TIRUPATI GRAPHITE PLC - Specialist graphite and graphene producers developing sustainable new age materials
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TIRUPATI GRAPHITE PLC
Specialist graphite
and graphene
producers developing
sustainable new age
materials
Corporate Presentation
Q1 2020
TIRUPATI GRAPHITE
DISCLAIMER The information contained in this confidential document (the “Presentation”) has been prepared by Tirupati Graphite plc (the “Company”) solely for informational purposes. It has not been fully verified and is subject to material updating, completion, revision, verification and further amendment without notice. By accepting this document, and in consideration for it being made available to such recipient, each recipient agrees to keep strictly confidential the information 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 to make an investment in the Company. This document has been provided to each recipient at their request, solely for their information, and may not be reproduced, 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 the express prior written consent of the Company. The purpose of this document is solely to provide information to persons who have expressed an interest in investigating 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 of sections 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 ‘qualified investors’ 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 have professional experience in matters relating to investments and who fall within the category of persons set out in Article 19 of the Financial Services and Markets 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 are otherwise permitted to receive it (together, the "Relevant Persons"). This Presentation is directed only at Relevant Persons and must not be acted on or relied upon by persons who are not Relevant Persons. Any other person who receives this Presentation should not rely or act upon it. By accepting this Presentation and not immediately returning it, the recipient is deemed to represent and warrant that: (i) they are a person who falls within the above description 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 use the 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 under any 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”) unless they are registered under the Securities Act or pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Neither this Presentation nor any copy of it may be taken or transmitted into the United States, or distributed, directly or indirectly, in the United States, or to any "US person" as defined in Regulation S under the Securities Act of 1933, including US resident corporations or other entities organised under 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 being made 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 it should 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, including the merits of investing and the risks involved. Prospective investors should not treat the contents of this Presentation as advice relating to legal, taxation or investment 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 has been extracted from unpublished sources prepared by other parties which have been made available to the Company. The Company has not carried out an independent investigation to verify the accuracy and completeness of such third party information. No responsibility is accepted by the Company or any of its directors, officers, employees or agents for the accuracy or completeness of such information. CORPORATE PRESENTATION | Q1 2020 2 TIRUPATI GRAPHITE
SNAPSHOT
Fully integrated, natural & Green & sustainable
specialty graphite and projects, processes and
graphene company products
Social uplift – employment
High Demand, Growing creation, GDP growth and
Market – Multiple Catalysts environmental benefit
Substantially De-risked – Value proposition – Building
three complementary a global leader - step by
businesses step – Low CAPEX & OPEX
Proven Success –
Production, Revenue Listing on LSE Main Market
generation & Low costs in H1 2020
established
CORPORATE PRESENTATION | Q1 2020 3 TIRUPATI GRAPHITE
FULLY INTEGRATED IN VALUE CHAIN
PRIMARY MINING HI-TECH
& PROCESSING GRAPHITE GRAPHENE
PROCESSING INDIA
MADAGASCAR
INDIA
Natural flake graphite is Further hi-tech processing High Purity graphite flakes
mined and undergoes undertaken to produce processed to produce
primary processing speciality graphite graphene
Used directly in conventional Produces high purity, expandable, A “wonder material”: highly conductive
industrial applications micronised and spheroidised graphite, of heat and electricity, excellent
customised to customer need strength properties – improves
properties multi-fold
Foundry, steelmaking, refractories and Fire retardants, lithium-ion batteries,
lubricants, insulation, conductive Energy harvesting and storage, biomedical
crucibles, as raw material for specialty
polymers and composites technologies, electronics, composites and
graphite products
coatings, water filtration, sensors
CORPORATE PRESENTATION | Q1 2020 4 TIRUPATI GRAPHITE
CREATING VALUES ACROSS THE VALUE CHAIN
Primary Processing Graphene
90000
81000
80000
Present:
70000
63000 1200 tpa Expandable
60000 Graphite - CarboFlameX 10kg/day
50000
graphene
45000
manufacturing
40000 Patalganga Expansion:
30000 27000 4800 tpa production output –
hi-tech graphite products
20000
10000 9000
3000 MINMET GRACE
0 Specialty Graphite Project:
24ktpa output – to be developed in 2
phases of 12ktpa each
Vatomina & Sahamamy Project, Tirupati Graphene & Mintech
Tirupati Specialty Graphite, India
Madagascar Research Center, India
81ktpa flake graphite by 2022 28ktpa specialty graphite products by 2022 10kg/day graphene by 2022
Fully integrated | End to End Solutions | Leveraging Experience & Expertise | Staged Development
CORPORATE PRESENTATION | Q1 2020 5 TIRUPATI GRAPHITE
“Graphite & Graphene extensively contribute to sustainability”
Improving Energy Renewable Energy Reducing Materials &
Efficiency Generation & Energy Fossil Fuel Consumption
Storage
▪ Thermal Management ▪ Fuel Cells ▪ Composites replacing
metals
▪ Lubrication ▪ Supercapacitors
▪ Coatings improving
▪ Metal forming ▪ Lithium-Ion Batteries for lifecycle
EVs and Energy Storage
▪ Insulation ▪ Graphene strength
▪ New Age Solar Energy,
Wind Energy
&
Flame Retardant Flake Graphite
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
CORPORATE PRESENTATION | Q1 2020 6 TIRUPATI GRAPHITE
A BURGEONING MARKET
“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.”
