Pls Group Limited · ASX:PLS
Pls — Q3 FY2024 Earnings Presentation
25 slides from Pls's earnings presentation, Apr 19, 2024
Slide 1: March Quarter FY24 Activities Presentation
For personal use only 19 April 2024 March Quarter FY24 Activities Presentation ASX:PLS
Slide 2: Delivering our strategy
Delivering our strategy For personal use only Lorem ipsum re pe sincid et ut provit unt eicto odit rem qui ni Operate amust am, voluptas aut que ne cum faccae moluptatem Deliverfuga. our operating performance Quis ab ius, ati commitments auditatquiae ex expedio To be a leader nemquia tendus. Grow in
Slide 3: Quarter highlights
Quarter highlights For personal use only PRODUCTION SALES OPERATIONS 2% vs Dec Q 3% vs Dec Q P680 Primary Rejection facility achieves 179.0 k dmt 165.1 k dmt nameplate produced shipped production capacity GROWTH OFFTAKE PARTNERING P680 and P1000 Offtakes added Joint study with expansion projects to
Slide 4: Operate
For personal use only Operate 4
Slide 5: Health and safety
Health and safety For personal use only 3.73 total recordable injury frequency rate (TRIFR)1 1.5 Quality safety interactions2 completed per 1,000 hours worked (target 1.0) 1 Rolling 12-month indicator as at 31 March 2024 2 Quality safety interactions are a leading indicator. The measurement is as at
Slide 6: New monthly production record
New monthly production record For personal use only • Month of March achieved P680 nameplate Quarter on quarter performance production capacity resulting in record monthly 200,000 production. 179,006 • Early March Quarter production impacted by Quarterly spodumene production (dmt) 160,000 adverse we
Slide 7: Grow
For personal use only Grow 7
Slide 8: P680 Project - crushing and ore sorting facility
P680 Project - crushing and ore sorting facility For personal use only • Project remains on schedule and budget. • Structural, mechanical, piping, electrical and instrumentation works commenced. • Delivery and installation of steel and mechanical equipment continued. • Commissioning remains targeted
Slide 9: P1000 Project – taking shape
P1000 Project – taking shape For personal use only • Project remains on schedule and budget. • Bulk earthworks and engineering deliverables completed. • Concrete construction and underground services work progressed. • First consignment of steel and modular units complete and being shipped to WA. •
Slide 10: Chemicals
For personal use only Chemicals 10
Slide 11: Strategically positioned to capture value across the supply chain
Strategically positioned to capture value across the supply chain For personal use only Upstream Mid-Stream Downstream Spodumene concentrate Lithium enriched product Lithium hydroxide ~5.2% >16% >99% purity lithia content1 lithium metal technical grade battery grade 2 3 1. Average grade of spodumene
Slide 12: Downstream chemicals facility with POSCO
Downstream chemicals facility with POSCO For personal use only 18% equity interest with call option to increase to 30% in a 43,000 tpa lithium hydroxide facility in Gwangyang, South Korea in joint venture with POSCO. Train 1 production commenced Commissioning completed and ramp up of production comm
Slide 13: Joint downstream partnering study
Joint downstream partnering study For personal use only Binding term sheet Option to form joint Joint feasibility study signed with Ganfeng venture • Leading lithium chemical • ~32 ktpa lithium • Pending study outcomes converter with +20 years conversion plant and FID experience • Location assessmen
Slide 14: March Quarter Financials
For personal use only March Quarter Financials 14
Slide 15: Mar FY24 Quarter – vs Prior Quarter
Mar FY24 Quarter – vs Prior Quarter For personal use only Summary Operational and Financial Metrics1 Units Dec Q FY24 Mar Q FY24 (%) • Revenue of $192M was 27% lower than prior Quarter due to a 28% decline in average realised price partly offset by a 3% increase in sales volume. Production volume k
Slide 16: Mar FY24 Year to Date – vs Prior Year
Mar FY24 Year to Date – vs Prior Year For personal use only Summary Operational and Financial Metrics1 Units Mar YTD FY23 Mar YTD FY24 (%) • Revenue of $950M in YTD FY24. Revenue of $950M represents a 70% decline on the prior corresponding period (pcp) largely driven by close to Production volume k
Slide 17: Mar Qtr FY24 – Cash Flow Bridge
Mar Qtr FY24 – Cash Flow Bridge For personal use only Cash Flow Bridge – 31 December 2023 to 31 March 2024 • Cash balance remains strong at $1.8B. • Total change in cash of -$362M declined from $2.1B to $1.8B due to lower receipts from customers driven largely by lower pricing combined with continue
Slide 18: Market
For personal use only Market 18
Slide 19: Growth in global EV sales drive long-term demand for lithium
Growth in global EV sales drive long-term demand for lithium For personal use only Global EV sales Annual lithium demand 60 4,000 50 3,500 3,000 40 2,500 CAGR 22% (estimate) CY23 - CY28 Millions kt LCE 30 2,000 57.7 32% growth 1,500 20 CY22 - CY23 35.1 1,000 10 500 13.7 10.4 6.5 3.2 - - 2020 2021 20
Slide 20: Questions
For personal use only Questions 20
Slide 21: Contacts
Contacts For personal use only Investor Relations James Fuller Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pilbaraminerals.com.au Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 21
Slide 22: Appendices
For personal use only Appendices 22
Slide 23: Physicals summary
Physicals summary For personal use only Total Ore Mined and Processed UNITS Mar Q FY23 Jun Q FY23 Sep Q FY24 Dec Q FY24 Mar Q FY24 YTD FY24 Ore mined wmt 1,225,563 1,271,150 1,411,017 1,618,748 1,535,521 4,565,286 Waste material wmt 6,572,687 7,311,878 7,741,062 7,965,907 7,761,304 23,468,273 Total
Slide 24: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 19 April 2024. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an off
Slide 25: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects For personal use only 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