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-Table_Invest:Table_PicQuote Table_Trend%1M 3M 12M-3%-7%-17%-1%-5%-9%Table_Market 130 24616 13730 14.09 2.28 31776 1882%50.80 Table_Report 2023Q1-20230609-20230507 Table_Author S0550520110002 021-20363251 Table_Title/-Table_Summary 1 SQM ALB Livent 1Q23-35%+9%+39%Olaroz+6%SQM Olaroz Livent SQM Livent ALB Olaroz 2 ALB Livent/ALB 35pct 20%-30%EBITDA-22%Livent EBITDA 3%1 2023-2025 2023 6.5 LCE 22Q3 9 LCE 2024/2025 2.5/3.0 LCE 2 ALB La Negra 2021 10 1Q22 2-3 Cauchari-Olaroz 3Q 2023 2023 2025 Allkem Sal de Vida 1.5 23H2 24H1 9-12 Q3 Q4-25%-20%-15%-10%-5%0%5%10%300 2/35 Table_PageTop/.6.6.8.9.10.10.12-.13.16.16.17.17.18.18.19.-.20.22.24.26-.29.-.-.WUDWyRqNpMoPtNtQnQoRqRaQbPbRsQmMoMmPeRqQpRfQmNwP6MoOyRwMqQrOMYsRmP 3/35 Table_PageTop/.-.-.-.-.-.-.-.-.4/35 Table_PageTop/-.-.-.-.5/35 Table_PageTop/1.SQM ALB Livent 1Q23 7.5 12.4 1.2-35%+9%+39%Olaroz 1.4+6%SQM AKE 25%7%Livent ALB SQM Q1 13%ALB Livent Olaroz Q1 1 ALB 2023 30%40%35pct 20%-30%Q1 EBITDA 2 Livent 2023 20%2.5 LCE EBITDA Albemarle 73.2 113129 98115 35%55%EBITDA 34.8 4251 3340-5%15%Livent 8.1 1011 10.2511.25 26%38%EBITDA 3.7 5.15.8 5.36.0 45%64%-2023-2025 6.5/2.5/3.0 LCE SQM Atacama 2024 24 2025 21 2023-2025 2115111328313275012391151390200400600800100012001400SQM ALB Livent Olaroz4Q22 1Q23-60%-40%-20%0%20%40%60%80%100%120%140%2Q22 3Q22 4Q22 1Q23SQM ALB Livent Olaroz 6/35 Table_PageTop/ALB 2022-2027 CAGR 20%30%2530%2025 SQM Atacama LCE 12 18 21 21 21 27 ALB Atacama LCE 4.5 8.5 8.5 8.5 8.5 Livent Hombre Muerto Fenix LCE 2 2 3 4 7 10 Allkem Olaroz LCE 1.7 1.7 4.2 4.2 4.2 4.2 Sal de Vida LCE-0 1.5 1.5 4.5 LCE 10.0 6.5 2.5 3.0 9.0 1.1.1.1.1.1Q23 22.6+12%/-28%10.7-8%/-35%47.4%-5.1pct 7.5-6%/-35%EPS 2.63-6%/-35%-SQM SQM 1-35%SQM Q1 16.5+14%/-35%3.23-15%/-25%5.09/+34%/-13%2 Q1 Q1 8.0 75%48.8%-2.6pct 20.226.029.631.322.68.08.611.011.57.5051015202530352022Q1 2022Q2 2022Q3 2022Q4 2023Q1 0%10%20%30%40%50%60%70%0246810121416182022Q1 2022Q2 2022Q3 2022Q4 2023Q1 7/35 Table_PageTop/SQM SQM 1Q23 2.21-20%/-19%+1%/-5%1Q23 2.40+58%/+13%+10%/+13%+39%/+3%1Q23 8690-24%/+8%-3%/+40%-21%/-23%1Q23 6590+144%/+94%+31%/+158%+86%/-25%0.01.02.03.04.05.06.07.00.01.02.03.04.05.01Q22 2Q22 3Q22 4Q22 1Q23/0%10%20%30%40%50%60%70%0.00.51.01.52.02.53.03.51Q22 2Q22 3Q22 4Q22 1Q23/8/35 Table_PageTop/2264 3134-28%2020 12%1066 1642-35%1165-8%750 1151-35%796-6%EPS 2.63 4.03-35%2.79-6%32.3 43.0-25%38.1-15%1646 2525-35%1446 14%/50960 58723-13%37953 34%S PN 168 199-16%211-20%221 274-19%275-20%/1315 1380-5%1303 1%3.4 3.1 10%3.0 13%240 213 13%152 58%/70588 68581 3%50667 39%138 99 