Merger of Equals - Allkem and Livent
Significant Value Creation Potential Through Synergies
Annual Cost Synergies¹
SG&A²
Streamlining corporate costs
Asset Optimization
Operational synergies in Argentina (within ~10km) and
Québec (within ~100km)
Flexibility to utilize feedstock from expanded asset portfolio to
supply processing facilities
Logistics & Procurement
Purchasing across key consumables
Shared infrastructure and reduced transportation costs
Capital Expenditure Savings
Capital Expenditures
Complementary engineering work
Consolidation of shared infrastructure costs
Streamlined construction and procurement
Expected Run-Rate (CY'27E)³
~$125MM
Synergy amount expected to
scale with cost base growth
over time
Expected One-Time Savings
~$200MM
✓ Further expected upside from commercial synergies
✓ Majority of run-rate synergies and capex savings expected to be realized within 3 years
✓ Additional synergies expected beyond 2027
Notes:
1. Does not include estimated one-time costs to achieve of $40MM
2. Net of $5MM per annum in estimated additional corporate hiring needs
3. Synergies on a pre-tax basis
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