Stardust Power Inc. · NASDAQ:SDST
Stardust Power — SPAC Merger (May 2024)
31 slides from Stardust Power's SPAC merger presentation, May 2024
Slide 1: Investor Presentation May 2024
3 Li 6.94 INVESTOR PRESENTATION May 2024
Slide 2: Forward-Looking Statements and Disclaimers (1/2)
Forward-Looking Statements and Disclaimers (1/2) The information included herein and in any oral statements made in connection herewith include “forward- looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act” and Section 21E of the Secur
Slide 3: Forward-Looking Statements and Disclaimers (2/2)
Forward-Looking Statements and Disclaimers (2/2) Important Information About the Business Combination and Where to Find It In connection with the proposed business combination, GPAC II has filed a Registration Statement with the SEC that includes a preliminary prospectus with respect to GPAC II’s se
Slide 4: Transaction Overview
TRANSACTION OVERVIEW Transaction Highlights Sources and Uses ($M) Deal Structure Sources Uses • The Stardust Power existing shareholders will roll 100% of their equity and will own a pro forma equity ownership of 77.6% at close • The GPAC sponsor will retain 3.0M promote shares at close Stardust Pow
Slide 5: GPAC II Overview
Chandra R. Patel CHAIRMAN & CEO OF GPAC II GPAC II: Overview • Founder and Managing Partner at Antarctica Capital • Chairman of Endurance Acquisition Corp until De-SPAC GPAC II Overview • Global Partner Acquisition Corp. II (NASDAQ: GPAC; GPACW; GPACU) is a Nasdaq- listed special purpose acquisition
Slide 6: Stardust Power is Contributing to U.S. Energy Independence
Stardust Power is Contributing to U.S. Energy Independence with the Production of Battery-Grade Lithium Used in EVs Investor Presentation 3 Li 6.94 2024 6
Slide 7: Stardust Power Inc. At a Glance
Stardust Power Inc. At a Glance • Development stage American manufacturer of battery-grade lithium products designed to supply the electric vehicle (EV) industry • Contributing to secure America’s leadership in the energy transition Investor Presentation • Developing strategically located lithium
Slide 8: Key Investment Highlights
Key Investment Highlights One of the Largest Lithium Brine Refineries Geographic Advantage • Constructing one of the largest lithium refineries in the US • Centrally located near multiple US battery manufacturers • Annual battery-grade lithium capacity of up to 50,000 tonnes • Access to multiple U.S
Slide 9: Experienced Team
EXPERIENCED TEAM Roshan Pujari – Co-Founder, CEO Pablo Cortegoso – Co-Founder, CTO • CEO and Co-founder of Stardust. • Co-Founder and CTO of Stardust. • Over 20 years of experience in investments and transactions • 13 years of experience in civil and mining projects, and demonstrated expertise and d
Slide 10: Stardust Power to Become One of the Largest U.S. Lithium Suppliers
STARDUST POWER TO BECOME ONE OF THE LARGEST U.S. LITHIUM SUPPLIERS Diversified – Upstream and Midstream – with Strong Downstream Partners Phase 1 Phase 2 Maximum Total Annual Lithium Capacity (in tonnes)1 25,000 50,000 Resource Ownership Lithium Refining (Battery Grade) Investor Presentation Greenfi
Slide 11: Bridging the Gap is Critical
Bridging the Gap is Critical Critical Gap • Currently only 2% of global lithium is refined in the U.S.1 4 . Material Refinement • We plan to aid in bridging the existing gap in domestic supply of battery grade lithium products • We plan to be diversified — upstream and downstream — in partnership wi
Slide 12: Lithium Market Overview
3 Lithium Market Overview Li 6.94
Slide 13: Macro Backdrop
Macro Backdrop Background1 • Generational shift in energy and transportation led by consumer demand and government and 56% policy incentives to reduce green house gas emissions In 2022, 56% of Global Refining Capacity was • Lithium plays a vital role in the electrification of our transportation and
Slide 14: Multiple Drivers of Unprecedented Lithium Demand
Multiple Drivers of Unprecedented Lithium Demand Global Market Demand Forecast for Lithium Ion Battery by Application (GWh)1 Lithium demand driven by more than 20-fold increase from use in EVs essential to the global electrification transition2 Total demand for lithium estimated to reach nearly Inve
Slide 15: Significant Deficit Expected in Battery Grade Lithium
SIGNIFICANT DEFICIT EXPECTED IN BATTERY GRADE LITHIUM Battery Grade Supply and Demand Forecast (KT LCE) "Investment has to continue, otherwise there will be more delays to (lithium) timelines that are already massively long" 3,000,000 - Tara Berrie of EV maker Rivian 2,500,000 “Something drastic nee
Slide 16: China Controls the EV Supply Chain
CHINA CONTROLS THE EV SUPPLY CHAIN China’s Share of Lithium Production in full year 2022 U.S. contributes less than 2% of world supply of lithium even though it holds 17% of global lithium reserves1 78% The U.S. has only one lithium-producing mine: Albemarle’s Silver Peak Mine in 70% Clayton Valley,