40%142-3%87 81 8%114-24%/630 820-23%803-21%71 28 158%54 31%66 34 94%27 144%/930 1236-25%500 86%SQM 1.1.2.1 22Q4 2023 Atacama 18/2023 21/2024 3 Atacama 23 2Q23 2 2Q23 9/35 Table_PageTop/18/2023 21/3 Atacama 21/2Q23 SPN 2H23 2023 1000 2022 2Q23 4Q22 3%50 2022 48-SQM 1.1.3.1 Atacama 2022 18 2023 2024 21 SQM 2024 24 SQM 2 Mt Holland 2023Q4 5 2025 2024Q4 5-SQM 10/35 Table_PageTop/12 18 18 21 21 21 2.15 3 3 4 10 10 0 0 0 38 38-0 0 0 0 5 10 SQM 1.2.1.2.1.1Q23 25.8+129%/-2%12.4+389%/+9%EBITDA 16.0+269%/+28%98%Albemarle-Albemarle Albemarle 1Q23 19.44+253%/-6%11/35 Table_PageTop/+301%La Negra III/IV+18%13.18+404%/+17%EBITDA 14.0+356%/+18%-Albemarle Albemarle 1Q23 4.19+16%/+31%1.78+53%/+152%EBITDA 1.62+6%/+91%1Q23 2.18+0%/-8%+12%-12%100-65%EBITDA 1500-14%2Q23 2580 1128 129%2621-2%1277 449 184%1001 27%1239 253 389%1132 9%EBITDA()1596 432 269%1244 28%EPS 10.51 2.15 389%8.62 22%1944 550 253%2066-6%1318 262 404%1126 17%EBITDA()1406 309 356%1188 18%419 360 16%319 31%178 117 53%71 152%EBITDA()162 153 6%85 91%Ketjen 218 218 0%236-8%1 4-65%-15-EBITDA()15 17-14%-3-Albemarle 12/35 Table_PageTop/1.2.2.-2023 98-115(113-129)+35%-55%EBITDA 33-40(42-51)-5%-15%EPS 20.75 25.75(26-33)-5%-20%1)-2023 3040%Kemerton 2023 10%90%2023 2030%55%65%EBITDA 2023 EBITDA+20%-50%2)2023 EBITDA 5%-10%3)2023 EBITDA 140pct 250%-400%-2022 2023 73.2 113-129-12%35%-55%EBITDA 34.8 42-51-22%-5%-15%EPS 22.0 26-33-21%-5%-20%-20%-50%-35pct-Ketjen EBITDA-73%5%-10%5%-10%-EBITDA-27%135%-235%250%-400%+140pct-Albemarle 13/35 Table_PageTop/Albemarle 1.2.3.-1 La Negra III/IV Atacama 4 LCE 2023 2 Wodgina 1 25 2 25 2022 5 2022 7 3 25 3 Greenbushes Talison CGP2 60/CGP3 53/IGO 2025H1 4 Silver Peak 2025 1 LCE/5 Kings Moutain Kings Moutain Atacama 100%LCE 8.5 8.5 8.5 8.5 8.5 Silver-Peak 100%LCE 0.5 0.5 0.5 1.0 1.0 Greenbuhses 49%162 162 162 212 262 Wodgina 50%50 75 75 75 Kings Mountain 100%Albemarle MRL 14/35 Table_PageTop/-20 2030 50-60/Kemerton I 2.5 Kemerton II 2.5 2022 10 2.5 LCE/-1+5 2024 5-1+2.5 2022 10 2.5 LCE/2025 5 LCE/2 Kemerton III/IV+5 5 2025 3 Mega-Flex 10 4-Magnolia Kemerton V Mega-Flex Antofalla-Albemarle 15/35 Table_PageTop/-2021 2022 3-5 2030E La Negra I/II 100%4.5 4.5 4.5 4.5 La Negra III/IV 100%-4.0 4.0 4.0 Kings Mountain 100%0.5 0.5 1.0 1.0 Kemerton I/II 60%-5.0 5.0 5.0 Kemerton III/IV 100%-5.0 5.0&100%3.5 3.5 3.5 3.5/100%-2.5 5.0 5.0 100%-5.0 5.0 Mega-Flex 100%-10.0 10.0 7-17 8.5 20.0 43.0 50-60 Albemarle-ALB 2022-2027 CAGR 2030%2530%ALB 20 LCE+-Albemarle 16/35 Table_PageTop/1.3.1.3.1.1Q23 2.54+77%/+16%1.15+116%/+39%EBITDA 1.57+462%/+46%1Q23 Livent Livent-Albemarle 17/35 Table_PageTop/Livent Livent 1.3.2.