Compass Minerals Intl Inc · NYSE:CMP
Compass Minerals Intl — Compass Minerals International — Fastmarkets Lithium Supply and Markets Conference 2021
15 slides from Compass Minerals Intl's conference presentation, Sep 20, 2021
Slide 1: Compass Minerals Lithium: Sustainable and Domestic
1 © 2021 Compass Minerals. Not for distribution. Compass Minerals Lithium: Sustainable and Domestic Ryan Bartlett, Ph.D. Chief Strategy Officer Fastmarkets Lithium Supply and Markets Conference September 20, 2021
Slide 2: Forward-Looking Statements and Other Disclaimers
2 FORWARD-LOOKING STATEMENTS AND OTHER DISCLAIMERS This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the anticipated development of the lithium resource at the company’s
Slide 3: Why Are We Here Today?
3 WHY ARE WE HERE TODAY? INTRODUCE Compass Minerals FRAME the importance of lithium development in North America SHARE our lithium value proposition
Slide 4: Focused on sustainability and safety
4 4 Focused on sustainability and safety Our Workforce. We strive to create a safe and inclusive workplace where everyone has a voice and every voice matters Our Communities. We value partnerships with local stakeholders and play an integral role in supporting local economies Our Environment. We are
Slide 5: Global race for lithium supply is accelerating; North American supply is limited
5 1. Based on 2016-19 import source shares and 2020 total imports for consumption, USGS [XX] 2020 US inflows of lithium1, thousands of metric tons of lithium content “President Biden Outlines Target of 50% Electric Vehicle Sales Share in 2030 to Unleash Full Economic Benefits of Build Back Better Ag
Slide 6: Our Lithium Vision
6 Support the North American battery market by accelerating the development of a sustainable, secure domestic lithium supply chain OUR LITHIUM VISION
Slide 7: Time to Market
7 TIME TO MARKET Average project Up to 10 years1 Compass Minerals Lithium ~4 years expected EXPECTED MARKET ENTRY BY 2025 1: Source- USGS, press search, company websites
Slide 8: Our Lithium Value Proposition
8 GLOBAL RACE FOR LI SUPPLY IS ACCELERATING OUR LITHIUM VALUE PRO OSITION Located near the Great Salt Lake, our Ogden, Utah, solar evaporation site has been operating for 50+ years Compass Minerals owns leases for ~160k acres at our Ogden operation Our Ogden operation has existing infrastructure use
Slide 9: Current Ogden Operations – General Brine Flow
9 CURRENT OGDEN OPERATIONS – GENERAL BRINE FLOW Ogden Grantsville Salt Lake City Great Salt Lake – South Arm Provo and Jordan Rivers Weber River West Ponds East Ponds Great Salt Lake – North Arm Legend Union Pacific RR Causeway Behrens Trench Brine flow through the lake Existing pond structure Bear
Slide 10: Sustainable lithium extraction from the Great Salt Lake
10 South Arm North Arm Four rivers feed the Great Salt Lake, carrying lithium and other minerals 1 Over time, brine concentrates in the ponds 3 We plan to extract 20- 25 kt per year with direct lithium extraction technology 4 Once lithium is removed, the brine will be further processed to other prod
Slide 11: Ogden Asset Development Timeline
11 Ogden Asset Development Timeline EXTENSIVE EXPERIENCE OPERATING IN THE GREAT SALT LAKE 1962 – Lithium Corporation of America leased 55,000 acres of Great Salt Lake lakebed to prospect lithium for the Pentagon’s nuclear program 2018 – Initiated exploration and sampling campaign to define the lithi
Slide 12: Capable and Ready to Deliver Our Vision
12 CAPABLE AND READY TO DELIVER OUR VISION We anticipate a lower emissions footprint compared to other projects because we use brine that is already being processed We expect to be cost competitive due to synergy with existing operations As a long-standing operator and engaged stakeholder on the Gre
Slide 13: Thank You, Questions?
THANK YOU, QUESTIONS?
Slide 14: Appendix
14 APPENDIX
Slide 15: Reconciliation of Non-GAAP Information
15 RECONCILIATION OF NON-GAAP INFORMATIONRECONCILIATION OF NON-G AP INFORMATION1 Reconciliation for EBITDA and Adjusted EBITDA (unaudited) (in millions) Twelve months ended December 31, 2020 Net earnings $ 42.6 Interest expense 62.7 Income tax expense 1.9 Depreciation, depletion and amortization 117
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