Li-Cycle(LICY)
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Li-Cycle(LICY) - 2023 Q2 - Quarterly Report
2023-03-29 16:00
Exhibit 99.1 Li-Cycle Reports Operational and Financial Results for Two- Month Period Ended December 31, 2022 Progressed Construction of Rochester Hub; On-Track to Commence Commissioning in Late 2023 Announced New Spoke in France; Further Expanding Global Spoke Network Achieved Significant Milestone with $375 Million Loan Commitment from the U.S. Department of Energy Highlights TORONTO, ONTARIO (March 30, 2023) – Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the "Company"), an industry leader in lithi ...
Li-Cycle(LICY) - 2022 Q4 - Earnings Call Presentation
2023-01-30 16:52
Black Mass(1) production of >1,600 tonnes, >70% compared to FYQ3 and more than doubled vs. prior year Rochester Hub advanced with key engineering, procurement and construction milestones Spoke & Hub Network: Strategically Optimizing Network to Strengthen Competitive Position as a Preferred Global Partner Prioritizing to fastest growing electrification demand centers Directing capital prudently with commercial contracting Diverse Customer Sources LICY FY 2022A 20% 41% 25% 14% LICY FY 2021A 27% 54% 3% 16% 0 1 ...
Li-Cycle(LICY) - 2022 Q4 - Earnings Call Transcript
2023-01-30 16:50
Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2022 Earnings Conference Call January 30, 2023 8:30 AM ET Company Participants Tim Johnston - Executive Chairman Ajay Kochar - President, Chief Executive Officer Debbie Simpson - Chief Financial Officer Nahla Azmy - Head of Investor Relations Conference Call Participants PJ Juvekar - Citi Jeff Rossetti - Cowen Evan Silverberg - Morgan Stanley Brian Dobson - Chardan Capital Markets Operator Good day everyone. My name is Todd and I will be your conference Operator toda ...
Li-Cycle(LICY) - 2022 Q3 - Earnings Call Transcript
2022-09-14 19:03
Financial Data and Key Metrics Changes - The company ended the quarter with approximately $650 million cash on hand, including $250 million in investment proceeds from LG and Glencore, providing sufficient liquidity for the current project pipeline [10][25] - Revenue from product sales and recycling services was $5.4 million, up from $1.3 million in Q3 2021, while total revenues were negative $2 million compared to a profit of $1.7 million for the same period last year, primarily due to a non-cash fair market value adjustment of $7.3 million [18][20] - Adjusted EBITDA loss was approximately $31.6 million compared to $5.3 million the previous year, reflecting increased operating expenses for ongoing expansion [22] Business Line Data and Key Metrics Changes - Black mass production during the quarter was 961 tons, more than 80% higher than the same quarter last year and up more than 30% from the second quarter [13] - The company updated its full 2022 black mass production guidance from 6,500-7,500 tons to 3,500-3,800 tons due to delays in production targets [15] Market Data and Key Metrics Changes - The total addressable market for lithium-ion batteries available for recycling is projected to grow by more than 5x by 2025 in North America and Europe, driven by increased battery manufacturing investments [31] - Favorable trends from new public policy programs in the U.S. are expected to provide significant benefits to the EV battery recycling industry starting in 2023, including the Inflation Reduction Act [32][34] Company Strategy and Development Direction - The company is focused on executing and rolling out its integrated Spoke & Hub network, aiming to become the long-term preferred recycling partner for lithium-ion battery materials, particularly in North America and Europe [7][8] - The Rochester Hub is expected to be the first commercial battery resource recovery facility in North America, producing key materials like lithium carbonate, nickel sulfate, and cobalt sulfate [46][47] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the opportunities in the market, driven by strong secular trends and government policies supporting localized supply of critical battery materials [8][57] - The company is exploring additional debt funding opportunities to optimize its structure and meet significant consumer demand beyond the current pipeline [28] Other Important Information - The company completed optimization projects at its Arizona Spoke, which is expected to start operations by the end of Q4 2022 [12] - The company is committed to a balanced approach to operating spend and investing in partner infrastructure to support its expanding network [27] Q&A Session Summary Question: Hub commissioning guidance - Management clarified that commissioning will occur in three stages, with the introduction of black mass expected to follow completion checks and leak testing [61][62] Question: Timing for black mass introduction - Management refrained from providing specific timing but indicated that the introduction of black mass would likely occur in Q1 2024 or spring [68] Question: Fair market value adjustments - Management explained that fair market value adjustments are non-cash and will be less volatile once black mass is processed in hubs [75] Question: Capacity utilization rates - Management indicated that they expect similar utilization rates across new facilities in North America and Europe, with strong demand anticipated [90] Question: Optimization process improvements - Management noted that improvements in Arizona focused on materials handling, which should enhance overall recovery yields without negatively impacting costs [94]
Li-Cycle(LICY) - 2022 Q3 - Earnings Call Presentation
2022-09-14 17:01
Third Quarter 2022 Earnings Call Investor Presentation September 14, 2022 Li-Cycle® Disclaimer 2 FORWARD LOOKING STATEMENTS • Certain statements contained in this presentation may be considered "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generall ...
Li-Cycle(LICY) - 2022 Q2 - Earnings Call Transcript
2022-06-14 19:51
Li-Cycle Holdings Corp. (NYSE:LICY) Q2 2022 Earnings Conference Call June 14, 2022 8:30 AM ET Company Participants Nahla Azmy - IR Ajay Kochhar - Co-Founder, President & CEO Tim Johnston - Co-Founder, Executive Chairman Debbie Simpson - CFO Conference Call Participants Robin Fiedler - BMO Capital Markets Patrick Cunningham - Citi Brian Dobson - Chardan Capital Markets Ben Kallo - Baird Jeff Osborne - Cowen & Company Operator Good day. My name is Britney, and I will be your conference operator today. At this ...
Li-Cycle(LICY) - 2022 Q2 - Earnings Call Presentation
2022-06-14 12:00
Second Quarter 2022 Earnings Call Investor Presentation June 14, 2022 () Li-Cycle* Disclaimer 2 FORWARD LOOKING STATEMENTS • Certain statements contained in this presentation may be considered "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, Section 21 of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identi ...
Li-Cycle(LICY) - 2022 Q1 - Earnings Call Transcript
2022-03-17 18:43
Li-Cycle Holdings Corp (NYSE:LICY) Q1 2022 Results Conference Call March 17, 2022 8:30 AM ET Company Participants Nahla Azmy - Head of Investor Relations Ajay Kochhar - Co-founder, President & CEO Tim Johnston - Co-founder, Executive Chairman Debbie Simpson - CFO Conference Call Participants P.J. Juvekar - Citi Brian Dobson - Chardan Capital Markets George Gianarikas - Baird Robin Fiedler - BMO Dan Ives - Wedbush Evan Silverberg - Morgan Stanley Operator Good day. My name is Leo, and I will be your conferen ...
Li-Cycle(LICY) - 2021 Q4 - Earnings Call Presentation
2022-03-17 14:35
First Quarter 2022 Earnings Call Investor Presentation March 17, 2022 () Li-Cycle* Disclaimer 2 FORWARD LOOKING STATEMENTS • Certain statements contained in this presentation may be considered "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, Section 21 of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identi ...
Li-Cycle(LICY) - 2021 Q4 - Annual Report
2022-01-31 21:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...