Igo Limited · ASX:IGO
Igo — 2020 Diggers and Dealers Mining Forum
31 slides from Igo's conference presentation, Oct 14, 2020
Slide 1: IGO Limited 2020 Diggers and Dealers Mining Forum
For personal use only IGO Limited 2020 Diggers and Dealers Mining Forum Peter Bradford – Managing Director & CEO
Slide 2: Laser focus on value
Laser focus on value For personal use only Great people High margin assets Our strategic focus Commitment to discovery FY20 recap Strong balance sheet What to expect in FY21 Well developed ESG culture 2
Slide 3: Our strategic focus
For personal use only Our strategic focus 3
Slide 4: Our success is attributable to our culture and our people
Our success is attributable to our culture and our people For personal use only “Our people are bold, passionate, fearless and fun – a smarter, kinder, more innovative team” 4
Slide 5: High margin, high quality assets aligned to clean energy
High margin, high quality assets aligned to clean energy For personal use only Globally Relevant Quality Products Vertically Integrated Proactively Green 5
Slide 6: For personal use only
For personal use only 1) Source: India Gate, New Delhi, India, Intelligent Living
Slide 7: Primary focus is nickel and copper
Primary focus is nickel and copper For personal use only High margin assets with Metals critical to Solid ESG credentials scale and long mine life enabling green energy 7
Slide 8: EV demand has significant implications for nickel demand
EV demand has significant implications for nickel demand For personal use only Tesla’s focus on nickel is clear Class 1 Nickel Supply and Demand Outlook2 kt “Technically, our cells should be called nickel- 2,500 graphite, because the primary constituent in the cell as a whole is nickel.” 2,000 “Tesl
Slide 9: FY20 Recap
For personal use only FY20 Recap 9
Slide 10: FY20 was a highly successful year
FY20 was a highly successful year For personal use only Effectively operated throughout a Operational performance met and challenging period exceeded our expectations Delivered outstanding financial Matured our exploration portfolio performance toward discovery Completed key growth projects Continue
Slide 11: Safely and effectively operated through a challenging period
FY19 and 4Q19 Highlights Safely and effectively operated through a challenging period For personal use only Safeguarding the welfare of our people Protecting our communities Ensuring business continuity 11
Slide 12: Achieved excellent operational performance from Nova
FY19 and 4Q19 Highlights Achieved excellent operational performance from Nova For personal use only Quarterly Production & Cash Costs Production at Nova exceeded guidance for Tonnes Cash Cost all metals 9,000 $4.50 8,000 $4.00 Nickel Production Copper Production 7,000 $3.50 30,436t 13,772t 6,000 $3.
Slide 13: High margin gold production from Tropicana
High margin gold production from Tropicana For personal use only Tropicana delivered within FY20 guidance Gold Sold (IGO 30%) 141,169oz All In Sustaining Cost (AISC) A$1,171/oz EBITDA Margin 60% 13
Slide 14: Boston Shaker underground successfully completed
Boston Shaker underground successfully completed For personal use only Commercial production commenced on time and on budget in September 2020 14 14
Slide 15: Delivered record financial performance
FY19 and 4Q19 Highlights Delivered record financial performance For personal use only FY20 Financial Results Underlying Free Cash Flow2 (A$M) 400 Record Revenue1 278 311 A$892M 200 138 Record NPAT 0 A$155M -113 -200 -142 FY16 FY17 FY18 FY19 FY20 Record Underlying Free Cash Flow2 Net Cash (A$M) A$311
Slide 16: Delivered record cash returns to shareholders
FY19 and 4Q19 Highlights Delivered record cash returns to shareholders For personal use only Dividend History (cents per share) Dividend Free Cash (cents) Flow (A$M) 14 350 12 289 282 300 10 250 8 5 200 172 6 8 150 4 100 6 2 2 50 2 0 1 0 FY18 FY19 FY20 Interim Dividend Final Dividend Free Cash Flow
Slide 17: Matured our exploration portfolio toward discovery
Matured our exploration portfolio toward discovery For personal use only 17
Slide 18: Retained our focus on our people
Retained our focus on our people For personal use only 2020 Graduate Program 12 participants 9 disciplines High levels of engagement and alignment to IGO’s values Great culture 18
Slide 19: Retained our focus on the environment & sustainability
Retained our focus on the environment & sustainability For personal use only Proactively Green Nova Solar Farm commissioned Commitment to best in class reporting 19
Slide 20: We are walking the talk on our commitment to 'clean mining'
We are walking the talk on our commitment to ‘clean mining’ For personal use only Carbon Intensity of Nickel Operations1 PT Aneka Tambang PT Vale Indonesia Glencore (global nickel assets) Cleanteq Sunrise BHP Nickel West Eagle mine Vale Canada* IGO Limited - Nova Nickel 0 10 20 30 40 50 tCO2e/t Ni S
Slide 21: What to watch for in FY21
For personal use only What to watch for in FY21 21
Slide 22: Optimising Nova to improve safety, productivity and cost
Optimising Nova to improve safety, productivity and cost For personal use only Continuing focus on Safety Improvement Smart Solutions leveraging maximising metallurgical Program the latest technologies recoveries 22
Slide 23: Tropicana Strategic Review to capture value
Tropicana Strategic Review to capture value For personal use only Motivated by conviction that Tropicana is not fully valued in IGO portfolio Initial phase focused on technical review to inform strategy and decision making 23
Slide 24: Delivering organic growth through discovery
Delivering organic growth through discovery For personal use only Focus on discovering deposits with scale and high value ore Terranes and JV’s selected due to potential to host multiple Tier-1 discoveries Energised team, prospective portfolio and financial commitment to drive success 24
Slide 25: Big focus on drilling in close proximity to Nova
Big focus on drilling in close proximity to Nova For personal use only 25
Slide 26: Pipeline of nickel opportunities
Pipeline of nickel opportunities For personal use only Kimberley Project (WA) Raptor Project (NT) Both projects are highly prospective for Nova-like, nickel sulphide discoveries 26
Slide 27: Consolidated land position in the Paterson Province
Consolidated land position in the Paterson Province For personal use only New belt-scale opportunity for IGO Highly prospective for copper-gold discovery IGO holds second largest land package in the region 27
Slide 28: Concluding Comments
Concluding Comments For personal use only Track record of strong operational and financial performance Significant opportunity to generate organic growth through exploration Laser focus on value optimisation for the benefit of shareholders 28
Slide 29: 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
Slide 30: 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 For personal use only as an inducement to make an offer or invitation with
Slide 31: Competent Person's Statements
Competent Person’s Statements • Any references to IGO Mineral Resource and Ore Reserve estimates should be read in conjunction with IGO’s Annual Update of Exploration Results, Mineral Resources and Ore Reserves For personal use only dated 30 January 2020 (Annual Statement) and lodged with the ASX fo