Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — AMG Advanced Metallurgical Group — Investor Day (January 2022)
28 slides from Amg Critical Materials's investor day presentation, Jan 11, 2022
Slide 1: Enabling the Energy Transition - Capital Markets Day, January 11, 2022
ENABLING THE da __ <==: CAPITAL MARKETS DAY | JANUARY 11,2022 ¢ AMG ADVANCED 2 -METALLURGICALGROUP.NW.< >
Slide 2: Table of Contents
TABLE OF CONTENTS Agenda AMG’s Global Lithium Strategy Upstream Growth Strategy Downstream Growth Strategy Q&A
Slide 3: Today's Agenda
TODAY’S AGENDA CO) Dr. Schimmelbusch CEO - AMG AMG’s Global Lithium Strategy y Mr. Costa CEO — AMG Brazil > Joined AMG in 2011 > Bachelor from UFMG, Master from UFRGS and Postgraduate Degree from the University Of Queensland Dr. Scherer CEO — AMG Lithium GmbH Upstream Growth Strategy > Joined AMG in
Slide 4: AMG's Global Lithium Strategy by Dr. Heinz Schimmelbusch
Slide 5: Europe Is Now the Fastest Growing Electric Vehicle Market
EUROPE IS NOW THE FASTEST GROWING ELECTRIC VEHICLE MARKET CAGR Battery Electric 2017-2035 Vehicle and Plugin le Hybrid Electric = 18% Vehicle Sales by Por Region (millions) — 19% 13.7 Europe: —— 25% 12 2.0 2.2 3.1 a | |__| 2017 2018 2019 2020E 2021E 2025E 2030E 2035E Electric Vehicles E in EU (mm) 9
Slide 6: 2021 - 2022 YTD Lithium Pricing
2021 — 2022 YTD LITHIUM PRICING —Carbonate —Hydroxide $55,000 $48,148/mt $45,000 4 35,000 = $ $33,250/mt iS = wn $25,000 4 $15,000 | $5,000 + + ; ; ; ; ; \ N\ \ \ & \ ~ \ ~ \ \ \ On ar ah Qu ow Na Na Mt sv wv eta AU NU wv Nt ey \ ww AN aN aw AN aw RY AN as Rw Notes 41. Prices are shown as weekly ave
Slide 7: Lithium-Ion Battery Cost Structure Estimate
LITHIUM-ION BATTERY COST STRUCTURE ESTIMATE Lithium-lon Battery Costs ($/kWh) $150 $143.60 $125 $36.0 $100 31.6 Represents <11% of $75 total battery costs, even in high Lithium price environment $23.9 $50 $13.3 $25 EVE or $9.6 $0 $6.7 Spodumene Lithium Nickel, Cobalt, | Cathode Battery Cell- Battery
Slide 8: EU Market to Require Significant Amount of Battery-Grade Lithium Hydroxide
EU MARKET TO REQUIRE SIGNIFICANT AMOUNT OF BATTERY- GRADE LITHIUM HYDROXIDE AMG will be the first in-region producer, serving the growing EU cathode material market... | Northvolt, SE Vasteras, Sweden Haldor Topsoe, DK Lyngby, Denmark HaLoor Torsoe LNMO NMC _ BASF, DE b= ETS SM Schwarzheide, Germany
Slide 9: AMG's Lithium Value Chain
AMG’S LITHIUM VALUE CHAIN From mining through to next generation lithium products Upstream - Brazil Downstream - Germany tae ra) Technical Battery Solid Electrolytes Spodumene Grade Li Grade Li Precursor Hydroxide Spodumene Expansion Under basic Construction of Current Lab- production in underway en
Slide 10: Modular Expansion Plans to Meet Growing Demand
MODULAR EXPANSION PLANS TO MEET GROWING DEMAND BG Lithium Hydroxide Battery Grade Li Hydroxide Module 2 Battery Grade Li Hydroxide Module 4 Battery Grade Li Hydroxide Module 3 Battery Grade Li Hydroxide Module 5 Module 1 20k tons Solid Electrolyte Demo Capacity Plant 100 . tons Expansion v Spodumene
Slide 11: Creating a Pure Play Lithium Company: AMG Lithium
CREATING A PURE PLAY LITHIUM COMPANY: AMG LITHIUM fe saperctien of AMG’s lithium value chain into a standalone company is underway I. Maintain 100% ownership (finance growth with current funding and operating cash flow) Three strategic alternatives: = Strong balance sheet and free cash flow from spo
Slide 12: Upstream Growth Strategy by Mr. Fabiano Costa
UPSTREAM GROWTH STRATEGY BY MR. FABIANO COSTA
Slide 13: Brazil Operations Overview
BRAZIL OPERATIONS OVERVIEW Spodumene Plant | At he ¢ Low-cost, multi- mineral mining and processing operations Ore Recovery Process * Estimated haa : Tantalum Separation, Concentrate Smelting Pegmatite Ore -——_> Feldspar & Tailings Process Flow Diag Raw Materials remaining mine life of 17 years Crus
Slide 14: AMG Mibra Mine's ESG Commitment
AMG MIBRA MINE’S ESG COMMITMENT * Energy storage materials provides substantial productivity enhancement to renewable energy production * Business plan includes fundamental CO, reductions per ton Environmental , 7 ie * Recently updated structural review of tailings dams and has satisfied the Church
