TITOMIC LIMITED — AGM Information 2019

Nov 28, 2019

==> picture [34 x 145] intentionally omitted <==

==> picture [158 x 64] intentionally omitted <==

==> picture [158 x 65] intentionally omitted <==

DIGITAL MANUFACTURING SOLUTIONS

ANNUAL GENERAL MEETING

Mr Jeff Lang Managing Director

==> picture [225 x 23] intentionally omitted <==

----- Start of picture text -----

2 9 N O V E M B E R 2 0 1 9
----- End of picture text -----

==> picture [490 x 224] intentionally omitted <==

==> picture [490 x 223] intentionally omitted <==

About Titomic

Titomic is an Australian public company specialising in digital manufacturing solutions for industrial scale metal additive manufacturing using its patented Titomic Kinetic Fusion® technology. Incorporated in 2014, Titomic was created to commercialise Titomic Kinetic Fusion®, or TKF, a technology co-developed with Australia’s CSIRO to capitalise upon, and add value to, Australia’s abundance of titanium reserves. Titomic has the exclusive rights to commercialise this proprietary and patented process.

Titomic Kinetic Fusion® is based on the deposition of metal powders at supersonic speeds to create industrial scale parts and complex surface coatings. Titomic leverages this patented process and material science to create high performance products, and solves complex engineering challenges utilising automation and additive manufacturing.

Digital Manufacturing Solutions

2

Titomic Kinetic Fusion® Systems Machine Sale, Lease & OEM

==> picture [153 x 36] intentionally omitted <==

----- Start of picture text -----

T K F 9 0 0 0
----- End of picture text -----

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Titomic provides a range of additive manufacturing systems, from turnkey solutions at one cubic metre, to the world’s largest bespoke, purpose built systems and automated production lines.

==> picture [282 x 42] intentionally omitted <==

==> picture [282 x 43] intentionally omitted <==

==> picture [282 x 43] intentionally omitted <==

==> picture [65 x 9] intentionally omitted <==

----- Start of picture text -----

T K F 1 0 0 0
----- End of picture text -----

==> picture [282 x 43] intentionally omitted <==

==> picture [282 x 21] intentionally omitted <==

3

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Leadership

Team

Drawing upon a broad spectrum of experience, Titomic’s leadership team is well-equipped to commercialise Titomic’s unique technology.

Titomic’s leaders hold a strong track-record of high-performance across multi-billion dollar and publicly listed companies.

The Board

==> picture [75 x 75] intentionally omitted <==

==> picture [76 x 75] intentionally omitted <==

==> picture [183 x 116] intentionally omitted <==

----- Start of picture text -----

Richard Willson Richard Fox
Non-Exec Director Non-Exec Director
A
B U I L D I N G
----- End of picture text -----

Philip Vafiadis Jeff Lang Non-Exec Chairman Managing Director

Executive Team

==> picture [75 x 75] intentionally omitted <==

==> picture [75 x 75] intentionally omitted <==

==> picture [75 x 75] intentionally omitted <==

==> picture [75 x 75] intentionally omitted <==

==> picture [75 x 75] intentionally omitted <==

Robert Turner Peter Vaughan Vahram Papyan Nathanael Miller Chief Financial Officer Company Secretary Chief Strategy Officer Chief Technology Officer & Chief Business Officer

==> picture [89 x 20] intentionally omitted <==

----- Start of picture text -----

Glen Casey
Chief Operating Officer
----- End of picture text -----

4

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Technical Advisory Committee

Technical Advisory Committee (TAC)

==> picture [75 x 93] intentionally omitted <==

==> picture [74 x 92] intentionally omitted <==

Dr Richard Hannink

The Technical Advisory Committee comprises subject matter experts from Australia’s most prolific research institutes and commercial organisations. The TAC will consider innovative solutions for industry through collective thought leadership, industry enhancements, and application of research programs whilst maintaining a clear focus on the delivery and adoption of research in line with Titomic’s strategic outputs. 5

Dr Airlie Chapman

Professor Rhys Jones

==> picture [76 x 92] intentionally omitted <==

==> picture [74 x 92] intentionally omitted <==

==> picture [74 x 93] intentionally omitted <==

Professor Raman Singh

Professor Emad Gad

Professor Ivan Cole

==> picture [792 x 25] intentionally omitted <==

----- Start of picture text -----

5
----- End of picture text -----

Key Figures

• Market Cap on ASX listing in Sept 2017 - $20M @ $0.20 per share

• • Market Cap on ASX as at 26 Nov 2019 - $148M @ $1.17 per share

• Total of $28.7m Capital Raised To Date

==> picture [336 x 223] intentionally omitted <==

Capital Structure(26th November 2019)	Shares
Shares on Issue	127,215,865
Performance Shares *Subject to Performance Milestone Achievement	20,000,000
Director Performance Shares	140,123
Listed Options_(Exercisable at AUD$2.50 on or before 10 July 2021)_	2,058,839
Unlisted Options_(Exercisable at various prices and dates)_	2,105,000
Market Capitalisation_(26 Nov 2019)_	AUD $148M
Cash Balance_(30 Sept 2019)_	AUD $5.5M

