BUILDING AN AFRICAN TRANSITIONAL ENERGY GROUP JULY 2021
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BUILDING AN AFRICAN TRANSITIONAL ENERGY GROUP JULY 2021
Disclaimer and forward looking statements
These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation
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2
Executive Team
Adonis Pouroulis Julian Maurice-Williams Duncan Wallace Benoit Garrivier
Chief Executive Officer Chief Financial Officer Technical Director Transitional Power CEO
• One of the founders of • Chartered Accountant with • Geologist with 20 years of • 15 years of experience in
Chariot, has worked in the over 15 years of experience in experience in exploration and investment banking
sector for over 25 years the energy sector production • Structuring and carbon
business, dealing with large
• Influential in the founding, • Significant experience in • Successfully identified and utilities in Europe, China and
financing and growth of a financing, transactions and captured the Lixus Offshore Brazil
number of companies, listed markets area in Morocco
including Petra Diamonds • Founded iNca Energy in 2009,
• Previously with BDO LLP’s • Joined the board in July 2020 developing renewable energy
• Founder and chair of the Pella natural resources department projects in South Africa
Resources Group, an African totalling 330 MW of bid-ready
• Joined the board in July 2020 solar PV and 80 MW of bid-
focused natural resources and
energy group ready wind projects
• Co-founder of AEMP
• Member of the board since
IPO, CEO since July 2020
3
Building an African Transitional Energy Group
To create value and deliver positive change through investment in projects that are driving the energy revolution
Projected world population by world region Africa: Gross Domestic Product (US$)
WHY
AFRICA?
Asia
Africa ”Africa to propel
world’s population
towards 10bn by
2050”
Source: FT
Our Role
• Facilitates & balances shift to
renewables
• Reduces carbon footprint • Energy solution tailored for
• Promotes domestic self- Mining & Industry in Africa
sufficiency & energy security • Off grid remote locations
• Hybrid & renewables
• Environment • Strengthens social licence
• Local Communities to operate
• Employees
• Shareholders
Net NPV10* Pipeline
US$500m +500MW
4
Source: FT, UN, African Development Bank
*Internal estimate base case supported by audited 2C 361Bcf resource, 70mmscfd, 8-11$/mcf to power and industry
Positioned to Develop Energy Projects Across Africa
Moroccan offshore gas development with the potential to Renewable and hybrid energy project development in strategic
positively impact a growing economy, heavily reliant on partnership with Total-Eren, a leading player in renewable
energy imports and coal: energy, to serve mines in Africa:
• reduce carbon footprint • cleaner power generation / reducing carbon footprint
• promote energy self-sufficiency • reducing cost of energy supply
• catalyst for industrial growth • Africa’s largest hybrid solar plant on commissioning
• Operator 75% equity • right for up to 15% project equity in power projects
• Net NPV10* US$500m & IRR* > 30% • pipeline of projects +500MW equivalent to the Hoover Dam
Appraisal drilling Material Direct equity
unlocks the development Cashflows investment in projects
*Internal estimate base case supported by audited 2C 361Bcf resource, 70mmscfd, 8-11$/mcf to power and industry
5
Synergies & Scalability
c$1.5B +500 MW
2C Net Cash (Gross) pipeline
post-tax* equivalent to
Hoover Dam
c$500m 15 MW
2C Net
Essakane
NPV10*
(Gross)
Material upside Sub-Saharan total
beyond Anchois Chariot electricity supply,
development Portfolio Solar share
Chariot Historic
Interest
>3 Tcf Executives
Experience
1760 TWH
Morocco Solar 24%
Infrastructure- 2040**
led exploration
225 TWH
361 Bcf Solar 1%
Anchois 2C 2018**
Resource
*Internal estimate base case supported by audited 2C 361Bcf resource, 70mmscfd, 8-11$/mcf to power and industry
6
**Source: IEA, Africa Energy Outlook 2019, Electricity supply by type, source and scenario in sub-Saharan Africa
(excluding South Africa), 2018 and 2040
Transitional Gas: Anchois Gas Development
