Vision and Value Proposition

An Integrated Multi Utilities Company

We enhance our clients’ cost competitiveness through

smarter, cleaner and more efficient energy solutions.

Getting Singapore and and the region ready for

Natural Gas
EMA Electricity License: EMA/RE/035
EMA Gas License: EMA/GR/013

2
Gashub, Non-Executive Chairman
• Mr S. Chandra Das, Non-Executive Chairman

• Singapore’s Non-Resident Ambassador to Sri Lanka

• Pro-Chancellor of Nanyang Technological University
• Managing Director of NUR Investment & Trading Pte
Ltd
• Chairman of NTUC Fairprice Co-operative Ltd from
1993 to 2005
• Served as a Member of Parliament in Singapore from
1980 to 1996
• Chairman of the Trade Development Board from
1983 to 1986
• Singapore Trade Representative to the USSR from
1970 to 1971
• Holder of the President’s Medal by the Singapore
Australian Business Council in 2000
• Awarded the Distinguished Service (Star) Award by
National Trades Union Congress in 2005
 Our management structure

AVIERS LIM
Group Chief Executive Officer

Corporate Secretariat

ROGER KHOO SAMUEL SIAW LIM WEN JIE BENTINCK NG

Director, Strategy & Business Development Chief Financial Officer Investor Relations & Special Projects Director of Technology (3GEX)

Gashub Engineering Gashub Technology GashubUnited Utility

• Incepted in 1992 as a gas engineering and gas pipe EPC company
• Total of 143 staffs: 3 Directors, 12 Middle Management and 69 Engineers/Technicians
• 3 Major Business Divisions:

1. Gas Piping EPC (Government/Private Sector)

2. Technology & Engineering (Integration/Transfer/Innovation)
3. Utilities (Gas & Electricity retailer)

Propose JV target

51% owned by
GashubUnited Utility Pte Ltd
Existing LPG customers within to be
converted to LNG
Propose JV target

• Improving energy accessibility by brining Natural Gas

to everyone using our LNG virtual pipeline

• Ensuring energy security and efficiency by using a

distributed on-site energy model
• LNG Virtual Pipeline & 3GEX

• Cleaner Energy
Gashub Business model –LNG
Virtual pipeline

LNG Loading 20ft Cryogenic Gashub bottling 210L LNG

Container facility, Cryogenic cylinder
container to 210L

Big Industry Small Industry

User User
强化分布式液化天然气产业链
Distributed Virtual Pipeline LNG
• Rapid LNG Supply Solution without Pipeline Investment
• SMART Supply Chain with Integrated Refilling and Distribution
• Sizeable Market with Potential to Replace TownGas, LPG and Diesel
• Supply commences 4Q2018 in Singapore, 3Q2019 in Malaysia and Indonesia
Gashub Solution – LNG Virtual Pipeline
Energy Security
Energy Efficiency
Cleaner Energy
Solution – Centralised vs Distributed Energy
Centralised Utility Distributed Utility
Single Disruption might cause whole network to shut down Disruptions are contained to the area they serve or being support by the peer

OPPORTUNITY
Singapore, Malaysia, Indonesia, Vietnam, More then 20 years, European countries
Thailand, Philippines, India, Cambodia More then 10 years, Japan, and south Korea
and etc… Last 3 years Australia, and China
Solutions – Energy Efficiency

Hot water from engine

HEAT
Absorption unit
0.39 kW
Cooling 0.29 kW
0.37 kW
Total 1.05 kW
POWER
TriGeneration
1m3 LNG CHP unit Absorption Electrical Heat output Cooling
output capacity
Centro T200 BDH17-TGA 200 kW 152 kW 193 kW

Hot water from engine

Input 1 kW HEAT Type of refrigerant
From Evaporator output R507 – 2.55 kW
Cooling R134a – 1.96 kW
Natural Gas
Cold energy
66 kWh Polo 100 Air-water heat pump Waste heat recuperation
Gas Heat Pump refrigerant R507 refrigerant R132a
At -50degC
Evaporator output (C) 94.9 kW 95.8 kW
or 76 kWh
Condenser output (H) 137 kW 132 kW
savings in
Engine and exhaust (H) 62.3 kW 53.7 kW
electricity 13
Fuel input 115 kW 99.4 kW
Gashub Business model

Embedded Power Retail Gas,

generation below 1Mw Electricity,
Heating &
Cooling

$
Remote monitoring and management –
Gashub and User

IoT and BLOCKCHAIN

• Components all tracked via IoT service
• Gashub centralized monitoring
• Customer app access for self monitoring
• Price Transparency
• Peer to Peer trading
• Track gas, power, heat, etc usage

15
 Revenue Model and Target Market

Town gas users - Phase 1 (S$350m p.a.)

