MP Materials (MP) Presents at BMO Rare Earth Supply Chain Conference

Market Overview - The world is rapidly electrifying, leading to projected global EV sales growth[10] - NdPr permanent magnets power > 90% of EV motors[15] - A global NdPr deficit is projected, reaching (20,000) metric tons by 2030[17, 19] Company Overview - MP Materials' mission is to restore the full rare earth supply chain to the United States[24] - MP Materials is the largest ex-China producer of REOs, with ~15% market share of global REO produced in 2021[26] - Stage II is expected to achieve a run-rate annual production of ~6,075 metric tons of NdPr and 20,000+ metric tons of TREO by the end of 2023[27] - The initial magnetics facility in Fort Worth, Texas, will have a designed capacity of ~1,000 metric tons of magnets[35] Financial Performance - Q1 2022 revenue reached $1663 million, a 177% year-over-year increase[45] - Q1 2022 Adjusted EBITDA was $1323 million, a 301% year-over-year increase[46] - Q1 2022 Adjusted EBITDA Margin was 80%, a 23 percentage point increase year-over-year[47] - Q1 2022 Adjusted Diluted EPS was $050, a 285% year-over-year increase[48]