Advanced Energy Minerals Ltd · ASX:AEM
Advanced Energy Minerals — Investor Presentation (March 2026)
38 slides from Advanced Energy Minerals's investor presentation, Mar 20, 2026
Slide 1: Investor Presentation March 2026
Investor Presentation March 2026 INVESTOR PRESENTATION 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation (Presentation) is dated [insert] and has been prepared by Advanced Energy Minerals Future Performance Ltd (ACN 095 907 565) (AEM or the Company) and provides general information about the Company and its business. The Presentation contains certain “
Slide 3: Important Notices and Disclaimer (cont.)
Important Notices and Disclaimer (cont.) No Warranty and Disclaimer Effect of Rounding No party other than AEM has authorised or caused the issue, lodgement, submission, dispatch or A number of figures, amounts, percentages, estimates, calculations of value and fractions in this provision of this Pr
Slide 4: Today's Presenters
Today’s Presenters Michael Adams Richard Seville Managing Director and Executive Chairman Chief Executive Officer INVESTOR PRESENTATION 4
Slide 5: Introduction
1 Introduction INVESTOR PRESENTATION 5
Slide 6: Company Overview
Company Overview Advanced Energy Minerals is a customer focussed, innovative producer of high and ultra-high purity alumina products serving attractive end-markets Overview Cap-Chat Plant Expansion Project Snapshot ✓ AEM is a producer of high purity alumina (HPA) from a 2,000 tpa capacity production
Slide 7: HPA Market Overview
2 HPA Market Overview INVESTOR PRESENTATION 7
Slide 8: What is High Purity Alumina?
What is High Purity Alumina? HPA is a specialised form of aluminium oxide that is a critical input for a range of commercial applications Specialised form of aluminium oxide... ...with a powerful blend of properties... ..suitable for use in attractive end-markets High thermal conductivity and ✓ Synt
Slide 9: Global Demand in HPA End-Markets
Global Demand in HPA End-Markets HPA is leveraged in high-growth, premium end-markets with robust demand fundamentals Applications Synthetic Electronics and Other and Emerging Sapphire Semiconductors Batteries Applications ▪ Used to produce high-quality ▪ Used in semiconductor ▪ Used to produce cath
Slide 10: Semiconductors – exceeding CM Group estimates
Semiconductors – exceeding CM Group estimates Data centres and AI is driving chip demand, performance improvements, and rapid increase in use of HPA FABRICATION Ceramic Objects Chemical Mechanical Polishing (CMP) 2026 to 2029 growth 100 tpa 4N 2026 to 2029 growth 600 tpa HPA OPERATION ASSEMBLY Trans
Slide 11: Overview of Global HPA Supply
Overview of Global HPA Supply China is the largest producer with production geared toward synthetic sapphire - imports approximately 2,000 tpa HPA for demanding applications – AEM target market Capacities of HPA Producers in 2024 Breakdown of Global Supply3 Tonnes per annum 4N+ HPA Supply in 2024, %
Slide 12: HPA Demand and Supply Dynamics
HPA Demand and Supply Dynamics Strong demand growth combined with sluggish side supply response to lead to a sustained supply deficit from 2029 Global HPA Supply and Demand Outlook Overview Kilotonnes per annum, 4N/4N+ HPA ▪ Global demand for high-end 4N/4N+ HPA saw a 13.6% CAGR: ~10.0% CAGR from 20
Slide 13: HPA Pricing Dynamics
HPA Pricing Dynamics Tight market conditions and forecast undersupply expected to drive meaningful increase in HPA pricing HPA Pricing Dynamics 4N/4N+ HPA Pricing Forecast HPA Product Pricing (US$/kg) Form Region 2025 2026 Long-term Speciality ▪ Creates a strong interdependence Product between custo
Slide 14: Global Industry Production Cost Curve
Global Industry Production Cost Curve CM Group estimates AEM to have lower production costs than rest of world producers while delivering the same or higher quality HPA product Historically Today Outlook Dominated by two distinct groupings: ▪ New ROW producers (AEM) are entering the HPA ▪ A clear ne
Slide 15: Company Overview
3 Company Overview INVESTOR PRESENTATION 15
Slide 16: History of AEM
History of AEM Since acquiring the Cap-Chat Plant in April 2020, AEM successfully resolved equipment selection issues at Cap- Chat, and has expanded and re-commissioned the plant for commercial scale production Plant’s Prior Ownership Plant’s Ownership Under AEM Construction of AEM acquired AEM reso
Slide 17: Strategically Located Operations
Strategically Located Operations The Cap-Chat Plant is in the Canadian Province of Quebec, benefiting from a stable, advanced economy, locally sourced feedstock, and low-cost renewable energy Map of Canadian Operations Operational Advantages 1 Politically stable and business friendly ✓ jurisdiction
Slide 18: Cap-Chat Plant Project
Cap-Chat Plant Project As part of Stage 1, AEM completed its initial two-year capital works program to deliver a commercially sized operation with a current nameplate production capacity of 2,000 tpa Cap Chat Plant Overview A large white building with a few cars parked in front of it AI-generated co
Slide 19: Patented Process and Technology
Patented Process and Technology AEM’s proprietary and patented production process has low unit and carbon costs AEM’s Patented Chloride Leach Crystallisation Purification Process (CLCP) Intellectual Property Hydrometallurgical Section Pyrometallurgical Section Final Processing 15 Patent Families Fee
