Li-Cycle SPAC Presentation Deck

What is the Comp Universe For Li-Cycle? Disruptive Battery EVs Similar growth profiles Positioned to benefit from increase in EV demand Different end markets ▾ Different business models Considerations Illustrative Companies Electrification Facilitators ▲ Benefit from the continued growing electrification trend ▲ Do not rely on the winning EV OEM ▾ Different end markets Specialized niches eos -chargepoint. ROMEO POWER TECHNOLOGY ⒸHYLIION TESLA I - CANOO- NIO LORDSTOWN. Battery Manufacturers A Similar end users / customers ▲ Aligned with projected increase in battery market demand ▲ Use of similar input materials Difference in margins ▼ Medium to low growth companies LG Chem Panasonic CATL BYD Waste Management & Recycling Providers A Similar business model of reducing / recycling waste materials A Positioned to benefit from sustainability initiatives Large target markets Different end markets ▼ Established late stage companies Stericycle GFL environmental WASTE CONNECTIONS, INC. casella umicore GEM** 资源有限循环无限 Recycling for future! Lithium Producers Similar end products Proliferation of EV market to drive battery recycling market ESG friendly ▾ Different inputs, Li-Cycle uses recycled materials Higher production cost structure ALBEMARLE 赣锋锂业 GanfengLithium Livent SQM Solutions for human progress Li-Cycle 31

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