Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Diggers & Dealers Conference 2023
32 slides from Pls's conference presentation, Aug 7, 2023
Slide 1: Growing a major lithium materials business
Growing a major For personal use only lithium materials business Dale Henderson Managing Director and Chief Executive Officer ASX: PLS Monday 7 August 2023 Diggers & Dealers Conference, Kalgoorlie 1
Slide 2: Pilbara Minerals
Pilbara Minerals ASX 50 I Largest, independently owned, hard-rock 620,000t For personal use only lithium company in the world spodumene concentrate produced in FY23 $15.0B market capitalisation1 $3.3B cash balance2 2
Slide 3: Amazing growth journey with more to come
Amazing growth journey with more to come Major milestones achieved along the way For personal use only 2017 2018 2019 2020 2021 2022 2023 Initial Strategic Commercial Re-finance – Altura POSCO JV US$100M relationship production at new senior acquisition finalised Nordic Bond, formed with Pilgangoora
Slide 4: A transformational year
A transformational year Major milestones achieved in the 2023 financial year For personal use only FY23 FY24 Q1 Q2 Q3 Q4 Q1 Record quarter FID Mid-Stream Accelerated growth $250M Aus Govt and P680 construction Demonstration Plant mandate endorsed new US$113M contract awarded for production by Board
Slide 5: Expanding lithium deficit
Expanding lithium deficit 7 For personal use only Expected deficit 6 in lithium by 2040 is the Operational equivalent of 12 - 20 5 Secondary Potential (LCE Mt) Demand 4 3 3 Pilgangooras dependent on potential supply coming online 2 1 0 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040
Slide 6: Our Strategy
For personal use only Our Strategy 6
Slide 7: To be a leader in the provision of sustainable battery materials products
For personal use only Operate Deliver our operating performance commitments To be a leader Grow Achieve the full potential of the Pilgangoora asset in the provision of sustainable battery materials products Chemicals Extract greater value along the battery materials supply chain Diversify Diversify
Slide 8: Operate
For personal use only Operate 8
Slide 9: Strong production increases
Strong production increases Successful multi-year production growth For personal use only 620 64% growth in production 378 in FY23 (kdmt) 281 175 91 FY2019 FY2020 FY2021 FY2022 FY2023 9
Slide 10: Strong cash balance
Strong cash balance Increase in production and strong cash margin from operations For personal use only 3,500.00 $3.3B Cash 3,000.00 2,500.00 ($M) 2,000.00 $M 1,500.00 1,000.00 $920M 500.00 Cash Margin from Operations for 0.00 Q4 FY234 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Cash Cas
Slide 11: Grow
For personal use only Grow 11
Slide 12: Spodumene concentrate production
Spodumene concentrate production Rapid production growth continuing with construction underway For personal use only Production Expanded nameplate capacity >10006 successful exploration, studies and approvals7 ~ 70% Future expansion potential subject to FID made construction to commence 6805 6 (kdmt
Slide 13: Expansions to increase production
Expansions to increase production For personal use only P680 – under construction P1000 – long lead equipment ordered Pilgan Plant schematic - primary rejection 3D design model (existing plant Pilgan Plant schematic i) existing plant infrastructure in dark grey infrastructure in greyscale) ii) P1000
Slide 14: Global spodumene production capacity
Global spodumene production capacity For personal use only Spodumene production capacity vs peers8 Production Post ramp up of the P1000 expansion, Pilgangoora Spodumene concentrate capacity (ktpa) Development and exploration is expected to be the second largest producing 1,000 hard rock lithium mine
Slide 15: Drilling continues to add Resource tonnes
Drilling continues to add Resource tonnes For personal use only 450 450 109Mt Total 414Mt 300 300 Mineral RC & DD Drilled Metres (Km) January 2021 Altura acquisition Resource10 Tonnes (Mt) FY23 Drilling campaign Resource 150 150 Ore Reserve (Mt) Reserve update (Mt) pending 0 0 Jun-14 Jun-15 Jun-16 J
Slide 16: Globally significant lithium resource
