Li-Cycle Investor Presentation Deck

Manufacturing Scrap Streams and Li-Cycle's Spoke Processes Battery Manufacturing Process Manufacturing Scrap Outputs Li-Cycle Spoke Processes Electrode Manufacturing (Cathode and Anode) ● No Electrolyte Electrode powders (cathode and anode) Electrode foils (aluminum and copper) Coated electrode foils (electrode, binder, foil) • Powder processing • Baling Battery Cell Assembly Electrode stacks or 'jelly rolls' • Cell pouches, cans, other cell assembly components • Main line processing Dry shredding ● I Battery Cell Finishing Unformed battery cells (with electrolyte) Formed battery cells (with electrolyte, typically with charge) Main line processing Electrolyte-containing Battery Module Production (as applicable) • Module assemblies Main line processing Battery Pack Production • Pack assemblies Main line processing Li-Cycle 27

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