5e Advanced Materials, Inc. · NASDAQ:FEAM
5e Advanced Materials — Investor Presentation (May 2023)
21 slides from 5e Advanced Materials's investor presentation, May 2023
Slide 1: 5E Advanced Materials Investor Presentation
5E Advanced Materials Investor Presentation The future of Boron is 5E May 2023 1 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS The information in this Presentation includes “forward looking statements”. All statements other than statements of historical fact included in this Presentation regarding our business strategy, plans, goals and objectives are forward looking statements. When us
Slide 3: Technical Report Updates
Technical Report Updates 3 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 4: 5E Boron Americas Complex: By The Numbers
5E Boron Americas Complex: By The Numbers S-K 1300 Initial Assessment - Technical Report Summary 31 Years $2.41B 23% US$13.0B US$101.2M – 62.1% Life of Mine After-tax IRR EBITDA - EBITDA After-tax NPV8% LOM Net Cashflow margin in FY2027 90ktpa Boric Acid $373M 74.3Mt at 4.15% B2O3, 450ktpa Boric Aci
Slide 5: Phased CAPEX Schedule
Phased CAPEX Schedule • Each 90kstpa train will have 2-step Commercial Commercial Commercial crystallization (crude and final) to Total achieve technical grade boric acid Phase 1 Phase 2 Phase 3 purity • 25% CAPEX Contingency included 90,000 short tons One Train • Increased CAPEX due to additional 1
Slide 6: Key Economics NPV, US$M
Key Economics 2027 2030 2035 2040 2045 2050 Revenue ($m) $162.9 $575.0 $1,168.4 $1,354.5 $1,570.2 $1,820.3 Average Sales Price / st $1,810 $2,130 $2,596 $3,010 $3,489 $4,045 Operating Margin ($m) $64.4 $264.3 $480.2 $644.4 $850.1 $991.2 Cash Cost / st $686 $793 $1,079 $1,250 1,444 1,667 EBITDA ($m)
Slide 7: Robust Financial Profile
Robust Financial Profile $1,400 $1,200 Financial Projections (USD-M) $1,000 EBITDA after EBITDA afterPhase Phase1 2 $800 investment: $81,694 investment: $360.9M $600 EBITDA after Phase 1 $400 investment: $101.2M EBITDA after Phase 3 $200 investment: $621.9M - 2024 2026 2028 2030 2032 2034 CAPEX Reve
Slide 8: Pricing – Boric Acid Forecast and Price Drivers
Pricing – Boric Acid Forecast and Price Drivers Boric Acid Price Forecast1 ~$55 Trillion ~145M “Green” Energy Infrastructure Global Electric Vehicle Investment (2016-2050) Growth (2020-2030) ~30% CAGR 5.8% CAGR Global Electric Vehicle Stock Global Installed Wind & Growth (2020-2030) Solar Capacity (
Slide 9: Confluence of Demand Growth and Growing Supply Shortfall
Confluence of Demand Growth and Growing Supply Shortfall Boron Demand Growth(1) Supply / Demand Imbalance(1) (k tonnes; boric acid equivalent) (k tonnes; boric acid equivalent) 50,000 14,000 +10x Growth Expected Widening of .... BORON+ Supply 12,000 Gap Over Time 10,000 10,000 +2x Growth 8,000 8,000
Slide 10: Funding Model for Phase 1
Funding Model for Phase 1 FEAM Shareholders Offtake Prepayments Equity Funding Institutional Retail Boric Acid Lithium Investors Investors Potential Investors U.S. Govt Grants Phase 1 Capex: Equity US$389M Debt Royalty Funding Debt Funding Commercial Banks U.S. Government Loans Higher Debt Funding C
Slide 11: Upcoming Project Milestones – Schedule
Upcoming Project Milestones – Schedule CY Indicative Schedule 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 EPA Authorization to Inject Initial Plant Wellfield Commissioning Boric Acid/Gypsum Commissioning Initial Plant Operation / Data Collection FEL-2 Study Operations FEL-3 Study Phase 1 Detailed Engine
Slide 12: Innovation through Sustainability
Innovation through Sustainability 12 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 13: Sustainability is an Important Focus of our Business
Sustainability is an Important Focus of our Business Building Blocks of 5E’s Sustainability Strategy PRODUCTION IMPACTS ENERGY TRANSITION Consume fewer resources Applications enable decarbonization ▪ In-situ extraction ▪ Emissions reduction ▪ Closed loop water use ▪ UN Sustainable Development Goals
Slide 14: 5E Boron Americas Complex – Small Scale Facility
5E Boron Americas Complex – Small Scale Facility Solution Mining 5 E Boron Americas Complex – March 2023 Schematic showing well field and solution mining production wells 5 E Boron Americas Complex – March 2023 Suitable Ore Body for In-Situ Solution Mining Production History Fort Cady ore body is hi
Slide 15: Rio Tinto Borates production
Rio Tinto Borates Reserves expire in 2042 Rio Tinto Boron BA (H3BO3) production 1,000 Tons of Boric Acid equivalent 900 800 700 600 500 400 300 200 100 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Rio Tinto Borates Mine CONFIDENTIAL - INTERNAL USE ONLY 15
Slide 16: Appendix
Appendix 16 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 17: Key Investment Highlights
Key Investment Highlights Large and Rare Asset Large and rare mineral resource in a strategic U.S. location designated as critical infrastructure by the U.S. government Accelerating Demand Growth Anticipated boron supply gap due to lack of new projects and increasing demand Strategic Location Locate
Slide 18: Estimate of Initial Capital Costs for Each Phase
Estimate of Initial Capital Costs for Each Phase Stage 1 Stage 2 Stage 3 Total Capital Required: Total Capital Required: Total Capital Required: US$389M US$620M US$947M Values in USD-M $13 $16 $67 $164 $15 $246 $72 $19 $160 $246 $108 $153 $15 $45 $68 $183 $24 $5 $74 $21 $16 $30 $33 $45 $22 $48 $48 P
Slide 19: Large, High-Grade Boron Resource with Lithium Co-Product
Large, High-Grade Boron Resource with Lithium Co-Product Resource Statement* Tonnage B2O3 H3 BO3 Lithium B2O3 H3 BO3 LCE Measured Resource (MST) (wt%) (wt%) (ppm) (MST) (MST) (MST) Total Measured Resource 30.95 4.81 8.55 357 1.49 2.65 0.059 Total Indicated Resource 43.35 4.09 7.27 355 1.77 3.15 0.08
Slide 20: 5E Boron Americas Complex Overview
5E Boron Americas Complex Overview ✓ 100% owned resource located in California ✓ Key permits in place to deliver initial commercial production of up to 90ktpa ✓ We believe we have one of the largest known new conventional deposits globally, not owned by the Turkish Government controlled entity, Eti
Slide 21: Leadership Team With Diverse Skillsets and Proven Execution Capabilities
Leadership Team With Diverse Skillsets and Proven Execution Capabilities Leadership Team Susan Brennan Paul Weibel J.T. Starzecki Chief Executive Officer Chief Financial Officer Chief Marketing Officer Chantel Jordan Christopher Knight Senior Vice President, General Vice President, Operations Counse
5E Advanced Materials — Investor Presentation (May 2023) on 6ix