Eramet Sa · EURONEXT:ERA
Eramet Sa — Merger or Acquisition (October 2024)
8 slides from Eramet Sa's merger presentation, Oct 24, 2024
Slide 1: Centenario: Regaining full ownership in our flagship lithium business in Argentina
Centenario Regaining full ownership in our flagship lithium business in Argentina October 24th, 2024 Christel BORIES, Chair & CEO Nicolas CARRE, CFO 1 ERAMET – CENTENARIO – OCTOBER 24TH
Slide 2: Disclaimer
Disclaimer Certain information contained in this presentation including any information on Eramet’s plans or future financial or operating performance and any other statements that express management’s expectations or estimates of future performance, constitute forward-looking statements. Such state
Slide 3: Eramet acquires Tsingshan's interest and regains full ownership in its flagship lithium business
Eramet acquires Tsingshan’s interest and regains full ownership in its flagship 3 Lithium business in Argentina Li Transaction highlights Asset perimeter Buy-out of Tsingshan’s interest (49.9%) in Eramet’s subsidiary in Argentina, hosting the Centenario-Ratones and Arizaro lithium brine deposits Cen
Slide 4: Eramet deploys its capital to consolidate exposure to a world-class asset expected to create significant value
3 Eramet deploys its capital to consolidate exposure to a world-class asset expected to create significant value Li Reinforced exposure Transaction executed Regaining full control 1 to a Tier-1 asset 2 at the right time 3 and optionality World-class Counter-cyclical transaction Lithium asset 100% ow
Slide 5: Eramet will leverage on the start-up of the first extraction plant to continue lithium development
3 Eramet will leverage on the start-up of the first extraction plant to continue the development of its lithium activities Li Fully focused on successfully delivering Highly disciplined in contemplating 1 and setting a benchmark with 1st Plant 2 future growth in Centenario and beyond 1st plant (24 k
Slide 6: Appendices
Appendices
Slide 7: Lithium demand forecast & lithium carbonate historical price
3 Appendix 1 - Lithium demand forecast & lithium carbonate historical price Li Lithium demand forecast1 Lithium carbonate price (CIF Asia)3 Mt-LCE2 $kt-LCE2 8 90 2024-2029 2024-2034 7 CAGR +21% +16% 80 x1.5 Batteries +25% +16% 70 6 Others +4% +3% 60 5 x1.8 50 $10.5k/t-LCE 4 on 18/10/2024 40 3 x2.1 3
Slide 8: Centenario 1st plant: attractive profitability underpinned by first quartile cost position
3 Appendix 2 - Centenario 1st plant: an attractive profitability underpinned by first quartile cost position Li Illustrative cash cost curve of the lithium industry1 Expected (2025, Eramet internal estimates) strong resilience Cash cost2, k$/t LCE CIF China through-the-cycle Current long-term price