Syrah Resources Limited · ASX:SYR
Syrah Resources — Diggers & Dealers 2022 / Benchmark Minerals Intelligence Graphite + Anodes
17 slides from Syrah Resources's conference presentation, Nov 14, 2022
Slide 1: Benchmark Minerals Intelligence Graphite + Anodes
For personal use only Presentation title Date here Benchmark Minerals Intelligence Graphite + Anodes November 2022 syrahresources.com.au Syrah Resources Limited – ABN 77 125 242 284 ASX: SYR DIGGERS & DEALERS – 14 November 2022 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, Investor Relations invitation, solicitation or recommendation in relation to the purchase or sale of shares in
Slide 3: Our Position
Our Position Syrah is a major ex-China natural graphite and active anode material (AAM) supplier for global customers, with upstream and downstream expansion potential underpinned by its world-class Balama resource For personal use only Natural graphite and Syrah is the only Balama is a 350ktpa Vida
Slide 4: Our ESG Profile
Our ESG Profile For personal use only Best practice Leading ESG standards Low carbon footprint Auditable back to source sustainability frameworks ✓ ISO:45001 and ISO:14001 certification at ✓ Sustainability frameworks guided by the ✓ Lower carbon emissions footprint (life ✓ Fully integrated by Syrah
Slide 5: EV sales and anode production volumes continue to strengthen
EV sales and anode production volumes continue to strengthen For personal use only YTD 2022 Global EV Sales (‘000 Units)1 +70% Chinese Anode Production (kt)2 1,000 +67% +76% +69% on YTD 2021 130 +76% +57% 800 +76.5% +61% CAGR 20-22 +92% 600 +105% +31% 61 400 38 200 0 Mar 20 Mar 21 Nov 21 Mar 22 Sep
Slide 6: Battery and natural graphite fines demand is in the early stages of growth
Battery and natural graphite fines (-100mesh) demand is in the early stages of growth – driven by EV adoption For personal use only Global EV Sales (Millions) Lithium-ion Battery Capacity (GWh) Natural Graphite Demand (kt) 100 80% 8,000 10,000 90 9,000 70% 7,000 80 8,000 60% 6,000 70 7,000 50% 5,000
Slide 7: North American battery market is maturing rapidly
North American battery market is maturing rapidly For personal use only Location of Planned Battery Manufacturing Capacity in North America North American battery manufacturing capacity1 2021 56 GWh LOCATION: OH LOCATION: TN LOCATION: MI SIZE: 35 GWh SIZE: 35 GWh SIZE: 50 GWh LOCATION: SC STATUS: Un
Slide 8: Graphite is a high intensity material in EV batteries
Graphite is a high intensity material in EV batteries, with costs / emissions expected to drive shift towards natural graphite For personal use only Battery Mineral Composition of Batteries1 Natural Graphite Demand for Batteries2 100% 2022 Silicon LTO Other 1% 1% 0% MCMB 0% Natural 35% Metal Composi
Slide 9: Vertically integrated supply chain underpins Syrah strategy
Vertically integrated supply chain underpins Syrah strategy Syrah’s vision is to be the world’s leading supplier of superior quality graphite and For personal use only anode material products, working closely with customers and the supply chain to add value in battery and industrial markets Sites/Lo
Slide 10: Our Unique Downstream Position
Our Unique Downstream Position ✓ Strategy to co-locate with customers in USA to process high grade Balama graphite feedstock processed at Vidalia using market- For personal use only standard milling, purification and surface treatment processing with improved emissions and water management ✓ Mass ma
Slide 11: Syrah aims to become a leading supplier of anode products
Syrah aims to become a leading supplier of anode products Our expansion strategy is underpinned by Balama’s world-class resource For personal use only Vidalia, USA Potential Asia Tolling (>20ktpa) Europe Production Base and Vidalia Secondary Potential Further Vidalia Customer Vidalia Initial Target
Slide 12: Qualification processes are required for mass scale supply
Qualification processes are required for mass scale supply For personal use only Syrah has completed years of qualification processes with tier 1 Syrah is engaged with tier 1 customers that operate, are constructing customers to underpin commercial engagement for AAM supply and/or are planning subst
Slide 13: Balama Highlights
Balama Highlights ✓ 50+ year reserve-backed mine life For personal use only ✓ 350ktpa natural graphite production capacity weighted to fine flake – with further expansion readily deliverable ✓ Simple, low strip, open pit mining and conventional processing to 94-98% carbon grade product ✓ Process pla
Slide 14: Balama is a differentiated tier asset
Balama is a differentiated tier 1 asset Most induced projects are expected to be higher cost and coarse flake weighted For personal use only Ex-China Natural Graphite Reserves Size and Grade 1 BALAMA CUT-OFF GRADE2 20 Africa 18 North America Contained Graphite Reserves (Mt) 16 Other 14 BALAMA (7.2%
Slide 15: Almost all growth in natural graphite demand is for fine flake
Almost all growth in natural graphite demand is for fine flake consumed in the battery anode market For personal use only Global natural graphite fines (-100mesh) market balance (Mt)1 ▪ Fine flake (-100mesh) products supply the battery anode 4 market, not coarse flake ▪ ~80% of current Balama produc
Slide 16: New natural graphite mine supply requires time and capital
New natural graphite mine supply requires time and capital Market entry from construction through ramp up is challenging, capital intensive and time consuming For personal use only New projects require significant funding: 45 greenfield natural 40 listed graphite projects (ex- companies China) Sourc
Slide 17: Our Position
Our Position Syrah is a major ex-China natural graphite and AAM supplier for global customers, with upstream and downstream expansion potential underpinned by its world-class Balama resource For personal use only Natural graphite and Syrah is the only Balama is a 350ktpa Vidalia is building an AAM d
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