• Morocco is a premium SPAIN 2C Base Case
investment location with Pipelines
Net NPV10
world-class fiscal terms 1 Power Planned Pipelines
US$500m
3
Chariot 3D Seismic
• Growing power and 2 Industry IRR > 30%*
Rissana Offshore Existing CCGT
2
industrial demand 3 Spain (key terms agreed) Tangier
2C Base Case
1
underpin attractive local Lixus Offshore
Up to US$200m
markets Annual Revenue*
ALGERIA
• Favourably located with Anchois project
existing gas
SDX ConocoPhillips
Predator
Morocco Gas
infrastructure and for Market MOU from
RSD-1 1 Moroccan
export to Spain Kenitra
2
1 Government
• 75% equity & operator RABAT
1
10 Year Corporate
• Anchois has material gas 2 Mohammedia Sound
Tax Holiday
MOROCCO
2
Repsol
resources, low Casablanca
subsurface risk and can Access to
be developed through European
PORTFOLIO, GAS INFRASTRUCTURE & GAS
conventional technology MARKET OPTIONALITY Gas Market
ESG & Sustainability at Anchois
Reduction of 360,000 Morocco Power Consumption & GDP Growth Morocco Power Generation by Fuel in 2019
1990 to 2018 (40 TWh Total)
tonnes CO2 per year** 2000 Morocco Egypt Algeria
4% 16%
>90% of all primary 1500
KWh/Capita
energy imported 1000
12%
500 67%
Gas to fuel Industry & 1%
Economic Growth 0
2000 7000 12000 17000 Coal Oil Gas Hydro Renewables
GDP (PPP $US)/Capita
7
Sources: IEA, ONEE, BP Energy Statistical Review, Gas Strategies, ONHYM, WLPGA
*Internal estimate base case supported by audited 2C 361Bcf resource, 70mmscfd, 8-11$/mcf to power and industry
**Replacement of 300 MW of coal power generation with gas (c.50 mmscfd) using EIA estimate of 0.05 vs 0.09 tonnes of carbon per mmbtu (gas vs coal)
Transitional Gas: Appraisal Well – Unlocking the Development
Anchois-1 Potential
PLIOCENE Discovery Appraisal Well
A Sands Excellent Quality 2020
Well Location Reprocessed 3D
B Sands
MIOCENE Seismic Data
Plie prospect
A Sand 115 Bcf High Reservoir Porosity
C, M & O & Permeability
A&B Sand
Appraisal
+128 Bcf B Sand 247 Bcf well High Quality Gas
97% Methane
No CO2 / H2S
Gas in ANCHOIS
well
Gas identified in C&M Sands FOOTWALL
ANCHOIS Exploration
185 Bcf PROSPECT Minimum
0
additional fault deepening Maximum 4.0 km2
blocks DEEP 8.7 km2
Water-bearing, good
quality M sand
PROSPECT
-ve
O Sand 147 Bcf
Anchois-1
O Sand 358 Bcf
CONTINGENT RESOURCES PROSPECTIVE RESOURCES
Proven fault block Additional fault Low risk: gas/reservoir Exploration prospects in PSDM (CHARIOT 2020)
(1C & 2C) blocks (~3C) proven by Anchois-1 (2U) undrilled, O Sand (2U)
1,800 Contingent Prospective
Target to drill appraisal well in 1,600
Q4 2021 - close to discovery 1,400
well 1,200 Capitalising on low rig rates
1,000
Bcf
Re-confirm and test existing
800
Appraisal well to progress
600
discovery, very low risk 400 gas sales agreements and
200 project finance
-
Potential upside with drilling of 1C/1U 2C/2U 3C/3U
deeper low risk gas sands, Appraisal well to be
audited chance of success 2C RESOURCE 2U RESOURCE suspended as producer
up to 64% 361 BCF 60 690 Bcf
MMBOE 115 MMboe
8
Sources: Estimates of Gross Contingent & Prospective Resources from NSAI Independent Resource Assessment 2020
Transitional Gas: Anchois Gas Development
SUBSEA-TO-SHORE DEVELOPMENT Engineering
• Simple & standard construction
& development
• Pre-FEED completed
• Development collaboration
agreement signed with market
leading gas developers
Onshore Central
Processing Facility
2C Development 2C Development
Gas Flowline
70 mmscfd Capex US$300m
Future Drilling & Control Umbilical >30% IRR* Repaid in
Transitional Gas: Material Upside Beyond Anchois Development
Lixus Mio-Pliocene Portfolio 2C/2U (Bcf)
3D PSDM
LIXUS
coverage
OFFSHORE 5,000 Rissana
Offshore
4,500 ~8,476 sq km
Maquereau
West 4,000
Maquereau
Merluche North 3,500
Anchois
Maquereau Discovery
Central 3,000
Maquereau
South 2,500
2,000 Lixus Offshore
Oursin ~2,390 sq km
Plie Turbot Pageot
Anchois 1,500
Crevette 1,000
Espadon Meduse 500
Moule St Pierre Kenitra
-
Tombe
Anchois Gas Chariot
Discovery (CR/PR) Prospects Anguille Rabat
Anchois Satellite Lead
Prospects (post-Nappe)
Other Lixus Lead
Prospects (sub-Nappe) Casablanca
LIXUS LICENCE GAS DISCOVERY
LIXUS 2C / 2U RESOURCES (BCF) RISSANA LICENCE
AND PROSPECTS
2C+2U 3 Tcf 3.5 x Area of Lixus
