Syrah Resources Limited · ASX:SYR
Syrah Resources — Shareholder Meeting (May 2022)
19 slides from Syrah Resources's shareholder meeting presentation, May 20, 2022
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 20 May 2022 Shaun Verner – Managing Director & CEO -
Slide 2: Important notice and disclaimer
Important notice and disclaimer Investor Relations For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, Viren Hira invitation, solicitation or recommendation in relation to the purchase or sale o
Slide 3: Syrah's Value Proposition
Syrah’s Value Proposition For personal use only Electric Vehicles require graphite ● Electric Vehicle (“EV”) adoption is gaining momentum ● Anodes in lithium-ion batteries used in EVs are made of graphite Syrah’s vision is to be the Graphite is a strategic critical mineral world’s leading supplier o
Slide 4: Syrah's Positive ESG Profile
Syrah’s Positive ESG Profile For personal use only ✓ ISO:45001 and ISO:14001 certification at Balama ✓ ISO:9001 certification at Vidalia Leading ESG standards ✓ Vidalia expansion project being developed in line with best practice health, safety and environmental standards ✓ Critical Risk Management
Slide 5: Partnering with the community and stakeholders for sustainability
Syrah is committed to partnering with the community and stakeholders for sustainability For personal use only Local Development Economic Contribution Health Program Social Responsibility Delivering on local development $72.8M(1) USD paid in salaries in Improving the health and wellbeing of Adopting
Slide 6: Syrah is invested in Balama community development
Syrah is invested in Balama community development 2017 - $849,097 2018 - $652,762 For personal use only ✓ Chipembe MoU signed & commencement of repair ✓ Construction of the BPTC works ✓ 17 community groundwater boreholes built ✓ Local Development Agreement established ✓ Expansion of power line to Nt
Slide 7: Health and Safety is Syrah's highest priority
Health and Safety is Syrah’s highest priority For personal use only Balama Total Recordable Injury Frequency Rate (TRIFR) 0.9 0.6 0.5 0.5 0.5 Balama Vidalia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TRIFR 0.9 TRIFR 0.0 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Vidalia Tot
Slide 8: Health and Safety is Syrah's highest priority
Health and Safety is Syrah’s highest priority For personal use only Leading Practice Standards Training Compliance Malaria Mitigation Strategy Emergency Response ISO:14001 Occupational Health & Safety Training in mandatory competencies Several protocols and initiatives in place Drills and exercises
Slide 9: Best practice environmental standards maintained across operations
Best practice environmental standards are maintained across Syrah’s operations For personal use only Environmental Monitoring Water Management Tailings Storage Facility Waste Management ISO:14001 Environmental Management Continued focus on reducing raw water Maintaining a safe and efficient tailings
Slide 10: Syrah supports and empowers its people
Syrah supports and empowers its people to reach their full potential For personal use only Diversity & Inclusion Employee Engagement Learning & Development Local Employment Committed to achieving and maintaining Enhancing performance and engagement Prioritising the training, development 1,116(1) Moz
Slide 11: Making Syrah an important part of the EV value chain
Making Syrah an important part of the electric vehicle value chain For personal use only : Balama Graphite Operation • Ore Reserves 107Mt at 16% TGC1 (17Mt of contained graphite) underpinning a 50+ year mine life2 • Simple open pit operation, low stripping ratio, design Contract production capabilit
Slide 12: 2021 operational focus areas
2021 operational focus areas For personal use only Monitoring COVID-19 / security setting and adapt operations accordingly Strengthen Balama’s position in the global natural graphite market Deliver on restructured cost base at Balama to underpin resilient operations Progress to the Vidalia Initial E
Slide 13: Vidalia Initial Expansion construction and production timetable
Vidalia Initial Expansion construction and production timetable Key Project Milestones Achieved Defined Schedule to 11.25ktpa AAM Production at Vidalia For personal use only ✓ ✓ ✓ Early Works and Construction 11.25ktpa Start of Offtake Agreement FID Long-Lead Items Completion and AAM Run-rate Produc
Slide 14: Vision to become a leading supplier of anode products
Syrah’s vision is to become a leading supplier of anode products For personal use only AAM Vidalia, USA Production Potential2 Asia Tolling (>20ktpa) Base FID Taken BFS Underway Europe Potential Additional Potential Further Vidalia Customer Initial Expansion Expansion: Vidalia Expansion + Europe AAM
Slide 15: 2021 financial results summary
2021 financial results summary For personal use only Revenue (US$m) Net Profit/(Loss) After Tax (US$m) 72 2019 2020 2021 29 (57) (61) 11 2019 2020 2021 (131) Free Cash Flow (US$m)1 Cash and Cash Equivalents (US$m) 2019 2020 2021 81 75 53 (45) (54) (70) 2019 2020 2021 1. Free Cash Flow comprises Net
Slide 16: EV sales and anode production volumes continue to strengthen
EV sales and anode production volumes continue to strengthen For personal use only Global EV Sales (‘000 Units) Chinese Anode Production (kt) Q1 2022: +80% on Q1 2021 93 +53% 800 78 80 700 +97% 71 +110% 67 600 59 58 59 60 58 54 500 51 52 46 47 42 41 44 41 400 38 31 300 27 23 24 23 19 200 13 100 May-
Slide 17: Battery manufacturing capacity and anode material required to increase
Battery manufacturing capacity and anode material required expected to rapidly increase For personal use only Estimated Battery Manufacturing Capacity Pipeline (GWh)1,2 Graphite Battery Anode Material Requirement (kt)1,2 7,000 Global 1,000 Europe North America 7,000 China Europe North America Other
Slide 18: North American battery market is maturing rapidly
North American battery market is maturing rapidly to support a large-scale EV manufacturing base in the region For personal use only Location of Planned Battery Manufacturing Capacity in North America Planned Battery Manufacturing Capacity in North America1 Size Company Location Status / Start (GWh)
Slide 19: 2022 outlook
2022 outlook EV sales growth, constructive demand environment for For personal use only anode material and low levels of Chinese graphite inventory continues to drive strong demand and pricing Increasing Balama production beyond 15kt per month with consideration of market demand, forward customer co