American Battery Technology Company · NASDAQ:ABAT
American Battery Technology — Investor Presentation (May 2024)
39 slides from American Battery Technology's investor presentation, May 2024
Slide 1: American Battery Technology Company Overview May 2024
Company Overview May 2024 NASDAQ: ABAT American Battery Technology Company www.americanbatterytechnologycompany.com
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT Page 2 NASDAQ: ABAT This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are "forward-looking statemen
Slide 3: 3 Independent Challenges to North American Battery Supply Chain
3 INDEPENDENT CHALLENGES TO NORTH AMERICAN BATTERY SUPPLY CHAIN Page 3 NASDAQ: ABAT Security of Cost of Environmental Supply Supply Impact of Supply <1% $ OF GLOBAL COST OF BATTERY MANY CONVENTIONAL BATTERY MATERIALS MINERALS HAS SOARED RECYCLING AND MINING PRODUCED BY USA ALONGSIDE SUPPLY PRACTICES
Slide 4: Team Founded in Battery Manufacturing Fundamentals
TEAM FOUNDED IN BATTERY MANUFACTURING FUNDAMENTALS Page 4 NASDAQ: ABAT » Founders of ABTC were previously founding members of Tesla’s Reno, Nevada Gigafactory; one of the Tesla Gigafactory Design team that designed, constructed, largest battery factories in the world. commissioned, and operated firs
Slide 5: The Solution: Circular and Domestic Battery Materials Supply Chain
THE SOLUTION: CIRCULAR AND DOMESTIC BATTERY MATERIALS SUPPLY CHAIN Page 5 NASDAQ: ABAT 1 A robust and cost-competitive battery recycling industry can close-the-loop and make a meaningful impact on near-term domestic supply 2 However, recycling alone cannot meet growing demand, therefore domestic man
Slide 6: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Page 6 NASDAQ: ABAT CEO and other senior members of ABTC were previously founding members of Tesla Gigafactory Design team that designed, constructed, and operated first battery gigafactory in the world. Experienced first-hand the challenges of not being able to source do
Slide 7: Our Unique Value Proposition
OUR UNIQUE VALUE PROPOSITION Page 7 NASDAQ: ABAT Commercial Battery Recycling Facility Tonopah Flats Lithium Project Dual Sources of Potential Offtake Supply Lithium-Ion Battery Mineral Resource and Recycling Refinery » Internally Developed Lithium-Ion In-House R&D » Lithium Resource of >21 Mt LHM B
Slide 8: Proliferation of Battery Manufacturing Projects Without Security of Supply
PROLIFERATION OF BATTERY MANUFACTURING PROJECTS WITHOUT SECURITY OF SUPPLY Page 8 NASDAQ: ABAT More than 20 Gigafactories under construction with significant cathode manufacturing investments Cathode Company factory announcements 20+ Existing and announced Gigafactories (>1GWh) ~$2bn ~$1bn ~$3bn ~$1
Slide 9: Market for Battery Metals: Large with Accelerating Growth
MARKET FOR BATTERY METALS: LARGE WITH ACCELERATING GROWTH Page 9 NASDAQ: ABAT Global demand for Lithium to surpass $150B by 2030 (20%+ CAGR). IRA has created multiple growth accelerants Lithium-Ion Battery Pack Demand Lithium-Ion Battery Demand for Metals Million Metric Tons Demand (GWh) 20 40,000 1
Slide 10: Lithium Supply / Demand Outlook
LITHIUM SUPPLY / DEMAND OUTLOOK Page 10 NASDAQ: ABAT Short term surplus with long term large deficits projected Source: Benchmark Mineral Intelligence. Feb. 2023
Slide 11: Forecasted Battery Metals Prices
Lithiu m Carb onat e CIF FORECASTED BATTERY METALS PRICES: 2023-2027 Asia (U$/ t) Page 11 NASDAQ: ABAT While battery metal prices have recently declined; consensus is for future increases Lithium Hydroxide Price Forecast Source: Wilsons research, Visible Alpha & Consensus Economics. Feb. 2023
Slide 12: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Page 12 NASDAQ: ABAT In-House Recycling In-House Claystone LiOH Technology Technology Proprietary Demanufacturing and First-of-Kind, In-House Technology Recovery Technology at Battery Enabling High-Volume, Low-Cost Recycling Plant Lithium Extraction from Claystone US Source
