tirupati graphite plc corporate ppt q1 20.pdf · tirupati graphite developing 6 plants across 2...

TIRUPATI GRAPHITE

Specialist graphite

and graphene

producers developing

sustainable new age

materials

Corporate Presentation

Q1 2020

TIRUPATI GRAPHITE PLC

TIRUPATI GRAPHITE

DISCLAIMER

CORPORATE PRESENTATION | Q1 2020 2

The information contained in this confidential document (the “Presentation”) has been prepared by Tirupati Graphite plc (the “Company”) solely forinformational purposes. It has not been fully verified and is subject to material updating, completion, revision, verification and further amendment withoutnotice.

By accepting this document, and in consideration for it being made available to such recipient, each recipient agrees to keep strictly confidential theinformation contained in it and any information otherwise made available by the Company, whether orally or in writing. In the case of a corporate recipient,this presentation may only be disclosed to such of its directors, officers or employees who are required to review it for the purpose of deciding whether tomake an investment in the Company. This document has been provided to each recipient at their request, solely for their information, and may not bereproduced, copied, published, distributed or circulated, to any third party, in whole or in part, or published in whole or in part for any purpose, without theexpress prior written consent of the Company. The purpose of this document is solely to provide information to persons who have expressed an interest ininvestigating the possibility of investing in the Company.

This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000, as amended(“FSMA”). This Presentation does not constitute, and the Company is not making, an offer of transferable securities to the public within the meaning ofsections 85B and 102B of FSMA and it is being delivered for information purposes only to a very limited number of persons and companies who are ‘qualifiedinvestors’ within the meaning of section 86(7) of FSMA purchasing as principal or in circumstances under section 86(2) of FSMA, as well as persons who haveprofessional experience in matters relating to investments and who fall within the category of persons set out in Article 19 of the Financial Services andMarkets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or are high net worth companies within the meaning set out in Article 49 of the Order or areotherwise permitted to receive it (together, the "Relevant Persons"). This Presentation is directed only at Relevant Persons and must not be acted on orrelied upon by persons who are not Relevant Persons. Any other person who receives this Presentation should not rely or act upon it. By accepting thisPresentation and not immediately returning it, the recipient is deemed to represent and warrant that: (i) they are a person who falls within the abovedescription of persons entitled to receive the Presentation; (ii) they have read, agree and will comply with the contents of this notice; and (iii) they will usethe information in this document solely for evaluating their possible interest in acquiring securities of the Company.

The securities mentioned herein have not been and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or underany U.S. State securities laws, and may not be offered or sold in the United States of America or its territories or possessions (the “United States”) unlessthey are registered under the Securities Act or pursuant to an exemption from or in a transaction not subject to the registration requirements of theSecurities Act. Neither this Presentation nor any copy of it may be taken or transmitted into the United States, or distributed, directly or indirectly, in theUnited States, or to any "US person" as defined in Regulation S under the Securities Act of 1933, including US resident corporations or other entities organisedunder the laws of the United States or any state thereof or non-U.S. branches or agencies of such corporations or entities. This Presentation is not beingmade available to persons in Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which it may be unlawful to do so and itshould not be delivered or distributed, directly or indirectly, into or within any such jurisdictions.

Prospective investors must rely on their own examination of the legal, taxation, financial and other consequences of an investment in the Company, includingthe merits of investing and the risks involved. Prospective investors should not treat the contents of this Presentation as advice relating to legal, taxation orinvestment matters and are advised to consult their own professional advisers concerning any acquisition of shares in the Company.

Certain of the information contained in this Presentation has been obtained from published sources prepared by other parties. Certain other information hasbeen extracted from unpublished sources prepared by other parties which have been made available to the Company. The Company has not carried out anindependent investigation to verify the accuracy and completeness of such third party information. No responsibility is accepted by the Company or any of itsdirectors, officers, employees or agents for the accuracy or completeness of such information.

