Pls Group Limited · ASX:PLS
Pls — Diggers and Dealers 2026
26 slides from Pls's conference presentation, Aug 5, 2026
Slide 1: PLS: Built for the next phase of Lithium growth
PLS: Built for the next phase of Lithium growth Diggers and Dealers 2026 presentation Dale Henderson Managing Director and CEO 5 August 2026 ASX: PLS
Slide 2: Important notices
Important notices This document has been prepared by PLS Group Limited (“PLS” or the “Group”) and is dated 5 August 2026. Not an offer of securities This document is provided for informational purposes only and does not constitute or contain an offer, invitation, solicitation or recommendation with
Slide 3: Important notices
Important notices Reporting of Mineral Resources and Ore Reserves Recipients of this document outside Australia should note that it is a requirement of the Australian Securities Exchange listing rules that the reporting of ore reserves and mineral resources in Australia comply with the Australasian
Slide 4: Proven platform positioned for value creation through the cycle
Proven platform positioned for value creation through the cycle Resilient operations, strategic flexibility and financial strength to navigate market cycles Strategically positioned Exposure to established and diversified supply chains with flexible operating platform 100% owned assets in both Austr
Slide 5: Lithium Market - Structural demand growth and persistent volatility
Lithium Market - Structural demand growth and persistent volatility 5
Slide 6: Global lithium demand expected to increase by 219% by 2040
Global lithium1 demand expected to increase by 219% by 2040 North America Europe Asia (Ex-China) MtLCE MtLCE MtLCE 0.8 0.8 0.8 0.6 0.6 0.6 0.4 0.4 0.4 China 0.2 0.2 0.2 MtLCE 4.0 0.0 0.0 0.0 2025 2040e 2025 2040e 2025 2040e 3.0 2.0 1.0 0.0 South America Australia 2025 2040e MtLCE MtLCE 0.10 0.10 0.0
Slide 7: Lithium demand is broadening beyond EVs and energy storage
Lithium demand is broadening beyond EVs and energy storage Heavy trucks Robots Drones Shipping and eVTOL 7
Slide 8: Demand is globalising - but refining capacity remains highly concentrated
Demand is globalising - but refining capacity remains highly concentrated 1 NORTH ASIA CHINA 65% AMERICA EUROPE (EX-CHINA) 1% 1% 4% SOUTH AMERICA* 27% AUSTRALIA 1% * Significant amount of lithium supply from Chile & Argentina is exported to China for re-processing into battery grade chemicals / CAM
Slide 9: Future supply being re-priced
Long-run price expectations increasing Future supply being re-priced +100% SPODUMENE CONCENTRATE PRICE (US$/t SC6.0, CIF China basis)1 Q2 2026 – BMI long term real SC6 price forecast USD2 2,465/t Q2 2025 – BMI long term real SC6 price forecast USD3 1,235/t Jan 2022 Jan 2023 Jan 2024 Jan 2025 Jan 202
Slide 10: A strategy designed to capture value through the cycle
A strategy designed to capture value through the cycle 10
Slide 11: Our Purpose
Our Purpose Vision Mission Powering a sustainable energy future Li Strategic Operate Grow Chemicals Diversify pillars Deliver our Achieve full Extract greater Diversify operating potential of our value along the revenue beyond performance global assets battery materials Pilgangoora commitments suppl
Slide 12: June Quarter highlights
June Quarter highlights Proven execution is translating into stronger financial performance Sales Pricing1 Revenue Cash2 FY26 - strong operational year Record annual 13% 31% 57% production and sales 28% vs Mar Q vs Mar Q vs Mar Q FY26 cash margin vs Mar Q from operations of $1,356M 249.9kt US$2,107/
Slide 13: 100% ownership and low-cost platform converting to strong cash generation
100% ownership and low-cost platform converting to strong cash generation 3,500 $600 Q2 2026 – BMI long term real SC6 price forecast USD1 2,465/t 3,000 $500 2,500 $400 2,000 $300 1,500 $200 1,000 500 Sep Q Dec Q Mar Q Jun Q $100 A$8M A$166M A$461M A$579M $0 Jul-25Jul-25 Aug-25 Aug-25 Sep-25 Sep-25 O
Slide 14: Cycle returns have been converted into lasting strategic advantage
Cycle returns have been converted into lasting strategic advantage Capital allocation – 1 July 2022 to 30 June 2025 ($M) $1.9B 12% Capital investment3 (P680 / P1000 and other investments) Capital 24% Allocation $0.8B Shareholder returns (Dividend payments) $3.1B1 63% +$0.4B 2 Balance sheet 1. $3.1B
Slide 15: Building a stronger operating platform
Building a stronger operating platform Building higher production, improved recovery and lower unit costs through the cycle Production (kt) Recovery (%) Unit operating cost +17% +6% FOB (A$/t) X X -9% X 880 76.5 654 725 755 620 71.9 627 613 68.2 67.7 569 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23
Slide 16: Global scale today - with a substantial future growth pipeline
Global scale today - with a substantial future growth pipeline Top global primary lithium producer with further production growth potential GLOBAL PRIMARY LITHIUM PRODUCTION - KEY PEERS CY25 Primary production kt LCE, attributable basis1 Colina project4 P2000 and 300 (future) Colina production unall
Slide 17: P2000: a brownfield pathway to potentially double production capacity
P2000: a brownfield pathway to potentially double production capacity Strategically important long term growth optionality – subject to Board approval Pilgan Plant Proposed P2000 Expansion Footprint Existing Operation 1. For more information see the ASX announcement titled “Study delivers 2MTPA expa
Slide 18: Selective chemicals exposure - building capability while preserving capital flexibility
Selective chemicals exposure - building capability while preserving capital flexibility Preserving long-term growth optionality and strategic positioning across the lithium value chain Posco Pilbara Mid-Stream Lithium Solutions demonstration South Korea plant Australia 18
Slide 19: Colina: Second 100%-owned growth platform
Colina: Second 100%-owned growth platform Study activities continued to progress to schedule South America BRAZIL Minis Gerias 19
Slide 20: FY27 Priorities – Executing the next phase of value creation
FY27 Priorities – Executing the next phase of value creation Maximising near-term value while executing disciplined growth and diversification Operate Grow Chemicals Diversify Li Maximise production and Deploy capital with Progress PLS’ Advance Colina as cash generation from discipline to expand dow
Slide 21: Lithium industry evolution… From resources to reliable supply
Lithium industry evolution… From resources to reliable supply 21
Slide 22: Reliable supply is scarce and investable tonnes are earned
Reliable supply is scarce and investable tonnes are earned Quality Economics Investable tonne Execution Alignment (Joint Ventures / Partnerships) 22
Slide 23: Reliable supply is scarce and investable tonnes are earned
Reliable supply is scarce and investable tonnes are earned Quality Economics Tier-1 Pilgangoora with Low-cost position ~31-year mine life1 Conservative balance sheet Colina development project maintained through the cycle Investable tonne Execution Alignment (Joint Ventures / Partnerships) Record FY
Slide 24: Offtake benchmark
The value of supply chain confidence Quality + Capital + Execution INDUSTRY SUPPLY CHAIN LEADERSHIP: Investable tonnes Reliable supply Offtake benchmark1 USD 100M USD Pricing upside Interest free 1,000/t SC6 retained / prepayment Floor no discounts This deal is ‘reliability is the new scarcity’, mad
Slide 25: PLS: Positioned to lead the next phase of lithium growth
Acknowledgement of Country PLS: Positioned to lead the next phase of lithium growth 25
Slide 26: Contacts
Contacts Investor Relations James Fuller Group Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pls.com Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 26