Slide 17: Up to $257 Million in State Incentives May Be Available
Up to $257 Million in State Incentives May Be Available Strong state support to strengthen Oklahoma’s industrial base. There are numerous incentives to take advantage of. Investor Presentation Cash Incentives Strategic cash incentives are available through the City of Muskogee Foundation via the Str
Slide 18: U.S. Lithium Independence Is a Priority
U.S. LITHIUM INDEPENDENCE IS A PRIORITY Defense Production Act $500 Billion $3 Billion Lithium is a National Of Federal Grants Security Priority Estimated total spending and tax In 2022 President Biden ordered the Department of Defense The Department of Energy funding opportunities for to consider a
Slide 19: Refinery Plant: Proposed Lithium Refinery
Refinery Plant: Proposed Lithium Refinery • Stardust Power has secured approximately 66 acres at Southside Industrial Park in Muskogee, Oklahoma to build the plant. • The strategic location is advantageous from a supply and offtake perspective. Investor Presentation • The site has access to the larg
Slide 20: Success Through People, Partnerships and Process
SUCCESS THROUGH PEOPLE, PARTNERSHIPS AND PROCESS Stardust Power Intends to Limit Technology Risk by Using Best in Class, Established, Proven Technology Partners Site Due Diligence Partner Strategic Partners Focused on exploration and A leading global provider of services development of battery miner
Slide 21: Key Investment Summary
Key Investment Summary Unprecedented Lithium Demand • The worldwide lithium battery market is expected to grow by a factor of 5 to 10 in the next decade1 • Lithium demands are expected to reach 3.8 million metric tons by 20352 Lack of Battery Grade Lithium Product Supply Investor Presentation • Indu
Slide 22: Appendix
7 STARDUST POWER Appendix
Slide 23: Lithium Market | U.S. Demand
LITHIUM MARKET | U.S. DEMAND Significant Battery Manufacturing Capacity (Gigafactories) Coming ~900 Total GWh Announced* Announced Annual EV Battery Manufacturing Capacity by 2030 ~775 Investor Presentation KT of Battery Grade Lithium Products Estimated Demand by 2030 Stardust Power Central Refinery
Slide 24: Support from Government and Industry
SUPPORT FROM GOVERNMENT AND INDUSTRY "First of all, batteries are the constraint here," Ford CEO Jim Farley told Yahoo Finance Live (video “By 2030, the United States and its partners will establish a secure battery materials and above). "Both lithium and nickel are really the key constraining commo
Slide 25: Success Through People, Partnerships and Process: Local Workforce Development
SUCCESS THROUGH PEOPLE, PARTNERSHIPS AND PROCESS Local Workforce Development Quality Jobs Program1 Workforce Training & Job Placement Services2 • 5% of quarterly payroll reimbursed as cash incentive • Customized labor market analysis • 10+ new jobs in first three years • Talent Acquisition Services
Slide 26: Central Refinery Supply Model
CENTRAL REFINERY SUPPLY MODEL A Central Refinery Has the Ability to Accept Multiple Inputs Multiple sources of supply provides diversification of Stardust’s supply chain Central Refinery Produced Water from Oil & Gas Wells Investor Presentation DLE Crystallization of Ship by Impurity Carbonation Bat
Slide 27: Standard Process Flowsheet
STANDARD PROCESS FLOWSHEET Flowsheet and Engineering in Phases is Based on Proven Technology Investor Presentation 2024 Largest inland waterway network in the United States Source: Hatch LTD, Project Readiness Assessment, Unpublished confidential document, Weekly Meeting #3, September 29, 2023 27
Slide 28: The Refinery
Investor Presentation 2024 THE REFINERY Largest inland waterway network in the United States *Architect plans for site 28
Slide 29: Certain Risk Factors (1/2)
Certain Risk Factors (1/2) Risks Related to Stardust Power’s Business, Industry and Economic Condition • Low-cost producers could disrupt the market and be able to provide products cheaper than the Combined Company. • Our limited history makes it difficult to evaluate our business and prospects and
Slide 30: Certain Risk Factors (2/2)
Certain Risk Factors (2/2) • If we are unable to protect the confidentiality of our proprietary information or trade secrets, our business • The reduction or elimination of government subsidies and economic incentives for alternative energy and competitive position may be harmed. technologies, or th
Slide 31: Contact Information
Investor Presentation CONTACT INFORMATION CONTACT INFORMATION Investor.Relations@Stardust -Power.com info@gpac2.com +1 800 742 3095 +1 646 585 8975 Stardust Power, Inc. GPAC II 15 E Putnam Ave #378 200 Park Ave, Fl 32 Greenwich, CT 06830 New York, NY 10166 United States United States 2024