Further material gas sands in Lixus Licence
0.5 billion boe
licence – similar seismic attributes to Low Commitment
discovery Captured further prospective
acreage in Rissana Licence 1,000km 2D Seismic
10
Sources: * Estimates of Gross Contingent & Prospective Resources from NSAI Independent Resource Assessment 2020 & 2019 and Internal Company Estimates
**Estimates of Gross Prospective Resources from NSAI Independent Resource Assessment 2018 on former Mohammedia & Kenitra licences
+ Subject to Award of Rissana Offshore licenceTransitional Power: Rationale for Acquisition of New Business
Looking to harness network to increase
SPA Signed in March 2021 for pipeline of projects
Purchase of AEMP
Group – Renewable and Hybrid
Developer for Mines in Africa
Consideration $2 Million in
Share Capital
✓ Joint Venture with
✓ Right for up to 15% Project Equity
✓ 500 MW Pipeline of Mining Projects
✓ Experienced Team
✓ Successfully Completed 1st Solar Existing project
Hybrid Project for Gold Mine
Pipeline Project
✓ Chariot Network = Additional Pipeline
Business Interest
of Management
11Transitional Power: Scalability, Leverage & Returns
Current Pipeline Example: 50 MW Solar Project***
SIZE OF PRIZE
500 MW equivalent electricity
production of the Hoover Dam
20 GW equivalent to c.50% of annual
70% 30% 85%
UK electricity consumption Debt Equity
Recent comparable 15%
transaction values renewable
electricity projects at • Target returns > 15% ROE
c.$1.8million per MW** • c.US$50 M Capex
• Take or Pay Long Term contracts = low
• Chariot’s equity risk
share = c.US$2 M
+20 GW*
Sub Saharan Africa mining
• Additional revenues earned from
management & on project completion
power demand 2020 Conveyor belt of projects
Commencement of construction
500 MW
Target
Dec 21 Dec 22
Revenues 6-9 months from signing
Sources:*World Bank
12
**https://www.total.com/media/news/press-releases/total-farms-down-2-portfolios-of-renewable-assets-in-France
***Internal estimate, representative project size, assumed US$1M / MW capex,Transitional Power: Existing Operations
Essakane Solar 15 MW Solar
• Largest hybrid PV-HFO plant in Africa and one of the largest Generation
in the world 130,000
• Together with Total Eren, AEMP has successfully developed, PV Panels
financed and built, and now operates, a 15 MW solar PV
Commenced
plant coupled with a 57 MW HFO power plant for operations
IAMGOLD's Essakane mine in Burkina Faso 2018
• AEMP holds equity of 10% in project
DEVELOPMENT CONSTRUCTION OPERATION &
SCOPING FINANCING
UNCERTAINTIES MAINTENANCE
ESG & Sustainability at Essakane
6 million Reduction of 100% of ongoing
2019 TSM
litres fuel saved 18,500 tons CO2 project staff are
Environmental
per year per year nationals
Excellence
Award
Supplies off-grid gold 1% of project Carbon credits registered
mine with competitive revenues dedicated with UN - funding of
and carbon-free to community additional community
electricity investment projects
13Timeline & Value Triggers
Additional Gas Prospectivity / 3Tcf Lixus & Rissana upside
Strategic Partnering APPRAISAL Strategic Partnering FIRST
FID
DRILLING GAS
Anchois 361Bcf Unlocked
FEED Debt
Finance
Drilling Rig Gas Sales Reserves Gas Sales CONSTRUCTION
Signed MoUs Report Agreements
v v v v v v v v v v
2021 2022 2024
Essakane Operating
AEMP
COMPLETES CONSTRUCTION Operating
NEXT
PROJECT
SIGNED CONSTRUCTION Operating
ADDITIONAL
PROJECT
SIGNED
Additional Projects / 500+ MW Project Pipeline
14Highlights – Significant Value Upside
● Unique & ● Transitional Gas ● Transitional ● Scale & Synergy ● Team & Network
Sustainable High Value Gas Power ◆ 7 X Upside in 2U Gas ◆ Team with Proven
African Development in Clean Power for Resource Record of Project
Transitional Morocco ◆ 500MW+ Pipeline of Delivery
Mining & Industry
1
Energy Group ◆ Net NPV10 Power Projects ◆ Continent Wide
◆ Strategic Partner
◆ Negative Net
US$500m* ◆ Synergies Inception Business Interest &
◆ High Return
CO2 Projects ◆ Project Finance to Completion Network
Project Portfolio
◆ Delivering
& Developers ◆ Investment in Other
Positive Impact Transition Energy
Highlights
2
◆ Acquisition of Transitional Power completion