Slide 13: Lithium-Ion Battery Recycling
Lithium-Ion Battery Recycling
Slide 14: Our Integrated Battery Recycling Process
OUR INTEGRATED BATTERY RECYCLING PROCESS Page 14 NASDAQ: ABAT Phase 1 – Complete Phase 2 Structural Automated Materials Selective DeManufacturing Leaching Nickel Sulfate Battery Black Mass Packs/Modules Selective Impurity Dissection Removal Cobalt Sulfate Battery Cells Selective Transition Separatio
Slide 15: Our Integrated Battery Recycling Process: Technological Advantages
OUR INTEGRATED BATTERY RECYCLING PROCESS Page 15 NASDAQ: ABAT Technological Advantages Technological Advantages Conventional Methods De-Manufacturing Shredding and Pyromet. & & Hydromet. Hydromet. Smelting Specific LOW HIGH HIGH Capex ABTC Commercial Recycling Facility Specific LOW HIGH MED » Commer
Slide 16: ABTC & BASF: Corporate Partnership for North American Battery Supply Chain
ABTC & BASF: CORPORATE PARTNERSHIP FOR NORTH AMERICAN BATTERY SUPPLY CHAIN Page 16 NASDAQ: ABAT In 2019, BASF, one of the largest cathode manufacturers in Greentown Labs, Sommerville, MA North America, hosted a global competition to identify the most promising lithium-ion battery recycling technolog
Slide 17: ABTC & US Automakers: Demonstrating Domestic Closed-Loop Supply Chain
ABTC & US AUTOMAKERS: DEMONSTRATING DOMESTIC CLOSED-LOOP SUPPLY CHAIN Page 17 NASDAQ: ABAT “ The overall objective is to challenge the existing recycling business model and innovate towards a value driven, self-sustaining model for large format lithium-ion batteries.” » ABTC and BASF received a $2M
Slide 18: ABTC & BASF: North American Corporate Partnership
ABTC & BASF: NORTH AMERICAN CORPORATE PARTNERSHIP Page 18 NASDAQ: ABAT Domestic Closed-Loop Supply Chain Partnership » BASF and its customers deliver waste and end-of-life materials to ABTC » ABTC recycles battery materials, and delivers recycled metal products to BASF and its suppliers » BASF manuf
Slide 19: Commercial Battery Recycling Facility
COMMERCIAL BATTERY RECYCLING FACILITY Page 19 NASDAQ: ABAT Recycled products manufactured at the ABTC Recycling Facility near Reno, NV
Slide 20: Commercial Scale Battery Recycling Operation
COMMERCIAL SCALE BATTERY RECYCLING OPERATION Page 20 NASDAQ: ABAT Beyond baseline recycling design, ABTC developing next-generation technologies to further increase recovery of non-conventional components, reduce energy consumption, and reduce operating costs ABTC recently won grant from US DOE for
Slide 21: Feedstock Sourcing
FEEDSTOCK SOURCING Page 21 NASDAQ: ABAT End of life batteries will become increasingly important to the supply chain » Significant portion of near-term feedstock will continue to come from process scrap due to initiation of 20+ new cell factories » Continue to source feedstock from strategic partner
Slide 22: Primary Metals Resource Development and Refining
Primary Metals Resource Development and Refining
Slide 23: US Lithium Mineral Overview
US LITHIUM MINERAL OVERVIEW Page 23 NASDAQ: ABAT ABTC has developed first-of-kind technologies to access lithium from claystone resulting in high-volume, low-cost, and low-environmental impact lithium Utah Brine Nevada Claystone » Within the U.S., a very large lithium-bearing deposit exists within s
Slide 24: Tonopah Flats Lithium Project
TONOPAH FLATS LITHIUM PROJECT Page 24 NASDAQ: ABAT ABTC has 517 unpatented lode mining claims covering approximately 10,340 acres of unique claystone deposits located near historic mining town, Tonopah, Nevada OREGON IDAHO Asset Winnemucca City 80 Road Reno Airport Battery Recycling Plant 95 NEVADA
Slide 25: Tonopah Flats Lithium Project
TONOPAH FLATS LITHIUM PROJECT Page 25 NASDAQ: ABAT “RESPEC concludes that the ABTC Tonopah Flats lithium project is one of the largest known lithium projects in the US.”