TIRUPATI GRAPHITE

Proven Success –

Production, Revenue

generation & Low costs

established

Substantially De-risked –

three complementary

businesses

Listing on LSE Main Market

in H1 2020

Value proposition – Building

a global leader - step by

step – Low CAPEX & OPEX

Green & sustainable

projects, processes and

products

Social uplift – employment

creation, GDP growth and

environmental benefit

Fully integrated, natural &

specialty graphite and

graphene company

SNAPSHOT


High Demand, Growing

Market – Multiple Catalysts

TIRUPATI GRAPHITE

FULLY INTEGRATED IN VALUE CHAIN


HI-TECH GRAPHITE

PROCESSING

INDIA

GRAPHENE

INDIA

PRIMARY MINING & PROCESSING

MADAGASCAR

Natural flake graphite is

mined and undergoes

primary processing

Further hi-tech processing

undertaken to produce

speciality graphite

Used directly in conventional

industrial applications

Produces high purity, expandable,

micronised and spheroidised graphite,

customised to customer need

High Purity graphite flakes

processed to produce

graphene

Foundry, steelmaking, refractories and

crucibles, as raw material for specialty

graphite products

Fire retardants, lithium-ion batteries,

lubricants, insulation, conductive

polymers and composites

A “wonder material”: highly conductive

of heat and electricity, excellent

strength properties – improves

properties multi-fold

Energy harvesting and storage, biomedical

technologies, electronics, composites and

coatings, water filtration, sensors

TIRUPATI GRAPHITE

Fully integrated | End to End Solutions | Leveraging Experience & Expertise | Staged Development

GrapheneProcessing

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

81000

63000

45000

27000

90003000

Primary

Vatomina & Sahamamy Project,

Madagascar

Patalganga Expansion:

4800 tpa production output –

hi-tech graphite products

Present:

1200 tpa Expandable

Graphite - CarboFlameX

Specialty Graphite Project:

24ktpa output – to be developed in 2

phases of 12ktpa each

Tirupati Specialty Graphite, India

10kg/day graphene

manufacturing

GRACEMINMET

Tirupati Graphene & Mintech

Research Center, India

CREATING VALUES ACROSS THE VALUE CHAIN


81ktpa flake graphite by 2022 28ktpa specialty graphite products by 2022 10kg/day graphene by 2022

TIRUPATI GRAPHITE6

“Graphite & Graphene extensively contribute to sustainability”

▪ Fuel Cells

▪ Supercapacitors

▪ Lithium-Ion Batteries for EVs and Energy Storage

▪ New Age Solar Energy, Wind Energy

▪ Composites replacing metals

▪ Coatings improving lifecycle

▪ Graphene strength

Renewable Energy Generation & Energy

Storage

Reducing Materials & Fossil Fuel Consumption

▪ Thermal Management

▪ Lubrication

▪ Metal forming

▪ Insulation

Reducing Fire Hazard, Retarding Fire Spreading, Reducing toxic fumes & smoke, Reducing Melt Dripping and Material burn - Improving the Ability to Contain and Control Fire

&

Reducing carbon foot-print and improving sustainability across industries

Improving Energy Efficiency

Flame Retardant Flake Graphite

CORPORATE PRESENTATION | Q1 2020

TIRUPATI GRAPHITE

A BURGEONING MARKET


CRITICAL SUPPLY / DEMAND FUNDAMENTALS

▪ Classified as a critical resource by the US and EU

▪ In 2017, China accounted for ~70% of the world’s total production (source: Roskill)

▪ New sources outside of China are considered a necessity, especially hi-tech graphite products like high purity and expandable graphite

“Graphite is an important industrial mineral which finds applications in almost every facet of

manufacturing including electronics, atomic energy, hot metal processing, friction, coatings,

aerospace, powder metallurgy, etc.”

(Source: Fast Markets)

FAVOURABLE PRICING FORECAST

▪ The global graphite market demand is expected to cause upward price pressure

▪ Global favour for ex China sources

TIRUPATI GRAPHITE

INCREASING DEMAND


“The graphite market is expectedto grow to >2 million TPA by 2025– Multiple Demand Drivers”

▪ Current market consumption is 1 million tpa withrising graphite demand from high growth marketswith significant environmental benefit

▪ Energy Storage, Electric Vehicles, ExpandableGraphite etc

▪ 100 GWh Li-ion Battery requires c.100,000 tons ofnatural flake graphite

▪ Expandable Graphite demand growing as a flameretardant and in gaskets & sheets

Forecast Flake Graphite Consumption in Li-ion

Batteries

Forecast Expandable Graphite Consumption per

Application (kMT)