◆ Appraisal drilling targeting Q4 2021 ◆ Subsequent power projects:
● Signing
◆ Potential reserves upgrade
◆ Gas sales agreements ● Construction
◆ Project finance ● Operation
◆ FID & development ◆ Further signing of pipeline
Upcoming ◆ Other transitional energy projects
Catalysts
*Internal estimate base case supported by audited 2C 361Bcf resource, 70mmscfd, 8-11$/mcf to power and industry
15Mission & Principles
Mission To create value and deliver positive change through investment
in projects that are driving the energy revolution
Values
Positive Impact:
• Environment
• Local Communities
• Employees
• Shareholders
Collaboration
• Mutual Benefit
• Balance
• Knowledge Growth
Integrity
• Technical Excellence
• Trusted
• Transparent
Pioneering
• Enterprising
• Agile
• Challenge Convention
Respect:
• Engagement
• Honesty
• Culture
16APPENDICES
Management Team
Julian Maurice-Williams Adonis Pouroulis Duncan Wallace
Chief Financial Officer Chief Executive Officer Technical Director
Benoit Garrivier Pierre Raillard Laurent Coche David Brecknock
Transitional Power CEO Head of Gas & Morocco Business Development, Drilling Manager
• 15 years of experience in Country Director Transitional Power • 22 years experience
investment banking • Over 25 years’ operational and • Over 20 years’ experience in • Expert deepwater drilling manager
• Structuring and carbon business, management experience in energy international development sector
dealing with large utilities in industry, specific expertise in the and sustainability, public and • Managed deepwater and ultra-
Europe, China and Brazil development of natural gas private sector across Africa deepwater drilling operations in
projects in Africa Morocco, Brazil, Cote d’Ivoire,
• Founded iNca Energy in 2009, • Senior VP Sustainability (Africa) for
developing renewable energy • Previously Orca Energy Group, AngloGold Ashanti Gabon and Egypt
projects in South Africa totalling Head of Business Development. • Managed Chariot’s 2018
• Previously led large-scale energy
330 MW of bid-ready solar PV and Key role in development of Songo
programmes for the UNDP in East campaign
80 MW of bid-ready wind projects Songo gas field, located offshore
and Western Africa for over a
Tanzania, which is analogous to
• Co-founder of AEMP Chariot’s Anchois gas project
decade
• Co-founder of AEMP
• Held leadership roles at African
Petroleum Corporation, Perenco
and OneLNG
18Non Executive Directors
George Canjar Robert Sinclair Chris Zeal Andrew Hockey
Non-executive Chairman Non-executive Director Non-executive Director Non-executive Director
• Over 40 years with Shell, • Over 52 years’ experience in • Over 30 years’ experience • Over 35 years’ experience in
Carrizo, Davis Petroleum and finance as a Chartered across a wide range of sectors the oil & gas industry, with
Hess supervising exploration, Accountant, of which over 42 and retained by over 20 specific expertise in the
development and engineering have been spent in the FTSE100 companies including development and production of
projects. Global experience Guernsey financial services British Gas, Cairn Energy and gas assets in the UKCS sector
from offshore SE Asia to North industry Tullow Oil
American onshore. • Founder & NED of Fairfield
• Formerly Managing Director of • Previously Managing Director Energy Ltd and previous
• Broad functional experience Artemis Trustees Limited, a at Jefferies Hoare Govett ( a experience with Eni, Fina,
across the E&P sector with Guernsey-based fiduciary division of Jefferies Inc.) LASMO, Triton Energy and
specific expertise in deal services group specialising in corporate Monument
structuring, risk analysis, broking and investment
strategic modelling and finance • Extensive experience of banking • Currently CEO of Independent
offshore trusts and corporate Oil & Gas, a UK-based
• Currently focused on entities and financial planning • Director at Ventus 2 VCT plc, a Development and Production
transitional energy solutions for both individuals and company invested in Operator with assets in the
including natural gas, corporations renewable energy Companies Southern North Sea gas basin
renewables and battery in the UK
solutions.
