2. TIRUPATI GRAPHITE
DISCLAIMER
2
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.
PRE-IPO PRESENTATION | 2020
3. TIRUPATI GRAPHITE
! Registered in London April 2017
! Promoted by Specialist entrepreneurs in flake graphite
! Graphite and graphene are specialty materials
! Key contributor to the green economy
! TG poised to be a global leader in the space
3
PRE-IPO PRESENTATION | 2020
Tirupati Graphite plc
4. TIRUPATI GRAPHITE
INVESTMENT CASE
4
Multi Asset – Multi Jurisdiction – Long Chain of Value Creation – Success Demonstrated
Low CAPEX &
OPEX
Established - Low
investment high earning
potential
Environmental &
Social Uplift
Implementing and
spearheading green
technologies, materials &
improving lives
Quality Assets &
Resources
Large flake, saprolite
deposits
Proven Team &
technologies
Strong management
with sector experience
Booming Sector
Multiple high growth
consuming markets
Cash Generative,
Substantially
De-Risked
Producing, Revenue
Generating
Defined
Development
Phased growth plans,
organic development
Integrated in the
Value Chain
Natural and specialty
graphite & graphene
Company
4
PRE-IPO PRESENTATION | 2020
5. TIRUPATI GRAPHITE
5
“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
Halogen Free Flame Retardant Flake Graphite
PRE-IPO PRESENTATION | 2020
6. TIRUPATI GRAPHITE
FULLY INTEGRATED IN VALUE CHAIN
6
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
PRE-IPO PRESENTATION | 2020
7. TIRUPATI GRAPHITE
Fully integrated | End to End Solutions | Leveraging Experience & Expertise | Staged Development
Graphene
Downstream
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
Present
Q4#2020
Q1#2022
Q4#2022
Q3#2023
Q3#2024
81000
63000
45000
27000
9000
3000
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
GRACE
MINMET
Tirupati Graphene & Mintech
Research Centre, India
CREATING VALUES ACROSS THE VALUE CHAIN
7
81ktpa'flake'graphite'by'2024 28ktpa'specialty'graphite'products'by'2024 10kg/day)graphene)by)2024
PRE-IPO PRESENTATION | 2020
8. TIRUPATI GRAPHITE
8
“The graphite market is expected
to grow to >2 million TPA by 2025
– Multiple Demand Drivers”
! Current global consumption is 1.2 million tpa.
! rising demand from Energy Storage, Electric
Vehicles, Expandable Graphite, composites etc
! 1 GWh Li-ion Battery requires c.1000 tons
! Flame retardant, thermal management foils &
sheets driving expandable demand
Forecast Flake Graphite Consumption in Li-ion
Batteries
Forecast)Expandable)Graphite)Consumption)per)Application)(kMT)
32% CAGR
Global battery market
growth 2017-27
7% CAGR
Global expandable
graphite market growth
2017-27
PRE-IPO PRESENTATION | 2020
A BURGEONING MARKET
Source:(Roskill
Source:(Roskill
Source:(Fast(Markets
500% in graphite supply required
For energy storage alone – World Bank Group
9. TIRUPATI GRAPHITE
• Longer'gestation
• Higher'costs
• Resource(Rich
• Low$OPEX$structures
• Developing*Economies
• Well$Positioned$on$
Globe
• Overexploited
• Environment*concerns
• Policy'Concerns
• Increasing*costs
There%is%an%opportunity%for%African%Graphite%projects%to%meet%growing%graphite%demand
Heilongjiang*Region
Shandong(Region
Inner%Mongolia%Region
• Locational)Disadvantage
• Limited'Growth'Scope
• Negligible'larger'flakes
• Extreme'Climate
• Output%Depleted
• Fines&+&Large&Flakes
>70% primary graphite produced in China
>90% specialty graphite manufactured in China
USA & EU classify graphite as ‘critical resource’
9
PRE-IPO PRESENTATION | 2020
SUPPLY SIDE DYNAMICS
10. TIRUPATI GRAPHITE
COVID-19 IMPACTS ON MARKETS
10
PRE-IPO PRESENTATION | 2020
Increased focus on Green Energy –
Governments & Individuals
! We are experiencing cleaner air as a COVID
impact
! Germany, France, UK announced EV
simulation packages
! Increased focus to achieve the Paris
Agreement goals
April&1&! 15
Source Diversification Gained Momentum
! Classified as a critical resource by the
US and EU
! New sources outside of China a
necessity, especially specialty graphite
products
! Consumers across the globe keen on
diversifying to sources outside China
! Short-term demand reduction is visible
though long-term demand fundamentals
stronger
! Production closures and Supply shortage
leading to upward price pressure in
spite.
