Nickel Asia Corp. · PSE:NIKL
Nickel Asia — H1 2024 Earnings Presentation
14 slides from Nickel Asia's earnings presentation, Aug 8, 2024
Slide 1: Nickel Asia Corp. 1H-24 Earnings
Slide 2: Disclaimer
DISCLAIMER This presentation and the information contained herein as well as the materials distributed herewith ("Presentation") are the sole and exclusive property of Nickel Asia Corporation ("NAC") and shall only be used for the purpose intended herein. This Presentation is not intended to provide
Slide 3: Revenues from ore sales declined by 16 percent to P7.79 billion
▪ Revenues from ore sales declined by 16 percent to P7.79 billion from P9.29 billion last year, due to lower ore prices. ▪ EPI’s operating asset Jobin-SQM Inc. (JSI) is presently operating at a total capacity of 172-MW with the new additional capacity achieved last ▪ The Company’s operating mines so
Slide 4: Financial Highlights (1H-24 vs 1H-23)
FINANCIAL HIGHLIGHTS (1H-24 VS 1H-23) Revenue (PHP bn) EBITDA (PHP bn) Net Income (PHP bn) ™Sale of ore mServices and others 4.4 14.3 ; . 27.4 29.0 95 11.0 ul 9 65 44 37 = 9 27 LI a | a z lao] | 23° 1H'24 1H'23 2019 2020 2021 2022 2023 1H-24 1H-23 2019 2020 2021 2022 2023 1H-24 1H-23 EBITDA Margin‘?
Slide 5: Sales Volume and Average Ore Sale Prices
Sales Volume 1H-23 Average Ore Sale 1H-24 Average Ore Sale Ore Revenue (in millions WMT) Prices Prices (in PHP bn) 10.00 (in US$/WMT) (in US$/WMT) 10.0 8.00 30 60 8.0 3.6 25 50 2.4 6.00 3.93 6.0 3.86 20 40 4.00 4.0 15 28.22 30 5.7 5.3 2.00 3.66 4.23 10 20 2.0 16.72 0.00 5 10 21.95 0.0 10.84 1H-23 1H
Slide 6: Revenue - Variance Analysis
REVENUE - VARIANCE ANALYSIS First Half Period Comparison Sales Volume (in millions WMT) 14-26 (316 14-23 7.51 +8.5% YoY Sales Price (in USD$ per WMT) FX Rate (PHP/USD) 1H-24. +3.9% YoY 57.50 14,000 M 12,000 M 10,000 M 8,000M 6,000M 4,000 M 2,000 M om Revenues, in Php Millions, 6M-2024 v 6M-2023 1,78
Slide 7: Cost & Expenses - Variance Analysis
COST & EXPENSES - VARIANCE ANALYSIS First Half Period Comparison Sales Volume (in millions WMT) 1H-23 7.51 14-24 I 16 +8.5% YoY = Fuel Prices (P/Liter) 1H'24 +1.2% YoY change 53.01 14,000 M 12,000 M 10,000 M 8,000M 6,000 M 4,000 M 2,000 M om 7,019M 6M-2023 Costs and Expenses, in Php Millions, 6M-202
Slide 8: Investment in HPAL Equity Earnings
INVESTMENT IN HPAL EQUITY EARNINGS 1,200 1,000 800 600 400 200 (200) (400) (600) Equity Earnings, in PHP Millions (1H-23 VS 1H-24 comparison) -77m 111 (188) (27) -388m 1H-23 1H-24 BTHPAL &CBNC * The weaker YoY Nickel and Cobalt prices had further negatively impacted Equity losses from investments in
Slide 9: JSI Financial Highlights (1H-23 to 1H-24)
JSI FINANCIAL HIGHLIGHTS (1H-23 to 1H-24) Generation (in MWh) EBITDA (in PHP millions) 330.8 76,375 1H'2023 1H'2024 1H'2023 1H'2024 1H'2023"1H'2024 1H'2023 = 1H'2024 eS Generation (in MWh) 76,375 117935 54.4% Due to energization of Phase 4A EBITDA (Php in Millions) 330.8 524.3 58.4% : At par with re
Slide 10: The New Mines
THE NEW MINES RE PIPELINE
Slide 11: Total Resources: Dinapigue, Bulanjao, Manicani
DINAPIGUE BULANJAO MANICANI Total Resources as of 129 M WMT @ 1.12% Ni 56 M WMT @1.38% Ni 43 M WMT @1.59% Ni 12/31/2022 41 M WMT @ 1.35% Ni 20 WMT @ 1.54% Ni 25 M WMT @ 1.77% Ni Saprolite resources 88 WMT @ 1.02% Ni 36 WMT @ 1.30% Ni 18 M WMT @ 1.35% Ni Limonite Resources Target Annual Production 2.
Slide 12: JSI Operating Capacity, Subic, Cawag, Leyte
JSI Subic Cawag Leyte Project Botolan, Zambales Operating Capacity 172 MW 72MW expansion Capacity Under Construction completed last 145 MW 240 MW 45 MW or For Construction February 28, 2024 Total Attributable MW to EPI 153 MW 145 MW 144 MW 27 MW Completed in January Completed in June Completed in Ju
Slide 13: Disclosure
DISCLOSURE ° August 7, 2024 ° The Board approved the grant by the Company of short-term advances in the amount of P3.06 billion to its renewable subsidiary, Emerging Power Inc. (EPI). The advances shall be used by EPI for the immediate requirements of the 145- MW Subic Cawag and Leyte solar power pr
Slide 14: End of the presentation
End of the presentation