Igo Limited · ASX:IGO
Igo — Macquarie Australia Conference 2023
22 slides from Igo's conference presentation, May 3, 2023
Slide 1: ASX Release: Presentation to Macquarie Australia Conference
ASX RELEASE 3 May 2023 PRESENTATION TO MACQUARIE AUSTRALIA CONFERENCE IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the Macquarie Australia Conference which is being held in Sydney this week. IGO’s Acting Chief Executive Officer, Matt Dusci,
Slide 2: Macquarie Australia Conference
Macquarie Australia Conference IGO Limited 3 May 2023 IGO LIMITED
Slide 3: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) applications and approvals, construction, financing • Nickel cash costs are reported inclusive of royalties and after (ABN 46 092 786 304). It should not be considered as an offer arrangements and access
Slide 4: Our Strategy
Our Strategy Aligned to our purpose – Making a Difference To be a globally relevant supplier of products critical to the clean energy transition Diverse suite of products Made safely, ethically, sustainably and reliably Vertically Integrated Linking upstream and downstream into the supply chain Carb
Slide 5: Our Business
Our Business Key Recent Highlights Quality Asset Portfolio High quality, diverse portfolio of assets with direct connectivity to the battery supply chain Significant Growth Exceptional opportunity to increase production, optimise operations and increase margins Downstream Integration Advanced our do
Slide 6: Our Portfolio
Our Portfolio Diverse, Australian based clean energy metals portfolio with a pipeline of growth Greenbushes Lithium Operation (Li) Upstream Nova Operation (Ni-Cu-Co) Forrestania Operation (Ni) Kwinana Lithium Hydroxide Refinery (LiOH) Downstream Study on PCAM Refinery (Ni, Mg, Co) Cosmos Project (Ni
Slide 7: Financial Performance
Financial Performance Strong lithium business performance has underpinned FY23 performance to date Quarterly EBITDA1 and NPAT Quarterly share of TLEA NPAT Quarterly Dividend Received from (A$M) (A$M) TLEA (A$M) 600 500 400 533 450 450 NPAT EBITDA 350 334 500 321 436 400 398 412 345 300 350 400 338 3
Slide 8: Lithium Business
Lithium Business TLEA Joint Venture (IGO: 49% / Tianqi Lithium Corporation: 51%) IGO Limited | Macquarie Australia Conference 2023 Page 7
Slide 9: Lithium Joint Venture with Tianqi
Lithium Joint Venture with Tianqi Building a globally relevant, integrated lithium business Tianqi Lithium 49% Energy Australia (TLEA) 100% Global JV (ex China) 51% Kwinana Lithium Hydroxide Refinery 51% VvWindfield Holdings 49% 100% Greenbushes Lithium Operation IGO Limited | Macquarie Australia Co
Slide 10: Greenbushes Lithium Operation
Greenbushes Lithium Operation Consistent production performance and cost control Quarterly Production and Cost of Goods Sold FY23 YTD Financial Performance1 A$/t EBITDA: $A6.3B kt $292 EBITDA Margin: 89% 400 300 $263 380 $254 $253 $242 $235 250 360 $219 340 On track to deliver around the top end of
Slide 11: Greenbushes Lithium Operation
Greenbushes Lithium Operation Multiple strategic growth projects Expanding processing capacity to deliver Greenbushes Processing Capacity Expansions1 Processing Capacity higher production rates 2,500,000 520ktpa Chemical Grade Plant 4 (520ktpa) Improving efficiencies via new mining (Subject to FID)
Slide 12: Kwinana Refinery
Kwinana Refinery Ramp up of Train 1 progressing Lithium Hydroxide Production & Capacity (ktpa) (100%) Tonnes Improved QoQ production to 693 tonnes (~16% of capacity) 1,200 18% 16% 16% 1,000 14% 800 12% Next stage of customer qualification expected to be completed during the June 2023 quarter 10% 10%
Slide 13: Nickel Business
Nickel Business IGO Limited | Macquarie Australia Conference 2023 Page 12
Slide 14: Our Nickel Business
Our Nickel Business Building an integrated nickel business Nova Operation Forrestania Operation Cosmos Project Downstream Exploration Production Production In Development Feasibility study and partnering Ongoing process underway High-quality, low-cost Operating underground High quality development A
Slide 15: Nova
Nova Strong operational and financial performance Nova Quarterly Production & Costs Tonnes A$/lb 7,000 $6.00 Improved QoQ production and cost performance following 6,509 6,572 6,000 $5.30 fire impacted December quarter $5.00 5,547 5,000 $4.00 $3.79 4,000 4,229 $3.14 $3.00 FY23 YTD EBITDA Margin: 62%
Slide 16: Forrestania
Forrestania Focus on production and cost improvement Forrestania Quarterly Production and Costs Tonnes A$/t payable 3,500 $12.00 Underperformance driven by poor ground conditions $10.97 limiting mined tonnes, and trucking restricting sales $10.27 3,189 3,000 $10.00 2,860 2,950 2,811 2,500 $9.24 $8.7
Slide 17: Cosmos
Cosmos Project development remains on time and budget Key work programs progressing to plan, with recent completion of paste plant, aerodrome and solid progress on shaft and processing infrastructure FY23 Capex to date of $240M – below forecast with some work completed later than planned First produ
Slide 18: Integrated Battery Materials Facility
Integrated Battery Materials Facility Land allocation at Kwinana a first step toward an integrated cathode precursor facility Strong support from the Western Australian Government to expand WA’s battery chemical manufacturing capability Proposed plant will produce cathode precursor (PCAM) chemical f
Slide 19: Exploration
Exploration IGO Limited | Macquarie Australia Conference 2023 Page 18
Slide 20: Exploration
Exploration Seeking to unlock value through discovery Extensive portfolio of high-quality exploration projects Nova, Cosmos & Forrestania (Brownfield) Nickel Fraser Range Project Targeting magmatic and komatiitic nickel Kimberley Project sulphide deposits Broken Hill Project Irindina Project Copper
Slide 21: Summary
Summary Lithium business continues to drive outstanding financial results Record quarterly EBITDA and NPAT result for 3Q23 Strong balance sheet: $9M net debt Consistent delivery from Greenbushes and execution of growth projects Focused on maximising value of the nickel business Progressing our strat
Slide 22: 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