11. TIRUPATI GRAPHITE
TG STRATEGY DIFFERENTIATORS
11
PRE-IPO PRESENTATION | 2020
INDUSTRY DYNAMICS TG STRATEGY
New age
applications
require
downstream
processing
Pre production
investment
prudence key to
sustained value
creation
Niche Sector –
Not a Bulk
Mineral
Step by step
integration with
user industry a
necessity
90% of
downstream
processing
concentrated in
China
Supply security
and diversity a
global need
Staged Development – Mitigate Risks on
Markets and Technologies
Develop technological expertise - meet
user expectations optimise costs
Minimize Pre-Production Investment of
Time and Resources
Integrated to Cater to all Applications,
Serving End Users
Develop sustainability in all Spheres –
Environment, Social, Value Creation
Market
penetration
with end users
is time taking
but long-term
12. PRIMARY MINING
& PROCESSING
12
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
13. TIRUPATI GRAPHITE
! 40 year renewable Mining Permit covers 33 km2
! Environment clearance granted
! Favourable mining law
Permits & Clearances
! 70 km from Toamasina deep sea port, connected by NH2
! Warehouse at port
Logistics
Vatomina & Sahamamy Basics
13
! Expert geology mining and processing management team in country
! Local component of total employment over 95%
Team
Tamatave ! Main%Port%of%Madagascar
SAHAMAMY&PROJECT
NH!2"Antananarivo"to"
Tamatave
Permit'Areas,'70!80#km#from#Tamatave
VATOMINA(PROJECT
Vatomina JORC 2012 Resource c. 30% area explored
• Indicated - 03.2 million tons @ 4.3% GC
• Inferred - 15.2 million tons @ 4.7% GC
• Exploration target - 8 to 10 million tons @ 3 – 4% GC
Two strategic projects aerially 8km apart:
• Sahamamy Project 8 km2
mining permit
• Vatomina Project 25 km2
mining permit
Madagascar(is(historically(known(for(its(quality(of(flake(graphite(deposits
PRE-IPO PRESENTATION | 2020
! High quality, large flake, free dig mining saprolite deposit
! Madagascar recognised as a world lead quality resource
! Producing for over 100 years
Resource Quality
Sahamamy JORC 2012 Resource c. 25% area explored
• Indicated - 1.4 million tons @ 4.1% GC
• Inferred - 5.7 million tons @ 4.2% GC
• Exploration target - 5 to 7 million tons @ 3 – 4% GC
14. TIRUPATI GRAPHITE
PROJECT STAGE
14
• Planned capacity 21 ktpa in 2
modules
• 3 ktpa plant 1 facilities
established and in production
• Extensive mines & internal
infrastructure developed
• Construction sand as by-
product - achieved
• Shipping across the globe into
multiple applications
SAHAMAMY PROJECT brownfield acquired VATOMINA PROJECT greenfield
Established in-country facilities
• 4,000 sq. ft. warehouse at Tamatave Port
• Internal roads at both projects
• Admin Office at Antananarivo
• Support Office at Port city
• Engineering centres, stores, base camps and residential & admin quarters at both projects
PRE-IPO PRESENTATION | 2020
14#years#resource#established#for#both#projects#at#planned#capacity#of#81ktpa#in#<30%#of#the#mineralised#zone.#Further#
exploration+to+progress+along+development
• Planned capacity 60 ktpa in 4
modules
• 6 ktpa plant 1 facilities
substantially constructed
• Extensive internal
infrastructure developed
• Well equipped engineering
centre supporting both
projects
• Stage one land surface rights
acquired
Mining in operation
15. TIRUPATI GRAPHITE
PROVEN SUCCESS: SAHAMAMY PROJECT
! Industry leading CAPEX intensity US$317/per MT
! Lean processing technology with sand as by-product
! Commercial production from January 2020
! Base for scale up set for both projects
15
50% Jumbo
Flake >50#
35% Large
Flake >80#
15% Small
Flake
<80#
• Organic Market
Development with 70%
End Users
• 85% Jumbo & Large
Flake Distribution
• US$850/t realised
Basket Price
Target parameters - Achieved
Recovery >85%
Purity >95% Carbon
Production rate Up to 10mt per day
Mining 2:1 strip ratio
Ore feed recovered as
construction sand
c. 50%
Product Basket
First module of 3 ktpa established, achieved all target parameters
Unaudited performance and financial results April 2019 to March 2020
including ramp up stage
Quantity Produced (MT) 1318 MT
Quantity Sold (MT) 1206 MT
Cost per ton produced (US$/MT) US$ 386 / MT
Total Cost of Sales (US$) US$ 509,185
Average Selling price (per MT) US$ 835 / MT
Revenue Generated US$ 1,006,555
Gross Sales Margin 50%
3,000$TPA$Plant$Commissioned$March$2019
PRE-IPO PRESENTATION | 2020
16. TIRUPATI GRAPHITE
