Li-Cycle SPAC Presentation Deck

Market Leading Growth and Margin Profile... CY 2021E-2024E Revenue CAGR 293% Li-Cycle EBITDA Margin (1) (2) (3) 48% 30 Li-Cycle 2024E 105% Electrification Facilitators 15% Electrification Facilitators 2024E Source: Company filings, Equity research reports and FactSet. Market data as of January 27, 2021. Nio margin shown on a 2023E basis due to availability of projections. LG Chem revenue CAGR calculated on a 2020E - 2022E basis. 128% Disruptive Battery EVs 16% (1) Disruptive Battery EVs 2024E 18% Battery Manufacturers 14% (2) Battery Manufacturers 2022E Casella, GFL Environmental, SteriCycle and Waste Connections revenue CAGR calculated on a 2021E-2023E basis. GEM Co revenue CAGR calculated on a 2020E - 2022E basis. Ganfeng revenue CAGR calculated on a 2020E - 2022E basis. 7% (3) Waste Management & Recycling Providers 23% Waste Management & Recycling Providers 2022E 17% (4) Lithium Producers 29% Lithium Producers 2022E Li-Cycle 32

View entire presentation