==> picture [410 x 446] intentionally omitted <==

----- Start of picture text -----

Capital Structure (26 [th] November 2019) Shares
Shares on Issue 127,215,865
Performance Shares
20,000,000
Subject to Performance Milestone Achievement
Director Performance Shares 140,123
Listed Options (Exercisable at AUD$2.50 on or before 10 July 2021) 2,058,839
Unlisted Options (Exercisable at various prices and dates) 2,105,000
Market Capitalisation (26 Nov 2019) AUD $148M
Cash Balance (30 Sept 2019) AUD $5.5M
Ownership Breakdown
(26 [th] Nov 2019)
Balance of
Shareholders Founders &
39% Directors
41%
Remainder of
Top 10 IPO Broker
15%
5%
----- End of picture text -----*

6

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Achievements 2019

==> picture [754 x 293] intentionally omitted <==

----- Start of picture text -----

Creation of
Titomic Digital
Creation of
Manufacturing
Technical
Platforms &
Advisory software team
Received Secured two Committee
$900k R&D tax global CSIRO
concession patents
and EMDG
funds
Development
of TKF 1000
R&D, OEM
Titomic HQ
capacity at established Creation of
TKF Melbourne Titomic Space
Creation of
Division – led
Bureau new IP for two
by NASA
Capital Raise Secured global TKF processes technical lead
$7m supply chain (pending)
Subsidised R&D for multiple
from IMCRC, metals
Exhibition at CSIRO, CDIC,
key global SEAM & Vic Gov
Production & tradeshows
R&D capacity
15 commercial
at TKF
& R&D
Melbourne
partnerships Bureau
developed
----- End of picture text -----

7

==> picture [106 x 40] intentionally omitted <==

==> picture [108 x 120] intentionally omitted <==

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

==> picture [106 x 40] intentionally omitted <==

Cutting Edge Materials

==> picture [106 x 40] intentionally omitted <==

Titomic can produce the following capabilities and properties for countless industries

==> picture [106 x 106] intentionally omitted <==

==> picture [106 x 106] intentionally omitted <==

• Lighter and stronger materials

• Anti-fouling and repair

• Corrosion resistance

==> picture [106 x 106] intentionally omitted <==

==> picture [106 x 106] intentionally omitted <==

• Continuous tube production

• Ballistics protection

• Improved surface friction

==> picture [792 x 116] intentionally omitted <==

----- Start of picture text -----

•
Smart hybrid materials
8
----- End of picture text -----

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

==> picture [351 x 226] intentionally omitted <==

Titanium Industry 180,000/t[1]

Six countries

==> picture [344 x 239] intentionally omitted <==

----- Start of picture text -----

70,000
52,000
40,000
13,100
9,000
8,000
Russia Kazakhstan Ukraine Japan China USA
----- End of picture text -----

==> picture [46 x 23] intentionally omitted <==

• The United States is the world's largest titanium metal importer (2018 ranking). In 2018, the U.S. imported 74,400 metric tons of titanium metal. - Top three import sources: Japan, Russia, and China.

==> picture [46 x 24] intentionally omitted <==

• Australia is the biggest titanium mineral importer to the USA. In 2018, the U.S. imported 336,602 (34.4%) tons of titanium ores and concentrates from Australia.

• Australia has the largest reserves of titanium minerals in the world; 250 million tones of ilmenite and 29 million tones of rutile, 28.4% and 46.7% of world’s reserves respectively.

9

Global Supply Chain

TKF process can utilise metal powder grades at different price points

In fact the TKF process allows lower grade powders that were once unviable, to be utilized for high end, high spec products at greater affordability, productivity and performance (than traditional forging & casting)

==> picture [130 x 19] intentionally omitted <==

----- Start of picture text -----

HDH Ti Powder
----- End of picture text -----

Titanium STP

SS PREP Ti Powder Plasma Atomised Current – 780 tonnes Current – 1,000 tonnes Future – 1,200 tonnes Future – 1,500 tonnes

Gas Atomised Ti Powder Current – 2,000 tonnes Future – 5,000 tonnes

==> picture [129 x 103] intentionally omitted <==

==> picture [123 x 96] intentionally omitted <==

Current – R&D Phase Future – 40,000 tonnes

Current – 3,000 tonnes Future – 10,000 tonnes

Price-Point Grade

Mid-Grade

Aerospace Grade

==> picture [41 x 417] intentionally omitted <==

10

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Competitive Advantage

==> picture [35 x 35] intentionally omitted <==

==> picture [32 x 32] intentionally omitted <==

Productivity

Titanium Rifle Barrel

Target Market Size $450m

50% Cheaper to Manufacture

69% Lighter Weight

Faster Production Time ~3.9mins

Total US Market Size US$3.6 billion

==> picture [158 x 89] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

Affordability

Invar36 Tooling

Target Market Size $240m 75% Faster Production time Reduced Porosity 5% → 03% Materials Wastage down 75% → 10%