Environment & Sustainability
16
Tirupati has developed and adopted environmentally friendly methods for mining, processing and
infrastructural developments
• Reduces mining equipment requirements and fuel consumption
Free-dig
mining with
zero-blasting
requirements
• Reduces energy requirements massively
Lean
processing
• Proprietary technology reduces processing waste by 50% by extracting sand as a by-product,
useable for construction
• Sand reused as a construction material on site and in local area, significantly reducing carbon
footprint
Low processing
waste
• Water discharged from processing consists of impurities mainly in the form of clay
• Tirupati has developed a tailings dam to recondition the water, making it re-useable
Water reuse
• All electricity requirements to be met using renewable sources in long term
• Solar panels installed at base camp of both projects
• Feasibility study completed for installing hydro-electricity
Renewable
energy
• Established plantations at project sites
• Participated in plantation activities organised by the government of Madagascar
Green
commitments
PRE-IPO PRESENTATION | 2020
Energy
Efficiency
Waste
Reduction
& Reuse
17. TIRUPATI GRAPHITE
SPECIALITY GRAPHITE
17
Multiple Products:
! High purity flake
! Expandable
! Micronised
! Spherical
25%
of flake graphite
consumption is in
specialty, hi-tech
applications, and
this is set to
rise
High growth applications
such as green energy,
energy storage,
composites including
electric vehicles, flame
retardants, foils and
gaskets, conductive
polymers and insulation
materials require
specially processed flake
graphite
1000 tons graphite is used to produce a 1 GWh Battery
Due$to$major$fire$breakouts,$flame$retardancy$
requirements*are*becoming*more*stringent*leading*
to#demand#growth
18. TIRUPATI GRAPHITE
HI-TECH DOWNSTREAM PROCESSING, INDIA
18
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 & export
benefits
TEAM
! Developed a leadership team with decades of
experience in specialty graphite
! Provides base and support to Madagascar
operations
Specialty Graphite
Project to be
established in
West Coast, India
Patalganga
Project located in
the well
developed
industrial area of
Maharashtra,
40km from Nhava
Sheva Port, India
PRE-IPO PRESENTATION | 2020
19. TIRUPATI GRAPHITE
! Expandable
! High purity
! Micronised
! Spherical
! Expandable
! High purity
! Micronised
CARBOFLAMEX®
(flame retardant product)
launched & trademarked
First commercial sales in
July 2019. Supplying
across industries &
applications
DEVELOPMENT PLAN & STAGE
19
Expansion to 4.8ktpa
PROVEN SUCCESS:
1.2ktpa plant
commissioned July 2019
Test samples approved
by large consumers
IN PROGRESS
! Expandable
Establish a 24ktpa facility
(in two 12,000tpa stages)
Detailed Feasibility Study
completed
COMMISSION Q1 2023
PATALGANGA PROJECT SPECIALTY GRAPHITE PROJECT
Finishing facility and point
of sale of flake graphite
from Madagascar to smaller
consumers
Process & technology
development completed Technical
expertise to
customise
product to
application
Lower gestation period,
High demand of TG’s
products
PRESENT
PRE-IPO PRESENTATION | 2020
PU#foam#using#CarboflameX
Plant&inside&view&of&Patalganga
20. TIRUPATI GRAPHITE
SPECIALTY GRAPHITE - TIRUPATI’S GREEN SOLUTION
20
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-
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
PRE-IPO PRESENTATION | 2020
21. TIRUPATI GRAPHITE
21
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$1 billion by
2023 as new applications
are developed and
implemented
(Source: Research and Markets in November,
2018)
PRE-IPO PRESENTATION | 2020
22. TIRUPATI GRAPHITE
22
PRE-IPO PRESENTATION | Q2 2020
GRAPHENE
Detailed(Feasibility(
Study&Completed
High%Surface%Area
2"– 4"layers"GO"&"RGO
Zero!Chemical,*Environment*
Friendly)Process
Low$Cost,$Commercially$
Feasible
10kg/day)production
capacity
Process'stabilised'at'1'
kg/day'scale
Scalable'Process
Compatibility+with+
multiple(materials
ULTRA-HIGH
PURITY
GRAPHITE
Sold%as%Graphene%
Precursor
99.99%$TGC$Flake$
Graphite)Production
Samples(approved(by(
Graphene(Producers
APPLICATION
DEVELOPMENT
Industry)Focused)
Application*
Development
Collaborations+with+
Research(Institutions(&(
Industries
GRAPHENE & TECHNOLOGY CENTRE
Success&Achieved&in&
Multiple(Applications
WASTE TO
WEALTH
TECHNOLOGIES
Established+Sand+
Extraction*as*By!
