Igo Limited · ASX:IGO
Igo — H1 2025 Earnings Presentation
13 slides from Igo's earnings presentation, Feb 20, 2025
Slide 1: 1H25 Results Presentation
1H25 Results Presentation IGO Limited Page 1 IGO Limited | 20 February 2025
Slide 2: Safety
Safety Continued focus on safety initiatives are delivering improvements in performance and safety culture Stable TRIFR, slight reduction to 11.3 (1H24: 12.0) Continued lift in leading indicators Key Initiatives • Embedding Visual Safety Leadership Interaction Program • Critical Risk Management • I-
Slide 3: 1H25 Results Summary
1H25 Results Summary Implementation of new strategy and disciplined decision making delivering a refocused business FINANCIAL RESULTS OPERATIONAL SUMMARY Strong production and margins despite subdued price environment Greenbushes 1H25 EBITDA $592M (100% basis) Net loss of $782M, including shar
Slide 4: 1H25 Financial Results Summary
1H25 Financial Results Summary Kwinana and Nova challenges impacted Group financial results despite strong performance from Greenbushes Units 1H25 1H24 Total Revenue A$M 284 438 Share of Net Profit/(Loss) of TLEA A$M (602) 495 Underlying EBITDA1 A$M (82) 515 Net Profit/(Loss) After Tax A$M (782) 288
Slide 5: Cash Flow
Cash Flow Strong balance sheet position with $247M cash and $720M undrawn debt facilities available A$M 600 12 7 68 39 500 6 37 12 400 197 300 468 5 200 247 100 - Cash at Nova Forrestania Cosmos Exploration, Redundancy & Corporate & Lease Dividend Other Non- Cash at 31 30 June 2024 FCF FCF FCF Evalu
Slide 6: Greenbushes
Greenbushes Delivering margins through the cycle while remaining focused on optimisation and growth Solid 1H25 performance generating strong margin and cash flow 100% basis Units 1H25 1H24 % change Spodumene production t 798,435 771,406 ▲4% Lower realised spodumene prices in 1H25 impacted results Sa
Slide 7: Kwinana
Kwinana Working with Tianqi Lithium Corporation to address operational underperformance Despite modest uplift in production performance, the ramp up of LHP1 100% basis remains challenging from both an operational and commercial (IGO holds 49%) Units 1H25 1H24 % change perspective Lithium hydroxide p
Slide 8: Nova
Nova Continuing to generate free cash flow despite technical and operational challenges 1H25 production performance reflected increasing complexity as Nova Units 1H25 1H24 % change approaches end of mine life Nickel production t 7,085 9,876 ▼28% Underlying free cash flow generation of $68M Copper pr
Slide 9: Guidance
Guidance No change to key guided metrics; Kwinana guidance published Units 1H25 Actual FY25 Guidance Comments Greenbushes Spodumene Production Kt 798 1,350 - 1,550 No change Cash Costs (Production) A$/t 300 320 – 380 No change Capex A$M 351 850 - 950 No change Kwinana Lithium Hydroxide Production t
Slide 10: Outlook and Priorities
Outlook and Priorities We have a clear view of the initiatives we need to deliver in 2025 Production tracking to top end of guidance, costs at lower end Greenbushes CGP3 expansion remains on track for commissioning in 2Q26 Supporting Talison as they work through a detailed life of mine optimis
Slide 11: Contact
Contact Investors & Media Richard Glass Head of Corporate Affairs & Investor Relations T:+61 8 9238 8300 E: Richard.glass@igo.com.au IGO Limited | 1H25 Half Year Results
Slide 12: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN Competent Persons' Statements included in periodic and• Lithium cash costs (production) are reporting inclusive of mining, 46 092 786 304). It should not be considered as an offer or continuous discl
Slide 13: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology amazing things happen. are enabling the full potential of renewable energy to be realised, by allowing energy produced from the Where technology opens up new horizons and clean sun, wind and other