Novonix Limited Q1 FY2025 earnings call

• Appointed Michael Kronley as Chief Executive Officer, effective 19 May in Chattanooga. - Signed purchase and sale agreement for 182-acre land parcel in Chattanooga for second mass production site. - Wrapped up equity raise in January, including $5 million investment from Phillips 66 and over $20 million share purchase plan. - Continues to receive funding from DOE MESC grant tied to equipment installation at Riverside facility. - Had successful annual general meeting in Brisbane, released 2024 Sustainability Report. - Participated in U.S. graphite producers' trade case for China anti-dumping, with preliminary win in Q1. - Entered license agreement with Harper International for graphitization furnace technology.

NOVONIX has three operating segments. The anode materials business is located in Chattanooga, Tennessee, poised to be a large-scale production site for high-performance synthetic graphite. The cathode materials business and Battery Technology Solutions Group are in Halifax, Nova Scotia, Canada. The cathode materials business focuses on commercializing the all-dry, zero-waste cathode process, and the Battery Technology Solutions Group works on ultra-high precision equipment and R&D services with pilot lines. Specific absolute financial details or revenue contribution percentages weren't provided in the transcript.

• Path to commercial production at Riverside targets 2025 and 2026, focusing on 3K tons per annum production milestone and product qualification. - Focus on short term of Riverside and first phase of Enterprise South. - Targets production startup at Riverside facility in Chattanooga in 2026 and investing towards full capacity of the site to 20,000 tons per annum.

• Impact from broader macroeconomic environment, specifically tariffs affecting price availability and timing of input materials like steel and critical equipment for facility build-out.

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