Financial Data and Key Metrics Changes - The company has adjusted its capital spending plans from over $1 billion to approximately $650 million for the year, focusing on specific projects in Canada and Argentina [2][3] - The stated synergies for the year are expected to be about twice what was originally announced, indicating improved operational efficiency [2] Business Line Data and Key Metrics Changes - The company is focusing on cost synergies in the short term, which include headcount reduction and more efficient procurement [3] - The long-term revenue synergy is anticipated to come from integrating legacy materials into the hydroxide network, which is expected to yield a premium for battery-grade products [4] Market Data and Key Metrics Changes - The market is currently characterized by a strong demand growth of 200,000 to 250,000 tons year-over-year, despite some unusual economic behaviors in China affecting supply dynamics [20][22] - The company has noted that the demand for IRA-qualified lithium hydroxide is significantly higher than for carbonate, indicating a shift in market focus [16] Company Strategy and Development Direction - The company aims for full integration of resources through the chemical process, which is seen as the model for the future [2] - There is a strategic focus on optimizing infrastructure and shared resources between Sal de Vida and Fenix operations in Argentina [8] Management's Comments on Operating Environment and Future Outlook - Management believes that the current market conditions do not indicate an oversupply situation, and they expect supply shortages in the coming years due to throttled back investments [31] - The company is confident in its ability to generate over $400 million of EBITDA even in the current price environment, with significant upside potential if prices increase [28][29] Other Important Information - The company is exploring the potential to upgrade existing facilities to improve product quality, although this process is complex and costly [6] - There is a focus on regionalizing supply chains to reduce dependency on single countries, particularly in light of geopolitical tensions [22] Q&A Session Summary Question: Potential for revenue or cost synergy? - Management indicated that short-term benefits are expected from cost synergies, while long-term benefits will come from revenue synergies as integration progresses [3] Question: Impact of product transfer on taxes? - The transfer of products to internal operations does affect tax structures, and management emphasized the importance of proper transfer pricing [5] Question: Assessment of upgrading Olaroz for battery-grade production? - Management acknowledged the challenges of retrofitting processes but is exploring options to improve the quality of lithium carbonate [6] Question: Integration of nearby assets? - The company is looking closely at shared infrastructure opportunities between Sal de Vida and Fenix to optimize operations [8] Question: Expansion plans for carbonate assets? - Management confirmed that expanding the carbonate asset at Fenix is a possibility, depending on cost trade-offs [10] Question: Outlook for new capacity and contracting? - The company expects most of the new capacity to be contracted, particularly for hydroxide, while technical grade carbonate may not have similar contracting opportunities [12] Question: Market conditions and pricing outlook? - Management does not predict market peaks or troughs but emphasizes the importance of understanding supply-demand balance for future pricing stability [18] Question: Inventory levels in the market? - Management noted that there is less inventory held at cathode producers, reflecting changes in supply chain dynamics [30] Question: Timeline for market capacity shortages? - Management anticipates that meaningful supply shortages could emerge in two to three years, given current expansion throttling [31]

Summary of Arcadium Lithium plc Conference Call Company Overview - **Company**: Arcadium Lithium plc (NYSE:ALTM) - **Formation**: Resulted from the merger of Livent and Allkem - **Assets**: Owns several Argentine carbon assets and spodumene hydroxide conversion assets globally [1][2] Merger Rationale - **Integration Strategy**: The merger aims to create a fully integrated lithium company controlling resources, downstream processing, and customer relationships, which is seen as essential for long-term success [2][3] - **Growth Acceleration**: The merger is expected to accelerate growth as an integrated business, leveraging complementary expertise and a stronger balance sheet [3][4] Market Conditions and Production Adjustments - **Current Pricing Environment**: Lithium prices are lower than a year ago, prompting a slowdown in expansion plans, including projects in Quebec and Argentina [5][6] - **Project Development**: The company is reassessing development timelines based on market demand and pricing, with a focus on minimizing capital costs [8][11] - **Mt. Cattlin Mine**: Production has been slowed due to its nearing end-of-life, with a focus on minimizing sales at low prices [12][13] Argentine Operations - **Integration Opportunities**: The company is exploring ways to optimize production between its two Argentine assets, Olaroz and Fenix, to enhance efficiency and product quality [15][16] - **Market Flexibility**: Customers are seeking flexibility in sourcing lithium products, which the company aims to provide through optimized production strategies [18][19] - **Investment Environment**: The investment climate in Argentina remains volatile, with new government policies potentially favoring investment, but execution remains uncertain [23] Quebec Operations - **Project Updates**: Development at Nemaska and Whabouchi mines has been slowed to align with the Becancour conversion plant, which is seen as a strategic move [24][25] - **Infrastructure and Costs**: Quebec offers good resources and infrastructure but presents challenges such as higher labor and construction costs [26][27] Market Dynamics - **Contractual Commitments**: The company has been able to maintain contract floors better than peers due to strategic pricing and customer relationships [35][36] - **Supply Chain Concerns**: There is a focus on securing long-term supply chains amidst market volatility, with a recognition of the complexities involved in lithium production [41][42] Future Outlook - **M&A Activity**: The company anticipates more M&A in the sector as companies seek to diversify resources and geographies, although current market conditions make this challenging [52][54] - **Board Meeting Objectives**: The upcoming board meeting will focus on long-term strategies to enhance shareholder value and navigate different market environments [56][59] Key Takeaways - **Strategic Focus**: The company is committed to a long-term strategy that balances resource development with market conditions and shareholder value [57][59] - **Market Complexity**: The lithium market is currently characterized by opacity and volatility, necessitating careful navigation by industry players [44][51]