LPG users - Phase 2 (S$120m p.a.)
Diesel users - Phase 3 (S$1b p.a.)
Revenue from Sales
1) Gas
2) Electricity
3) Heating and Steam
4) Cooling

FoodFood
factory &Food
factory & central
outlet kitchen Manufacturing Plant
Manufacturing Plant
Laundry
Laundry

Food Xchange @ Admiralty JTC Food Hub @ Senoko, 18-21 Senoko Drive

PreCast Plants with Furnace

Heating for Rapid Curing Large Scale Commercial Laundry
With Heat & Steam Application
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Food Axis @ Senoko Avenue Bedok Food City – First in the Singapore using LNG
 Rollout Timeline

Q2 2019 Q3 2020 Q3 2021

Start of rollout Phase 2 Phase 3

Gas Revenue Phase 1 (Town Gas market: ~$350m)
Town Gas prices are fixed by the Singapore Government according
to Crude oil prices. Thus this market would be the lowest lying fruit
with best margins as our competitor cannot engage in price war
Phase 2: (LPG market: ~$120m) Phase 3: (Diesel market: ~$1b)
Expect Diesel prices to go up after International Maritime
Organisation (IMO) sulphur emissions regulation kick in after 2020.
Thus a better margin and room for LNG to compete as an alternate
fuel

Total addressable gas market size for the next 3-5 years: ~$1.5b

Electricity, Heating, Steam, 3GEX Phase 1

Cooling Revenue
Sale of Electricity, heating and cooling via 3gex will only kick in after basic natural gas
infrastructure is built up. Where 3gex is can be offered as a value added service

Q4 2020
Initial rollout
 Fuel Comparison

High Energy
Density

Low Energy
Density
Town Gas LPG Pipe NG Diesel Gashub LNG
Heating Value 18.6MJ/kg 46MJ/kg 50MJ/kg 45MJ/kg 55MJ/kg 90% efficiency
27.6 kgCo2/Gj
Pressure 0.2 psi 18 psi 28 psi 18 psi
Market Price $50mmBTU $40mmBTU $20mmBTU $34mmBTU $40mmBTU
$0.16kW/H $80/cylinder $1/Liter 49% efficiency
Fuel Purity 45%H2/CO,13%/ 50%C3 90% CH4 99% CH4
16%CH4/Co2,12% 50%C4
Toxic Toxic Some how toxic Pollution, Non-toxic
CO2 emission ??unburn 12% 63.4 kgCo2/Gj 56.1 kgCo2/Gj 75.4 kgCo2/Gj 51.2 kgCo2/Gj
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Energy price comparison

SP published rates 1 July – 30 Sept 2018

Electricity Town gas LPG Diesel Pipe NG GasHub LNG

Market Price $69 mm BTU $54 mm BTU $40 mm BTU $34 mm BTU $20 mm BTU $30~40 mm
BTU
kW/hr $0.2365 $0.1853 $0.1365 $0.116 $0.068 $0.102~0.136

.
2500

2000

1500

1000

500

0
Electricity TownGas LPG Diesel PNG LNG
Electricity TownGas LPG Diesel PNG LNG
Profitability comparison

Singapore market

Town gas LPG Diesel GasHub LNG

Market Price $50 mm BTU $40 mm BTU $34 mm BTU $40 mm BTU
% GP 24% 20% 14% 55%
 Projections – FY 19

Revenue Net Profit

$5,000,000
$12,000,000

$4,000,000
$10,000,000

$3,000,000
$8,000,000

$2,000,000
$6,000,000 Annualised
Annualised
Monthly
Monthly $1,000,000
$4,000,000

$0
$2,000,000

Apr-19
Feb-19
Mar-19

Sep-19

Nov-19
Jan-19

Jul-19
Aug-19

Jan-20
May-19

Dec-19
Jun-19

Oct-19
-$1,000,000
$0
Nov-19
Feb-19
Jan-19

Apr-19

Jul-19

Sep-19

Jan-20
Mar-19

Aug-19
May-19

Dec-19
Jun-19

Oct-19

-$2,000,000

2 Food Factories scheduled for 2019 delivery

• One for annual revenue of $3m and another for $300k
17 other single units scheduled for 2019 delivery
Gashub Strategy Expansion

Energy Security
Energy Efficiency
Cleaner Energy

1. Natural gas
Provide access to Natural Gas
2.
Install 3GEX
3. Replicate Model Regionally
• LNG Virtual Pipeline or pipe NG
谢谢
Thank You

www.gashub.com.sg