Westwater Resources, Inc. · AMEX:WWR
Westwater Resources — Investor Presentation (November 2022)
18 slides from Westwater Resources's investor presentation, Nov 10, 2022
Slide 1: Energy Materials for the 21st Century
ENERGY MATERIALS FOR THE 21ST CENTURY TERENCE CRYAN – EXECUTIVE CHAIRMAN CHAD POTTER – PRESIDENT & CHIEF EXECUTIVE OFFICER STEVE CATES – CHIEF FINANCIAL OFFICER NOVEMBER 10, 2022 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. F
Slide 3: Why Westwater as an Investment?
WHY WESTWATER AS AN INVESTMENT? We are an energy technology company focused on producing battery-grade natural graphite materials for advanced batteries here in the United States, using our patent pending proprietary purification process. Our Kellyton graphite processing plant (Phase I DFS - $202M)
Slide 4: Our Value Proposition
OUR VALUE PROPOSITION Operating and ESG Position Expansion Development Potential • Domestic source of • Adopting DEI • Acreage to expand battery-grade natural framework and policy Kellyton graphite graphite • Committed to following plant to a phase 2 • Aiming to be the first US SASB standards • Coos
Slide 5: Battery Markets Are Growing – Graphite Is a Critical Component
BATTERY MARKETS ARE GROWING – GRAPHITE IS A CRITICAL COMPONENT Westwater’s Business development is focusing on the most bankable segments • 24% CAGR expected over next 8 years • Predominantly Lithium-ion batteries Transportation • US Government and Automakers announced a goal of 50% of all autos sol
Slide 6: Graphite Anode Materials in LIB Cell
GRAPHITE ANODE MATERIALS IN LIB CELL A typical Electric Vehicle with 80 Kwh battery pack contains approximately 175 – 210 lbs of anode graphite Lithium; 4% Manganese; 8% Cobalt; 8% Graphite; 50% Nickel; 30% NYSE: American – WWR westwaterresources.net 6
Slide 7: Where We Play in the Value Chain
WHERE WE PLAY IN THE VALUE CHAIN Graphite Purification / Concentrate Shaping / Coating LiB Cell / Electric Feedstock Mining Battery Vehicle Currently Under Start-up in 2028 Construction Pack Production Production § We are a Graphite Anode company directly serving the lithium-ion battery (LiB) in ele
Slide 8: Value Creation from Processing Natural Flake Graphite
VALUE CREATION FROM PROCESSING NATURAL FLAKE GRAPHITE USD/ton 12000 10000 Graphite Anode (CSPG) 8000 6000 4000 Uncoated Spherical Graphite 2000 0 Graphite Concentrate Feedstock 2019 2020 2021 2022 Flake (96 - 97%), +80 Mesh Uncoated Spherical Graphite Coated Spherical Graphite (Graphite Anode) Sourc
Slide 9: Natural Graphite Anode Market & Supply Chain Projected Imbalance
NATURAL GRAPHITE ANODE MARKET & SUPPLY CHAIN PROJECTED IMBALANCE • Natural graphite anode supply shortage projected • Poses major supply security concerns particularly for the U.S. SOURCE: BENCHMARK MINERAL INTELLIGENCE NYSE: American – WWR westwaterresources.net 9
Slide 10: Graphite Considered a Critical Mineral by U.S. Government
GRAPHITE CONSIDERED A CRITICAL MINERAL BY U.S. GOVERNMENT • The U.S. Government has defined graphite as critical to the nation’s security and prosperity and the White House has invoked the Defense Production Act* • In August 2022, the U.S. Government passed the Inflation Reduction Act** • Provides a
Slide 11: Construction of the Kellyton Graphite Plant - Update
CONSTRUCTION OF THE KELLYTON GRAPHITE PLANT - UPDATE Phase I construction update: • No recordable safety incidents by contractors or Westwater team members since beginning of the project • Earthwork and site grading was completed in July 2022 • Foundation work continues, completing the foundations f
Slide 12: The Coosa Graphite Deposit Provides Key Advantages
THE COOSA GRAPHITE DEPOSIT PROVIDES KEY ADVANTAGES The Coosa graphite deposit is a source of domestic U.S. natural flake graphite • Exploration drilling to further define the deposit is complete (geological model expected in 2022). • Westwater’s vanadium discovery at its Coosa Graphite Deposit could
Slide 13: Advancing Our Graphite Business
ADVANCING OUR GRAPHITE BUSINESS We continue to advance our battery-grade graphite business: • As of September 30, 2022, we have incurred $50.5 million of the $202 million estimated costs to construct Phase I of the Kellyton graphite processing plant. • We incurred product development expenses of $0.
Slide 14: Financial Summary
FINANCIAL SUMMARY Quarter Ended Quarter Ended ($ in 000, Except for Per Share and Share Amounts) Variance September 30, 2022 September 30, 2021 Net Cash Used in Operations1 $(8,589) $(13,040) (34%) Net Cash Used in Investing Activities1 $(31,968) $(31) n/m Net Cash Provided by Financing Activities1
Slide 15: Our Team Going Forward: Tenured Leadership
OUR TEAM GOING FORWARD: TENURED LEADERSHIP Terence J. Cryan • Joined WWR as Chairman in 2017 Executive Chairman • An experienced CEO; Extensive public company board experience • 20+ year career in investment banking and private equity • M.Sc. Econ. London School of Economics Chad M. Potter • Joined
Slide 16: Our Commitment to Safety & ESG
OUR COMMITMENT TO SAFETY & ESG - Each Other - Our Environment - Our Assets - Social Compact in the Communities Where We Work - Our Reputation - Manufacturing practices are environmentally superior to a majority of existing CSPG manufacturing processes in the world Environmental Stewardship - Patent
Slide 17: Questions?
QUESTIONS? NYSE: American – WWR westwaterresources.net 17
Slide 18: Contact Us
ENERGY MATERIALS FOR THE TWENTY-FIRST CENTURY Contact Us Westwater Resources Contacts: Investor Relations Contact: Terence J. Cryan, Executive Chairman Michael Porter, Porter, LeVay & Rose Chad M. Potter, President & CEO Email: info@Westwaterresources.net Steven M. Cates, CFO & VP-Finance 18
Westwater Resources — Investor Presentation (November 2022) on 6ix