Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — BMO Global Metals, Mining and Critical Minerals Conference 2024
25 slides from Pls's conference presentation, Feb 26, 2024
Slide 1: BMO Global Metals, Mining and Critical Minerals Conference
For personal use only 26 February 2024 BMO Global Metals, Mining and Critical Minerals Conference Dale Henderson Managing Director and CEO ASX: PLS
Slide 2: Largest independently owned hard-rock lithium company in the world
For personal use only The largest, independently owned, hard-rock lithium company in the world 2
Slide 3: Pilbara Minerals – a major lithium materials supplier
Pilbara Minerals – a major lithium materials supplier For personal use only 100% owner of Tier 1 Asset in leading low risk mining jurisdiction ~34-year mine life with 214Mt at 1.2% Li2O Ore Reserve 1 +70% increase ~140km in production capacity 2 under construction to Port Hedland by road Diversifica
Slide 4: FY24 interim highlights
FY24 interim highlights For personal use only Strong Expansion plans POSCO JV - operational progressed downstream performance1 320,153t On schedule Train 1 produced and and budget commenced 306,250t shipped commissioning Ore Reserves2 55% EBITDA margin3 Balance sheet strength4 increased By 35% to 21
Slide 5: Delivering our strategy
Delivering our strategy For personal use only Lorem ipsum re pe sincid et ut provit unt eicto odit rem qui ni Operate amust am, voluptas aut que ne cum faccae moluptatem Deliverfuga. our operating performance Quis ab ius, ati commitments auditatquiae ex expedio To be a leader nemquia tendus. Grow in
Slide 6: Production growth to achieve full potential of our world-class asset
For personal use only Production growth to achieve full potential of our world-class asset 6
Slide 7: Rapid growth in production capacity continuing
Rapid growth in production capacity continuing For personal use only Approximately 2 >10002 70% Future expansion potential subject to successful exploration, increase in 6801 production capacity (kdmt) 620 over the coming FID made construction to commence 2 years 378 studies and approvals3 Productio
Slide 8: Two expansion projects underway to take production capacity to 1Mtpa
Two expansion projects underway to take production capacity to 1Mtpa For personal use only P680 Expansion P1000 Expansion Primary rejection facility – operational Earthworks and foundations commenced Crushing and ore sorting facility - under construction Update 8 Image: Crushing and ore sorting faci
Slide 9: Supply relationship expanded with leading battery chemical companies
Supply relationship expanded with leading battery chemical companies For personal use only • One of the largest producers of lithium chemicals globally • Foundation customer of Pilbara • Expands offtake agreement o 310kt in CY24 o 260 - 310kt in CY25 o 260 - 310kt in CY26 • Medium term offtake expan
Slide 10: Supply relationship expanded with leading battery chemical companies
Supply relationship expanded with leading battery chemical companies For personal use only • Established global lithium chemical converter • Extends and expands offtake agreement o 85kt in CY24 o 150kt in CY25 o 150kt in CY26 • Medium term offtake expansion preserves Pilbara Minerals longer term opt
Slide 11: Extracting greater value across the supply chain
For personal use only Extracting greater value across the supply chain 11
Slide 12: Capturing value across the supply chain
Capturing value across the supply chain For personal use only Upstream Mid-Stream Downstream Spodumene concentrate Lithium enriched product Lithium hydroxide (lithium phosphate) ~5.2% >16% w/w lithium metal3 ~16.5% w/w lithium metal4 lithia content1,2 (technical grade) (battery grade) 5 6 Notes: 1.
Slide 13: Downstream chemicals facility with POSCO
Downstream chemicals facility with POSCO For personal use only 18% equity interest with call option to increase to 30% in a 43,000 tpa lithium hydroxide facility in Gwangyang, South Korea in joint venture with POSCO. Train 1 commissioning commenced and expected to be materially completed in the Marc
Slide 14: Balance sheet strength a significant competitive advantage
For personal use only Balance sheet strength a significant competitive advantage 14
Slide 15: Preserving balance sheet strength
Preserving balance sheet strength For personal use only Strong balance sheet Investment Strategy with $2.1B of cash – • Investment in P680 and P1000 Projects to continue - fully funded, gives rise to lower unit costs and puts Pilbara Minerals in an even stronger PLS well positioned position to benef
Slide 16: Long-term global demand for lithium remains strong
For personal use only Long-term global demand for lithium remains strong 16
Slide 17: Strong growth forecast for lithium demand
Strong growth forecast for lithium demand For personal use only Global EV sales Annual lithium demand 60 6,000 50 5,000 40 4,000 CAGR 24% (estimate) CY23 - CY28 Millions Kt LCE 30 59.1 3,000 31% growth 20 CY22 - CY23 2,000 36.1 10 1,000 13.8 10.5 6.6 3.3 0 - 2020 2021 2022 2023 2028E 2033E 2020 2021
Slide 18: Government policy – global momentum
Government policy – global momentum For personal use only UK China 80% EVs by 2030, 20% EVs in light and 100% EVs by 2035, heavy vehicles by 2025. 30% EV bus and truck sales by 2030 NEV exemption from vehicle United States purchase taxes until 2027, 50% passenger EVs & 30% ESS subsidies Japan commer
Slide 19: Global industry emerging for the lithium-ion supply chain
Global industry emerging for the lithium-ion supply chain with… For personal use only North America China Global market share % Global market share % Market Market share share growth1 2023 2030f growth1 2023 2030f Global EV Global EV market share 12% 18% x1.6 market share 58% 42% x0.7 EV penetration
Slide 20: Lithium supply chain forecast to diversify
…Lithium supply chain forecast to diversify For personal use only North America China Global market share % Global market share % Capacity Capacity growth1 growth1 2023 2030f 2023 2030f Gigafactory Gigafactory 83% 67% x2.9 6% 15% x9.6 Cathode 0% Cathode 86% 84% x7.2 3% x98 Lithium refining Lithium r
Slide 21: Thank you
Thank you For personal use only PilbaraMinerals.com.au ASX: PLS 21
Slide 22: Contacts
Contacts For personal use only Investor Relations James Fuller Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pilbaraminerals.com.au Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 22
Slide 23: Important notices
Important notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 26 February 2024. For personal use only Not an offer of securities This document is provided for informational purposes and does not constitute or contain an
Slide 24: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and P680 and P1000 Projects For personal use only Information in this presentation regarding expansions in nameplate capacity of the Pilgan Plant in respect of the P680 and P1000 projects are underpinned by the Company
Slide 25: Pilgangoora Mineral Resources and Ore Reserves
Pilgangoora Mineral Resources and Ore Reserves For personal use only Category Tonnes Li2O Ta2O5 Fe2O3 Li2O Ta2O5 (Mt) (%) (ppm) (%) (Mt) (M lb) Mineral Resource estimate at 30 June 2023 Measured 22.1 1.34 146 0.44 0.3 7 Indicated 315.2 1.15 106 0.53 3.6 74 Inferred 76.6 1.07 124 0.54 0.8 21 Total 41
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