Investor Presentaiton

Executing on Integrated North America Spoke & Hub Model Current North American Mega-factory Capacity Projected to grow from 45 GWh (2021) to >500 GWh by 2025(1) 6 EV Penetration Rate (2) BEV & PHEV Market Share Low High 5 GWh Planned for N. America Location TBC 47 42 GWh 5.5 GWh 4700 Gilbert, AZ 12 GWh (1) (2) (3) Company sourced announcements and Li-Cycle estimates. EV Penetration by State from EVAdoption.com 40 GWh Battery cell manufacturing Location TBC 55 GWh Planned for N. America Location TBC (4) 145 GWh 47 Kingston, ON ✪ 15 GWh Rochester, NY✡ Warren, OH *** 1 GWh 47 7.5 GWh Tuscaloosa, AL✪✪ Battery cell manufacturing Location TBC TBC For manufacturing scrap demand estimate, assumes a conversion rate of 5,000 tpa LIB equivalent to 1 GWh and a scrap rate of 10%; assuming a range of 5% - 10% recycling scrap would yield 125,000 - 250,000 tpa LIB of material. Scrap estimate based on Li-Cycle estimates, based on company-sourced announcements. (4) Includes LG indication of additional planned capacity by 2025 - per theguru.co.kr. 47 3.5 GWh 1435 GU 035 GWh 129 GWh 21 GWh Manufacturing Scrap Demand Far in Excess of Li-Cycle's Base Case NA Capacity 2025 NA GWh Estimate 2025 NA Scrap Estimate LICY 2025 Initial Spoke Capacity Addressable Delta in Scrap Demand Alone Announced or Existing Battery Mega-factory ✡Spoke (5,000 tpa LIB) **Spoke (10,000 tpa LIB) ✿✿✿ Spoke (15,000 tpa LIB) Hub (35,000 tpa black mass) >500 GWh >250,000(1,3) tpa LIB 45,000 tpa LIB ~205,000 tpa LIB Li-Cycle

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