Slide 1: Fourth Quarter & Full Year 2023 Results Call
Fourth Quarter & Full Year 2023 Results Call Enabling America’s Clean Energy Economy August 30, 2023 : FEAM 5E Advanced Materials : 5EA Exhibit 99.2
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer FORWARD-LOOKING STATEMENTS The information in this Presentation includes “forward looking statements”. All statements other than statements of historical fact included in this Presentation regarding our business strategy, plans, goals and objectives are forward looking statements. When us
Slide 3: Introducing Susan Brennan, CEO
Introducing Susan Brennan, CEO Took over as CEO in late April 2023 Extensive global leadership background Particularly in battery technology and EV industries at Romeo Power & Bloom Energy Prior senior positions at Ford Motor Company & Hoechst Celanese Immediate Focus Areas Focus on Fundamentals Tak
Slide 4: Fort Cady Integrated Boron Facility Location
ADVANCED MATERIALS NEVADA FORT CADY INTEGRATED BORON FACILITY PORT OF LA P @— PORT OF ONG BEACH . ee Rall LINE” EenePROIECT.” AK ‘“ wo LOCATION. “N
Slide 5: We Are the Near-Term Global Producer
We Are the Near-Term Global Producer Exploration Study Permitted Construction Producer STAGE 1000+ 501-1000 301-500 51-300 0-50 PROJECT OUTPUT / SIZE (M TONS) Salt Wells 5E is the nearest Boron producer
Slide 6: Staged Execution and Value Delivery
2 Staged Execution and Value Delivery Initial Facility Online Q4 CY2023 10ktpa Resource Well Field Established PHASE 1 ECONOMICS (Q2 CY2026) CAPEX (US$) $373 million ANNUAL PRODUCTION BORIC ACID 90,000 short tons LITHIUM CARBONATE 1,100 short tons EBITDA (US$) $101.2 million PHASE 2 ECONOMICS (Q4 CY
Slide 7: Cash Position Management
Cash Position Management Minimizing Fixed Costs Negotiating Supplier Contracts Streamlining Operations and Footprint Controlled Corporate Hiring and Salaries Prioritizing Essential Expenditures Deferring Non-Essential Spending until Operation Commencement Multi-Pronged Capital Preservation Strategie
Slide 8: Phase 1 Funding Source Options
EXAMPLE COMPOSITION Gov. Debt & Project Finance Project Partner(s) Customer Offtake / PrePay Traditional Equity FUNDING SOURCE OPTIONS Government Debt & Project Finance Equity, Non-Dilutive Equity PHASE 1 ECONOMICS (Q2 CY2026) TOTAL CAPEX(1) $373 million (1) Total CAPEX required for all Phases 1-3 i
Slide 9: Commercial and Government Affairs Activities
Commercial and Government Affairs Activities ~$55 Trillion “Green” Energy Infrastructure Investment (2016-2050) ~145M Global Electric Vehicle Growth (2020-2030) ~30% CAGR Global Electric Vehicle Stock Growth (2020-2030) 5.8% CAGR Global Installed Wind & Solar Capacity (2019-2050) Department of Energ
Slide 10: Boron Market
Boron Market Emerging Boron Markets1 Traditional Boron Markets1 1.6M tons of new demand expected from future industries 1 Global Market Insights, Inc. Wide Range of Traditional Applications, with Limited Substitutability
Slide 11: Boron Market Demand Growth Expected
Boron Market Demand Growth Expected Driven by Key Decarbonization Sectors Continued Supply Constraints Bringing the BORON Supply Gap into Focus Boron Demand Growth1 Boric Acid Price Forecast2 x2 Growth x10 Growth (Millions of tonnes; boric acid equivalent) . . . . . . . . . . . . 50 (1) Source: Cred
Slide 12: Upcoming Project Milestones – Schedule
Upcoming Project Milestones – Schedule CY Indicative Schedule 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 *EPA Authorization to Inject Wellfield Commissioning Boric Acid/Gypsum Commissioning Initial Plant Operation / Data Collection FEL-2 Engineering design FEL-3 Engineering design Detailed Engineering
Slide 13: Upcoming Project Milestones – Schedule
Upcoming Project Milestones – Schedule Based on SSBF start-up by mid-Q1 2024: Feb. 2024 – Jun. 2024 FEL – 2 Engineering design July 2024 Pre-Feasibility Study August 2024 Board approval September 2024 Order long lead equipment Jul. 2024 – Jan. 2025 FEL – 3 Engineering design Jan. 2025 – Dec. 2026 De
Slide 14: Investment Highlights
Investment Highlights Exposure to critical materials Boron and Lithium Project is designated Critical Infrastructure by the U.S. Government with broader focus through defense, clean energy and EV markets Initial facility built with near-term production Materials important to U.S. Reshoring, Decarbon
Slide 15: Investor Contacts
Investor Contacts: Alpha IR Group Davis Snyder or Joseph Caminiti FEAM@alpha-ir.com (312) 445-2870 Thank You 15