Westwater Resources, Inc. · AMEX:WWR
Westwater Resources — Q1 2022 Earnings Presentation
19 slides from Westwater Resources's earnings presentation, May 11, 2022
Slide 1: First Quarter 2022 Corporate Presentation
ENERGY MATERIALS FOR THE 21ST CENTURY FIRST QUARTER 2022 CORPORATE PRESENTATION MAY 11, 2022 Chad Potter (NYSE American: WWR) President and Chief Executive Officer Terence Cryan Executive Chairman Jeff Vigil Chief Financial Officer 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. F
Slide 3: Why Westwater as an Investment?
WHY WESTWATER AS AN INVESTMENT? • We are an energy technology company focused on producing battery-grade natural graphite materials for advanced batteries here in the United States, using our patent pending proprietary purification process. • During the first quarter construction activities continue
Slide 4: Stock & Financial Snapshot
STOCK & FINANCIAL SNAPSHOT Share Price Shares outstanding 1 47.2 million $1.37 (5/04/2022) Liquidity (3 Mo. Avg.) 52 Wk Hi-Low 3.2 million shs/day $5.70 - $1.23 (5/4/2022) (5/4/2022) Market Options/RSUs 2 525,336 $64.7 million Capitalization3 Cash and Equivalents $116.0 million Debt $0 (3/31/2022) 1
Slide 5: Financial Summary
FINANCIAL SUMMARY ($ in 000, Except for Per Share and Q1 2022 Q1 2021 Variance Share Amounts) Net Cash Used in Operations $(2,701) $(4,850) (44%) Net Cash (Used) From Investing $(12,123) 333 n/m Activities Net Cash From Financing Activities $15,524 $72,203 (78%) Product Development Expenses $(233) $
Slide 6: Westwater – Ensuring the Health and Growth of Our Business
WESTWATER – ENSURING THE HEALTH AND GROWTH OF OUR BUSINESS We continue to advance our battery-grade graphite business: • As of March 31, 2022, we have incurred $17.8 million of costs associated with the $202 million of estimated cost to construct Phase I of the Kellyton graphite processing plant. •
Slide 7: Graphite Is a Major Component of All Batteries
GRAPHITE IS A MAJOR COMPONENT OF ALL BATTERIES Why Graphite Matters: • A critical component of all types of batteries including lead- acid, alkaline power cells and non-rechargeable lithium cells • Coated Purified Spherical Graphite (CPSG) is a critical component in lithium-ion batteries * • The US
Slide 8: Graphite Anode Consumption in LIB Cell
GRAPHITE ANODE CONSUMPTION IN LIB CELL Aluminum Copper Foil Separator Foil Graphite Cathode (Li, Anode Ni, Co, Mn) 5% 8% 8% 50% 30% Share of LIB cell by wt.% Graphite Nickel Cobalt Manganese Lithium 8 A typical Electric Vehicle with 80 Kwh battery pack contains approximately 175 – 210 lbs of anode g
Slide 9: Battery Markets Are Growing – Graphite Is a Critical Component
BATTERY MARKETS ARE GROWING – GRAPHITE IS A CRITICAL COMPONENT • 24% CAGR expected over next 8 years Transportation • Predominantly Lithium-ion batteries • US Government and Automakers announced a goal of 50% of all autos sold will be Electric Vehicle by 2050 • 19% CAGR expected over the next 8 year
Slide 10: Where We Play in the Value Chain
WHERE WE PLAY IN THE VALUE CHAIN Graphite Purification / Concentrate Shaping / Coating LiB Cell / Electric Feedstock Mining Battery Vehicle Start-up in 2028 Start-up in 2023 Pack Production Production § We’re a Graphite Anode company directly serving lithium-ion battery (LiB) and electric vehicle co
Slide 11: Value Creation from Processing Natural Flake Graphite
VALUE CREATION FROM PROCESSING NATURAL FLAKE GRAPHITE USD/ton 12000 10000 Graphite Anode (CSPG) 8000 6000 4000 Uncoated Spherical Graphite 2000 0 Graphite Concentrate Feedstock 2019 2020 2021 2022 Flake (96 - 97%), +80 Mesh Uncoated Spherical Graphite Coated Spherical Graphite (Graphite Anode) Sourc
Slide 12: Natural Graphite Anode Market & Supply Chain Projected Imbalance
NATURAL GRAPHITE ANODE MARKET & SUPPLY CHAIN PROJECTED IMBALANCE • Natural graphite anode supply shortage projected • Poses major supply security concerns particularly for the U.S. SOURCE: BENCHMARK MINERAL INTELLIGENCE 12
Slide 13: Proprietary Purification Technology
PROPRIETARY PURIFICATION TECHNOLOGY • Westwater has developed a new technology for graphite purification. • We have filed a Provisional Patent Application with the U.S. Patent and Trademark Office for this technology: Ø Our purification methodology has a more sustainable footprint than those current
Slide 14: Business Plan for the Kellyton Graphite Processing Plant - Overview
BUSINESS PLAN FOR THE KELLYTON GRAPHITE PROCESSING PLANT - OVERVIEW • Phase I construction has begun. Expected completion in Q2 2023. • Expected purified graphite production of 7500 metric tons per year. • In April, we completed the build out of our administrative offices at the Kellyton site. • Sam
Slide 15: The Coosa Graphite Deposit Provides Key Advantages
THE COOSA GRAPHITE DEPOSIT PROVIDES KEY ADVANTAGES The Coosa graphite deposit is a source of domestic U.S. natural flake graphite • Exploration drilling to further define the deposit is complete (geological model expected in 2022). • Westwater’s vanadium discovery at its Coosa Graphite Deposit could
Slide 16: Our Team Going Forward: Tenured Leadership
OUR TEAM GOING FORWARD: TENURED LEADERSHIP Terence J. Cryan • Joined WWR as Chairman in 2017 Executive Chairman • An experienced CEO; Extensive public company board experience • 20+ year career in investment banking and private equity • MSc. Econ. London School of Economics Chad M. Potter • Joined i
Slide 17: WWR's Commitment to Safety & ESG
WWR’S COMMITMENT TO SAFETY & ESG - Each Other - Our Environment - Our Assets - Social Compact in the Communities Where We Work - Our Reputation - Manufacturing practices are environmentally superior to a majority of existing CSPG manufacturing processes in the world Environmental Stewardship - Paten
Slide 18: Questions?
QUESTIONS? 18
Slide 19: Contact Us
ENERGY MATERIALS FOR THE TWENTY-FIRST CENTURY Contact Us Westwater Resources Contacts: Investor Relations Contact: Terence J. Cryan, Executive Chairman Michael Porter Chad M. Potter, CEO & President Porter, LeVay and Rose Jeffrey L.Vigil,VP Finance & CFO Phone: 212.564.4700 Email: Info@WestwaterReso