Financial Data and Key Metrics Changes - For the full year 2023, Arcadium Lithium had combined revenue of approximately $2 billion and a consolidated cash balance of $892 million, with cash net of roughly $297 million as of December 31, 2023 [16] - Livent reported fourth quarter revenue of $182 million, adjusted EBITDA of $91 million, and adjusted earnings of $0.34 per diluted share, with full year 2023 revenue of $883 million and adjusted EBITDA of $503 million, marking significant improvements versus the prior year [18][19] - Allkem's fourth quarter revenue was $96 million, with full year 2023 revenue of $511 million, reflecting a strong performance despite market challenges [20][21] Business Line Data and Key Metrics Changes - Livent's volume sold remained roughly flat with lower average realized prices across all lithium products, while Allkem's Olaroz facility achieved total revenue of $96 million in the fourth quarter with 6,000 metric tons sold [18][20] - For the full year 2023, Allkem sold 17,879 metric tons of carbonate at an average realized price of $27,788 per metric ton, while spodumene revenue was $571 million with nearly 205,000 dry metric tons sold [21][24] Market Data and Key Metrics Changes - The lithium market experienced a sharp decline in prices starting in late Q3 2023, influenced by inventory build in the energy storage supply chain and reduced production rates from battery cell producers [30][28] - Despite the price decline, global EV sales increased by 33% in 2023, indicating strong underlying demand [31] Company Strategy and Development Direction - Arcadium Lithium aims to grow its volume significantly, expecting a 40% increase in lithium carbonate and hydroxide volumes in 2024 compared to 2023 [10] - The company plans to realize $60 million to $80 million in total synergies and cost savings in 2024, driven by integration efforts and cost reductions [11][62] - The merger between Livent and Allkem is seen as a strategic move to create a more diversified and vertically integrated company, enhancing flexibility to meet customer needs [9][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current lower price environment and its impact on growth capital spending, indicating a cautious approach to capital allocation [13][71] - There is optimism about the industry's direction in 2024, with expectations for continued strong demand for lithium chemicals despite current market challenges [35][41] Other Important Information - The company expects to provide pro forma financials for 2023 in the second quarter of 2024 and will release combined results starting with Q1 2024 [17] - The integration process is ongoing, with a focus on optimizing capital spending and operational flexibility across projects in Argentina and Canada [73][78] Q&A Session Summary Question: Discussion on Mt. Cattlin's production optimization - Management explained that Mt. Cattlin is benefiting from historical investments and is currently producing at a low marginal cost, but decisions on future production levels will depend on market developments [83] Question: Contracting philosophy for carbonate volumes - Management expressed confidence in the floors of contracts and indicated a shift towards more flexible contracting structures, particularly for hydroxide [85][86] Question: Insights on Canadian spodumene operations - Management discussed the potential for optimizing the development of the Whabouchi and James Bay mines, focusing on efficient feed into hydroxide production [88] Question: Visibility on order book and pricing - Management provided insights on the visibility of multi-year agreements for hydroxide and the complexities surrounding pricing for lithium carbonate, emphasizing strong demand [94] Question: Realized pricing concerns - Management acknowledged that realized pricing for spodumene and carbonate in Q4 was lower than expected due to timing of shipments and market conditions [99]

