Slide 1: FY24 Full Year Results
FY24 Full Year Results 30 August 2024 ASX:SYA | OTCQB:SYAXF
Slide 2: Agenda
Agenda FY24 Highlights Financial Results Operational Performance Strategy Update FY25 Guidance 2
Slide 3: FY24 Highlights
FY24 Highlights North American Lithium nearing steady state production after only 17 months Production Financial Corporate Lucas Dow appointed as NED and then as MD 155,822 $201M and CEO Dry metric tonnes Audit and Risk Production Revenue Committee formed Philip Lucas appointed as NED 19,314 $91M No
Slide 4: Financial Results
Financial Results
Slide 5: Operational and Financial Overview
Operational and Financial Overview Strong NAL operational performance generates maiden full year revenue Consolidated Group Variance UOM FY24 FY23 % FY 2024 FY 2024 FY 2024 Physicals Physicals • Significant increase in ore mined reflects first full year of mining Ore Mined kwmt 1,132 407 178% operat
Slide 6: Financial Performance
Financial Performance Loss from Operations driven by $65 million of non-cash extraordinary items and depreciation FY24 FY24 by Segment | Segment Consolidated Group Revenue Canadian Australia A$M NAL1 FY24 FY23 Variance • Total shipments of 158kt sold to offtake and Operations2 Operations3 FY 2024 FY
Slide 7: Cash Flow
Cash Flow Lithium Capex carbonate lays foundation study demonstrates for improved NAL operational performance; exploration delivers substantial MRE increase value in downstream integration Consolidated Group Variance Operating Cash Flows A$M FY24 FY23 % FY 2024 FY 2024 FY 2024 • Operating cash outfl
Slide 8: Cash Flow Movements
Cash Flow Movements Cash utilised primarily to fund NAL operations ramp-up and capital investment Optimisation Restart & Ramp-up Sustaining 2 41 43 12 4 NAL Moblan Corporate 3 1 2 Notes All figures are reported in 100% terms. Numbers presented may not add up precisely to the totals provided due to r
Slide 9: Capital Investment
Capital Investment Investment in optimisation and ramp-up capital projects at NAL with FTS funded exploration on Québec projects FY24|Capital FY24 CapitalExpenditure Expenditure FY24|Exploration FY24 ExplorationExpenditure Expenditure Capital Expenditure Restart & Exploration Exploration A$M Optimis
Slide 10: Financial Position
Financial Position Lithium Cash balancecarbonate of $91 millionstudy and nodemonstrates debt at the end of the year value in downstream integration Consolidated Group Variance A$M FY24 FY23 % FY 2024 FY 2024 FY 2024 Assets Assets Cash and Cash Equivalents (57%) • Cash used to fund NAL operations ram
Slide 11: Operational Performance
Operational Performance
Slide 12: NAL Operational Performance
NAL Operational Performance Delivering significant QoQ NAL Global Recovery and Mill Utilisation NAL Concentrate Production production increase 60,000 • Production restart and maiden 90% shipments within 2 years of NAL 83% 49,660 acquisition 80% 50,000 75% • Significant increase in ore mined, 72% 73
Slide 13: North American Lithium: 51% increase in Mineral Resource to 88Mt
North American Lithium 51% increase in Mineral Resource to 88Mt JORC Measured, Indicated Excellent conversion to and Inferred Resource reserves expected 87.9Mt @ 1.13% Li2O¹ 82% in M&I category Contained lithium Additional drilling Up 39% Further 30,000m underway2 Notes 1 Refer to ASX Announcement o
Slide 14: Moblan Lithium Project: 81% upgrade in Mineral Resource to 93Mt
Moblan Lithium Project 81% upgrade in Mineral Resource to 93Mt JORC Measured, Indicated Easily accessible resource and Inferred Resource High grade, low strip ratio, 93.1Mt @ 1.21% Li2O¹ and high Li2O recovery 70% in M&I category Close to, and well-serviced Excellent access by, key infrastructure an
Slide 15: Strategy Update
Strategy Update
Slide 16: Our Strategy
Our Strategy Clear pathway to building the next major, global lithium company 01 02 03 04 05 Optimise operations Expand resource base Develop assets Integrate downstream Explore strategic Ramp up production at NAL to Expand known mineral resources Deliver portfolio potential through Evaluate and sec
Slide 17: Summary Perspectives on the Market
