Tirupati Graphite (TGR) Company presentation summary

Strategic vision and market positioning

• Aims to become the leading ex-China producer of graphite for Li-ion batteries, targeting 8% of global flake graphite demand by 2030.

• Focuses on multi-asset, multi-jurisdiction operations with projects in Madagascar and Mozambique.

• Positioned as a sustainable producer with low energy consumption and a strong ESG profile.

• Benefits from global policy shifts (IRA, CRMA) favoring non-China supply chains for critical minerals.

• Only company in its peer group with consistent operational profits since inception.

Operational progress and expansion

• Developed Madagascar projects to 30,000 tpa capacity within two years of listing, with further expansions planned.

• Mozambique projects add significant resources and small flake graphite, with a 50,000 tpa plant targeted for H1 2025.

• Immediate plans include increasing Madagascar capacity to 36,000 tpa and further to 90,000 tpa as market grows.

• Expansion funding is being pursued with development finance institutions and offtake partners.

• Modular unit setup enables rapid scaling in response to market demand.

Market opportunity and supply dynamics

• Global graphite demand expected to increase fivefold over the next decade, driven by EV and battery growth.

• Graphite is the largest mineral component in Li-ion batteries, with natural graphite's share in anodes set to rise due to cost and ESG factors.

• China currently dominates the graphite supply chain, but supply deficits are forecasted, creating opportunities for new entrants.

• By 2030, batteries will account for 79% of graphite demand, up from 24% in 2021.

• African projects are well positioned to meet the growing demand for ex-China graphite.