Liontown Limited · ASX:LTR
Liontown — H1 FY2025 Earnings Presentation
22 slides from Liontown's earnings presentation, Mar 14, 2025
Slide 1: Half year results presentation
ASX: LTR www.ltresources.com.au 14 March 2025 Half year results presentation Liontown Resources Limited (ASX : LTR) (the Company) has released its half-year financial results for the period ended 31 December 2024. A copy of the presentation is enclosed. Half year reporting webcast details CEO and Ma
Slide 2: 2025 Half Year Financial Results
DRAFT – NOT FOR FURTHER DISTRIBUTION 2025 Half Year Financial Results Tony Ottaviano, Managing Director and CEO Jon Latto, Chief Financial Officer Adam Smits, Chief Operating Officer 14 March 2025 ASX: LTR ltresources.com.au
Slide 3: Important Information
Important Information Important Information This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, 'guides', ‘expects’, 'anticipates', 'indicates' or ‘intends’ and variations of these words other similar words t
Slide 4: Important Information – Competent Persons Statements
Important Information Competent Persons Statements The Information in this Presentation that relates to Mineral Resources for the Buldania Project is extracted from The Information in this Presentation that relates to Mineral Resources for the Kathleen Valley Project is extracted from the ASX announ
Slide 5: Committed to Safety and ESG across all operations
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Committed to Safety and ESG across all operations Safety LTIFR TRIFR 0.66 4.59 ESG Renewable Female Tjiwarl contracts Environmental Power Workforce awarded Approvals >80% delivered for the period 23% as at 31 December 2024 2 for the period 3 recei
Slide 6: H1 FY25: Strong operational and financial results
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES H1 FY25: Strong operational and financial results The first six months of FY25 delivered the successful commencement of spodumene concentrate production at Kathleen Valley Operational Performance Financial Outcomes1 Concentrate Production Concentr
Slide 7: Operational Performance
Operational Performance 6
Slide 8: Strong delivery across key plant measures in just five months
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strong delivery across key plant measures in just five months Lithia recovery and plant availability Recovery - average (%) Plant Availability - average (%) Delivering first production on time, ramp-up progress 92% 87% 91% 83% continues to meet or
Slide 9: Kathleen Valley physicals
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Kathleen Valley physicals Mining Units Q1 FY25 Q2 FY25 H1 FY25 Open pit ore mined (incl OSP) kt 589 1,138 1,728 Geology: • Excellent grade and tonnes reconciliation from the open pit Open pit waste mined kt 3,361 1,506 4,867 • Second phase of open
Slide 10: Financial Results
Financial Results 9
Slide 11: FY25 half-year profit and loss summary
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES FY25 half-year profit and loss summary Financials reflective of commissioning and ramp-up of the Kathleen Valley Lithium Operation (KV) 31 December 2024 • Revenue for the period totalled $100.4M, based on sales of $’000 92,172 dmt and an average r
Slide 12: Strong sales & EBITDA in first five months of operations
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strong sales & EBITDA1 in first five months of operations Solid financial performance with $100M of sales revenue, and positive H1 FY25 EBITDA1 A$m 44 (30) • Sales revenue of $100M during ramp-up 100 (53) 39 (19) (7) • Capitalised commissioning co
Slide 13: Strong cash position of $192.9M as at 31 Dec 24
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Strong cash position of $192.9M as at 31 Dec 24 A$’M 31 December 2024 30 June 2024 Current Assets • Cash and cash equivalents of $192.9M as at 31 December 2024 Cash and cash equivalents 192.9 122.9 Trade and other receivables 19.7 8.3 Inventories
Slide 14: Working Capital: Strategic investment in ore stockpiles
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Working Capital: Strategic investment in ore stockpiles Ore stockpiles will support the transition to underground operations Inventories at 31 Dec 24 • Cash and cash equivalents of $192.9M at 31 December 1,302kt 25kwmt 2024 • ROM Inventories of 1.
Slide 15: FY25 Half-Year Cash Flow Summary
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES FY25 Half-Year Cash Flow Summary Solid financial performance with net cash from operating activities of $16.7M1 for the December quarter and $192.9M in cash at 31 December 2024 A$m 92 (135) • Net cash from financing activities was $359.8M 372 (10)
Slide 16: Customer led low covenant debt financing
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Customer led low covenant debt financing Total debt (A$M) Net gearing ratio of 46%1 327 ü A$300M facility plus capitalised interest ü US$250M convertible notes issue. Foreign Investment Review Board (FIRB) approval received 28 February 2025 ü Low
Slide 17: Disciplined capital allocation
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Disciplined capital allocation Our capital allocation framework supports shareholder returns through asset value growth, earnings, and dividends, all while managing balance sheet risk Growth through Kathleen Valley full potential, as well Growth a
Slide 18: Resilient in the current market – key pillars
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Resilient in the current market – 3 key pillars Continuing business optimisation and cost savings • Disciplined ongoing cost and capital management. • Realised $31M of cost savings and deferrals as at 31 December 2024 • Future expansion optionalit
Slide 19: Market Update
Market Update 18
Slide 20: Long term lithium demand growth is stronger than ever
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Long term lithium demand growth is stronger than ever Lithium demand by end use (lithium demand, kt LCE) Lithium demand grew 25% YoY in 2024, with a 10% forecasted CAGR through 2035 Robust EV demand growth largely driven by key markets like China
Slide 21: H1FY25: Focus on Kathleen Valley Operation
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES H1FY25: Focus on Kathleen Valley Operation The best strategies endure the cycles; Kathleen Valley Lithium Operation delivered on schedule, discovery to production in six ours is unchanged ü years, construction completed in 19 months Achieved stron
Slide 22: ASX:LTR ltresources.com.au
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES For more information: Leanne Kite Investor Relations Liontown Resources lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 22 ABNNovember 2022 39 118 153 825 ASX:LTR ASX : LTR ltresources.com.au ltresources.com.au