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
FAVOURABLE PRICING FORECAST
▪ The global graphite market demand is expected to
cause upward price pressure
▪ Global favour for ex China sources (Source: Fast Markets)
CORPORATE PRESENTATION | Q1 2020 7 TIRUPATI GRAPHITE
INCREASING DEMAND
Forecast Flake Graphite Consumption in Li-ion
Batteries
“The graphite market is expected
to grow to >2 million TPA by 2025
– Multiple Demand Drivers”
▪ Current market consumption is 1 million tpa with
rising graphite demand from high growth markets
with significant environmental benefit
▪ Energy Storage, Electric Vehicles, Expandable
Graphite etc
▪ 100 GWh Li-ion Battery requires c.100,000 tons of Forecast Expandable Graphite Consumption per
natural flake graphite Application (kMT)
▪ Expandable Graphite demand growing as a flame
retardant and in gaskets & sheets
32% CAGR 7% CAGR
Global expandable
Global battery market
graphite market growth
growth 2017-27
2017-27
CORPORATE PRESENTATION | Q1 2020 8 TIRUPATI GRAPHITE
PRIMARY MINING Madagascar
TG has
immense
expertise in
graphite
processing
technologies
The mined ore is
processed using
physical
beneficiation
technologies to
produce flake Vatomina
graphite of Project
different purities
and sizes Near-term
production Sahamamy
Project
In production
CORPORATE PRESENTATION | Q1 2020 9
PRIMARY FLAKE GRAPHITE MINING & PROCESSING
Strategic Location
Two strategic projects aerially 8km apart: • Madagascar is known for its high quality, large flakes graphite
resources
• Sahamamy Project
• Vatomina Project Permits & Clearances
▪ 40 year renewable Mining Permit covers 33 km2
▪ Environment clearance granted
▪ Favourable mining law
Resource
▪ High quality, large flake, free dig mining saprolite deposit with lean
processing requirement
Tamatave - Main Port of Madagascar
Permit Areas, 70-80 km from Tamatave
Current Production 3,000 TPA –> 81,000 by 2023
▪ Plant 1 of 6 commissioned
NH-2 Antananarivo to
▪ Producing & selling across the globe
Tamatave
▪ 3,000tpa | 85% recovery | 65% large flakes | up to 96% purity
Logistics
▪ 70 km from Toamasina deep sea port, connected by NH2
▪ Warehouse at port
VATOMINA PROJECT Development Strategy
▪ Early cash flows | modular expansion | low CAPEX & OPEX
▪ Continued value addition | organic development
SAHAMAMY PROJECT
Team
Madagascar is historically known for its quality of flake graphite deposits ▪ 100+ years cumulative experience
▪ Expertise in all aspects of the industry
CORPORATE PRESENTATION | Q1 2020 10 TIRUPATI GRAPHITEDEVELOPING 6 PLANTS ACROSS 2 PROJECT AREAS
SAHAMAMY PROJECT VATOMINA PROJECT
• 8 km2 mining permit area
• 25 km2 permit area
• Plant 1 of 3,000 tpa in
production – upto 97%C, large • A third of the mineralised zones
flake graphite have been explored to date –
JORC CPR imminent
• Construction sand as by-
product - achieved • Being developed to a total
production capacity of 60,000tpa
• Extensive Mines development, • First 6,000tpa plant substantially Maiden JORC Resource
JORC Resource
infrastructure development, constructed – targeted for
Indicated - 1.4mt@ 4.1% GC Indicated - 3.2mt@ 4.3% GC
feasibility study for hydro- completion Q1 2020
Inferred - 5.7mt @ 4.2% GC Inferred - 15.2mt @ 4.7% GC
electricity completed.
