Q2 2023 Results August 3, 2023 This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," or similar expressions that predict or indicate future events or t ...

财务数据和关键指标变化 - 公司在第二季度创下了Stage 1生产的季度纪录,尽管计划进行了一周的维护停产 [13] - 销量同比增长3%,达到10,271吨 [18] - 实现价格同比下降55%,主要受到NdPr价格下跌的影响 [19] - 生产成本同比上升11%,部分原因是为Stage 2投产增加了人员 [20] 各条业务线数据和关键指标变化 - Stage 1生产创下季度纪录,主要得益于产品品位和进料率的小幅改善 [17] - Stage 2分离生产已经正式启动,公司已经开始生产分离的NdPr氧化物并计划本季度开始向客户发货 [11][12] - Stage 3下游磁性业务也在持续推进,正在安装金属和合金制造设备 [14][15] 各个市场数据和关键指标变化 - 电动车和电动出行市场需求强劲,预计未来几年将保持20%-30%的增长 [41] - 工业应用、风电、硬盘驱动器、PC和智能手机扬声器等传统应用市场在2023年一直疲软 [41][42] - 中国与缅甸之间的边境重新开放导致了一定程度的供给过剩,但这种影响应该是暂时的 [43][44] 公司战略和发展方向及行业竞争 - 公司正在推进Stage 2分离生产,并计划在未来开始生产重稀土产品 [36][37] - 公司在Fort Worth建立的磁性材料生产基地将成为西方世界稀土磁性材料的中心 [14][15] - 公司认为,在机器人和人工智能应用中,稀土永磁电机将是不可或缺的关键组件,这将带来巨大的市场机会 [49][50][51] 管理层对经营环境和未来前景的评论 - 管理层认为,近期稀土价格的疲软主要是由于中国与缅甸之间边境重新开放导致的供给过剩,这种影响应该是暂时的 [41][43][44] - 管理层对电动车和电动出行市场的长期增长前景保持乐观,但对传统工业应用市场的短期表现持谨慎态度 [41][42] - 管理层认为,人工智能和机器人应用将为稀土永磁电机带来巨大的市场机会 [46][47][48][49][50][51][52][53][54][55] 问答环节重要的提问和回答 问题1 **Matt Summerville 提问** 关于缅甸供给对市场的影响 [58][59] **Jim Litinsky 回答** 公司认为缅甸供给的影响应该是暂时的,因为边境管控已经收紧 [59] 问题2 **Carlos De Alba 提问** 关于Stage 2分离生产的产品收率情况 [65][66] **Michael Rosenthal 回答** 初期产品收率不会达到理想水平,但公司有信心通过持续优化最终达到目标水平 [66][67] 问题3 **Lawson Winder 提问** 关于2024年NdPr产量目标 [96][97][98][99] **Ryan Corbett 和 Jim Litinsky 回答** 公司目前尚未给出2024年具体产量目标,会根据市场情况和客户需求来确定 [97][98][99][100][101]

公司概况 - MP Materials Corp. 是西半球最大的稀土材料生产商，总部位于内华达州拉斯维加斯[11] - MP Materials 拥有并经营 Mountain Pass 稀土矿山和加工设施，是北美唯一规模化的稀土矿山和加工场地[11] 产品销售 - MP Materials 目前主要生产稀土精矿，主要根据采购协议销售给公司的关联方盛和，盛和通常将产品销售给中国的精炼商[11] - 公司产品主要销售在亚洲市场，尤其是中国市场[12] - 公司的主要客户Shenghe占据了超过90%的产品销售份额[14] 生产计划 - MP Materials 计划在完成 Stage II 项目的调试后，开始生产和销售分离的稀土产品，包括钕镨氧化物，以全球客户为目标[11] - MP Materials 正在德克萨斯州沃思堡建造首个稀土金属、合金和磁铁制造设施，预计将生产钕铁硼永磁体等产品[11] 供应协议 - MP Materials 与美国通用汽车公司签订了长期供应协议，为 GM 的 Ultium 平台的电动汽车提供美国生产的稀土材料、合金和成品磁铁[11] 财务状况 - 公司的现金、现金等价物和短期投资总额为1,128,293千美元[17] - 公司的存货总额为75,193千美元[18] - 公司的固定资产净值为1,044,839千美元[19] - 公司长期债务中包括到2026年到期的可转换债券690,000美元，净额为680,210美元[22] - 公司购买设备的融资协议包括4至5年期限和年利率在0.0%至6.5%之间的设备票据[25] - 公司租赁了办公空间、仓库、车辆和设备，截至2023年6月30日，公司的租赁负债总额为7,359万美元[26]

With that, I'll turn it back to Jim. Jim? So, we were not surprised when Tesla at their Investor Day highlighted their concern over rare earth supply and environmental challenges around mass market adoption of electric vehicles. It should not shock anyone that they aspire to produce a vehicle without a rare earth magnet motor. Ryan Corbett As you can imagine, with the Japanese magnet industry and the growth that they expect, they are seeking the ability to purchase both metal and oxide. So, with the ability ...

2 This presentation references certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Production Costs, and Free Cash Flow, which have not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). We define Adjusted EBITDA as our GAAP net income before interest expense, net; income tax expense or benefit; and depreciation, depletion and amortization; further adjusted to eliminate the im ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39277 MP MATERIALS CORP. (Exact name of registrant as specified in its charter) Delaware 84-4465489 (Stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-39277 MP MATERIALS CORP. (Exact name of registrant as specified in its charter) Delaware 84-4465489 (I.R.S. Emp ...

Jim Litinsky Thank you. Happy to it. David Deckelbaum First, I just wanted to start off on the Sumitomo agreement. Obviously, a landmark agreement, trying to understand, I know it's early, but if you could give any sort of guidance around the potential volumes that could be sold here? Should we think about this as sort of consuming all of the available on NdPr oxide that you would have for sale not consumed in the Stage 3 operations for now. And then, would there be an inherent premium that you would expect ...

Stage III Magnetics Facility Restoring the Full U.S. Rare Earth Supply Chain 1 1 1154 1 2017 - | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|----------------------|-------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AMENA | | | | | | | | | | | | THE FEM LEAR FAVAL I | MPMATERIALS | Mill Pad t 2, Cash 1 Concentrate Packaging MP MATERIALS the sta ...

1 MP MATERIALS Third Quarter 2022 Results November 3, 2022 Safe Harbor This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," or similar expressions tha ...