Novonix : Rho Motion Presentation

Set for Growth

May 2023

Rho Motion Seminar Series, NYC

ASX: NVX Nasdaq: NVX

May 2023

Important Notice and Disclaimers

The information contained in this presentation (the "Presentation") has been prepared by NOVONIX Limited (ACN 157 690 830) ("the Company" or "NOVONIX") solely for information purposes and the Company is solely responsible for the contents of this Presentation. It is intended to be a summary of certain information relating to the Company as at the date of the Presentation and does not purport to be a complete description of NOVONIX or contain all the information necessary to make an investment decision. Accordingly, this Presentation is not intended to, and should not, form the basis for any investment, divestment or other financial decision with respect to the Company. Any reproduction or distribution of the Presentation, in whole or in part, or the disclosure of its contents, without prior consent of the Company, is prohibited.

Not an Offer

This Presentation does not constitute, nor does it form part of an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities of the Company. This Presentation may not be used in connection with any offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making the offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. Any offering of securities will be made only by means of a registration statement (including a prospectus) filed with the U.S. Securities and Exchange Commission (the "SEC"), after such registration statement becomes effective, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act of 1933, as amended. No such registration statement has become effective, as of the date of this Presentation.

Forward-Looking Statements

This Presentation contains forward-looking statements about the Company and the industry in which it operates. Forward looking statements can generally be identified by use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," or "would," or other similar expressions. The Company has based such statements on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, regulatory developments in the United States, Australia and other jurisdictions, the continuation of the Company's partnership with the Research Group of Dr. Mark Obrovac at Dalhousie University for the development of the Company's technology, the Company's ability to scale-up production of its anode or cathode materials and the Company's ability to attract and retain key management and technology personnel. Forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. Accordingly, recipients of this Presentation should not place undue reliance on forward looking statements. The Company disclaims any obligation to update any forward-looking statements made in this Presentation to reflect events or circumstances after its date or to reflect new information or the occurrence of unanticipated events, except as required by law.

Industry and Market Data

This Presentation contains estimates and information concerning our industry and our business, including estimated market size and projected growth rates of the markets for our products. Unless otherwise expressly stated, we obtained this industry, business, market, and other information from reports, research surveys, studies and similar data prepared by third parties, industry, and general publications, government data and similar sources. This Presentation also includes certain information and data that is derived from internal research. While we believe that our internal research is reliable, such research has not been verified by any third party.

Estimates and information concerning our industry and our business involve a number of assumptions and limitations. Although we are responsible for all of the disclosure contained in this Presentation and we believe the third-party market position, market opportunity and market size data included in this Presentation are reliable, we have not independently verified the accuracy or completeness of this third-party data. Information that is based on projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate is necessarily subject to a high degree of uncertainty and risk due to a variety of factors, which could cause results to differ materially from those expressed in these publications and reports.

Trademarks, Service Marks and Trade Names

Throughout this Presentation, there are references to various trademarks, service marks and trade names that are used in the Company's business. "NOVONIX," the NOVONIX logo and other trademarks or service marks of NOVONIX appearing in this Presentation are the property of NOVONIX or its subsidiaries. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation are listed without the ® or ™ symbol, as applicable, but such references should not be construed as any indicator that their respective owners will not assert, to the fullest extent under applicable law, their right thereto. All other trademarks, trade names and service marks appearing in this Presentation are the property of their respective owners.

ASX: NVX Nasdaq: NVX	2
Rho Motion,May2023May 2023

Our Leadership and Board of Directors

Leadership Team

Dr. Chris Burns	Nick A. Liveris	Rashda Buttar	Danny Deas	Darcy Macdougald	Christopher York	Suzanne Yeates
Chief Executive Officer	Chief Financial Officer	Chief Legal and	President | NAM	President | BTS	Senior Vice President	Financial Controller and
		Administrative Officer			Business Development	Co Secretary

Scientific & Technical Advisors

Dr. Jeff Dahn	Dr. Mark Obrovac
Chief Scientific Advisor	Sponsored Researcher

Board of Directors

Admiral Robert J. Natter	Tony Bellas	Daniel Akerson	Ron Edmonds	Zhanna Golodryga	Andrew N. Liveris AO	Jean Oelwang
Chairman &	Deputy Chairman &
Non-Executive Director	Non-Executive Director	Non-Executive Director	Non-Executive Director	Non-Executive Director
Non-Executive Director	Non-Executive Director

Key leadership and technical experience:

ASX: NVX Nasdaq: NVX	3
Rho Motion,May2023May 2023

Providing Revolutionary Solutions to the Battery Industry

Investment Highlights

Leading U.S.-based battery materials and technology company with lower carbon footprint

Large and growing market for battery materials supported by localization efforts

Anode material facility build out advancing and strengthening our strategic moat

Battery Technology Solutions provides competitive advantage to accelerate innovation

Customer and government financing support paving a path to profitability as a sector leader

Riverside Facility in Tennessee

ASX: NVX Nasdaq: NVX	4
Rho Motion,May2023May 2023

A Battery Materials and Technology Development Leader

• Leading domestic supplier of battery-grade synthetic graphite
• Large scale and sustainable production to advance North American battery supply chain
• Strategically positioned to accelerate clean energy transition through proprietary technology, advanced R&D and partnerships

• Develops industry leading lithium- ion battery testing equipment while providing R&D services
• Competitive intelligence from unparalleled visibility across the entire industry drive value-add opportunities
• In-housetesting technology accelerates rapid advancements compared to industry standard

• Leverages proprietary all-dry cathode synthesis technology to provide clean-energy solutions to the battery industry
• Dry process technology minimizes environmental impact while producing high performance materials
• Pilot will demonstrate large-scale production of up to 10 tonnes per annum

Synergistic operating structure provides competitive advantage and unlocks value-add opportunities

ASX: NVX Nasdaq: NVX	5
Rho Motion,May2023May 2023