Champion Iron Ltd. · ASX:CIA
Champion Iron — Q1 FY2027 Earnings Presentation
20 slides from Champion Iron's earnings presentation, Jul 30, 2026
Slide 1: First Quarter of the 2027 Financial Year
FIRST QUARTER OF THE 2027 FINANCIAL YEAR TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF WEBCAST PRESENTATION – JULY 30, 2026 (MONTRÉAL) A SOLUTION TO DECARBONIZE STEELMAKING
Slide 2: Disclaimer
DISCLAIMER TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF This presentation (the "Presentation") contains informationabout ChampionIron Limited ("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 of,
Slide 3: Conference Call Participants
CONFERENCE CALL PARTICIPANTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF DAVID CATAFORD ALEXANDRE BELLEAU MICHAEL MARCOTTE Chief Executive Officer Chief Operating Officer Chief Financial Officer 3
Slide 4: FY2027 First Quarter Highlights
FY2027 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF 3,939,400 WMT $83.7/DMT SOLD $356.9M $252.5M CONCENTRATE PRODUCED C1 CASH COST1 REVENUES CASH2 3,339,000 DMT $111.3/DMT SOLD $32.8M $155.3M 3 WORKING CAPITAL CONCENTRATE SOLD 1 ALL-IN SUSTAINING COST EBITDA1 $1,263.7M $(35.2) M SHORT
Slide 5: Industry Overview
INDUSTRY OVERVIEW TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → The P65 iron ore index averaged US$121.9/t during the period, a decrease of 1% quarter-over-quarter, primarily attributable to lower steel output in China amid weaker domestic demand, compressed steel mill profit margins and typical seasonal wea
Slide 6: Operational and Sales Highlights
OPERATIONAL AND SALES HIGHLIGHTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Consolidated quarterly production of3.9Mwmt of high-purity iron ore concentrates, a 15% increase quarter-over-quarter, benefiting from continued operational performance at Bloom Lake, despite the commissioning of the direct reduct
Slide 7: Community, Governance and Sustainability
COMMUNITY, GOVERNANCE AND SUSTAINABILITY TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Engaged with Rana Gruber employees and → Together with our First Nations partner, Innu Takuaikan Uashat representatives of the Norwegian government to mak Mani- utenam(ITUM),received the IndigenousPartnership communicate o
Slide 8: Segmented Results
SEGMENTED RESULTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
Slide 9: Bloom Lake Mine Operating Results
BLOOM LAKE MINE OPERATING RESULTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Quarterly iron ore concentrate production of3.5Mwmt (3.4Mdmt) IRON ORE CONCENTRATE IRON ORE CONCENTRATE and sales of 3.1Mdmt PRODUCED (M WMT) SOLD (M DMT) High-purity hematite DRPF → 0.6Mwmt of iron ore concentrate produced throu
Slide 10: Bloom Lake Mine Financial Results
BLOOM LAKE MINE FINANCIAL RESULTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF 1 TOTAL CASH COST ALL-IN SUSTAINING COST → Mining and processing costs totalled $54.5/dmt produced, an increase ($/DMT SOLD)1 ($/DMT SOLD)1 of 1% year-over-year, mainly driven by higher fuel prices due to the $90 $110 conflict in t
Slide 11: Rana Gruber Results
RANA GRUBER RESULTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF OPERATING RESULTS IRON ORE CONCENTRATE IRON ORE CONCENTRATE → Quarterly iron ore concentrate production of0.4Mwmt, adjusted from the PRODUCED2 (M MT) SOLD2 (M DMT) acquisition date, in line with the nameplate capacity after taking into account H
Slide 12: Consolidated Results
CONSOLIDATED RESULTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
Slide 13: Average Realized Selling Price
AVERAGE REALIZED SELLING PRICE TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Q1/FY27 gross average realized selling price1 of US$115.2/t, lower than the P65 index average during the period of US$121.9/t, negatively impacted by several factors, including: ▪ 2.1Mdmt of sales that remained subject to pricing ad
Slide 14: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Quarterly revenues of $356.9M, EBITDA1 of $32.8M, net loss of $(41.5)M and EPS of $(0.07) REVENUES → Financial results were negatively impacted by the timing of vessel shipments at Bloom Lake ($M) $600 and Rana Gruber and lower n
Slide 15: Cash Change Details
CASH CHANGE DETAILS TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → Cash of $198.6M, excluding restricted cash of $53.8M1 → Cash decreased by $98.2M quarter-over-quarter, negatively impacted by the acquisition of Rana Gruber, partially offset by positive net cash flows from financing activities, including a ne
Slide 16: Balance Sheet and Liquidity Position
BALANCE SHEET AND LIQUIDITY POSITION TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF BALANCE SHEET LIQUIDITY POSITION $198.6M Cash Debt net of cash of $ 856.0M(including $53.8M Cash in Kami Iron Mine Partnership1 working capital and restricted cash1) $155.3M Working capital2 $1,263.7M Short-term & Long-term debt
Slide 17: Growth & Development
TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF GROWTH & DEVELOPMENT TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
Slide 18: DRPF Project Update
DRPF PROJECT UPDATE TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF → The DRPF Project was completed within the recently estimated $500M budget and is expected to gradually increase its cadence to reach commercial production toward the end of the Company's current financial year → In tandem with the commissionin
Slide 19: Upholding Our Values for a Sustainable Future
THANK YOU TO OUR STAFF TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF UPHOLDING OUR VALUES FOR A SUSTAINABLE FUTURE TRANSPARENCY RESPECT INGENUITY PRIDE 19
Slide 20: Thank You!
THANK YOU! TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF Contact us for more information: Michael Marcotte, Chief Financial Officer info@championiron.com +1 514-316-4858