Nickel Industries Limited · ASX:NIC
Nickel Industries — Q2 2026 Earnings Presentation
10 slides from Nickel Industries's earnings presentation, Jul 29, 2026
Slide 1: Quarterly Activities Presentation
For personal use only Nickel Industries Limited (ASX:NIC) Quarterly Activities Presentation For the period ended 30 June 2026
Slide 2: Safety and ESG Achievements
Safety and ESG Achievements For personal use only Safety & People Performance Quarterly Milestones Hengjaya Mine was one of only three nickel mining Green companies in Indonesia to achieve a Green 0.00 0.45 18.0M PROPER PROPER rating from the Ministry of Environment 12-month LTIFR 12-month TRIFR Saf
Slide 3: Quarterly Summary
Quarterly Summary Unaudited 1H’2026 EBITDA from Operations of US$256m (vs FY 2025 EBITDA of US$283m) For personal use only Group operations and corporate highlights Mining – Hengjaya Mine US$120.5m >US$1.3bn 1.095bn wmt US$45.7m 2.9m wmt $15.9/wmt Adjusted EBITDA Sampala valuation Sampala JORC Recor
Slide 4: Mining Operations
Mining Operations (1) Production Units Q1 2026 Q2 2026 Variance For personal use only Mining quarterly performance Saprolite wmt 1,312,762 1,736,274 32% Limonite wmt 2,646,322 2,395,643 (9%) 2.9m wmt -5% Total wmt 3,959,084 4,131,917 4% Ore sales Overburden BCM (2) 796,104 860,930 8% 8-day suspensio
Slide 5: Sampala and Siduarsi Projects
Sampala and Siduarsi Projects For personal use only Sampala Project 8mt Ni & >US$1.3bn 10kt Ni p.a. Sampala HPAL capacity 583kt Co valuation for no cash Contained metal consideration ▪ Updated JORC Resource (25 May 2026) – 1.095 billion wmt at 1.24% Ni and 0.09% Co; 8Mt contained nickel, 583Kt conta
Slide 6: HPAL operations
HPAL operations (1) For personal use only ENC progress update HNC (and Trading Division) quarterly performance COMMISSIONING ROADMAP -30% May 2026 May–August 2026 October 2026 US$14.4m Total adjusted EBITDA Integrated HPAL Sequential Autoclaves 1.8kt Ni -14% commissioning commissioning: pipeline, ex
Slide 7: New HPAL investments – CNE and TMI expand our Class 1 nickel supply
New HPAL investments – CNE and TMI expand our Class 1 nickel supply Further HPAL diversification of our product mix, broadening our customer base – 59kt of Class 1 nickel attributable to NIC For personal use only HNC (Huayue Nickel Cobalt) ENC (Excelsior Nickel Cobalt) Watch progress 2021 85ktpa 10%
Slide 8: RKEF operations
RKEF operations (1) For personal use only RKEF quarterly performance Production Units Q1 2026 Q2 2026 Variance 27,864t -8% NPI production tonnes 274,086 245,601 (10%) Nickel production Nickel grade % 11.0 11.3 3% Scheduled maintenance to ANI and ONI RKEF lines Total nickel tonnes 30,264 27,864 (8%)
Slide 9: Cash flow waterfall
Cash flow waterfall For personal use only Cash flow summary Cash flow waterfall - June 2026 quarter (US$m) 350.0 US$82m 6.2 Cash flow 300.0 74.2 9.2 (3.0) (4.8) 52.3 Unwinding RKEF trade receivables balance and maiden 268.3 (18.2) (5.5) (2.0) (3.5) dividend from HNC. Offset by Hengjaya Mine trade 25
Slide 10: Further information
Further information For personal use only Justin Werner Andrew Coleman Managing Director Head of Investor Relations jwerner@nickelindustries.com acoleman@nickelindustries.com 10