Nickel Industries Limited · ASX:NIC
Nickel Industries — FY2023 Earnings Presentation
13 slides from Nickel Industries's earnings presentation, Feb 29, 2024
Slide 1: 2023 Annual Results Presentation
For personal use only 2023 ANNUAL RESULTS PRESENTATION A top 10 nickel producer strongly positioned to capture growing battery grade nickel demand 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (‘NIC’). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. For pe
Slide 3: Full year 2023 highlights
Full year 2023 highlights For personal use only 2 ▪ Record Group EBITDA - US$403.3M ▪ Record Ni production – 131,126 tonnes ▪ Record Mine production – 13.4M wmt ▪ Record Gross profit - US$338.0M ▪ Record attributable Ni production – 103,364 tonnes ▪ Record Mine EBITDA – US$87.9M ▪ Record Operating p
Slide 4: Safety of our people - our highest priority
Safety of our people - our highest priority Hengjaya Mine ▪ Over 10.17 million work hours registered since last reported LTI in November 2021 For personal use only ▪ Equates to a LTI frequency rate (LTIFR) of 0.1 and a total recordable incident frequency rate (TRIFR) of 0.98 for each million work ho
Slide 5: Financial snapshot – record EBITDA from both RKEF and mining operations
Financial snapshot – record EBITDA from both RKEF and mining operations ▪ Record FY 2023 financial performance underpinned by: All figures in US$M FY 2023 FY 2022 – continuing consistency in production across established Hengjaya Nickel, Ranger Nickel and Angel Nickel RKEF lines For personal use onl
Slide 6: Maintenance of robust balance sheet with future growth fully funded
Maintenance of robust balance sheet with future growth fully funded ▪ Strong operating performances from both the RKEF operations and Hengjaya 31 December 31 December Mine has underpinned the maintenance of a robust balance sheet All figures in US$M 2023 2022 ▪ Additionally, to fund its continued tr
Slide 7: Profit and EBITDA reconciliations
Profit and EBITDA reconciliations FY 2023 FY 2023 All figures in US$M All figures in US$M Audited accounts Audited accounts For personal use only RKEF EBITDA 337.2 Profit before income tax 203.3 Hengjaya Mine EBITDA 87.9 + Depreciation and amortisation 111.6 HPAL EBITDA 5.2 + Interest (income) / exp
Slide 8: Strong EBITDA generated from operations in a challenging environment
Strong EBITDA generated from operations in a challenging environment Consistent production base and a demonstrated ability to operate profitability through the commodity cycle Group nickel production March Qtr June Qtr September Qtr December Qtr FY 2023 Nickel in NPI tonnes 22,338 27,454 28,561 Tota
Slide 9: Another record year of production at Hengjaya Mine
Another record year of production at Hengjaya Mine Production summary Mar’23 Jun’23 Sep’23 Dec’23 2023 ▪ Record annual production of 13,401,289 wmt Saprolite mined wmt 662,004 692,937 1,013,949 1,463,943 3,832,833 – saprolite production: 3,832,833 wmt – limonite production: 9,568,456 wmt Limonite mi
Slide 10: ESG – playing a leadership role in responsible and sustainable mining in Indonesia
ESG – playing a leadership role in responsible and sustainable mining in Indonesia Awards and Accolades 2nd Green PROPER rating ESG Initiatives Second-top quartile (69%) worldwide of For personal use only S&P ▪ PROPER is an official environmental rating from ▪ Trialling of EV Trucks across both IMIP
Slide 11: Excelsior Nickel Project (ENC) – the next generation of HPAL driving NIC's growth
Excelsior Nickel Project (ENC) – the next generation of HPAL driving NIC’s growth ▪ Collaboration agreement with Shanghai Decent to build a Positive Final Investment Decision taken in October 2023 “next generation” 72kt HPAL plant ▪ Project fully funded with NIC’s 55% share (US$1.265B) covered by: –
Slide 12: 2023 highlights
2023 highlights March quarter June quarter September quarter December quarter ▪ Execution of “Electric Vehicle Battery ▪ Completion of new 5-year,US$400M ▪ Completion of 10% equity interest in ▪ Execution of binding Operational Supply Chain Strategic Framework senior unsecured notes issuance at HNC
Slide 13: Thank you
For personal use only THANK YOU Justin Werner Cameron Peacock Managing Director Investor Relations and Business Development jwerner@nickelindustries.com cpeacock@nickelindustries.com 12