Evion Group Nl · ASX:EVG
Evion Group Nl — Investor Presentation (February 2026)
30 slides from Evion Group Nl's investor presentation, Feb 4, 2026
Slide 1: Building our vertically integrated mine and downstream production graphite business
For personal use only Building our vertically integrated mine and downstream production graphite business Corporate Presentation February 2026 1 Energising the Future
Slide 2: Disclaimer
Disclaimer Forward Looking Statement Competent Person’s Statement Certain statements contained in this presentation, including information as to the future financial or operating Mineral Resource – Razafy and Razafy NorthWest performance of Evion Group NL (‘‘the Company’) and its projects, are forwa
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price Cash $A0.031 $A2.28M circa For personal use only As of 20 January 2026 As of 31 December 2025 52 week high $0.045, low $0.015 Placement EU Market capitalisation DEMAND US DEMAND ASIA DEMAND $2.3M ~$A18M INDIA ASX Release dated 24 October 2025: Evion Completes Placement
Slide 4: Evion Group – EU Recognised Strategic Supplier
E vion Group – EU Recognised Strategic Supplier Evion’s Vertically Integrated Business: From Mine to Existing Midstream and Downstream Operations For personal use only ✓ Maniry is supported by the EU Commission UPSTREAM ✓ World class Graphite to supply the World ✓ Low cost and capex with 50% large f
Slide 5: Our Business
Our Business 01 Evion’s mid-stream 03 Battery Anode Material For personal use only operations is generating Project could capture more revenue. Production of margin per tonne. Scoping Study expandable graphite since March completed for German plant to process 2025 at our 50:50 JV in India is Maniry
Slide 6: Evion's Growth and Development Strategy
Evion's Growth and Development Strategy US MARKET For personal use only • The US has committed to buy non-China sourced Graphite in the future • Evion currently supplies Expandable Graphite to the US • Offtake partner discussions ongoing EU MARKET • Maniry is recognised as an EU Strategic Project an
Slide 7: Upcoming value drivers in 2026
Upcoming value drivers in 2026 For personal use only 01 India JV Maniry Project Financing and Offtake Investment BAM Project expansion approvals permitting agreements Decision development Strong sales Achieve key Finalise project Finalise long-term Progress toward Advance pipeline with milestones fo
Slide 8: Maniry Graphite Project
Maniry Graphite For personal use only Project “Evion holds 100% ownership of one of the highest-grade graphite resources globally” High-grade flake graphite project in mining friendly Madagascar. 8 Energising the Future
Slide 9: Evion's Definitive Feasibility Study confirms
Evion’s Definitive Feasibility Study confirms For personal use only 01 Significant Graphite Resource: The Maniry Mine contains a global-scale graphite resource, with the potential to yield over 1.2 million tonnes of concentrate over its mine life. 02 Strong Financials: DFS confirms OPEX below 46% of
Slide 10: Madagascar is the largest producer and exporter of graphite outside China
Madagascar is the largest producer and exporter of graphite in the world outside of China For personal use only The RN10 highway, which passes by the town closest to Maniry, is being rehabilitated under a US$400m World Ban initiative Expected completion is 2028. Maniry Graphite Mine is near other ma
Slide 11: The Maniry Graphite Project
The Maniry Graphite Project For personal use only 1111 Energisingthe Energising theFuture Future
Slide 12: Pathway to production in Madagascar
Pathway to production in Madagascar For personal use only Mine development and begin production Offtake partners in progress. Our large flake material to feed Permitting and Agreements are Expandable licence approval in well advanced with Graphite plant and progress with key buyers in the EU / Europ
Slide 13: We are committed to supporting Madagascar and our host communities
We are committed to supporting Madagascar and our host communities For personal use only Economic growth: US$5.5m initial community investment, US$40m pledged over life of mine, and US$80m initial CAPEX for Maniry development. Major jobs growth: Construction will employ over 300 locals plus contract
Slide 14: Funding the development of Maniry
Funding the development of Maniry For personal use only The Maniry DFS presents a very robust and strong Total Funding for business case for the Development Development of the Maniry European/ USA of Maniry Graphite project. loan and Offtake Repayment Program CIRCA US$79M Equity Markets/ Fund Invest
Slide 15: Panthera Graphite Technologies
Panthera Graphite For personal use only Technologies “Evion is the only ASX-listed Australian company producing expandable graphite.” Brand new, state-of-the art, purpose-built processing facility near Pune, India. 15 Energising the Future
Slide 16: Proven Commercial Traction In Europe and USA Market
