Pearl Global : EnviroTalks Investor Presentation

For personal use only

EnviroTalks - November 2021

ABN 90 118 710 508

Important Notice - Disclaimer

This presentation and the information contained within it (the "Presentation") has been prepared by, and is the sole responsibility of Pearl Global Limited (Company). Statements in this Presentation are made only as at 17 November 2021 and the onlyPresentation remains subject to change without notice. The Presentation is provided solely for the use and benefit of the person to whom it is provided (the "Recipient"). The Presentation is not a prospectus, disclosure document, product disclosure

statement or other offering document under Australian law or under any other law. This Presentation has not been filed, registered or approved in any jurisdiction.

C nfidentiality - The Presentation has been provided to the Recipient on a strictly confidential basis solely for the purpose of providing information about the Company.

Non reliance -This Presentation is of a general nature and contains selected information only and does not purport to be complete or contain all of the information that may be relevant to the opportunity. The Presentation is provided solely for information usepurposes and should not be relied upon by the Recipient. No representation or warranty, express or implied, is made by any person as to the fairness, accuracy, completeness, reliability, timeliness, suitability or correctness of the information, opinions and

conclusions contained in this Presentation. This Presentation does not purport to summarise all information that a Recipient should consider when making an investment decision and should not form the basis of any decision by a Recipient.

Not financial product advice -The Presentation is provided for general information purposes only and is not a financial product or investment advice or recommendation to acquire any securities in the Company. The Presentation is provided without taking into account any person's objectives, financial situation or particular needs. It should not be relied on by the Recipient in considering the merits of any particular transaction, including the opportunity. Recipients of this Presentation should make their own

assessment of an investment in the Company and should not rely on this Presentation. Recipients should conduct their own research into the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and personalbusiness affairs of the Company and its business, and the contents of this Presentation. Recipients should seek legal, financial, tax and other advice appropriate to your jurisdiction.

Past and future performance - Past performance information included in this Presentation is provided for illustrative purposes only, should not be relied upon and is not an indication of future performance. This Presentation contains certain forward- looking statements with respect to the financial condition, operations and business of the Company and certain plans and objectives of the Company. Forward-looking statements can be identified by the use of forward-looking terminology, including, without limitation, the terms "believes", "estimates", "anticipates", "expects, "predicts", "intends", "plans", "targets", "aims", "outlook", "guidance", "forecasts", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or c mparable terminology. These forward-looking statements include all matters that are not historical facts. Such forward looking statements involve known and unknown risks, uncertainties and other factors that because of their nature may cause the actual results or performance of the Company to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the political and economic environment in which the Company will operate in the future, which may not be reasonable, and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved, or that there is a reasonable basis for any of these statements or forecasts. Forward-looking statements speak only as at the date of this

Pr sentation and to the full extent permitted by law, the Company, and their respective affiliates and related bodies corporate and each of their respective related parties and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this Presentation (including, but not limited to, any assumptions or expectations set out in the Presentation).

Disclaimer - To the maximum extent permitted by law, the Company and its related bodies corporate, directors, officers, partners, employees, advisers, consultants and agents exclude and disclaim all liability for any expenses, direct or indirect losses, Fordamages or costs incurred or suffered by the Recipient or any other person arising from or in connection with use or reliance on (in any manner) the information or the Recipient's participation in the opportunity, whether the expenses, losses, damages or

c sts arise because of negligence, default, misrepresentation or some other cause, and whether or not they are foreseeable. To the maximum extent permitted by law, the Recipient (on its own behalf and on behalf of each of its representatives) unc nditionally and irrevocably releases the Company and its related bodies corporate, directors, officers, partners, employees, advisers, consultants and agents from all claims and liability. The Company holds this release for itself and on trust for its related bodies corporate, directors, officers, partners, employees, advisers, consultants and agents.

2

Australia appears to lack both the will and capability to manage its waste tyre problem at home in a sustainable manner

For personal use only

• 85%1 of Australian waste tyres are either sent offshore or buried.
• This is a global problem.

3

Governments tightening policy - communities increasingly seeking solutions1. Usedfortyresdealingsupply chain andwithfatewasteanalysis June(China2020 - Tyreban)Stewardship of Australia

Pearl Global has a solution

PEARL GLOBAL LIMTED ABN: 90 118 710 508

For personal use only

•

•

•

•

•

Pearl Global collects and processes end of life tyres using globally unique proprietary technology - patent applications have been accepted.

Tyres are processed into diesel fuel alternatives, steel and carbon char.

Pearl Global's process is fundamentally different to traditional pyrolysis - environmental and end product outcomes are superior.

Pearl Global currently processes approximately 3,500 tonnes of tyres p.a. and is focused on ramping its activity to process around 10,000 tonnes per annum.

These processes are complemented by tyre crumbing operations which provide other circular economy solutions, and synergies for partners and customers in the Asphalt industry especially.

• The company is looking to expand from its base in Stapylton, South East Queensland, to establish major regional footprints across the country and potentially offshore.

Car and 4WD Tyres are the single largest segment of end of life tyres in Australia

For personal use only

Market Composition1 - tonnes of tyres disposed of

Mining and Agricultural	Truck
25% - 117,595 t	34% - 157,702 t

Car and 4WD

41% - 189,921 t

• Car and 4WD tyres, ie. for passenger vehicles, account for more than 40% of end of life tyres.
• 190,000 tonnes is ~ 19 million individual tyres.
• Truck and Mining/Agricultural tyres make up the remainder.
• The local market for sustainable recovery of end of life tyres is largely untapped.

1. Source: Used Tyres Supply Chain and Fate Analysis, Tyre Stewardship Australia, June 2020,

5