Slide 20: Industry Leading Carbon Emissions Profile
Industry Leading Carbon Emissions Profile Cap Chat produced HPA and feedstock benefit from renewable energy from Hydro-Quebec Carbon Emissions Profile of HPA Production Methods tonne CO2e per tonne of production 12.3 ~77% ~83% Lower total emissions Lower total emissions in feedstock production in fe
Slide 21: The Montreal Technology Development Centre
The Montreal Technology Development Centre The Montreal Technology Development Centre provides research and product development services that deliver further strategic and operational benefit to AEM ...driving further strategic and financial benefit to AEM Continued focus on innovation in production
Slide 22: Plant Expansion
4 Plant Expansion INVESTOR PRESENTATION 22
Slide 23: Staged Expansion Plan Overview
Staged Expansion Plan Overview Staged expansion strategy delivered 2,000 tpa nameplate capacity in 2025, and with a defined path to 6,000 tpa capacity in 2029 Overview of Staged Expansion of AEM’s Production Capacity Maximum Production Capacity, Tonnes per annum Stage 2 Expansion Project ✓ Doubles S
Slide 24: Stage 1 Expansion Project Overview
Stage 1 Expansion Project Overview AEM successfully delivered production capacity of 2,000 tpa HPA, with a further 1,000 tpa in capacity on schedule to be delivered by mid 2026 Pathway Stage 1 Capital Works Program Delivery Timetable ✓ AEM successfully delivered the Stage 1 Expansion Item Completion
Slide 25: Stage 2 Expansion Project Overview
Stage 2 Expansion Project Overview AEM has plans to double capacity to 6,000 tpa through a Stage 2 Expansion Project, which would be located adjacent to the existing Stage 1 Plant Expansion Project Overview Expansion Layout ▪ Stage 2 expansion PFS has been completed in June 2025. Positive Stage 2 PF
Slide 26: Stage 2 Expansion Project Economics
Stage 2 Expansion Project Economics Financial model for Cap-Chat Plant Stage 2 Expansion PFS highlights robust economics across the project life Stage 2 PFS Metrics at Steady State Production Overview Financial Metrics Based on Pre-Feasibility Study ▪ WSP conducted an engineering review of AEM’s Pre
Slide 27: Staged Expansion Plan Timetable
Staged Expansion Plan Timetable A clear path to 6,000 tpa HPA capacity by 2029 2025 2026 2027 2028 2029 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Stage 1 Expansion Project Complete Installation of 2k tpa Capacity Ramp-up to 2k tpa Capacity Procurement, Installation and Commissionin
Slide 28: Sales and Marketing
5 Sales and Marketing INVESTOR PRESENTATION 28
Slide 29: Global Sales Infrastructure
Global Sales Infrastructure Dedicated in-house sales team with deep industry and sales experience complemented by a global network of distributors and agents Global sales infrastructure in place... ....providing robust coverage of end-markets In-house Sales Team Distributors / Agents In-house Sales
Slide 30: Customer Pipeline
Customer Pipeline The customer pipeline overall has continued to grow since December with increase in industrial trials reflecting customer interest in ultra low alpha HPA Focus on commercialisation has forged a robust customer pipeline... ...with customers seeking AEM’s... ~US$134m1 ~5,112 ~US$26.2
Slide 31: Examples of Qualification Process
Examples of Qualification Process HPA has a wide range of downstream applications, and the qualification processes required by customers can vary significantly, due to differences in product types and application scenarios Customer 1 Customer 2 Customer 3 Customer 4 ▪ Sector: Semiconductor ▪ Sector:
Slide 32: Market Conditions and Outreach
Market Conditions and Outreach Strong customer demand, fueled by growth in key end markets and favourable supply-side factors, is driving increased interest and engagement in AEM’s HPA products from a diverse range of international customers AEM’s competitive advantages are resonating with customers
Slide 33: Board and Management
6 Board and Management INVESTOR PRESENTATION 33
Slide 34: Management Team
Management Team AEM’s management team has the requisite skills and experience to oversee plant development and long-term operational success Key Management Richard Seville Michael Adams Alexis Clark Executive Chairman Managing Director / CEO Chief Financial Officer ▪ Executive Chairperson of AEM sin
Slide 35: Non-Executive Directors
Non-Executive Directors1 Highly experienced and credentialed Board of Directors who remain firmly aligned in driving operational success Sir Richard Evans Leanne Heywood OAM Steve Petersohn Non-Independent, Non-Executive Director Independent, Non-Executive Director Independent, Non-Executive Directo
Slide 36: Closing Remarks
7 Closing Remarks INVESTOR PRESENTATION 36
Slide 37: Investment Highlights
Investment Highlights ✓ Innovative HPA producer capable of producing both purity levels up to 5N (99.999%) and uranium levels less than 1ppb Emerging Leader 1 in HPA ✓ Capacity expansion at the Cap-Chat Plant to 2,000 tpa delivered in 2025 placing AEM among world’s leading HPA suppliers Innovative a
Slide 38: Advanced Energy Minerals
ADVANCED ENERGY MINERALS
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