AIM TICKER: STA

Star Phoenix Group Ltd

Annual General Meeting

31 January 2022

Disclaimer

This presentation has been prepared by Star Phoenix Group Limited ("Star Phoenix" or the "Company").

This presentation is for information purposes only and does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with, any contract or commitment whatsoever.

The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither the Company nor any of its respective officers, employees, affiliates, advisers or representatives accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation includes forward-looking statements. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect", "plan" and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's business and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements speak only as at the date of this presentation. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of the Company. Past performance is not necessarily indicative of future performance. The forecast financial performance of the Company is not guaranteed. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current views of the Company on future events. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions, except as required by law, to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Neither this presentation nor any copy or portion of it may be sent or taken, transmitted or distributed, directly or indirectly, into the United States, Japan, Canada or any other jurisdiction which prohibits the same. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States or elsewhere, and the securities may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. This presentation is not for distribution in, nor does it constitute an offer for sale of securities in the United States. The Company does not intend to conduct a public offering of its securities in the United States.

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Presentation Outline

  • Company Overview
  • Company History
  • Company Shareholder Composition
  • Company Key Team
  • Agenda of Annual General Meeting
  • Audited Annual Results for 2021 Financial Year
  • Results of Annual General Meeting
  • Our Key Objectives
    • Hydrogen Project
    • Legacy Assets
  • Our Company Growth Strategy

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Company Overview

  • Star Phoenix is an AIM-listed international company (ticker: STA) focused on growth through new attractive opportunities
  • Established in Australia in 1982, the Company has a long track record of 40 years of successful operations in natural resources
  • 2020 was a milestone year for the Company with successful completion of comprehensive financial restructuring and disposal of upstream Trinidad assets (at a valuation ~ US$100 million). The Company is now debt free with minimal overheads
  • The Company has embarked on the next chapter of its growth with signing of an agreement (non-binding) to develop a new highly exciting and innovative clean energy project - natural Hydrogen (H2) in Australia
  • H2 as the most abundant element has the potential to become one of the future sources of clean energy
  • Ongoing litigation matters and legacy asset divestments are expected to significantly improve cash position (if completed successfully)
  • The focus now is on new company-changing investment and acquisition opportunities
  • For the funding of new projects, the Company is able to utilise combination of existing cash; proceeds from sale of the existing assets; and new capital from future fundraisings

Striving for: Growth Through New Opportunities. Solid Profits. Shareholder Returns

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Company History

1982 - 2004

2005 - 2016

Today

The Beginning

  • 1982: The company is established
  • 1985: Listed on Australian Stock Exchange
  • During this period, the focus is on natural resources exploration in Australia

Expansion of Oil & Gas Operations

  • 2005: Earned interest in two exploration blocks onshore Puntland
  • 2007: Listed on London Stock Exchange
  • 2009: Earned interest in two exploration blocks onshore Georgia, and two onshore blocks in Texas, US
  • 2011: Acquired interest in three producing assets onshore Trinidad, along with an oil services and drilling company
  • 2012: Secured an option to farm-in to two exploration blocks and a free-carried interest over three exploration blocks in Colombia
  • 2013: Acquired interest in an onshore exploration licence in Guatemala
  • 2014: Awarded interest in another exploration block onshore Trinidad in a competitive bid round
  • 2015: New Board of Directors and management team appointed. Focus on production growth and development in Trinidad. Completed exits from Puntland, Colombia and Texas
  • 2016-2018: Production and reserves growth in Trinidad continues. Interest in Indonesia oil and gas project acquired
  • 2019-2020: Comprehensive financial restructuring completed. Delisting from Australian Stock Exchange completed. Company name changed. Existing assets divestment

Acquisition-led Growth Strategy

  • Star Phoenix is an ambitious and entrepreneurial operator
  • Financial restructuring completed, debt- free position with existing cash resources
  • Remaining assets sale underway
  • The company is looking to substantially grow its business through acquisition of new attractive projects and investments worldwide
  • With the support of its stakeholders and partners, the company aims to build a solid base, demonstrating significant profits and cashflows growth and returns to shareholders

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Star Phoenix Group Limited published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 07:17:11 UTC.