Eramet Sa · EURONEXT:ERA
Eramet Sa — BofA Securities Virtual 2023 Lithium & Battery Storage Conference
24 slides from Eramet Sa's conference presentation, Dec 7, 2023
Slide 1: Centenario Lithium Project
Centenario Lithium Project Geoff STREETON, Group Chief Development Officer BofA Securities Virtual 2023 Lithium & Battery Storage Conference 7 December 2023
Slide 2: Eramet at a Glance
01 ERAMET AT A GLANCE ERAMET'S CAPITAL MARKETS DAY 2023 BofA 2023 Lithium & Battery Storage Conference
Slide 3: A global pure mining & metals company
A global pure mining & metals company REFOCUSED ON FOUR ACTIVITIES IN M&M RECORD FINANCIAL RESULTS IN 2022 Manganese Nickel Adjusted 59% 33% EBITDA1 of sales 2022 Group of sales Adj. turnover FCF 9% €5.4bn generation €1.9bn of sales In construction Mineral sands Lithium €824m ADJUSTED SALES BY GEOGR
Slide 4: World-class mining portfolio, a key differentiator
World-class mining portfolio, a key differentiator Large resource, long-life, high-grade, scalable deposits positioned in the 1st quartile of their commodity sector cost curves Moanda GABON Weda Bay INDONESIA GCO SENEGAL Centenario ARGENTINA 454 2,800 3,030 15 Mwmt Mwmt Mt Mt 44 1.3 1.14 350 % % % m
Slide 5: A CSR commitment and performance recognized by leading rating agencies
A CSR commitment and performance recognized by leading rating agencies A- CLIMATE CHANGE B- Prime B- SECURITY WATER Among the Among the best in the best in the industry industry A 27.1 2nd decile 1st decile in the M&M in the M&M sector sector ERAMET'S CAPITAL MARKETS DAY 2023 BofA 2023 Lithium & Bat
Slide 6: Expand value in resilient and fast-growing markets
Expand value in resilient and fast-growing markets Strategy aligned with global macro trends GROW IN METALS supporting SUSTAINABLY DEVELOP CRITICAL global economic development METALS for the energy transition Producing low emission products and Developing ongoing and future projects, high-grade ore
Slide 7: Well positioned in the battery value-chain to sustainably create value
Well positioned in the battery value-chain to sustainably create value leveraging on our core expertise PRIMARY SECONDARY UPSTREAM UPSTREAM 22 28 27 22 28 27 25 Li Ni Co Li Ni Co Mn Mining and first Refining & CAM Battery Battery life cycle transformation production recycling High-returns Positioned
Slide 8: Centenario Lithium Project
02 CENTENARIO LITHIUM PROJECT ERAMET'S CAPITAL MARKETS DAY 2023 BofA 2023 Lithium & Battery Storage Conference
Slide 9: Our flagship Centenario project
Our flagship Centenario project CENTENARIO RESOURCES (Mt-LCE) Leveraging strong resource position to benefit from the growth in energy 15Mt Mt-LCE transition 16 1 14 One of the most attractive deposits in the 12 Lithium Triangle 10 Untapped significant resource 8 @ average grade of 350 6 mg/L 4 of L
Slide 10: Our flagship Centenario project
Our flagship Centenario project State-of-the-art development showcasing “made in Eramet” Development Phase 1 phase Unlocking the potential Phase 2 1st tranche In-house DLE Partnership with Tsingshan since end-2021 technology (50.1% Eramet, 49.9% Tsingshan) c.30kt-LCE >$30m 24kt-LCE Production capaci
Slide 11: Our flagship Centenario project
Our flagship Centenario project Phase 1 - Attractive profitability underpinned by first quartile cost position COST CURVE OF THE LITHIUM INDUSTRY (2028, ERAMET INTERNAL ESTIMATES) Cash cost1, $/kg LCE 30 Expected strong resilience through-the-cycle 25 20 Spot price First quartile positioning Current
Slide 12: Our flagship Centenario project
Our flagship Centenario project Phase 1 - Battery-grade lithium extracted with a low-impact sustainable method CONTINUOUS R&D HIGHEST STANDARDS TO IMPROVE OUR TECHNOLOGY TO BECOME A BENCHMARK Mining site to engage IRMA -60% Scope 3 CO2 intensity audit by end of 2024 performance vs. average spodumene
Slide 13: Our flagship Centenario project
