First Graphene Ltd. — Investor Presentation 2021

Jun 7, 2021

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WHAT DO COMPOSITES, RUBBERS, ENERGY STORAGE AND CONCRETE ALL HAVE IN COMMON?

CORPORATE PRESENTATION

JUNE 2021

ASX:FGE - CORPORATE PRESENTATION

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‘The answer… Graphene’

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A growing number of established products and applications globally that are related to these markets, are being significantly enhanced by applying ‘graphene’ as a chemical additive.

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Market analysis

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What makes graphene compelling – current trends, facts and statistics:

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Rubbers and elastomers show major improvements in tensile strength, elongation, abrasion resistance and tear strength with the addition of graphene

Independent studies found graphene can make selected products up to 30% stronger and more resistant to wear

Graphene is the thinnest material ever isolated, despite this, it is up to 300 times stronger than steel and the most conductive material in the world

Add just 0.01% of graphene into concrete - responsible for around 8% of the world's CO2 emissions - reduces its carbon footprint by approximately 30%

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Global markets ‘industry eco-systems’

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MINING EVERYDAY ENERGY STORAGE
APPLICATIONS APPLICATIONS APPLICATIONS
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Graphene properties

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Our graphene has a unique chemical
fingerprint which makes it easy to use
and disperse in a multitude of
FLEXURAL THERMAL FIRE WEAR AND
solvents, polymer resins, elastomers
and water-based formulations STRENGTH CONDUCTIVITY RETARDANT DURABILITY
OUR
GRAPHENE
PROPERTIES
LIGHTWEIGHTING ELECTRICAL CORROSION WATER
CONDUCTIVITY RESISTANT REPELLENT
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About FGR

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WHO WE ARE

CORE MARKETS

• First Graphene (ASX:FGR) is an Australian technology and manufacturing company.

• World leading graphene manufacturer based in Henderson, Western Australia.

• Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

• New substance registration in United Kingdom

• (UK-REACH), Europe (EU-REACH) and Australia (AICIS) in place.

• Active membership of ISO standards committee for graphene registration.

• Rubbers and elastomers – automotive, industrial and leisure.

• Cement and concretes – recycled, precast panels, ready mix and grouts.

• Composites and plastics – plastic parts, carbon and glass fibre, including boats, surfboards and swimming pools.

• Coatings – thermal, antistatic and anti-corrosion.

• Energy storage – supercapacitors, battery anodes, petroleum feedstock derived green hydrogen.

• Market capitalization: AUD$133m

• Share price 50-day average: AUD$0.24

OUTLOOK

WHAT WE DO

• Producer of high performing PureGRAPH® products creating value in key markets.

• Quality leader in graphene materials – acknowledged by our customers.

• With the production process and capacity “banked”, strongly focused on the commercialisation of PureGRAPH® and driving sales demand.

• Invest into new applications for emerging PureGRAPH® markets.

• Robust 100 tonne/year modular manufacturing facility - built and operational today.

• Developed IP to mass produce commercial scale graphene for multiple products and industries.

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FGR – World Leading Supply Capabilities

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VEIN ELECTROCHEMICAL INDUSTRIAL QUALITY GRAPHITE RM’s EXFOLIATION FINISHING ASSURANCE

• Captive – ensures reliability

• No processing at mine

• In-house stock

• Low metals

• Large graphene plates

• High Yield

• Single Step

• Unique to FGR

• Scalable/Low Cost

• Low waste

• •

• Well established 6-sigma approach

• • • Controlled Quality Industry leading

• • Finishing Options measurement techniques

• Scalable/Low Cost

• ISO/TC229 aligned

• At-line testing

• Low Waste

• C of A for each batch

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About PureGRAPH[®]

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• Highest performing graphene additive available at tonnage quantities

• PureGRAPH[®] powders contain pristine, high aspect ratio platelets with typical thickness of 5-10 carbon atoms

• Lateral sizes are carefully controlled in the PureGRAPH[®] range at 5µm, 10µm, 20µm and 50µm ensuring consistent and repeatable performance

• Easily dispersed, delivering multiple benefits across a range of materials

• PureGRAPH[® ] AQUA products allow easier dispersion into water and solvent-based formulations, beneficial for specific applications including coatings, cement and rubbers

• Continued product development to make tailored PureGRAPH[®] platelet sizes and functionalised platelets – to aid formulation and extend applications.

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PureGRAPH[® ] 5 Scanning Electron Microscopy (scale bar = 20μm): This analysis of dried product powder shows aggregated powders of high aspect ratio graphene platelets. These particles disperse readily in solvent and polymer media.

