Cobalt Blue Holdings Ltd. · ASX:COB
Cobalt Blue — Investor Presentation (February 2023)
21 slides from Cobalt Blue's investor presentation, Feb 28, 2023
Slide 1: Investor Webinar
28 February 2023 Investor Webinar
Slide 2: Webinar Agenda
Webinar Agenda 1. COB update 2. The cobalt market 3. Developments in NCM and LFP Market Share 4. Influence of the Inflation Reduction Act/ Green Deal Industrial Plan response ASX: COB 2 Source: Cobalt Blue Holdings Limited
Slide 3: Recent Key Milestones
Recent Key Milestones 1. Capital raise: Placement and shareholder entitlement raised A$22m. 2. Feasibility Study (FS) progressing: Contracted engineering firms engaged, EIS fieldwork continues. 3. Demonstration Plant: Underground mining and concentrate processing complete. First large scale MHP expe
Slide 4: BHCP: Demonstration Plant
BHCP: Demonstration Plant Underground Portal Concentrator Circuit ASX: COB 4 Source: Cobalt Blue Holdings Limited
Slide 5: BHCP: Demonstration Plant
BHCP: Demonstration Plant Horizontal vacuum filter belt & Pressure oxidation leach circuit MHP (30% Co, 7% Ni) & Cobalt Sulphate (20% Co) ASX: COB 5 Source: Cobalt Blue Holdings Limited
Slide 6: Recent Key Milestones
Recent Key Milestones 4. Project Partner discussions ongoing: Targeting OEMs, manufacturers and traders across the battery supply chain. 5. Critical Minerals Accelerator Grant: (A$15m) funds contributing towards FS delivery. ASX: COB 6 Source: Cobalt Blue Holdings Limited
Slide 7: Cobalt Prices: Supply outpacing demand
Cobalt Prices: Supply outpacing demand $55 Metal (Europe) $55 $50 Hydroxide (China) $50 $45 Sulphate (China) $45 $40 $40 $35 $35 $30 $30 US$/lb US$/lb Historical Avg Metal Price $25 $25 $20 $20 $15 $15 $10 $10 $5 $5 $0 $0 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 ASX: COB 7 Sour
Slide 8: Cobalt Prices: Supply outpacing demand
Cobalt Prices: Supply outpacing demand 450 450 Rest of World 400 Australia 400 350 Indonesia 350 DRC 300 300 Demand ‘000 tonnes ‘000 tonnes 250 250 200 200 150 150 100 100 50 50 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 ASX: COB 8 Source: Wood Mackenzie, Rho
Slide 9: LFP and its future beyond China
LFP and its future beyond China Will Roberts 28th February 2023 Copyright Rho Motion 2023, sharing or reproduction is not permitted without permission
Slide 10: LFP share rising, so is cobalt demand
LFP share rising, so is cobalt demand Li-ion battery cell chemistry market share Li-ion battery cell chemistry growth vs cobalt demand ASX: COB 10 Source: Rho Motion, Cobalt Blue Holdings Limited
Slide 11: NCM vs LFP
NCM vs LFP Li-ion EV battery cell chemistry market share Most EV batteries today use one of two types of cathodes: ▪ Nickel Cobalt Manganese (NCM) cathodes: ▪ Capable of storing more energy ▪ Superior life spans ▪ Superior thermal stability, thus safer ▪ Use costly materials (nickel, cobalt). LFP NM
Slide 12: Chemistry deployment varies significantly between regions
Chemistry deployment varies significantly between regions Battery demand by region % of EV sales Battery demand chemistry split, 2022 LFP NCA NCM 100 2022 80 60 China North America Europe Other 40 20 2025 0 North America Europe China Global 12 www.RhoMotion.com Copyright Rho Motion 2023, sharing or
Slide 13: Average pack sizes are smaller for LFP for nearly every vehicle segment
Average pack sizes are smaller for LFP for nearly every vehicle segment in which it appears Average pack size comparison: LFP vs all Chemistries kWh 50 Average LFP Average -16% 40 30 2020 2021 2022 13 www.RhoMotion.com Copyright Rho Motion 2023, sharing or reproduction is not permitted without permi
Slide 14: LFP penetration in vehicle sales is higher than in battery deployment
LFP penetration in vehicle sales is higher than in battery deployment, heavily weighted by China Average pack size of LFP above average Average pack size of LFP below average for the region for the region % 100 Penetration rates for EV sales and Battery deployment in EVs, by region, 2022 Units sold
Slide 15: LFP adoption in Europe and North America
LFP adoption in Europe and North America 8% 100GWh Nevada Peak North LFP Mach-e Facility – Nickel penetration: 35GWh LFP plant America option 2023 Cells needed for CT and Semi LFP F-150 12-15% Online 2026 option 2024 Potential future LFP – for ESS LFP NCA NCM 27% Peak penetration: Europe LFP for ‘En
Slide 16: ESS Battery demand is ~10-15% relative to the EV market
ESS Battery demand is ~10-15% relative to the EV market and is quickly moving to LFP *Calculations based on 39kWh average pack size NCM BESS Grid & BTM annual installations TWh 1.0 2022 Equivalent to 22 million EVs 0.8 LFP 0.6 LFP Equivalent to 10.5 million EVs 0.4 2020 Equivalent to 6.1 million EVs
Slide 17: LMFP technology spotlight
LMFP technology spotlight Next Generation LFP Energy improvements – LFP (left) vs. LMFP (right) • This quarter we have split out LMFP in the cathode 5 5 chemistry forecast on the back of increased Additional steps & potential issues interest and announcements from cell • Nanosizing manufacturers and
Slide 18: US Bipartisan Infrastructure Law and Inflation Reduction Act
US Bipartisan Infrastructure Law and Inflation Reduction Act 20 companies awarded USD2.8 billion EV purchase price by OEM and IRA eligibility funding from the Infrastructure Law Vehicle price, Based on just the assembly location and vehicle price criteria a majority of EVs on USD ‘000 sale in the US
Slide 19: Europe responds to the IRA
Europe responds to the IRA New Guidance of access to REPowerEU funds, by Member State The Four Pillars of the Green Deal Industrial Plan Loan pool: Billion EUR €225 billion • Simplify the regulatory 7 Funds for potential transfer from the Brexit Adjustment Reserve environment – ease of Funds for pot
Slide 20: Any Questions?
Any Questions? Contact: [email protected] +44 (0) 203 960 9986
Slide 21: Disclaimer
Disclaimer ▪ This presentation includes forward-looking statements. Forward-looking statements are not guarantees or predictions and involve known and unknown risks, uncertainties and assumptions, which are outside the control of Cobalt Blue Holdings Limited (“COB” or “the Company”). These risks, un
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