5e Advanced Materials, Inc. · NASDAQ:FEAM
5e Advanced Materials — Investor Presentation (June 2023)
18 slides from 5e Advanced Materials's investor presentation, June 2023
Slide 1: 5E Advanced Materials Corporate Investor Presentation
5E Advanced Materials Corporate Investor Presentation June 2023 1 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without th e express written permission of 5E Advanced Materials, Inc.
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKI N G STATEM EN TS The information in this Presentation includes “forward looking statements”. All statements other than statements of historical fact included in this Presentation regarding our business strategy, plans, goals and objectives are forward looking statements. Whe
Slide 3: Corporate Strategy
Corporate Strategy 1 Build a globally significant Boron and Lithium business 2 Support US ambitions to re-shore critical supply chains and transition to a clean energy economy 3 Execute on our phased and modular operation to deliver up to 450K short tons of Boric Acid and 5.5K short tons of Lithium
Slide 4: Path Forward: Executing Our Strategy
Path Forward: Executing Our Strategy Near-term Action Items & Strategic Signposts Obtain EPA Pursuing Funding Approval Solutions • All required permits are • Utilize funds to move to in place and held by 5E a PFS/DFS-level today document Turn on Plant and • One final condition to be • Focused on non
Slide 5: Project Economics
Project Economics 5 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 6: 5E Boron Americas Complex: By The Numbers
5E Boron Americas Complex: By The Numbers S-K 1300 Initial Assessment - Technical Report Summary 31 Years $2.41B 23% US$13.0B US$101.2M – 62.1% Life of Mine EBITDA - EBITDA After-tax NPV8% After-tax IRR LOM Net Cashflow margin in FY2027 90ktpa Boric Acid $373M 74.3Mt at 4.15% B2O3, 450ktpa Boric Aci
Slide 7: Staged Execution and Value Delivery
Staged Execution and Value Delivery Rare Resource Critical Mineral High-Margin Modular Operation U.S. Business Current CY2023 CY2026 CY2028 CY2030 CY2031 Resources Initial Facility Phase 1 Phase 2 Phase 3 FULL PRODUCTION Defined Built Planning Planning Planning Planning 327M tons 9,000 stpa 90,000 s
Slide 8: Funding Model
Funding Model COMPOSITION SOURCE TARGET PHASE 1 ECONOMICS (Q2 CY2026) 100% CAPEX (US$) $373 million 90% Capital Market / 25% Traditional Equity $93.25M BORIC ACID Shareholders 80% Equity ANNUAL 90,000 short tons PRODUCTION LITHIUM CARBONATE 1,100 short tons 70% 25% Royalty Scheme Mineral Rights $93.
Slide 9: Global Market Opportunity
Global Market Opportunity 9 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 10: Pillars of the Boron Opportunity
Pillars of the Boron Opportunity Propelling Empowering Enabling Solution Decarbonization Global Food Onshore, Critical to the Asset Sectors Security Efforts Supply Chains Scarcity Challenge Limited number of new Critical material used >40% of lands to Approximately 60%2 of supply sources of
Slide 11: Accelerating Demand from Decarbonization-Enabling End Markets
Accelerating Demand from Decarbonization-Enabling End Markets Boron is an enabler of many decarbonization technologies1 Electric Vehicles Clean Energy and Efficiency ~30% CAGR ~145m 5.8% CAGR ~$55 Trillion Global Electric Vehicle Global Electric Vehicle Global Installed Wind & Solar Global “Green” E
Slide 12: Confluence of Demand Growth and Growing Supply Shortfall
Confluence of Demand Growth and Growing Supply Shortfall Boron Demand Growth (1) Supply / Demand Imbalance (1) (k tonnes; boric acid equivalent) (k tonnes; boric acid equivalent) 14,000 50,000 +10x Growth Expected Widening of .... BORON+ Supply 12,000 Gap Over Time 10,000 10,000 +2x Growth 8,000 8,0
Slide 13: Appendix
Appendix 13 The information in this presentation is confidential and proprietary, and may not be used, reproduced or distributed without the express written permission of 5E Advanced Materials, Inc.
Slide 14: Pricing – Boric Acid Forecast
Pricing – Boric Acid Forecast Boric Acid Price Forecast1 1 Source: Boric Acid Price – Kline & Company’s Management Consulting 14 2 Source: Credit Suisse Climate Transition Super Materials Equity Research Report dated December 7, 2021.
Slide 15: Large, High-Grade Boron Resource with Lithium Co-Product
Large, High-Grade Boron Resource with Lithium Co-Product Resource Statement* Tonnage B2 O 3 H3BO3 Lithium B2 O 3 H3BO3 LCE Measured Resource (MST) (wt%) (wt%) (ppm) (MST) (MST) (MST) Total Measured Resource 30.95 4.81 8.55 357 1.49 2.65 0.059 Total Indicated Resource 43.35 4.09 7.27 355 1.77 3.15 0.
Slide 16: Upcoming Project Milestones – Schedule
Upcoming Project Milestones – Schedule CY Indicative Schedule 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 EPA Authorization to Inject Initial Plant Wellfield Commissioning Boric Acid/Gypsum Commissioning Initial Plant Operation / Data Collection FEL-2 Study Operations FEL-3 Study Phase 1 Detailed Engine
Slide 17: Corporate Overview
Corporate Overview As of June 22, 2023 Share Price $35 Volume Share Price 4 Ticker FEAM 5EA $30 3.5 Share Price $4.17 A$0.61 3 $25 Volume (Millions) Common Shares / CDIs1 44.1M 441.5M 2.5 Price (USD) $20 Dilutive Securities2 44.2M 44.2M 2 $15 Enterprise Value3 $175M A$274M 1.5 $10 1 Cash Balance $26
Slide 18: Leadership Team With Diverse Skillsets and Proven Execution Capabilities
Leadership Team With Diverse Skillsets and Proven Execution Capabilities Leadership Team Susan Brennan Paul Weibel J.T. Starzecki Christopher Knight Chief Executive Officer Chief Financial Officer Chief Marketing Officer Vice President, Operations 5E Board of Directors David Salisbury Jimmy Lim Step
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