First Graphene : 08/03/2021 - Corporate Presentation

Delivering the Graphene Revolution

Driving Industrial Scale Adoption of Graphene

Focusing on two main areas of business development

• 1. 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 the, and to

  • • design additive methodology to effective use graphene in their product ranges

• 2. Research and Development of Alternative Energy Applications

It is widely believed that 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

FIRST GRAPHENE

Delivering the Graphene Revolution

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

• • High performing PureGRAPH® products creating value in composites, elastomers, fire retardancy and construction materials.

• • Robust 100 tonne/yr 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.

FINANCIALS: Issued Capital and Share Price Chart

The lowest risk exposure to the graphene business

Share price (5 March 2021)	A$0.24
Issued shares - fully paid	535m
Listed options (25c) August 2021	101m
Unlisted options - (18c) - expiry February 2022	2.0m
Unlisted options (25c) - expiry November 2023	15.0m
12-month price range (A$)	0.06c - 0.33c
Market capitalisation	~A$128
Cash - 31 December 2020	A$4.9m

One year share chart - Source ASX and Westpac

Experienced Board & Management Board of Directors

Warwick Grigor Non-Executive ChairmanPeter Youd

Executive Director & Chief Financial Officer

• • Respected and experience mining analyst

• • Graduate of the Australian National University. Degrees in law and economic

• • Previously Chairman of Cannacord Genuity Australia Ltd

• • Chartered Accountant with extensive experience within mineral resources, oil & gas services, mining & technology industries

• • Over 35 years as a senior manager and directorships of publicly listed and private companies in Australia and overseas.

Experienced Board & Management Board of Directors

Dr Andy Goodwin Non-Executive DirectorMichael Quinert

Non Executive Director

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

• • Strong technical and financial skills - PhD scientist with business school training

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

• • Founding partner of Quinert Rodda Lawyers

• • Focus on capital raising and listing rule compliance

• • Over 20 years of being successfully involved with a number of ASX-listed companies in the capacity as legal counsel and as a director, in the mining and technology sectors

• • Non-Executive Chairman of West Wits Mining Ltd.

Experienced Board & Management Senior Management

Michael Bell	•	Bachelor of Science - Physics, Management Science
Chief Executive Officer	University of Canterbury, New Zealand
•	Former Senior Vice President - ST Engineering Group
Singapore
Paul Ladislaus	•	Chartered Chemical Engineer with 20 years' experience in
Chief Technology Officer
operational, design, project management and research and
(Manchester)
development roles in the Chemicals Industry
•	Master's Degree in Chemical Engineering from the University of
Cambridge
•	Bachelor of Science, Flinders University, Adelaide, SA
David Bennett
General Manager - Process Operations	•	Senior management roles in Australian & USA based drilling fluid
(Henderson)	entities
•	Strong skills in OH&S and operational oversight

Commercialisation Steps - Existing Sales Agreements

Production Capacity Up to 10 tonnes

3,000,000

Total Cost/Revenue per annum

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

-

C2
C1	Prod
Aquatic Leis	ure Technolo	gies
Steel Blue
PlanarTECH

1,000

Production Costs kg per annum

2,000

3,000

Units Produced per annum (kilos)

Revenue - Signed Contracts

4,000

• • Manufacturing break even at 6,000kg per annum

(Based on costs for 10 tonnes per annum production)

• • Current customers contracted to 5,500

(To maintain exclusivity in their field or their product)

• • planarTECH - have taken 200kg during 2020. Looking to increase PPE production during 2021

• • Steel Blue - launching March 2021

• • Aquatic Leisure Technologies launching March 2021

  -

  5,000

  6,000

  7,000

  Revenue - Upcoming Contracts

  8,000

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

First Graphene - Core Capabilities

Driving the Industrial Scale Adoption of Graphene

Vein graphite RMs

Electrochemical ExfoliationIndustrial FinishingQuality Assurance

•	Captive - ensures	•	High Yield	•	Well established	•	6-sigma approach
reliability	•	Single Step	•	Controlled Quality	•	Industry leading
•	No processing at mine	•	Unique to FGR	•	Finishing Options	measurement
•	In-house stock	•	Scalable/Low Cost	•	Scalable/Low Cost	techniques
•	Low metals	•	Low waste	•	Low Waste	•	ISO/TC229 aligned
•	Large graphene plates	•	At-line testing
•	C of A for each batch

Why PureGRAPH®?

Delivering the Graphene Revolution

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

• • The PureGRAPH® advantage is that it is easily dispersed, delivering multiple benefits.

• • 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.

PureGRAPH® Best Quality Products:

Using ISO/TS 80004-13:2007 and BSI guidelines

Raman 2D band analysis:

• • 2D band provides information on number of sp2 layers.

• • Published literature1 states that absence of graphitic band indicates < ca. 5 carbon layer.

• • Bulk powder sampling method used2.

Conclusion:

Average GNP thickness is < 10 layers

1. Ferrari, A. C. et al. Raman spectrum of graphene and graphene layers. Phys. Rev. Lett. 97, 187401, (2006).

• 2. IRDG 222 Meeting and Poster Session, 20th December 2018, UCL, London

• 3. National Physical Laboratory Good Practice Guide 145

Scanning Electron Microscopy (SEM): PureGRAPH® 5

• • SEM analysis of PureGRAPH® powders.

• • Direct analysis of secondary powder particles.

Conclusion:

High aspect ratio GNP particles with little agglomeration.

Sizes correlate well with PSD data.

Transmission Electron Microscopy (TEM): PureGRAPH® 5

• • Analysis to NPL best practice guide3 which isolates primary particles.

• • TEM shows high content of Few Layer Graphene(FLG) platelets.

• • As expected there is a range of platelet diameters.