32% CAGRGlobal battery market

growth 2017-27

7% CAGRGlobal expandable

graphite market growth

2017-27

PRIMARY MINING

9

Madagascar

TG has

immense

expertise in

graphite

processing

technologies

Sahamamy

Project

In production

Vatomina

Project

Near-term

production

The mined ore is

processed using

physical

beneficiation

technologies to

produce flake

graphite of

different purities

and sizes


TIRUPATI GRAPHITE

▪ 40 year renewable Mining Permit covers 33 km2

▪ Environment clearance granted

▪ Favourable mining law

Permits & Clearances

▪ High quality, large flake, free dig mining saprolite deposit with lean

processing requirement

Resource

▪ 70 km from Toamasina deep sea port, connected by NH2

▪ Warehouse at port

Logistics

PRIMARY FLAKE GRAPHITE MINING & PROCESSING


▪ Plant 1 of 6 commissioned

▪ Producing & selling across the globe

▪ 3,000tpa | 85% recovery | 65% large flakes | up to 96% purity

Current Production 3,000 TPA –> 81,000 by 2023

▪ Early cash flows | modular expansion | low CAPEX & OPEX

▪ Continued value addition | organic development

Development Strategy

▪ 100+ years cumulative experience

▪ Expertise in all aspects of the industry

Team

Tamatave - Main Port of Madagascar

SAHAMAMY PROJECT

NH-2 Antananarivo to Tamatave

Permit Areas, 70-80 km from Tamatave

VATOMINA PROJECT

Strategic Location• Madagascar is known for its high quality, large flakes graphite

resourcesTwo strategic projects aerially 8km apart:

• Sahamamy Project

• Vatomina Project

Madagascar is historically known for its quality of flake graphite deposits

TIRUPATI GRAPHITE

DEVELOPING 6 PLANTS ACROSS 2 PROJECT AREAS


• 8 km2 mining permit area

• Plant 1 of 3,000 tpa in

production – upto 97%C, large

flake graphite

• Construction sand as by-

product - achieved

• Extensive Mines development,

infrastructure development,

feasibility study for hydro-

electricity completed.

• 25 km2 permit area

• A third of the mineralised zones

have been explored to date –

JORC CPR imminent

• Being developed to a total

production capacity of 60,000tpa

• First 6,000tpa plant substantially

constructed – targeted for

completion Q1 2020

SAHAMAMY PROJECT VATOMINA PROJECT

Established in-country facilities

JORC Resource

Indicated - 1.4mt@ 4.1% GC

Inferred - 5.7mt @ 4.2% GC

• 4,000 sq. ft. warehouse at Tamatave Port

• Internal roads at both projects

• Admin Offices at Antananarivo

• Support Office at Port city

• Engineering centres, stores, base camps and residential & admin quarters at both projects

• In-house exploration capabilities – own diamond core drilling rig

Exploration target of between 8 to

10 million tons of flake graphite

with avg. grade 3 – 4% TGC

Exploration target of between 5 to

7 million tons of flake graphite with

avg. grade 4 – 5% TGC

Maiden JORC Resource

Indicated - 3.2mt@ 4.3% GC

Inferred - 15.2mt @ 4.7% GC

TIRUPATI GRAPHITE

PROVEN SUCCESS: SAHAMAMY PROJECT

✓ Plant created at industry leading CAPEX intensity (per mt capacity):US$317/per mt

✓ Positive EBIDTA attained

✓ Revenue generative: US$650,000 in ramp up phase

✓ Commercial production declared from January 2020

✓ Average gross margins of 53.12% during April-Dec 2019 ramp up

✓ Commercial production average cost of production expected to furtherreduce


50% Jumbo Flake >50#35% Large

Flake >80#

15% Small Flake <80#

• >95% carbon purity

• Offering standard as

well as tailor made

grades

• 85% jumbo & large

flake distribution

Target parameters - Achieved

Recovery >85%

Purity >95

Production rate Up to 10mt per day

Mining 2:1 strip ratio

Ore feed recovered as

construction sand

50%

Product Basket

First module of 3000 tpa established, achieved all target parameters

Performance and financial results April-Dec 2019 ramp up stage

Cost Head / ParticularsCost Incurred (£) / Outputs(MT)

