Igo Limited · ASX:IGO
Igo — Euroz Hartleys Rottnest Conference 2021
24 slides from Igo's conference presentation, Mar 9, 2021
Slide 1: Presentation to Euroz Hartleys Rottnest Conference
ASX RELEASE 9 March 2021 PRESENTATION TO EUROZ HARTLEYS ROTTNEST CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the Euroz Hartleys Rottnest Conference which is being held this week in Western Australia. Managin
Slide 2: IGO Limited – Euroz Hartleys Rottnest Conference
For personal use only IGO Limited Euroz Hartleys Rottnest Conference 9 March 2021
Slide 3: Our Strategy
Our Strategy Focused on high quality, high margin assets aligned to clean energy metals For personal use only Globally Relevant Vertically Integrated large scale, high quality asset portfolio supplying metals upstream metal production and critical to clean energy downstream processing to unlock valu
Slide 4: Portfolio on a Page
Portfolio on a Page Portfolio of high quality operating and exploration assets aligned to clean energy For personal use only • Australia’s lowest cost nickel sulphide Ni Nova operation IGO 100% • Track record of consistent production and cost control • World’s largest, highest grade and lowest Green
Slide 5: Sustainability
Sustainability Strong focus on sustainability because it’s the right thing to do For personal use only Strong ESG brand developed through industry leading performance and disclosure Focus on decarbonisation through clean energy generation at Nova Dow Jones Sustainability S&P Global 2021 Index Austra
Slide 6: Tianqi Lithium Joint Venture
For personal use only Tianqi Lithium Joint Venture Greenbushes Project 5
Slide 7: Transformational Investment
Transformational Investment Creation of a global, vertically integrated lithium partnership with Tianqi1 For personal use only IGO to acquire an indirect 25% interest in Greenbushes2 and a 49% interest in Tianqi’s Kwinana Lithium Hydroxide Refinery, both located in WA US$1.4bn purchase price to be p
Slide 8: World class lithium assets
World class lithium assets Delivering quality, scale, long mine life, solid ESG credentials and alignment to clean energy For personal use only Greenbushes Kwinana World’s lowest cost and highest grade hard First fully automated LiOH plant rock lithium mine1 Greenbushes CGP2 Kwinana LiOH Plant Notes
Slide 9: Transaction Aligned with Strategy
Transaction Aligned with Strategy High margin, high quality business aligned with strategic focus on clean energy metals For personal use only Greenbushes is the world’s largest and lowest cost Globally Relevant lithium hard rock asset Kwinana is Australia’s first lithium hydroxide plant1 High quali
Slide 10: Greenbushes Lithium Mine
For personal use only Greenbushes Lithium Mine 9
Slide 11: Greenbushes Lithium Mine
Greenbushes Lithium Mine Asset quality in a league of its own - underpinned by resource size and grade For personal use only Spodumene Concentrate Cash Cost Curve1 (2019 Cash Costs, US$/t Concentrate) “Cycle Proof” World’s lowest cost & highest grade hard rock lithium mine4 Lowest average annual pri
Slide 12: Greenbushes – Growth Optionality
Greenbushes – Growth Optionality Low cost, brownfield opportunities to increase production to 2.5Mtpa For personal use only Expansion Potential at Greenbushes2 Expansion Plans (100% basis) Chemical Grade Concentrate Production Capacity Potential Commissioning Date Potential Growth Sustaining (Mtpa)
Slide 13: Kwinana Lithium Hydroxide Refinery
For personal use only Kwinana Lithium Hydroxide Refinery 12
Slide 14: Kwinana Battery Grade LiOH Plant
Kwinana Battery Grade LiOH Plant First mover in Australia with premium off-takers and supply chain visibility For personal use only Lithium Hydroxide Economic Cost Curve (Operating and Committed Projects)2 Australia’s 1st LiOH Plant1 (2025 Business Costs, US$/t LiOH) designed for Greenbushes feedsto
Slide 15: Kwinana – Growth Optionality
Kwinana – Growth Optionality Flexibility to respond to changes in demand for spodumene concentrate and lithium hydroxide For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Kwinana Construction Capital Profile (100% basis) 24.0 96.0 Kwinana Construction Capital Profile (100% ba
Slide 16: IGO To Become a Unique Clean Energy Metals Investment
IGO To Become a Unique Clean Energy Metals Investment Transformative acquisition to create a leading diversified clean energy metals company For personal use only Unique Investment Proposition Globally Mineral Pilbara Ganfeng Albemarle SQM Tianqi Resources Pro-forma Livent Minerals Orocobre Market C
Slide 17: Well-timed Investment in the Lithium Cycle
Well-timed Investment in the Lithium Cycle IGO transacting at a favourable point in the lithium cycle, with robust long term fundamentals For personal use only Electric Vehicle Sales by Drivetrain1,2 Spodumene Concentrate Price Outlook (Thousand Units) (US$/t, nominal)1 18%/y Acquisition at an oppor
Slide 18: Ownership Structure & Governance
Ownership Structure & Governance Transaction structure designed to deliver value and security for IGO shareholders For personal use only Pro-forma Ownership Structure IGO participation at: • Lithium HoldCo • Greenbushes Board and; • Lithium HoldCo management 51% 49% 49% 51% Lithium 100% HoldCo1 Robu
Slide 19: Tianqi – IGO Relationship
Tianqi – IGO Relationship Focus on working together to make 1+1=3 For personal use only Tianqi and IGO have excellent strategic and cultural alignment Complimentary skill sets to benefit the new joint venture High levels of engagement and cooperation as transaction nears completion Tianqi CEO, Mr Fr
Slide 20: Transaction Timeline
Transaction Timeline Key transaction milestones For personal use only Completion of Transaction A$707M Institutional Office of State approved by Tianqi Placement & Revenue Approval Shareholders Entitlement Offer 18 December 2020 5 January 2021 Late February 2021 Transaction Transaction Announcement
Slide 21: Transaction Highlights
Transaction Highlights A transformative, compelling and on-strategy acquisition for IGO For personal use only 1 2 Quality, long-term sustainable assets with Strong near-term production growth significant growth optionality underpins cash flow generation 3 4 IGO to become unique clean energy Well-tim
Slide 22: Closing Comments
Closing Comments Strategy focused on metals critical for enabling clean energy For personal use only Track record of consistent, high margin delivery from Nova & Tropicana Strong culture and ESG / proactively green credentials Transformative transaction with Tianqi aligned with strategy Balanced app
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. Ou
Slide 24: 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 For personal use only as an inducement to make an offer or invitation with