Exploration target of between 5 to Exploration target of between 8 to
7 million tons of flake graphite with 10 million tons of flake graphite
avg. grade 4 – 5% TGC with avg. grade 3 – 4% TGC
Established in-country facilities
• 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
CORPORATE PRESENTATION | Q1 2020 11 TIRUPATI GRAPHITEPROVEN SUCCESS: SAHAMAMY PROJECT
3,000 TPA Plant Commissioned March 2019
First module of 3000 tpa established, achieved all target parameters
✓ Plant created at industry leading CAPEX intensity (per mt capacity):
Target parameters - Achieved US$317/per mt
Recovery >85% ✓ Positive EBIDTA attained
✓ Revenue generative: US$650,000 in ramp up phase
Purity >95
✓ Commercial production declared from January 2020
Production rate Up to 10mt per day ✓ Average gross margins of 53.12% during April-Dec 2019 ramp up
Mining 2:1 strip ratio ✓ Commercial production average cost of production expected to further
reduce
Ore feed recovered as 50%
construction sand Performance and financial results April-Dec 2019 ramp up stage
Cost Incurred (£) / Outputs(MT)
Product Basket Cost Head / Particulars
Mining & Processing £189,355/-
Human Resources £116,272/-
• >95% carbon purity 15% Small Logistics utilities & plant admin £53,529/-
Flake Increase / (Decrease) in inventory of inputs £120,117/-
• Offering standard as 50#
Cost per ton produced £257/-
Flake >80# Quantity Sold (MT) 769mt
Revenue Generated £509,874/-
• 85% jumbo & large
Average Selling price (per MT) £663
flake distribution Gross Margins (per MT) £405
Gross Margin on sales (%) 53.12%
CORPORATE PRESENTATION | Q1 2020 12 TIRUPATI GRAPHITESustainable Operations - Madagascar
Tirupati has developed and adopted environmentally friendly methods for mining, processing and
infrastructural developments
Free-dig mining
with zero-
• Reduces mining equipment requirements and fuel consumption
blasting
requirements
Lean processing • Reduces energy requirements massively
• Proprietary technology reduces processing waste by 50% by extracting sand as a by-product, useable
Low processing for construction
waste
• Sand reused as a construction material on site and in local area, significantly reducing carbon footprint
• Water discharged from processing consists of impurities mainly in the form of clay
Water reuse
• Tirupati has developed a tailings dam to recondition the water, making it re-useable
• All electricity requirements to be met using renewable sources
Renewable
• Solar panels installed at Vatomina base camp
energy
• Feasibility study completed for installing hydro-electricity
Green • Established plantations at project sites
commitments • Participated in plantation activities organised by the government of Madagascar
CORPORATE PRESENTATION | Q1 2020 13 TIRUPATI GRAPHITEMultiple Products:
SPECIALITY GRAPHITE ✓
✓
High purity flake
Expandable
✓ Micronised
✓ Shaped
25% Due to major fire breakouts, flame retardancy
of flake graphite requirements are becoming more stringent leading
consumption is in to demand growth
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 produce14a 1 GWh BatteryHI-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 policies
promoting manufacturing and business, including
the ‘Make in India’ Policy
▪ Large domestic demand for products
▪ Technologically advanced processes developed
Patalganga
Project located in
the well ▪ GROWING MARKET DEMAND
developed ▪ Due to major fire breakouts, flame retardancy
industrial area of requirements are becoming more stringent in
Maharashtra 40km developing as well as developed nations, leading to
from Nhava Sheva growing requirements for suitable materials
Port, India ▪ India is projected to be one of the major EV markets
over the next decade - the government of India aims
Specialty Graphite to eliminate sales of internal combustion vehicles by
Project to be 2030
established in Gujarat
or Maharashta, India
CORPORATE PRESENTATION | Q1 2020 15 TIRUPATI GRAPHITESPECIALIST GRAPHITE PROCESSING
PATALGANGA PROJECT SPECIALTY GRAPHITE PROJECT
1,200tpa pilot plant Establish a 24,000tpa facility
Expansion to 4,800tpa
commissioned July 2019 (in two 12,000tpa stages)
PRESENT IN PROGRESS COMMENCE Q4 2021
✓ Expandable
✓ Expandable ✓ High purity
✓ Expandable ✓ High purity ✓ Micronised
✓ Micronised ✓ Spherical
CARBOFLAMEX® Test samples approved Detailed Feasibility Study
