Perdaman Group: Leading Multinational Investment Vision in Western Australia

1. Perdaman • Chamber of Commerce and Industry • Western Australia • 26 June 2019

2. Perdaman Group is a diversified multinational Perdaman Group Perdaman Group Vikas Rambal (Chairman) Perdaman Industries Perdaman Commercial Properties Perdaman Advanced Energy Perdaman Global Services Perdaman Pharmaceuticals Singapore Perdaman Corporate Services Perdaman Chemicals & Fertilisers Solar Renewable Energy Immigration and language translation Sunrise Labs - Pharmaceutical manufacture and distribution Rambal Family Office Group Corporate and Finance Services Commercial, residential and industrial property Director of Projects: 2 candidates shortlisted Chief Investment Officer: Robert Morrison Head of Property: Winly Chan Managing Director: Dominic Da Cruz Chief Operating Officer: Noelene Murray CEO India: Samir Garud Managed by IQ-EQ Manager of Finance and Accounts: Him Rekhi

3. Agenda • Perdaman Vision • Key Western Australian Project • Project Overview • Conclusion

4. 1 Perdaman Vision

5. Introduction to Perdaman • Perdaman Industries is the principal sponsor of the Project • Perdaman Industries is 100% owned by the Rambal Family and led by Mr Vikas Rambal • The Rambal Family holds select investments including a growing international pharmaceuticals distribution business originally started in 1965 by Vikas Rambal’s father, Mr Perdaman Krishan Rambal • Perdaman Group is a diversified multinational with over 20 years’ experience in Australia and with substantial investments in real estate, pharmaceutical manufacturing, immigration services and a renewable energy arm which aims to develop alternative renewable power options in India, including solar photovoltaic • The Rambal Family was a major shareholder in the Burrup Fertilisers project in WA (now owned by Yara International) • The Rambal Family relocated for this project in 1999 • The Rambal Family is deeply involved in a number of community initiatives: • In India, they have sponsored health camps to offer free check-ups and health advice to populations in need • In Western Australia, they strongly support the Western Australian Cricket Association and charities in favour of disabled individuals and medical research

6. Mr Vikas Rambal – Chairman, Managing Director and Entrepreneur • Vikas Rambal has more than 25 years experience in business and a proven track record in delivering world-class fertiliser plants • Vikas Rambal was born in Delhi and qualified as a chemical engineer at the University of Nagpur, specialising in petrochemicals • Vikas Rambal spent the first years of his career working with Bharat Petroleum (formerly Shell) and was then involved in a range of projects including refineries and the manufacture of fertilisers • In 2000, Vikas Rambal and his business partners moved to WA with plans to use natural gas for downstream industry and he successfully completed the Burrup Fertilisers project in WA • Vikas Rambal was the driving force behind the development of the AU$700m Burrup Fertiliser Plant from the date of instigation through to completion • Vikas Rambal’s involvement in the Burrup Fertiliser Plant ceased in 2007 and he has since been dedicated to the successful development of this Project • Offtake from this project was 100% sold to Yara International for 20 years

7. 20 year gas supply agreement executed with Woodside Commercial long-term gas agreement • Since developing the Burrup Fertiliser Plant, Vikas Rambal has been focused on developing the Perdaman Urea Project (the Project) • Perdaman has invested more than US$175 million • The Project will produce approximately 2Mtpa urea • In November 2018, Perdaman signed a gas supply agreement with Woodside on the following terms: • Minimum 20 year term with option to extend • 125 TJ per day • Portfolio supply with penalties for non-supply • Gas to be delivered at Project Site • Price mechanism designed to offset urea price cyclicality • Woodside undertaking FEED – FID March 2020

8. 2 Key Western Australian Project

9. Key Western Australia Project for the Benefit of the State State Government - State Major Project Status granted by Hon. Mark McGowan - In principal commitment to upgrade to infrastructure - Support from JTSI to expedite approvals Federal Government - Federal Major Project Status granted by Hon. Karen Andrews - Expedited approvals from Major Projects Facilitation Agency - Confirmation of joint environmental assessment process Leading Western Australian companies supporting a key Western Australian Project Major AustralianFertiliser Business Karratha Urea Project Gas Supply Urea Offtake The Project will provide the following benefits to Western Australia Creation of Jobs and Housing Economic Benefits to the State Genuine Opportunities for Local Business Genuine Support for Traditional Owners Leading Tech and Enviro Standards Supports WA DomGas Policy

10. Benefits for the State Supports Local Jobs & Housing State Tax Benefits Supports WA DomGas Policy Economic Benefits Note: (1) Based on 2Mtpa over 40 years, Nexant supplied Arab Gulf FOB urea price forecast (average) 2019

11. 3 Project Overview

12. Project Destiny Plot Plan and Port of Dampier Burrup Services Corridor 3D plot plan (Site C) Expanded bulk wharf and storage facility

13. Urea • Urea is a nitrogenous fertiliser used in many areas of the world • It is critical to increasing the productivity of crop yields and hence feeding the world • 90% of total urea demand is for fertiliser use, of which more than 80% is applied directly to food production • Urea benefits approximately 70 million people across Asia (as rice production is highly dependent on urea) • Asia Pacific is the largest consuming region of urea • There is currently only one domestic urea plant in Australia, hence the majority of demand is imported

14. Western Australia’s DomGas Policy

15. Project Update  ~  ~ ~

16. Global network delivering on the Project Destiny vision SNC-Lavalin* Total = 150 people White & Case Australia Stami-carbon The Netherlands (EU) Global team Perdaman PwC Australia Haldor Topsøe Denmark (EU) Cardno Australia Société Générale Australia EY Australia • *SNC-Lavalin • Mumbai (India) • Perth (Australia) • Toronto (Canada) • Dubai (United Arab Emirates)

17. Site and Plot Plan NWSV Site C: 34 HA DBLB BSC Pluto Final Site: 50 HA Site E YPN Port of Dampier YPF Site C Site D2 Site F: 38 Ha Site F 500m

18. Port Side Wharf Design Source: SNC-Lavalin Design, 65t stockpile and shiploader (22 May 2019)

19. Water • WaterCorp and SNC-Lavalin have investigated a connection into the southern side of Site C from the existing pipeline • WaterCorp will undertake the necessary capital works to upgrade and expand water infrastructure for the Project and future projects located in the BSIA Site C • Water Pipeline • Existing above-ground water pipeline • Connects existing Yara ammonia and TAN facilities • Underground connection to supply facility Connection to Site C

20. Environment Approvals Process • Expected full environmental approvals in second quarter 2020 Progressing Completed • State Environmental Protection Act (EPA): 3rd party referred the Project – June 2018 • Confirmation of State and Commonwealth Joint Assessment Process, reducing the need for duplicated environmental approvals – March 2019 • Submission of Environmental Scoping Document (ESD) for public review – June 2019 • 12 week public release of Public Environmental Review (PER) – October to December 2019 • EPA reviews PER document and provides an update based on technical and public input – August 2019 to February 2020 • EPA reviews the Response to Submissions – February 2020 • EPA prepares draft assessment report and completes assessment – April 2020 • EPA finalises assessment report and gives report to Minister (6 weeks from completion of assessment) – May 2020

21. Timetable The Project will be the first developed of next generation Burrup proponents 40+ years

22. 4 Conclusion

23. Summary Advanced Project Environmental and Heritage Employment and Accommodation Traditional Owners Local Businesses Project Partners

24. Conclusion