Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Q1 FY24 Earnings Presentation
28 slides from Pls's earnings presentation, Oct 26, 2023
Slide 1: September 2023 Quarterly Activities Presentation
Powering a sustainable energy future For personal use only September 2023 Quarterly Activities Presentation Investor conference call covering the September 2023 Quarterly results will be held 6.00am (WST) / 9.00am (AEDT) – 26 October 2023 Options for participating in the call: Teleconference – for A
Slide 2: Delivering our strategy
Delivering our strategy 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 Chemicals Extract greater value along the battery materials supply chain produ
Slide 3: Quarter highlights
Quarter highlights Production Sales Price For personal use only 144.2kt 146.4kt shipped US$2,240/t produced1 realised price2 Growth Chemicals Expansion First ore achieved POSCO JV plant Study commenced to from P680 Primary receives first potentially increase nameplate production Rejection Facility c
Slide 4: Operate
For personal use only Operate 4
Slide 5: Health and safety
Health and safety For personal use only 3.99 Total recordable injury frequency rate (TRIFR)1 1.82 (target 1.0) Safety Interactions2 completed per 1,000 hours 24.5% Female employment 1. Rolling 12-month indicator as at 30 September 2023. 2. Safety interaction is a leading indicator. The measurement i
Slide 6: Strong operational quarter – delivered to plan
Strong operational quarter – delivered to plan Quarter on quarter performance For personal use only • Pilgangoora Operations production delivered to plan in Q1 176.3 FY24 with scheduled maintenance shutdowns, including for P680 tie-ins, impacting production. 162.1 162.8 • FY24 production to be more
Slide 7: Grow
For personal use only Grow 7
Slide 8: P680 - Primary Rejection Facility commissioned
P680 - Primary Rejection Facility commissioned For personal use only Construction works completed safely with no major injuries throughout the project Dry and wet commissioning of the plant commenced First Ore achieved and ramp up to nameplate capacity in progress – targeting full run rate by the en
Slide 9: Expansions underway to increase production: P680
Expansions underway to increase production P680 – Crushing and Ore Sorting Facility For personal use only under construction Integrated crushing and ore sorting facility schematic Crushing and ore sorting facility concrete poured 9
Slide 10: Expansions underway to increase production: P1000
Expansions underway to increase production P1000 Expansion For personal use only under construction Pilgan Plant schematic P1000 earthworks commenced i) existing plant infrastructure in dark grey ii) P1000 Project Expansion in dark blue 10
Slide 11: 35% increase in Pilgangoora Ore Reserve
35% increase in Pilgangoora Ore Reserve For personal use only • Pilgangoora Ore Reserve increased by 55 Mt to 214 Mt following FY23 drill program and Mineral Resource update1 • Extends Pilgangoora Operations’ mine life by ~9 years to ~34 years2 • Study commenced to explore potential further expansio
Slide 12: Chemicals
For personal use only Chemicals 12
Slide 13: 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 ~5.2% >16% >99% purity lithia content1 lithium metal technical grade battery grade 2 3 1. Average
Slide 14: Downstream chemicals facility with POSCO
Downstream chemicals facility with POSCO 18% equity interest with call option to increase to 30% in For personal use only a 43,000 tpa lithium hydroxide facility in Gwangyang, South Korea in joint venture with POSCO Train 11 advised 77% complete with commissioning expected to commence in Q2 FY24 Tra
Slide 15: Diversify
For personal use only Diversify 15
Slide 16: Strategic partnering process
Strategic partnering process Opportunity to access lithium raw For personal use only materials from a world-class deposit Partnership opportunity with Pilbara Minerals on downstream lithium conversion facility in a mutually agreed location Long-term lithium supply up to 300,000 tpa spodumene concent
Slide 17: September Quarter Financials
For personal use only September Quarter Financials 17
Slide 18: Q1 FY24 – Operational and Financial Metrics
Q1 FY24 – Operational and Financial Metrics Summary Operational and Financial Metrics1 For personal use only Units Q4 FY23 Q1 FY24 (%) • Group revenue declined by 42% in the Quarter to Production volume kt 162.8 144.2 (11) $493M driven by 31% decrease in average realised Kt sales price and planned l
Slide 19: Q1 FY24 cash flow reflects strong cash margin and final FY23 dividend
Q1 FY24 cash flow reflects strong cash margin and final FY23 dividend Cashflow bridge – 30 June 2023 to 30 September 2023 For personal use only • Cash Margin from Operations remained strong in the Q1 FY24 period at $360M, notwithstanding lower realised prices Cash Margin from Operations $360m Intere
Slide 20: Markets
For personal use only Markets 20
Slide 21: Long term lithium deficit
Long term lithium deficit Expected deficit For personal use only 7,000,000 Operational in lithium by 2040 is Secondary the equivalent of 6,000,000 Potential Demand 13–21 Pilgangooras 1 5,000,000 dependent on potential supply coming online 4,000,000 LCE Mt 3,000,000 Source: Benchmark Mineral Intellig
Slide 22: Questions
For personal use only Questions 22
Slide 23: Contact
For personal use only CONTACT Investor Relations James Fuller Manager Investor Relations T: +61 (0) 488 093 763 James.Fuller@pilbaraminerals.com.au Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 Follow us on 23
Slide 24: Appendices
For personal use only Appendices Additional operational and financial information 24
Slide 25: Physicals summary
Physicals summary For personal use only Total Ore Mined and Processed UNITS Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Ore mined wmt 1,442,545 1,095,739 1,225,563 1,271,150 1,411,017 Waste material wmt 6,540,334 6,360,951 6,572,687 7,311,878 7,741,062 Total material mined wmt 7,982,879 7,456,690 7,798,
Slide 26: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 26 October 2023. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an o
Slide 27: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects For personal use only 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
Slide 28: Pilgangoora Mineral Resources and Ore Reserves
Pilgangoora Mineral Resources and Ore Reserves (slide 11) For personal use only Notes Category Tonnes Li20 Ta2O5 Fe2O3 Li2O Ta2O5 1. Totals may not add up due to rounding. 2. All Open-pit Ore Tonnes are defined using the weighted average cost and recovery of the (Mt) (%) (ppm) (%) (Mt) (M lb) Pilgan