Sherritt International Corporation · TSX:S
Sherritt International — Scotiabank Conference (December 2021)
11 slides from Sherritt International's conference presentation, Dec 1, 2021
Slide 1: Metals for an Electric Future
Metals for an Electric Future Scotiabank Conference Leon Binedell President and CEO December 1, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements. Forward-looking statements can facility failures and toxic gas releases; risks related to the Corporation’s corporate structure; political, dated March 17, 2021 for the period ending December 31, 2020, which is
Slide 3: Sherritt's outlook has improved significantly
Sherritt’s outlook has improved significantly 1. Increased liquidity 2. Enhanced ESG targets 3. Pursuing multi-pronged growth strategy Sherritt is capitalizing on improving nickel and cobalt market fundamentals 3
Slide 4: Backdrop to Sherritt's expansion strategy
Backdrop to Sherritt’s expansion strategy 1 Strong demand forecasts for nickel and cobalt 2 Significant nickel supply deficit anticipated beginning 2025 3 Nickel incentive prices for new mine development not yet reached 4 Brownfield opportunities require low capital investment 5 Cuban partners at al
Slide 5: Electric vehicle adoption rate is accelerating
Electric vehicle adoption rate is accelerating 70 70% 60 60% 50 50% Growth driven by Millions of Vehicles Penetration rate 40 40% 30 30% - government policy 20 20% - car industry investments 10 10% - consumer demand 0 0% 2020 2021 2022 2023 2024 2025 2030 2035 2040 Global EV Sales Sales Penetration
Slide 6: EV adoption is spurring green metals demand
EV adoption is spurring green metals demand NICKEL DEMAND COBALT DEMAND 140 4,894 126 Thousands of tonnes 4,541 120 4,002 103 Thousands of tonnes 2,834 3,023 3,148 3,271 3,389 3.6% 100 80 77 27.2% 2,417 CAGR 62 CAGR 60 49 38 40 20 - 2020 2021 2022 2023 2024 2025 2030 2035 2040 2020 2021 2022 2023 20
Slide 7: Significant nickel supply deficit expected in near term
Significant nickel supply deficit expected in near term Forecast Nickel Consumption vs Supply 5000 4500 4000 3500 Thousand of tonnes 3000 2500 2000 1500 1000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2
Slide 8: Advancing with an accelerated expansion strategy
Advancing with an accelerated expansion strategy • Multi-phased approach • Increase finished production up to 20% from 34K tonnes in 2020 • Complete slurry prep plant • Complete expansion circuits • Install and upgrade equipment • Extend life of mine at Moa beyond 2040 • Convert resources to reserve
Slide 9: Technologies as an incubator and provider of solutions
Technologies as an incubator and provider of solutions Commercialize research projects Create incremental value Heavy Oil Impurity Moa Fort de- Treatment Removal Expansion bottlenecking Solution Solution Next Generation Resource Lateritic Ore conversion Processing Model provides multiple paths to gr
Slide 10: Sherritt investment summary
Sherritt investment summary 1. Favourable nickel and cobalt market outlook due to growing EV demand 2. Sherritt is well positioned with access to nickel and cobalt reserves and embedded brownfield opportunities 3. Expansion strategy delivers potential for high ROI with low capital intensity 4. Techn
Slide 11: Sherritt International Corporation
Sherritt International Corporation 22 Adelaide West, 42nd Floor Toronto, Ontario, Canada M5H 4E3 Joe Racanelli, Director, Investor Relations Telephone: (416) 935 -2457 I Toll -Free: 1 (800) 704 -6698 Email: investor@sherritt.com I Website: www.sherritt.com
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