Graphjet Technology · OTC:GTIJF
Graphjet Technology — Energem — SPAC Merger (February 2023)
34 slides from Graphjet Technology's SPAC merger presentation, Feb 8, 2023
Slide 1: Investor Presentation February 2023
Investor Presentation February 2023
Slide 2: Disclaimer
GS GRAPHJE CHNOLOGY Disclaimer This investor presentation (together with oral statements made in connection herewith, this “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination (the “Proposed B
Slide 3: Disclaimer: Additional Information
fa Disclaimer 4 GRAPHJET TECHNOLOGY Additional Information Energem submitted with the SEC a proxy statement / prospectus on Form S-4 relating to the Proposed Business Combination, which will be mailed to Energem’s shareholders once definitive. This Presentation does not contain all the information t
Slide 4: The World's First Agricultural Waste Graphite/Graphene Producer
TF GRAPHJET HNOLOGY The World’s First Agricultural Waste Graphite/Graphene Producer Transforming an abundant and renewable waste product, palm kernel shells, into the highest quality artificial graphite and graphene materials critical to EV batteries, semiconductors, medical technology, etc. Proprie
Slide 5: Transaction Summary
. 6 Transaction Summary GRA REGEY TECHNOLOGY Offering Size * Energem Corp. (NASDAQ:ENCP), a publicly listed SPAC with approximately $19 M of cash held in trust. * Energem Corp entered into a business combination agreement with Graphjet on August 1, 2022. * Seeking a commitment via PIPE Valuation * P
Slide 6: Team Overview
Team Overview G GRAPHJET TECHNOLOGY Our team is dedicated to clean and sustainable manufacturing of graphene and graphite materials using renewable waste products. Lim Hooi Beng Aw Jeen Rong Chairman Executive Director * Major shareholder and founder of Graphjet + Mr. Aw was appointed by a public li
Slide 7: Investment Highlights
Investment Highlights + Growing global market for graphite and graphene necessary for critical applications in EVs and technology + The global market for graphite was $17.5 billion in 2022, reaching a projected $25.0 billion in 2027 (CAGR of 7.3%) + Agricultural waste feedstock reduces carbon footpr
Slide 8: Graphite & Graphene Overview
G Graphite & Graphene Overview < GRAPHJET TECHNOLOGY * Graphite is used in steel manufacturing and electronics such as smartphones. * Graphite, a strong heat and energy conductor, is used in electrical devices such as electrodes, batteries, and solar panels * Graphite ranks above even lithium as the
Slide 9: Graphene Properties
fr Graphene Properties 4 GRAPHJET TECHNOLOGY The King of New Materials in the 21st Century High Electric High Thermal High Strength Conductivity Conductivity (Hardness) 100 times better than silicon 10 times better than metals such as Exceeds that of diamond, and the fracture crystal or Nano-carbon
Slide 10: Graphene Applications
Graphene Applications Graphene is integral in the manufacturing of the high-technology products of the future. Lithium Battery DNA Sequencing High Frequency Transistor Aerospace Molecular Detection & Imagery Dissipation G 10
Slide 11: Graphjet Proprietary Production & Manufacturing
G Graphjet Proprietary Production & Manufacturing < GRAPHJET TECHNOLOGY Graphjet expects to open its first manufacturing plant in the Kuantan district of Pahang State with an annual hea output of 10,000 tons of graphite and 60 tons of graphene by processing 30,000 tons of dried palm kernel waste. “—
Slide 12: Graphjet Palm Kernel Shell Graphene
6 GRAPHJET TECHNOLOGY Graphjet Palm Kernel Shell Graphene * Graphjet produces its own graphite, Palm Kernel Based Graphene Production Flow Chart used as raw material to make graphene * Patented Technology enables Graphjet to produce graphene cost-effectively and market it at about 80% less than curr
