Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Shareholder Meeting (November 2021)
37 slides from Pls's shareholder meeting presentation, Nov 16, 2021
Slide 1: AGM Presentation
For personal use only AGM Presentation Ken Brinsden CEO/MD Tuesday, 16 November 2021 ASX: PLS / BBG: PLS AU
Slide 2: Important Notices
Important Notices Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 16 November 2021. This document is provided for informational purposes and does not constitute or contain an offer, i
Slide 3: Important Notices: Mineral Resources and Ore Reserves
For personal use only Important Notices Mineral Resources and Ore Reserves Recipients of this presentation outside Australia should note that it is a requirement of the Australian Securities Exchange listing rules that the reporting of ore reserves and mineral resources in Australia comply with the
Slide 4: Important Notices: No new information statement
For personal use only Important Notices No new information statement Information in this presentation relating to Mineral Resource and Ore Reserve estimates is extracted from the ASX releases dated 6 September 2021 and 6 October 2021. Pilbara Minerals confirms that it is not aware of any new informa
Slide 5: Board and Executives
AGM Presentation FY2021 Board and Executives For personal use only Tony Kiernan AM Sally-Anne Layman Steve Scudamore Nick Cernotta Miriam Stanborough DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR Ken Brinsden Alex Eastwood Brian Lynn Dale Henderson MANAGING DIRECTOR COMPANY SECRETARY CHIEF FINANCE CH
Slide 6: Agenda
AGM Presentation FY2021 Agenda For personal use only 1. Chairman’s Address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 6
Slide 7: Chairman's Address
For personal use only Click Clickto to edit editMaster Master Chairman’s Address title titlestyle style Click ClicktotoTony edit editMaster Kiernan Mastertext styles textAM styles
Slide 8: Agenda
AGM Presentation FY2021 Agenda For personal use only 1. Chairman’s Address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 8
Slide 9: Online Attendees – Text Question Process
Online Attendees – Text Question Process For personal use only 123-456-789 When the question function is available, the messaging tab will appear at the top of the screen To submit a question, type your question in the “Ask a question” box and press the send arrow Your question will be sent immediat
Slide 10: Online Attendees – Audio Question Process
Online Attendees – Audio Question Process For personal use only 123-456-789 When the audio questions line is available, a link will appear on the home tab titled Asking Audio Questions If you would like to ask an audio question, pause the meeting broadcast and click on the link You will be prompted
Slide 11: Online Attendees - Voting
Online Attendees - Voting For personal use only 123-456-789 When open, the vote will be accessible by selecting the voting tab at the top of the screen To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For Against Abstain There is n
Slide 12: Agenda
AGM Presentation FY2021 Agenda For personal use only 1. Chairman’s Address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 12
Slide 13: Overview of Proxy Votes
AGM Presentation FY2021 Overview of Proxy Votes For personal use only Resolution FOR AGAINST ABSTAIN DISCRETIONARY 1,317,715,658 6,732,403 8,188,647 6,306,891 Resolution 1 – Remuneration Report 99.03% 0.50% N/A 0.47% Resolution 2 – Election of Ms Miriam 1,323,314,583 1,658,714 8,225,233 6,316,002 St
Slide 14: Resolution – Remuneration Report
AGM Presentation FY2021 Resolution 1 – Remuneration Report For personal use only To consider and, if thought fit, to pass VOTING NUMBER % with or without amendment, as an INTENTION ordinary resolution the following: For 1,317,715,658 99.03% “That, pursuant to and in accordance Discretionary 6,306,89
Slide 15: Resolution – Election of Ms Miriam Stanborough
AGM Presentation FY2021 Resolution 2 – Election of Ms Miriam Stanborough For personal use only To consider and, if thought fit, to pass VOTING NUMBER % with or without amendment, as an INTENTION ordinary resolution the following: For 1,323,314,583 99.41% “That, pursuant to and in accordance Discreti
Slide 16: Resolution – Issue of Employee Options and Performance Rights to Mr Ken Brinsden
AGM Presentation FY2021 Resolution 3 – Issue of Employee Options and Employee Performance Rights to For personal use only Mr Ken Brinsden To consider and, if thought fit, to pass with or without VOTING NUMBER % amendment, as an ordinary resolution the following: INTENTION “That, pursuant to and in a
Slide 17: Agenda
AGM Presentation FY2021 Agenda For personal use only 1. Chairman’s Address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 17
Slide 18: It's Been a Big Year for Pilbara Minerals
AGM Presentation FY2021 It’s Been a Big Year for Pilbara Minerals For personal use only World’s largest One operation with ASX200 Growth and independent hard two processing >$7B market cap diversification rock lithium plants opportunities operation 18
Slide 19: One Operation, Two Processing Plants
AGM Presentation FY2021 One Operation, Two Processing Plants For personal use only Targeting expanded production capacity to 560-580,000 tpa spodumene concentrate by mid-CY2022, maximising participation in rapid demand growth • Products: ‐ ~5.5% - 6% Li2O spodumene concentrate ‐ +5% primary tantalit
Slide 20: Market Growth