Proven Commercial Traction In Europe and USA Market For personal use only A$2.35 million in Sales YTD Sales Growth 520mt sold since commencement of Production this year Supply Security Reliable non-Chinese critical mineral source Supply chains and buyers established New Partnerships Ongoing negotiat
Slide 17: Global Production Scalability
Global Production Scalability Targeting 10,000 tonnes per annum with established global operations. For personal use only Production: 10,000 tpa Expansion into Global Production: markets with 4,000 – assessment 4,500 tpa in progress Production: Expansion of 2,000 – Operations in 2,500 tpa India Reve
Slide 18: Extensive applications and benefits for expandable graphite
Extensive applications and benefits for expandable graphite For personal use only Stealth & Conductive Radar Absorption Coatings (RAM) Radar signature suppression Graphite-based composites and icephobic surfaces for to reduce radar cross- advanced protection. section and enhance stealth. Infrared Sh
Slide 19: Extensive applications and benefits for expandable graphite
Extensive applications and benefits for expandable graphite For personal use only Anti-corrosion Aircraft & Ships Enhanced durability for Fireproof and icephobic critical infrastructure. high-resistance coatings. Body Armour Rockets High-strength, ultra- Hypersonic nozzle lightweight protection. pro
Slide 20: Battery Anode Material Project (BAM)
Battery Anode Material For personal use only Project (BAM) Uncoated spheronised purified graphite (SPG) for use in lithium-ion batteries. 20 Energising the Future
Slide 21: Scoping study supports strong economics and technical viability
Scoping study supports strong economics and technical viability For personal use only Pre - Tax NPV8% Pre - Tax IRR % Initial CAPEX Total Pre - Tax Cashflow Payback 30,000 US$392M US$117M US$2,808M 3.51 years TPA Pre-Tax IRR 15,000 US$152M US$74M US$1,404M TPA 4.67 years 21 Energising the Future
Slide 22: Battery growth is driving the future of graphite
Battery growth is driving the future of graphite For personal use only Global demand for flake graphite is expected to rise by 239% by 2034, led by explosive growth in the battery sector. +239% An average EV battery contains 50 to 100kg of graphite. Battery applications will dominate usage, growing
Slide 23: Evion is a compelling investment opportunity
Evion is a compelling investment opportunity For personal use only CASHFLOW COMMITMENT CONFIDENCE Evion is generating revenue. Evion’s Maniry Graphite Evion is moving ahead with Production of expandable project has the backing of the confidence backed by strong graphite since March 2025 at Malagasy
Slide 24: An experienced Board, positioned to deliver the next phase of growth
An experienced Board, positioned to For personal use only deliver the next phase of Heather Zampatti David Round Warrick Hazeldine Craig Lennon growth for Non -Executive Chair Managing Director Extensive Mining, JV Non -Executive Director More than 20 years of Non -Executive Director Craig Lennon, f
Slide 25: Contact
For personal use only Contact David Round Managing Director Suite 3, Ground Floor, 28 Ord Street, West Perth, Australia 6005 info@eviongroup.com +61 8 6158 9916 eviongroup.com Graphite producer positioned for growth 25 Energising the Future
Slide 26: Appendix - Maniry Project Mineral Resource
Appendix 1 - Maniry Project Mineral Resource A breakdown of the Maniry Project Mineral Resource is as follows For personal use only AREA CLASSIFICATION TONNES TOTAL GRAPHITIC CONTAINED GRAPHITE CARBON (%TGC) (TONNES) Razafy* Indicated 13.6 6.5 890,000 *3% TGC cut-off grade Inferred 12.1 5.9 720,000
Slide 27: Appendix - Source data
Appendix 2 - Source data For personal use only MINERAL MINERAL MINERAL MINERAL MARKET STAGE OF COMPANY CODE PROJECT RESOURCES RESOURCES RESOURCES RESOURCES ORE RESERVES SOURCE DOCUMENT CAP. DEVELOPMENT (MEASURED) (INDICATED) (INFERRED) (TOTAL) NextSou TSX:NE ~CA$77. Molo Producer 23.622Mt 76.746Mt 4
Slide 28: Appendix – PGT JV Feasibility Study shows strong financial returns
Appendix 3 – PGT JV Feasibility Study shows strong financial returns For personal use only Published 21 July 2022 Project Life 25 NPV – IRR – After Total Total Gross Total Net Years After Tax Tax (real) EBITDA Revenue Cash Panthera US$77.7M N/A US$226M US$477.7M US$174.8M Graphite JV Evion Group US$
Slide 29: Appendix - Maniry: High-Grade Resource & Long-Term Upside
Appendix 4 - Maniry: Cautionary Statement: The Exploration Targets High - Grade Resource & reported herein are not JORC compliant Mineral Resources. The potential quantity and grade of the Exploration Long - Term Upside For personal use only Targets are conceptual in nature, there has been insuffici
Slide 30: Appendix – Maniry Exploration Target
Appendix 5 – Maniry Exploration Target For personal use only A description of the Drilling and Assay Data Trenching Refer ASX Announcement 14 datasets, assumptions and • Drilling was undertaken at four separate Prospects and was • Malagasy Minerals Limited completed a program of trenching at two Aug
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