Merger of Equals - Allkem and Livent
Endnotes
1. Combined Allkem and Livent CY'27E Attributable Lithium Production Capacity: Figures shown on a net attributable basis. Combined metric reflects the sum of Allkem
and Livent and is shown on an LCE basis per annum. Reflects production capacity of all Livent and Allkem properties. Allkem CY'27E lithium production capacity based on
stated capacity for the following assets: Mt Cattlin, James Bay, Sal de Vida Stage 1 and 2, Cauchari, Olaroz Stage I and II (66.5%). Livent CY'27E lithium production
capacity based on stated capacity for the following assets: Hombre Muerto (including expansion 1A/1B and 2), Nemsaka (50%).
2.
Combined Allkem and Livent Financial Data: Combined CY'22A financials prepared on different accounting basis for Allkem and Livent. Combined metrics reflect the
simple summation of the reported financial metric for Allkem and Livent and are not adjusted to be on the same accounting basis and do not reflect any Article 11 pro forma
adjustments. Pro forma results could differ materially. Allkem metrics exclude divested Borax assets (divestiture was completed in December 2022). For combined adjusted
EBITDA, metric is the sum of Livent's adjusted EBITDA and Allkem's reported EBITDAIX. EBITDAIX is defined as segment earnings before interest, taxes, depreciation,
amortization, impairment, gains from financial instruments, foreign currency (losses)/gains, business combination acquisition costs, non-cash business combination
adjustments, and share of associate losses. Please see the Financial Data section from the Legal Disclaimer for further information.
3.
Forecast Attributable Lithium Production Capacity: Figures shown on a net attributable basis. Includes only lithium production capacity (no other metals) and is shown
on an LCE basis per annum. Figures based on publicly disclosed capacity estimates for assets. Please see sourcing detail on pages 24 and 25.
4.
Combined Allkem and Livent CY'20A Lithium Production Capacity: Figures shown on a net attributable basis. Combined metric reflects the sum of Allkem and Livent
and is shown on an LCE basis per annum. Allkem CY'20A lithium production capacity based on stated capacity for the following assets: Mt Cattlin, Olaroz Stage I (66.5%).
Livent CY'20A lithium production capacity based on stated capacity for the following assets: Hombre Muerto (excluding any expansions).
5. Combined Allkem and Livent CY'23E Lithium Production Capacity: Figures shown on a net attributable basis. Combined metric reflects the sum of Allkem and Livent
and is shown on an LCE basis per annum. Allkem CY'23E lithium production capacity based on stated capacity for the following assets: Mt Cattlin, Olaroz Stage I and II
(66.5%); Livent CY'23E lithium production capacity based on stated capacity for the following assets: Hombre Muerto (including expansion 1A/1B).
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