Mining & Processing £189,355/-

Human Resources £116,272/-

Logistics utilities & plant admin £53,529/-

Increase / (Decrease) in inventory of inputs £120,117/-

Total Cost of production £239,039/-

Quantity Produced (MT) 926.70

Cost per ton produced £257/-

Quantity Sold (MT) 769mt

Revenue Generated £509,874/-

Average Selling price (per MT) £663

Gross Margins (per MT) £405

Gross Margin on sales (%) 53.12%

3,000 TPA Plant Commissioned March 2019

TIRUPATI GRAPHITE

Sustainable Operations - Madagascar


Tirupati has developed and adopted environmentally friendly methods for mining, processing and infrastructural developments

• Reduces mining equipment requirements and fuel consumption

Free-dig mining with zero-blasting

requirements

• Reduces energy requirements massivelyLean processing

• Proprietary technology reduces processing waste by 50% by extracting sand as a by-product, useable for construction

• Sand reused as a construction material on site and in local area, significantly reducing carbon footprint

Low processing waste

• Water discharged from processing consists of impurities mainly in the form of clay

• Tirupati has developed a tailings dam to recondition the water, making it re-useableWater reuse

• All electricity requirements to be met using renewable sources

• Solar panels installed at Vatomina base camp

• Feasibility study completed for installing hydro-electricity

Renewable energy

• Established plantations at project sites

• Participated in plantation activities organised by the government of MadagascarGreen

commitments

SPECIALITY GRAPHITE

14

Multiple Products:

✓ High purity flake

✓ Expandable

✓ Micronised

✓ Shaped

25%of flake graphite

consumption is in

specialty, hi-tech

applications, and

this is set to

rise

High growth applications

such as green energy,

energy storage,

composites including

electric vehicles, flame

retardants, foils and

gaskets, conductive

polymers and insulation

materials require

specially processed flake

graphite

1000 kg graphite is used to produce a 1 GWh Battery

Due to major fire breakouts, flame retardancy requirements are becoming more stringent leading

to demand growth

TIRUPATI GRAPHITE

HI-TECH PROCESSING IN INDIA


STRATEGIC LOCATION

▪ Well developed infrastructure

▪ Close proximity to input materials

▪ Skilled and technically qualified workforce

▪ Low cost structures

▪ Supportive backdrop – India has various policiespromoting manufacturing and business, includingthe ‘Make in India’ Policy

▪ Large domestic demand for products

▪ Technologically advanced processes developed

▪ GROWING MARKET DEMAND

▪ Due to major fire breakouts, flame retardancyrequirements are becoming more stringent indeveloping as well as developed nations, leading togrowing requirements for suitable materials

▪ India is projected to be one of the major EV marketsover the next decade - the government of India aimsto eliminate sales of internal combustion vehicles by2030

Specialty Graphite

Project to be

established in Gujarat

or Maharashta, India

Patalganga

Project located in

the well

developed

industrial area of

Maharashtra 40km

from Nhava Sheva

Port, India

TIRUPATI GRAPHITE

✓ Expandable

✓ High purity

✓ Micronised

✓ Spherical

✓ Expandable

✓ High purity

✓ Micronised

CARBOFLAMEX®

(flame retardant product)

launched & trademarked

First commercial sales

shipped in July 2019.

Supplying across industries

& applications

SPECIALIST GRAPHITE PROCESSING


Expansion to 4,800tpa 1,200tpa pilot plant

commissioned July 2019

Test samples approved

by large consumers

IN PROGRESS

✓ Expandable

Establish a 24,000tpa facility

(in two 12,000tpa stages)

Detailed Feasibility Study

completed

COMMENCE Q4 2021

PATALGANGA PROJECT SPECIALTY GRAPHITE PROJECT

Finishing facility and point

for sale of flake graphite

from Madagascar to smaller

consumers

Pilot Scale Tests

Completed Technical

expertise to

customise

product to

application

Lower gestation period,

High demand of TG’s

products

PRESENT

TIRUPATI GRAPHITE

PROVEN SUCCESS: PATALGANGA PROJECT


▪ Maiden product, CarboflameX®

can be used in an array of flameretardant products

▪ Including polyurethane foam,rubber latex foam, coatings ontextiles, wood and metals,intumescent tapes, bitumenroofing, door and window fireseals

▪ Supplying to domestic as well asinternational customers for hi-tech applications and industries

▪ Ability to screen and blend products to produce tailor made products for small domestic consumers

▪ Shipments of industrial flake graphite have been received from Sahamamy, Madagascar, customised to specifications of the customer and sold in smaller quantities.

