Total Graphite Plc · LSE:TGR
Total Graphite — Tirupati Graphite — Investor Presentation (April 2025)
27 slides from Total Graphite's investor presentation, April 2025
Slide 1: Turnaround Opportunity in the Graphite Sector
TIRUPATI GRAPHITE PLC Turnaround Opportunity in the Graphite Sector Investor Presentation April 2025 LSE: TGR
Slide 2: Disclaimer
DISCLAIMER The information contained in this 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 withou
Slide 3: Premium Ex-China Graphite Production for Industrial and EV Markets
Premium Ex-China Graphite Production for Industrial and EV Markets • Third largest ex-China producer by installed capacity • Two projects in Madagascar - a world leading production region • One project already in production and expansion phase • High quality large flake graphite from open mining • P
Slide 4: US tariff on Chinese graphite and EV demand drivers
US tariff of 25% on Chinese Basket price increases likely as Record US$2-trillion EV sales expected to natural graphite (starting in 2026) ex-China supply sources tighten investment in the reach 27M units by - allows US OEMs time to source driven by security of supply energy transition in 2026** ex-
Slide 5: Madagascar Projects
Madagascar Projects Vatomina - Producing 2012 JORC resource ca 30% explored: indicated 3.2m tonnes @4.3% GC; inferred 15.2m tonnes @4.7% GC; exploration target for additional 8-10m tonnes @3-4% GC Tamatave - Main Port of Madagascar Significant establishedPermit mining deposits Areas, 70-80 for low-c
Slide 6: Near Term Production Ramp Up
Near Term Production Ramp Up Feb 2025 End July 2025 End Dec 2025 600 MTs per month Vatomina 1000 MTs per month 1500 MTs per month capacity production targets + 2PCU in Q2 4 x PCU 2 x PCU 6
Slide 7: Mozambique Projects
Mozambique Projects Group 2012 JORC Resources ❖ Complements large flake Tonnes (mlnT) TGC (%) Cont. Graphite (Kt) ❖ Permitted for combined product basket in 158,000tpa Natural Flake Montepuez 119.6 8.1 9,670 Madagascar with mix of Graphite production 60-70% small flakes Balama Central 32.9 10.2 3,35
Slide 8: Fast-moving turnaround initiated by new team
Fast-moving turnaround initiated by new team • 375 tonnes produced in February; 388 tonnes produced in March; continued monthly highest production streak • Transfer and installation of 2 additional PCUs at Vatomina to complete in April • Current 12 month order book exceeds 5,780 tonnes, at a $940 /
Slide 9: Indicative Production Outlook & EBITDA Breakeven
Indicative Production Outlook & EBITDA Breakeven • Assumed current market price = $1,000+ / MT FOB, average across grades • Initial sales price until production stabilises ~$900/MT average • Cash operating breakeven from mid 2025 once working capital more stable • Margins of ~$350/MT pre tax (produc
Slide 10: Near Term Raise to Fund Production (& Liquidity Gap)
Near Term Raise to Fund Production (& Liquidity Gap) • For production ramp up, creditor settlements and working capital • £2.5 mln targeted in the form of CLNs with zero coupon, now with Share Capital Ordinary shares of £0.25 par amended 3.75p conversion price; 1-1 warrants at 3.75p value (mln) • 18
Slide 11: Sources & Use of Funds
Sources & Use of Funds • Indicative S&U for 1H 2025 target re-financing • Covers period to anticipated operating cash breakeven Sources (£ mln) Uses (£ mln) 2025 convertible loan notes, 2.3 Operating, start up & mine 1.3 £2.5m subscribed – deferred upgrade costs until cash equity (net proceeds) brea
Slide 12: Outlook for 2025
Outlook for 2025 Ongoing exploration drilling (updated CPR underway) across Madagascar projects to enhance resource Enhance Restart Production in Build Sales Financing LSE Listing Strategic Governance Madagascar Book 2025 Targets New NEDs & Improve operating & Sell into growing New 2025 CLN & equity
Slide 13: Why Tirupati Graphite and what next?