(flame retardant product)
by large consumers completed
launched & trademarked
First commercial sales
shipped in July 2019. Pilot Scale Tests
Supplying across industries Completed Technical
& applications
expertise to
Finishing facility and point Lower gestation period,
customise
for sale of flake graphite High demand of TG’s product to
from Madagascar to smaller products application
consumers
CORPORATE PRESENTATION | Q1 2020 16 TIRUPATI GRAPHITEPROVEN SUCCESS: PATALGANGA PROJECT
1,200 TPA Plant Commissioned July 2019
“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”
Commissioned July 2019 Revenue of U$ 669,000
up to December 2019
Two established and growing revenue streams:
FIRE RETARDANTS NATURAL GRAPHITE FINISHING
▪ Maiden product, CarboflameX® ▪ Ability to screen and blend products
can be used in an array of flame to produce tailor made products for
retardant products small domestic consumers
▪ Including polyurethane foam,
rubber latex foam, coatings on
▪ Shipments of industrial flake
textiles, wood and metals, graphite have been received from
intumescent tapes, bitumen Sahamamy, Madagascar, customised
roofing, door and window fire to specifications of the customer
seals and sold in smaller quantities.
▪ Supplying to domestic as well as
international customers for hi-
tech applications and industries
CORPORATE PRESENTATION | Q1 2020 17 TIRUPATI GRAPHITESPECIALTY 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 Acid
Pyrometallurgy Purification High Purity Graphite
Most common in China Chlorination roasting and high- Refined with bulk testing and is proven
temperature ash up to 3000⁰ to pilot scale.
Samples approved by customers as
Used by some companies in preferred material
Europe and the United States
✓ Eco friendly
✓ Purify flake graphite up to 99.95%
✓ Small-scale infrastructure
TGC
investment,
Benefits ✓ Effective purification ✓ Zero HF Required
✓ Easy implementation
✓ All inputs achieved as product/by-
✓ Strong universality
product or recycled in process.
✓ Cost-Efficient Process
Highly hazardous Highly energy intensive
Negatives Big environmental impact Expensive
Detrimental to Human Life Large carbon footprint
CORPORATE PRESENTATION | Q1 2020 18 TIRUPATI GRAPHITEGRAPHENE & TECHNOLOGY CENTRE
Graphene is a single atomic layer of
a honeycomb lattice of flake
graphite
Advanced materials
and technology
centre focussed on
cost effective and
environmentally
friendly technologies
for the production
and applications of
specialty graphite
and graphene
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)
CORPORATE PRESENTATION | Q1 2020 19DE-RISKING GRAPHENE & TECHNOLOGY CENTRE
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
GRAPHENE ▪ Low cost, Commercially Feasible
▪ Scalable Process
▪ Zero-Chemical, Environment Friendly
The process has been standardised at 1 kg/day scale
TGMRC developed the Zero HF (Hydrogen Fluoride) high purity graphite Fig.: Aluminium &
ULTRA-HIGH Graphene composite
purification process for the company. Ultra-high purity graphite (“UHPG”) also formed with
PURITY
achieved (~99.99% TGC), which is a marketable precursor product for graphene. exceptional
GRAPHITE conductivity
This shall be produced in small scale at the centre
▪ The company is working in collaboration with multiple industries and
universities for use of its graphene in their products
APPLICATION
▪ Application development success achieved/ongoing in electrodes, aluminium
DEVELOPMENT
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
WASTE TO
from ore in industrial mineral processing – established at Sahamamy Project
WEALTH
▪ The centre has published its paper on converting tailings water
TECHNOLOGIES
▪ Providing technological backbone to the group – Primary & Specialty Graphite
CORPORATE PRESENTATION | Q1 2020 20 TIRUPATI GRAPHITETHE BLUE SKY POTENTIAL - GRAPHENE
Coatings for Defence, Marine and For Heat Dissipation and Thermal
Space Applications: Management, Thermal conductivity
Potential to increase Potential to increase energy
abrasion resistance, efficiency in electrodes, gadgets,
strength, life of materials polymers, metal forming systems
In Sports Equipments
Composite Materials for
Aerospace & Space: Potential to reduce weight,
increase strength and life of goods
Potential to reduce Weight & Fuel Companies working on it – Head,
Consumption in multiple parts of the Dassi etc.