Product
Developed(Tailings(
Water&Recycling&Process&&
Technological+Backbone
Self-sufficient, industry focused graphene manufacturing and application development technology centre
23. 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
REVOLUTIONISING MATERIALS - GRAPHENE
In Sports Equipments
Potential to reduce weight,
increase strength and life of goods
Companies working on it – Head,
Dassi etc.
23
PRE-IPO PRESENTATION | 2020
25. TIRUPATI GRAPHITE
25
Ongoing medium term development plans up to 2024
PRODUCTION*CAPACITY:*81*KTPA
Basket'CMP:'c.'US$950'PER'MT
PRODUCTION*CAPACITY:*28.8*KTPA
Basket'CMP:'US$2500'PER'MT
SPECIALTY*GRAPHITE GRAPHENE
PRODUCTION*CAPACITY:*10*KG/DAY
Top$class$materials$R$&$D$facilities
PRE-IPO PRESENTATION | 2020
50% Jumbo Flake
>50# US$1200/MT
35% Large Flake >80#
US$800/MT
15% Small
Flake
<80#
US$500/MT
90-95% carbon purity
High%Purity%
Graphite
US$1800'–
3000/MT
Expandable*
Graphite
US$$2500$–
5000/MT
Micronised
Graphite
US$2000&– 3000/MT
Spherical*
Graphite
US$3000&–
4000/MT
2-4 Layer Graphene
NATURAL'FLAKE'GRAPHITE
PRODUCT BASKET DISTRIBUTION
26. TIRUPATI GRAPHITE
Proven Success –
Production, Revenue
generation & Low costs
established
Substantially De-risked –
three complementary
businesses
Organic Development –
Strategizing growth in sync with
market development and
industry dynamics
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
SUMMARY
26
High Demand, Growing
Market – Multiple Catalysts
PRE-IPO PRESENTATION | 2020
27. TIRUPATI GRAPHITE
BOARD
27
Decades of sector & financial experience
PRE-IPO PRESENTATION | 2020
Shishir Poddar, Executive Chair & Managing Director:
Shishir brings considerable industry experience having spent over 29 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 30 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
Rajesh Kedia, Non-Executive Director:
Based in London, Rajesh has over 17 years of experience working in investment banking and investment management with extensive
experience in mergers & acquisitions and capital raising. He previously worked for Morgan Stanley and RBS where he advised many companies
on their growth plans and raising capital on the London Stock Exchange. For the past 7 years, he has been working with the UK Government
Investments Ltd as an Assistant Director.
Lincoln Moore, Non-Executive Director:
For the past 12 years Mr. Moore has been actively involved in establishing and raising finance for African based agriculture and mining projects and
currently serves as an executive director of AIM listed Dekel Agri-Vision, with primary responsibilities in corporate finance. He has led a number of
debt and equity transactions with London, African and international government backed financial institutions. In addition, he currently serves as as a
non executive director of Firering Holdings Ltd and Pearlside Holdings Ltd. Mr Moore is a Chartered Accountant and former senior manager in the
restructuring division of Deloitte London.
Christian Dennis, Non-Executive Director:
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.
28. TIRUPATI GRAPHITE
KEY MANAGEMENT TEAM
28
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
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 Poddar
Head – Corporate & Business
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 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.
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.
PRE-IPO PRESENTATION | 2020
29. TIRUPATI GRAPHITE
FORWARD LOOKING STATEMENTS
29
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.
PRE-IPO PRESENTATION | 2020
