Champion Iron Ltd. · ASX:CIA
Champion Iron — Q4 2025 Earnings Presentation
23 slides from Champion Iron's earnings presentation, May 29, 2025
Slide 1: Champion Iron Q4 FY2025 earnings call
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Slide 2: Disclaimer
CHAMPION IRON 24 DISCLAIMER TSX: CIA | ASX: CIA | OTCQX: CIAFF ‘This presentation the “Presentation contains information about Champion iron Limited Champion’ ar the *Company).currant a atthe datehersofor at such earl dates may be specified herein This Presentation does nat constitute or form pat of
Slide 3: Conference Call Participants
CHAMPION IRON 24 CONFERENCE CALL PARTICIPANTS TSK: CIA | ASX: CIA | OTCOX: CIAFF DAVID CATAFORD MICHAEL O'KEEFFE ALEXANDRE BELLEAU DONALD TREMBLAY MICHAEL MARCOTTE Vice-Pr Chief Executive Officer Executive Chairman Chief Operating Officer Chief Financial Officer
Slide 4: FY2025 Fourth Quarter Highlights
FY2025 FOURTH QUARTER HIGHLIGHTS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF aa, bof 3,167,000 WMT CONCENTRATE PRODUCED 3,495,300 DMT CONCENTRATE SOLD 78.3% ORE RECOVERY $80.0/DMT SOLD TOTAL CASH COST! $93.1/DMT SOLD ALL-IN SUSTAINING COST* $425.3M REVENUES $127.4M EBITDA! $39.1M NET INCOME
Slide 5: Community, Governance and Sustainability
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF COMMUNITY, GOVERNANCE AND SUSTAINABILITY > Cultural and local initiatives = Participated in the launch of the Florant Vollant tribute album, presented by Makusham Musique +> Education and Industry Engagement = Advanced and supported future talent d
Slide 6: ESG Disclosure and Performances
ESG DISCLOSURE AND PERFORMANCES CHAMPION IRON 2a > Published the 2025 Sustainability Report, with reference to several Environmental Social and Governance (ESG) disclosure frameworks including GRI, SASB and TCFD! > 2025 results: Successfully met or exceeded 13 out of the 14 sustainability targets se
Slide 7: Operational & Financial Results
OPERATIONAL & FINANCIAL RESULTS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF ~“TiEND UE NUTRE rt R
Slide 8: Operational and Sales Highlights
OPERATIONAL AND SALES HIGHLIGHTS CHAMPION IRON 2a > Quarterly production of 3.2M wmt (3.1M dmt), impacted by scheduled semi-annual maintenance, winter conditions affecting equipment availability and a geological sequence recently encountered which impacted grinding performances +> Record quarterly s
Slide 9: Operations Overview
OPERATIONS OVERVIEW CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Record material mined and hauled in the period, driven by strategic investments in additional mining equipment, and enhanced utilization and availability of the fleet v expected to remain elevated in future periods performance
Slide 10: Industry Overview
INDUSTRY OVERVIEW cHan PION IRON 2 > The P65 iron ore index averaged US$116.9 in the period, a modest quarter-over-quarter decrease of 1.0%, reflecting the ongoing weakness in global steel demand, but supported by an increase in China’s steel output year-over-year > The average quarterly P65 premium
Slide 11: Provisional Price Adjustment
PROVISIONAL PRICE ADJUSTMENT CHAMPION IRON 2a > Realized an average price of US$112.2/t during the quarter for the 1.7M tonnes subject to provisional pricing at the end of Q3/FY25 > 04/FY25 positive provisional pricing adjustment of US$3.7M, representing a positive impact of US$1.1/dmt on the averag
Slide 12: Average Realized Selling Price
AVERAGE REALIZED SELLING PRICE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > 04/FY25 average gross realized price? of US$111.8/t, lower than the P65 index average of US$116.9/t during the period > Average gross realized price negatively impacted by the 2.7 Mt in transit as at March 31, 2025,
Slide 13: Operating Cost Metrics
OPERATING COST METRICS CHAMPION IRON 2a > Mining and processing costs! of $62.0/dmt produced, an increase of 8% year-over-year, mainly driven by higher costs related to scheduled semi-annual maintenance, higher stripping activities and additional maintenance on crushers and grinding circuits that ex
Slide 14: Financial Highlights
FINANCIAL HIGHLIGHTS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Quarterly revenues of $425.3M, EBITDA! of $127.4M and EPS of 0.08 > Financial results positively impacted quarter-over-quarter by several factors, including an increase in sales volumes, lower freight and a weaker Canadian do
Slide 15: Cash Change Details
CASH CHANGE DETAILS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Cash! of $117.5, an increase of $24.4M quarter-over-quarter, despite significant ongoing investments to advance the DRPF project, benefiting from robust cash flows from operations > Sustaining capital expenditures decreased fr
Slide 16: Balance Sheet and Liquidity Position
CHAMPION IRON 24 BALANCE SHEET AND LIQUIDITY POSITION TSX: CIA | ASX: CIA | OTCOX: CIAFF BALANCE SHEET LIQUIDITY POSITION $117.5M Cash and cash equivalents Debt net of cash $303.6M ° $296.9M Working capital? (including working capital) $718.0M Short-term & Long-term debt >] $488.4M Available loans?
Slide 17: Multi-Year Investments Self Funded
CHAMPION IRON 24 MULTI-YEAR INVESTMENTS SELF FUNDED TSX: CIA | ASX: CIA | OTCOX: CIAFF SIGNIFICANT INVESTMENTS AT BLOOM LAKE PRIMARILY FUNDED THROUGH CASH FLOWS FROM OPERATIONS > 2017-2018: Investments to optimize Phase |, resulting in higher CASH SOURCES AND USES SINCE FY2017 (C$M)! production volu
Slide 18: Growth and market update
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Slide 19: Green Steel Supply Chain Solutions
CHAMPION IRON 24 GREEN STEEL SUPPLY CHAIN SOLUTIONS TSX: CIA | ASX: CIA | OTCOX: CIAFF DE-RISKING A VAST PROJECT PORTFOLIO REQUIRED FOR THE LOW EMISSION STEEL SUPPLY CHAIN PRODUCTS OPTIMIZATION MINING VOLUME INCREASE KAMI PROJECT SM WMT/YEAR Advancing the definitive feasibility study, expected by en
Slide 20: DRPF Project Update
DRPF PROJECT UPDATE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Nya DRPF project, upgrading half of Bloom Lake’s nameplate capacity from 66.2% Fe up to 69% Fe, is progressing as planned with commissioning planned to start in December 2025 Quarterly and cumulative investments totalling $51.
Slide 21: Market Update: Looking Beyond Tariffs
CHAMPION IRON 24 MARKET UPDATE: LOOKING BEYOND TARIFFS TSK: CIA | ASX: CIA | OTCOX: CIAFF TARIFFS EFFECT IS MITIGATED FOR CHAMPION IRON SALES MIX Ee > Champion does not have direct sales to the United States and benefits from a global diversified customer mix > Short-term: Tariffs may impact global
Slide 22: Thank You to Our Staff
THANK YOU TO OUR STAFF CHAMPION IRON 2a UPHOLDING VALUES FOR A SUSTAINABLE FUTURE \ Mil TRANSPARENCY RESPECT INGENUITY PRIDE 22
Slide 23: Thank You!
THANK YOU! CHAMPION IRON 24 aes FE fact | us for more information: * lb »Michael Marcotte, Senior Vice-President - Corporate Development and Capital Markets . a ———e -com 514-316-4858 — es | a gia bs fa ‘ > — .