Champion Iron Ltd. · ASX:CIA
Champion Iron — Shareholder Meeting (August 2024)
24 slides from Champion Iron's shareholder meeting presentation, Aug 28, 2024
Slide 1: Financial Year 2024 - Annual General Meeting
FINANCIAL YEAR 2024 - ANNUAL GENERAL MEETING AUGUST 28, 2024 - 5 PM (MONTREAL) AUGUST 29, 2024 - 7 AM (SYDNEY) , A RARE SOLUTION TO DECARBONIZE STEELMAKING CHAM Pl ON IRO N Lx
Slide 2: Disclaimer
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF DISCLAIMER Thispresentation (this "Presentaton”) contains informa about Championiran Limited("Chempien” ar the "Company" current ae atthe date hereet rae at such earlier date as may be spedtid herein ThisPresentation dass nateanstitute ar formpart
Slide 3: Formal Business of the Annual General Meeting
FORMAL BUSINESS OF THE ANNUAL GENERAL MEETING CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX: CIAFF > Receiving and considering the Company's Financial Report, together with the Directors’ Report and Auditors’ Report for the financial year ended March 31, 2024 > Presenting the Remuneration Report, Cond
Slide 4: FY2024 Highlights: New Records Set
FY2024 HIGHLIGHTS: NEW RECORDS SET CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF FINANCIAL YEAR 2024 RESULTS AND BALANCE SHEET AS OF MARCH 31, 2024 e® m 14,162,400 WMT $ 75.9/DMT $1,524.3M $400.1M CONCENTRATE PRODUCED TOTAL CASH CosT! REVENUES CASH & CASH EQUIVALENTS 11,643,700 DMT $552.5M $55
Slide 5: FY2024: Creating a Positive Impact
FY2024: CREATING A POSITIVE IMPACT CHAMPION IRON 2s 1,145 Employees? 57 Local and First Nations employees! $403.3M Procurement from regional suppliers? $166.0M Income, mining and municipal taxes incurred®? $170.3M Salaries & benefits® 100% Compliance with tailings management! 99% Mining wastewater r
Slide 6: Enhanced ESG Disclosure
ENHANCED ESG DISCLOSURE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Published the 2023 Sustainability Report, aligned with several Environmental Social and Governance (ESG) disclosure frameworks including GRI, SASB and TCFD? > 2023 results: Successfully met 11 out of the 12 sustainability
Slide 7: Mitigated the Operational Impact of Forest Fires
⎪ ⎪ → → → MITIGATED THE OPERATIONAL IMPACT OF FOREST FIRES NEAR SEPT-ILES RELEASED AN UPDATED MINERAL RESOURCES AND RESERVES ESTIMATE FOR BLOOM LAKE APPOINTED JESSICA MCDONALD TO THE BOARD OF DIRECTORS COMPLETED US$230M TERM LOAN FINANCING NEWFOUNDLAND AND LABRADOR GOVERNMENT ANNOUNCED CRITICAL MINE
Slide 8: Financial Year 2024 and Q1/2025
FINANCIAL YEAR 2024 AND Q1/2025 CHAMPION IRON-Z4 OPERATIONAL & FINANCIAL RESULTS ee ade
Slide 9: Solidifying Operations and Record Sales
SOLIDIFYING OPERATIONS AND RECORD SALES CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Annual production of 14.2M wmt in FY2024, an BLOOM LAKE PRODUCTION HISTORY increase of 26.6% year-over-year, representing (MILLION WMT/YEAR) 94.4% of Bloom Lake’s expanded nameplate capacity of 15 Mtpa Prev
Slide 10: Diversified Customers and Positioning for the Future
DIVERSIFIED CUSTOMERS AND POSITIONING FOR THE FUTURE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > > Record annual iron ore concentrate sales of 11.6M dmt in FY2024, an FY2024 SALES increase of 9.9% year-over-year th Year-on-year sales by region Increased sales in Europe and successfully ach
Slide 11: FY2024: Industry Overview
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF FY2024: INDUSTRY OVERVIEW > P65 index average of US$130.9/dmt in FY2024, comparable to the previous year > Average premium of the P65 index over P62 index of 9.7%, a decrease of 3.4 percentage points year-over-year > C3 freight index average of US$
Slide 12: FY2024: Premium Product Pricing
