Nickel Industries Limited · ASX:NIC
Nickel Industries — Q1 2022 Earnings Presentation
14 slides from Nickel Industries's earnings presentation, Mar 31, 2022
Slide 1: Building a Nickel Empire – Quarterly Activities Presentation
BUILDING A NICKEL EMPIRE QUARTERLY ACTIVITIES PRESENTATION FOR THE PERIOD ENDED 31 March 2022 Margin expansion drives record US$81.7M EBITDA from operations 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Mines 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 informa
Slide 3: March quarter review
March quarter review Margin expansion drives record US$81.7M EBITDA from operations ❑ 11,166 tonnes Ni metal (100% basis) – Combined 10,089 tonnes from HNI and RNI (34.5% above nameplate capacity) – Inclusive of 1,077 tonnes from ANI ❑ Record RKEF EBITDA of US$72.8M – includes a US$1.7M EBITDA-level
Slide 4: March quarter summary
March quarter summary December quarter March quarter tonnes Gross Ni metal production (100% basis) 10,087 11,166 10.7% NIC attributable Ni metal production tonnes 8,069 8,933 10.7% Realised NPI price $/t Ni 18,545 19,368 4.4% US$M Sales revenue (100% basis) 187.1 195.4 4.4% US$M RKEF EBITDA (100% ba
Slide 5: RKEF monthly operating performance
RKEF monthly operating performance ^ 15.0kt pa / 1,250t pm (design capacity at HNI/RNI) 1,250^ ❑ Another quarter of consistent RKEF NPI production from HNI and RNI of 10,089 tonnes (100% basis), plus maiden production of 1,077 tonnes (100% basis) from ANI. March quarter ❑ NIC attributable production
Slide 6: Strong and consistent EBITDA per tonne of Ni sold
Strong and consistent EBITDA per tonne of Ni sold Current quarterly profile set to more than triple over the next 12 months with the additions of the Angel Nickel and Oracle Nickel projects which are both 20% larger in size than current operations. ❑ Record EBITDA margins above US$7,300/t reflect th
Slide 7: Strong and consistent EBITDA margins
Strong and consistent EBITDA margins 6
Slide 8: Excellent EBITDA to cashflow conversion
Excellent EBITDA to cashflow conversion 7
Slide 9: Angel Nickel Project – commissioning commenced
Angel Nickel Project – commissioning commenced Maiden NPI tap in January 2022 ... another 2 lines commissioned across February and March ❑ Maiden ‘NPI tap’ on 25 January 2022. ❑ 3 lines now commissioning with 4th line to scheduled to commence commissioning in mid-May. – Line 1: currently operating a
Slide 10: Oracle Nickel – project update
Oracle Nickel – project update Excellent progress across numerous project workstreams ❑ Excellent progress is being made across the project workstreams, with all earthworks and plant footings complete, and erection of the first rotary dryers having commenced. ❑ Cumulative completion of the RKEF line
Slide 11: Corporate
Corporate 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. ❑ Conditional Placement to Shanghai Decent of US$106M (also at A$1.37 per share) pending shareholder approval (FIRB approv
Slide 12: ANI and ONI expected to be transformative to NIC's production and financial profile
ANI and ONI expected to be transformative to NIC’s production and financial profile Consolidated production (100% basis) Existing operations demonstrate consistent 140,000 12 RKEF lines performance of 30%+ above nameplate Ni Eq production (tpa)(3) capacity 120,000 ? 100,000 8 RKEF lines ANI and ONI
Slide 13: Why invest now?
Why invest now? Production and EBITDA profile to grow >3x over the next 12 months as 2 new projects come online A compelling growth profile An attractive valuation entry point Growth that does not rely on Unrivalled growth delivered through increasing production and strong, stable ‘industrial’ style
Slide 14: Thank you
NICKEL MINES LIMITED