Evion Group (EVG) Investor presentation summary

Strategic positioning and market overview

• Vertically integrated graphite supplier focused on the European Union, with operations spanning mining, processing, and downstream products.

• Recognised under the EU Critical Raw Materials Act, providing access to funding, grants, and preferred offtake partners.

• Madagascar operations benefit from a mining-friendly jurisdiction, established infrastructure, and proximity to major ports.

• Global graphite demand is surging, driven by battery and EV sectors, with flake graphite demand projected to rise 239% by 2034.

• Strategic partnerships and investments in India, Europe, and the US support expansion and market access.

Project portfolio and operational highlights

• Maniry Graphite Project in Madagascar features a high-grade resource: 16.2Mt ore reserve at 6.6% TGC, 40Mt total resource, and 18-year reserve life.

• Definitive feasibility study completed, with permitting and licensing in advanced stages and offtake discussions underway.

• Expandable graphite production commenced in India (50:50 JV), with first shipments in March 2025 and plans to scale to 10,000tpa by 2028/29.

• Battery Anode Material (BAM) project in Germany targets uncoated spheronised purified graphite for lithium-ion batteries, with strong scoping study economics.

• Corporate snapshot: Market cap A$18.5M, share price A$0.031 (Nov 2025), and cash position of ~A$2.3M.

Financial and economic impact

• Maniry Project NPV (post-tax) US$205M, EBITDA US$857M, gross revenue US$1,638M over 21+ years.

• Panthera Graphite JV in India: 25-year project life, total gross revenue US$477.7M, EBITDA US$226M, IRR after tax 570.66%.

• BAM project (Germany): 30,000tpa scenario NPV US$392M, IRR 39.5%, initial CAPEX US$117M, payback 3.51 years.

• Revenue from expandable graphite JV in India is growing, with US sales and strong demand in Asia and Europe.

• Significant community and government contributions: US$5.5M initial community spend, US$175M in taxes/royalties, and US$80M initial CAPEX for Maniry.