-1 2023 20%2.5 LCE I 1 2023H2 23Q1 2 3 2023 10.2511.25+26%-38%2023 EBITDA 5.36.0+45%-64%2020 2021 2022 2023 288 420 813.2 10001100 10251125 YoY-26%46%93%23%-35%26%-38%EBITDA 22 69.5 366.7 510580 530600 YoY-26%212%428%39%-58%45%-64%Livent 1.3.3.2/1 I 2/1/2022 23H2 23Q1 2024 2023 2 II 3/2025 2025 5-7 7/3 III 3/2028/2029 2030 10/18/35 Table_PageTop/2.5 1 5000 3Q22 2023 1Q23 3 2 1.5 2024 2023 4.5 3 2025 1 5.5 Nemaska Nemaska 25 6%3.4 2023 3Q22 1Q23 2026 9-10.5 2 2 4 4 4 4 0 0 0 0 3 6-25-Livent 1.4.1.4.1.1 4102-4%+38%1pct 35%2 2904 39%-7%-8%1Q23 3 5.30/FOB+95%4 4924/+5%+29%5 91%4.78/+14%+104%2023Q1 2022Q4 2022Q1 FY2023Q3 FY2023Q2 FY2022Q3 4102 4253-4%2972 38%2904 3131-7%3157-8%/53175 53013 0%27236 95%/4924 4682 5%3811 29%/47814 42024 14%23425 104%159 151 5%141 13%-91%90%+1pct 86%+5pct Allkem 19/35 Table_PageTop/1Q23 5.3/4Q22 2Q23 4.2/-21%Allkem 1.4.2.1 Olaroz 2.5 LCE 9500 Nahara 2 2Q23 3 98.2%6 3 2 2025 4 Olaroz 12%4.25 1 4.5 LCE 1.5/3 2 24H1 23H2 2022 12 3 1.5/2023 3 80%10 8 93411249127236410334323753013 531754200001000020000300004000050000600003Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23E 20/35 Table_PageTop/Olaroz 1.4-1.7-Olaroz 2.5 2023Q2 2025 Sal de Vida 1.5 2022 1 2024H1 2025 Sal de Vida 3.0 Allkem 2.Cauchari-Olaroz 46.7%/LAC 44.8%/JEMSE 8.5%2458 592 4 LCE 2 LCE 76%Tres Quebradas 3Q 100%763 612 2 LCE 4-6 LCE-Mariana 100%812 321 2-Kachi Lake Reources 100%440 211 5 LCE SK 50%Centenario-Ratones Eramet 50.1%/49.9%989 346 2.4 7.5 LCE 49.9%2.1.-1 46.7%LAC Minera Exar 2016 SQM Minera Exar 50%2018 SQM 2021 51%2020 LAC JEMSE 8.5%2021 LAC 46.7%44.8%2 JEMSE 8.5%LAC 49%/51%LAC 76%21/35 Table_PageTop/LAC-LAC 1 Cauchari-Olaroz 2458 LCE 592mg 363 LCE 607mg/L 40 2 3579/LCE-mg/L LCE+592 373 1985 593 89 472 616 10 51 606 58 312 607 LAC 1 4 2023/6LAC JMESECauchari-Olaroz Minera Exar44.8%46.7%8.5%100%11.25%2016 SQM 2500 Minera Exar 50%2021 JMESE Minera Exar8.5%LAC 46.7%44.8%JMESE LAC 100%2018 SQM C-O 37.5%2019 Minera Exar 50%202120182019 20162020 8 26 LAC JEMSE 8 27 1600 51%2020 22/35 Table_PageTop/2023H2 2024Q1 2 2 1 Cauchari-Olaroz Allkem Olaroz Antofagasta 530 2 52 Paso Jama Antofagasta Jujuy Salta 3 50 LAC 2.2.Tres Quebradas 3Q Neo Lithium 100%2021 9.6 49.39 Neo Lithium 100%3Q 3Q Neo Lithium 23/35 Table_PageTop/Neo Lithium 1 3Q 763 LCE 400mg/L 612mg/l 191 800mg/L 923mg/l 2 3Q 800mg/l+1.66 0.49-+637 100.9 536.9 561 42.5 226.1+923 33 175 918 3 16 Neo Lithium 24/35 Table_PageTop/Neo Lithium 3Q 2 2022 3 2022 10 1 2022 11 2023 2 2023 4-6 2.3.25/35 Table_PageTop/Mariana LITIO MINERA TNR 2011 9.9%Mariana 2014 80%2021 10 1318 