Slide 1: Creating a Resilient North American Anode Supply Chain
Syrah Resources Creating a Resilient North American Anode Supply Chain Benchmark Week November 2024 syrahresources.com.au Company Presentation Syrah Resources | ASX: SYR1 12 November 2024
Slide 2: Important notice and disclaimer
Important notice and disclaimer 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 any jurisdiction. Thi
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 Natural graphite and Syrah is the only Balama is an up to Ramping up AAM demand is op
Slide 4: Syrah's Positive ESG Profile
Syrah’s Positive ESG Profile Leading ESG standards Best practice sustainability Low carbon footprint Auditable back to source frameworks ✓ ISO:45001 and ISO:14001 ✓ Sustainability frameworks guided ✓ Independent life cycle assessment ✓ Fully integrated by Syrah from certification at Balama by: (“LCA
Slide 5: China is dominant in the graphite anode supply chain
China is dominant in the graphite anode supply chain The EV and battery supply chain is currently dependent on China for 99% of natural graphite AAM precursor and 97% of finished synthetic graphite AAM USA USA USA 0% 0% 0% China China China Natural Graphite 67% Europe 99% Europe 79% Europe 0% 0% 0%
Slide 6: Active Anode Material Market Conditions
Active Anode Material Market Conditions Global EV sales1 vs. China Anode Production2 Anode Prices and Graphitisation Costs vs. China Anode Production2,3 60 240 1,800 200 1,600 50 200 1,400 160 40 160 1,200 1,000 120 30 120 800 80 20 80 600 400 40 10 40 200 0 0 0 0 Jul-21 Jul-22 Jul-23 Jul-24 May-21
Slide 7: Natural Graphite Feedstock Market Conditions
Natural Graphite Feedstock Market Conditions China Natural Graphite Production vs. China Anode Production1 Natural Graphite Fines Prices vs. China Natural Graphite Import / Export Balance2,3 240 1,000 25 20 200 15 160 10 800 5 120 0 -5 80 600 -10 -15 40 -20 0 400 -25 Mar-21 May-21 Jul-21 Nov-21 Mar-
Slide 8: China AAM export price is declining
China AAM export price is declining China spherical graphite exports (kt) China natural graphite AAM exports (kt) Japan South Korea USA Other Column1 Average Price Japan USA South Korea (US$/kg FOB) (RHS) Hungary Other Average Price Column1 75 $4.0 100 (US$/kg FOB) (RHS) $6.0 $3.0 75 50 $5.0 $2.0 50
Slide 9: Intersection of Government and market factors
Intersection of Government and market factors Developments in any one of these factors could materially change near-term requirements for Syrah’s products, as there are limited other ex-China suppliers that can meet near-term demand Discretionary Chinese graphite export license Potential change to U
Slide 10: Massive benefits from IRA tax credit are accruing to auto OEMs and battery manufacturers in 2024
Massive benefits from IRA tax credit are accruing to auto OEMs and battery manufacturers in 2024 These IRA credits will continue to accrue to auto OEMs and battery manufacturers, and in some cases significantly increase, in 2025 with potentially very limited support being provided to non-FEOC graphi
Slide 11: EV and battery supply chain investments are generating growth
EV and battery supply chain investments are generating growth The supply chain is benefiting from existing US Government policies Roll-back or full repeal of IRA unlikely given EV/battery supply chain investments and job creation 7% 2030 battery 1,300 capacity GWh 93% 13% US 40 gigafactories Giga- b
Slide 12: A Republican Administration: What it means for non-FEOC graphite
A Republican Administration: What it means for non-FEOC graphite Focus on developing domestic manufacturing, unfair competition from China and relaxation of EV adoption subsidies Possible policy changes and potential impacts on EV Impact on and battery supply chain Syrah New and increased (60%) tari
Slide 13: [Pictures of Vidalia]
[Pictures of Vidalia] Company Presentation 13
Slide 14: Company Presentation
Company Presentation 14
Slide 15: Vidalia AAM technical performance
Vidalia AAM technical performance Particle size and surface area Graphite purity Full cell cycle life testing 20 100.00 4.8 ▪ Cycle life testing of customers’ 4.4 19 4.0 99.98 proprietary cells is the longest 3.6 lead time test, typically taking d50 (microns) SSA (m2/g) 3.2 Purity (%) 18 99.96 2.8 u
Slide 16: Vidalia is the cornerstone of Syrah's downstream business
Vidalia is the cornerstone of Syrah’s downstream business Downstream expansion is underpinned by Balama’s world-class resource Vidalia, USA Asia (ex-China) Joint Venture / Tolling (>20ktpa) Technology Support to Third-Party (ex-China) Partners (>50ktpa) Europe Joint Ventures (>20ktpa) Production Bas
Slide 17: Our Valuation Proposition
Our Valuation Proposition Syrah is leading ex-China natural graphite and anode material production capacity and sales growth Vertical Operating and Cost Position ESG Position Expansion Integration Development Potential ▪ Natural graphite ▪ Largest integrated ▪ Cost competitive ▪ Leading ESG ▪ Signif
Slide 18: Syrah Resources
Syrah Resources Creating a Resilient North American Anode Supply Chain Benchmark Week November 2024 syrahresources.com.au Company Presentation Syrah Resources | ASX: SYR 18 12 November 2024