aircraft like engines, wings, tail etc.
Companies Working on it – Airbus,
Boeing, Aernnova, NASA, ISRO, ESA, Rolls
In Multiple Parts of Batteries &
Royce and many more
Supercapacitors
Potential to increase charging speed,
In Rubber for Tyres: safety, charge density, battery cycle etc.
Potential to increase strength, heat dissipation, Companies Working on it – Real
reduce weight and increase fuel efficiency Graphene, Samsung, IBM etc.
Companies Working on it - Michelin, Goodyear etc.
CORPORATE PRESENTATION | Q1 2020 21 TIRUPATI GRAPHITECSR – Shakuntalam, Madagascar
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
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
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
Vocational training & skill training facilities
• Established a dedicated CSR centre to support and run
training initiatives and activities
CORPORATE PRESENTATION | Q1 2020 22 TIRUPATI GRAPHITEKEY VALUE
FUNDAMENTALS
Our Value
Proposition
CORPORATE PRESENTATION | Q1 2020 23 TIRUPATI GRAPHITEINVESTMENT OPPORTUNITY
Positioned for rapid growth
Cash Defined Low CAPEX & De-risked
Generative Development OPEX proven operating
with further uplift success and
phased growth plans
through multiple technologies
Low investment high
revenue streams earning potential
Environmental Booming Sector Proven Team Established
Multiple high growth strong management
Uplift with sector
Divided Policy
consuming markets
Implementing and Enabled by early cash
experience
spearheading green flows
24
technologies
CORPORATE PRESENTATION | Q1 2020 24 TIRUPATI GRAPHITETOTAL CAPEX INVESTMENT
Ongoing medium term development plans up to FY 2022-23
Investment Across Projects (in US$m) Total CAPEX in US$m (Total US$58.69m)
$30.00
US$25.8m US$25.15m
$25.00
27%
$20.00
US$15.97
Million
39%
$15.00
US$22.79
Million
$10.00
34% US$7.74m
US$19.94
$5.00
Million
$-
STAGE 1 STAGE 2 STAGE 3
Madagascar Projects TSG TGMRC
Madagascar Pojects TSG TGMRC
CORPORATE PRESENTATION | Q1 2020 25 TIRUPATI GRAPHITEVALUE CREATION
Ongoing medium term development plans up to FY 2022-23
NATURAL FLAKE GRAPHITE SPECIALTY GRAPHITE GRAPHENE
PRODUCTION CAPACITY: 81,000 TPA PRODUCTION CAPACITY: 28,800 TPA PRODUCTION CAPACITY: 10 KG/DAY
CMP: US$ 950 PER MT CMP: US$ 2500 PER MT 2-4 LAYER GRAPHENE
CORPORATE PRESENTATION | Q1 2020 26 TIRUPATI GRAPHITEBOARD
Decades of sector & financial experience
Shishir Poddar Christian Dennis Hemant Poddar Rajesh Kedia
Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director
& Managing Director
Shishir brings considerable industry Based in London, Christian has over Hemant has over 27 years of Based in London, Rajesh has over 15
experience having spent over 25 years 20 years’ experience in the experience in the flake graphite years of experience working in
developing projects and working in the London financial and capital markets. industry. He has contributed investment banking and investment
graphite industry, from operations to With a focus on investment banking extensively to the development of management with extensive
supply. He is a member of the National and broking, he is widely connected the industry, with continued experience in mergers & acquisitions
Board for MSME as a Special Invitee, to a varied set of investor base in involvement in trade bodies and and capital raising. He has advised
Government of India and has made London, Europe, Australia and representation in various forums. many companies on their growth
wide contributions in the sphere of beyond. plans and raising capital on the
industrial policy and development, London Stock Exchange. For the past
delivering keynote addresses in various five years, he has been working with
forums including the Parliamentary UK Government Investments Ltd as
Committee for Industries, India. an Assistant Director.