AGM Presentation FY2021 Market Growth For personal use only UK and Europe • World’s largest EV market in 2020 • A market that will be dominated by high-nickel cathode batteries driving lithium hydroxide demand China • EV sales strong • Addressable market growth, domestic China - LFP ‘pack’ technolog
Slide 21: Market Growth: Industry Trends
AGM Presentation FY2021 High-nickel cathode materials monthly production (tonne) Market Growth For personal use only Rising demand for materials needed for renewable energy and e-mobility Future demand (2030 and 2050) Industry Trends as a multiple of current demand* • Spodumene chemical conversion d
Slide 22: Rapid Re-emergence from Moderated Production
AGM Presentation FY2021 Rapid Re-emergence from Moderated Production For personal use only Steady increase in production during second half of FY2021 in response to increasing customer demand (FY2021 production 281.1kt, FY2021 shipments 281.4kt) 100,000 95,972 91,549 90,000 85,759 Quarterly spodumen
Slide 23: FY2021 Production and Sales
For personal use only AGM Presentation FY2021 FY2021 Production Produced – Shipped – Sales – and Sales 281,098 dmt 281,440 dmt $175.8M Spodumene concentrate FY2021 Financial Cash Gross Margin of Unit Cash Operating Cost Result Impacted by: $46.2M1 $519/dmt CIF China2 • Improved margin from operation
Slide 24: Cash Balance Increased to $99.7M at June 2021
AGM Presentation FY2021 Cash balance increased by $13.4M to $99.7M at 30 June 2021. Cash-flow Waterfall1 For personal use only Significant cashflow movements: • net $36.0M inflow associated with operating activities (being receipts of $158.6M and costs paid to suppliers and employees of $122.6M); •
Slide 25: FY22 Guidance
AGM Presentation FY2021 FY22 Guidance For personal use only Production and Sales Unit Cash Operating Cost Spodumene Concentrate FY2022 Guidance Target beyond FY2023 A$525-A$575/dmt CIF China (US$395 -US$430/dmt1) A$450-A$500/dmt CIF China (US$340-US$375/dmt1) Forecast production - 460-510,000 dmt Co
Slide 26: Upstream Expansion Strategy
AGM Presentation FY2021 Upstream Expansion Strategy For personal use only Flexible growth pathway to capture growing demand in the market and increase revenue Pilgangoora asset supports: • phased expansion up to and beyond ~1Mtpa in production capacity Spodumene Concentrate SC6 (ktpa) • potential fo
Slide 27: Battery Material Exchange (BMX) Summary
AGM Presentation FY2021 Battery Material Exchange (“BMX”) Summary For personal use only BMX1 - Inaugural online auction of spodumene concentrate delivers outstanding success 10,000 dmt spodumene 62 online bids from 17 independent buyers Five individual groups bid ≥US$1,100 /dmt Letter of Credit pres
Slide 28: Battery Grade Chemicals Price vs Contributing Cost
For personal use only AGM Presentation FY2021 Battery Grade Chemicals Price (Ex-Works China) vs Contributing Cost GLX platform designed to 30000 efficiently support the ‘spot sales’ market opportunity 25000 Cost/Margin/Price (per tonne LCE) 20000 Sept 2021 BMX Sales price/cost 15000 (LCE basis) Wher
Slide 29: Current Market Pricing
AGM Presentation FY2021 Current Market Pricing For personal use only On 29 July 2021, Pilbara Minerals held its inaugural BMX auction of 10kt SPC 5.5% and achieved a price of US$1,250/dmt(FOB. Equivalent to USD$1,400+/dmt (SC6.0, CFR China basis) Since the inaugural BMX auction, carbonate and hydrox
Slide 30: Downstream Lithium Chemicals Joint Venture with POSCO
AGM Presentation FY2021 Downstream Lithium Chemicals Joint Venture with POSCO 1 For personal use only • JV to jointly develop and own a 43ktpa LHM primary lithium hydroxide chemical processing facility • Pilbara Minerals will initially hold an 18% interest in the JV, funded largely from the previous
Slide 31: A Diversified Product Suite
AGM Presentation FY2022 A Diversified Product Suite For personal use only Positioning to capture value throughout the entire lithium raw material and chemical supply chain Upstream Midstream Downstream Spodumene Lithium Salts Lithium Fine Concentrate 6% Li20 >35% Li20 Chemicals Pilgangoora Scoping S
Slide 32: Midstream – JV with Calix: Exploring Value-Added Green Products
AGM Presentation FY2021 Midstream – JV with Calix (ASX:CXL) Exploring Value-Added Green Products For personal use only (Lithium Salts) Mine site Chemical Plant Battery / Cathode Conventional spodumene supply chain: (hard rock concentrator) (converter) maker • Carbon intensive • Aluminosilicates ship
Slide 33: Sustainability Highlights
AGM Presentation FY2021 Sustainability Highlights For personal use only • Initiated full disclosure against the Sustainability Accounting Standards Board framework1 ahead of schedule • Commenced work on meeting commitment to move towards net zero emission (scope 1 and 2) • Initiated assessment of cl
Slide 34: Sustainable Financing - Power Purchase Agreement
AGM Presentation FY2021 Sustainable Financing - Power Purchase Agreement 1 For personal use only • Clean Energy Finance Corporation funding which supports meeting new internal low emissions targets2 • 6MW Solar Farm commitment • Displaces 3.8 million litres of diesel fuel per annum • Saves over 9,90
Slide 35: Agenda
AGM Presentation FY2021 Agenda For personal use only 1. Chairman’s Address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 35
Slide 36: Questions?
AGM Presentation FY2021 Questions? For personal use only 36
Slide 37: Thank you
For personal use only Thank you Follow us on www.pilbaraminerals.com.au ASX: PLS
Pilbara Minerals — Shareholder Meeting (November 2021) on 6ix