First Graphene Ltd. — Investor Presentation 2021

Apr 13, 2021

ASX ANNOUNCEMENT

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14 April 2021

First Graphene Presentation at Emerging Growth Conference

First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to provide a copy of the presentation to be delivered by the Company’s Chairman, Warwick Grigor, during the webinar Emerging Growth Conference on 15 April, 2021 at 05:30 Sydney time.

The presentation is available on the Company’s website via the link below:

• • • https://firstgraphene.net/wp content/uploads/2021/04/20210412 Presentation V10_optimize.pdf

A link to the webinar recording will be posted to the Company’s website after the presentation

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ASX ANNOUNCEMENT

Investors

Michael Bell

Chief Executive Officer

First Graphene Limited michael.bell@firstgraphene.net + 61 1300 660 448

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Media

Luke Derbyshire Managing Director

Spoke Corporate luke@spokecorporate.com + 61 488 66 42 46

About First Graphene Ltd (ASX: FGR)

First Graphene Ltd is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage.

First Graphene Ltd is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company is incorporated in the UK as First Graphene (UK) Ltd and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

First Graphene Limited

ABN 50 007 870 760 1 Sepia Close Henderson WA 6166 T: +61 1300 660 448 E: info@firstgraphene.net W: firstgraphene.net

Directors: Warwick Grigor Peter Youd Dr Andy Goodwin Michael Quinert

Trading Symbol

Australia: FGR FGROC Frankfurt: FSE:M11 USA OTC: FGPHF

With authority of the board, this announcement has been authorised for release by Aditya Asthana, Chief Financial Officer and Company Secretary.

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Delivering the Graphene Revolution Driving Industrial Scale Adoption of Graphene

April 2021

WHAT IS GRAPHENE?

Delivering the Graphene Revolution

• Graphene is an allotrope of carbon consisting of a single layer of atoms arranged in a two dimensional honeycomb lattice.

• Discovered, isolated and characterised in 2004 by two Russian Physicists at the University of Manchester, and who subsequently won the Nobel Prize in Physics in 2010.

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GRAPHITE

GRAPHENE

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WHAT’S SO GREAT ABOUT GRAPHENE? Delivering the Graphene Revolution

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WHO IS FIRST GRAPHENE? Delivering the Graphene Revolution

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

• Producer of high performing PureGRAPH[®] products creating value in composites, elastomers, fire retardancy and construction materials.

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

• New substance registration European (REACH) in place and Australian (AICIS) in place. USA Active membership of ISO standards committee for graphene registration. EPA registration in progress.

• Publicly listed in Australia (ASX:FGR) with a primary manufacturing base in Henderson, near Perth, WA.

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

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CORE CAPABILITIES

Driving the Industrial Scale Adoption of Graphene

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Vein graphite RMs

• Captive – ensures reliability

• No processing at mine

• In-house stock

• Low metals

• Large graphene plates

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Electrochemical Exfoliation

Industrial Finishing

• High Yield

• Well established

• Single Step

• Controlled Quality

• Finishing Options

• • Scalable/Low Cost

• • Low Waste

• Unique to FGR

• Scalable/Low Cost

• • Low waste

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Quality Assurance

• 6-sigma approach

• • Industry leading measurement techniques

• • ISO/TC229 aligned

• • At-line testing

• • C of A for each batch

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INTRODUCING PureGRAPH[®] Delivering the Graphene Revolution

• PureGRAPH[®] is the highest performing graphene additive available at tonnage quantities.

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

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

• PureGRAPH[®] is high purity carbon with <0.3% total metals and <1 ppm silicon contaminants.

• The PureGRAPH[®] advantage is that it is easily dispersed, delivering multiple benefits across a broad range of materials, such as Rubbers, Composites, Plastics, Coatings, Cement etc.

