Euro Manganese, Inc. · TSXV:EMN
Euro Manganese — Q4 2022 Earnings Presentation
17 slides from Euro Manganese's earnings presentation, Dec 20, 2022
Slide 1: Q4 and Year-End 2022 Conference Call
For personal use only Q4 and Year-End 2022 Conference Call December 19, 2022 Poised to Support the Energy Transition
Slide 2: Forward-Looking Statements and Risks Notice
Forward-Looking Statements and Risks Notice Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information For personal use only involve known and unknown risks, uncert
Slide 3: Agenda and speakers
Agenda and speakers For personal use only Agenda Speakers 1. Q4 Financial highlights & position 2. Q4 Highlights 3. 2022 Performance 4. 2023 Key catalysts 5. Q&A DR. MATTHEW JAMES MARTINA BLAHOVA President & CEO CFO 3
Slide 4: Q4 2022 Financial highlights and position
QUARTERLY HIGHLIGHTS Q4 2022 Financial highlights and position For personal use only Fully funded to final investment decision and ~ 12 months of corporate G&A Cash Balance – July 1, 2022 C$28.0 Completion feasibility study and other operating costs (2.3M) Demonstration plant – equipment and buildin
Slide 5: Driven by our purpose, guided by our values
SETTING OUT OUR PURPOSE, VISION AND VALUES Driven by our purpose, guided by our values For personal use only Our Purpose To help create a cleaner world by enabling the green energy transition. Our Vision To be the leading, environmentally responsible producer of high-purity manganese. Our Values 5
Slide 6: Q4 Overview
QUARTER HIGHLIGHTS Q4 Overview For personal use only Delivered several key milestones in Q4; well-positioned to continue momentum in 2023 1 Advanced the Chvaletice Project 2 Offtake tender process & project financing underway 3 Completion of x2 Life Cycle Assessments 4 Announced North American growt
Slide 7: Chvaletice Manganese Project – our flagship project
QUARTER HIGHLIGHTS Chvaletice Manganese Project – our flagship project For personal use only Project advanced through completion of Feasibility Study, commissioning of Demonstration Plant and EPCM process Chvaletice Project Advancements ▪ Commissioning of the demonstration plant underway ▪ On-spec s
Slide 8: Off-take tender process underway with parties across the value chain
QUARTER HIGHLIGHTS Off-take tender process underway with parties across the value chain For personal use only Increasing trend of backward integration, with Auto OEMs dominant in shaping industry relationships ▪ Lithium ▪ Nickel Financial support ▪ Cobalt & off-take ▪ Manganese Resource + Battery ce
Slide 9: Project financing strategy
QUARTER HIGHLIGHTS Project financing strategy Strategic Investment Private Offering Public offering For personal use only At project level, based on NAV At corporate level, based on ▪ EMN shareholders ▪ OEMs & key off-takers re-rated share price ▪ Institutional ▪ Industry strategics ▪ Institutional
Slide 10: Benchmarked LCA shows EMN's high-purity Mn has lowest CO2 footprint
QUARTER HIGHLIGHTS Benchmarked LCA shows EMN’s high-purity Mn has lowest CO2 footprint For personal use only LCA critical in potential customer discussions as well as supporting ESG credentials with financiers HPEMM / HPMSM CO2 Emissions Comparison (Scope 1+2+3) CMP HPEMM 64% lower than China Kg CO2
Slide 11: Mn has lowest carbon footprint of battery metals
QUARTER HIGHLIGHTS Company analysis shows Mn has lowest carbon footprint of battery metals For personal use only Euro Manganese’s high-purity manganese has significantly lower CO2 footprint than high-purity nickel and cobalt CO2 Emissions Comparison for Ternary Battery Metals (Scope 1+2+3) 40.0 Kg C
Slide 12: Rationale for North American growth strategy
QUARTER HIGHLIGHTS Rationale for North American growth strategy For personal use only Opportunity to supply PCAM/CAM plants under development in North America with locally-produced HP Mn ▪ Demand for HP Mn in NA expected to reach ~200Ktpa by 2031* ▪ No current HP Mn processing capacity in North Amer
Slide 13: Bécancour opportunity provides first-mover advantage in North America
QUARTER HIGHLIGHTS Bécancour opportunity provides first-mover advantage in North America Bécancour overview For personal use only ▪ Site due diligence underway (SNC-Lavalin) on land parcel in Bécancour, Québec ▪ Option agreement in place to purchase site subject to outcome of due diligence. ▪ Scopin
Slide 14: Performance against 2022 catalysts
YEAR IN REVIEW Performance against 2022 catalysts Feasibility Study and EPCM Status For personal use only ▪ Publication & filing of Feasibility Study ✓ Complete ▪ Commencement of EPCM tender process ✓ Complete Pilot Plant and Demonstration Plant ▪ Pilot plant 2nd run ✓ Complete ▪ Demonstration plant
Slide 15: 2023 Key catalysts
OUTLOOK 2023 Key catalysts EPCM for Commercial Plant Status For personal use only ▪ Appointment of EPCM contractor Expected Q1 ▪ Completion of front-end engineering design (FEED) Expected H2 Demonstration Plant ▪ Production of on-spec products Expected Q1 ▪ Shipments to interested parties Expected Q
Slide 16: Thank You & Q&A
For personal use only Thank You & Q&A info@Mn25.ca www.Mn25.ca Poised to Support the Energy Transition TSXV: EMN ASX: EMN OTCQX: EUMNF Frankfurt Stock Exchange: E06
Slide 17: Compliance Statements
Compliance Statements Competent and Qualified Persons Statement For personal use only All production targets for the Chvaletice Manganese Project referred to in this presentation are underpinned by estimated Proven and Probable Reserves prepared by competent persons and qualified persons in accordan