Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Diggers and Dealers 2020
19 slides from Pls's conference presentation, Oct 12, 2020
Slide 1: Positioned for the future
For personal use only Positioned for the future Diggers and Dealers – Kalgoorlie, W.A. October 2020 ASX: PLS
Slide 2: Important Notices
Important Notices For personal use only Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara”) and is dated 12/10/2020. This document is provided for informational purposes and does not constitute or contain an offer, invitation, solicitation
Slide 3: Important Notices
Important Notices For personal use only U.S. Securities Laws Any securities issued by Pilbara Minerals have not been and will not be registered by Pilbara Minerals under the United States Securities Act of 1933 (“U.S. Securities Act”). Accordingly, such securities may not be offered or sold in the U
Slide 4: Company overview
Company overview For personal use only • $835M1 market cap • $86.3M2 cash balance • 100% owned Pilgangoora Lithium-Tantalum Project • 40+ years mine life (with existing processing capacity) • Products: ‐ ~6% Li2O spodumene concentrate ‐ +5% primary tantalite concentrate • Multi-stage mine expansion
Slide 5: Operational achievements
Operational achievements Recovery Reduced costs Moderated improvements Targeting US$320-$350/dmt (CFR production For personal use only Material improvement in lithia China) with improved plant operating Production strategy conserves recovery to product run time working capital Production and sales S
Slide 6: Production
Production Moderated production strategy deployed over the last 12 For personal use only months, aligning production to sales and inventory, preserving working capital during soft market conditions. 70,400 Quarterly spodumene concentrate (dmt) 60,400 50,400 40,400 30,400 20,400 10,400 400 Q1 FY20 Q2
Slide 7: Production aligned to customer demand
Production aligned to customer demand Spodumene concentrate • Produced 90,768 dmt For personal use only • Shipped – 116,256 dmt Moderated • Tantalite concentrate • Produced 86,991 lbs • Shipped 143,336 lbs production strategy delivers Continued to achieve sales Spodumene concentrate • Total sales- $
Slide 8: COVID-19 response protecting our people, community and operations
People Operations Health checks and screening. Increased sanitation and cleaning. Reduction of people movements. Activation of response plans and For personal use only Engagement on personal hygiene and procedures. health responsibilities. Social distancing in transportation and Mental health initia
Slide 9: US$110M finance facility
For personal use only US$110M Conventional Principal finance ~5% interest repayments finance facility rate facility BNP Paribas and Clean Energy delayed Finance Corporation average all-in interest rate until September 2021 5 year, senior secured facility underpins financial strength and reduces oper
Slide 10: UK and Europe driving EV demand
UK - Subsides of up to £3,000 likely to increase to For personal use only £6,000 - £1B investment in new charging points France - Plans for subsidies of up to €12,000 - Reducing some EV prices by 40% UK and Europe driving EV demand Germany - Subsidies of up to €9,000 - Pure EV vehicle tax exemption
Slide 11: EV adoption
United Kingdom France For personal use only EV adoption UK and Europe set to become the world’s largest EV market during 2020, overtaking China Germany Switzerland A market that will be dominated by high- nickel cathode batteries driving lithium hydroxide demand Chart: CleanTechnica Source: EAFO 11
Slide 12: Sustainability
For personal use only Sustainability To contribute to a sustainable future through responsible operations and ethical business practices that deliver economic returns to our shareholders and create shared value in our communities. A responsible and Great people that go Make a positive ethical operat
Slide 13: FY20 sustainability performance
FY20 sustainability performance For personal use only • Alignment with 4th edition of the ASX Corporate Governance Principles and Recommendations • Anti-bribery and Corruption Policy adopted • No reported breaches of relevant policies and in full compliance with legal and regulatory obligations • Mo
Slide 14: FY20 sustainability performance
FY20 sustainability performance For personal use only • No work-related fatalities or serious injuries or incidents • TRIFR of 5.15, three reportable incidents • Mental Health Strategy developed • 24 accredited Mental Health First Aiders • 19% female representation • Reduction in turnover rate to 19
Slide 15: FY20 sustainability performance
FY20 sustainability performance For personal use only • Operating licence and native title and heritage agreements in place • Climate Change position statement adopted • Initial risk and opportunity assessment against Taskforce on Climate-related Financial Disclosures • Adoption of Sustainability Co
Slide 16: Great partners
Great partners Global, high quality, leading For personal use only 16
Slide 17: Our plan for FY21
Our plan for FY21 For personal use only Operations Diversify • Continue to align production with customer • Evaluate downstream participation including a demand with the aim of securing sales to potential joint venture with POSCO to develop achieve annual production of ~330,000 dmt 6% and operate a
Slide 18: pilbaraminerals.com.au
For personal use only ASX: PLS pilbaraminerals.com.au Follow us on
Slide 19: FY20 results summary
Sustained Trending high towards a target For personal use only of $320-$350/dmt recoveries (CFR China SC6.0 basis) FY20 $84.2M $115M sales spodumene concentrate equity raised results $86.3M US$110M cash balance debt facility secured following refinancing subsequent to as of 30 June 2020 FY20 year en