Nordic Iron Ore Ab · OMXSTO:NIO
Nordic Iron Ore Ab — Investor Presentation (August 2023)
25 slides from Nordic Iron Ore Ab's investor presentation, August 2023
Slide 1: Nordic Iron Ore AB (publ) Company Presentation
͟ Picture: Rendered schematic of Ludvika mines surface infrastructure NORDIC IRON ORE AB (PUBL) COMPANY PRESENTATION ͟ AUGUST 2023
Slide 2: Disclaimer & Definitions
DISCLAIMER & DEFINITIONS Disclaimer: This presentation has been compiled based on information from Nordic Iron Ore AB (publ) (”NIO" or "the Company") and on public information with the purpose to describe the Company's operations, the market in which the Company operates, the Company's financial dev
Slide 3: Contents
CONTENTS Introduction 4 Market Overview 8 Company Overview 13 Corporate Governance, Shareholders & Financials 21 3
Slide 4: Nordic Iron Ore in Short
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials NORDIC IRON ORE IN SHORT ͟ Iron ore mining operations with an offtake agreement and funding commitment signed with Cargill • NIO is a mining company aiming to resume production of iron ore in its full
Slide 5: Key Company Highlights
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials KEY COMPANY HIGHLIGHTS ͟ Brownfield project with offtake agreement, secured logistics and high-grade iron ore concentrates - short lead-time to production Strong global demand on Highly attractive Off
Slide 6: Cargill – Long-Term Partnership
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials CARGILL – LONG-TERM PARTNERSHIP Cargill is a major global industry ͟ leading supplier of commodities and several other business Milestone Offtake Agreement signed in July 2023 operations, with 155K em
Slide 7: Ludvika Mines - Blötberget, Väsman and Håksberg
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials LUDVIKA MINES - BLÖTBERGET, VÄSMAN AND HÅKSBERG ͟ Former mining area with substantial potential – ready to resume mining operations High grade iron ore concentrates Ludvika mines overview • Ludvika mi
Slide 8: Market Outlook
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials MARKET OUTLOOK ͟ Macro factors ͟ Global iron ore market • Growth in the global iron ore market has in recent years primarily been • The global iron ore production is forecasted to grow at a 5.6 percen
Slide 9: Market Drivers for High Grade Iron Ore
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials MARKET DRIVERS FOR HIGH GRADE IRON ORE ͟ The journey to carbon-neutral steelmaking • The EU has established a plan to decarbonize the steel industry by setting a goal to reduce carbon emissions to a c
Slide 10: Green Mining
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials GREEN MINING ͟ NIO is 100% committed to green mining ͟ Clear ambition to align performance with EU Taxonomy High grade Climate change concentrates Higher iron ore content leads to less Circular econom
Slide 11: Electrified Fleet Comparison with Traditional Diesel Fleet
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials ELECTRIFIED FLEET COMPARISON WITH TRADITIONAL DIESEL FLEET ͟ An electrified fleet demonstrates significantly reduced emissions when compared to a traditional diesel fleet Electrified Fleet – Diesel Fl
Slide 12: Rare Premium Iron Product Reduces Environmental Emissions
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials RARE PREMIUM IRON PRODUCT REDUCES ENVIRONMENTAL EMISSIONS ͟ NIO’s high grade iron ore concentrate enables more environmentally friendly production Seaborne iron ore product by grade (Fe%)(1) Benefits
Slide 13: Blötberget Overview
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BLÖTBERGET OVERVIEW ͟ Blötberget – NIO’s first mine to operate with assured cash flow from Cargill partnership Rendered schematic of Blötberget surface infrastructure NIO products / Cargill offtake •
Slide 14: Blötberget Business Case – Golder and Whittle
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials Technical reports and studies are published on the Company's website: (https://nordicironore.se/ludvika- BLÖTBERGET BUSINESS CASE – GOLDER AND WHITTLE gruvor/tekniska-rapporter/) ͟ Financial evaluatio
Slide 15: Blötberget Business Case – Cargill Offtake Agreement
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BLÖTBERGET BUSINESS CASE – CARGILL OFFTAKE AGREEMENT ͟ Financial evaluation summary – Company estimates1) ͟ Sensitivity analysis at different long-term sales prices KPI EBITDA and average price for Lo
Slide 16: Iron Ore Price - Part of Risk Management Initiatives
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials IRON ORE PRICE - PART OF RISK MANAGEMENT INITIATIVES Historical development of the iron ore price Price volatility of iron ore • In the 1950’s, iron ore prices experienced a significant increase. Howe
Slide 17: Blötberget - Time Line 2023-2027
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BLÖTBERGET - TIME LINE 2023-2027 ͟ Iron ore production set to start in 2026 Pre-construction Construction of mining facility Iron ore production phase 2023 2024 2025 2026 2027 Preparations and Pro
Slide 18: Blötberget – First Phase, Strong Expansion Potential in Väsman and Håksberg
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BLÖTBERGET – FIRST PHASE, STRONG EXPANSION POTENTIAL IN VÄSMAN AND HÅKSBERG Phase 1 Future expansion phases Blötberget mine Väsman mine Håksberg mine • Mineable reserve: 34 Mt according to • NIO perfo
Slide 19: Beyond Iron Ore Concentrates
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BEYOND IRON ORE CONCENTRATES ͟ Initial focus on iron ore concentrates to fulfill offtake agreement and secure cash flow - then explore new products • Future growth opportunities through new product de
Slide 20: Partners
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials PARTNERS ͟ NIO has good partners and several LOI’s regarding cooperation to develop the mine The intended long-term offtake agreement with Cargill for high grade iron ore concentrate from Oxelösund
Slide 21: Executive Management & Intended Organisation
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials EXECUTIVE MANAGEMENT & INTENDED ORGANISATION Intended organisation CEO Director CFO Marketing & (incl CIO, Business CPO) Development Ronne Hamerslag Paul Marsden Lennart Eliasson Hans Thorshag CEO sin
Slide 22: Board of Directors – New Cargill Director to Be Appointed
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials BOARD OF DIRECTORS – NEW CARGILL DIRECTOR TO BE APPOINTED Bengt Nilsson Tomas Olofsson Jonas Bengtsson Gösta Bergman Tobias Hansson Chairman of the board Board member Board member Board member Board M
Slide 23: Shareholders & the Share
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials SHAREHOLDERS & THE SHARE ͟ Top 10 largest shareholders(1) % of capital Key Data(2) Shareholder Comment & votes Bengtssons Tidnings AB Jonas Bengtsson, board member 21.0 Sector Basic Materials Ludvika
Slide 24: Key Historical Financials
Introduction > Market Overview > Company Overview > Corporate Governance, Shareholders & Financials KEY HISTORICAL FINANCIALS ͟ 2019 2020 2021 2022 EBIT (SEKm) -9.5 -8.3 -8.2 -9.4 Net result (SEKm) -11.2 -9.0 -8.8 -10.5 Outstanding shares (#) 29,969,470 33,582,993 37,135,055 37,135,055 FTEs 4 3 3 3
Slide 25: Nordic Iron Ore
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