Igo Limited · ASX:IGO
Igo — AusIMM Lithium Battery and Energy Metals Conference 2021
28 slides from Igo's conference presentation, Sep 2, 2021
Slide 1: Presentation to AusIMM Lithium Battery and Energy Metals Conference
ASX RELEASE 2 September 2021 PRESENTATION TO AUSIMM LITHIUM BATTERY AND ENERGY For personal use only METALS CONFERENCE IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the AusIMM Lithium Battery and Energy Metals Conference which is being held t
Slide 2: IGO's path to becoming a globally relevant producer of clean energy metals
For personal use only IGO Limited IGO’s path to becoming a globally relevant producer of clean energy metals 2 September 2021
Slide 3: Our strategy
For personal use only Our strategy 2
Slide 4: What is clean energy?
What is clean energy? For personal use only Renewable Energy Generation Renewable Energy Storage Electrification of Transport Ni Cu Li Co Nickel Copper Lithium Cobalt 3
Slide 5: Our transformation journey
Out transformation journey For personal use only 4
Slide 6: What drove this transformation
What drove this transformation For personal use only Outlook Purpose Environment & Climate 1. Source: Macquarie 5
Slide 7: We have achieved this by living our Purpose
We have achieved this by living our Purpose 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. Our people are bold, passionate, fearless and
Slide 8: Why? To create a better planet for future generations
Why? To create a better planet for future generations For personal use only India Gate, New Delhi, India Intelligent Living 7
Slide 9: Lithium-ion battery projections
Lithium-ion battery projections For personal use only Lithium-ion battery demand GWh/year outlook (GWh/year)1 3,000 Battery demand set to increase 5x 2,500 over the next decade 2,000 1,500 Passenger vehicle electrification is the primary driver 1,000 500 0 Passenger EVs Commercial EVs Electric two-a
Slide 10: Risk of history repeating itself
Risk of history repeating itself For personal use only Potential for reality to be larger than projections – just like solar panels! Source: International Energy Agency Source: Terra Studio Solar PV Plug-in EV 2015-2021 CAGR = 55% 9
Slide 11: Significant implications for raw materials
Significant implications for raw materials Lithium-ion battery metal For personal use only demand outlook1 2030 vs 2021 Copper ▲5.5x Nickel ▲ 5.2x Cobalt ▲ 1.5x Lithium ▲ 5.3x 1.1. Source: Source: Bloomberg Bloomberg NEF NEF 10
Slide 12: Nickel – implications for nickel demand
Nickel – implications for nickel demand Class 1 Nickel Supply and For personal use only Demand Outlook1 Nickel dominant cathode chemistries to remain technology of choice for US/EU markets Laterite to nickel sulphate conversion processes incur a high environmental cost Production capacity limited by
Slide 13: Lithium – implications for lithium demand
Lithium – implications for lithium demand For personal use only Global Lithium Market Balance (kt LCE)2 Lithium is a critical raw material for all battery chemistries Lithium demand from electric vehicles expected to account for 75% of market by 20301 Increasing focus on produce provenance to ensure
Slide 14: IGO portfolio aligned to electric vehicle
IGO portfolio aligned to electric vehicle For personal use only Metal demand for lithium-ion batteries in 2025 (kt) 1 IGO is the only company 719 globally producing four key electric vehicle battery metals 126 658 2,570 Ni Cu Nickel Copper 1,527 Co Li Cobalt Lithium Lithium Cobalt Nickel Copper Othe
Slide 15: Where are we today?
Where are we today? For personal use only • Australia’s lowest cost nickel Ni Nova sulphide operation (Cu + Co) IGO 100% • Track record of consistent production and cost control • World’s largest, highest grade and Greenbushes lowest cost hard rock lithium mine IGO 24.99% • Significant expansion opt
Slide 16: Nova Operation
Nova Operation For personal use only Nova Financial Performance FY21 Results A$M FY21 production above guidance for 700 669 all metals 593 600 504 500 436 Cash costs below guidance at 405 393 400 A$1.85/lb (payable) 349 351 335 321 289 300 256 251 196 200 147 Free Cash Flow A$392M 93 100 EBITDA Marg
Slide 17: We invested in a Lithium Joint Venture with Tianqi
We invested in a Lithium Joint Venture with Tianqi For personal use only World class lithium portfolio with scale, quality, life and strong ESG credentials Greenbushes CGP2 Kwinana LiOH Plant Greenbushes Kwinana World’s lowest cost and highest grade hard First fully automated LiOH plant rock lithium
Slide 18: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Option to add Train III and IV in the future 24ktpa 96ktpa Expected to commission in 2024 24ktpa Currently completing 24ktpa commissioning 24ktpa Train I Train II Train III Train IV Total Pot
Slide 19: We continue to prioritise discovery
We continue to prioritise discovery For personal use only Focus on high value magmatic nickel sulphides and sediment hosted copper Best in class team utilising best science available – geology, geophysics and geochem Extensive & highly prospective landholding across Australia 18
Slide 20: Climate Change
Climate Change For personal use only Climate change is one of the most Climate Change Strategy complex risks facing the world today 19
Slide 21: Reducing Carbon – emissions intensity
Reducing Carbon – emissions intensity Emissions Intensity of Nickel Emissions Intensity of Lithium Brine For personal use only Operations1 versus Mineral2 PT Aneka Tambang PT Vale Indonesia Glencore (global nickel assets) Cleanteq Sunrise CO2/t LCE BHP Nickel West Eagle mine Vale Canada* IGO Limited
Slide 22: Decarbonisation – Fundamental for the Sector
Decarbonisation – Fundamental for the Sector For personal use only We all need to take steps to reduce our carbon emissions – it is the right thing to do Will attract a premium to the product Drive both investor sentiment, credit agencies risk premium and credit worthiness of companies 21
Slide 23: Accelerating our response to climate change
Accelerating our response to climate change For personal use only Adopted an internal carbon price Scope 1 & 2 emissions reduction programs being implemented Investing in carbon removal and offsets programs in FY22 Commitment to understand controllable Scope 3 emissions 22
Slide 24: Sustainability
Sustainability For personal use only Committed to leading performance Dow Jones Sustainability Australia Index & reporting Recognition from external ratings S&P Global 2021 Sustainability Yearbook agencies FY22 focused on carbon neutral ESG Reporting rated as “Leading” roadmap 23
Slide 25: Our people & culture are our #1 priority
Our people & culture are our #1 priority For personal use only Attract Develop Retain Developing and fostering the next generation of leaders 24
Slide 26: Concluding comments
Concluding comments For personal use only Transformative transactions complete transition to clean energy metals focus We are at the infancy of this social shift toward clean energy Western Australia is uniquely positioned to leverage from this opportunity 25
Slide 27: 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 For personal use only an inducement to make an offer or invitation with
Slide 28: 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
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