Our flagship Centenario project Phase 1 on time and focused on commissioning Phase 1 advancement towards 75 % COMPLETION RATE 1,420 PEOPLE ON ON TRACK commissioning THE CONSTRUCTION TO START SITE LITHIUM CARBONATE c.90% >95 % Past four PRODUCTION years IN Q2 2024 performance LITHIUM RECOVERY OF BATT
Slide 14: Our flagship Centenario project
Our flagship Centenario project Scalable and high-quality deposit offering clear growth perspectives TARGETED CAPACITY PRODUCTION (ON A 100% BASIS, IN kt-LCE) Strong upside to unlock >75 from a sequenced approach ▪ Subsequent phases to be implemented c.55 with the same or better economics and sustai
Slide 15: Our flagship Centenario project
Our flagship Centenario project Phase 2, 1st tranche, conditionally board approved (construction permitting ongoing) ATTRACTIVE MARKET FUNDAMENTALS APPEALING PHASE 2 (1ST TRANCHE) METRICS ▪ Limited competitive pressure with >50% 30 kt 4.5-5.0 k$/t LCE of new lithium projects to be hard rock PRODUCTI
Slide 16: Our flagship Centenario project
Our flagship Centenario project Phased approach to de-risk our penetration in a growing market Start of phase 1 Start of phase 2 2021 2022 2023 2024 2025 2026 PRODUCTION Phase 1 CONSTRUCTION PERIOD RAMP-UP AT NAMEPLATE CAPACITY Conditional Eramet board approval FINANCING PROCESS Phase 2 RAMP- STUDIE
Slide 17: Appendix
03 APPENDIX ERAMET'S CAPITAL MARKETS DAY 2023
Slide 18: Operating in manganese, nickel, mineral sands & developing battery-grade lithium
Operating in manganese, nickel, mineral sands & developing battery-grade lithium MANGANESE NICKEL MINERAL SANDS LITHIUM In operation In operation In operation In constrction ASSETS ASSETS ASSET ASSET Ore – Moanda (Gabon) Weda Bay (Indonesia) GCO (Senegal) Centenario (Argentina) World’s largest manga
Slide 19: Developing projects in a sustainable and responsible manner
Developing projects in a sustainable and responsible manner 22 28 27 22 28 Li Ni Co Li Ni SEEDING PROJECTS PROJECTS OUR FUTURE UNDER STUDY IN THE MAKING Centenario Phase 1: MHP (Ni-Co) in Indonesia Exploration unit production starting Q2 2024 EV Battery recycling Innovation center Centenario Phase 2
Slide 20: EV Battery recycling
EV Battery recycling Favoring an integrated approach and partnership model Integrated Upstream Downstream battery recycling Recovering blackmass1 by dismantling and shredding Extracting battery-grade Li, Ni and business model Li-ion batteries and scrap Co from blackmass ▪ DFS finalized ▪ DFS underwa
Slide 21: Geothermal lithium in France
Geothermal lithium in France Assessing the feasibility of a very low-carbon intensity project Located in the emerging Rhine Valley geothermal lithium field Bringing Leveraging on lithium our Direct exploration Lithium permits and Close to 0 Lithium extraction Extraction expertise Target CO2 emission
Slide 22: Acquisition of exploration and mining concessions in Atacama region (Chile)
Acquisition of exploration and mining concessions in Atacama region (Chile) Significant milestone in Eramet’s strategic push to build a portfolio of future projects in energy transition metals Additional $10m Secures 100% ownership of a package of $95m component subject exploration and mining conces
Slide 23: Acquisition of exploration and mining concessions in Atacama region (Chile)
Acquisition of exploration and mining concessions in Atacama region (Chile) Exploration potential for significant lithium brine resources c.120,000 Ha OF EXPLORATION & MINING CONCESSIONS La Isla Antofagast o/w c.40,000Ha of salars surfaces a region Aguilar Atacama region Grande Sole concessions pack
Slide 24: Contacts
CONTACTS Director of Investor Relations Sandrine NOURRY-DABI [email protected] Investor Relations analyst Fabien PONT [email protected] ERAMET'S CAPITAL MARKETS DAY 2023 BofA 2023 Lithium & Battery Storage Conference
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