Summary Perspectives on the Market Current market conditions favour a staged development of upstream assets before progressing into downstream capacity in line with market requirements • EV penetration rates have slowed as cost-of-living • Downstream strategies needs to be carefully evaluated to pre
Slide 18: Significant Margin Fluctuation Over the Last Cycle But Expect More Consistency in the Long Term
Significant Margin Fluctuation Over the Last Cycle But Expect More Consistency in the Long Term Refining vs Mine Margin(1)(2)(3) Key Observations % of LiOH Price 80% Mine Margin greater than Refinery Margin • Industry and supply-chains, particularly outside of China, are still being established 60%
Slide 19: Key Criteria to Support Downstream Integration
Key Criteria to Support Downstream Integration Sayona’s unique North American assets do lend themselves to a fully-integrated solution for end customers and would therefore benefit from a lower delivered cost to US OEMs; however timing, the right technical partner and structuring are critical aspect
Slide 20: FY25 Guidance
FY25 Guidance
Slide 21: FY25 Guidance
FY25 Guidance5 Spodumene Concentrate Spodumene Concentrate Unit Operating Costs 1,4 Capital Expenditure1,2 Exploration Expenditure1,3 Production Sales FY25 190,000 – 210,000 dmt 200,000 – 230,000 dmt A$1,150 – A$1,300 / dmt ~A$20M ~A$30M Guidance Additional SC 5.4% product grade SC 5.4% product grad
Slide 22: Our Strategy in action – next 18 months
Our Strategy in action – next 18 months Clear pathway and actions to building the next major, global lithium company 01 02 03 04 05 Optimise operations Expand resource base Develop assets Integrate downstream Explore strategic Ramp up production at NAL to Expand known mineral resources Deliver portf
Slide 23: Connect with us.
Connect with us. Sayona Mining Limited ACN 091 951 978 ASX:SYAOTCQB:SYAXF Level 28, 10 Eagle Street Brisbane, Queensland, 4000 Australia info@sayonamining.com.au sayonamining.com.au +61 (7) 3369 7058 @SayonaMining
Slide 24: Appendix
Appendix
Slide 25: Reconciliation of Underlying EBITDA to Loss after income tax
Reconciliation of Underlying EBITDA to Loss after income tax Consolidated Group A$M FY24 FY23 Variance FY 2024 FY 2024 FY 2024 Underlying EBITDA (54.2) (23.5) (30.7) Underlying Depreciation and Amortisation Expense (33.3) (0.6) (32.7) Underlying EBIT (87.5) (24.1) (63.4) Extraordinary Items Income f
Slide 26: NAL Quarterly Physicals and Operational Metrics
NAL Quarterly Physicals and Operational Metrics FY23 FY23 FY24 UOM Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Physicals Ore Mined kwmt - 69 111 227 407 224 322 351 234 1,132 Ore Processed kwmt - - 50 251 301 259 276 264 312 1,112 Spodumene Concentrate Produced kdmt - - 4 30 33 31 34 40 50 156 Spodumene Con
Slide 27: NAL Profit Reconciliation to Unit Operating Cost
NAL Profit Reconciliation to Unit Operating Cost Average Realised Sales Unit Operating Price (FOB) 2 Cost (FOB) 3 Unit Metrics • Average Unit Measures reported in $/dmt A$1,272 A$1,417 sold, FOB Port of Québec Based on Based on Average Realised Sales Price (FOB) 2 158kt sold 158kt sold • Revenue | A
Slide 28: Mineral Resources
Mineral Resources Measured Mineral Indicated Mineral Inferred Mineral Total Mineral Resources Resources Resources Resources Metal Metal Metal Metal Tonnes Grade (1) Tonnes Grade (1) Tonnes Grade (1) Tonnes Grade (1) Project kt % Li2O kt Li2O kt % Li2O kt Li2O kt % Li2O kt Li2O kt % Li2O kt Li2O Auth
Slide 29: Mineral Reserves
Mineral Reserves Proved Ore Reserves Probable Ore Reserves Total Ore Reserves Ownership Cut-off Metal Metal Metal interest grade Tonnes Grade (1) Tonnes Grade (1) Tonnes Grade (1) Project % % Li2O kt % Li2O kt Li2O kt % Li2O kt Li2O kt % Li2O kt Li2O Authier Open Pit 75 0.55 6,200 0.93 57.6 5,100 1.
Slide 30: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer Disclaimer Sayona Mining Limited undertakes no obligation to update any forward-looking statement or other statement to reflect events or Statements in this presentation are made only as of the date of this No representation o