Li-Cycle Investor Presentation Deck

Battery Materials Feedstock: Continues to Trend Favorably Total North America Battery Materials TAM (¹) '000 tonnes LIB equivalent/year 1,000 900 800 700 600 500 400 300 200 100 0 -200 2023 ~4x ~34 Manufacturing Scrap -2x ~420 ~211 2025 ~900 ~394 2030 Transportation OEMs including Recalls 1,200 1,000 800 600 400 200 0 Energy Storage Total Europe Battery Materials TAM(1) ~135 ~7x 2023 ~3x ~31 Consumer Electronics ~360 ~111 2025 ~980 (1) TAM refers to Total Addressable Market; BMI and Li-Cycle estimates as of June 2023; TAM estimates include a 30% scrap rate during ramp-up of a gigafactory followed by an average scrap rate of 10% thereafter and excludes gigafactories with lower probabilities; (2) Independent source and Li-Cycle estimates for both North America and Europe; recycling capacity includes post processing capacity which is currently not operational/under construction but for which funding has been raised (52K tonnes in 2025 and 206K tonnes in 2030) ~438 2030 Forecast Total Post-Processing Recycling Capacity (2) Li-Cycle 6

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