flue Gas Desulphurization (FGD)

system installed for the Lianxin Steel Group at their facility

near Yancheng in China is designed to remove sulphur

dioxide (SO2) from the new power boiler exhaust.

ENVI-CleanTM

system at

Yancheng, China

Land-based Flue Gas Desulphurisation (FGD) System

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Concentrated Solar Power

• PGST provides complete, guaranteed, proven CSP tailored projects, designed, manufactured on time, on budget, to the latest specification.

• Pre-designed and pre-developed modular hardware to substantially reduce construction period

• Full system integration design

• Market leading efficiency

• Proven track record and experience in China

• Performance guarantee with three operating reference plants in China and two plants under construction

• Mastered the whole Chinese industrial chain

• Massive thermal storage time to ensure 24h operation

PGST Commercially Proven Technical Solution and Design

Dunhuang 10MW Molten Salt Tower Plant

Designed by Pacific Green Solar Technologies

Dunhuang 100MW Molten Salt Tower Plant

Designed by Pacific Green Solar Technologies

Delingha 50MW Parabolic Trough Plant

Designed by Pacific Green Solar Technologies

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Pacific Green Technologies Delingha 50MW Parabolic Trough Case Study

• China’s first commercial parabolic trough CSP plant

and one of 20 demonstration CSP projects in China.

• It was financial closed in February 2013 by Asian

Development Bank.

• The plant has been in stable performance since

December 2018.

• Pacific Green Solar Technologies has provided the

engineering design of this plant in 12 months.

• Pacific Green Technologies’ strategic partner was the

EPC contractor.

Installed Capacity 50MW

Storage Time 9h

Land Area 2.5 km2

Molten Salt Quantity 35,000 tons

HTF Temperature 350℃

Annual Electricity Output 197.5 MWh

Project Cost 1.94 billion RMB

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Pacific Green Technologies Dunhuang 100MW Molten Salt Tower Case Study

• China’s first utility scale molten salt tower CSP plant

• The plant has been in stable operation since

December 2018 and has been generating electricity

continuously.

• Pacific Green Solar Technologies has provided the

engineering design of the whole plant within 12

months.

• Pacific Green Technologies’ strategic partner was the

EPC contractor.

Installed Capacity 100MW

Storage Time 11h

Heliostats 12,000

Molten Salt Quantity 30,000 tons

Molten Salt Temperature 565℃

Tower Height 263m

Annual Electricity Output 390 MWh

Project Cost 30 billion RMB

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• The plant was the first commercial CSP plant in China.

• The plant was successfully connected to the grid in

December 2016.

• Pacific Green Solar Technologies has provided the

engineering design of the whole plant in 12 months.

• Pacific Green Technologies’ strategic partner was the

EPC contractor.

• Pacific Green Solar Technologies is developing retrofit of

this plant with strategic partner Shouhang to deploy

supercritical carbon dioxide cycle, which will improve the

plant efficiency greatly.

Pacific Green Technologies Dunhuang 10MW Molten Salt Tower Case Study

Installed Capacity 10MW

Storage Time 15h

Heliostats 1,525

Molten Salt Quantity 5,800 tons

Molten Salt Temperature 565℃

Tower Height 138m

Annual Electricity Output 10.67 MWh

Project Cost 400 million RMB

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Salt Water Desalination

• Pacific Green Water Technologies has provided

engineering design for the desalination project to

Indonesia Java 2*1050MW coal fire power plant.

• The project was under the Belt and Road

Initiative.

• The plant utilised reliable Multiple Effect

Distillation technology.

• The plant is operating stably now and producing

high quality fresh water as designed.

Indonesia Java 2*1050MW Coal Fire Power

Plant Desalination Project Case Study

ItemsPerformance

Parameters

Water production per day 4000 t/d

Seawater temperature ~30℃

Water quality (TDS) ≤5 mg/L

Electricity consumption ≤1.5kWh/m3

Annual Availability 97%

Main equipment service life ≥40 years

Next Steps