Slide 1: March Quarter FY26 Activities Presentation
March Quarter FY26 Activities Presentation 24 April 2026 ASX: PLS
Slide 2: 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 3: Positioned for value creation through the cycle
Positioned for value creation through the cycle Resilient operations, strategic flexibility and financial strength to navigate market cycles Strategically positioned Exposure to established and ex-China supply chains with flexible operating platform GWANGYANG, SOUTH KOREA POSCO Pilbara Lithium Solut
Slide 4: March Quarter highlights
March Quarter highlights Strong increase in pricing supports cash flow Operations Pricing Revenue Cash 12% vs Dec Q 61% vs Dec Q 52% vs Dec Q 52% vs Dec Q 1 2 232.4kt US$1,867/t $567M $1,455M produced SC5.2 Group revenue Cash balance Positioned Ngungaju restart – underway and on schedule for July 20
Slide 5: Health and Safety
Acknowledgement Health and Safety of Country Building the culture, systems and processes to ensure everyone goes home safely every day 3.82frequency rate (TRIFR)1 3.79 Total recordable injury 4.13completed 3.80 Quality safety interactions (target 1.6) per 1,000 hours worked2 (target 1.6) Total recor
Slide 6: Pilgangoora Operation
Pilgangoora Operation Pilgan plant operating capability further leveraged to deliver record production Key outcomes in the March Quarter performance: Mining TMM increased to 9.9 million tonnes due to improved operational efficiencies and in preparation for the Ngungaju Plant restart. Processing Cons
Slide 7: Fuel and supply chains on schedule
Fuel and supply chains on schedule Diesel availability monitored closely with no supply issues to date • PLS is monitoring fuel and other supply availability closely and working collaboratively with long term contracted suppliers to manage emerging risks. • At this time, PLS does not expect any mate
Slide 8: Built for the cycle, ready to grow
Built for the cycle, ready to grow Discipline preserved strength; fundamentals now unlock competitive advantage Ngungaju Plant restart • Ngungaju restart approved in the March Quarter – due July 2026. • Recruitment activities, and other operational readiness, progressing well. P2000 Feasibility Stud
Slide 9: Chemicals
Chemicals Preserving long-term growth optionality and strategic positioning across the lithium value chain POSCO Pilbara Lithium Solution (P-PLS) Lithium Hydroxide chemical facility • 18% interest in lithium hydroxide (LH) facility in Gwangyang, South Korea – restarted at moderated production in the
Slide 10: March Quarter financials
©®PLS March Quarter financials 10
Slide 11: March Quarter FY26 – vs prior quarter
March Quarter FY26 – vs prior quarter Strong pricing and disciplined execution deliver 52% revenue growth and $1.5B cash balance Category Units Mar Q FY26 Dec Q FY25 % Revenue increased 52% to $567M driven by a 61% Production volume kt 232.4 208.0 12 increase in average realised price. Sales volume
Slide 12: March Quarter FY26 – cash flow bridge
March Quarter FY26 – cash flow bridge Strong operating cash margin drives $500M increase in cash to $1.5B Cash flow bridge – 31 December 2025 to 31 March 2026 ($M) Cash increased $500M to $1,455M, driven by strong 576 operating cash margin and receipt of US$100M 141 10 1,455 (A$141M)4 Canmax offtake
Slide 13: Debut US bond matures PLS' balance sheet
Debut US bond matures PLS’ balance sheet Unsecured notes provide funding depth and flexibility Total cash and liquidity as at 31 March 2026 Actual v Pro forma (post Bond / RCF refinance) (A$M) 1 3,000 2,500 • Post March Quarter end, PLS successfully priced its inaugural 2,000 US$600M 6.875% Senior U
Slide 14: Positioning for Growth
©®PLS Positioning for Growth
Slide 15: PLS is one of the world's largest lithium producers
PLS is one of the world’s largest lithium producers Top 3 global primary lithium producer with further production growth potential 300 Global primary lithium production – key peers 300 CY25 Primary production kt LCE, attributable basis1 Colina project4 250 (future) 250 All future production subject
Slide 16: Disciplined capital allocation
Disciplined capital allocation Multi-year infrastructure investment program under evaluation1 Sustain Enhance Grow FY27 capex weighted towards Supports Pilgangoora at P2000 FID subject to mine development P1000 and positions for P2000 Board approval Mine Development Access road upgrade P2000 Pre-FID
Slide 17: Market update
©®PLS Market update 17
Slide 18: E-mobility demand accelerating globally
E-mobility demand accelerating globally Global growth remains positive as demand broadens beyond China EV sales (M units) — 7x growth since 20201 BEV sales growth - Mar-26 vs. Mar-251,2 Heavy duty commercial vehicle sales (k units)1 25 300 New Zealand 278% 20 South Korea 121% 200 15 Rest of Asia 102
Slide 19: Market tightness expected to persist
Market tightness expected to persist Constrained supply, strong demand and energy security support the long-term outlook Lithium demand by end-use (kt LCE)1 Lithium supply and demand forecast (Mt LCE)1 Mine development cycles2 Years, discovery to production 6,000 6.0 18 5,000 5.0 16 1.4 4,000 4.0 11
Slide 20: Questions
©®PLS Questions 20
Slide 21: 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 21
Slide 22: Appendix
©®PLS Appendix 22
Slide 23: Physicals summary
Physicals summary Total Ore Mined and Processed Units Mar Q FY25 Jun Q FY25 Sep Q FY26 Dec Q FY26 Mar Q FY26 YTD FY25 YTD FY26 Ore mined wmt 1,137,437 1,500,849 1,725,478 1,514,444 1,286,891 3,717,588 4,526,813 Waste material wmt 4,503,580 4,890,456 5,978,805 6,627,413 8,603,435 18,310,717 21,209,65
Slide 24: Important notices
Important notices This document has been prepared by PLS Group Limited (“PLS” or the “Group”) and is dated 24 April 2026. This document should be read in conjunction with the ASX announcement titled “March Quarterly Activities Report” released to the ASX on 24 April 2026. Not an offer of securities
Slide 25: Important notices
Important notices Important Information regarding Mineral Resources, Ore Reserves and production targets Information in this document regarding production targets and expansions in nameplate capacity of the Pilgangoora Operation in respect of the P850 and P1000 operating models and the P2000 expansi