Slide 26: Sedimentary Claystone: Internally Developed LiOH Manufacturing
SEDIMENTARY CLAYSTONE: INTERNALLY DEVELOPED LIOH MANUFACTURING Page 26 NASDAQ: ABAT Selected for a $4.5M Project for U.S.DOE Critical Materials Innovations Grant Project Initiated October 1, 2021 Field Demonstration of Selective Leaching, Targeted Purification, and Electro-Chemical Production of Bat
Slide 27: U.S. DOE Grant: Multi-Ton Per Day Continuous Pilot Plant
SEDIMENTARY CLAYSTONE: INTERNALLY DEVELOPED LIOH MANUFACTURING Page 27 NASDAQ: ABAT U.S. DOE Grant: Integrated multi-ton per day continuous pilot plant Year 1 Year 2 Bench Scale Optimizations Pilot Scale Integrated Operations ~ 1,000 kilograms ~ 200 Metric Tonnes
Slide 28: Lithium Hydroxide Pilot Plant - 2024
LITHIUM HYDROXIDE PILOT PLANT - 2024 Page 28 NASDAQ: ABAT Overview of process Tonopah Flats Lithium ABTC LIOH Pilot Plant Under Construction Project Claystone Beneficiation Selective Leaching Purification Hydroxide Conversion Crystallization Filtration/Drying Battery Grade Lithium Hydroxide
Slide 29: Tonopah Flats Initial Assessment
TONOPAH FLATS INITIAL ASSESSMENT Page 29 NASDAQ: ABAT Project is a long life, low-cost domestic source with highly attractive financials 30K ton/yr LHM $4.4 billion $456 million Production capacity of phase 1 only NPV @10% discount at $31K/ton LHM sold, IRR of 65.8% CapEx: LiOH Refinery >400 years $
Slide 30: First-of-Kind, In-House Technology Validation and Investments
FIRST-OF-KIND, IN-HOUSE TECHNOLOGY VALIDATION AND INVESTMENTS Page 30 NASDAQ: ABAT FOUR CONTRACTED U.S. DOE GRANT AWARDS Pilot Demonstrations Commercial-Scale Two Awarded Qualifying Advanced Energy Project $2 M Lithium-Ion $20 M +Seven strategicand Tax Credits program (48C) October 2021 industry pro
Slide 31: First-of-Kind, In-House Technology Validation and Investments
FIRST-OF-KIND, IN-HOUSE TECHNOLOGY VALIDATION AND INVESTMENTS Page 31 NASDAQ: ABAT In October 2022, ABTC was selected for award by DOE for $115M project to construct commercial scale Lithium Hydroxide refinery
Slide 32: Corporate Strategic Focus and Milestones
Corporate Strategic Focus and Milestones
Slide 33: ABTC's Strategic Focus
ABTC’S STRATEGIC FOCUS Page 33 NASDAQ: ABAT Focus Target Top Line Priorities » Close the loop to establish › Phase 1: Ramp commercial capacity Recycling circular economy › Phase 2: Hydrometallurgy processing train › Market-paced, co-location exploration » Fill the loop with low-cost and Advance towa
Slide 34: Competitive Landscape
COMPETITIVE LANDSCAPE NASDAQ: ABAT Page 34 Recycling NAin North American Lithium M SiDnAgQ: ABAT Recycling and Processing refining lithium- Recycling battery Recycling batteries lithium-ion ion batteries to manufacturing through unique Developing Developing batteries through Developing produce anode
Slide 35: Sources and Uses of Funds
SOURCES AND USES OF FUNDS Page 35 NASDAQ: ABAT Capital Uses Capital Sources » Operating Cash burn: $3-6M per » Contracted DOE grants: $3-6M Near Term quarter per quarter » Revenue from Recycling Facility » Battery Recycling Facility 1 - Phase 2 » Revenue from Recycling Facility Medium Term » LiOH Re
Slide 36: Listing on Nasdaq Exchange
LISTING ON NASDAQ EXCHANGE Page 36 NASDAQ: ABAT A Year in Review ABTC listed its shares and began trading on Nasdaq on September 21, 2023. The listing of its shares on this exchange represents a long-term strategic move for the company, allowing it to expand its reach in the capital markets and supp
Slide 37: Key Company Milestones – FY23
KEY COMPANY MILESTONES – FY23 Page 37 NASDAQ: ABAT A Year in Review » Facility for first commercial scale lithium-ion battery recycling operations » Selected for US DOE grant for advanced battery recycling technologies » Executed pre-payment agreement for recycled products » Strategic Partnership Ag
Slide 38: Key Company Milestones – FY24
KEY COMPANY MILESTONES – FY24 Page 38 NASDAQ: ABAT The Year Ahead » Execution of Strategic Partnership Agreement with BASF » Implementation of Battery Recycling hydrometallurgy processing train » Site selection for partner co-located, commercial-scale battery recycling facility » Publication of Tono
Slide 39: Questions
QUESTIONS Page 39 NASDAQ: ABAT Powering the Future of Sustainable Energy info@batterymetals.com www.americanbatterytechnology.com
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