Nickel Industries Limited · ASX:NIC
Nickel Industries — H1 2022 Earnings Presentation
12 slides from Nickel Industries's earnings presentation, Aug 31, 2022
Slide 1: Building a Nickel Empire – 1H 2022 Results Presentation
BUILDING A NICKEL EMPIRE Results Presentation 1H 2022 Rapidly expanding RKEF and Mine operations deliver record half year result 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (‘NIC’). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The in
Slide 3: 1H 2021 Review – a record half operationally and financially
1H 2021 Review – a record half operationally and financially 2 Gross Profit of US$161.2M 26,733 tonnes Ni production Mine production of >2.3M wmt Completion of US$212M capital raising Operating Profit of US$140.1M Attributable Ni production of HM EBITDA of US$27.6M 21,386 tonnes Succ
Slide 4: 1H 2022 summary
1H 2022 summary All figures in US$M HY 2022 HY 2021 Record 1H financial performance underpinned by: o Strong and consistent RKEF production from HNI and RNI Sales Revenue $515.0 $288.7 78% o Commissioning and ramp-up of ANI Gross Profit $161.2 $93.4 73% o Higher realised NPI prices o Strong EBITDA
Slide 5: Balance Sheet – conservatively structured with significant flexibility for the future
Balance Sheet – conservatively structured with significant flexibility for the future 30 June 31 December All figures in US$M Strong operational performance has underpinned the 2022 2021 maintenance of a robust balance sheet. Current Assets $518.8 $385.2 As at 30 June 2022: o Cash US$97.9M / (De
Slide 6: RKEF operations deliver a record half year result
RKEF operations deliver a record half year result EBITDA figures in US$M EBITDA margins in US$/t 1H 2022 1H 2021 Hengjaya Nickel Production (Ni tonnes) 9,509 10,073 (5.6%) HNI and RNI production slightly down on pcp due to: o Marginally lower NPI grades Ranger Nickel Production (Ni tonnes) 9,758 1
Slide 7: 1H 2022 - RKEF operating performance
1H 2022 - RKEF operating performance 1H 2022: Record half-year production of 26,733 tonnes Ni production (+32.3% from pcp) including 7,466 tonnes Ni production from ANI. 26,733 tonnes ANI production to increase materially in 2H 2022 with the Project’s designated power plant coming online in July
Slide 8: Realised contract pricing (US$/t)
Record HY RKEF EBITDA driven by higher tonnes sold, higher realised prices and expanded margins 1H 2022 RKEF revenue and realised contract prices Quarterly RKEF revenue (US$M) RKEF EBITDA Realised contract pricing (US$/t) 21,000 19,943 350 19,368 19,000 315.4 300 Realised contract pricing (US$/t) 17
Slide 9: China NPI Price v NPI Contract Prices
Record quarterly RKEF EBITDA driven by significantly higher nickel tonnes sold China NPI Price (8%-12%) v NPI Contract Prices China NPI Price (8%-12%) from SMM Combined HNI, RNI and ANI contract prices 26,000 24,000 22,000 US$/tonne 20,000 18,000 16,000 14,000 1/01/22 1/02/22 1/03/22 1/04/22 1/05/22
Slide 10: A record half year of production at Hengjaya Mine
A record half year of production at Hengjaya Mine Production summary March Quarter June Quarter Saprolite mined wmt 810,324 792,630 Limonite mined wmt 263,201 520,862 Nickel ore mined 1,073,525 1,313,492 Overburden mined BCM1 936,648 826,553 Strip ratio2 BCM/wmt 0.87 0.63 Saprolite Tonnes sold wmt 7
Slide 11: 1H Highlights
1H Highlights Equity capital raising Completion of Institutional Placement raising ~ A$148M (US$106M) at A$1.37 per share strongly supported by both new and existing shareholders. Placement of 108.1M shares to Shanghai Decent at A$1.37 per share (US$106M) following FIRB approval and approved by
Slide 12: Thank You
THANK YOU 11