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Investor Presentaiton

Rochester Hub will Position Li-Cycle as the #1 U.S.-Based Secondary Recycling Supplier of Battery Grade Advanced Materials (1) 2021 First lithium-ion battery recycling post-processing facility to come online in North America IP-protected hydrometallurgical, non-pyro processing technology Leverages proven process and equipment, successful pilot and extensive partner validations Sustainable conversion of 35,000 tonnes black mass (equivalent to 18 GWh) (2) into nickel sulphate, cobalt sulphate and lithium carbonate advanced battery material Higher resource recovery, lower capital intensity, lower environmental footprint and greater employee safety Capital investment of approximately $485 million (3) ☐ ☐ ☐ 2022 Complete all permitting and major equipment procurement Advanced site construction underway Finalize general contractor ப ㅁㅁ 2023 Mechanical completion Commissioning Begin ramp-up to nameplate capacity Completed Definitive Feasibility Study Key environmental permitting work streams completed or advanced Firm price competitive quotes on 80% of equipment Awarded EPCM contract to Hatch, leading engineering consulting firm Mobilization to site Sources: Benchmark Mineral Intelligence ("BMI") and Li-Cycle estimates. Continued expansion of commercial contracting pipeline Once Li-Cycle's Hub achieves steady state operations, in comparison to data from Benchmark Mineral Intelligence as of calendar Q3 2021 for forecasted U.S. domestic production in 2024 from all production sources, including nickel sulphate, cobalt sulphate and lithium carbonate. Li-Cycle Hub expected annual production output of 42,000 - 48,000 tpa Nickel Sulphate, 6,500 - 7,500 tpa Cobalt Sulphate, and 7,500 - 8,500 tpa Lithium Carbonate. (1) (2) (3) +/- 15% estimate, per the Definitive Feasibility Study (DFS) completed in December 2021. 35,000 tonnes black mass is approximately equivalent to 90,000 tonnes LIB and approximately equivalent to 18 GWh based on the ratio of 1 GWh to 5,000 tonnes LIB. Li-Cycle 14
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