Slide 1: 3Q24 Results Presentation
3Q24 Results Presentation IGO Limited 30 April 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 2: Safety
Safety Improving safety performance remains our highest priority Lag Safety Performance1 10 20.2 22 9 17.7 16.5 16.0 8 17 TRIFR performance remains steady at 12.1 (from 12.0 at 31 7 12.7 12.0 12.1 December 2023)1 6 5 12 4 7 3 2 2 1 0 -3 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 TRI's TRIFR 900 Lead Safety
Slide 3: Lithium Business
Lithium Business TLEA Joint Venture (IGO: 49% / Tianqi Lithium Corporation: 51%) IGO Limited | 3Q24 Results Page 3
Slide 4: Greenbushes
Greenbushes Lower QoQ production and sales, driven by reduced offtake nominations 100% basis Units 3Q241 2Q241 QoQ YTD1 YTD Guidance3 Lower QoQ production, as expected, driven by lower product nominations Spodumene kt 280 358 ▼22% 1,051 975 – 1,050 Production Spodumene Sales kt 183 275 ▼34% 850 Not
Slide 5: Kwinana Refinery
Kwinana Refinery Train 1 production rates show encouraging trends, although still below nameplate Train 1 Quarterly production of 954t was a 55% improvement QoQ (2Q24: 617t) During the quarter, production improved month on month, with a clear improvement in asset reliability and operating control de
Slide 6: Nickel Business
Nickel Business IGO Limited | 3Q24 Results Page 6
Slide 7: Cosmos
Cosmos Focused on a safe transition to care and maintenance Work commenced to transition the site into care and maintenance, prioritising our people and the preservation of assets New study is expected to begin in 4Q24 Total costs incurred for the Quarter were $61M, comprising $52M operating expendi
Slide 8: Nova
Nova Short term operational issues impacting production, but margins remain robust Units 3Q241 2Q241 QoQ YTD1 YTD Guidance3 Weaker production due to poor Nickel Production t 4,583 5,110 ▼10% 14,458 15,750 – 16,500 weather which extended a mill shutdown and unplanned maintenance Copper Production t 2
Slide 9: Forrestania
Forrestania Cashflow and EBITDA positive towards end of mine life YTD Lower production driven by transition Units 3Q241 2Q241 QoQ YTD1 Guidance3 to campaign milling post the Flying Fox mine closure, partially offset by higher feed grades and recoveries Nickel Production t 1,944 2,007 ▼3% 6,318 5,625
Slide 10: Exploration
Exploration IGO Limited | 3Q24 Results Page 10
Slide 11: Exploration
Exploration Optimising and refocusing our exploration strategy Capability • Experienced and dedicated team, with great technical and geoscience capability Portfolio Quality • Belt scale landholdings with huge potential for discovery Key commodities • Focus on commodities critical to the energy trans
Slide 12: Financial Results
Financial Results Kathleen Bozanic – Chief Financial Officer IGO Limited | 3Q24 Results Page 12
Slide 13: 3Q24 Financial Results
3Q24 Financial Results IGO is in a solid position, with a robust cash position and no debt Units 3Q241 2Q241 QoQ YTD1 Softer revenue due to lower sales volumes at Nova and Forrestania Sales Revenue A$M 161 179 ▼10% 588 EBITDA loss driven by a decrease in Share of Net Profit of TLEA A$M (10) 167 ▼106
Slide 14: Cash Reconciliation
Cash Reconciliation Strong balance sheet maintained with $276M cash, no debt CASH – QoQ Movement1 1. Figures may not sum due to rounding IGO Limited | 3Q24 Results Page 14
Slide 15: Outlook and Summary
Outlook and Summary Ivan Vella – Managing Director & CEO IGO Limited | 3Q24 Results Page 15
Slide 16: Outlook
Outlook Clear focus on high impact drivers to deliver value Safety Greenbushes Kwinana Nickel Business Growth • Prioritising the • Drive asset reliability • Ongoing work to • Maximise productivity • Complete Exploration improvement in safety and operating control collaborate with our and cash genera
Slide 17: Summary
Summary IGO is in a great position, supported by a strong balance sheet Platform Financial strength with cash of $276M and no debt Exposure to Greenbushes Lithium Mine People & Culture Unique culture and an outstanding team Purpose & Strategy IGO remains a purpose driven organisation, and is progres
Slide 18: 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 19: 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