19Transitional Power: Partner Information
Total Eren is an Independent Power Producer which develops, finances, builds and operates
over the long-term renewable energy power plants globally.
2012 - founded by Pâris Mouratoglou and David Corchia
Shareholders 2019 %
2015 - €195 million capital increase from a diversified consortium of financial Eren Groupe Majority
investors
Total S.A 30%
2017 - Total S.A. acquires an indirect interest in EREN RE by subscribing to a Bpifrance 12.3%
capital increase of €237.5 million. EREN RE changes its name to Total Eren.
Tikehau Capital and FFP 7%
2019 - Total Eren acquires NovEnergia. Total S.A. increases its stake in Total Next World Group 4.4%
Eren to reach a total of almost 30% (directly and indirectly).
Key Figures
>€320 million in 100 power >3,300MW gross >2,000MW gross
revenue 2019 (including plants in operation capacity of renewable capacity of projects under
newly acquired energy assets in operation development
or under construction
NovEnergia’s revenue) or under construction
in 18 countries
>€1 billion in >450 >3,600 GWh of 5GW Global gross
equity capital (Dec 2019) installed capacity targeted
employees in electricity generated in
2020 by 2022
France and worldwide
20
Sources: https://www.total-eren.com/en/in-brief/Lixus Offshore Prospects & Leads – 2020 PSDM
A B
Nappe
Nappe
Mud/Salt
Diapir
Sub-Nappe Prospectivity
Anchois Mini-Basin Pliocene & Miocene Anchois Satellite Prospects
LIXUS
3D PSDM OFFSHORE
coverage
5-10km from Anchois, with same
reservoir and attributes
Mio/Plio U/C B
2019 PSTM evaluation 600 Bcf*
A A
Other Lixus Prospects
B
A Shallower water of 70 toAnchois Field – PSDM Interpretation, Resources & Appraisal
Anchois-1 Legacy PSTM Anchois-1 New PSDM Anchois Discovery – B Sand
Increase in A & B resources
Improved mapping of gas sands
Identification of new targets
A Sands
A Sands
Anchois-1
B Sands
B Sands 3.2 to 4.8 km2
PSTM (2010)
Maximum Minimum
C Sands O Sands 4.0 km2
0
C Sands 8.7 km2
M Sands
(Water-
Wet)
-ve
Footwall Anchois-1
Prospect: New
O Sands
Target
PSDM (CHARIOT 2020)
Candidate Appraisal Location Anchois – Resources & New Target Sands
Anchois-1
Anchois-1 Anchois Footwall
2020 KPSDM
Spectral Low Frequency Gas- Prospect
Decomposition Bearing Response
RGB Display 114 Bcf
A GWC 2C Resources 361 Bcf
247 Bcf
B GWC
A Sands
C & M 185 Bcf
GWC O GWC
Water-Bearing
Response 147 Bcf
B Sands
O GWC
358 Bcf 2U Resources 690 Bcf
Frequency (Hz)
Thin gas 5
Top Nappe
pay
25 15
C, M &
O Sands Reprocessed seismic data improvements and new interpretation techniques,
such as spectral decomposition, have identified additional undrilled gas sands
C & M Sands are equivalent to gas pay and reservoir proven in the Anchois-1 well
M Sands (Water-Wet)
O Sands comprise two targets below Anchois-1 TD and in adjacent fault block
22
Sources: Estimates of Gross Best Estimate Contingent & Prospective Resources from NSAI Independent Resource Assessment 2020Anchois Development & Production Growth Analogues
Cassiopea-Argo, Sicily Channel Poseidon, Gulf of Cadiz Corrib, NW Ireland
• ENI Operated • Repsol Operated • Vermillion Operated (developed by Shell)
• >600 Bcf Resources • 150 Bcf Resources • 600 Bcf Resources
• 5-600m WD, 60km flowline, 5 wells • 75-150m WD, 30km offshore • 350m WD, 80km offshore
