Li-Cycle SPAC Presentation Deck
Disclaimer
FORWARD LOOKING STATEMENTS
This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics,
projections of market opportunity and market share, expectations and timing related to commercial product launches, potential benefits of the transaction and the potential success of Li-Cycle's strategy, and
expectations related to the terms and timing of the transaction. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of Li-Cycle's and
Peridot's management and are not predictions of actual performance. Actual events and circumstances are difficult or impossible to predict and will differ from the underlying assumptions. Many actual events and
circumstances are beyond the control of Li-Cycle and Peridot. These forward-looking statements are subject to a number of risks and uncertainties, whether currently known or not yet known, including but not
limited Li-Cycle's and Peridot's inability to complete the proposed business combination; matters discovered by the parties as they complete their respective due diligence investigation of the other; the number
and percentage of Peridot's public shareholders voting against the proposed business combination and/or seeking redemption; the ability of Peridot to satisfy the listing criteria of the New York Stock Exchange;
changes adversely affecting the business in which Li-Cycle is engaged; management of growth; general economic conditions; geopolitical events, natural disasters, acts of God and pandemics, including, but not
limited to, the economic and operational disruptions and other effects of COVID-19; commodity price risk; environmental/permitting risk; Li-Cycle's business strategy and plans and the result of future financing
efforts. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking
statements reflect Peridot's and Li-Cycle's expectations, plans or forecasts of future events and views as of the date of this presentation. Peridot and Li-Cycle anticipate that subsequent events and developments
will cause Peridot's and Li-Cycle's assessments to change. However, while Peridot and Li-Cycle may elect to update these forward-looking statements in the future, each of Peridot and Li-Cycle specifically
disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Peridot's and Li-Cycle's assessments as of any date subsequent to the date of this presentation.
Accordingly, you should not place undue reliance on the forward-looking statements.
USE OF PROJECTIONS
This presentation contains projected financial information with respect to Li-Cycle. Such projected financial information constitutes forward-looking information, is included for illustrative purposes only and
should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety
of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking financial information. Actual results
may differ materially from the results contemplated by the projected financial information contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a
representation by any person that the results reflected in such projections will be achieved.
The independent auditors of Peridot and of Li-Cycle did not audit, review, compile or perform any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly,
neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation.
FINANCIAL INFORMATION; NON-IFRS FINANCIAL MEASURES
The financial information and data contained in this presentation has not been audited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or
may be presented differently in, any proxy statement, registration statement or prospectus to be filed by Peridot with the SEC. Some of the financial information and data contained in this presentation, such as
projected EBITDA and EBITDA margin, have not been prepared in accordance with IFRS. Li-Cycle defines EBITDA as net income (loss) before interest, taxes, and depreciation, and EBITDA margin as EBITDA divided by
total revenues. Peridot and Li-Cycle believe these non-IFRS measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Li-
Cycle's financial condition and results of operations. These non-IFRS measures may not be indicative of Li-Cycle's historical operating results nor are such measures meant to be predicative of future results. These
measures and ratios may not be comparable to those used by other companies under the same or similar names. As such, undue reliance should not be placed on these non-IFRS financial measures.
Li-Cycle
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