Igo Limited · ASX:IGO
Igo — H1 2024 Earnings Presentation
12 slides from Igo's earnings presentation, Feb 22, 2024
Slide 1: 1H24 Results Presentation
1H24 Results Presentation IGO Limited 22 February 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 2: Safety
Safety Recent incident a stark reminder of the need to prioritise and continue to improve safety Lag Safety Performance 10 25.0 • Strong, continued progress toward reduction of TRIFR 9 19.5 17.6 8 17.6 17.8 20.0 16.7 16.0 • Lead performance metrics also improving, particularly Visual 7 14.6 12.7 6 1
Slide 3: Key Priorities in 2024
Key Priorities in 2024 Clear focus on high impact drivers to deliver value Enhancing Safety Maximising value Supporting the Optimising our nickel Diligently managing from Greenbushes Kwinana Refinery business growth • Improving safety • Working with our • Collaborating closely • Stable safe producti
Slide 4: 1H24 Financial Summary
1H24 Financial Summary Kathleen Bozanic – Chief Financial Officer IGO Limited | 1H24 Results Page 4
Slide 5: 1H24 Financial Results Summary
1H24 Financial Results Summary Financial results impacted by weaker nickel and lithium prices Units 1H24 1H23 HoH Total Revenue A$M 438 542 ▼19% Underlying EBITDA2 A$M 515 845 ▼39% Net Profit After Tax A$M 288 612 ▼53% Underlying Net Profit After Tax A$M 454 614 ▼26% Net Cash from Operating Activiti
Slide 6: Net Profit After Tax
Net Profit After Tax Lower earnings as a result of lower prices and volumes A$M 700 600 136 500 77 400 120 53 174 27 19 614 9- 3- 300 26 31 - 8 454 200 288 100 - 1H23 NPAT Share of Nova EBITDA Forrestania Cosmos Corporate Share-based Mark-to-market D&A Net finance Tax 1H24 Impairment Other 1H24 Stat
Slide 7: Cash Flow
Cash Flow Balance sheet remains strong, with $267M cash and no debt A$M 1,400 54 37 51 1,200 15 40 13 578 1,000 34 454 164 208 800 41 600 360 400 775 636 200 276 - Opening Nova free Forrestania Cosmos Dividends Exploration, Corporate Net Net finance Net Purchase of Dividends Income tax Cash before R
Slide 8: Guidance Update
Guidance Update FY24 Lithium Business Guidance Original FY24 Guidance Updated FY24 Guidance Greenbushes Lithium Mine Spodumene Production (100%) kt 1,400 – 1,500 ▼ 1,300 – 1,4001 Cash Costs (Production)2 A$/t 280 – 330 ▲ 330 – 380 No Capex (Development, sustaining, improvement & deferred waste) A$M
Slide 9: Summary
Summary IGO Limited | 1H24 Results Page 9
Slide 10: Summary
Summary Prioritising key workstreams to deliver value for shareholders Key Focus Areas Improving safety performance and retaining our unique culture Driving value optimisation from Greenbushes Supporting our partner, Tianqi, to enhance Kwinana performance Optimising our nickel business, while safely
Slide 11: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) the necessary infrastructure. Where such a reference is made, • Lithium cash costs reported as COGS (cash costs of goods (ABN 46 092 786 304). It should not be considered as an offer it should be read sub
Slide 12: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology amazing things happen. are enabling the full potential of renewable energy to be realised, by allowing energy produced from the Where technology opens up new horizons and clean sun, wind and other