Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Bell Potter Unearthed Conference 2025
15 slides from Liontown's conference presentation, Feb 13, 2025
Slide 1: Delivering Ramp-up through Operational Excellence
DRAFT – NOT FOR FURTHER DISTRIBUTION For personal use only Delivering Ramp-up through Operational Excellence Tony Ottaviano Managing Director and CEO Bell Potter Unearthed Conference 13 February 2025 ASX: LTR ltresources.com.au
Slide 2: Important Information
Important Information Important Information For personal use only This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, 'guides', ‘expects’, 'anticipates', 'indicates' or ‘intends’ and variations of these words
Slide 3: Agenda
Agenda 1. Liontown strategy For personal use only 2. December quarter market update 3. Kathleen Valley December quarter update 4. Questions 3
Slide 4: Liontown's Strategy
Liontown’s Strategy For personal use only The best strategies endure the cycles; ours is unchanged. Kathleen Valley Downstream Expansion Liontown Full Potential Full Potential Become a vertically integrated Expand portfolio through organic supplier to capture higher margins, growth, value accretive
Slide 5: December quarter market update
For personal use only December quarter market update 5
Slide 6: Lithium demand outlook remains strong and resilient
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Lithium demand outlook remains strong and resilient Lithium demand by end use Spodumene supply balance For personal use only (lithium demand, kt LCE) (spodumene concentrate inventory balances, kt LCE) 3,000,000 50 2,500,000 - CAGR (50) 2,000,000 E
Slide 7: EV sales remain strong but prices too high ex-China
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES EV sales remain strong but prices too high ex-China Global EV sales growth remains robust EV sales weakness ex-China is a pricing problem For personal use only +23% Weighted average of the base price comparison YTD Sept-24 (US$ thousands) Jan-Dec
Slide 8: China is building the future
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES China is building the future Consumer concerns around long-range EVs are being addresses as China leads the way in developing EVs with groundbreaking 1,000km range, with 11-15-minute recharge time1 and affordability For personal use only 1. The Ze
Slide 9: Continue to see supply / demand dynamics shift through Q4 CY2025
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Continue to see supply / demand dynamics shift through Q4 CY2025 Production of Chinese lepidolite and spodumene has flattened… While Chinese Lithium Carbonate Consumption Continues to Grow (LCE Tonnes) (LCE Tonnes) For personal use only Consumptio
Slide 10: Supply curtailments in brownfields beginning to impact forecasts
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Supply curtailments in brownfields beginning to impact forecasts Forward forecasts, which previously assumed a significant jump in production for 2025, are now factoring in some curtailments For personal use only and delayed output, which are set
Slide 11: Kathleen Valley December quarter update
For personal use only Kathleen Valley December quarter update 11
Slide 12: Highlights - December Quarter 2024
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Highlights - December Quarter 2024 Kathleen Valley ramp-up continued to deliver strong performance, achieving positive For personal use only net cashflow from operating activities in just the second quarter post first production Mining Processing
Slide 13: Strong performance in mining and plant operations
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strong performance in mining and plant operations Mining Processing For personal use only Underground development advancing on schedule to deliver first stoping production Lithia recoveries on track, targeting 70% by Q3 FY26… ~70% Q2 FY25 Avg: 55%
Slide 14: Kathleen Valley positioned for growth
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Kathleen Valley positioned for growth For personal use only • Kathleen Valley’s tier-1 resource, jurisdiction and customers provide basis to adapt to prevailing market ü Asset Quality conditions • Well positioned on the cost curve • Delivered glob
Slide 15: For more information
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES For personal use only For more information: Leanne Kite Investor Relations Liontown Resources lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 22 ABNNovember 2022 39 118 153 825 ASX:LTR ASX : LTR ltresources.com.
Liontown Resources — Bell Potter Unearthed Conference 2025 on 6ix