FIRE RETARDANTS NATURAL GRAPHITE FINISHING

“This plant is closely aligned to the Company's strategy of starting operations with smaller facilities to

establish itself prior to building its markets and reputation ahead of its larger investments, which

substantially de-risks development”

Revenue of U$ 669,000 up to December 2019

Two established and growing revenue streams:

Commissioned July 2019

1,200 TPA Plant Commissioned July 2019

TIRUPATI GRAPHITE

SPECIALTY GRAPHITE - TIRUPATI’S GREEN SOLUTION


Environmentally friendly, high purity processing utilising specialist in-house developed technology to produce high purity graphite products customised to suit customer needs

EXISTING TECHNOLOGY TIRUPATI TECHNOLOGY

Hydrofluoric AcidPyrometallurgy Purification High Purity Graphite

Most common in China Chlorination roasting and high-temperature ash up to 3000⁰

Used by some companies in

Europe and the United States

Refined with bulk testing and is proven

to pilot scale.

Samples approved by customers as

preferred material

Benefits

✓ Small-scale infrastructure

investment,

✓ Easy implementation

✓ Strong universality

✓ Effective purification

✓ Eco friendly

✓ Purify flake graphite up to 99.95%

TGC

✓ Zero HF Required

✓ All inputs achieved as product/by-

product or recycled in process.

✓ Cost-Efficient Process

Negatives

Highly hazardous

Big environmental impact

Detrimental to Human Life

Highly energy intensive

Expensive

Large carbon footprint

19

Advanced materials

and technology

centre focussed on

cost effective and

environmentally

friendly technologies

for the production

and applications of

specialty graphite

and graphene

Graphene is a single atomic layer of

a honeycomb lattice of flake

graphite

GRAPHENE & TECHNOLOGY CENTRE

The global graphene

market stood at ~US$85

million in 2017 and grew

to ~US$200 million in

2018. It is forecast to

reach US$1 billion by

2023 as new applications

are developed and

implemented

(Source: Research and Markets in November,

2018)


TIRUPATI GRAPHITE

DE-RISKING GRAPHENE & TECHNOLOGY CENTRE


Fig.: Aluminium &

Graphene composite

formed with

exceptional

conductivity

Tirupati developed a state-of-the-art technology for manufacturing graphene. This

unique technology has the following benefits:

▪ High quality 2-4 layers graphene and graphene oxide

▪ Low cost, Commercially Feasible

▪ Scalable Process

▪ Zero-Chemical, Environment Friendly

The process has been standardised at 1 kg/day scale

GRAPHENE

ULTRA-HIGH

PURITY

GRAPHITE

TGMRC developed the Zero HF (Hydrogen Fluoride) high purity graphite

purification process for the company. Ultra-high purity graphite (“UHPG”) also

achieved (~99.99% TGC), which is a marketable precursor product for graphene.

This shall be produced in small scale at the centre

APPLICATION

DEVELOPMENT

WASTE TO

WEALTH

TECHNOLOGIES

▪ The company is working in collaboration with multiple industries and

universities for use of its graphene in their products

▪ Application development success achieved/ongoing in electrodes, aluminium

composite, rubber for tyres, polymer composites, flow control systems,

coatings, self-healing polymer

▪ The centre has developed the process for extracting sand as a by-product

from ore in industrial mineral processing – established at Sahamamy Project

▪ The centre has published its paper on converting tailings water

▪ Providing technological backbone to the group – Primary & Specialty Graphite

TIRUPATI GRAPHITE

Composite Materials for

Aerospace & Space:

Potential to reduce Weight & Fuel

Consumption in multiple parts of the

aircraft like engines, wings, tail etc.

Companies Working on it – Airbus,

Boeing, Aernnova, NASA, ISRO, ESA, Rolls

Royce and many more

In Rubber for Tyres:

Companies Working on it - Michelin, Goodyear etc.

Potential to increase strength, heat dissipation,

reduce weight and increase fuel efficiency


Coatings for Defence, Marine and

Space Applications:

Potential to increase charging speed,

safety, charge density, battery cycle etc.