Slide 15: Track Record of EHS Excellence
TRACK RECORD OF EHS EXCELLENCE Bem-vindo a AMG Brasil! Welcome to AMG Brazil! Observe as normas de seguranca Observe safety regulations . Estamosa Thin dias sem acidentes com afastamento We are ays without lost time accidents Nosso recorde é de : Cg dias Our previous record in days Zero acidentes é
Slide 16: Successful Ramp Up of Spodumene Production
SUCCESSFUL RAMP UP OF SPODUMENE PRODUCTION
Slide 17: Long-Term, Index-Priced Sales Contracts
LONG-TERM, INDEX-PRICED SALES CONTRACTS Offtake Counterparty 1 through 2023 Prepaid Offtake Expansion through 2024 — 2028 Spodumene Production: 60 ktpa 40 ktpa 90 ktpa (current) / 130 ktpa (future) Offtake Counterparty 2 through 2024 Spodumene production to be vertically integrated with a Technical
Slide 18: Lithium Concentrate Expansion Overview (Spodumene 1+)
LITHIUM CONCENTRATE EXPANSION OVERVIEW (SPODUMENE 1+) Spodumene Plant Expansion = Capacity increase from 90 ktpa to 130 ktpa = Absence of technical risk a Expected operational improvements Execution Timeline March 2021 May 2022 April 2023 Test work & Front- Construction Start-Up end Loading (“FEL”)
Slide 19: Technical Grade Lithium Precursor Overview
TECHNICAL GRADE LITHIUM PRECURSOR OVERVIEW Technical Grade Lithium Precursor Plant = Basic engineering underway = Target capacity of 16.5 ktpa = Focus on producing an interim technical lithium precursor material Execution Timeline March 2022 Nov. 2023 Dec. 2025 Test work & Detailed Commissioning FEL
Slide 20: AMG Exploration
AMG EXPLORATION AMG is uniquely positioned to help develop and commercialize lithium deposits globally Y Operational experience Battery Grade Li Hydroxide AMG possesses the Y De-risking project know-how from Technical development first ore through Expertise construction and ¥ Downstream value chain
Slide 21: Downstream Growth Strategy
fd SS eA DOWNSTREAM GROWTH STRA : BY DR. STEFAN SCHI ty
Slide 22: Overview of Lithium Upgrading Facility in Germany
OVERVIEW OF LITHIUM UPGRADING FACILITY IN GERMANY = Production of highly-refined, battery-grade Lithium hydroxide = Located in Bitterfeld/Germany in an industrial chemical park = Module 1 with 20,000 MT capacity, further modules up to 100,000 MT = Expected capex of $120 million for module 1, $75 mil
Slide 23: Lithium Hydroxide Offtake Arrangements: 90% of Capacity Currently Under MOU
LITHIUM HYDROXIDE OFFTAKE ARRANGEMENTS: 90% OF CAPACITY CURRENTLY UNDER MOU Existing offtakes/MoUs: 20,000 ¢ Executed MoUs cover up to 90% 15,000 : of module #1 capacity 5 = 10,000 Ee g 9 . = * Discussions with all key European Cathode Active Materials sya producing plants are ongoing 0 m Customer 1
Slide 24: Integrated Feedstock Sourcing Strategy
INTEGRATED FEEDSTOCK SOURCING STRATEGY Lithium Recycling Projects Market Purchases
Slide 25: Long Term: Integrated Li-Ion Battery Materials Development Towards All-Solid-State Batteries
LONG TERM: INTEGRATED Li-ION BATTERY MATERIALS DEVELOPMENT TOWARDS ALL-SOLID-STATE BATTERIES “From Lithium hydroxide to higher value Lithium performance materials” Why solid electrolytes for Lithium-ion batteries? G) Faster charging 6) Increased safety _ Higher energy density by Longer service life
Slide 26: Development Underway: Execution Timeline for ASSB Electrolytes
DEVELOPMENT UNDERWAY: EXECUTION TIMELINE FOR ALL SOLID STATE BATTERIES (ASSB) ELECTROLYTES Scale-Up | Scale-Up II Demo Plant Start of Small pilot plant Feasibility demo plant Production Start Commercial ASSB (kg range) (100 tpa) Electrolytes Facility Construction Start R&D Basic Engineering on Comme
Slide 27: Creating a Pure Play Lithium Company: AMG Lithium
CREATING A PURE PLAY LITHIUM COMPANY: AMG LITHIUM fe saperctien of AMG’s lithium value chain into a standalone company is underway I. Maintain 100% ownership (finance growth with current funding and operating cash flow) Three strategic alternatives: = Strong balance sheet and free cash flow from spo
Slide 28: Thank You
Thank You
AMG Advanced Metallurgical Group — Investor Day (January 2022) on 6ix