Total US Market Size US$24 billion

==> picture [134 x 65] intentionally omitted <==

Performance

11

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Target Segments

DEFENCE

AEROSPACE & SPACE

• DoD Projects $760 Billion

• Special coatings $9 Billion

• Soldier Systems $9 Billion

• Tool molds $24 Billion

==> picture [60 x 49] intentionally omitted <==

• Special coatings $50 Billion

• Near net shape parts $3.5 billion

==> picture [31 x 31] intentionally omitted <==

• Titanium Boat Hulls $30 Billion

• Space manufacturing $72 billion

• MINING, OIL & GAS USD$ p.a. CONSUMER Pipelines $264 Billion • Sporting Goods $33 Billion •

• Valves & Pumps $88 Billion Bicycles plus Parts $52 Billion

• Pipelines $264 Billion

• Valves & Pumps $88 Billion

==> picture [25 x 24] intentionally omitted <==

==> picture [28 x 28] intentionally omitted <==

==> picture [29 x 28] intentionally omitted <==

GOVERNMENT – R&D Powder production and testing facilities

CONSTRUCTION, TRANSPORT, AUTOMOTIVE

• Cladding & Architectural $230 Billion

• Titanium Car Rims $40 Billion

• Metal Parts $84 Billion

==> picture [159 x 9] intentionally omitted <==

----- Start of picture text -----

Near Term Market Potential (US Dollars)
----- End of picture text -----

12

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Revenue Streams

Advisory & Prototype

==> picture [118 x 115] intentionally omitted <==

Technical Talent and Laboratory

R&D services to clients including design for manufacture, prototyping, feasibility studies, and process validation.

OEM Manufacture

==> picture [118 x 117] intentionally omitted <==

Titomic Bureau Expansion

Titomic provides scalable OEM production to client specification at a Titomic Smart Bureau.

TKF System Sales Metal Powder Sales

==> picture [118 x 113] intentionally omitted <==

==> picture [118 x 112] intentionally omitted <==

Strategic Acquisitions

Gas Atomiser Program

Titomic offers turnkey and Titomic supplies a costlarge, purpose-engineered competitive range of metal systems and automated powders for all additive robotic production lines. manufacturing requirements.

13

==> picture [768 x 436] intentionally omitted <==

----- Start of picture text -----

R&D PROJECTS
20+ Completed
Current Projects: 38
Aerospace – 5 projects
Mining – 4 projects
Consumer Goods – 9 projects
Defence – 16 projects
Gov R&D – 4 projects
Project Status
Previously announced projects have all been initiated PRODUCTION TRIALS
with some now moving into next phase of production 5+ projects completed
trials after successful results from Phase 1testing. 20+ current projects
OEM SALES FORECAST 2020
Soldier Systems - $2.2m
Tooling Systems - $10m
Aerospace - $1.6m
Defence - $3.5m
----- End of picture text -----

14

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

3D Printing Market

==> picture [792 x 357] intentionally omitted <==

----- Start of picture text -----

2018 2024
$10.6b $49.0b
The 3D printing market was valued at USD 10.58 billion
in 2018, and is expected to reach USD 49.01 billion by
2024. A CAGR of 29.48% over the forecast period 2019-
2024. (Source: Mordor Intelligence)
15 Company Formed
----- End of picture text -----

==> picture [792 x 112] intentionally omitted <==

==> picture [792 x 113] intentionally omitted <==

==> picture [792 x 112] intentionally omitted <==

----- Start of picture text -----

OUTLOOK
----- End of picture text -----

==> picture [792 x 48] intentionally omitted <==

16

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Strategic Growth Plan

==> picture [729 x 337] intentionally omitted <==

----- Start of picture text -----

Build Global Capacity &
Supply Capability
Shifting from Concept to Strategic Acquisition &
CommercialisationInvestment  Commissioning of Bureau
(housing the world’s largest
& fastest 3D printer) in US,
Targeting acquisitions
QA & Standards to Open and investment that: Europe & Japan
New Markets
 De-Risk the supply chain  Build Titanium Powder Plant
in Australia, US & Europe
 Provide access to
Maximise Growth  Certified ISO9001:2015
new product
Demand Quality Management verticals  Create materials validation
System unlocks lab in Australia
Solid Foundation: $20m  Promote production run procurement from global  Provide new technology
& machine sale model enterprises
invested into TKF, supply chain,  Develop direct  Access blue chip client
infrastructure & commercial sales presence  Open Aerospace & base & revenues
Defence industries (FAA,
development  Service existing DoD & NASA) with
distributors (eg Sino- MMPDS standards
Euro)
----- End of picture text -----

17

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Future Projects

Next-Generation Heterogenous materials

Metalisation of Carbon Fibre Composites

==> picture [160 x 155] intentionally omitted <==

==> picture [390 x 156] intentionally omitted <==

Dissimilar Metals (confidential)

Ti Coatings Pressure Vessels (Windfarm) (confidential)

18

==> picture [32 x 14] intentionally omitted <==

==> picture [32 x 13] intentionally omitted <==

Contact Us info@titomic.com www.titomic.com @company/titomic/ @Titomic_Limited

19