In Multiple Parts of Batteries &

Supercapacitors

Potential to increase

abrasion resistance,

strength, life of materials

Companies Working on it – Real

Graphene, Samsung, IBM etc.

For Heat Dissipation and Thermal

Management, Thermal conductivity

Potential to increase energy

efficiency in electrodes, gadgets,

polymers, metal forming systems

THE BLUE SKY POTENTIAL - GRAPHENE

In Sports Equipments

Potential to reduce weight,

increase strength and life of goods

Companies working on it – Head,

Dassi etc.

21

TIRUPATI GRAPHITE

CSR – Shakuntalam, Madagascar


Education and Sports Promotion

• Provided stationery items and sports equipment to students

• Improved school campus building and other infrastructure

• Provided drinking water

• Organised sports matches

Health and Hygiene

• Doctor and basic medical provisions established on site for

employees and local villagers, includes a full-time dispensary

• Regularly run awareness camps on safety, health and hygiene

Employment and Infrastructure

• 150 people employed directly• Established internal roads boosting economy of the

surrounding villages• Provided homes for workers and their family• Developed marketplace for villagers

Vocational training & skill training facilities

• Established a dedicated CSR centre to support and run

training initiatives and activities

TIRUPATI GRAPHITE23CORPORATE PRESENTATION | Q1 2020

KEY VALUE

FUNDAMENTALS

Our Value

Proposition

TIRUPATI GRAPHITE

INVESTMENT OPPORTUNITY


24

Positioned for rapid growth

Low CAPEX &

OPEX

Low investment high

earning potential

Environmental

UpliftImplementing and

spearheading green

technologies

De-riskedproven operating

success and

technologies

Proven Team strong management

with sector

experience

Booming SectorMultiple high growth

consuming markets

Cash

Generativewith further uplift

through multiple

revenue streams

Defined

Development phased growth plans

Established

Divided PolicyEnabled by early cash

flows

24

TIRUPATI GRAPHITE

TOTAL CAPEX INVESTMENT


Ongoing medium term development plans up to FY 2022-23

Madagascar Pojects TSG TGMRC

39%

US$22.79

Million

27%

US$15.97

Million

34%

US$19.94

Million

Total CAPEX in US$m (Total US$58.69m)Investment Across Projects (in US$m)

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

STAGE 1 STAGE 2 STAGE 3

Madagascar Projects TSG TGMRC

US$7.74m

US$25.8m US$25.15m

TIRUPATI GRAPHITECORPORATE PRESENTATION | Q1 2020 26

VALUE CREATION

Ongoing medium term development plans up to FY 2022-23

PRODUCTION CAPACITY: 81,000 TPA

CMP: US$ 950 PER MT

PRODUCTION CAPACITY: 28,800 TPA

CMP: US$ 2500 PER MT

NATURAL FLAKE GRAPHITE SPECIALTY GRAPHITE GRAPHENE

PRODUCTION CAPACITY: 10 KG/DAY

2-4 LAYER GRAPHENE

TIRUPATI GRAPHITE

BOARD


Decades of sector & financial experience

Shishir Poddar

Executive Chair

& Managing Director

Shishir brings considerable industry

experience having spent over 25 years

developing projects and working in the

graphite industry, from operations to

supply. He is a member of the National

Board for MSME as a Special Invitee,

Government of India and has made

wide contributions in the sphere of

industrial policy and development,

delivering keynote addresses in various

forums including the Parliamentary

Committee for Industries, India.

Alongside this, he has significant

expertise within financial analysis and

project construction.

Hemant Poddar

Non-Executive Director

Hemant has over 27 years of

experience in the flake graphite

industry. He has contributed

extensively to the development of

the industry, with continued

involvement in trade bodies and

representation in various forums.

Christian Dennis


Based in London, Christian has over

20 years’ experience in the

London financial and capital markets.

With a focus on investment banking

and broking, he is widely connected

to a varied set of investor base in

London, Europe, Australia and

beyond.

Rajesh Kedia


Based in London, Rajesh has over 15

years of experience working in

investment banking and investment

management with extensive

experience in mergers & acquisitions

and capital raising. He has advised

many companies on their growth

plans and raising capital on the

London Stock Exchange. For the past

five years, he has been working with

UK Government Investments Ltd as

an Assistant Director.