Slide 13: A Globally Responsible Feedstock
G ._ TECHNOLOGY A Globally Responsible Feedstock a Malaysia is the second largest palm kernel shell supplier in the world. Global Palm Oil Production 100 The top five (5) palm oil production by country is anticipated as follows: 80 Nigeria 4 = 60 Colombia = i § 40 S Thailand 3 3 ° e “ 2 ° s ~ os © 1
Slide 14: The Potential Amount of Palm Graphite in Malaysia
f—~ The Potential Amount of Palm Graphite in Malaysia i TECHNO 30,000 Tons 10,000 Tons 60 Tons Dried palm kernel shells Palm Based Graphite Palm Based Graphene (after removal of waste moisture) =i and At current levels of palm oil production, Malaysia will annually generate enough palm kernel shells
Slide 15: Lower Cost Graphite Feedstock
fr Lower Cost Graphite Feedstock ~~ GRAPHJET ECHNOLOGY Graphjet method of production for graphite is the most cost effective and ready to produce at scale. Graphite Source Mineral (Commodity) Palm Kernel Shell Graphite Artificial Coal / Petroleum Based Resource Type Natural resources (limited Artifi
Slide 16: Higher Purity, Lower Cost Graphene
fr Higher Purity, Lower Cost Graphene 4 GRAPHJET ECHNOLOGY Graphjet easily sources our own raw material therefore we are able to produce at significantly lower cost and at higher quality compared to existing market suppliers. Graphene Source Mineral Palm Kernel Shell Graphene Single Layer Ratio 95-9
Slide 17: Reduced Carbon Footprint
Reduced Carbon Footprint 6 GRAPHJET TECHNOLOGY Graphjet’s proprietary palm kernel shell graphite production reduced carbon emissions by up to 83% over competitors Producing 1 kg of graphite generates the following carbon emissions: Natural Graphite Canada 9.2 kg CO2 eq. Natural Graphite China 16.8 k
Slide 18: Global Market Value of Graphite
Global Market Value of Graphite * The global graphite market is anticipated to grow at an 8.5% CAGR from 2021 to 2031, to USD $50 billion * Graphite is a vital cathode material used in EV batteries required to support the growth of EV manufacturing * Overall, the market is slated to expand 2.3X over
Slide 19: Massive Global EV Market
fa Massive Global EV Market Market id GRAPHJET ECHNOLOGY * The dynamic EV market is the forefront of carbon reduction and clean energy initiatives * Automakers sold 6.6 million plug-in electric cars in 2021, more than double the 3.0 million sold in 2020. * The global EV market is forecasted to grow
Slide 20: Global Market Value of Graphene
Global Market Value of Graphene Global Graphite Market Size Global Graphene Market Size Global graphite market size and forecast, 2017-2026 Global graphene market size and forecast, 2017-2026F watt USO mat Hi Natural graphite Wi synthetic graphite eee am 2.9325 an itil 207 2018 2019 2020 zat 2020 20
Slide 21: Global Graphite Sourcing Comparison
thn Global Graphite Sourcing Comparison h- GRAPHJET TECHNOLOGY Graphjet " i Fangda Carbon 7 Talga Resources Versarien Saint Jean e Baotailong New Rea oan Ltd PLC Carboninc New arr Co. Materials Co Ltd Headquarters Malaysia Australia UK Canada China China Year of Establishment 2019 2009 2010 1997 196
Slide 22: Sample Customers and Letters of Intent
SG Sample Customers and Letters of Intent < SU Sample Letters of Intent Supporting Sales Projections 2023-2027 Letter of Intent AG Power Solutions Co. Toyoda Trike Inc. Ann Joo Steels Berhad Chemrex Corporation Sdn Counterparty Ltd Bhd Graphite 50,000 tons 100,000 tons TBD TBD Graphene 5 tons 30 ton
Slide 23: Signed Offer Letter with Government for Factory Production Facility in Malaysia