PureGRAPH[®] 5 Transmission Electron Microscopy image of platelet edges, showing 8 layers thickness. An average of 6 layers was reported - Courtesy of University of Adelaide.

PureGRAPH[®] 5 Malvern Mastersizer analysis showing Dv(50) = 5μm and Dv(90) = 11μm i.e no large particle tail is present. Laser light scattering is used as a powder size quality control tool. PureGRAPH[®] products have very reproducible Dv(50) and Dv(90).

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Commercialisation process

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Unrivalled production and scalable capacity

• Modular and scalable production process

• 100 tonnes per annum

• Low capital cost and short lead times to increase capacity

Positive cashflow

• Operational performance with cost base of 20 tonnes

Production efficiency

• Breakeven point at ~6 tonnes per annum

Existing agreements

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• planarTECH – Graphene coated textiles and wearables

• Aquatic Leisure Technologies – Aqua Technics pools

• Steel Blue – work boots and safety footwear

• newGen Group – mining wear liners and abrasion resistant surface treatments

Global sales outlook and strategic appointments

• Recruitment of key Commercial Leads for material segments - Composites & Plastics, Rubbers & Elastomers, Cement & Concrete, Coatings and Energy Storage.

• Global reach through direct, distributor, reseller and structured channels.

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Executives and Board of Directors

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Michael Bell Chief Executive Officer

Paul Ladislaus Senior Process Engineer

Aditya Asthana Chief Financial Officer

Warwick Grigor Non-Executive Chairman

Michael Quinert Non-Executive Director

Dr Andy Goodwin Non-Executive Director

• Founding partner of Quinert Rodda Lawyers

• International sales, • Chartered Chemical • More than 15 years • Respected and Founding partner of • Ph.D. scientist with engineering and Engineer with 20 experience in finance experience mining Quinert Rodda extensive leadership business leadership years’ chemicals and business across analyst Lawyers experience in expertise across a experience in Australia and Asia innovation and new diverse range of operational, design, • Graduate of the • Focus on capital business growth with industries project management • Significant expertise Australian National raising and listing specialty chemicals and R&D roles in risk management, University, with rule compliance industry

• • 20 years’ experience in transformation and degrees in law and high growth across • Extensive particle business turnarounds economics • Over 20 years • 35 years in pharma & both SME and Corp. manufacturing with Orica Ltd and its experience with ASXspecialty chemicals environments - former expertise with international • Former Chairman of listed companies in with Sanofi, Dow Senior Vice President Huntsman and subsidiaries Cannacord Genuity the capacity as legal Corning Corporation of ST Engineering Thomas Swan. Australia Ltd. counsel and director, and Thomas Swan. Group Singapore • Held a number of CFO in the mining and • Master’s Degree in and Director roles in technology sectors • Business leadership

• • Bachelor of Science - Chemical Australia, Singapore in carbon Physics, Management Engineering from the and Indonesia. • Non-Executive nanomaterials since Science University of University of Chairman of West 2012. Canterbury. Cambridge. Wits Mining Ltd.

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Commercial sales team

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Neil Armstrong Commercial Manager – Composites & Plastics

• Chemical engineer with 10 years commercial experience

• Significant role in developing FGR’s production facility and facilitating early adopters of PureGRAPH®

• Previously held roles with Wear Systems Solutions

Todd McGurgan Commercial Manager – Cement & Concrete

• More than 25 years experience in the global cement industry

• Former leadership position at Holcim Australian & NZ

• Previous roles include BASF, Cement Australia, Sunstate Cement and Readymix

Matt Curthoys

Commercial Manager – Marine Composites & Windfarms

• More than 25 years experience in the Marine industry

• Chartered Naval Architect in Europe and Asia

• Expertise designing, engineering and producing composite structures for America’s Cup and other boats

Recruiting

Commercial Manager – Rubbers & Elastomers

• TBC

Recruiting

Commercial Manager – Energy Storage

• TBC

Recruiting

Commercial Manager – Coatings

• TBC

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Financials

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Share price (12 MAY 2021) A$0.24
Issued shares – fully paid 535m
Listed options (25c) August 2021 101m
Unlisted options – (18c) – expiry February 2022 2.0m
Unlisted options (25c) – expiry November 2023 15.0m
12-month price range (A$) 0.06c – 0.33c $0.33
8 JAN 2021
Market capitalisation ~A$128
$0.24
0.35 Cash – June 2021 A$7.0m 12 MAY 2021
0.30
0.25
0.20
0.15
0.10 One year share chart – Source ASX and Westpac
AUG 2020 OCT 2020 DEC 2020 FEB 2021 APR 2021
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Progress and recent FGR accomplishments

