MP Materials Results Presentation Deck
17
Reconciliation and Calculation: Production Cost KPI
(in thousands, unless otherwise stated, unaudited)
Cost of sales (excluding depreciation, depletion and amortization)
Adjusted for:
Stock-based compensation expense(¹)
Shipping and freight
Other
Production Costs(2)
Divided by:
REO Sales Volume (in MTs)
Production Cost per REO MT (in dollars) (²)
$
For the three months ended September 30,
2023
2022
22,417
22,217 $
(842)
(1,867)
(968)
18,540
9,177
2,020 $
1. Pertains only to the amount of stock-based compensation expense included in "Cost of sales" within our unaudited Condensed Consolidated Statements of Operations.
2. See "Use of Non-GAAP Financial Measures" for definition and further information.
(889)
(3,796)
(89)
17,643
10,676
1,653
$
$
For the three months
ended June 30,
2023
22,704
(795)
(1,995)
(11)
19,903
10,271
1,938
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