Versarien PLC · OTC:VRSRF
Versarien — Shareholder Meeting (March 2023)
35 slides from Versarien's shareholder meeting presentation, Mar 29, 2023
Slide 1: Versarien Plc AGM 2023
Confidential: Versarien Proprietary Versarien Plc AGM 2023 Chris Leigh (Chief Financial Officer) Dr Stephen Hodge (Chief Technology Officer) Email: info@versarien.com 29th March 2023 AIM: VRS www.versarien.com
Slide 2: Overview
Overview 01 Chris Leigh - Future Direction and Funding 02 Stephen Hodge - Construction, Textiles & Research Highlights
Slide 3: Future Direction
Direction Pe %. ‘| re
Slide 4: Introduction
Introduction 01 Cost base and options 02 Funding 03 Focus on Construction and Textiles 04 Introduction and working with David Stone
Slide 5: Cost base
Cost base • Historic burn rate has been ~ £400,000 per month • Redundancies and other cost cutting measures have been made providing costs savings which are now coming into effect • Future burn rate needs further reducing to match availability of funding
Slide 6: Options
Options • Divest two mature businesses - Total Carbide and AAC Cyroma • Review overseas operations in Spain and South Korea • Concentrate on construction and textiles sectors – return to other sectors when profitable • Retain core know-how and IP • Minimise PLC overheads
Slide 7: Historic funding
Historic funding • Development contract £1.9m (2020-2022) – 5% • Grants £1.6m (2014-2022) – 5% • Innovate UK loan £5.0m (2020-2022) – 14% • Strategic investment £1.9m (2021) – 5% • Institutional/PrimaryBid equity £16.2m (2013-2018) – 47% • Non-institutional equity £2.2m (2022-2023) – 6% • Lanstead e
Slide 8: Future funding
Future funding • Grants – significant grants applied for • Debt – not available as security given to Innovate UK and Santander • Asset disposals • Equity – dependent on placing authority ○ Strategic investment ○ Too small or early stage for majority of institutional investors ○ Non-institutional equi
Slide 9: Focus on Construction and Textiles
Focus on Construction and Textiles • Highest technology readiness level, significant market opportunities • Already starting to see the emergence of commercial revenues • Construction - total value graphene opportunity per annum estimated to be £888m by 2028 ○ In-house testing taking place with large
Slide 10: David Stone role
David Stone role Phase One: Stabilisation • Work up a 100 day plan that includes: ○ Focus of cost cutting ○ Pause all non-core activities that will not impact longer term development. ○ Review which areas of the Company (Group) can achieve breakeven, positive EBITDA quickly. ○ Continue with the sale
Slide 11: David Stone role
David Stone role Phase Two: Strategic Plan • Review and redefine the approach the Company (Group) takes with: ○ Commercial opportunities / Joint Ventures ○ How to transition from R & D to commercial ○ What resource is needed for R & D and pre-commercial development ○ How to exit elements of Company /
Slide 12: Conclusion
Conclusion “We will continue to seek grant funding to support our operations but will also need the support of investors either strategic or in capital markets to fund the business until such time as the graphene market gains traction and material commercial revenues flow.” 2022 Annual Report
Slide 13: Construction, Textiles & Research Highlights
Construction, Textiles & Research Highlights
Slide 14: Construction
Versarien . mx = * aM _ Construction a
Slide 15: Cementene™
TM Cementene™ ● Demonstrated improvements to a number of mix designs when utilising CementeneTM (water-based admixture containing graphene) ● A number of case studies have been generated ● Process underway with British Board of Agrement (BBA) to ensure compliance with the requirements of BS EN 934-2
Slide 16: 3D Concrete Printing (3DCP)
3D Concrete Printing (3DCP)
Slide 17: 3D concrete printing
3D concrete printing We are currently working with a number of sectors including: ● Highways ● Water ● Marine ● Retail ● Education
Slide 18: 3DCP headwall