• • Example shown is a 4 um FLG showing smaller < 1 um FLGs

Conclusion:

Product contains high levels of FLGs.

PureGRAPH® Applications

Delivering the Graphene Revolution

Elastomers

Fibre Reinforced Composites

Thermally Conductive Coatings

Fire Retardant Coatings

Concrete Composites

Supercapacitors, anode material

Enhanced fabrics

Improved natural rubber performance

Safety Boots - Steel Blue

Components Improved using PureGRAPH® :

• • Scuff Cap

• • Outsole

• • Met Guard

• • Toe Cap

• • Midsole

L-R: Ross Fitzgerald (Founder - Steel Blue), Neil Wright (Head of Product Innovation - Steel Blue, Lynley Papineau (Managing Director - Aquatic Leisure Technologies), Mark McGowan (Western Australian State Premier)

Safety Boots - Steel Blue

PureGRAPH® 20 Agglomerates are well dispersed

SEM High magnification - GEIC

Wear Liners - Mining & mineral handling industries

Elastomers:

• • Easily dispersed

• • Increased strength

• • Supreme abrasion resistance

• • Improved fire retardancy1

TDI based polyurethane thermoset with <1% PureGRAPH® additive show improvements in tensile strength, elongation, abrasion and tear strength (not shown)PureGRAPH® enhanced ArmourGRAPH™ reclaimer bucket liners installed at Pilbara WA. Typical liner mass is 200kg.

1. Limiting Oxygen Index of polyurethane rubber increases from 22.85% to 31.6% with 1% PureGRAPH®20

Composites

Light-weighting and water resistance

Composites:

• • Increased strength (> 30%)

• • Light-weighting (> 30%)

• • Increased water resistance

• • Improved fire retardancy

• • Simplified manufacture

• • Overall reduced cost

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.

Thermally Conductive Coatings

Thermal Conductivity in Protective Coatings

• • Organic coatings enhance the longevity of metal substrates but reduce the thermal conductivity.

• • PureGRAPH® additives offer a simple method to increase thermal conductivity.

• • Thermal Diffusivity across the coated substrate is increased by a factor of 7x in this system.

Linear correlation between Thermal Diffusivity and PureGRAPH® loading is observed.

Thermal Diffusivity measured by Laser Flash within the GEIC laboratories, University of Manchester.

Coated metal substrates were analysed directly.

Fire Retardancy

FireStop™ Paint/Coating

Fire Retardancy: FireStop™

• • Self-extinguishing

• • Barrier to flammable volatiles

• • Non-toxic vs existing FR solutions

• • Under development in rubbers, plastics and composites

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

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

Construction

Stronger, lighter, greener concrete

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

• • The use of cement-based concrete contributes ca. 8% of global CO2 emissions1.

Graphene enhanced concrete:

• • Stronger and lighter concrete structures

  • • +34% in compressive strength2

  • • +27% in tensile strength2

• • Potential reduction in carbon footprint

• 1. https://www.chathamhouse.org/about/structure/eer-department/innovation-low-carbon-cement-and-concrete

• 2. With 0.02% w/w PureGRAPH®

Improved longevity:

• • Reduced water and ion permeability.

• • Leading to reduced microcracking, thermal expansion, re-bar corrosion thus improved lifetimes.

Energy Storage

Supercapacitors - Disruptive New High Capacitance Materials

• • Metal Oxide decorated graphenes from Electrochemical processing

• • High electrical capacity, microporous graphene materials decorated with transition metal oxides, with capacitance up to 500 Farads/g.

• • Manufactured directly from graphite using First Graphene's existing process capability, currently scaled at 100 tonne/year.

• • Patented know-how.

• • Exclusive licence signed with The University of Manchester

• • Pilot scale evaluation successfully completed in 2020.

• • About Supercapacitors:

• • Rapidly growing market US$2.2 Billion by 2022

• • High power density with rapid charge and discharge

• • High performing at high/low temperatures with excellent lifespan.

(C-G) STEM-HAADF images of the MnO2 functionalized graphene sample obtained by electrochemical exfoliation of graphite in 0.02 M Mn(NO3)2 and 0.5M Na2SO4(aq). From Andinet Ejigu,* Kazunori Fujisawa, Ben F. Spencer, Bin Wang, Mauricio Terrones, Ian A. Kinloch, and Robert A. W. Dryfe*Adv. Funct. Mater. 2018, 28, 1804357

Summary and Strategic Roadmap

Concrete

Energy Storage

Program for multi-kg scale-up

Trials at scale with customers

Fire Retardants

Prototype formulations in testing.

Glass Fibre Composites

Final qualifications with lead customers

Elastomers

Tonnage sales in 2020

• • First Graphene continues to make excellent progress against our strategic roadmap.

• • Successful tonnage sales in polymer strengthening and wear resistance.

• • Qualifying trials with composites and concrete.

• • Progress in novel supercapacitor and battery materials

The Investment Opportunity

Having spent approximately $30m over five years to become the world leader of high quality, bulk graphene suitable for delivery into manufacturing industries, First Graphene is on the cusp of operating breakeven levels as it embarks upon what promises to be a very steep growth curve.

Additionally, it continues to develop a range of applications using graphene in a number of improved alternative energy storage devices ranging from solar energy collection, through to advanced supercapacitor materials, alternatives to spheronised graphite in battery anode materials and a new process for the manufacture of green hydrogen.

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.

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Corporate Headquarters

Global R&D & Marketing

& Manufacturing Plant

First Graphene (UK) Ltd

First Graphene Ltd

Graphene Engineering & Innovation

1 Sepia Close

Centre

Henderson

The University of Manchester

WA 6166

Sackville Street

Australia

Manchester

M13 9PL, United Kingdom

Phone: [phone]

Phone: [phone]

firstgraphene.net