SG GRAPHJET TECHNOLOGY Signed Offer Letter with Government for Factory Production Facility in Malaysia * The new 20-acre plant integrated upstream and downstream plant expected to be completed within 18 to 20 months from the closing of the business combination * Expected to generate up to 700 jobs o
Slide 24: Reducing Reliance on China
Reducing Reliance on China China is the largest producer of graphite and graphene, primarily using high pollution approaches The European Union and the United States have identified reliance on China for critical raw materials as a key security threat * Identified graphite and graphene critical to b
Slide 25: EU: Green Deal Industrial Plan
EU: Green Deal Industrial Plan With the Green Deal Industrial Plan, the Commission will promote the creation of a more supportive European | environment for deploying the clean tech manufacturing capacity required to meet Europe’s ambitious Commission green targets — including to make Europe the fir
Slide 26: US: Inflation Reduction Act
SG US: Inflation Reduction Act i TECHNOLOGY Aa The US Inflation Reduction Act incentivizes green energy and electric vehicles with sizeable tax credits, but only if the raw materials are sourced from or processed in a US trade friendly country. a wy ae Bloomberg US Edition » 16 August 2022, 13:59 GM
Slide 27: Consortium of Global Leading Companies
Consortium of Global Leading Companies Focused on Innovation and Sustainability * Dynamic, high-growth companies championing new business models, emerging technologies, and sustainable growth strategies ¢ Emphasizing energy transition and carbon emission reduction technologies * Connects emerging te
Slide 28: MIT Industrial Liaison Program
MIT Industrial Liaison Program Graphjet is the first Malaysian company to join the MIT ILP program * Program founded in 1948 * Graphjet joined more than 240 MIT ILP member companies, including Boeing, Apple, BMW, Hyundai, Mitsubishi, Nissan and Samsung * The ILP directly connects global leading memb
Slide 29: Winner at International Innovation Awards
fr Winner at International Innovation Awards =, Recognized among global companies as SERVICE_& SOLUTION s Outstanding Innovation Leader * Recognized for innovation in using palm kernel shell waste product to create graphite and graphene GRAPHJET TECHNOLOGY'S STATE-OF=-THESART * 1 of 39 global compan
Slide 30: Forecast Revenue Phase - First Factory
Forecast Revenue Phase 1 - First Factory Production for FY Contracted & FY Owned Facilities * 10,000 tons graphite * 60 tons graphene Profit After Tax * FY Contracted: (51.3%) USD $443,436,781 * FY Owned: (61.8%) USD $533,631,483 Graphite sales price/ton: USD $4,546 Graphene sales price/ton: USD $13
Slide 31: Transaction Detail
Transaction Detail Sources SPAC Cash in Trust(1) $19,361,000 PIPE(2) 0) Seller Rollover Equity (3) $1,380,000,000 Total Sources $1,399,361,000 Pro Forma Post-Closing PF Shares Outstanding ~150,402,028 Equity Value $1,504,020,280 Debt $0 Cash $15,336,000 Enterprise Value $1,488,684,280 Note: (1) the
Slide 32: Valuation Benchmark
fa Valuation Benchmark 4 GRAPHJET TECHNOLOGY Enterprise Value / Sales es 2023E : I =e — 2024E 1 i rs) I 4.63x 4.45x I ‘CRARROET I 3.52x 358 a7 aie I EV/Revenue (2023) I I 182k 1.77% ; 1.6x 1 a 1.12x 1.04x 0.98x 0.96x ( _ ! = o 1 pre-money valuation at $1,388 FRR ’ j_ rennin | nanoGpoe =O. Jecsseny S
Slide 33: Investment Highlights
fr Investment Highlights ae TECHNOLOGY * Uniquely Positioned - To be a leading producer of graphene and graphite materials with state-of-the-art technology for the manufacturing of graphene and graphite. ¢ Breakthrough Technology - Transforms an abundant and renewable waste product, palm kernel shel
Slide 34: Matt Kreps
Matt Kreps Darrow Associates Investor Relations +1 214 597-8200 mkreps@darrowir.com