Sherritt International Corporation · TSX:S
Sherritt International — Bernstein Strategic Decisions Conference 2021
9 slides from Sherritt International's conference presentation, Sep 23, 2021
Slide 1: Metals for an Electric Future
Metals for an Electric Future Bernstein Strategic Decisions Conference Leon Binedell President and CEO September 23, 2021
Slide 2: Electric vehicles start with nickel
Electric vehicles start with nickel 2
Slide 3: EV battery chemistries dominated by nickel and cobalt
EV battery chemistries dominated by nickel and cobalt Nickel 19.8% 36.2% Nickel provides energy density 48.2% Cobalt 48.8% 19.9% Cobalt provides stability 12.1% Manganese 18.5% 6.0% 11.3% 9.2% 5.6% Lithium 7.8% 7.8% 7.3% 5.6% 7.4% NMC-111 NMC-622 NMC-811 NCA LFP EV battery demand is disrupting nicke
Slide 4: EV supply chain starts with nickel
EV supply chain starts with nickel Ore Finished Battery Cathodes & Battery packs Electric processing nickel precursor cells vehicles HPAL process Intermediate product High purity finished Nickel sulphate is a Batteries are End use determined by produces a undergoes refining or nickel is used to key
Slide 5: Nickel supply deficit is looming
Nickel supply deficit is looming* Forecast Nickel Consumption vs Supply 4000 3000 Thousand of tonnes 2000 1000 0 2010 2015 2020 2025 2030 2035 2040 Probable projects Existing supply Consumption Growing EV battery demand for nickel will cause a deficit of supply by 2025 *Source: Wood Mackenzie Januar
Slide 6: Global nickel reserves are concentrated within lateritic deposits
Global nickel reserves are concentrated within lateritic deposits Canada Russia Philippines 3% 8% 89M Tonnes of global nickel reserves* 5% Cuba • Bulk is contained in low-grade Indonesia lateritic deposits 6% • Typically rich in iron • Amenable for EV battery 24% production only through HPAL Brazil
Slide 7: Global cobalt reserves are concentrated in Africa
Global cobalt reserves are concentrated in Africa Canada Russia Philippines 3% 4% 7.1M Tonnes of global cobalt reserves* 4% Cuba • Bulk is contained in the Democratic Republic of Congo 7% • Produced as a by-product to copper and nickel • Industry challenged by artisanal DRC mining and child labour •
Slide 8: Sherritt investment summary
Sherritt investment summary 1. Favourable nickel and cobalt market outlook due to growing EV demand 2. Sherritt well positioned with access to nickel and cobalt reserves and embedded brownfield opportunities 3. Multi-pronged strategy to grow cash flow and increase production 4. Technologies group is
Slide 9: Sherritt International Corporation
Sherritt International Corporation 22 Adelaide West, 42nd Floor Toronto, Ontario, Canada M5H 4E3 Leon Binedel I President & CEO Telephone: (416) 924 4551 I Toll -Free: 1 (800) 704 -6698 Email: info@sherritt.com I Website: www.sherritt.com
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