Li-Cycle Holdings Corp. (NYSE:LICY) Q3 2023 Earnings Call Transcript November 13, 2023 4:15 PM ET

Company Participants

Nahla Azmy - Head, Investor Relations

Ajay Kochhar - Co-Founder, President and Chief Executive Officer

Tim Johnston - Co-Founder and Executive Chairman

Debbie Simpson - Chief Financial Officer

Conference Call Participants

Brian Dobson - Chardan Capital Markets

Jeff Osborne - TD Cowen

Adam Jonas - Morgan Stanley

Matthew O’Keefe - Cantor Fitzgerald

Ben Kallo - Baird

Operator

Good day. My name is David, and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2023 Li-Cycle Holdings Earnings Call and Webcast. [Operator Instructions].

I will now turn the call over to Nahla Azmy, Head of Investor Relations. Please go ahead.

Nahla Azmy

Thank you. Good afternoon, and thank you, everyone, for joining us for Li-Cycle's business update and review of financial results ended September 30, 2023. We will start today with formal remarks from Ajay Kochhar, Cofounder, President, and Chief Executive Officer; Tim Johnston, Co-Founder and Executive Chair; and Debbie Simpson, Chief Financial Officer. We will then follow with a Q&A session. Ahead of this call, Li-Cycle issued a press release and a presentation, which can be found in the Investor Relations section of our website at investors.li-cycle.com.

On this call, management will be making statements based on current expectations, plans, estimates, and assumptions, which are subject to significant risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of life cycle. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect including because of factors discussed in today's press release, during this conference call, and then our past reports and filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada.

These documents can be found on our website at investors.li-cycle.com. We do not undertake any duty to update any forward-looking statements, whether written or oral, made during this call or from time to time to reflect new information, future events or otherwise, except as required. These forward-looking statements should not be relied upon as representing Li-Cycle assessments, as of any date subsequent to the date of this call.

With that, I'm pleased to turn the call to Ajay.

Ajay Kochhar

Thank you, Nahla, and good afternoon, everyone. Beginning with Slide 3. We announced in late October I'll be pausing construction at the Rochester Hub to conduct a comprehensive review of the project. Today, I'll discuss the rationale for that decision. Tim will provide an update on the Spoke & Hub network, and Debbie will review liquidity management and our financing strategy.