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MAIN AREAS OF BUSINESS DEVELOPMENT Delivering the Graphene Revolution

• Continued Commercialisation of PureGRAPH ® Range of Graphene Products: Having achieved the milestones of commercial production capacity of high-quality graphene products, the overriding objective is to build the sales book through engagement with customers to educate them;

• On the benefits that graphene can offer their application, and to

• Design additive methodology to effectively use graphene in their product range

• Research and Development of Alternative Energy Applications: It is widely believed that the use of graphene will significantly improve the efficiency of a number of alternative energy applications such as solar power collection devices, advanced supercapacitor materials, alternatives to spheronised graphite in batteries and a new process for the manufacture of green hydrogen. First Graphene is actively developing these technologies in collaboration with leading universities

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COMMERCIALIZATION LANDSCAPE - EXISTING Sample of existing application development projects

Rubbers & Elastomers

• Automotive – bushes/suspension components, tyres.

• Mining – wear liners, screens, conveyor belts, rollers.

• Construction – rubber insulation.

• Leisure – shoe soles, composite toe caps, neoprene wetsuits.

Cement & Construction

• Precast – paving, panels, pipes, beams etc.

• Ready Mix – miscellaneous.

• Specialty Coatings and Grouts – high water resistance and strength applications.

• Environmental – reduction in cement usage to drive lower CO2 emissions.

Composites & Plastics

• Glass Reinforced Plastics – pools, tanks, boats, surf boards

• Thermal Control – phase shift thermal control trays

• General HDPE/LDPE Masterbatches for molded parts – stronger, lighter, conductive applications.

• Carbon Fibre – automotive wheels, panels

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COMMERCIALIZATION PROGRESS: Existing Agreements Progress towards breakeven point and positive cashflow from operations

Production Capacity Up to 10 tonnes

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3,000,000
2,500,000 C2
C1
Production Costs
2,000,000
PlanarTECH
1,500,000
Aqualtic Leisure
Technologies
1,000,000
500,000 Steel Blue
0
- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
Units Produced per annum (kilos)
Revenue - Signed Contracts Revenue - Upcoming Contracts
Total Cost/Revenue per annum
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• Breakeven point at ~6,000kg per annum, with cost base of 10 tonnes.

• Current customers contracted to 5,000 kg per annum, to maintain exclusivity.

• PlanarTECH: have taken 200kg during 2020, Looking to increase PPE production during 2021.

• Steel Blue: Launching March 2021.

• Aquatic Leisure Technologies: Launching March 2021.

• Multiple customer evaluations underway, with two significant customers close to qualification and contracting.

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COMPOSITES, PLASTICS & ADHESIVES What benefit does Graphene add?

• Increased strength (> 30%)

• Light-weighting (> 30%)

• Increased water resistance

• Improved fire retardancy

• Simplified manufacture and overall reduced cost

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Flexural stress/strength performance measured by ASTM D7264 three point bending.

Chopped glass fibre reinforced polyester-styrene resin with peroxide initiator.

PureGRAPH® additives mixed into resin prior to lay-up.

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COMPOSITES, PLASTICS & ADHESIVES

Applications – Sports and Leisure, Marine, Aquaculture, Automotive, Aeronautics

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Sales Sales
Client Client
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Sales
Client
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PureGRAPH[®] GRP swimming pools providing increased mechanical properties, reduced water permeability and simplified production process.

PureGRAPH[®] GRP boats providing increased flexural strength, modulus and water resistance.

PureGRAPH[®] enhanced HDPE oyster pots providing increased yield strength and abrasion resistance.

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RUBBERS & ELASTOMERS

What benefit does Graphene add?

