Igo Limited · ASX:IGO
Igo — Q3 FY2025 Earnings Presentation
13 slides from Igo's earnings presentation, Apr 30, 2025
Slide 1: 3Q25 Results Presentation
3Q25 Results Presentation IGO Limited IGO Limited | 30 April 2025 Page 1
Slide 2: Results summary
Results summary Solid operational result at Greenbushes and Nova, dividend paid from Greenbushes to JV partners TRIFR of 10.6, 60 days of zero recordable injuries February to April Safety ‘Taking Control of My Safety’ program launched to build awareness of how attitudes drive safety behaviours
Slide 3: Greenbushes
Greenbushes Operational improvements underway, strong EBITDA margin, CGP3 on track, dividend paid to JV shareholders Lower quarterly production in line with plan, continuing to generate strong 100% basis Units 3Q25 2Q25 % change margin (68% EBITDA margin FY25 YTD) (IGO holds 24.9%) Spodumene product
Slide 4: Greenbushes optimisation
Greenbushes optimisation Detailed program of work to deliver full value potential of the asset Phase 1: Understand the upside Phase 2: Develop pathway to deliver full value Scheduling Equipment and Operational Plant Strategic options review Design Management Reliability Preliminary modelling Block m
Slide 5: What is Greenbushes full potential?
What is Greenbushes full potential? Strong margins through the cycle Revenue Greenbushes Cash Margin1 (at 1.5mtpa) A$M 3,500 2024 results2 delivered in subdued market 3,000 • Operating cash flow Cash margin $1.52bn 2024 average (before sustaining capital) 2,500 realised price • Dividends distributed
Slide 6: Kwinana
Kwinana Working with Tianqi Lithium Corporation to address operational underperformance 100% basis All work ceased on LHP2 from January, discussions with TLEA for Units 3Q25 2Q25 % change (IGO holds 49%) pathway for LHP1 ongoing Lithium hydroxide production t 1,562 1,593 ▼2% Lithium hydroxide sales
Slide 7: Nova
Nova Improved performance Improved production from initiatives to lift mining volumes, grade performance and plant availability. Higher mined grades due to mine Units 3Q25 2Q25 % change sequence and stoping areas Unit cash costs lower due to higher production Nickel production t 4,179 3,393 ▲23% Inc
Slide 8: Battery minerals exploration
Battery minerals exploration New exploration business model delivered, retain strong conviction Exploration expenditure $35 – $40M in FY26 Cu Ni Copper Nickel Open to Large-scale Prospective targets Value focus partnerships tenement holding Safe and stable jurisdictions Technical expertise Clear tec
Slide 9: Financial results
Financial results Positive underlying free cash flow despite soft price environment, strong balance sheet Units 3Q25 2Q25 QoQ FY25 YTD Sales Revenue A$M 111 132 ▼16% 386 Share of Net Profit/(Loss) of TLEA A$M 18 (639) n/a (584) Underlying EBITDA1 A$M 34 (79) n/a (48) Underlying Free Cash Flow2 A$M 4
Slide 10: Summary
Summary Disciplined decisions delivering refocused business Greenbushes is a world class asset with further upside Nova delivering positive cash flows to end of life Management team highly skilled and aligned on purpose and strategy IGO Limited | Strategy Update Page 10
Slide 11: 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 12: Contact
Contact Investors & Media Shaan Beccarelli Head of Corporate Affairs & Investor Relations T:+61 8 9238 8300 E: investor.relations@igo.com.au Authorised for release to the ASX by Managing Director and CEO, Ivan Vella.
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