Pls Group Limited · ASX:PLS
Pls — Q3 FY23 Earnings Presentation
18 slides from Pls's earnings presentation, Apr 27, 2023
Slide 1: March 2023 Quarterly Activities Presentation
March 2023 Quarterly Activities Presentation Thursday 27 April 2023 ASX: PLS Investor conference call covering the March 2023 Quarterly results will be held 7.00am (WST) / 9.00am (AEST) - Friday, 28 April 2023 Options for participating in the call: Teleconference – for Analysts, Brokers, Fund Manage
Slide 2: Q3 FY23 highlights
148,131 dmt 9% spodumene production Q on Q 144,312 dmt 3% spodumene shipments Q on Q US$4,840/dmt 1 Q3 FY23 15% average estimated realised Q on Q highlights spodumene concentrate price A$632/dmt 2 9% unit operating cost Q on Q (FOB Port Hedland excl royalties) $2,683 B 21% $457M increase in the Quar
Slide 3: Q3 FY23 highlights (continued)
Inaugural fully franked interim dividend paid of 11 cents per share Final Investment Decision made for P1000 Expansion Project POSCO Pilbara Downstream JV secured (non-recourse to Pilbara Minerals) KRW600B (US$460M) debt facility for the 43,000 tpa Lithium Hydroxide Q3 FY23 Monohydrate Chemical Faci
Slide 4: To be a leader in the provision of sustainable battery materials
1. Deliver our operating performance commitments To be a leader 2. Achieve the full potential of the Pilgangoora asset in the provision of sustainable battery materials 3. Extract greater value along the battery materials supply chain products 4. Diversify revenue beyond the Pilgangoora asset 4
Slide 5: Safety and people
Safety and people Great people that go home safe and well every day 4.9 2.03 (target 1.00) 22% Total recordable injury Quality safety Interactions2 Female employment frequency rate (TRIFR)1 completed per 1,000 hours 1. Rolling 12-month indicator 2. Safety interaction is a leading indicator. The meas
Slide 6: Production and sales
Production and sales Quarter on quarter performance 180,000 160,000 Quarterly spodumene production / shipments (dmt) 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Produced (dmt) Shipped (dmt) 6
Slide 7: Growth pathway to ~1Mtpa
Growth pathway to ~ 1Mtpa Accelerated growth to capture value and increase revenue ~1,000 P1000 Project P680 Expansion (FID complete) Commissioning targeting 680 September Quarter P680 Project – under construction 580 P1000 Expansion Installed Capacity FID complete in March Quarter 2023 Q1 Q2 Q3 Q4
Slide 8: Expansions to increase production to ~1Mtpa
Expansions to increase production to ~ 1Mtpa P1000 FID complete during the March Quarter 2023 P680 Expansion P1000 Expansion • Increase production capacity by a further 100,000 tpa • Final Investment Decision (FID) made – total investment spodumene concentrate ~$560M (includes $38M pre-FID investmen
Slide 9: POSCO Pilbara Lithium Solutions
POSCO Pilbara Lithium Solutions 43,000tpa LHM facility Gwangyang, South Korea in joint venture with POSCO • Procurement and major construction works continue • Commissioning of the first train targeted to commence from Q4 CY2023, with second train Q1 CY2024 Below photos of 43,000tpa LHM facility und
Slide 10: Bolstered Executive team to deliver our strategy
Bolstered Executive team to deliver our strategy Key executive appointments made during the Quarter Dale Henderson Alex Eastwood Luke Bortoli Vince De Carolis MANAGING DIRECTOR & CHIEF COMMERCIAL & LEGAL CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER CHIEF EXECUTIVE OFFICER OFFICER Sandra McInnes J
Slide 11: Financials
Financials Q3 FY23 - highlights $2.683B 21% Q on Q • Strong operating margin supports an $457M increase in cash cash balance balance • Pricing continued to soften due to lithium chemicals pricing, US$4,840/dmt 1 15% including domestic pricing in China Average estimated realised spodumene Q on Q • Un
Slide 12: Cash flow Q3 FY23
A$M Cash balance 31 December 2022 Sales receipts 919 Payments for operations Cash Margin from Operations Cashflow Q3 FY23 Capital expenditure Net proceeds from borrowings Dividends paid Income taxes paid Net interest income Other Cash balance 31 March 2023 12
Slide 13: FY23 guidance update
Unit Operating Cost FY23 In light of recent cost increases, FY2023 guidance for unit operating guidance cost is increased to update A$600-A$640/dmt (FOB Port Hedland ex royalties) from previous guidance of A$580-A$610/dmt (FOB Port Hedland ex royalties) 13
Slide 14: Market Update
Market Update So Pilbara Minerals
Slide 15: Questions?
Questions? Follow us on pilbaraminerals.com.au ASX: PLS 15
Slide 16: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated Thursday 27 April 2023. Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitatio
Slide 17: Important notices
Important notices Forward looking statements Statements contained in this document, including but not limited to those regarding possible or assumed production, sales, future capital and operating costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth
Slide 18: Important notices
Important notices Financial information In order to provide additional insight into the business, certain non-IFRS measures such as “EBITDA”, “underlying profit after tax”, “Cash Balance inclusive of LOC” and “”Net Cash/(Debt)” may be used in this presentation which are unaudited, non-IFRS measures