Globally significant lithium resource Global hard-rock lithium project landscape (bubble size represents Resource LCE)11 For personal use only 2.0% Development & Exploration Production 1.8% 1.6% Resource Li2O grade (%) 1.4% Pilgangoora (7 Aug 2023) Pilgangoora (30 Jun 2022) Greenbushes 1.2% 1.0% Wod
Slide 17: Chemicals
For personal use only Chemicals 17
Slide 18: Strategically positioned to capture value across the lithium supply chain
Chemicals Strategically positioned to capture value across the lithium supply chain For personal use only Upstream Mid-Stream Downstream Spodumene concentrate Lithium enriched product Lithium hydroxide ~5.3% >35% >99% purity lithia content12 lithia content13 battery grade14 18
Slide 19: Mid-Stream to target reduced carbon intensity
Mid-Stream to target reduced carbon intensity For personal use only • R&D demonstration plant with Calix to demonstrate electric kiln technology • 80% potential calcination emission intensity reduction15 via electric calcination • Potential higher value adding at the resource • FID achieved – constr
Slide 20: Downstream chemicals facility with POSCO
Downstream chemicals facility with POSCO Up to 30% equity participation in a 43k tpa lithium hydroxide facility in Gwangyang, South Korea For personal use only in joint venture with POSCO 20
Slide 21: Diversify
For personal use only Diversify 21
Slide 22: Strategic partnering process
Strategic partnering process Opportunity to access lithium raw materials from a world-class deposit Partnership For personal use only opportunity with Pilbara Minerals on downstream lithium conversion facility in a mutually agreed location Long-term lithium supply up to 300,000tpa spodumene concentr
Slide 23: Sustainability
For personal use only Sustainability 23
Slide 24: Sustainability and community investment
Sustainability Community investment Focused on making a positive contribution, minimising our • Multi-year partnerships with Earbus impact and maximising opportunities Foundation, Smith Family, Teach, For personal use only Learn, Grow, Women’s Legal Service • Strelley Community Renewable Energy and
Slide 25: Making a difference in the world
Making a difference in the Strelley Community Renewable Energy and world Lithium Battery project For personal use only • Funded in partnership with Pacific Energy • Comprises a 44.2kW of solar PV (96 solar panels) and 144kWh lithium battery • Reduces reliance on diesel generations and saves more tha
Slide 26: Thank you
For personal use only Thank you Follow us on pilbaraminerals.com.au ASX: PLS 26
Slide 27: Appendices
For personal use only Appendices Follow us on pilbaraminerals.com.au ASX: PLS 27
Slide 28: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated Monday 7 August 2023. Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitation,
Slide 29: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects Information in this presentation regarding expansions in nameplate capacity of the Pilgan Plant in respect of the P680 and P1000 projects are underpinned by the Company’s existing Ore Reserv
Slide 30: Appendix A – End Notes
Appendix A – End Notes 1. As at 4 August 2023. 2. As at 30 June 2023. 3. Source: Benchmark Mineral Intelligence 2022. June Quarter 2023 data. Assumed Pilgangoora production of 1Mtpa SC6.0, or 60kt of contained Li2O which has been converted to LCE at a 2.473 conversion factor (148ktpa LCE). The range
Slide 31: Appendix B - Supporting data: Spodumene production capacity
For personal use only Appendix B (slide 14) - Supporting data: Spodumene production capacity Source: Company filings as at 12 June 2023. Note: Current installed production capacity and where not available, annual production. Where an existing producer, developer, explorer has planned expansions and
Slide 32: Appendix C - Supporting data: Hard-rock Mineral Resources
Appendix C (slide 16) - Supporting data: Hard-rock Mineral Resources Resource Contained Contained Announcement Total Company1 Project name Stage Location Announcement title grade Li2O LCE date (Mt) (% Li2O) (Mt) (Mt)2 1 Pilbara Minerals Pilgangoora Production Australia Substantial 109Mt Mineral Reso