Page 1

Livent News Release Livent Corporation 2929 Walnut Street Philadelphia , PA 19104 USA 215.299.5900 livent.com Media contact : Juan Carlos Cruz +1.215.299.6170 juan.carlos.cruz@livent.com Investor contact : Daniel Rosen +1.215.299.6208 daniel.rosen@livent.com LIVENT RELEASES FIRST QUARTER 2021 RESULTS -- Higher Volumes and Lower Costs Drove Sequential Improvement - -- -- - Resumes Capacity Expansion in Argentina and the U.S. -- -- - Expects 2021 Performance at Higher End of Guidance Ranges - -- PHILADELPHIA , May 3 , 2021 – Livent Corporation ( NYSE : LTHM ) today reported results for the first quarter of 2021 . Revenue was $ 91.7 million , up 12 % from the fourth quarter of 2020 , with a reported GAAP net loss of $ 0.8 million , or a loss of 1 cent per diluted share . Adjusted EBITDA was $ 11.1 million , 98 % higher than the fourth quarter of 2020 , and adjusted earnings per share was 2 cents per diluted share . First quarter results improved sequentially versus the fourth quarter driven by higher volumes sold and lower costs . Key Developments Backed by the execution of recent long - term supply agreements , an improving market outlook and local government and community support , Livent has resumed its capacity expansion plans in the United States and Argentina . Livent will proceed with the completion of its 5,000 metric ton hydroxide addition in Bessemer City , as well as its phase 1 carbonate expansion of 10,000 metric tons in Argentina . The projects were paused in March 2020 shortly after the onset of the COVID - 19 pandemic , and are now expected to reach commercial production by Q3 2022 and Q1 2023 , respectively . Livent will also commence its phase 2 carbonate expansion in Argentina for an additional 10,000 metric tons , with expected commercial production to begin by year - end 2023 .