Igo Limited · ASX:IGO
Igo — Macquarie Australia Conference 2022
28 slides from Igo's conference presentation, May 5, 2022
Slide 1: Presentation to Macquarie Australia Conference (ASX release)
ASX RELEASE 5 May 2022 PRESENTATION TO MACQUARIE AUSTRALIA CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the materials presented by Managing Director and CEO, Peter Bradford at Macquarie Australia Conference which is being held in Sydney
Slide 2: Macquarie Australia Conference Presentation
For personal use only IGO Limited Macquarie Australia Conference Presentation 5 May 2022
Slide 3: Our Strategy
Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only 2
Slide 4: Electric Vehicle Demand
Electric Vehicle Demand Demand growth accelerating rapidly For personal use only Global Electric Vehicle Sales & Market Share1 Million Vehicles Market share (%) 30 20 EV sales doubled from 2020 to 2021 to 8.6M units CAGR: ~49% CAGR: ~30% 18 (2012 – 2021) (2021 – 2025) 25 16 14 20 12 EV battery deman
Slide 5: Our focus on clean energy metals
Our focus on clean energy metals Deficits forecast in the medium and long term for both lithium and nickel For personal use only Lithium Market Balance1 (kt LCE) Nickel Market Balance2 kt LCE kt Total Lithium Supply Existing supply 3,000 6,000 Probable projects New Ni supply Total Lithium Demand nee
Slide 6: Our Portfolio Transformation
Our Portfolio Transformation Key transactions have delivered a 100% clean energy metals focused portfolio For personal use only Tianqi Lithium JV Silver Knight Western Areas Tropicana Divestment Investment Acquisition Acquisition1 December 2020 April 2021 July 2021 December 2021 Acquired a 25% inter
Slide 7: Our Sustainability Performance
Our Sustainability Performance Global recognition for our leading sustainability performance and reporting For personal use only Dow Jones Sustainability Australia Index Dow Jones Sustainability Asia Pacific Index S&P Global 2022 Sustainability Yearbook ESG Reporting consistently rated as “Leading”
Slide 8: Our Response to Climate Change
Our Response to Climate Change Aspiration to be carbon neutral by 2035 For personal use only Internal carbon price adopted at A$60/tonne CO2e1 Emissions reduction programs underway targeting Scope 1 & 2 emissions Commited to solar expansion at Nova to enable 100% “engines off” operation for ~9 conse
Slide 9: Our Nickel Business
For personal use only Our Nickel Business 8
Slide 10: Our Nickel Business
Our Nickel Business Expanding the portfolio and aspiring to move downstream For personal use only Downstream Nickel Nova Western Areas1 Exploration Sulphate High quality, low cost nickel High quality portfolio of Focused on discovery of Significant opportunity to production asset production and deve
Slide 11: Nova Nickel Operation
Nova Nickel Operation Consistent operational and financial performance For personal use only Nova Production & Cash Costs Tonnes A$/lb FY22 metal production in line with guidance; cash 9,000 $2.50 costs tracking below guidance 8,000 FY22 Cash Cost Guidance Range (A$2.00 – A$2.40/lb) 7,000 $2.00 $1.7
Slide 12: Western Areas
Western Areas Agreement to increase Scheme Consideration to A$3.87/share1 For personal use only Combined Portfolio Increased IGO Offer Price recognises additional value generated by WSA as a result of higher nickel prices since initial transaction was announced Kimberley Amended Scheme has been unan
Slide 13: Western Areas
Western Areas Forrestania and Cosmos (development) nickel sulphide assets WSA Project Portfolio Project pipeline For personal use only • Project in development Scoping / Feasibility Pre-production Producing Odysseus • 10+ year mine life from FY23 Pre-feasibility Commissioning (Cosmos) • Attractive A
Slide 14: Exploration Strategy
Exploration Strategy Committed to investing in growth through discovery For personal use only FY22 Exploration Budget Lake Mackay Copper Coast Raptor A$9M Kimberley Project A$6M Nova & A$65M A$33M Fraser Range A$17M Paterson Project 13
Slide 15: Downstream Processing
Downstream Processing A disruptive process designed to convert nickel sulphide concentrate into nickel sulphate For personal use only Strong demand from EV sector for supply chain security IGO Process is lower cost and has strong environmental credentials Expanding nickel portfolio provides mine lif
Slide 16: Our Lithium Business
For personal use only Our Lithium Business Kwinana Lithium Hydroxide Refinery 15
Slide 17: TLEA Joint Venture (IGO: 49%)
TLEA Joint Venture (IGO: 49%) Building a global and integrated lithium business For personal use only Greenbushes Mine Kwinana Refinery Product Marketing Exploration TLEA 51% (IGO:25%) TLEA 100% (IGO:49%) World’s lowest cost and Australia’s first fully Strong relationships with Collaborating with JV
Slide 18: TLEA Lithium Joint Venture
TLEA Lithium Joint Venture1 Higher spodumene prices generating strong financial returns for shareholders For personal use only YTD22 IGO share of NPAT from TLEA – A$75M 2H22 Spodumene Revenue Price of US$1,770/t FOB2, with next price reset from 1 July 2022 IGO expects first dividend from TLEA mid-20
Slide 19: Greenbushes
Greenbushes1 Expanding concentrate production capacity to meet demand Technical Grade Plant Chemical Grade Plant Chemical Grade Plant Tailings Retreatment Project Chemical Grade Plant For personal use only (TGP) (CGP1) (CGP2) (TRP) (CGP3) Status Construction Producing Producing Producing Ramp Up App
Slide 20: Greenbushes
Greenbushes Expanding production capacity to meet strong global demand for lithium products Greenbushes Mine For personal use only Spodumene concentrate capacity expansion (Mtpa) (All expansion activity funded internally) Potential commissioning FID Approved 2027 Construction to commence in 1H23 0.5
Slide 21: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Potential to expand refining capacity further via two additional trains For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Option to add Train III and IV in the future 24ktpa 96ktpa Construction expected to recommence 24ktpa in 1H23 Currently
Slide 22: Lithium Joint Venture Catalysts
Lithium Joint Venture Catalysts Focused on delivery of significant brownfields growth opportunities For personal use only Greenbushes Lithium Mine • CGP2 and TRP ramp up to full production • CGP3 construction commencement (est 1H23) Kwinana Refinery • Train 1 commercial production of battery grade l
Slide 23: People & Culture
For personal use only People & Culture 22
Slide 24: People & Culture
People & Culture Enduring focus on safety, enhancing wellbeing and strengthening our unique culture For personal use only Prioritising safety and wellbeing Focused on attracting, developing and retaining our #1 asset 2022 Engagement Survey highlighted high levels of employee engagement 23
Slide 25: Summary
For personal use only Summary 24
Slide 26: Concluding Remarks
Concluding Remarks Well positioned to leverage from disruptive transition to clean energy For personal use only Purpose-led strategic focus on clean energy metals People centric business delivering a great culture Sustainability embedded into the DNA of the business with proactive response to climat
Slide 27: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as an inducement to make an offer or invitation with respect to those secu
Slide 28: Making a Difference
For personal use only We believe in a world where people power makes amazing things happen. Where technology opens up new horizons and clean energy makes the planet a better place for every generation to come. We are bold, passionate, fearless and fun - a smarter, kinder, more innovative company. Ou