Slide 1: 4Q24 Results Presentation
4Q24 Results Presentation IGO Limited 30 July 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 2: Safety
Safety Consistent improvement in safety performance over the last two years Lag Safety Performance1 10 20.2 22 9 17.7 16.5 16.0 8 17 TRIFR performance improved to 10.4 (from 12.1 at 31 7 12.7 12.0 12.1 March 2024)1 6 10.4 12 5 4 7 3 2 2 1 0 -3 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 TRI's TRIFR 900
Slide 3: Greenbushes
Greenbushes Production and costs finish FY24 within guidance FY24 100% basis Units 4Q241 3Q241 QoQ FY241 Guidance3 4Q24 production and costs benefited from ramp up of Spodumene kt 332 280 ▲19% 1,383 1,300 – 1,400 processing activity Production Spodumene Sales kt 530 183 ▲190% 1,380 Not guided FY24 E
Slide 4: Kwinana Refinery
Kwinana Refinery Production volume and operating reliability improved from Train 1 39% QoQ improvement in quarterly production of 1,331t (3Q24: 954t) Improved QoQ EBITDA resulted from favourable NRV and stockpile adjustments Rectification works during major shut down planned for 2Q25 expected to del
Slide 5: Nova
Nova Stronger quarterly performance driven by higher grades and improved mill performance FY24 Units 4Q241 3Q241 QoQ FY241 Guidance3 Recovery in grade and mill Nickel Production t 6,348 4,583 ▲39% 20,806 21,000 – 22,000 performance in 4Q24 after a challenging prior quarter Copper Production t 3,046
Slide 6: Forrestania
Forrestania June quarter challenged by operational challenges impacting ore availability FY24 Units 4Q241 3Q241 QoQ FY241 Continued seismic activity challenged Guidance3 ore availability during the quarter Nickel Production t 1,252 1,944 ▼36% 7,571 7,500 – 9,000 Full year production within guidance,
Slide 7: Exploration
Exploration Optimising our portfolio and capability through a detailed business review FY25 Outlook • FY25 Exploration Budget: $50M – $60M • Rationalisation of portfolio and refocus of IGO’s strong capability • Ramp down of some activity post current field season • Focus remains on lithium, copper a
Slide 8: Outlook
Outlook FY25 Guidance Units FY24 Actual FY25 Guidance Greenbushes Spodumene Production Kt 1,383 1,350 – 1,550 Cash Cost (production) A$/t 330 320 – 380 Development, Sustaining, Improvement & Deferred Waste Capex A$M 832 850 – 950 Nova Nickel in concentrate t 20,806 16,000 – 18,000 Copper in concentr
Slide 9: 4Q24 Financial Results
4Q24 Financial Results Continued FCF from lithium business; IGO finishes FY24 with a strong balance sheet Units 4Q241 3Q241 QoQ FY241 $159M dividend received from TLEA during June, bringing FY24 total dividends to $761M Sales Revenue A$M 235 161 ▲46% 823 $201M underlying free cash flow reflects Shar
Slide 10: Summary
Summary IGO positioned strongly to deliver value into FY25 Safety & Sustainability Greenbushes Kwinana Nickel Business Preparing for growth • Maintaining strong • Greenbushes back at • Production reliability • Maximising cash flows • Reshaping our business momentum toward full production rate steadi
Slide 11: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) the necessary infrastructure. Where such a reference is made, • Lithium cash costs reported as COGS (cash costs of goods (ABN 46 092 786 304). It should not be considered as an offer it should be read sub
Slide 12: 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