Nickel Industries Limited · ASX:NIC
Nickel Industries — Q2 2025 Earnings Presentation
9 slides from Nickel Industries's earnings presentation, Jul 30, 2025
Slide 1: Quarterly Activities Presentation
For personal use only Nickel Industries Limited (ASX:NIC) Quarterly Activities Presentation For the period ended 30 June 2025
Slide 2: Safety and Sustainability
Safety and Sustainability ▪ The Company-wide 12-month lost time injury frequency rate (LTIFR) as For personal use only at end of June 2025, was 0.05, with no lost time injuries (LTI) recorded during the quarter, against 4.6 million work hours registered. For the twelve months to 30 June 2025, there
Slide 3: June quarter review
June quarter review US$86m Adjusted EBITDA from Operations For personal use only ▪ RKEF nickel metal production of 30,463 tonnes – 4.0% lower than March quarter (31,793 tonnes) ▪ RKEF Adjusted EBITDA of US$33.7m – 24% lower than March quarter (US$44.3m) ▪ HPAL attributable production of 2,075 tonnes
Slide 4: RKEF operations
RKEF operations (1) ▪ RKEF production decreased 4.0% driven For personal use only Production Units Q1 2025 Q2 2025 Variance predominantly by a realignment of two of ONI’s kilns with works completed sequentially for each kiln in April NPI production tonnes 262,530 260,071 (1%) and May over a 2-week p
Slide 5: HPAL operations
HPAL operations (1) ▪ HNC produced 20,750 tonnes of nickel and 1,877 For personal use only HNC (100%) Units Q1 2025 Q2 2025 Variance tonnes of cobalt, outperforming HNC’s nameplate capacity by 38% Ni tonnes 21,184 20,750 (2%) Production ▪ Combined operating cash costs increased by 10% Co tonnes 1,92
Slide 6: ENC Project update
ENC Project update For personal use only Integrated nickel refinery ▪ The integrated nickel refinery (for cathode production) has reached a point at which staged commissioning could now commence ▪ Decision taken to defer commissioning of the refinery to better align working capital requirements with
Slide 7: Mining operations
Mining operations (1) Production Units Q1 2025 Q2 2025 Variance ▪ Production increased 5% whilst sales increased 6% For personal use only Saprolite production wmt 923,500 1,411,238 53% ▪ Saprolite production increased 53%, with sales of Limonite production wmt 4,725,414 4,512,301 (5%) limonite large
Slide 8: Sampala Project
Sampala Project For personal use only ▪ Completed a detailed mine plan for the PT Erabaru Timur Lestari (ETL) IUP, targeting a production license of 6 million wmt per annum ▪ Construction of 8km of haul road, a 60-metre bridge, internal road systems and stage one accommodation is progressing well ▪
Slide 9: Further information
Further information For personal use only Justin Werner Cameron Peacock Managing Director Investor Relations and Business Development jwerner@nickelindustries.com cpeacock@nickelindustries.com 9