Investor Presentaiton
Prioritizing Capital Allocation to Support Growth Strategy
Objectives
Invest to Grow
Profitably
• Strategically grow lithium
and bromine capacity to
leverage low-cost
resources
• Maintain capital
discipline and
operational excellence
e
Portfolio
Management
• Actively assess portfolio;
reinvest proceeds
Bolt-on acquisitions to
accelerate growth at
attractive returns
Build and maintain our
top-tier resource base
Maintain Financial
Flexibility
Committed to
Investment Grade rating
• Strong balance sheet
offers optionality to fund
growth
•
Dividends & Share
Repurchases
Continue to support our
dividend
• Limited cash flow
available for repurchase
as we invest in growth
2022 Focus
$1.3B $1.5B 2022E
CAPEX
$200M Qinzhou
acquisition expected to
close H2 2022
•
Catalysts strategic
review complete
• Long-term Net Debt to
Adj. EBITDA target of
2.0x - 2.5x
$92M dividends paid in
H1 2022
Ability to Adapt
to Changing
Economic
Conditions
Slow non-critical / non-
growth capital
expenditures
• Accelerate partnering /
tolling arrangements
•
Position company to
take advantage of low-
price acquisition targets
in a downturn
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11
MAKING THE WORLD SAFE AND SUSTAINABLE
•
Enable continuation of
growth
•
.
Slow hiring, T&E, and
other discretionary costs
Shift production volumes
to support highest
demand markets
Continue to support our
dividend
No repurchases
expected
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