Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — Shareholder Meeting (November 2020)
42 slides from Pls's shareholder meeting presentation, Nov 17, 2020
Slide 1: Positioned for the future – 2020 Annual General Meeting
For personal use only Positioned for the future 2020 Annual General Meeting Tuesday 17 November 2020 ASX: PLS
Slide 2: Important Notices
Important Notices For personal use only Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara”) and is dated 17/11/2020. This document is provided for informational purposes and does not constitute or contain an offer, invitation, solicitation
Slide 3: Important Notices
Important Notices For personal use only U.S. Securities Laws Any securities issued by Pilbara Minerals have not been and will not be registered by Pilbara Minerals under the United States Securities Act of 1933 (“U.S. Securities Act”). Accordingly, such securities may not be offered or sold in the U
Slide 4: Board and Executive
Board and Executive For personal use only Tony Kiernan Sally-Anne Layman Steve Scudamore Nick Cernotta CHAIRMAN DIRECTOR DIRECTOR DIRECTOR Ken Brinsden Alex Eastwood Brian Lynn Dale Henderson MANAGING DIRECTOR COMPANY SECRETARY CHIEF FINANCIAL CHIEF OPERATING & CEO & GENERAL COUNSEL OFFICER OFFICER
Slide 5: Agenda
Agenda For personal use only 1. Chairman’s address 2. Meeting procedures 3. Resolutions, proxies and voting 4. Company and project update 5. Questions 5
Slide 6: Chairman's address
For personal use only Chairman’s address Tony Kiernan
Slide 7: Meeting agenda
Chairman’s address For personal use only Meeting procedures Resolutions, proxies and voting Company and project update Questions 7
Slide 8: Online Attendees - Question Process
Online Attendees - Question Process For personal use only 8
Slide 9: Online Attendees - Voting Process
Online Attendees - Voting Process For personal use only 9
Slide 10: Meeting agenda
Chairman’s address For personal use only Meeting procedures Resolutions, proxies and voting Company and project update Questions 10
Slide 11: Overview of proxy votes
Overview of proxy votes For personal use only Resolution FOR AGAINST ABSTAIN DISCRETIONARY 677,648,915 57,530,348 146,418,802 5,011,292 Resolution 1 - Remuneration Report 91.55% 7.77% N/A 0.68% Resolution 2 - Re-election of Ms Sally-Anne Layman 735,838,266 8,586,846 145,596,406 6,568,831 as Director
Slide 12: Overview of proxy votes
Overview of proxy votes For personal use only Resolution FOR AGAINST ABSTAIN DISCRETIONARY Resolution 8 - Issue of Share Rights to 726,594,099 8,706,752 146,909,732 6,463,085 Mr Anthony Kiernan 97.96% 1.17% N/A 0.87% Resolution 9 - Issue of Share Rights to 726,433,678 8,733,281 146,575,158 6,505,187
Slide 13: Resolution: Remuneration Report
Resolution 1 For personal use only Remuneration Report To consider and, if thought fit, to pass with or without VOTING NUMBER % amendment, as a non-binding Resolution the following: INTENTION “That, pursuant to and in accordance with section 250R(2) For 677,648,915 91.55% of the Corporations Act and
Slide 14: Resolution: Re-election of Ms Sally-Anne Layman as Director
Resolution 2 Re-election of Ms Sally-Anne For personal use only Layman as Director To consider and, if thought fit, to pass with or without VOTING NUMBER % amendment, as an ordinary resolution the following: INTENTION “That, pursuant to and in accordance with Article 13.2 of the For 735,838,266 97.9
Slide 15: Resolution: Re-election of Mr Stephen Scudamore as Director
Resolution 3 Re-election of Mr Stephen For personal use only Scudamore as Director To consider and, if thought fit, to pass with or without VOTING NUMBER % amendment, as an ordinary resolution the following: INTENTION “That, pursuant to and in accordance with Article For 697,591,615 92.85% 13.2 of t
Slide 16: Resolution: Approval of Employee Award Plan
Resolution 4 Approval of Employee Award For personal use only Plan and amendments to existing securities under that plan VOTING NUMBER % INTENTION To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: For 723,533,019 97.91% “That, for the purpos
Slide 17: Resolution: Issue of Employee Options and Performance Rights to Mr Ken Brinsden
Resolution 5 Issue of Employee Options and For personal use only Employee Performance Rights to Mr Ken Brinsden VOTING NUMBER % To consider and, if thought fit, to pass with or without INTENTION amendment, as an ordinary resolution the following: For 721,014,049 97.06% “That, pursuant to and in acco
Slide 18: Resolution: Issue of Share Rights to Mr Ken Brinsden
Resolution 6 For personal use only Issue of Share Rights to Mr Ken Brinsden VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution the following: For 726,023,702 97.89% “That, in accordance with an employee salary sacrifice scheme impl
Slide 19: Resolution: Issue of STI Shares to Mr Ken Brinsden
Resolution 7 For personal use only Issue of STI Shares to Mr Ken Brinsden VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution the following: For 725,965,420 97.69% “That, pursuant to and in accordance with Listing Rule 10.11, Chapte
Slide 20: Resolution: Issue of Share Rights to Mr Anthony Kiernan
Resolution 8 For personal use only Issue of Share Rights to Mr Anthony Kiernan VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 726,594,099 97.69% “That, in accordance with a non-executive director salary sacr
Slide 21: Resolution: Issue of Share Rights to Mr Stephen Scudamore
Resolution 9 For personal use only Issue of Share Rights to Mr Stephen Scudamore VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 726,433,678 97.94% “That, in accordance with a non-executive director salary sa
Slide 22: Resolution: Issue of Share Rights to Mr Nicholas Cernotta
