Li-Cycle SPAC Presentation Deck

Detailed P&L ($US) Revenue Product Sales Recycling Services Total Revenue Cost Of Goods Sold Gross Profit Expenses Professional Fees Personnel Research & Development Office and Administrative Marketing and Business Development Plant Operations Travel & Entertainment Depreciation Share-based Compensation Total Expenses Operating Loss Other Income Interest Expense Interest Income Foreign Exchange Gain Total Other Income Net Loss Loss per Common Share - Basic and Diluted 2020A(¹) $653,242 250,426 $903,668 665,779 $237,889 $3,117,441 2,977,909 812,353 517,040 384,401 891,336 168,712 511,695 323,615 $9,704,502 ($9,466,613) $333,501 (36,532) (316,497) ($19,528) ($9,447,085) ($5.04) Note: Based on financial statements prepared using IFRS. Converted to USD from CAD, based on average exchange rates for 2020 and 2019, respectively. Exchange rate sourced from FactSet. (1) Based on preliminary FY20 P&L figures and subject to final audit approval. 2019A $49,338 $49,338 5,926 $43,412 $560,019 622,689 2,163,315 427,276 67,450 141,318 186,942 99,638 $4,268,647 ($4,225,236) 24,137 $24,137 ($4,201,098) ($2.43) Li-Cycle 39

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