3DCP headwall Headwalls are a type of retaining wall that is commonly found near streams, ponds, or similar waterways Used to provide support for bridges and roadways by anchoring the piping to prevent movement due to hydraulic and soil pressures and prevent soil erosion Conventional pre-cast headwa
Slide 19: 3DCP headwall
3DCP headwall Versarien have built and delivered a 3D printed headwall to a highway site for installation by Costain and National Highways Although the design is not yet fully optimized, the 3d printed headwall has achieved: ● Significant reduction of steel rebar ○ Able to incorporate some rebar duri
Slide 20: Textiles
GRAPHENE - WEAR”
Slide 21: Graphene-Wear™
graphene-wear.com Graphene-Wear™ ● Transfer of printing from GEIC to industrial rotary screen print presses, ~2 m wide, printing at >20 m/min ● We now work with global supply chain partners supplying them with Graphene-WearTM printed fabrics, or in some cases the Graphene-WearTM formulations ● Comme
Slide 22: graphene-wear.com
Versarien graphene-wear:com GOTO GYM © GRAPHENE - WEAR"
Slide 23: Spring/Summer 2023
graphene-wear.com Spring/Summer 2023
Slide 24: Tensile strength +50% Modulus +30% Elongation +20%
fluxfootwear.com versarienproducts.co.uk/shop graphene-wear.com Tensile strength +50% Modulus +30% Elongation +20% Tear Strength +23% Compared to non-graphene reference compound ● US stocks have almost sold out ● More shoes currently in manufacture ● Royalty agreement in place for US sales ● Addition
Slide 25: Research
Research
Slide 26: UK R&D team
UK R&D team Graphene Engineering Innovation Centre Senior Application Scientist - Textiles, Application Scientist - Thermoset and Application Scientist - Composites Composites & Coatings Elastomer Composites 6 PhD level scientists Dr Mayank Gautam Dr Suhao Li Dr Pei Yang across GEIC (Manchester), NI
Slide 27: Research projects
Research projects Graphene Flagship (G-ICE Project): Developing aircraft ice protection systems (IPS) incorporating a graphene heater mat (GHM) Horizon Europe (iCARE Project): Neuro nanotoxicity - Versarien will supply graphene in two key case studies: 1. Graphene in cementitious composites 2. Graph
Slide 28: Digital Future Roads
Digital Future Roads The initiative involves more than 50 researchers at Cambridge, working collaboratively with industry across 5 themes: https://drf.eng.cam.ac.uk/
Slide 29: Roads Research Alliance
Roads Research Alliance A new research alliance has been launched to lead a £14.5 million programme which will help shape the development of innovation in the highways industry over the next five years National Highways and some 20 companies from its supply chain have joined forces in the Roads Resea
Slide 30: Roads Research Alliance
Roads Research Alliance A new research alliance has been launched to lead a £14.5 million programme which will help shape the development of innovation in the highways industry over the next five years National Highways and some 20 companies from its supply chain have joined forces in the Roads Resea
Slide 31: Middle East Opportunities
a_ailS d_dola Khalifa University
Slide 32: RIC-2D @ Khalifa University
RIC-2D @ Khalifa University The RIC-2D Research and Innovation Fund (~$20 m funding) is The Research & Innovation Center for Graphene and 2D Materials (RIC-2D) designed to foster research, hosted by Khalifa University of Science and Technology is part of a strategic investment by the Government of A
Slide 33: Summary
Versarien
Slide 34: Summary
16 InnovateUK projects completed Summary Largest ever UK Innovate loan £5m to scale up (GSCALE) Pioneer in the supply of graphene Focus on commercialising in Construction and in the UK with embedded connections with Textiles Universities of Manchester and Cambridge IP secured with over 130 patents g
Slide 35: Versarien Plc AGM 2023
Confidential: Versarien Proprietary Versarien Plc AGM 2023 Chris Leigh (Chief Financial Officer) Dr Stephen Hodge (Chief Technology Officer) Email: info@versarien.com 29th March 2023 AIM: VRS www.versarien.com