Slide 1: June 2023 Quarterly Activities Presentation
June 2023 Quarterly Activities Presentation Investor conference call covering the June 2023 Quarterly results will be held 7.00am (WST) / 9.00am (AEST) – Tuesday, 25 July 2023 Options for participating in the call: Teleconference – for Analysts, Brokers, Fund Managers and Media https://register.veve
Slide 2: Delivering our strategy
Delivering our strategy Operate Deliver our operating performance commitments To be a leader Grow Achieve the full potential of the Pilgangoora asset in the provision of sustainable battery materials products Chemicals Extract greater value along the battery materials supply chain Diversify Diversif
Slide 3: Strong performance for the Quarter
Strong performance for the Quarter Production Sales Balance sheet 10% increase1 22% increase1 $656M increase 1,2 in production to in sales to in cash to 162.8kt 176.3kt $3.3B Growth Diversify Exploration Expansion and New partnering 46,904m chemicals projects initiative drill program to inform progr
Slide 4: Operate
Operate So Pilbara Minerals
Slide 5: Focused on safety and people
Focused on safety and people Great people that go home safe and well every day 4.69 1.42 (target 1.00) 22% Total recordable injury Quality safety Interactions4 Female employment frequency rate (TRIFR)3 completed per 1,000 hours 5
Slide 6: Record Quarter for production and sales
Record Quarter for production and sales Quarter on Quarter performance 176,314 162,761 Quarterly spodumene production / shipments (dmt) 162,151 147,105 148,627 148,131 144,312 138,249 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Produced (dmt) Shipped (dmt) 6
Slide 7: Grow
So Pilbara Minerals
Slide 8: Expansions underway to increase production
Expansions underway to increase production P680 P1000 • Increase spodumene concentrate production • Increase nameplate production capacity to ~ 1Mtpa. capacity by 100,000 tpa. • Detailed designs progressed to plan, procurement for • Primary rejection, civil earthworks and concrete all long lead item
Slide 9: Chemicals
Chemicals So Pilbara Minerals
Slide 10: Mid-Stream Demonstration Plant
Mid-Stream Demonstration Plant • Being developed in JV between Pilbara Minerals and Calix. Pyrometallurgical Pyrometallurgical processing Processing • Plant to determine technical and commercial viability of Calix’s electric calciner to produce a value-added lithium salt at the Pilgangoora Project.
Slide 11: Downstream facility with POSCO advancing
Downstream facility with POSCO advancing 43k tpa lithium hydroxide facility in Gwangyang, South Korea in joint venture with POSCO Train 1 – 35% complete (on schedule) • Construction of civil structure for calcining and roasting complete. • Steel structure for key infrastructure installed. • Commissi
Slide 12: Diversify
Diversify So Pilbara Minerals
Slide 13: Strategic partnering process
Strategic partnering process Opportunity to access lithium raw materials from a world-class deposit Partnership opportunity with Pilbara Minerals on downstream lithium conversion facility in a mutually agreed location Long-term lithium supply up to 300,000tpa spodumene concentrate allocated to under
Slide 14: June Quarter financials
June Quarter financials So Pilbara Minerals
Slide 15: Strong quarterly performance – Q4 FY23
Strong quarterly performance – Q4 FY23 Quarter • Group revenue declined 18% in the Quarter with a Units Q3 FY23 Q4 FY23 (%) 22% increase in sales volumes partially offsetting a Realised Price5 US$/t 4,840 3,2566 (33) 33% decline in average estimated realised price. • Unit operating costs (FOB) were
Slide 16: Stronger year on year – FY23
Stronger year on year – FY23 Year2 • Group revenue increased 238% in FY23 to $4.0B Units FY22 FY23 (%) versus $1.2B in the prior period, reflecting Production kt 377.9 620.1 64 • 68% increased sales volumes facilitated by Sales kt 361.0 607.5 68 product grade strategy and improved Realised Price5 US
Slide 17: Sales drive cash balance growth
A$M Cash balance 31 March 2023 Receipts from customers Operations Cash Margin from Payments for operating costs Income taxes paid Cash flows from operating activities Other operating cash flows Cash flows from investing activities Sales drive cash balance growth Net proceeds from borrowings Interest
Slide 18: Strong cashflow supports cash balance
Strong cashflow supports cash balance Increase in production and strong cash margin from operations supports growing cash balance 3,500.00 $3.3B Cash 3,000.00 2,500.00 ($M) 2,000.00 $M 1,500.00 1,000.00 $920M Cash Margin 500.00 from Operations for 0.00 Q4 FY239 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec
Slide 19: Market update
Market update So Pilbara Minerals
Slide 20: Questions?
Questions? Follow us on pilbaraminerals.com.au ASX: PLS 20
Slide 21: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated Monday 24 July 2023. Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitation,
Slide 22: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects Information in this presentation regarding expansions in nameplate capacity of the Pilgan Plant in respect of the P680 and P1000 projects are underpinned by the Company’s existing Ore Reserv
Slide 23: End notes
End notes 1. Compared to March 2023 Quarter. 2. All financial information is unaudited and may be subject to change. 3. Rolling 12-month indicator. 4. Safety interaction is a leading indicator. The measurement is based on the June Quarter 2023. 5. The table below shows the SC6.0 CIF China equivalent