Largo Physical Vanadium Corp. · TSXV:VAND
Largo Physical Vanadium — Investor Presentation (September 2022)
17 slides from Largo Physical Vanadium's investor presentation, Sep 23, 2022
Slide 1: TSX.V: VAND lpvanadium.com
TSX.V: VAND Ipvanadium.com
Slide 2: Disclaimers
DISCLAIMERS DISCLAIMER Largo Physical Vanadium Corp. (‘LPV") has not authorized anyone to provide prospective investors with additional or different information, LPV is not offering to sell shares or other securities in any jurisdiction where the offer or sale of such securities is not permitted, Ma
Slide 3: Investment Summary
INVESTMENT SUMMARY Direct exposure to physical vanadium Sponsored by Largo, a tier one vertically integrated, mining and vanadium flow battery (VRFB) company, with Sprott Capital Partners as an advisor to LPV Secure storage of vanadium through Largo’s Safekeeping agreement Reduced management expense
Slide 4: Vanadium: Supporting the New Economy
VANADIUM: SUPPORTING THE NEW ECONOMY Vanadium is a key transition metal used in green steel and energy storage applications. Decarbonization is expected to drive fast increases in demand. 7 ay Demand for low-carbon technology should require 173% Vanadium supports the ESG investment case with more va
Slide 5: Vanadium Market Overview
VANADIUM MARKET OVERVIEW + Total market size of ~$4 billion at $9 / Ib V,0;; Vast majority of market transacts on annual contracts; + Inelastic Supply: ~70% of vanadium is byproduct of steel production using blast furnaces and low- quality iron ore. Vanadium Market Sales Distribution (56) Annual Con
Slide 6: Current Supply Deficit to Persist
CURRENT SUPPLY DEFICIT TO PERSIST + Difficult and lengthy to bring new vanadium production to market; Largo’s + Lower iron ore prices and Chinese restrictions aiming to reduce carbon Maracas Menchen Mine is only new vanadium mine in over ~30 years emissions are expected to decrease production Histor
Slide 7: Vanadium Demand Driven by New Use Cases
VANADIUM DEMAND DRIVEN BY NEW USE CASES ay put upward pressure on prices without new primary or secondary supply + Ina tight market the 2017/2018's price increase was driven by revision to Chinese rebar standards cs, & + LPVis expected to be a demand driver in a small spot vanadium market + Symbioti
Slide 8: VRFB: Batteries Designed to Last for Decades
VRFB: Batteries Designed to Last for Decades Power & Energy Decoupled 0 Vanadium electrolyte in cathode and anode eliminating cross contamination Negative Vanadium . Solution Batteries last for decades, are reusable, nN : . Z g and non-degrading electrolyte allows for unlimited use Positive Vanadium
Slide 9: LPV & VRFB: Innovative Business Model
LPV & VRFB: Innovative Business Model Lithium Price vs. Li-ion Battery Cost For ilustrative Purposes Only VRFB Cost Breakdown LPV i: Ownership / lithium Price Liion Battery Cost 7 Vanadium Price vs. VRFB Cost Other Component Vanadium ee Costs Cost Drastically reduces cost of VRFB Forlustratve Purpos
Slide 10: Operational VRFB Installations, Just Getting Started
10 180 OPERATIONAL VRFB INSTALLATIONS, JUST GETTING STARTED. LPV| cz:
Slide 11: Largo Overview (TSX, NASDAQ: LGO)
LARGO OVERVIEW (TSX, NASDAQ: LG0) Tier One Vanadium Producer Strong Liquidity Position with a Focus on Costs Emerging Energy Storage Business Experienced Team n ¥ World's largest primary vanadium producer with a V0; equivalent production capacity of 13.2 kt per year; ~7% of world vanadium supply v P
Slide 12: LPV: Structure
a7 LPV: STRUCTURE Technical Advisory LARGO == Safekeeping ‘Agreement Sprott irr Parti anners Marketing & Financial Advisory Protected Tanks LP Investors | Largo Physical Vanadium Rental Income Protected Warehouses LPV Largo Physical Vanadium
Slide 13: LPV: Operating Overview
LPV: OPERATING OVERVIEW LPV Proposed Details Exchange: Governance: Objectives: Strategy: Vanadium Purchases, Rentals & Key Agreements: Vanadium ROFR: Annual Fees: Storage: Annual Expenses: 8 Largo Physical Vanadium Corp. (“LPV"). TSX Venture Exchange (Ticker: VAND) * Officers: CEO, CFO and Corporate
Slide 14: Key LPV Agreements
KEY LPV AGREEMENTS Y Provide marketing and capital markets support; and Marketing and Financial Advisory Agreement ¥ Provide advice and recommendations to Board of Directors in respect of LPV's strategy and restrictions, including, whether potential vanadium purchases reflect market conditions at th
Slide 15: Management and Directors
Management and Directors Paul Vollant President & CEO Over 1 years of experience in the sales and marketing of strategic metals and minerals John Kanellitsas Independent Director Vive Chairman of Lithium Americas Corp. (LACUS) and former C00 Geologic Resource Partners, LLC at Carmelo Marrelli CFO Ov
Slide 16: Summary
6 SUMMARY sf Opportunity to invest in the underlying commodity associated with a superior energy transition technology and its role in major global ESG initiatives rey Vanadium electrolyte rental structure expected to cover a portion of LPV O° expenses Expected Upside Driven By: Vanadium Price Overv
Slide 17: Contact Information
Contact Information = Paul Vollant President & CEO <= Tel: +41.796.631 Email: pv@Ipv: 55 University Avenue Suite 1105. = Toronto, OntarioM5)2H7 . - % ee
Largo Physical Vanadium — Investor Presentation (September 2022) on 6ix