Resolution 10 For personal use only Issue of Share Rights to Mr Nicholas Cernotta VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 726,410,947 97.93% “That, in accordance with a non-executive director salary s
Slide 23: Resolution: Issue of Share Rights to Ms Sally-Anne Layman
Resolution 11 For personal use only Issue of Share Rights to Ms Sally-Anne Layman VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 726,638,598 97.97% “That, in accordance with a non-executive director salary s
Slide 24: Resolution: Approval of Termination Benefits
Resolution 12 For personal use only Approval of Termination Benefits VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 720,819,178 97.32% “That, pursuant to and in accordance with Part 2D.2 of the Corporations
Slide 25: Resolution: Section Approval
Resolution 13 For personal use only Section 195 Approval VOTING To consider and, if thought fit, to pass with or without NUMBER % INTENTION amendment, as an ordinary resolution, the following: For 735,102,008 98.53% “That, pursuant to and in accordance with subsection 195(4) of the Corporations Act
Slide 26: Meeting agenda
Chairman’s Address For personal use only Meeting procedures Resolutions, proxies and voting Company and project update Questions 26
Slide 27: Year in Review
For personal use only Year in Review Ken Brinsden MANAGING DIRECTOR & CEO 27
Slide 28: Board and Executive
Board and Executive For personal use only Tony Kiernan Sally-Anne Layman Steve Scudamore Nick Cernotta CHAIRMAN DIRECTOR DIRECTOR DIRECTOR Ken Brinsden Alex Eastwood Brian Lynn Dale Henderson MANAGING DIRECTOR COMPANY SECRETARY CHIEF FINANCIAL CHIEF OPERATING & CEO & GENERAL COUNSEL OFFICER OFFICER
Slide 29: Key Leadership Team
Key Leadership Team For personal use only Linda Reddi Ian Zlatnik Nicola Martin John Holmes MANAGER CORPORATE MANAGER HSE AND FINANCE MANAGER EXPLORATION MANAGER AFFAIRS APPROVALS Jason Cross Charlie Burns Simon Coyle Brent Chadwick RISK AND COMPLIANCE HUMAN RESOURCES OPERATIONS MANAGER PROJECTS AND
Slide 30: Company overview
Company overview For personal use only • ~$1.1Bn1 market cap • $85.7M2 cash balance • 100% owned Pilgangoora Lithium-Tantalum Project • 40+ years mine life (with existing processing capacity) • Products: ‐ ~6% Li2O spodumene concentrate ‐ +5% primary tantalite concentrate • Proposed acquisition of A
Slide 31: Operational achievements
Operational achievements Recovery Reduced costs Moderated improvements Targeting US$320-$350/dmt (CFR production For personal use only Material improvement in lithia China) with improved plant operating Production strategy conserves recovery to product run time working capital Production and sales S
Slide 32: Production / Sales
Production / Sales Moderated production strategy deployed over the last 15 - For personal use only 18 months, aligning production to sales and inventory, preserving working capital during soft market conditions. Sales guidance range 55kt to 70kt September Qtr (FY21) cash operating costs1 – US$355/dm
Slide 33: US$110M finance facility
For personal use only US$110M Conventional Principal finance ~5% interest repayments finance facility rate facility BNP Paribas and Clean Energy delayed Finance Corporation average all-in interest rate until September 2022 5 year, senior secured facility underpins financial strength and reduces oper
Slide 34: Altura Lithium Operations
Altura Lithium Operations Potential acquisition to consolidate the Greater Pilgangoora1 orebody For personal use only and unlock tangible synergies • Conditional Implementation Agreement entered into with Altura Mining Limited Loan Noteholders to acquire Altura Lithium Operations Pty Ltd (receivers
Slide 35: EV adoption
EV adoption For personal use only UK and Europe • Set to become the world’s largest EV markets during 2020, overtaking China • A market that will be dominated by high- Chart: INSIDEEVs nickel cathode China NCM m aterial exports by region (tonne) batteries driving 6,000 lithium hydroxide 5,000 demand
Slide 36: Sustainability
For personal use only Sustainability To contribute to a sustainable future through responsible operations and ethical business practices that deliver economic returns to our shareholders and create shared value in our communities. A responsible and Great people that go Make a positive ethical operat
Slide 37: People Operations
People Operations Health checks and screening. Increased sanitation and cleaning. Reduction of people movements. Activation of response plans and For personal use only Engagement on personal hygiene and procedures. health responsibilities. Social distancing in transportation and Mental health initia
Slide 38: Great partners
Great partners Global, high quality, leading For personal use only 38
Slide 39: Our plan for FY21
Our plan for FY21 For personal use only Operations Diversify • Continue to align production with customer • Evaluate downstream participation including a demand with the aim of securing sales to potential joint venture opportunity with POSCO achieve annual production of ~330,000 dmt 6% to develop an
Slide 40: Movember 2020
MOVEMBER 2020 For personal use only This year we are joining forces with our contracting partners for Movember to raise much needs funds for and awareness of men’s health issues. Support our efforts by visiting our Movember team page ‘the Pilbara ‘stache’ https://movember.com/t/the-pilbara- stache?m
Slide 41: Meeting agenda
For personal use only Chairman’s Address Meeting procedures Resolutions, proxies and voting Company and project update Questions 41
Slide 42: pilbaraminerals.com.au
For personal use only ASX: PLS pilbaraminerals.com.au Follow us on
Pilbara Minerals — Shareholder Meeting (November 2020) on 6ix