Igo Limited · ASX:IGO
Igo — Euroz Hartleys Institutional Conference 2022
23 slides from Igo's conference presentation, Mar 8, 2022
Slide 1: Presentation to Euroz Hartleys Institutional Conference (ASX Release)
ASX RELEASE 8 March 2022 PRESENTATION TO EUROZ HARTLEYS INSTITUTIONAL CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the materials presented by Managing Director and CEO, Peter Bradford at the Euroz Hartleys Institutional Conference which
Slide 2: IGO Limited Euroz Hartleys Institutional Conference
For personal use only IGO Limited Euroz Hartleys Institutional Conference 8 March 2022
Slide 3: Our Strategy
Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only 2
Slide 4: Our Transformation
Our Transformation We have transformed our business and the way we work For personal use only 1 Transformed Culture 2 Transformed ESG 3 Transformed Outlook Historic and Projected EBITDA (A$M)1 1200 1000 800 600 400 200 0 Long (A$M) Jaguar (A$M) Tropicana (A$M) Nova (A$M) Greenbushes (A$M) Kwinana Hy
Slide 5: Our People & Culture
Our People & Culture Enduring focus on safety, enhancing wellbeing and strengthening our unique culture For personal use only Prioritising safety and wellbeing Focused on attracting, developing and retaining our #1 asset Well prepared for the next phase of COVID-19 in Western Australia 4
Slide 6: Our Sustainability Performance
Our Sustainability Performance Global recognition for our leading sustainability performance and reporting For personal use only Dow Jones Sustainability Australia Index Dow Jones Sustainability Asia Pacific Index S&P Global 2022 Sustainability Yearbook ESG Reporting consistently rated as “Leading”
Slide 7: Our Response to Climate Change
Our Response to Climate Change Aspiration to be carbon neutral by 2035 For personal use only Internal carbon price adopted at A$60/tonne CO2e1 Commitment to understanding Scope 3 emissions Emissions reduction programs underway targeting Scope 1 & 2 emissions Developing a portfolio of carbon removal
Slide 8: Nova Solar Farm
Nova Solar Farm Expanding energy generation and storage capacity For personal use only 10MWh battery energy storage system to complement an expanded Nova Solar Farm Enables Nova to operate 100% on renewables in “engines off” mode for 9 consecutive hours per day during summer and spring IGO expects a
Slide 9: Our Portfolio
Our Portfolio Transformation of our portfolio into a 100% clean energy metals focus For personal use only Group Production and Exploration Portfolio1 Tianqi Lithium JV Tropicana Investment Divestment December 2020 April 2021 Kimberley Acquired a 25% interest Divestment of IGO’s in the Greenbushes 30
Slide 10: Lithium Joint Venture (TLEA)
For personal use only Lithium Joint Venture (TLEA) IGO:49% | Tianqi Lithium Corporation: 51% Kwinana Lithium Hydroxide Refinery 9
Slide 11: Lithium Joint Venture
Lithium Joint Venture World class lithium portfolio with significant brownfields growth opportunities For personal use only Greenbushes CGP2 Kwinana LiOH Plant Greenbushes (IGO: 25%) Kwinana (IGO:49%) World’s lowest cost and highest grade hard Australia’s first fully automated LiOH plant rock lithiu
Slide 12: Lithium Joint Venture
Lithium Joint Venture Excellent progress toward building a globally relevant lithium business For personal use only High levels of collaboration and engagement with lithium joint venture 49% 51% TLEA Multiple expansion projects planned at Greenbushes and Kwinana 49% 51% 100% Strong cash flow generat
Slide 13: Greenbushes
Greenbushes Series of recent catalysts deliver increased value Global Hardrock Lithium Projects1 For personal use only 2.5 Core Lithium 15 1.32 Sigma 52 Resource and Reserve Upgrade 1.43 James Bay Nemaska • 52% increase to Mineral Resource 2.0 40 1.40 56 1.40 • 20% increase in Ore Reserve with the i
Slide 14: Greenbushes
Greenbushes Strong 1H22 operational performance, ahead of expectation For personal use only Metric (100% basis) Units 1H22 Result FY22 Guidance Range1 Spodumene concentrate kt 526 1,100 to 1,250 produced2 A$/t Cost of Goods Sold3 346 350 to 400 sold Sustaining & Improvement Capex A$M 73 250 to 300 E
Slide 15: Greenbushes
Greenbushes Expanding production capacity to meet strong global demand for lithium products Greenbushes Mine For personal use only Spodumene concentrate capacity expansion (Mtpa) (All expansion activity funded internally) CGP1 & Potential commissioning TGP FEED underway 2027 Potential commissioning
Slide 16: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Key milestones since IGO’s involvement For personal use only Train 1 construction completed in 2019, then mothballed until commissioning commenced in mid-2021 Rectification and commissioning commenced in mid-2021 First lithium hydroxide from Train 1 produced in Aug
Slide 17: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Australia’s first fully automated lithium hydroxide refinery For personal use only First battery grade LiOH production expected from Train 1 in March 2022 Qualification of Train I product with offtake customers expected to be completed during 1H23 Partial commitmen
Slide 18: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Potential to expand refining capacity further via two additional trains For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Option to add Train III and IV in the future 24ktpa 96ktpa Construction expected to recommence 24ktpa in 1H23 Currently
Slide 19: Concluding Remarks
For personal use only Concluding Remarks 18
Slide 20: Lithium Joint Venture Catalysts
Lithium Joint Venture Catalysts Focused on delivery of significant brownfields growth opportunities For personal use only Greenbushes CGP2 and TRP ramp up to full production Greenbushes CGP3 construction commencement Kwinana Train 1 commercial production of battery grade lithium hydroxide Kwinana Tr
Slide 21: Concluding Remarks
Concluding Remarks Well positioned to leverage from disruptive transition to clean energy For personal use only Purpose led strategic focus on clean energy metals People centric business delivering a great culture Sustainability embedded into the DNA of the business with proactive response to climat
Slide 22: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as an inducement to make an offer or invitation with respect to those secu
Slide 23: Making a Difference
For personal use only We believe in a world where people power makes amazing things happen. Where technology opens up. new horizons and clean energy makes the planet a better place for every generation to come. We are bold, passionate, fearless and fun - a smarter, kinder, more innovative company. O