Stardust Power Inc. · NASDAQ:SDST
Stardust Power — SPAC Merger (April 2024)
31 slides from Stardust Power's SPAC merger presentation, April 2024
Slide 1: Investor Presentation April 2024
3 Li 6.94 INVESTOR PRESENTATION April 2024
Slide 2: Forward-Looking Statements and Disclaimers (1/2)
Forward-Looking Statements and Disclaimers (1/2) The information inc lu ded herein and in any oral stat ements m ade in connection herew ith inc lude “forward - loo king statem ent s” within the m eaning of S ectio n 27A of the Securities Act of 1933, as amended (th e “Securities Act” and Section 21
Slide 3: Forward-Looking Statements and Disclaimers (2/2)
Forward-Looking Statements and Disclaimers (2/2) Important Information About the Business Combination and Where to Find It In co nnection w ith the proposed business comb inat ion, G PAC II has filed a Registration Stat ement w ith the SEC that in clu des a preliminary prospectu s wit h respect to G
Slide 4: Transaction Overview
TRANSACTION OVERVIEW Transaction Highlights Sources and Uses ($M) Deal Structure • The Stardust Power existing shareholders will roll 100% of their equity and will Sources Uses own a pro forma equity ownership of 77.6% at close • The GPAC sponsor will retain 3.0M promote shares at close Stardust Pow
Slide 5: GPAC II: Overview
Chandra R. Patel CHAIRMAN & CEO OF GPAC II GPAC II: Overview • Founder and Managing Partner at Antarctica Capital • Chairman of Endurance Acquisition Corp until De-SPAC GPAC II Overview • Global Partner Acquisition Corp. II (NASDAQ: GPAC; GPACW; GPACU) is a Nasdaq- listed special purpose acquisition
Slide 6: Stardust Power is Contributing to U.S. Energy Independence
Stardust Power is Contributing to U.S. Energy Independence with the Production of Battery-Grade Lithium Used in EVs I n ve s t o r P r e s e n t at i on 3 Li 6.94 2024 6
Slide 7: Stardust Power Inc. At a Glance
Stardust Power Inc. At a Glance • Development stage American manufacturer of battery-grade lithium products designed to supply the electric vehicle (EV) industry • Contributing to secure America’s leadership in the energy transition I n ve s t o r P r e s e n t at i on • Developing strategically
Slide 8: Key Investment Highlights
Key Investment Highlights One of the Largest Lithium Brine Refineries Geographic Advantage • Constructing one of the largest lithium refineries in the US • Centrally located near multiple US battery manufacturers • Annual battery-grade lithium capacity of up to 50,000 tonnes • Access to multiple U.S
Slide 9: Experienced Team
EXPERIENCED TEAM Roshan Pujari – Co-Founder, CEO Pablo Cortegoso – Co-Founder, CTO • CEO and Co-founder of Stardust. • Co-Founder and CTO of Stardust. • Over 20 years of experience in investments and transactio ns • 13 years of experience in civil and mining projects, and demonstrated expertise and
Slide 10: Diversified – Upstream and Midstream – with Strong Downstream Partners
STARDUST POWER TO BECOME ONE OF THE LARGEST U.S. LITHIUM SUPPLIERS Diversified – Upstream and Midstream – with Strong Downstream Partners Phase 1 Phase 2 Maximum Total Annual Lithium Capacity (in tonnes)1 25,000 50,000 Resource Ownership Lithium Refining (Battery Grade) I n ve s t o r P r e s e n t
Slide 11: Bridging the Gap is Critical
Bridging the Gap is Critical Critical Gap • Currently only 2% of global lithium is refined in the U.S. 1 4 . Material Refinement • We plan to aid in bridging the existing gap in domestic supply of battery grade lithium products • We plan to be diversified — upstream and downstream — in partnership w
Slide 12: Lithium Market Overview
3 Li 6.94 Lithium Market Overview
Slide 13: Macro Backdrop
Macro Backdrop Background1 • Generational shift in energy and transportation led by consumer demand and government and 56% policy incentives to reduce green house gas emissions In 2022, 56% of Global Refining Capacity was • Lithium plays a vital role in the electrification of our transportation and
Slide 14: Multiple Drivers of Unprecedented Lithium Demand
Multiple Drivers of Unprecedented Lithium Demand Global Market Demand Forecast for Lithium Ion Battery by Application (GWh)1 Lithium demand driven by more than 20-fold increase from use in EVs essential to the global electrification transition2 Total demand for lithium estimated to reach nearly I n
Slide 15: Battery Grade Supply and Demand Forecast (KT LCE)
SIGNIFICANT DEFICIT EXPECTED IN BATTERY GRADE LITHIUM Battery Grade Supply and Demand Forecast (KT LCE) "Investment has to continue, otherwise there will be more delays to (lithium) timelines that are already massively long" 3,000,000 - Tara Berrie of EV maker Rivian 2,500,000 “Something drastic nee
Slide 16: China's Share of Lithium Production in full year 2022
CHINA CONTROLS THE EV SUPPLY CHAIN China’s Share of Lithium Production in full year 2022 U.S. contributes less than 2% of world supply of lithium even though it holds 17% of global lithium reserves1 78% The U.S. has only one lithium-producing mine: Albemarle’s Silver Peak Mine in 70% Clayton Valley,
