Li-Cycle Investor Presentation Deck

First Mover Advantage: Li-Cycle's Leading Spoke & Hub Network Will Provide Domestic Sustainable Battery-Grade End-Products Li-Cycle and North American Comps Processing Pre Technology Post Product Offering Feedstock Material Existing & In Development Sites Development Stage Li-Cycle Mechanical Hydrometallurgical Battery Materials Chemistry and Form Factor Agnostic 7 Spokes (Pre-processing) & 2 Hubs (Post-processing) Company A Commercially Operating Spokes Producing Black Mass(¹) / Battery Materials ! Commercial Hub Under Construction Pyrometallurgical Hydrometallurgical CAM and Copper Foil I Focus on Select Chemistries and Form Factors 2 Central Sites (Pre- processing and Post- processing) Producing Intermediate Product & Planned CAM and Copper Foils Company B Mechanical Hydrometallurgical CAM Focus on Select Chemistries and Form Factors 2 Pre-processing Sites & 1 Post-processing Site Producing Intermediate Product & Planned CAM Product Company C Mechanical Hydrometallurgical Battery Materials Focus on Select Chemistries and Form Factors 1 Pre-processing Site & 1 Central Site (Pre- and Post- processing) Pilot Plant L Source: Public filings, press releases, third-party industry reports; (1) Includes black mass and black mass equivalents (BM&E) which are products analogous to black mass and have a similar metal content Company D Mechanical Hydrometallurgical Black Mass Future - Battery Materials Focus on Select Chemistries and Form Factors 3 Pre-processing Sites & 1 Post-processing site Producing Black Mass & Planned Battery-Grade Products Li-Cycle 23

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