Company Presentation

And Strategy 5N21

Updated end July of 2017

This presentation may contain forward-looking information within the meaning of applicable securities laws. All information and

statements other than statements of historical facts contained in this presentation are forward-looking information. Such statements and

information may be identified by words such as “about”, “approximately”, “may”, “believes”, “expects”, “will”, “intends”, “should”,

“plans”, “predicts”, “potential”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof or other

comparable terminology. Forward-looking statements are based on the best estimates available to 5N Plus at this time and involve

known and unknown risks, uncertainties and other factors that may cause 5N Plus’ actual results, performance or achievements to be

materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A

description of the risks affecting 5N Plus’ business and activities appears under the heading “Risk and Uncertainties” of 5N Plus’ 2016

MD&A dated February 21, 2017 and notes 11 and 12 of the unaudited condensed interim consolidated financial statements for the

three-month periods ended March 31, 2017 and 2016 available on SEDAR at www.sedar.com. No assurance can be given that any

events anticipated by the forward-looking information in this presentation will transpire or occur, or if any of them do so, what benefits

that 5N Plus will derive therefrom. In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-

looking information contained in this presentation is made as of the date hereof and 5N Plus undertakes no obligation to publicly update

such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. The

reader is warned against placing undue reliance on these forward-looking statements.

Forward-looking statement

PHARMACEUTICAL

INDUSTRY, COSMETICS,

NUTRITION

TOUCH SCREENS,

MEDICAL IMAGING, 5G

ALLOYS, 3D PRINTING,

POWER GENERATION,

GLASS INDUSTRY

PAINTS & PIGMENTS,

ANTI-CORROSION,

INDUSTRIAL SALTS

SOLAR POWER,

THERMOELECTRIC

COOLING, WASTE HEAT

RECOVERY

DEFENCE, INTERNET OF

THINGS, SATELLITE SOLAR

ARRAYS, RADIATION

DETECTION & IMAGERY

Who are we and what industrieswe enable?

5N Plus is a leading

producer of specialty

metals, chemicals and

engineered materials. The

Company manufactures

critical precursors and key

enablers used in a number

of industries.

REFINING, RECYCLING

MissionStatementAs a leading global material technology

company, our mission, each and

everyday, is to earn and retain the

privilege to be essential to our customers,

preferred by our employees and trusted

among our shareholders in a quest to

enable innovation and technology

deployment based on natural resources

for the betterment of the human race.

CEO

ARJANG (AJ)

ROSHAN

EVELYNE

BUNDOCK

EVP ECO-FRIENDLY

MATERIALS

PAUL

TANCELL

CFO

RICHARD

PERRON

EVP ELECTRONIC

MATERIALS

NICHOLAS

AUDET

VP, PRIMARY SECONDARY

REFINING AND RECYCLING

CORPORATE R&D

PASCAL

COURSOL

VP HUMAN RESOURCES

GlobalFootprint

South Korea

Shangyu, China

Zhuhai, China

Vientiane, LaosKulim, Malaysia

Trumbull, USA

Lübeck, Germany

Eisenhüttenstadt, Germany

St-George, USA

HEAD OFFICEMontreal, Canada

Tilly, Belgium

Offices

Integrated sites

Quality Earnings’ Growth2016 –A transitional year

With support from the

Board of Directors,

Management launched

a strategic review and

by September of 2016

delivered a new plan

called 5N21 based on

the following premises:

Reduced Earnings

Volatility

Diversified Earnings

Aim of 5N21 Strategic Plan

18 – 30 months Post 30 months12 -18 months

Selectivity and focus will be

tenet of our approach

Extract more value from

global assets, capabilities

and core businesses.

Extract value from upstream

and largest component of

cost: metal.

Deliver quality growth from

existing growth initiatives and

from the future M&A.

1 2 3

Deliverables of 5N21

5N21Businessmodel

UPSTREAM:

Maximum Benefit:

High Metal Prices

Utilize technology to

extract critical metals

from complex

streams at attractive

terms…

DOWNSTREAM:

Maximum Benefit:

Low Metal Prices

Manufacturing and

sale of industrial

product and material

technology with high

degree of value-

added activity and

transformation.

New area of

development for

5N Plus

UPSTREAM

DOWNSTREAM

PROFIT POOL

PROFIT POOL

KEY TAKEAWAYS:

5N Plus is a leader in virtually all

segments served

5N Plus will harvest current asset

base, requiring less CAPEX in the

future

Customers of 5N Plus are among

industry leaders

MARKET

GROWTH

PROSPECT

CURRENT

CAPITAL

REQUIREMENTS

5N’S

POSITION

Pharma, Health and Nutrition High High Market Leader

Electronics and Electro-Optics Average Low Top 3

Industrial Chemicals Average Low Top 3

Coating and Pigments Average Low Top 3

Alternative Energy High Low Market Leader

Aerospace, Security and Defence High Low Top 3

Downstream opportunities

Adjusted EBITDA grows

to $21 - $27M*Earnings volatility reduce

by 50%v

ROCE improves to 12%

ROCE improves to 15%*

and Adjusted EBITDA

grows to $40-$60M†

* Assumption: Metal price as of July 2016 ᵛ Base of Comparison: 2014 † Assumption: Metal price as of July 2016 with no more than 30% decline

5N21Milestones

2017 2019 2021

Extract more value from

global assets, capabilities

and core businesses.

Extract value from upstream

and largest component of

cost: metal.

Deliver quality growth from

existing growth initiatives and

from the future M&A.

1 2 3

Progress Report of 5N21

0%

25%

50%

75%

100%

0%

25%

50%

75%

100%

0%

25%

50%

75%

100%

Progress Meter as of July 2017

5N21 Plan is significantly

reducing volatility of earnings

Simulation of % EBITDA change when

metal prices change by ±30% in 5N21

Progress Report

of 5N21

2014 2016 2017 2018 2019 2020 2021

* Assumption: Metal price as of July 2016

Metal price + 30% Current Trend + 30% Current Trend -30% Metal price - 30%

EBITDA

Amplitude of volatility as

of July 2017

100%

50%

0%

-50%

-100%

EBITDA

Amplitude of volatility in 2014