• Development ongoing, 600 M$ CAPEX • Peak production 51 mmscfd in 2002 • CPF capacity 260 mmscfd
• Peak production 200 mmscfd
Anchois development plan uses well-established industry technology, with multiple international analogues
Tanzania Ivory Coast Egypt
Historical Gas Production & Consumption Historical Gas Production & Consumption Historical Gas Production & Consumption
350 300 7000
300 250 6000
250 5000
200
200 4000
MMscfd
MMscfd
MMscfd
150
150 3000
100
100 2000
50 50 1000
0 0 0
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
Production (MMscfd) Consumption (MMscfd) Growth Production (MMscfd) Consumption (MMscfd) Growth Production (MMscfd) Consumption (MMscfd) Growth
Evidence from other African countries with developed gas resources demonstrates that once in production, internal gas markets
(both industrial and power) develop to exploit that resource with strong growth in gas production.
23Lixus Offshore: Independent Resource Assessment
Contingent Gas resources* (Bcf)
Probability of
Prospective Gas resources (Bcf)
Field / Prospect Geologic Success
1C* 2C* 3C* Mean (Pg)
1U 2U 3U Mean
Anchois Discovery
Anchois A sand* 65 114 175 117 N/A
Anchois B sand* 136 247 375 252 N/A
Anchois Contingent Resource* 201 361 550 369 N/A
Anchois Prospective
Anchois Deep (C sand) 60 164 284 168 64%
Anchois Deep (M sand) 9 21 36 22 38%
Anchois Deep (O sand) 225 358 481 362 37%
Anchois Footwall (O sand) 90 147 212 149 46%
Anchois Remaining Recoverable Resource 585 1051 1563 1070
Anchois Satellites
Anchois N 140 308 492 297 43%
Anchois W 45 89 134 86 35%
Anchois NW 10 29 51 28 34%
Anchois SW 42 101 165 98 28%
Anchois WSW 22 61 110 60 23%
Sub total 259 588 952 569
Additional Lixus Prospects
Maquereau N 91 311 628 311 25%
Maquereau C 73 267 559 276 25%
Maquereau S 59 205 432 216 23%
Tombe 60 154 280 153 19%
Turbot 38 281 709 303 16%
Sub total 321 1218 2608 1259
Total Remaining Recoverable Resource 1165 2857 5123 2898
24
Source: Estimates of Gross Contingent & Prospective Resources from NSAI Independent Resource Assessment 2019, 2020Morocco
Exploitation Concession
25 years 31% corporate 10 year corporate
(extendable tax after 10 year tax holiday
by 10 years) tax holiday no taxation of profits in
first 10 years of
production
3.5% royalty applies Royalty, rental, training, exploration,
to gas from Anchois production and bonus expenditures
(>200m water depth) are all tax deductible
Key Figures
Morocco Energy Consumption and GDP Growth (2000 to 2017)
• GDP: US$119.7 billion; Annual Growth 2.5%
• Population 36.4 million; Inflation 1.1% (2018) 1,000
• Major Industries: automotive parts, phosphate 800
mining and processing, aerospace, food processing,
kWh/capita
600
leather goods, textiles, construction, energy, tourism. 400
• Constitutional monarchy; Robust Economy; Good 200
Trade Relations 0
4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000
• Country risk profile: BBB- GDP/capita
25
Sources: https://data.worldbank.org, https://www.cia.gov/the-world-factbook/, IEA.Corporate Snapshot
Market Statistics
Listing AIM, London
Ticker Symbol CHAR
Issued Shares (at 23 July 2021) 636,723,079
Share Price (at 23 July 2021) 5.70p
Market Capitalisation (at 23 July 2021) US$50m
Total Director / Employee share awards (at 31
10,241,655
December 2020)
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