Slide 1: December 2022 Quarterly Activities Presentation
December 2022 Quarterly Activities Presentation Thursday 19 January 2023 ASX: PLS Investor conference call covering the December 2022 Quarterly results will be held 6.30am (WST) / 9.30am (AEDT) - Friday, 20 January 2023 Options for participating in the call: Teleconference – for Analysts, Brokers, F
Slide 2: Q2 FY23 Highlights
162,151 dmt 10% spodumene production Q on Q 148,627 dmt 8% Q2 FY23 spodumene sales Q on Q Highlights US$5,668/dmt 1 33% average realised spodumene Q on Q concentrate price A$579/dmt 2 5% unit operating cost Q on Q (FOB Port Hedland excl royalties) All highlights as at 31 December 2022 1. ~SC5.4 basi
Slide 3: Q2 FY23 Highlights (continued)
Cash balance - $2.226 Billion. Offtake customer price reviews completed, resulting in improved pricing outcomes. Capital Management Framework established, inclusive of inaugural Q2 FY23 dividend policy. Highlights $250M Australian Government debt facility for P680 Expansion Project. (continued) Boar
Slide 4: Our Strategy
Deliver on our current commitments Achieve full potential at Pilgangoora Our Strategy To be a leader in the provision of sustainable battery material Extract greater value along the battery materials products supply chain Diversify revenue beyond Pilgangoora 4
Slide 5: Safety and people
Safety and people Great people that go home safe and well every day 3.5 (Sept Qtr 4.2) 1.17 (target 1.00) Click to edit Total recordable injury frequency rate (TRIFR) Safety Interactions1 completed per 1,000 hours 87% 7 participation rate in annual employee graduates commenced – engagement and cultu
Slide 6: Quarterly spodumene production / shipments
Production and sales Quarter on quarter performance 180,000 Quarterly spodumene production / shipments (dmt) 160,000 Production 140,000 10% 120,000 100,000 Click to edit Q on Q (Q1-Q2 FY23) 80,000 60,000 Shipments 40,000 8% Q on Q 20,000 (Q1-Q2 FY23) 0 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Produced (dmt)
Slide 7: 6MW solar plant energised
6MW solar plant energised A key enabler of our decarbonisation pathway providing an estimated reduction of 9,900t of CO2 emissions annually over the contract period for the Pilgangoora Operation 1. Click to edit 1 Refer ASX release 20 October 2021 7
Slide 8: Expansion pathway to 1Mtpa
Expansion pathway to 1Mtpa Accelerated growth to capture improved demand conditions and increase revenue ~1,000 P680 Expansion P1000 Project Click to edit (subject to FID) Revised capital estimate, on target to meet delivery schedule 680 P680 Project – under construction 580 P1000 Expansion $38.3M p
Slide 9: Extract greater value along the battery materials supply chain
Extract greater value along the battery materials supply chain POSCO Pilbara Lithium Solutions JV Mid-stream JV (lithium hydroxide chemicals) (lithium salts >35% Li2O) • Construction progressing • Innovative “value added” refining process using flash • Commissioning of the first train targeted to ca
Slide 10: December Quarter 2022 - Highlights
Financials December Quarter 2022 - Highlights • Strong operating margin supports an $851M increase US$5,668/dmt 1 33% in the cash balance to $2.2 billion. average realised spodumene Q on Q • Higher pricing achieved from combination of concentrate price stronger market pricing and improved pricing A$
Slide 11: Cashflow waterfall
A$M Cash balance 30 September 2022 Revenue received Cashflow waterfall $949.8M Payments for operations Margin from Operations Capital expenditure payments Repayment of borrowings Click to edit Net interest income Other Cash balance 31 December 2022 11
Slide 12: Capital Management Framework
Capital Management Framework Inaugural dividend policy following strong operating performance and cashflows Safe and reliable operations Capital productivity • Inaugural dividend payment to be applied to FY23 financial results. Net operating cash flow • Framework prudently allocates capital Sustaini
Slide 13: Market update
Market update 13
Slide 14: Thank you
Thank you Follow us on pilbaraminerals.com.au ASX: PLS
Slide 15: Important Notices
Important Notices This document has been prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated Thursday 19 January 2023. Not an offer of securities This document is provided for informational purposes and does not constitute or contain an offer, invitat
Slide 16: Important Notices
Important Notices Forward looking statements Statements contained in this document, including but not limited to those regarding possible or assumed production, sales, future capital and operating costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth
Slide 17: Important Notices
Important Notices Financial information In order to provide additional insight into the business, certain non-IFRS measures such as “EBITDA”, “underlying profit after tax”, “Cash Balance inclusive of LOC” and “”Net Cash/(Debt)” may be used in this presentation which are unaudited, non-IFRS measures