Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — H1 2023 Earnings Presentation
20 slides from Lynas Rare Earths's earnings presentation, Feb 27, 2023
Slide 1: Lynas Rare Earths Limited 1H 23 Results Presentation
Lynas Rare Earths Limited 1H 23 Results Presentation 27 February 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas looking statements including projections, guidance on future earnings and estimates are provided or the Company) this presentation contains summary information about Lynas and its subsidiaries as
Slide 3: Acknowledgement
Acknowledgement You will need to 1. 2. xx Lynas Rare Earths acknowledges the Traditional Owners of the lands on which we live, work and meet, across Australia. We acknowledge and value Lynas’ Aboriginal and Torres Strait Islander employees, partners and communities and pay respect to 4. their Elders
Slide 4: 1H financial highlights
1H 23 financial highlights You will need to Profit Sales Revenue $150.1m $370.0m 1H 22 NPAT: $156.9M 1H 22: $314.8M EBITDA Cash and Short Term Deposits $189.0m $934.2m 1H 22: $189.8M 1H 22: $674.2m 44
Slide 5: 1H operational highlights
1H 23 operational highlights 7,957t 2,553t Total REO production NdPr production 1H 22: 7,375 tonnes 1H 22: 2,614 tonnes $52.5 $240m Average selling price Property, plant & per kg REO equipment capital spend 1H 22: $48.6/kg 1H 22: $117.7m 55
Slide 6: 1H ESG highlights
1H 23 ESG highlights Maintaining safe Supporting our operations communities LTIF rate of 0.9 per million Lynas Local Giving hours worked Programme launched in WA Lynas sports carnival attended Lynas Malaysia - highest possible rating in AELB audit by 4,000+ community members in Kuantan Malaysia & Mt
Slide 7: Rare earths have the attention of governments around the world
Rare earths have the attention of governments around the world Japan Canada: • Rare earths included in National • Critical Minerals Strategy UK to collaborate Security Strategy (January 2023) with Saudi Arabia on critical minerals United States • Minerals Security Partnership • Inflation Reduction A
Slide 8: Rare earths are essential to the global energy transition
Rare earths are essential to the global energy transition The Global Energy transition requires* $6 trillion worth of metals 5X more than we need today to meet demand over the next 30 years *Source: Bloomberg New Energy Finance Demand for rare earths continues to grow for EV and wind energy markets
Slide 9: Malaysia Update
Malaysia Update • Team successfully managed significant water disruptions during September quarter • Production progressively returned to Lynas NEXT after slow start in December quarter due to residual water issues • Works to receive mixed rare earth carbonate (MREC) feedstock from Kalgoorlie Facili
Slide 10: Equipment fabricated for MREC receiving facilities
Equipment fabricated for MREC receiving facilities Polishing filter De-canter Sulphate removal pump 10
Slide 11: MREC integration at Lynas Malaysia
MREC integration at Lynas Malaysia Plant air HCL line 11kV feeder Process water Instrument air Low pressure steam Caustic line 11
Slide 12: Malaysian Regulatory Update
Malaysian Regulatory Update • Lynas Malaysia operating licence renewed for 3 years from 3 March 2023, with no change to the conditions prohibiting the import and processing of lanthanide concentrate after 1 July 2023 • If not removed, these conditions will require the closure of the Lynas Malaysia c
Slide 13: Mt Weld Update
Mt Weld Update Developing the Mt Weld resource to meet accelerating demand growth • Mining Campaign 4-1 continued • Record volume of REOt in concentrate (Dec quarter) • Building the lanthanide concentrate stockpile for Kalgoorlie • Ongoing exploration program below the current Mt Weld life of mine d
Slide 14: Kalgoorlie Update
Kalgoorlie Update Expanding our industrial footprint with the Kalgoorlie Rare Earths Processing Facility Progress during the half year included: • Accelerated construction activities • Award of final construction packages • Recruitment of operational leadership team • Environmental activities includ
Slide 15: Kalgoorlie Rare Earths Processing Facility
Kalgoorlie Rare Earths Processing Facility Panoramic photo of Kalgoorlie Rare Earths Processing Facility 15
Slide 16: USA Update
USA Update Planned U.S. Rare Earths Processing Facility Progress during the half year included: • Continued progress on deliverables under previously announced contracts • Engineering design completed • Working with U.S. Department of Defense on follow-on phase including detailed costings • Proposed
Slide 17: Our commitment to ESG
Our commitment to ESG People Communities Environment Awards & - Lynas employs over Lynas aims to: Lynas has implemented: recognition 1050 people globally - Finalist for 2022 Golden - Hire locally - Greenhouse Gas Policy Gecko Award for - Lynas is committed to a - Buy locally - Rehabilitation trials
Slide 18: Lynas is growing to meet accelerated market demand
Lynas is growing to meet accelerated market demand Malaysia: Over RM$3 billion in foreign direct investment, since 2008 Approx. 1000 ongoing jobs United States: (98% local employment) Planned U.S. Rare Earths Processing Facility (Heavy and Light Rare Earths) Approx. 619 jobs to be created during con
Slide 19: Visit us at LynasRareEarths.com
Visit us at LynasRareEarths.com 19
Slide 20: Appendix A: JORC Compliance and Competent Person's Statement
Appendix A: JORC Compliance and Competent Person’s Statement Exploration Results The information in this report that relates to the Exploration Results is based on information compiled by Dr Sadangaya Ganesh Bhat. Dr Sadangaya Ganesh Bhat is a full-time employee of Lynas Rare Earths. Dr Sadangaya Ga