Nickel Industries Limited · ASX:NIC
Nickel Industries — Shareholder Meeting (May 2025)
15 slides from Nickel Industries's shareholder meeting presentation, May 22, 2025
Slide 1: 2025 Annual General Meeting Presentation
Nickel Industries Limited (ASX:NIC) May 2025 For personal use only 2025 Annual General Meeting Presentation
Slide 2: Important legal information
Important legal information This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (NIC). The information contained in this presentation is for For personal use only information purposes only and has been prepared for use in conjunction with a verbal presentation and s
Slide 3: Nickel Industries overview – largest listed nickel producer globally
Nickel Industries overview – largest listed nickel producer globally Vertical integration of our mining and processing assets underpins our advantage as a bottom cost quartile nickel producer For personal use only NIC’s operations Overview of NIC value chain ▪ Two distinct business segments Mining P
Slide 4: Leaders in responsible and sustainable nickel operations
Leaders in responsible and sustainable nickel operations For personal use only 1 Ratings and ESG Green PROPER rating Carbon reduction initiatives Top ESG rating for Indonesian MSCI One of only two nickel EV haul truck Metals and Mining company mining companies in implementation Indonesia to achieve
Slide 5: Full year 2024 highlights
Full year 2024 highlights 5 Group financials Corporate updates For personal use only ▪ Adjusted(1) EBITDA – US$296.8m ▪ Acquisition payments of US$696m to increase ENC HPAL ▪ Gross Profit – US$186.7m ownership to 44% (increasing to 55%) ▪ Loss after tax – US$189.8m including impairment of US$205m ▪
Slide 6: Resilient operations in a challenging price environment
Resilient operations in a challenging price environment While many high-cost producers have been forced to close, NIC has maintained profitability For personal use only LME nickel price (US$/t Ni) and key financial metrics 2021 2022 2023 2024 Adjusted EBITDA: US$243m(1) US$339m(1) US$407m US$297m Di
Slide 7: Corporate highlights and 2025 targets
Corporate highlights and 2025 targets 2024 corporate highlights 2025 targets For personal use only ▪ Definitive agreement to acquire 60% of the Sampala Project ▪ Commission ENC cathode and sulphate plants in Q3 and Q4 ▪ Successful syndication of US$400m Indonesian Bank Loan ▪ Increase Hengjaya Mine
Slide 8: Strategically located nickel ore resources underpin our processing operations
Strategically located nickel ore Resources underpin our processing operations Resource development central to NIC recognition as a leader in responsible and sustainable mining in Indonesia For personal use only Current mining operations – Hengjaya Mine New project – Sampala ▪ Existing 3-year RKAB pe
Slide 9: Nickel Industries resources portfolio
Nickel Industries resources portfolio Sampala and Siduarsi projects are anticipated to increase NIC total contained nickel metal resources to 6.4 million tonnes For personal use only 3.3% 3.0% Bubble size represents contained nickel metal in million tonnes (Resource 2.7% tonnage multiplied by nickel
Slide 10: Our near-term catalysts transforming the Company
Our near-term catalysts transforming the Company For personal use only Over the next 12 to 18 months Nickel Industries has several value accretive catalysts ▪ Nameplate capacity of 72ktpa expected in 2026 (HNC operating ~40% above nameplate) ENC HPAL commissioning ▪ Capital costs, timing and ramp-up
Slide 11: Where we are now … where we are headed
Where we are now … where we are headed For personal use only 1 Share price of A$0.66, market capitalisation of US$1.9 billion (A$2.9 billion)(1), 2024 Adjusted EBITDA of US$297m 2 Current EV / EBITDA multiple of 9.0x(2), dividend yield of 6.1% 3 Near-term value accretive catalysts expected to drive
Slide 12: Appendix
For personal use only Appendix
Slide 13: Peer comparison information
Peer comparison information Operation Measured (Mt) Indicated (Mt) Inferred (Mt) Resources (Mt) Grade (Ni %) Nickel Metal (Mt) Standard Weda Bay 245 719 541 1,504 1.2% 18.5 JORC For personal use only SCM 11 280 849 1,139 1.2% 13.9 JORC Halmahera na na na 466 1.5% 7.0 Not stated Nusa Karya Arindo 65
Slide 14: Competent person statement
Competent person statement The information in this presentation that relates to Mineral Exploration and Mineral Resources is based on data compiled by Daniel Madre of PT For personal use only Danmar Explorindo. Mr Madre is a member of the Australian Institute of Mining and Metallurgy (AusIMM) and ha
Slide 15: For more information, please contact
Nickel Industries Limited (ASX:NIC) For personal use only For more information, please contact: Justin Werner Managing Director jwerner@nickelindustries.com +61 2 9300 3311 Cameron Peacock Investor Relations and Business Development cpeacock@nickelindustries.com +61 439 908 732 www.nickelindustries.