LIMEX & Material Circulation

Global Sales

Tom Nunomura
2023.02｜Copyright © 2023 TBM Co., Ltd. All Rights Reserved.

｜

Business Overview

Major Shareholders

Company Overview
Company Name TBM Co., Ltd.
Established
Address

August 2011
15F Toho Hibiya Building, 1-2-2,
Yurakucho, Chiyoda-ku, Tokyo, JAPANCEO

Nobuyoshi Yamasaki# of employees

286 (as of December 2022)• Aderans Company Limited• Dai Nippon Printing Co., Ltd.

• ITOCHU Corporation• DCM Holdings Co., Ltd.

• Goldman Sachs• DIP Corporation• SK Japan Investment Inc.

• Dentsu Group Inc.

• SBI Holdings, Inc.

• Toppan Inc.

• Sanyo Chemical Industries, Ltd.

• Nihon Kolmar Co., Ltd.

• JR East Start Up Co., Ltd.

• FRANCE BED HOLDINGS CO.,LTD.

• SHIMA SEIKI MFG., LTD.

• MITSUBISHI PENCIL CO., LTD.

• Shinsei Corporate Investment Ltd.

• Musashi Paint Holdings Co., Ltd.

• Spotlight 1• YAKUODO Co. Ltd.

• SETTSU WAREHOUSE Co., Ltd.

• Yodobashi Holdings Co.,Ltd.

Awards• Plug and Play 2016 “New materials and package” (US)Capital StockBusinessApprox. $200 million(Including legal capital surplus)
Develop, manufacture, and deliver ecologicalmaterials, and material circulation business• Stevie Awards Asia Pacific 2017 (ASIA REGION)• COOL JAPAN AWARD 2017 (JAPAN)• US Japan Innovation Award 2017 ” Innovation Showcase company “ (US)• Red Dot Design Award 2018 (GERMANY)• EY Entrepreneur Of The Year 2019 Japan (JAPAN)• 100 Best Industrial Innovations for International Technology Transfer (CHINA)• Golden Pin Design Award 金點設計獎 2021 (TAIWAN)

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Business Overview

What we do
TBM is developing a sustainable circular business model with ecological new materials “LIMEX”.
We aim to reduce virgin material usage and accelerate material circulation.

Material & Products(LIMEX)

Material
Circulation2

World population expected to reach

9.7
United Nations: World Population Prospects 2022

billion by 2050

3

51% of the world's population

could be at high water risk by 2050

WWF,“Water Risk Filter Brief”

4Plastic production to increase

3.1- times by 2050

compared to 2018

Plastics Europe Market Research Group (PEMRG) and Conversio Market & Strategy GmbH, Plastics – the Facts 2019
World Economic Forum, Ellen Macarthur Foundation, McKinsey & Company, A New Plastics Economy: Rethinking the Future of Plastics (2016)5

｜Copyright © 2021 TBM Co., Ltd. All Rights Reserved.

｜6LIMEX Introduction

What is LIMEX?
LIMEX is an inorganic filler composite material mainly made of limestone.
It can be used as plastic and paper alternatives.

≧ 50%Limestone(Inorganic Materials)

Plastic Resin

LIMEX is patented in over 40 countries

LIMEX Introduction

Why limestone?
Advantages inCO2 emissions
Abundant natural
resource worldwide
Economical and low
volatility
Limestone
8

LIMEX Introduction

Benefit of LIMEX

Save forest
and water

ReducePlastic

ReduceGreenhouse Gas9

LIMEX Introduction

LIMEX is delivered to over 10,000 companies

Shopping bag(Haneda Airport)

Plastic Toy model(BANDAI SPIRITS)

Flexible Packaging(AST Corporation)

Hotel Amenity(JTB Trading)Hanger(Mainetti)

Cosmetic Packaging(Kemas)Secondary Packaging(ISDG)

Drink Cup
(Wakayama Adventure World)

Backlit Signage(MOS Burger)

Flower Label(Watahan)10Business Model

TBM’s Circular Business Model

Recycling Plant
Limestone

Reusable Plastic

Plastic
Waste

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Material Circulation

Recycling Plant for LIMEX & Plastics
TBM launched a LIMEX & plastic recycling plant in Yokosuka City, Japan, to meet the growing demand of recycling.

Annual processing capacity:approx.

40,000 tons

Production capacity:
approx. 24,000 tons of recycled pellets

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Global Expansion

We will expand our circular business model globally

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Partnership

We want to connect with….

⚫ Companies interested in using LIMEX for their products in

African and European countries.
⚫ Companies that we can collaborate to build a material

circulation system in African and European countries15

We will realize the“Sustainability Revolution”

Times Bridge Management

Our future we want doesn’t just come.