Exhibit 99.1 News Release – February 22, 2024 Arcadium Lithium Releases Fourth Quarter and Full Year 2023 Results and Provides 2024 Full Year Outlook PHILADELPHIA and PERTH, Australia, Feb. 22, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today reported results for the fourth quarter and full year of 2023 for Livent Corporation ("Livent") and provided select results for Allkem Limited ("Allkem"). The 2023 Form 10-K to be released by Arcadium Lithium will only include ...

Q3 2023 Earnings Presentation 10.31.23 Safe HarborStatement 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," "p ...

Allkem Limited (OROCF) June 2023 Quarter Results Briefing July 26, 2023 8:00 PM ET Company Participants Martin de Solay - Managing Director and CEO Christian Barbier - Chief Sales and Marketing Officer Christian Cortes - Acting CFO James Connolly - Chief Project Development Officer Liam Franklyn - Head of Mt Cattlin Operations Conference Call Participants Rahul Anand - Morgan Stanley Tom Hays - CLSA Max Vickerson - Morgans Kate McCutcheon - Citi Mitch Ryan - Jefferies Al Harvey - JPMorgan Hugo Nicolai - Gol ...

Financial Data and Key Metrics Changes - Livent reported third quarter revenue of $211 million, adjusted EBITDA of $120 million, and adjusted earnings of $0.44 per diluted share, with revenue down 9% year-over-year but adjusted EBITDA up 8% [10][11][18] - Adjusted EBITDA margin remained roughly flat compared to the prior quarter and was nine percentage points higher than a year ago [7][11] - Total capital spending year-to-date was $239 million, below adjusted cash from operations of $274 million, with expectations for increased spending in the fourth quarter [14][15] Business Line Data and Key Metrics Changes - Volume sold was roughly flat, with any meaningful expansion volumes expected only in the fourth quarter [10][12] - Average realized prices in the third quarter were lower than the first half of the year, reflecting continued price declines in the market, particularly in China [12][13] - Adjusted EBITDA margins remained unchanged compared to the second quarter of this year, driven by lower royalties and input costs [13][18] Market Data and Key Metrics Changes - Customer buying activity for lithium in Q3 was weaker than end market demand indicators would imply, despite NEV battery installations in China being up 24% year-over-year [20][21] - Global EV sales grew 25% in September and are up 37% year-to-date, but lithium demand did not align with these growth figures [21][22] - The lithium supply side saw production expansion delays globally, with higher-cost materials coming online, leading to reduced production from some operators [22][23] Company Strategy and Development Direction - Livent is focused on multiple capacity expansion projects, including the Nemaska Lithium project in Quebec, which is crucial for North American supply chains [8][34] - The company is nearing the completion of its merger with Allkem, expected to close around the end of 2023, which will enhance its global scale and growth profile [50][54] - Livent aims to produce and sell significantly higher volumes in 2024, potentially 50% more than in 2023, supported by ongoing expansions [44][46] Management's Comments on Operating Environment and Future Outlook - Management noted that current market conditions do not reflect equilibrium supply-demand conditions for lithium, with long-term demand remaining strong [27][72] - The company expects to see a rapid increase in lithium prices when buying restarts, as supply chain inventory levels decline [25][27] - Management remains confident in the ability to fund capacity expansions internally, supported by strong cash generation and a solid balance sheet [15][49] Other Important Information - Livent's total capital expenditures for 2023 are projected to be between $325 million and $375 million, with a revised revenue guidance of $890 million to $940 million [18][16] - The company released a feasibility study for the Whabouchi mine, projecting a total capital requirement of approximately $1.6 billion for the Namaska Lithium Project [35][34] Q&A Session Summary Question: What destruction of supply has been witnessed as lithium market prices continue to descend? - Management noted supply interruptions from non-integrated producers shutting down operations and a 40% reduction in lipid light production in China [56][57] Question: If current production expectations hold in Argentina, how much would production capability grow in 2024? - Management indicated that production capability could nearly double by the end of the year, with a 35% to 45% increase expected [60][61] Question: Can you provide visibility into the overbuild in China? - Management characterized battery cell producers in China as tiered, with tier two producers particularly keen to pull back production due to financial pressures [63][64] Question: Is there any slowdown in demand in North America? - Management acknowledged that while there are bumps in the road, the long-term trend remains unchanged, with supply continuing to be the constraint on demand [72][71] Question: Can you elaborate on the guidance revision? - The revision was primarily driven by a reduction of approximately 3,500 metric tons in expected volume sold, impacting revenue and EBITDA [74][75] Question: Is repayments from customers still a potential source of attractive funds for Nemaska? - Management confirmed that conversations with OEMs regarding support for Nemaska are ongoing, and they expect to fund their share of capital requirements internally [79][81] Question: Do you see opportunities to improve Allkem's Olaroz lithium extraction facility? - Management expressed confidence in the potential for collaboration to optimize expansion plans and improve operations at Allkem's facilities [83][85] Question: How much higher will the capital program be in 2024? - Management indicated that capital investment for next year will be slightly lower than the current year, but cash flow is expected to grow [91][92]

