Slide 1: Webcast Presentation — Q4, 2022 Fiscal Year-End Results
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Slide 2: Disclaimer
DISCLAIMER CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF This This presentation (the "Presentation )cantains information about Champion Iron Limited Champion” or the "Company’), currentasat the date hereof or as at suchearlier date as may be specified herein. This Presentation does not constit
Slide 3: Conference Call Participants
CONFERENCE CALL PARTICIPANTS CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF DAVID CATAFORD MICHAEL O’KEEFFE ALEXANDRE BELLEAU MICHAEL MARCOTTE Chief Executive Officer Executive Chairman Chief Operating Officer Senior Vice-President Corporate Development and Capital Markets
Slide 4: FY2022 Fourth Quarter Highlights
FY2022 FOURTH QUARTER HIGHLIGHTS CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF , nl m aap, bof I 1,869,000 WMT $60.0/DMT $331.4M $396.4M CONCENTRATE PRODUCED TOTAL CASH COST? REVENUES TOTAL CASH ON HAND!2 $197.9M & RESTRICTED CASH EBITDA! $115.6M $343.2M 82.7% $70.5/DMT NET INCOME SHORT-TERM AN
Slide 5: Health & Safety and Environment
HEALTH & SAFETY AND ENVIRONMENT CHAMPION IRON 2s > Maintained the COVID-19 testing laboratory and optimized positive COVID-19 case management process to reduce contamination risks of and mitigate impact to operations > No serious injuries reported during the period > No occurrence of any major envir
Slide 6: Environmentally Committed
ENVIRONMENTALLY COMMITTED CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Committing to greenhouse gas (GHG) emissions reduction of 40% by 2030, based on 2014 emission intensity and taking into consideration the targeted nameplate capacity of 15 Mtpa. The Company is also committed to be carbon
Slide 7: Community & Sustainability
COMMUNITY & SUSTAINABILITY CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Initiated a donation program in support of the fungal oe Fen humanitarian crisis in Ukraine > Completed the 2021 Sustainability Report, including Task Force on Climate-Related Financial Disclosure (TCFD), available on t
Slide 8: Industry Overview
INDUSTRY OVERVIEW CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Iron ore prices increased 32% from the previous quarter with China’s renewed focus on infrastructure investments, while supply was impacted by the military conflict in Ukraine, weather related issues in Brazil and labour availab
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Slide 10: Operations Overview
OPERATIONS OVERVIEW CHAMPION IRON 2M TSX: CIA | ASX: CIA | OTCQX: CIAFF Iron Ore Concentrate Produced Ore Mined and Hauled > Robust quarterly production despite challenges imposed by the (Mwmt (Mwmt) COVID-19 Omicron variant and minor unplanned maintenance ) > 6 > Iron ore recovery, strip ratio and
Slide 11: Fourth Quarter Financial Highlights
FOURTH QUARTER FINANCIAL HIGHLIGHTS CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF EPS of $0.23, an increase of 77% quarter on quarter > EBITDA! (C$M) +> Robust cash operating margin of 59.8% and an EBITDA! margin of 59.7% > $500 Increased operating costs per tonne YoY principally attributable t
Slide 12: Provisional Price Adjustment
PROVISIONAL PRICE ADJUSTMENT CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF > 0.86M tonnes which were subject to provisional pricing at the end of Q3/FY22 realized final prices during the quarter > 04/FY22 positive provisional pricing adjustment of US$23.2M represents a positive impact of US$12.
Slide 13: Fourth Quarter Average Realized Selling Price
FOURTH QUARTER AVERAGE REALIZED SELLING PRICE CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF > 04/FY22 average gross realized price? of US$164.1/t, negatively impacted by contracted sales based on backward-looking prices when prices were significantly lower > FY2022 average gross realized price?
Slide 14: Record Annual Financial Results
RECORD ANNUAL FINANCIAL RESULTS CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Several record annual financial results with year over year increases in EBITDA? and adjusted EPS of 13.0% and 7.1%, respectively + Stable year on year cash profit margin? and EBITDA! margin of 61.7% and 63.4%, resp
Slide 15: Cash Change Details
CASH CHANGE DETAILS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Operating cash flow before working capital of $144.3M, an increase of 54.8% from the previous quarter > Cash on hand !and restricted cash of $396.4M positively impacted by the Investissement Québec and Caterpillar Financial se
Slide 16: Balance Sheet Positioned for Growth
BALANCE SHEET POSITIONED FOR GROWTH CHAMPION IRON 2a $352.7M Cash & S-T investments m $43.8M Restricted cash? We > . 4113 $28.4M Working capital v¥ $81.6M Net cash 2 positive (including working capital) $343.1M Short-term & Long-term debt 14 $393.3M Available & undrawn loans 25 Q3/FY22 Q4/FY22 Cash
Slide 17: Positioned for Growth
POSITIONED FOR GROWTH CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF (S) INCREASED FINANCIAL FLEXIBLITY BQ. CONTINUED CAPITAL RETURN STRATEGY > Completed the refinancing of the US$400M Credit Facility > Inaugural dividend of $0.10 per ordinary share paid on with a US$400M general purpose Revolv
Slide 18: Growth Projects
GROWTH PROJECTS CHAMPION IRON 24 TSX: CIA [-ASX: CIA | GTCOX: CIAFF
Slide 19: Phase II - Significant Milestone
PHASE Il - SIGNIFICANT MILESTONE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > On May 3, 2022, announced the completion of the Phase II expansion project's first rail shipments containing 24,304 wet metric tonnes of high- grade 66.2% Fe iron ore concentrate > Commissioning achieved ahead of
Slide 20: Pelletizing Opportunity
PELLETIZING OPPORTUNITY CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Entered into a definitive purchase agreement to Ne Entered into a MOU with an International steelmaker to acquire the Pointe-Noire pelletizing facility from the complete a feasibility study to evaluate re-commissioning Soci
Slide 21: DR Pellet = Premium Product
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF DR PELLET = PREMIUM PRODUCT > OR Pellets are essential in the supply chain of green steelmaking using Direct Reduced Iron (DRI) and Electric Arc Furnaces (EAF) > Asaresult of their value-in-use, DR pellets attract a premium to the traditional iron
Slide 22: Robust Growth Pipeline
ROBUST GROWTH PIPELINE CHAMPION IRON 2M TSX: CIA | ASX: CIA | OTCQX: CIAFF > In addition to significant regional reserves and resources and a partnership to develop a cold pelletizing technology, Champion is currently studying three organic growth projects > Study evaluating the reprocessing > Revis
Slide 23: Solution for the Green Steel Supply Chain
SOLUTION FOR THE GREEN STEEL SUPPLY CHAIN CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Steel is essential to society and a critical raw material for technologies required for alow carbon economy > The steel industry accounts for more than 7% of global GHG emissions +> Champion's high purity
Slide 24: Global Leader in Emission Intensity
GLOBAL LEADER IN EMISSION INTENSITY CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF +> The Labrador trough, including the Bloom Lake mine, holds a leading position for emission intensity compared to other high-grade iron ore producing hubs access to renewable hydropower and significant investmen
Slide 25: Thank You to Our Staff
THANK YOU TO OUR STAFF CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF UPHOLDING OUR VALUES FOR A SUSTAINABLE FUTURE ® PRIDE “@° INGENUITY <Y RESPECT =) TRANSPARENCY 2s
Slide 26: Thank You!
THANK YOU! CHAMPION IRON ZX Contact us for more information: Michael Marcotte, Senior Vice-President - Corporate Development and Capital Markets info@championiron.com. 514-316-4858