Alongside this, he has significant
expertise within financial analysis and
project construction.
CORPORATE PRESENTATION | Q1 2020 27 TIRUPATI GRAPHITEKEY MANAGEMENT TEAM
Decades of sector & financial experience
Vijay Bhagat Uday P Singh Kien Huynh Puruvi Poddar
CEO, TSG Project Director, TRM Chief Financial Officer Group Head – Business & Project
Development
Mr. Bhagat has 38 years of techno- Mr. Singh has over 35 years of Kien is a mining industry professional
Puruvi graduated from the University
commercial experience and expertise diversified experience in the with over 20 years experience in
of Manchester with a BSc in Material
in processing flake graphite into resource industry and project global capital markets and mining
Science and Engineering. She has
specialty products like expandable management in India, Africa, finance. He has held various senior
experience and understanding of the
graphite for hi-tech applications like Indonesia, Bhutan etc. Well versed executive management positions and graphite industry and processing with
environment friendly flame retardants with mining codes/regulations of independent consulting roles for ASX exposure to the sector for years. She
for aircraft cushions, foams, rubber various and is a well learned and and AIM listed mining companies as also has deep understanding of the
plastics, gaskets and sheets etc. He is experienced geologist. Having well as unlisted companies where he specialty graphite products and
very well connected in the specialty worked with Geological Survey of has been responsible for aspects of graphene – their production processes,
graphite markets and is highly India for about 30 years at multiple corporate financing, capital applications and markets. She has done
recognised in the industry for his executive levels, he has exceptional structuring, strategy, business feasibility studies on graphite projects
achievements and published research geological interpretation skills and a development, commercial and and participated in multiple graphite
papers presented in multiple huge record of achievements. investor relations. and graphene conferences. She
international conferences. With years contributes to multiple activities like
of experience in leading operations in investor relations, market
this sector, Mr. Bhagat proves to be a development and sales, management
dynamic leader with grip on multiple of production activities, business
arenas of the business development , strategic planning and
corporate development.
CORPORATE PRESENTATION | Q1 2020 28 TIRUPATI GRAPHITEFORWARD 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 of information available to them as at the date of this Presentation. In addition, this Presentation contains certain "forward-looking statements". Generally, these forward-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 and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place any reliance on forward-looking statements. The reader is cautioned not to place reliance on these statements or views 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 to update any forward-looking statement or other information that is contained in this Presentation whether as a result of new information, future earnings, or otherwise. Neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information contained in 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 this Presentation. No reliance may be placed for any purpose on the information or opinions made or given in this Presentation or the completeness, accuracy, or fairness of 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 Company or 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 any prospective 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 the procedures, timetable or requirements or terminate negotiations at any time prior to the signing of any binding agreement with investors; (ii) provide different information or access to information to different persons; (iii) agree variations to the property, rights and liabilities comprised in the Company; and (iv) negotiate at the 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 any appraisal or investigation of the Company. This Presentation should not be considered a recommendation by the Company or any of its affiliates in relation to any prospective acquisition of shares in the Company. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of 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 information or opinions contained in this Presentation and no responsibility or liability is accepted for any such information or opinions or for any errors or omissions. CORPORATE PRESENTATION | Q1 2020 29 TIRUPATI GRAPHITE
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CONTACT
For Enquiries
admin@tirupatigraphite.co.uk
Investor Relations
St Brides Partners
020 7236 117
Financial Advisors:
Optiva Securities
020 3137 1904
@TirupatiUK
tirupatigraphite.co.uk
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