Livent Corporation BMO Conference Presentation February 27, 2023 Safe HarborStatement 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," " ...

FY23 Half-Year Financial Results For the period ending 31 December 2022 24 February 2023 ▲ Allkem 2 Disclaimer This investor ASX/TSX release (Release) has been prepared by Allkem Limited (ACN 112 589 910) (the Company or Allkem). It contains general information about the Company as at the date of this Release. The information in this Release should not be considered to be comprehensive or to comprise all of the material which a shareholder or potential investor in the Company may require in order to determi ...

Financial Data and Key Metrics Changes - Livent reported second quarter revenue of $236 million, adjusted EBITDA of $135 million, and adjusted earnings of $0.51 per diluted share, all significantly up from the second quarter of 2022 but lower than the record set in the first quarter of 2023 [12][13] - The company reiterated its full year 2023 financial guidance, projecting adjusted EBITDA between $530 million and $600 million, indicating a substantial improvement compared to 2022 [7][19] Business Line Data and Key Metrics Changes - Volumes sold were roughly flat compared to the first quarter, but average realized prices were slightly lower, and overall costs were higher, primarily due to increased royalty payments and higher input costs [13][15] - Livent's total capital spend year-to-date was $156 million, with expectations to increase in the second half of the year as multiple expansions progress [16] Market Data and Key Metrics Changes - The lithium market has seen a decline in prices from historic highs, with a floor likely set above $30 per kilo in China, expected to remain stable through the rest of the year and into 2024 [27][29] - Approximately 70% of Livent's 2023 volumes have fixed prices set prior to the fourth quarter of the previous year, providing confidence in a 40% average expected price increase across these volumes [25] Company Strategy and Development Direction - Livent is advancing its integrated 34,000 metric ton lithium hydroxide project at Nemaska Lithium, with first sales expected in 2025 [8][36] - The company announced a proposed merger with Allkem to create a leading global lithium chemicals producer, enhancing scale and vertical integration [10][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving meaningful average realized price improvements in 2023 compared to 2022, despite anticipated higher costs [20][26] - The company expects the second half of 2023 financial performance to be broadly similar to the first half, with total volumes expected to be higher due to initial phases of expansion coming online [21][22] Other Important Information - A fire at Livent's manufacturing facility in Bessemer City, North Carolina, was contained with no injuries reported, and operations resumed within two days [30][31] - Livent published its annual Sustainability Report for 2022, highlighting its commitment to responsible production and environmental stewardship [49] Q&A Session Summary Question: Update on Salar del Hombre volumes in guidance - Management indicated that the expected contribution is closer to 3,000 tons rather than 4,000 tons for the year due to complexities in starting operations [52][53] Question: Clarification on financing for Nemaska - Financing will come from customer cash advances, government funding, third-party debt financing, and equity contributions from Livent and Investissement Québec [55][56] Question: Projections for 2024 EBITDA - The $1 billion EBITDA projection for 2024 is based on realistic estimates of production and pricing, not an idealized scenario [98][100] Question: Fixed price contracts for lithium hydroxide - About 70% of lithium hydroxide for 2023 is contracted at fixed prices, with discussions ongoing for 2024 pricing [91] Question: Capital expenditure plans beyond this year - Capital spending is expected to trend upwards in Argentina due to ongoing expansions, with overall spending likely to be slightly higher than in 2022 and 2023 [92][93]