Nickel Industries Limited · ASX:NIC
Nickel Industries — Q1 2024 Earnings Presentation
9 slides from Nickel Industries's earnings presentation, Jul 31, 2024
Slide 1: Quarterly Activities Presentation
Nickel Industries Limited (ASX:NIC) Quarterly Activities Presentation For the period ended 30 June 2024
Slide 2: Safety and Sustainability
Safety and Sustainability ▪ No LTIs recorded during the quarter against 2.18 million work hours registered ▪ Company-wide 12-month rolling total recordable injury rate (TRIR) as at the end of June 2024 was 1.89 ▪ Released 2023 Sustainability Report showcasing the Company’s commitment to playing a le
Slide 3: June quarter review
June quarter review US$79.5M EBITDA from operations despite challenging wet season ▪ RKEF nickel metal production of 31,975 tonnes (100% basis) – 0.4% higher than March quarter (31,840 tonnes) ▪ RKEF EBITDA of US$41.8M – 13.3% lower than March quarter (US$48.2M) due to lower tonnes sold (down 1.5% f
Slide 4: Stable RKEF production continues across our operations
Stable RKEF production continues across our operations ▪ RKEF quarterly production of 31,975 tonnes of nickel metal (+0.4% March quarter) ▪ Additionally, 1,997 tonnes of MHP from HNC, representing NIC’s 10% attributable share of production 4
Slide 5: NPI pricing
NPI pricing ▪ Realised contract pricing increased 2.8% from the March quarter as NPI prices recovered from recent lows 5
Slide 6: ENC construction progress
ENC construction progress ▪ Earthworks and footings are now largely complete with concrete pouring to commence shortly ▪ Long lead items and critical process equipment continue to be sourced and fabricated in China ahead of delivery to the IMIP ▪ Completion of office and staff facilities ▪ The Compa
Slide 7: Hengjaya Mine – stronger performance despite challenging rainfall
Hengjaya Mine – stronger performance despite challenging rainfall Production summary March quarter 2024 June quarter 2024 Saprolite mined wmt 1,026,910 879,280 Limonite mined wmt 2,087,865 2,090,072 Nickel ore mined wmt 3,114,775 2,969,352 Overburden mined BCM(1) 385,378 370.204 Strip ratio BCM/wmt
Slide 8: Corporate
Corporate Increase equity interest in ENC HPAL Project to 44% ▪ Additional 30.25% interest secured through two cash payments of US$316.3M and US$379.5M (US$695.8M in total) to acquire shares in the Singaporean incorporated holding company, Excelsior International Investment Pte. Ltd, the ultimate ow
Slide 9: Further information
Further information Justin Werner Cameron Peacock Managing Director Investor Relations and Business Development jwerner@nickelindustries.com cpeacock@nickelindustries.com 9