• Easily dispersed

• Increased tensile strength

• Increased tear strength

• Increased abrasion resistance

• Increased fire-retardant properties

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TDI based polyurethane thermoset with <1% PureGRAPH[®] additive show improvements in tensile strength, elongation, abrasion and tear strength (not shown)

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RUBBERS & ELASTOMERS

Applications – Mineral Processing, Footwear, Sports and Leisure, Automotive

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Sales Sales App. Sales
Client Client Validation Client
PureGRAPH [®] enhanced
Scuff Cap, Outsole, Met PureGRAPH [[®]] enhanced
PureGRAPH [[®]] enhanced
Guard, Toe Cap and rubber top coat conveyor
recycled rubber tyre mats.
Midsole – Lighter, belts for bulk material
Graphene provides
improved grip, improved handling applications.
increased strength and
abrasion resistance etc. Increased cut/tear
modulus to the mat
properties, reduced
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PureGRAPH[[®]] enhanced rubber top coat conveyor belts for bulk material handling applications. Increased cut/tear properties, reduced abrasion loss and increased fire retardance.

PureGRAPH[[®]] enhanced recycled rubber tyre mats. Graphene provides increased strength and modulus to the mat structure.

PureGRAPH[®] enhanced ArmourGRAPH™reclaimer bucket liners installed at Pilbara WA. Six times improved abrasion resistance compared to standard PU liner.

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CEMENT AND CONCRETE

What benefit does Graphene add?

• After water, concrete is the most widely used material in the world.

• The use of cement-based concrete contributes ca. 8% of global CO2 emissions[1] .

• Stronger and lighter concrete structure.

• +34% in compressive strength[2]

• +27% in tensile strength[2]

• Potential reduction in carbon footprint.

• Reduced water and ion permeability, leading to reduced micro-cracking, thermal expansion, rebar corrosion, thus improved lifespan.

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1. https://www.chathamhouse.org/about/structure/eer-department/innovation-low-carbon-cement-and-concrete 2. With 0.02% w/w PureGRAPH[®]

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CEMENT AND CONCRETE

Applications – Structural, Water Treatment, Green Concrete, Prefabricated

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App. App. App. App.
Validation Validation Validation Validation
PureGRAPH [[®]] enhanced
green concrete applications.
PureGRAPH [[®]] enhanced Portland cement is being PureGRAPH [[®]] enhanced
concrete for water substituted with green concrete for prefabricated
treatment applications. options such as geopolymer applications. PureGRAPH [[®]]
PureGRAPH [[®]] provides to reduce the carbon increases mechanical
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PureGRAPH[[®]] enhanced green concrete applications. Portland cement is being substituted with green options such as geopolymer to reduce the carbon footprint. PureGRAPH[®] provides increased mechanical properties.

PureGRAPH[[®]] enhanced concrete for prefabricated applications. PureGRAPH[[®]] increases mechanical properties, reducing the amount of cement required.

PureGRAPH[[®]] enhanced concrete for water treatment applications. PureGRAPH[[®]] provides reduced water permeability

PureGRAPH[®] enhanced concrete for structural applications. Increasing compressive and tensile strength

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FIRE RETARDANCY

FireStop™Paint/Coating

• Self-extinguishing, barrier to flammable volatiles.

• Global patent.

• Non-toxic vs existing Fire Retardancy solutions.

• Under development in rubbers, plastics and composites, currently seeking partner to develop product line.

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University of Adelaide research indicates formation of gas barrier – reducing release of flammable, volatile organics as charring begins.

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FireStop™timber coating UL94=V0 and LOI = >40 on balsa.

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HIGH PURITY GRAPHITE FOR BATTERIES – R&D Project Renewable energy materials from oil feedstock

• Patented process funded by the U.K. Government to covert petroleum feedstock (oil fraction) to high purity Graphite/Graphene suitable for Li-Ion Anodes.

• Process creates Green Hydrogen by-product; with no CO2 generation (No combustion or burn off required).

• Resultant Graphite is high purity and optimized for a Li-Ion anode manufacture.

• Resultant Graphene can be used in composite anodes and cathodes for next generation Li-ion batteries.

