Champion Iron Ltd. · ASX:CIA
Champion Iron — FTMIG Virtual Investor Day Conference 2021
18 slides from Champion Iron's conference presentation, June 2021
Slide 1: Virtual Investor Day Conference
VIRTUAL INVESTOR DAY CONFERENCE JUNE 8-10, 2021 PREMIUM PRODUCT, TIER 1 JURISDICTION, CHAM P| ON IRON LAX HIGH QUALITY INFRASTRUCTURE
Slide 2: Disclaimer
DISCLAIMER CHAMPION IRON 24 This presentation (the “Presentation”) contains information about Champion Iron Limited ("Champion Iran”, “Champion” or the “Company”), current as at the date hereof or as at such earlier date as may be specified herein. This Presentation does not constitute or form part
Slide 3: Corporate Overview
CORPORATE OVERVIEW CHAMPION IRON 2 Largest publicly listed pure-play high-grade iron ore producer globally Top Tier Jurisdiction Established production in region since the 50's 24 largest hub of high-grade export globally Access to infrastructure VuVY Nearly US$4 Billion invested at site to date 7.4
Slide 4: COVID-19 Response
COVID-19 RESPONSE CHAMPION IRON 2 @ |mplemented and operating a rapid testing COVID-19 laboratory at the Bloom Lake mine, using technology approved and certified by Health Canada H@ Capable of screening up to 225 employees and contractors daily i ey Ml Aull re i @ Established a contingency plan, if
Slide 5: Green Solution
GREEN SOLUTION CHAMPION IRON 249 Global iron ore concentrate production Total Intensity (KgCO3e/t) @ At 66.4% Fe, Bloom Lake produces one of the highest quality iron ore products globally © Bloom Lake's iron ore concentrate is 3 produced with one of the lowest CO, footprints globally Production (tho
Slide 6: Growing Industry
GROWING INDUSTRY CHAMPION IRON 29 LACK OF DEVELOPMENT CAPITAL > Steel output rising faster than iron ore supply in major hubs CHINA TOTAL CRUDE STEEL OUTPUT 5- YEAR (10,000 TONS) 10,000 5,000 10,000 TONS 31-05-2016 31-05-2018 31-05-2020 M@ Industry supply is limited with low growth capital in recent
Slide 7: Iron Ore Prices
IRON ORE PRICES CHAMPION IRON 29 BREAKING RECORDS H@ Iron ore prices recently reached new records @ The P65 high-grade index premium is at historical highs P62 INDEX & P65 PREMIUM (US$/T) SINCE INDEX CREATED IN 2009 $300 PBS PREMIUM = a $30 & ep) Oo S Z| 4 $200 = z $20 5 o = lu Ww z E Zz $100 $10 1D
Slide 8: Premium Industry Position
PREMIUM INDUSTRY POSITION CHAMPION IRON 24 H Benefiting from premium pricing, Champion currently ranks as a cost leader within the industry (62% Fe equivalent) 120 SEABORN IRON ORE CASH COSTS BY OPERATORS (CFR CHINA, 62% FE FINES EQUIVALENT, US$/T) US$/DRV TONNE 40 60 80 100 20 Q 250 $00 750 1000 12
Slide 9: Record Results
RECORD RESULTS RECORDS SET IN FISCAL 2021 @ Production of 8.0M wmt M@ EBITDA of $819.5M @ Adjusted net income of $470.7M M@ Adjusted EPS of $0.98 CASH COST (C$/DMT) $60 $40 $20 $0 FY2019 FY2020 FY2021 $1,000 $750 $500 $250 $0 EBITDA (C$M) FY2019 el FY2020 FY2021 CHAMPION IRON 2 IRON ORE CONCENTRATE
Slide 10: Corporate Snapshot
CORPORATE SNAPSHOT CHAMPION IRON 29 $44.0M Restricted cash* $-122.7M Total working capital <> $226.4M Long-term debt (face value)* US$220M Available & undrawn Credit Facility* $636.5M Cash & S-T investments ITl v Net cash* positive of $331.4M MARKET STATISTICS AS OF Q4/FY21(C$M) SHAREHOLDERS (CIA-TS
Slide 11: Growth Opportunities
GROWTH OPPORTUNITIES CHAMPION IRON 29 \. 9 OPERATING UNDER CONSTRUCTION STUDY STAGE DEVELOPMENT KAMI PROJECT MOIRE LAKE BLOOM LAKE BLOOM LAKE 7.8 MTPA* QUINTO PHASE | PHASE II HARVEY TUTTLE 7.4MTPA 15 MTPA* FIRE LAKE NORTH O'KEEFE PURDY 9.3 MTPA* POWDERHORN » oR ee 1» »» N OPERATING & FINANCED* 4 nn
Slide 12: Phase II - Advanced Project
PHASE II - ADVANCED PROJECT CHAMPION IRON 2 PHASE II - CAPEX (C$M) DEPLOYED BY CHAMPION AS OF MARCH 31, 2021 $170.3M @ Expected to double nameplate capacity to 15 Mtpa @ Approved and fully financed* DEPLOYED BY PREVIOUS OWNER* j j -US$1.2B ESTIMATED REMAINING M@ On track for completion by mid-2022 .
Slide 13: Kami Project Acquisition
KAMI PROJECT ACQUISITION CHAMPION IRON 24 M@ Situated only a few kilometres south east of Bloom Lake, the Kami project has significant historical resources and historical reserves* of high-grade iron ore near available infrastructure Legend @ |nitiated work to revise the en work towards an updated B
Slide 14: Product Development
PRODUCT DEVELOPMENT CHAMPION IRON 24 Current Offering: Proven Product: Blast Furnace Pellet Feed Direct Reduction Pellet Feed = EEA TT -68% Fe 2.8% Si0, + Al,0, Z «66.3% Fe eed 4.7% SiO, + Al, @ Product trading at a premium relative to the @ Product can be converted into Direct Reduced Iron quoted C
Slide 15: Product Improvement
PRODUCT IMPROVEMENT CHAMPION IRON 2 @ Advanced laboratory testing to produce a 69%+ Fe iron ore concentrate @ Preliminary results indicate an ability to upgrade the material using mild regrinding and a silica flotation stage TRADITIONAL PELLETS a @ Ongoing laboratory testing and development of Cold
Slide 16: Contact us for more information
CHAMPION IRON 249 Contact us for-more information. Michael Marcotte, VP Investér-Relations mmarcotte@championiron.com 514-316-4858 pein pe wT 7
Slide 17: Appendix: Notes on Historical Estimates
APPENDIX CHAMPION IRON 29 NOTES ON HISTORICAL ESTIMATES USED IN THE PRESENTATION The historical Kami Project resource estimates are based on the National Instrument 43-101 technical report entitled “Feasibility Study of the Rose Deposit and Resource Estimate for the Mills Lake Deposit of the Kamisti
Slide 18: Company Projects: Mineral Resources
COMPANY PROJECTS MINERAL RESOURCES CHAMPION IRON 24 ON IRON LIMITED - MINER 'S (MILLION DRY METRIC TONNE: PROPERTY GROUP. INDICATED Mal Phase Il Feasibility Study, Estimate effective date ~ April 19, 2018, Includes Bloom Lake Phase Ii resources Bloom Lake Bloom Lake 373.1 514.4 893.5 535 land Bloom
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