Nickel Asia Corp. · PSE:NIKL
Nickel Asia — Investor Presentation (March 2026)
19 slides from Nickel Asia's investor presentation, March 2026
Slide 1: Nickel Asia Corporation Investor Deck
NICKEL ASIA CORPORATION INVESTOR DECK March 2026
Slide 2: Disclaimer
DISCLAIMER This presentation and the information contained herein as well as the materials distributed herewith ("Presentation") are the sole and exclusive property of Nickel Asia Corporation ("NAC") and shall only be used for the purpose intended herein. This Presentation is not intended to provide
Slide 3: NAC at a Glance
NAC AT A GLANCE • Largest nickel producer in the Philippines and one of the largest in the world • Portfolio includes: • Six (6) operating nickel mines • Gold and copper exploration via Cordillera Exploration Co. Inc. (CEXCI) • Renewable energy assets via Emerging Power Inc. (EPI).
Slide 4: Setting the Standard
SETTING THE STANDARD INSTITUTIONAL & WORKPLACE & RESPONSIBLE MINING SUSTAINABILITY MARKET CULTURE 2025 S&P Global Corporate Sustainability 44 100 Assessment Environmental: 41 Social: 42 Governance: 50 Presidential Mineral Industry GOVERNANCE Environmental Awards: • Cagdianao Mining Corp: 5th PMIEA •
Slide 5: NAC Is a Leading and Stable Mining Business
NAC IS A LEADING AND STABLE MINING BUSINESS Philippines Nickel Mine Production by Operator (kt Ni) Nickel Asia Ore Output Per Mine (mWMT) 455 419 402 19.4 18.8 18.6 17.7 18.2 17.9 358 356 2.2 17.0 339 2.0 1.7 16.5 217 160 1.8 15.9 1.27 141 2.5 2.6 2.8 1.5 3.0 1.4 1.6 2.17 110 94 1.9 3.0 144 2.0 2.1
Slide 6: Reserves and Mine Life
RESERVES AND MINE LIFE • Nickel Asia has the largest nickel reserves and its mines have the longest mine life with an average of 18 years (1) Ore Reserves by Mine (mWMT) Mine Life Proved and Probable (as of Dec. 31, 2025) Years from December 31, 2025 25 123.5 118.7 Average Mine Life: 18 years 18 47.
Slide 7: Renewable Energy Pipeline
RENEWABLE ENERGY PIPELINE PHOTO: 172 MW Solar Farm located in Mt. Sta. Rita situated within the Subic Bay Freeport Zone, Zambales.
Slide 8: EPI's Projected Capacity Buildup of Generation Assets
EPI’S PROJECTED CAPACITY BUILDUP OF GENERATION ASSETS EPI’s gross capacity will reach the following: Gross Capacity, MWp 1,200 • By 2026 it will be 458 MW - • By 2027 it will be 667 MW 1,000 182 332 • PSAs and GEAP participation for offtake. 227 800 150 150 - - 70 Summary 2025 2026 2027 2028 210 600
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 10: Financial Highlights (FY-25 vs FY-24)
FINANCIAL HIGHLIGHTS (FY-25 VS FY-24) Revenue (PHP billions) EBITDA (PHP billions) Attributable Net Income (PHP billions) Sale of ore Services and others 14.3 13.7 7.9 29.0 29.6 6.3 11.0 23.7 22.3 8.8 3.7 3.3* 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 FY2025 Gross Pr
Slide 11: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS in PHP millions 31 Dec 2025 31 Dec 2024 % Change 31 Dec 2025 31 Dec 2024 Assets 70,168 61,651 14% Debt Ratio (1) 0.32x 0.28x Cash and Cash Equivalents 17,574 12,935 36% Trade and Other Receivables 2,382 1,390 71% Debt to Equity Ratio (2) 0.47x 0.39x PPE 33,126 26,429 25% Net
Slide 12: Other Updates
OTHER UPDATES
Slide 13: CEXCI: Gold and Copper Exploration
CEXCI : GOLD AND COPPER EXPLORATION CORDON PROJECT UPDATES • The 2025 drilling campaign consisted of 21 drill holes totaling 7,024 meters across five prospect areas. Results: delineated a mineralized zone approximately 250 x 230 meters at the San Luis prospect. 2026 PLANS: • Jan to April: complete 4
Slide 14: Thank You
THANK YOU. Contact details: invest@nickelasia.com
Slide 15: Appendix
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Slide 16: CapEx Updates
CAPEX UPDATES Mining and RE CapEx & CEXCI Mining Explo Costs, 2026 Forecasted Mining and RE CapEx & CEXCI Mining PhP millions Explo Costs, PhP Millions 10,000 9,318 9,338 6,000 9,000 5,053 8,000 5,000 7,000 4,000 Ee 7,656 7,259 5,000 3,000 4,383 2,735 #008 — 1,937 1,962 3,000 - 2,438 1,000 1,990 7 1
Slide 17: Regulatory Updates
REGULATORY UPDATES RA No. 12253 (Enhanced Fiscal Regime for Large-Scale Metallic Mining Act) was signed on Sept. 4, 2025. The additional taxes will have, approximately, a 3% impact to our consolidated net-income. LEGISLATIVE RA No. 12253 COMMENTS FEATURES Royalty within • Carried over from previous
Slide 18: Dividend Declarations
DIVIDEND DECLARATIONS Dividend Per Amount in Type Share PHP millions 2026 Regular ₱0.14 ₱1,943.4 Regular 0.07 975.2 2025 Special 0.07 975.2 Special 0.04 557.2 Regular 0.08 1,114.5 2024 Special 0.05 696.6 Regular 0.17 2,317.2 2023 Special 0.07 973.3 Regular 0.17 2,317.2 2022 Special 0.05 681.5 Specia
Slide 19: Disclaimer
DISCLAIMER This presentation and the information contained herein as well as the materials distributed herewith ("Presentation") are the sole and exclusive property of Nickel Asia Corporation ("NAC") and shall only be used for the purpose intended herein. This Presentation is not intended to provide