TIRUPATI GRAPHITE

KEY MANAGEMENT TEAM


Decades of sector & financial experience

Vijay Bhagat

CEO, TSG

Mr. Bhagat has 38 years of techno-

commercial experience and expertise

in processing flake graphite into

specialty products like expandable

graphite for hi-tech applications like

environment friendly flame retardants

for aircraft cushions, foams, rubber

plastics, gaskets and sheets etc. He is

very well connected in the specialty

graphite markets and is highly

recognised in the industry for his

achievements and published research

papers presented in multiple

international conferences. With years

of experience in leading operations in

this sector, Mr. Bhagat proves to be a

dynamic leader with grip on multiple

arenas of the business

Kien Huynh

Chief Financial Officer

Kien is a mining industry professional

with over 20 years experience in

global capital markets and mining

finance. He has held various senior

executive management positions and

independent consulting roles for ASX

and AIM listed mining companies as

well as unlisted companies where he

has been responsible for aspects of

corporate financing, capital

structuring, strategy, business

development, commercial and

investor relations.

Uday P Singh

Project Director, TRM

Mr. Singh has over 35 years of

diversified experience in the

resource industry and project

management in India, Africa,

Indonesia, Bhutan etc. Well versed

with mining codes/regulations of

various and is a well learned and

experienced geologist. Having

worked with Geological Survey of

India for about 30 years at multiple

executive levels, he has exceptional

geological interpretation skills and a

huge record of achievements.

Puruvi PoddarGroup Head – Business & Project

Development

Puruvi graduated from the University

of Manchester with a BSc in Material

Science and Engineering. She has

experience and understanding of the

graphite industry and processing with

exposure to the sector for years. She

also has deep understanding of the

specialty graphite products and

graphene – their production processes,

applications and markets. She has done

feasibility studies on graphite projects

and participated in multiple graphite

and graphene conferences. She

contributes to multiple activities like

investor relations, market

development and sales, management

of production activities, business

development , strategic planning and

corporate development.

TIRUPATI GRAPHITE

FORWARD LOOKING STATEMENTS


All statements of opinion and/or belief contained in this Presentation and all views expressed represent the directors’ own current assessment and interpretation ofinformation available to them as at the date of this Presentation. In addition, this Presentation contains certain "forward-looking statements". Generally, theseforward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “forecasts”, “opportunity”,“potential”, “plan”, “future”, “seek”, “will”, “estimate”, “may” and “anticipates”. Forward-looking statements, whilst based on management’s best estimates andassumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-lookingstatements. Accordingly, readers should not place any reliance on forward-looking statements. The reader is cautioned not to place reliance on these statements orviews and no responsibility is accepted by the Company or any of its directors, officers, employees or agents in respect thereof. The Company does not undertake toupdate any forward-looking statement or other information that is contained in this Presentation whether as a result of new information, future earnings, orotherwise. Neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liabilitywhether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information containedin this Presentation or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of thisPresentation. No reliance may be placed for any purpose on the information or opinions made or given in this Presentation or the completeness, accuracy, or fairnessof the Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of contract, commitment or recommendation on the part of the Companyor the directors of the Company to proceed with any transaction or accept any offer and the right is reserved to terminate any discussions or negotiations with anyprospective investors. The Company reserves the right without any notice or liability to the recipient of this Presentation or its advisers to: (i) change any of theprocedures, timetable or requirements or terminate negotiations at any time prior to the signing of any binding agreement with investors; (ii) provide differentinformation or access to information to different persons; (iii) agree variations to the property, rights and liabilities comprised in the Company; and (iv) negotiate atthe same time with more than one person. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with anyappraisal or investigation of the Company. This Presentation should not be considered a recommendation by the Company or any of its affiliates in relation to anyprospective acquisition of shares in the Company. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalfof the Company or any of its affiliates, any of its directors, officers or employees or any other person as to the accuracy, completeness or fairness of the informationor opinions contained in this Presentation and no responsibility or liability is accepted for any such information or opinions or for any errors or omissions.

TIRUPATI GRAPHITE

CONTACT

For Enquiries

[email protected]

Investor Relations

St Brides Partners

020 7236 117

Financial Advisors:

Optiva Securities020 3137 1904

tirupatigraphite.co.uk

@TirupatiUK

32CORPORATE PRESENTATION | Q1 2020

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