Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Diggers & Dealers Mining Forum 2022
26 slides from Pls's conference presentation, Aug 3, 2022
Slide 1: Powering a Sustainable Energy Future
For personal use only Title Text Powering a Sustainable Subtitle EnergyText Future Diggers & Dealers Mining Forum 2022 Dale Henderson, Managing Director & CEO
Slide 2: Important Notices
Important Notices Not an Offer of Securities This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 3 August 2022. This document is provided for informational purposes and does For personal use only not constitute or contain an off
Slide 3: Important Notices
Important Notices Production and Sale Guidance For personal use only Any production and sales guidance in this presentation is indicative only, based on the Company’s revised budgetary forecasts and other estimates. It is developed in the context of an uncertain operating environment including in re
Slide 4: Pilbara Minerals
Pilbara Minerals Leading ASX-listed lithium company, with 100% ownership of the largest independent hard-rock lithium operation in the world For personal use only ASX100 $8.33B 1 $874.2M 2 listed company market Cap cash at bank Strong June Quarter performance 127% 3 127,236 dmt 132,424 dmt increase
Slide 5: Pilgangoora Project
Pilgangoora Project For personal use only One of the few major hard-rock lithium producers globally Tier 1 asset Two plants with strong growth potential in operation up to ~580,00tpa 1 26 + years 2 processing capacity mine life 1 Up to 580,000tpa of spodumene concentrate in aggregate processing capa
Slide 6: Amazing growth journey with more to come
Amazing growth journey with more to come Mid-stream project Scoping Major milestones achieved along the way Study completed with Calix For personal use only POSCO JV finalised Strategic relationship formed with POSCO, $79.6M equity investment, Pilgan Plant improvements re- offtake and JV opportunity
Slide 7: Market
For personal use only Market 7
Slide 8: Lithium pricing remains strong
Lithium pricing remains strong Placing Pilbara Minerals in prime position to capitalise on current market conditions, including through the sale of spodumene concentrate from Ngungaju Plant For personal use only Lithium price chart – Jan 2018 to June 2022 EXW China Hydroxide Global Weighted Av. Hydr
Slide 9: Lithium deficit is expected to grow
Lithium deficit is expected to grow For personal use only 7.0 Upside 6.0 Base case 5.0 ~1.8Mt LCE deficit Mt LCE (weighted) 4.0 The expected deficit in lithium by 2040 is the equivalent of 3.0 ~18 Pilgangooras 1 with likely pricing implications 2.0 1.0 - 2016 2018 2020 2022 2024 2026 2028 2040 2030
Slide 10: Operate
For personal use only Operate 10
Slide 11: FY22 production and shipments
FY22 production and shipments For personal use only 140,000 Quarterly spodumene production / shipments (dmt) 120,000 100,000 377,902 dmt spodumene concentrate produced FY22 80,000 60,000 361,035 dmt 40,000 spodumene concentrate shipped FY22 20,000 0 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Produced (dmt) Shi
Slide 12: BMX auction platform enabling price discovery
BMX auction platform enabling price discovery A new digital sales platform for spodumene concentrate For personal use only 8,000 BMX price 1 7,000 6,000 Market price2 5,000 4,000 3,000 2,000 1,000 0 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Jul
Slide 13: Strong cash balance following improved operating cashflows
Strong cash balance following improved operating cashflows For personal use only 1000 $874.2M 1 800 cash in bank 600 $M 400 Includes equity raise for Altura acquisition2 200 0 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Quarterly cashflow from operations (incl. bank letters
Slide 14: For personal use only
~< nT a @ Pilbara Minerals | use only -Or persona
Slide 15: Expansion pathway to 1Mtpa
Expansion pathway to 1Mtpa For personal use only Accelerated growth to capture improved demand conditions and increase revenue ~1,000 Expansion benefits: P1000 Project P1000 will deliver unallocated concentrate capacity of ~400,000tpa 680 P680 Project 580 Potential for other value-added product stre
Slide 16: Expansion underway at Pilgan Plant
Expansion underway at Pilgan Plant Final investment decision paves way for expansion of Pilgangoora Project For personal use only 1 P680 - Pilgan Plant additional 100ktpa for $103M Crushing and ore sorting facility $194.5M 1 Primary rejection 3D design model (existing plant infrastructure in greysca
Slide 17: Diversify
For personal use only Diversify 17
Slide 18: Value-added products to increase margin
Value-added products to increase margin Positioning to capture value throughout the entire lithium raw material and chemical For personal use only supply chain Upstream Midstream Downstream Spodumene Lithium Salts Lithium Fine Concentrate >35% Li2O Chemicals Pilgangoora Project Scoping Study e.g. JV
Slide 19: Downstream lithium chemicals JV with POSCO
1,2 Downstream lithium chemicals JV with POSCO For personal use only • JV to jointly develop and operate a 43,000tpa LHM primary lithium hydroxide chemical processing facility • JV Company formed - POSCO Pilbara Lithium Solutions Co Ltd • Initial 18% equity interest with call option to increase inve
Slide 20: Innovating within the lithium supply chain
Innovating within the lithium supply chain For personal use only Potential JV with Calix for the development of a mid-stream product (lithium salt) Proposed JV Carbon reduction Electric calcination Lithium salt >35% Li2O ~0% waste on site (18% lithium metal) shipped1 Pilgangoora Project Carbon inten
Slide 21: Mid-stream has potential to access emerging markets
Mid-stream has potential to access emerging markets For personal use only Higher concentration of lithium and lower carbon product has the potential to attract interest across the globe Legend Pilgangoora Project China South Korea Germany North America Current markets Future potential markets 21
Slide 22: Sustainability
For personal use only Sustainability 22
Slide 23: 6MW solar plant construction underway
6MW solar plant construction underway For personal use only A key enabler of our decarbonisation pathway providing an estimated reduction of 1 9,900t of CO2 emissions 1 Refer ASX release 29 October 2021 23 23
Slide 24: Strelley School Lithium Battery Project
Strelley School Lithium Battery Project For personal use only • Strelley School and Community are remotely located between Port Hedland and Pilgangoora • Oldest continually operational Independent Aboriginal Community School in Australia Battery Project • Installing a combined 33kW PV and lithium ba
Slide 25: Pilbara Minerals powering forward…
Pilbara Minerals powering forward… For personal use only Operate Grow Diversify Sustainability 25
Slide 26: Questions?
For personal use only Questions? Follow us on pilbaraminerals.com.au ASX: PLS
Pilbara Minerals — Diggers & Dealers Mining Forum 2022 on 6ix