BMO Conference Presentation
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this earnings presentation are forward-looking
statements. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect,"
"expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential,"
"intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995,
including the negative of those words and phrases. These forward-looking statements, which are subject to risks, uncertainties and assumptions about
Livent, may include projections of Livent's future financial performance, Livent's anticipated growth strategies and anticipated trends in Livent's business,
including without limitation, our capital expansion plans and development of the Nemaska project. Such forward-looking statements are based on our
current views and assumptions regarding future events, future business conditions and the outlook for the Company based on currently available
information. There are important factors that could cause Livent's actual results, level of activity, performance or achievements to differ materially from
the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including a decline in the growth in
demand for electric vehicles using high performance lithium compounds; constraints for EV assemblies and lithium-ion battery manufacturing such as
restrictions on access to semiconductor chips and availability of other raw materials could indirectly impact lithium demand; increased supply chain
disruptions in the electric vehicle manufacturing industry; risks relating to Livent's capacity expansion efforts and current production; not having
established proven or probable mineral reserves, as defined by the Securities and Exchange Commission; difficulty integrating future acquisitions; the
success of Livent's research and development efforts; volatility in the price for performance lithium compounds or other battery materials, and the risk
that increasing prices become demand destructive in our key end markets (as the principal driver of our higher guidance range is higher expected
realized pricing); adverse global economic and weather conditions that may result in adverse impact on supply chains and customer demand, including a
global recession or regional recessions; competition; the potential development and adoption of battery technologies that do not rely on performance
lithium compounds as an input or that require a lesser amount of performance lithium compounds; quarterly and annual fluctuations of our operating
results; liquidity and access to credit; the conditional conversion feature of the 2025 Notes; the lack of sufficient cash flow from our business to pay our
debt; risks inherent in international operations and sales, including political, financial and operational risks specific to Argentina, China and other
countries where Livent has active operations; the effects of war, such as the conflict in Ukraine; physical risks to our operations and those of our
suppliers, including natural disasters, epidemics, pandemics and other catastrophic events; the COVID-19 pandemic and its consequences; reduced
customer demand, or delays in growth of customer demand, for higher performance lithium compounds; customer concentration and the delay or loss of,
or significant reduction in orders from, large customers; failure to satisfy customer and government quality standards; increases in the price of energy
and raw materials or broader global inflationary pressures; employee attraction and retention; union relations; cybersecurity breaches; our ability to
protect our intellectual property rights; risks related to our business partners not operating in accordance with their business plans and failing to fulfill
their obligations; risks related to whether the information in our feasibility studies is current; ESG risks, including events outside our control that could
prevent us from achieving our sustainability goals; legal and regulatory proceedings; including any shareholder lawsuits; compliance with environmental,
health and safety laws; changes in tax laws; risks related to ownership of our common stock, including price fluctuations and lack of dividends; as well as
the other factors described under the caption entitled "Risk Factors" in Livent's 2022 Form 10-K filed with the Securities and Exchange Commission on
February 24, 2023. Although Livent believes the expectations reflected in the forward-looking statements are reasonable, Livent cannot guarantee future
results, level of activity, performance or achievements. Moreover, neither Livent nor any other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements. Livent is under no duty to update any of these forward-looking statements after the date of this
news release to conform its prior statements to actual results or revised expectations.
Non-GAAP Financial Terms
In these slides, Livent uses the financial measure Adjusted EBITDA. This term is not calculated in accordance with generally accepted accounting
principles (GAAP). Definitions of this term, as well as a reconciliation to the most directly comparable financial measure calculated and presented in
accordance with GAAP, is provided on our website ir.livent.com.
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