8.58%Litio Litio Mariana 100%International Lithium 1 Mariana 932 812 LCE+2 2/Salta 6 2022/5/30 2022 2022 3 2024 GL mg/L+4041 319 786.3 685.4 712 334 145.4 126.7 Mariana Tolar Grande 120 51 27 Salta Mariana 20 Mariana Mariana 1 3 100%100%100%100%26/35 Table_PageTop/International Lithium International Lithium 2.4.1 Lake Rsources Kachi 100%Kachi 7 17 Lake Resources Kachi 37 2 Lilac Kachi 25%2023 4 17 1000 2500 LCE Lilac Kachi 20%Kachi Lilac 5%Lake Resources 1 Kachi 27/35 Table_PageTop/801 LCE 2018 440 LCE 82%199.8mg/L 2018 211mg/L 2 Lilac DLE 1-2 3 mg/L LCE 210 19.8 41.6 211.1 174 7.7 13.5 71.6+199.9 27.5 55.1 292.6 199 48.9 97.4 518.3 Lake Resources Lake Resources 1 Lake Rsources 2022 1 Kachi DFS 2.55 LCE 5 LCE 2 Lilac 2023 4 17 1000 2500 LCE 2022Q3 DFS 2022Q4 2024 DFS 2023 28/35 Table_PageTop/Lake Resources Lake Resources 1 Hanwa 1.5-2.5 LCE 2 2.5 LCE 3 WMC 2.5 LCE LAKE10%4 SK on 2.5 LCE Lake 10%29/35 Table_PageTop/2022/3/29 MoU 10 10 Kachi 2.5/1.5 LAKE 2022/4/11 MoU Kachi 2.5/2022/10/6 CFA 10 5 Kachi 2.5/LAKE10%2022/10/12 CFA 5 5 Kachi 2.5/LCE Lake 10%Lake Resources 2.5.-1 Eramet Eramet Eramine Sudamerica Centenario Ratones Centenario Ratones 2 3.75 49.9%2021 3.75 49.9%Eramet 2500 50.1%2017 Weda Bay Eramet 1 110 1000 400mg/L 2.4 LCE 40 2+Eramet+DLE 90%40-50%)1 18 3500/2020 30/35 Table_PageTop/-mg/L LCE 408 0.92 199.1 379 1.44 291.2 311 3.01 498.7 Eramet Eramet 1 Eramet 2019 2020 4 2 2022Q2 2.4 LCE 2024Q1 Centenario-Ratones 2022Q2 2.4 LCE 2024Q1 2025 3 2022 5 Centenario-Ratones 17500 5900 5 7.5 LCE 2023 FID 7.5 LCE/31/35 Table_PageTop/Eramet 1 370 Livent-Fenix 500 3800 2-Eramet GoogleMaps Eramet 3.4 30 32/35 Table_PageTop/3 4 2 20%+3+35%4 3 Q3/Q4 9-12 Q3 Q4 0.2 1.5 LCE Marklines SMM 43 33 48 30 45 60 59 67 71 71 79 81 41 52 65 64 0102030405060708090 63 57 82 54 71 89 83 90 103 98 111 128 63 80 107 020406080100120140(1.50)(1.00)(0.50)0.000.501.001.502.002.500.001.002.003.004.005.006.007.002020-072020-082020-092020-102020-112020-122021-012021-022021-032021-042021-052021-062021-072021-082021-092021-102021-112021-122022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-05 LCE LCE LCE 33/35 Table_PageTop/Marklines 5/LCE 15-20/LCE 20 1 IRA 2 80%4.22.719.624.229.832.5051015202530354Q22 1Q23 2Q23 3Q23 4Q23Q1 Q2 Q3 Q4-1.5-1.0-0.50.00.51.01.52.02.53.03.54.0051015202530354Q22 1Q23 2Q23 3Q23 4Q23 34/35 Table_PageTop/2020“”“”6 15%A 300 500 6 5%15%6-5%5%6 5%15%6 15%6 6 6 35/35 Table_PageTop/Table_Sales 6666 130119 Table_Sales-6666 130119 28 D 100033 799 3 10 200127 1006 34D 518038 122 15 510630
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