Slide 1: 1Q25 Results Presentation
1Q25 Results Presentation IGO Limited Page 1 IGO Limited | 28 October 2024
Slide 2: Overview
Overview Strong operational performance from Greenbushes; financial results impacted by lower sales and prices Slight increase in TRIFR to 11.4 (from 10.4) Safety Increased in-field safety interactions at Nova indicative of improved safety leadership Greenbushes continues to generate strong ma
Slide 3: Greenbushes
Greenbushes Strong quarterly performance with higher production and lower costs 100% basis Units 1Q25 4Q24 QoQ FY25 Guidance Spodumene Production kt 406 332 ▲22% 1,350 – 1,550 Spodumene Sales kt 392 530 ▼26% Not guided Cash Costs (Production)1 A$/t 277 338 ▼18% 320 – 380 • Higher tonnes processed, h
Slide 4: Kwinana
Kwinana Production lifted prior to major shutdown in October 100% basis Units 1Q25 4Q24 QoQ YTD Guidance Lithium Hydroxide Production t 1,502 1,331 ▲13% Not guided 1600 • 13% increase in QoQ production following further Train 1 - Lithium Hydroxide Production (Quarterly) improvement in process contro
Slide 5: Nickel Business
Nickel Business Challenging quarter at Nova as Forrestania entered care and maintenance Nova Units 1Q25 4Q24 QoQ FY25 Guidance Nickel Production t 3,692 6,348 ▼42% 16,000 – 18,000 Copper Production t 1,743 3,046 ▼43% 6,250 – 7,250 Sales Revenue A$M 101 145 ▼30% Not guided Cash cost (payable)1 A$/lb
Slide 6: Financial Results
Financial Results Lower sales and metals prices had the most impact to group financial results Units 1Q25 4Q24 QoQ Sales Revenue A$M 143 235 ▼39% Share of Net Profit of TLEA A$M 37 68 ▼45% Underlying EBITDA1 A$M (3) 77 ▼104% Underlying Free Cash Flow2 A$M 4 201 ▼98% Cash A$M 259 468 ▼45% • Lower QoQ
Slide 7: Refreshed Strategy
Refreshed Strategy We have an exceptional base of capability to leverage as we work towards our 2035 vision Purpose We have conviction on our 2035 portfolio … Exploration Development Operations Commercial Cu Cu Cu Li Ni Li Ni Li Ni Li … and our strategic themes will govern how we make a difference.
Slide 8: Our Unique Value Proposition
Our Unique Value Proposition We have a distinct set of credentials to deliver our strategy Greenbushes delivering strong free cash flow through the Our deep exploration cycle and significant capability and unique opportunity for Our track record of opportunity for optimisation operational growth thr
Slide 9: Outlook
Outlook We are focused on delivering on key workstreams that support our refreshed strategy Safety • Laser focus on improving safety outcomes Greenbushes • Working with our partners to advance Greenbushes’ growth and optimisation projects Kwinana • Major shutdown underway which we expect will delive
Slide 10: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN Persons' Statements included in periodic and continuous • Lithium cash costs (production) are reporting inclusive of mining, 46 092 786 304). It should not be considered as an offer or disclosure ann
Slide 11: Contact
Contact Investors & Media Richard Glass Head of Corporate Affairs & Investor Relations T:+61 8 9238 8300 E: Richard.glass@igo.com.au IGO Limited | September Quarterly Activities Report
Slide 12: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology are amazing things happen. enabling the full potential of renewable energy to be realised, by allowing energy produced from the sun, Where technology opens up new horizons and clean wind and other