Nickel Industries Limited · ASX:NIC
Nickel Industries — Q1 2025 Earnings Presentation
9 slides from Nickel Industries's earnings presentation, Apr 29, 2025
Slide 1: Quarterly Activities Presentation
Nickel Industries Limited (ASX:NIC) Quarterly Activities Presentation For the period ended 31 March 2025
Slide 2: Safety and Sustainability
Safety and Sustainability ▪ The Company-wide 12-month lost time injury frequency rate (LTIFR) as at end of March 2025, was 0.05, with no lost time injuries (LTI) recorded during the quarter, against 4.8 million work hours registered. For the twelve months to 31 March 2025, there were 18.3 million wo
Slide 3: March quarter review
March quarter review US$97.3M Adjusted EBITDA from Operations ▪ RKEF nickel metal production of 31,793 tonnes – 3.0% lower than December quarter (32,784 tonnes) due a temporary halt in operations at ONI resulting from localised flooding from heavy rainfalls ▪ RKEF Adjusted EBITDA of US$44.3m – 5.0%
Slide 4: RKEF operations
RKEF operations (1) ▪ RKEF production decreased 3.0% driven by a Production Units Q4 2024 Q1 2025 Variance temporary halt of operations at the Company’s ONI RKEF operations to reduce the risk of potential NPI production tonnes 273,600 262,530 (4%) contamination from flood to the electrode and shell
Slide 5: HPAL operations
HPAL operations (1) ▪ HNC produced 21,184 tonnes of nickel and 1,922 Key reporting metrics Units Q4 2024 Q1 2025 Variance tonnes of cobalt, outperforming HNC’s nameplate capacity by 41% Ni tonnes 2,099 2,118 1% Attributable production Co tonnes 200 192 (4%) ▪ Combined operating cash costs decreased
Slide 6: ENC construction – on track for commissioning in early Q3
ENC construction – on track for commissioning in early Q3 ▪ Thickeners, counter-current decantation, storage tanks, and reactors progressed towards completion ▪ Sulphur incineration plant, absorption towers and associated power generation infrastructure are under construction, and two of the three H
Slide 7: Mining operations
Mining operations (1) Production Units Q4 2024 Q1 2025 Var (%) ▪ Production decreased 21% whilst sales increased 2% Saprolite production wmt 1,642,118 923,500 (44%) ▪ Saprolite production decreased 44% due to Limonite production wmt 5,552,084 4,725,414 (15%) underperformance by the saprolite mining
Slide 8: Corporate highlights
Corporate highlights ▪ Declaration of a A$1.5c per share Final Dividend and Dividend Reinvestment Plan ▪ Angel Nickel received US$36.4m of VAT refunds for 2022. The remaining RKEF VAT balance of ~US$110m is expected to be received over the next 12 months ▪ Hengjaya Mine awarded third consecutive Gre
Slide 9: Further information
Further information Justin Werner Cameron Peacock Managing Director Investor Relations and Business Development jwerner@nickelindustries.com cpeacock@nickelindustries.com 9