Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Bell Potter Unearthed Conference (February 2022)
21 slides from Liontown's conference presentation, Feb 8, 2022
Slide 1: Fast charging towards a low carbon future
For personal use only Fast charging towards a low carbon future Introduction to Liontown Resources February 2022 ASX: LTR 1 | LIONTOWN RESOURCES February 2022
Slide 2: Important Information
Important Information For personal use only Cautionary Statement Competent person statement The production targets and forecast financial information referred to in the Definitive Feasibility Study (DFS) and Downstream The Information in this Presentation that relates to Exploration Results and Mine
Slide 3: Investment Highlights
Investment Highlights For personal use only Globally significant Tier 1 project Robust lithium thematic, timed to perfection Clear long-term strategy with material value upside ESG core to strategy Well capitalised with strong flexibility Foundational offtake agreement with LG Energy Solution Experi
Slide 4: Liontown Corporate Overview
Liontown Corporate Overview Liontown is focused on the development of the world-class Kathleen Valley Lithium Project For personal use only Projects Corporate snapshot (4 Feb 2022) ASX: LTR Kathleen Valley World-class scale and economics Market Cap. Share price ($/s) 156Mt @ 1.4% Li2O & 130ppm Ta2O5
Slide 5: Board and Management
Board and Management Highly experienced Board and Executive Leadership Team, with a track record of delivering shareholder value For personal use only Board of Directors Executive Leadership Team Tim Goyder Craig Williams Tony Ottaviano Chairman Non-Executive Director Managing Director / CEO +40 yea
Slide 6: Liontown's Strategy
Liontown’s Strategy We aim to be an ESG-leader, and a globally significant provider For personal use only of battery materials for the rapidly growing clean energy market Stage 3 Stage 2 Liontown Full Potential Expand portfolio through organic Stage 1 growth, value accretive M&A and exposure to the
Slide 7: Liontown's ESG Focus – Years to Net Zero
Liontown’s ESG Focus – 10 Years to Net Zero1 For personal use only Environment Customers • Aspiring to have best-in-class Scope 1 and 2 emissions • Automotive OEMs increasingly demand and reduced impact on local surroundings environmentally-friendly, low-carbon batteries to achieve Scope 1-3 targets
Slide 8: Lithium Market Dynamics
Lithium Market Dynamics Forecast lithium market deficit is expected to continue and grow. There is currently no substitute for lithium in Li -ion cathodes. For personal use only Global lithium market balance (battery grade), 2021-31, kt LCE Metals content of Li-ion battery cathodes by mass3 2,750 Ba
Slide 9: Leading Project Financials and Capital Intensity
Leading Project Financials and Capital Intensity Kathleen Valley delivers compelling economics and is one of lowest capital intensity development projects globally For personal use only November 2021 DFS Key Metrics Capital Intensity of Comparable Projects (US$/t)6,7,8 Based on April 2021 MRE – 156M
Slide 10: Delivering in a Challenging Environment
Delivering in a Challenging Environment Liontown is proactively managing the Covid-19 environment and well-positioned to develop Kathleen Valley on both time and budget For personal use only People Permitting Systems Engineering • Early engagement with people that • Permit preparation well-advanced
Slide 11: Robust Project Fundamentals – DFS NPV Sensitivity Analysis
Robust Project Fundamentals – DFS NPV Sensitivity Analysis Kathleen Valley is a long-life, world-class project that can withstand sensitivities For personal use only Kathleen Valley NPV at Various Spodumene Prices SC6.0 Recoveries 9,000 DFS Assumption – 78% 7,435 − 85% – NPV: A$4.8B − 70% – NPV: A
Slide 12: 2024 Production Target
2024 Production Target For personal use only Project milestones on schedule Liontown positioned to deliver project on schedule A$450m First Early DFS equity offtake FEED/ works/ Construction complete raising signed FID design complete Commission Production Q4 2021 Q4 2021 Q1 2022 Q2 2022 Q4 2022 Q4
Slide 13: Project Funding Update
Project Funding Update Liontown has secured approximately 80% of its total funding requirement for Kathleen Valley For personal use only Funding Bridge to Kathleen Valley First Production (A$m) 121 595 Liontown is well-advanced on funding discussions for the remaining A$121m 13 474 Traditional ban
Slide 14: Well Advanced Offtake Negotiations
Well Advanced Offtake Negotiations Foundational offtake agreement with LG Energy Solution sets the base for securing further, high quality offtake partners For personal use only Target Customers & End Markets LG Energy Solution - Overview Established company with significant operating scale • Market
Slide 15: Downstream Processing Opportunity
Downstream Processing Opportunity The updated DSS confirms: Value maximizing pathway for Liontown is a staged -build, integrated mining, processing and refining operation producing Lithium Hydroxide Monohydrate (“LHM”) For personal use only Value Maximising The Integrated Project has the potential t
Slide 16: Liontown's Long-Term Strategy
Liontown’s Long-Term Strategy Liontown is planning for the future For personal use only Kathleen Valley Spodumene Future Supply Optionality for spodumene or Liontown is continuously exploring processed lithium sales based on opportunities to increase battery market conditions minerals inventory ~700
Slide 17: Liontown's Investment Proposition
Liontown’s Investment Proposition For personal use only Timed To Integrated Tier 1 Asset ESG-Positive Near Term Priorities Perfection Opportunity 1 Continue to execute attractive offtake agreements to support FID 2 Progress and finalise project funding Kathleen Valley is a Net zero trajectory, wit
Slide 18: Thank You
For personal use only Thank You For More Information: Investor Relations: Tony Ottaviano Nicholas Read Managing Director Read Corporate T: +61 8 6186 4600 T: +61 8 9388 1474 info@ltresources.com.au nicholas@readcorporate.com.au @LiontownRes liontown-resources-limited 18 | LIONTOWN RESOURCES February
Slide 19: Appendix
For personal use only Appendix Kathleen Valley Project Peer Benchmarking 19 | LIONTOWN RESOURCES February 2022
Slide 20: Peer Comparison Information – Capital Intensity
Peer Comparison Information – Capital Intensity For personal use only LOM Spodumene LOM Capital Capital Cost Production Intensity Company Project Stage (US$m1) (Mt) Grade (%) (US$/t)2 Information Source ASX Announcement – Kathleen Valley DFS confirms Liontown Resources Kathleen Valley – DFS Developm
Slide 21: For personal use only
For personal use only Level 2, 1292 Hay St West Perth WA 6005 T: +61 8 6186 4600 info@ltresources.com.au www.ltresources.com.au @LiontownRes liontown-resources-limited 21 | LIONTOWN RESOURCES February 2022
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