FY2024: PREMIUM PRODUCT PRICING CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF > FY2024 gross realized price?, including provisional price adjustments, of US$130.3/dmt, in line with the P65 high- grade index average of US$130.9/dmt in the period > Net realized price of $130.9/dmt, relatively st
Slide 13: FY2024: Proven Cost Structure
FY2024: PROVEN COST STRUCTURE CHAMPION IRON 2s > FY2024 results: Total cash cost! of $75.9/t, positively impacted by higher mill production with the completion of the second plant, offset by site production ramp-up and operating costs indexation > Q1/FY25 Results: Mining and processing costs! of $47
Slide 14: FY2024: Financial Results
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF FY2024: FINANCIAL RESULTS > Improved financial results year-on-year, positively impacted by higher sales volume, partially offset by higher net finance costs and higher current income and mining taxes > For the year ended March 31, 2024, revenues t
Slide 15: Robust Cash Position While Investing for the Future
ROBUST CASH POSITION WHILE INVESTING FOR THE FUTURE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF > Substantial investments and capital return completed in FY2024, including: = Two dividend payments totalling $103.4M = $94.4M invested to advance the DRPF project = Increase in tailings and stri
Slide 16: FY2024: Robust Balance Sheet
FY2024: ROBUST BALANCE SHEET CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF BALANCE SHEET AS AT MARCH 31, JUNE 30, 2024 2024 m Cash & cash equivalents $400.1M $294.7M’ Working capital !: @ $208.0M $267.4M $7 Short-term & Long-Term $552.2M $543.7M = Debt 13 Available & undrawn loans! = $542.04 $
Slide 17: TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
Slide 18: A Critical Mineral for Our Future
A CRITICAL MINERAL FOR OUR FUTURE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF Joining recent announcements by the governments of Québec and Newfoundland and Labrador, Canada’s federal government added high-purity iron ore on their critical minerals list ® we ys . Kooy) Canada identifies crit
Slide 19: Positioned to Service an Industry in Transition
POSITIONED TO SERVICE AN INDUSTRY IN TRANSITION CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF CHAMPION’S DR QUALITY PELLET FEED IS STRATEGICALLY POSITIONED TO SERVICE GROWING MARKETS san 3 > Over 160 Mt of Direct Reduction EUROPE (DR) quality iron ore will be 82 Mi/y cis required to supply the
Slide 20: Green Steel Supply Chain Solutions
GREEN STEEL SUPPLY CHAIN SOLUTIONS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF DE-RISKING A VAST PROJECT PORTFOLIO REQUIRED FOR THE GREEN STEEL SUPPLY CHAIN PRODUCTS OPTIMIZATION MINING VOLUME INCREASE KAMI STUDY COMPLETED 3 MTPA PROJECT Evaluating strategic partnerships and opportunities to
Slide 21: DRPF Project Update Q1/FY25
DRPF PROJECT UPDATE Q1/FY25 CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > DRPF project, upgrading half of Bloom Lake’s nameplate capacity from ORE te OF JUNE 30" eee (ESM 66.2% Fe up to 69% Fe, remains on schedule and on budget, with : commissioning expected in He 2025 > Quarterly and cumula
Slide 22: Financial Year 2025 Focus
FINANCIAL YEAR 2025 FOCUS CHAMPION IRON 2s > Ongoing sustainable environmental management and priority on the health and safety of our employees, partners and communities > Optimize operations at Bloom Lake, including the ongoing evaluation to debottleneck operations to produce beyond its 15M wmt na
Slide 23: Thank You to Our Staff
CHAMPION IRON 24 THANK YOU TO OUR STAFF TSX: CIA | ASX: CIA | OTCQX: CIAFF a Y emmy TRANSPARENCY RESPECT INGENUITY PRIDE v 23
Slide 24: Contact us for more information
CHAMPION IRON 29 TSX: CIA | ASX: CIA | OTCQX: CIAFF Contact us for more information Michael Marcotte, Senior Vice-President Corporate Development and Capital Markets info(@championiron.com | 514-316-4858 1155 René-Lévesque West, Suite 3300, Montréal, QC, H3B 3X7 www.championiron.com