• Entry opportunity for oil suppliers to participate in battery technology

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Starting material: Graphene / graphite
Oil Fraction dispersion
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Fig 1: One-step conversion of oil fraction to
graphite for Li-ion battery anodes.
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Sustainable Innovation Fund 2020 with Kainos Innovation Ltd.

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SUPERCAPACITORS & FUEL CELLS – R&D Project Supercapacitor materials for higher power energy sources

• Patented process to develop superior supercapacitor materials (metal oxide structures) to meet the evolving renewable energy demands i.e., electric vehicles and diversified power delivery/recovery.

• Metal oxide structures significantly increase the surface area of the Graphene platelets, resulting in higher capacitance for;

• Supercapacitors: Pseudo-capacitor materials for high power density and high energy density devices.

• Fuel Cells: Demonstrated potential for the same material to be used in hydrogen fuel cells by driving an oxygen reduction reaction.

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Fig 1: SEM images of the graphene scaffold with metal oxide structures for use in pseudo capacitors or electrocatalysts

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Summary and Strategic Roadmap

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Energy Storage
Program for multi-kg scale-up
Concrete
Trials at scale with customers
Fire Retardants
Prototype formulations in testing. •
First Graphene continues to make excellent
progress against our strategic roadmap.
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Glass Fibre Composites • Successful tonnage sales in polymer Final qualifications with lead customers strengthening and wear resistance.

Elastomers

• Qualifying trials with composites and concrete.

Tonnage sales in 2020

• Progress in novel supercapacitor and battery materials

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FINANCIALS: Issued	Capital and Share Price Chart
The lowest risk exposure to the	graphene business
Share price (5 March 2021)	A$0.24
Issued shares – fully paid	535m
Listed options (25c) August 2021	101m
Unlisted options – (18c) – expiry	2.0m
February 2022
Unlisted options (25c) – expiry	15.0m
November 2023
12-month price range (A$)	0.06c – 0.33c
Market capitalisation	~A$128
Cash - 31 December 2020	A$4.9m
	One year share chart – Source ASX and Westpac

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BOARD OF DIRECTORS Experienced leadership

Warwick Grigor: Non-Executive Chairman

• Respected and experience mining analyst

• Graduate of the Australian National University, with degrees in law and economics

• Former Chairman of Cannacord Genuity Australia Ltd

Dr Andy Goodwin: Non-Executive Director

• Ph.D. scientist with extensive leadership experience in innovation and new business growth with speciality chemicals industry

• Global Science & Technology Manager – Solar, Dow Corning Corporation in USA

Michael Quinert: Non-Executive Director

• Founding partner of Quinert Rodda Lawyers

• Focus on capital raising and listing rule compliance

• Over 20 years experience with ASX-listed companies in the capacity as legal counsel and director, in the mining and technology sectors

• Non-Executive Chairman of West Wits Mining Ltd.

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SENIOR EXECUTIVES Experienced leadership

Michael Bell: Chief Executive Officer

• Business leader with 20 years’ experience in high growth businesses across a multitude of industries

• Bachelor of Science - Physics, Management Science University of Canterbury Former Senior Vice President – ST Engineering Group Singapore

Paul Ladislaus: Chief Technology Officer

• Chartered Chemical Engineer with 20 years’ experience in operational, design, project management and research and development roles in the Chemicals Industry

• Master’s Degree in Chemical Engineering from the University of Cambridge

David Bennett: General Manager – Process Operations

• Bachelor of Science, Flinders University, Adelaide, SA

• Senior management roles in Australian & USA based drilling fluid entities

• Strong skills in OH&S and operational oversight

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Forward Looking Statements & Disclaimer

• 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 First Graphene Ltd 1 Sepia Close Henderson WA 6166 Australia Phone: +61 1300 660 448

Global R&D & Marketing First Graphene (UK) Ltd Graphene Engineering & Innovation Centre The University of Manchester Sackville Street Manchester M13 9PL, United Kingdom

Phone: +44 (0)161 826 2350

firstgraphene.net

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