Why Tirupati Graphite and what next? • New Board and executive team in place and short-term funding secured • Turnaround well underway - anticipated Listing suspension lifting by end April 2025 • Production ramping up with cash flow breakeven expected mid year • Strong sales pipeline to underpin fut
Slide 14: Experienced Team Focused on Delivery
Experienced Team Focused on Delivery Mark Rollins, James Nieuwenhuys, Peter Thomas, Christian Dennis, Michael Lynch-Bell, Executive Chair CEO Interim CFO NED NED Mining development Governance/ financial Business development Financial/ operational Capital markets/ and production Fundraising 38-year c
Slide 15: Enquiries
Enquiries info@tirupati.co.uk +44 20 3984 9894 Investor Relations ir@tirupati.co.uk tirupati@fticonsulting.com Placing Agents corporatebroking@novumsecurities.com corporatefinance@optivasecurities.com +44 20 3137 1904 @TirupatiUK www.linkedin.com/company/tirupati-graphite/mycompany/ www.tirupatigrap
Slide 16: Appendices
APPENDICES 16
Slide 17: Financial Condition
Financial Condition Creditors: management accounting estimates, as at 31 January 2025, pro forma (£ mln) Trade Creditors • Noteholder agreement to extend and convert# 2019 - operational 1.51 notes - related party 0.66 2.2 • Currently seeking noteholder agreement to extend and amend 2022 Notes Other
Slide 18: Our Projects
IRUPATI GRAPHITE Our Projects
Slide 19: Madagascar Projects
Madagascar Projects Sahamamy Project 8km2 Resource Quality ▪ High quality, large flake, free dig mining saprolite deposit ▪ Madagascar recognised as a high quality source of graphite for over 100 years Vatomina Project 25km2 Permits & Clearances ▪ 40 year renewable Mining Permit covers 33 km2 ▪ Envi
Slide 20: Madagascar: Operations & Infrastructure
Madagascar: Operations & Infrastructure ● Significant investment into plant, operations of $23m since 2017 ● Mining, processing, handling, warehousing, laboratories & quality control facilities established ● Mining fleet of >50 vehicles support operations ● Over 50km of roads cleared, constructed, &
Slide 21: Mozambique Projects
Mozambique Projects • High grade & high-quality resource for supply to anode/EV segments • Permitted for immediate 158ktpa capacity • Studies & plans acquired, & optimization possible • Large infrastructure investments completed - 100 persons base camp facilities - Road access to Port - Land clearan
Slide 22: Our Projects Provide Diversity Of Supply
Our Projects Provide Diversity Of Supply Complete product basket: Projects across jurisdictions with difference flake graphite produce baskets mean all flake graphite markets can be served, ready to expand in sync with projected market growth dynamics Assets in Madagascar and Mozambique Large & jumb
Slide 23: Graphite Sector & Technology
Graphite Sector & Technology 23
Slide 24: Technology Implementation
Technology Implementation Free-dig Reduces mining equipment mining with zero-blasting requirements & fuel consumption requirement Reduces ongoing energy Lean requirements considerably Processing Established plantations & participated in Madagascan Government plantation Plantations initiatives Develo
Slide 25: ESG Profile
ESG Profile CARBON EMISSIONS LEADING REPORTING REDUCTION & MITIGATION TRACEABILITY FRAMEWORKS • Natural flake graphite emissions • Sustainability reporting under GRI • Simple auditable chain of custody footprint lower than synthetic graphite standards & UN SDG with products shipped straight from (ov
Slide 26: Sector Needs New Stable Supply Sources
Sector Needs New Stable Supply Sources Source – Nicolo Campagnol, McKinsey, Februrary 2025, IEA : https://iea.blob.core.windows.net/assets/ee01701d-1d5c-4ba8-9df6-abeeac9de99a/GlobalCriticalMineralsOutlook2024.pdf 26
Slide 27: References
References GRAPHITE Bloomberg US EV Sales Hit Record of 1.3 Millionin 2024 Open Interest 25, 4:40 PM GMT+0000 US Quarterly EV Sales Reach New Heights A parade of lower-cost, longer-range models have drawn a growing crowd of buyers to battery-powered cars and trucks 2024 EV sales: 17.1. million = =»
Tirupati Graphite — Investor Presentation (April 2025) on 6ix