We have experienced the agricultural revolution,

No matter how we predict the future, the future we

industrial revolution, and digital information

want will not come.

revolution. The AI revolution is coming next.

Only when we take on a challenge with strong willSo, what is coming after these?

to create the future, we can reach the future we

We believe, the “Sustainability Revolution” iswant.

coming … moreover, we have to make it happen.
It is our mission to lead the next coming
revolution.
Nobuyoshi Yamasaki,
Representative director, CEO16

Thank you for listening

Visit our corporate site for more information!

https://global.tb-m.com/

My e-mail: t-nunomura@tb-m.com
17

Countries not producing paper

75

countries

Food and Agriculture Organization of the United Nations,“Forest Products 2019”18

Material Circulation

Track Record of LIMEX Closed-loop recycling
Used LIMEX products (park guides and cups) were collected and recycled into trays for use in the park's bakery andemployee cafeteria
USE

PELLETIZEREMAKEREUSE

Food Tray

1. Used as food trays in the park

Used LIMEX products are collected fromcustomers at Adventure World

Recycled LIMEX pellets aremolded at our partner company inWakayama and recycled.

2. Used as trays in the company cafeteria

19Business Overview

Our History
2008

Yamasaki started importing stone paper made in Taiwan

2010

Started developing a unique technology that is different from the stone paper

2011

Established TBM Co., Ltd.

2014

Registered the basic patent for LIMEX

2015

1st plant started operation in Shiroishi-city, Miyagi prefecture

2016

Launched LIMEX as a paper alternative2018

Launched LIMEX as a plastic alternative

2019

Started overseas business development

2020

Launched CirculeX (recycled plastic)2021

2nd plant started operation in Tagajo-city, Miyagi prefecture2021

Established TBM VN Co., Ltd. in Hanoi, Vietnam2022

1st recycling plant started operation in Yokosuka-city, Kanagawa prefecture20

Business Overview

Fund Development
More than $200 million from public ministry and private companies.

Korean Conglomerate SK GroupTBM and SK Group agreed on a $123 million capitaland business alliance to accelerate the global
expansion of LIMEX.

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LIMEX Introduction

World-class recognition
LIMEX is patented in over 40 countries worldwide.

Registered in “STePP”
the sustainable technology
dissemination platform by UNIDO

Introduced at COP
as a member of the Japanese
government delegation

Participated atthe G20 Innovation Exhibition

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LIMEX Introduction

OfficeGlobal Expansion and Partnership

Partner / Project
MONGOLIA
National Development Agency (MOU)

UK
CHINA
LIMEX project inHenan Province (MOU)

Sales & Promotion

partnership with LXD

VIETNAMTBM VN Co., Ltd

THAILAND
Sales & Promotion
partnership with Covermat

INDONESIA

JAPAN
Japan Headquarter &Manufacturing Sites

KOREA
US$ 123M capital alliancewith SK GroupUS
Times Bridge Management
Global, Inc.

Countries with local staff:
Vietnam, Thailand, Malaysia, India, China, Indonesia

LIMEX Pellet forcosmetic containers (Alliance)
23

Business OverviewAmbitious mid-term goal “TBM Pledge 2030”

Go Carbon Negativeby 2030

Go Circular

We aim for more greenhouse gas

We aim to circulate 1 million tons

emissions reduction than theof LIMEX and plastic inamount we emit throughout our50 countries.

value chain.

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LIMEX Introduction

Development for wider applications
Under Development
Available Application

Construction wall
Toy

Tray

Shopping bag

Menu

Flower label

FabricHanger
Pipe
Hotel amenity

Flexible package

BottleCalendarLabel/Sticker

Automotive parts

Cosmetic package

Logistic

Document folder
Packageconstruction
materialDrink cup / Food tray

Backlit signage

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LIMEX

Case Study: Food tray
@Rock Field, a major Japanese deli brand

A-PET → LIMEX• Reduce plastic by approx.

38% per year

• Reduce CO2 emissions by approx.

22% per year

• Can be microwaved

From LCA by TBM Corporation (raw material procurement ~ disposal), subject to change depending on design and manufacturing conditions.

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LIMEX

Case Study: Cosmetic packaging@KEMAS, an Indonesian cosmetic packaging manufacturer

ABS → LIMEX

28%•

Reduce CO2 emission by•

Reduce resin usage reduction by•

Cool and luxurious feeling•Effective branding story with cosmetic containers
made from limestone

From LCA by TBM Corporation (raw material procurement ~ disposal), subject to change depending on design and manufacturing conditions.

37%

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Material Circulation

Products made with recycled material “CirculeX”
Umbrella
Umbrellas made from CirculeX are delivered
nationwide with cross-industry collaboration.

Waste BagLAWSON switched waste bags from virginplastic to CirculeX waste bags made fromplastic waste collected from Southeast Asia.

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