Nickel Industries Limited · ASX:NIC
Nickel Industries — Shareholder Meeting (November 2019)
16 slides from Nickel Industries's shareholder meeting presentation, Nov 28, 2019
Slide 1: Presentation to Annual General Meeting
ABN 44 127 510 589 Level 2, 66 Hunter Street Sydney NSW 2000 Australia T: +61 2 9300 3311 F: +61 2 9221 6333 E: info@nickelmines.com.au 28 November 2019 The Manager Companies ASX Limited 20 Bridge Street Sydney NSW 2000 (16 pages by email) PRESENTATION TO ANNUAL GENERAL MEETING Nickel Mines Limited
Slide 2: A New Force in Global Nickel
A NEW FORCE IN GLOBAL NICKEL Annual General Meeting 28 November 2019
Slide 3: Disclaimer
Disclaimer 2 This presentation has been prepared by Nickel Mines 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. The infor
Slide 4: This Is Not a Mining Story
3 Whilst we own a world class nickel laterite mine THIS IS NOT A MINING STORY It’s a story about the production of the lowest capital intensive and most profitable nickel units in the global market in partnership with the world’s largest stainless steel producer.
Slide 5: Corporate Snapshot
Corporate Snapshot 4 TRADING INFORMATION 27 NOVEMBER 2019 Directors and Management 11.3% ASX Code NIC Shanghai Decent Shares on Issue 1,665.4B Blackrock 18.1% 46.2% Share Price A$0.58 Shanghai Wanlu Range A$0.22 –A$0.75 Regal 8.3% Market Capitalisation A$965.9M Other 9.0% 7.1% Share Price Performanc
Slide 6: Review of Operations
NICKEL | MINES LIMITED REVIEW OF OPERATIONS
Slide 7: Nickel Equivalent Tonnes
* 16.5kt pa RKEF Production Ramp-up 6 ^ 15kt pa (design capacity) HNI RNI HNI Cash Costs RNI Cash Costs 2,000 1,943.1 1,904.2 7,900 1,858.9 1,872.9 1,765.2 1,750 1,693.7 1,647.5 7,700 1,578.8 1,518.2 1,500 1,375* 7,500 1,250 ^ 1,289.4 Nickel Equivalent Tonnes Cash Costs (USD/t) 1,250 1,181.4 7,300 1
Slide 8: RKEF Operations
RKEF Operations 7 An Outstanding September Quarter HENGJAYA NICKEL July August September Qtr Total June Qtr NPI Production tonnes 12,713.1 13,405.7 13,451.6 39,570.4 31,256.4 NPI Grade % 13.0 13.9 13.9 13.6 14.0 Nickel Metal Production tonnes 1,647.5 1,858.9 1,872.9 5,379.3 4,386.3 Cash Costs USD/t
Slide 9: Hengjaya Mine Operations
Hengjaya Mine Operations 8 Production summary July August September Qtr Total June Qtr Tonnes mined Wmt 57,098 64,008 77,950 199,056 78,251 Overburden mined BCM 115,359 150,827 165,856 432,042 117,484 Strip ratio BCM/wmt 2.0 2.4 2.1 2.2 1.5 Tonnes sold wmt 77,933 68,326 85,228 231,487 96,023 Average
Slide 10: Financial Performance & Outlook
9 FINANCIAL PERFORMANCE & OUTLOOK
Slide 11: June 2019 Full Year Results
30 June 2019 Full Year Results 10 FY 2019 US$M FY 2019 US$M Reported Gross Profit 21.59 Cash 49.0 Equity Accounted Profit - HNI 2.62 Trade and receivables 43.7 Underlying Gross Profit 24.21 Total current assets 108.2 Directors Fees/Consultant Expenses (2.64) Total Non-current assets 423.7 Other Expe
Slide 12: December Quarter and Looking Ahead to 2020
11 December Quarter ▪ All four RKEF lines running at steady state. ▪ Significant increase in NIC’s attributable nickel units ( for half of September quarter NIC held only 17% of RNI). ▪ Material cash build as September receivables (US$84M) and unsold NPI inventories (US$10.7M) convert to cash at ban
Slide 13: Why Invest
NICKEL MINES LIMITED WHY INVEST
Slide 14: 15 Months of Achievement Now Delivering Value
13 Admission to ASX 300 15 Months of Achievement Now Delivering Value $0.80 Move to 60% RNI 15 MONTHS ON FROM NIC’S IPO: $0.70 • 60% interest in HNI and RNI. $0.60 • Both projects in production within 12 months of breaking ground. First NPI from RNI RNI tax concessions • HNI and RNI production run r
Slide 15: Investment Highlights
Investment Highlights 14 Why You Need to Own Nickel Mines Strategic Partnership Established tenant RKEF Processing Strengthening Nickel with Tsingshan within the IMIP Technology Market Fundamentals • Multi-faceted Collaboration • Indonesia/IMIP are the epicentre of • Tsingshan have pioneered RKEF •
Slide 16: www.nickelmines.com.au
15 www.nickelmines.com.au Robert Neale Chairman rneale@nickelmines.com.au Norman Seckold Deputy Chairman nseckold@nickelmines.com.au Justin Werner Managing Director jwerner@nickelmines.com.au Peter Nightingale Director and Chief Financial Officer pnightingale@nickelmines.com.au Richard Edwards Compa
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