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Commercial relationship extended with MoU with Gerdau S.A. to open up Brazilian
planarTECH 26 FEBRUARY 2021 markets to PureGRAPH 9 MARCH 2021
Product discovery – mining bucket PureGRAPH product line
wear liner trial results point to a 6x to include water dispersed
improvement in lifespan 4 MARCH 2021 10 MARCH 2021
2021
Research shows Patented process converts PureGRAPH 50 added
PureGRAPH benefits petroleum feedstock to to product line
in thermoplastics graphite, graphene and 19 APRIL 2021
05 MAY 2021 green hydrogen
20 APRIL 2021
Graphene catalysts for low- Institutional placement Strategic appointments
cost hydrogen fuel cells to underwrite growth made to the newly created
11 MAY 2021 strategy 27 MAY 2021 commercial sales team
v
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Sales and growth strategy

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1. Global markets

Clear sales focus on immediate sectors include:

• Composites & Plastics

• Rubbers & Elastomers

• •

• Cement & concretes Coatings

• Energy storage

2. New & innovative solutions

• Discovered new hydrodynamic cavitation process to convert petroleum feedstock into high-grade graphite and graphene.

• Applicable in lithium-ion battery anodes for electricity storage devices, also produces ‘green' hydrogen’ - appealing to oil producers looking to enter the green energy market.

• Successful tonnage sales in polymer strengthening and wear resistance.

• Qualifying trials with composites and concrete.

• Progress in novel supercapacitor and battery materials.

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GROWTH
RUBBERS & ELASTOMERS CEMENT & CONCRETE COMPOSITES & PLASTICS COATINGS ENERGY STOFRAGE
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Investment highlights

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COMMERCIAL GRADE PRODUCTION SCALE

EXPANDING GLOBAL SALES CAPABILITY

COMMITTED TO RESEARCH AND PRODUCT DISCOVERIES

FGR is the world’s largest producer of commercial grade graphene – PureGRAPH® is a commercial grade, high volume and high quality/repeatable specifications adaptable to many products and industries

We’re on an aggressive sales campaign to secure global market share – given the capability of our production facility we’re ready to diversify our client base and grow

Ongoing research of new applications for driving greater demand of graphene led products and technologies – Green Hydrogen and process to convert petroleum feedstock (crude oil) into graphite/graphene materials

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Forward Looking Statements & Disclaimer

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• This presentation has been prepared by First Graphene Limited (ACN 007 870 760) (“Issuer”) for the sole purpose of providing an overview of its current prospects and proposed development strategy to recipients (“Recipient”). This presentation and its contents are provided to the Recipient in confidence and may not be reproduced or disclosed in whole or in part to any other person, without the written consent of the Issuer.

• The presentation is based on information available to the Issuer as at the date of the presentation. The information contained in this presentation has not been verified by the Issuer nor has the Issuer conducted any due diligence in relation to that information. The presentation contains selected information and does not purport to be all inclusive or to contain all information that may be relevant to the Recipient. The Recipient acknowledges that circumstances may change and this presentation may become outdated as a result. The Issuer accepts no obligation to update or correct this presentation.

• This document includes forward-looking statements. When used in this document, the words such as "could," “plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Issuer believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

• • No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Issuer, its directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of the Issuer or its directors, employees or agents. Nothing in this Presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. The Issuer does not make any representation or warranty as to the accuracy of such statements or assumptions.

• The information in this presentation does not take into account the investment objectives, financial situation and particular needs of any Recipient. The Recipient should not make an investment decision on the basis of this presentation alone and the Recipient should conduct its own independent investigation and assessment of the content of this presentation. Nothing in this presentation constitutes financial product, investment, legal, tax or other advice. Nothing in this presentation should be construed as a solicitation to buy or sell any security or to engage or refrain from engaging in any dealing in any security.

• Photographs, maps, charts, diagrams and schematic drawings appearing in this presentation are owned by and have been prepared by or commissioned by the Issuer, unless otherwise stated. Maps and diagrams used in the presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available at the date of this presentation. By accepting this presentation the Recipient agrees to be bound by the foregoing statements.

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Corporate Headquarters & Manufacturing Plant

• 1 Sepia Close, Henderson Western Australia 6166

P. +61 1300 660 448

Global R&D & Marketing Facility

Graphene Engineering & Innovation Centre University of Manchester Sackville Street, Manchester M13 9PL, United Kingdom

P. +44 (0)161 826 2350

FIRSTGRAPHENE.NET

info@firstgraphene.net

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