Slide 17: Up to $257 Million in State Incentives May Be Available
Up to $257 Million in State Incentives May Be Available Strong state support to strengthen Oklahoma’s industrial base. There are numerous incentives to take advantage of. I n ve s t o r P r e s e n t at i on Cash Incentives Strategic cash incentives are available through the City of Muskogee Foundat
Slide 18: U.S. Lithium Independence Is a Priority
U.S. LITHIUM INDEPENDENCE IS A PRIORITY Defense Production Act $500 Billion $3 Billion Lithium is a National Of Federal Grants Security Priority Estimated total spending and tax In 2022 President Biden ordered the Department of Defense The Department of Energy funding opportunitie s for to consider
Slide 19: Refinery Plant: Proposed Lithium Refinery
Refinery Plant: Proposed Lithium Refinery • Stardust Power has secured approximately 66 acres at Southside Industrial Park in Muskogee, Oklahoma to build the plant. • The strategic location is advantageous from a supply and offtake perspective. I n ve s t o r P r e s e n t at i on • The site has acc
Slide 20: Stardust Power Intends to Limit Technology Risk by Using Proven Technology Partners
SUCCESS THROUGH PEOPLE, PARTNERSHIPS AND PROCESS Stardust Power Intends to Limit Technology Risk by Using Best in Class, Established, Proven Technology Partners Site Due Diligence Partner Strategic Partners Focused on exploration and A leading global provider of services development of battery miner
Slide 21: Key Investment Summary
Key Investment Summary Unprecedented Lithium Demand • The worldwide lithium battery market is expected to grow by a factor of 5 to 10 in the next decade1 • Lithium demands are expected to reach 3.8 million metric tons by 2035 2 Lack of Battery Grade Lithium Product Supply I n ve s t o r P r e s e n
Slide 22: Appendix
~ STARDUST POWER ~ Appendix
Slide 23: Significant Battery Manufacturing Capacity (Gigafactories) Coming
LITHIUM MARKET | U.S. DEMAND Significant Battery Manufacturing Capacity (Gigafactories) Coming ~900 Total GWh Announced* Announced Annual EV Battery Manufacturing Capacity by 2030 ~775 I n ve s t o r P r e s e n t at i on KT of Battery Grade Lithium Products Estimated Demand by 2030 Stardust Power C
Slide 24: Support from Government and Industry
SUPPORT FROM GOVERNMENT AND INDUSTRY "First of all, batteries are the constraint here," Ford CEO Jim Farley told Yahoo Finance Live (video “By 2030, the United States and its partners will establish a secure battery materials and above). "Both lithium and nickel are really the key constraining commo
Slide 25: Local Workforce Development
SUCCESS THROUGH PEOPLE, PARTNERSHIPS AND PROCESS Local Workforce Development Quality Jobs Program1 Workforce Training & Job Placement Services2 • 5% of quarterly payroll reimbursed as cash incentive • Customized labor market analysis • 10+ new jobs in first three years • Talent Acquisition Services
Slide 26: A Central Refinery Has the Ability to Accept Multiple Inputs
CENTRAL REFINERY SUPPLY MODEL A Central Refinery Has the Ability to Accept Multiple Inputs Multiple sources of supply provides diversification of Stardust’s supply chain Central Refinery Produced Water from Oil & Gas Wells I n ve s t o r P r e s e n t at i on DLE Crystallization of Ship by Impurity
Slide 27: Flowsheet and Engineering in Phases is Based on Proven Technology
STANDARD PROCESS FLOWSHEET Flowsheet and Engineering in Phases is Based on Proven Technology I n ve s t o r P r e s e n t at i on 2024 Largest inland waterway network in the United States Source: Hatch LTD, Project Readiness Assessment, Unpublished confidential document, Weekly Meeting #3, September
Slide 28: The Refinery
I n ve s t o r P r e s e n t at i on 2024 THE REFINERY Largest inland waterway network in the United States *Architect plans for site 28
Slide 29: Certain Risk Factors (1/2)
Certain Risk Factors (1/2) Risks Related to Stardust Power’s Business, Industry and Economic Condition • Low-co st produc ers could d isru pt the market and be ab le to provide produ cts cheaper than the Combined Company. • Our lim ited history makes it d iff icu lt to evalu ate o ur bu siness and p
Slide 30: Certain Risk Factors (2/2)
Certain Risk Factors (2/2) • If we are unable to protect the conf identiality of our propriet ary information or trade secret s, o ur business • The reduct ion or eliminatio n of governm ent su bsidies and economic inc ent ives for alt ernat ive en ergy and competitive position may be harmed. techno
Slide 31: Contact Information
I n ve s t o r P r e s e n t at i on CONTACT INFORMATION CONTACT INFORMATION Investor.Relations@S tardus t -Power .co m info@gpac2.com +1 800 742 3095 +1 646 585 8975 Stardust Power, Inc. GPAC II 15 E Putnam Ave #378 200 Park Ave, Fl 32 Greenwich, CT 06830 New York, NY 10166 United States United Sta