Slide 1: 2Q24 Results Presentation
2Q24 Results Presentation IGO Limited 31 January 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 2: Introduction
Introduction Ivan Vella – Managing Director & Chief Executive Officer Purpose & Strategy IGO’s purpose and strategy resonates with our people and is pointing us in the right direction Global trend toward decarbonisation is not stopping Metals and mining will play a key role in the energy trans
Slide 3: Safety & Sustainability
Safety & Sustainability Notable improvement in safety performance over the quarter Lag Safety Performance 10 25.0 Improved TRIFR performance, reducing to 12.0 (from 12.7 at 30 9 19.5 8 17.6 17.8 17.6 20.0 September 2023)1 7 16.7 16.0 14.6 6 12.7 12.7 12.7 12.0 15.0 11.6 5 4 9 10.0 3 6 5 5 2 4 4 4 5.
Slide 4: Lithium Business Review
Lithium Business Review TLEA Joint Venture (IGO: 49% / Tianqi Lithium Corporation: 51%) IGO Limited | 2Q24 Results Page 4
Slide 5: Greenbushes
Greenbushes An outstanding asset which will deliver margin through the cycle Greenbushes production and cash performance1 Production and Pricing Update 450 400 New pricing mechanism resets monthly, referencing the prior month 357 350 average price from four price reporting agencies (BMI, S&P Platts,
Slide 6: Greenbushes
Greenbushes Softer QoQ production and sales delivers lower EBITDA YTD 100% basis Units 2Q241 1Q241 QoQ YTD1 Lower QoQ production, driven by lower Guidance3 ore processed and lower overall feed grades Spodumene kt 358 414 ▼14% 771 650 - 700 Production Higher production cash costs as a result of lower
Slide 7: Kwinana Refinery
Kwinana Refinery Train 1 production rates remain below expectations Train 1 Quarterly production of 617t was an improvement QoQ (1Q24: 607t), operating at around 40% of nameplate for several days IGO is committed to seeing performance improve over 2H24 as the process modification and rectifications
Slide 8: Nickel Business Review
Nickel Business Review IGO Limited | 2Q24 Results Page 8
Slide 9: Cosmos
Cosmos Transitioning to Care and Maintenance Project economics impacted by: • Reduction in expected mine life • Delays in getting to full capacity • Higher capital and operating costs • Deterioration in nickel prices Care and maintenance will prioritise the safe preservation of assets at Cosmos to p
Slide 10: Nova
Nova Strong margins and solid cash generation despite nickel price weakness YTD Units 2Q241 1Q241 QoQ YTD1 Guidance3 Stronger quarter on quarter Nickel Production t 5,110 4,765 ▲7% 9,876 10,500 – 11,000 metal with production cash costs in line with the prior quarter Copper Production t 2,465 2,341 ▲
Slide 11: Forrestania
Forrestania Continuing to generate positive cash flow YTD Units 2Q241 1Q241 QoQ YTD1 Guidance3 Lower milled tonnes and feed grade drove lower quarter on quarter production Nickel Production t 2,007 2,366 ▼15% 4,374 3,750 – 4,500 Cash cost (payable)2 A$/lb Ni 12.03 11.64 ▲3% 11.83 10.50 – 11.50 Cash
Slide 12: Exploration
Exploration IGO Limited | 2Q24 Results Page 12
Slide 13: Exploration
Exploration Field work is progressing at multiple prospective projects as we further our exploration journey Kimberley Project Second drillhole at the Dogleg Prospect, with results received for the first Dogleg hole confirming high grade nickel sulphides1. Forrestania Project Drilling continued in t
Slide 14: Financial Summary
Financial Summary Kathleen Bozanic – Chief Financial Officer IGO Limited | 2Q24 Results Page 14
Slide 15: 2Q24 Financial Results
2Q24 Financial Results IGO is in a strong financial position despite commodity price headwinds Units 2Q241 1Q241 QoQ YTD Lower nickel prices and sales volume Sales Revenue A$M 179 248 ▼28% 427 resulted in softer QoQ revenue Share of Net Profit of TLEA A$M 167 328 ▼49% 495 Decreased QoQ EBITDA driven
Slide 16: Summary
Summary Ivan Vella – Managing Director & CEO IGO Limited | 2Q24 Results Page 16
Slide 17: Summary
Summary IGO is in a great position despite the recent headwinds Purpose & Strategy Ambition & Culture Outstanding Platform IGO Limited | 2Q24 Results Page 17
Slide 18: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) the necessary infrastructure. Where such a reference is made, • Lithium cash costs reported as COGS (cash costs of goods (ABN 46 092 786 304). It should not be considered as an offer it should be read sub
Slide 19: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology amazing things happen. are enabling the full potential of renewable energy to be realised, by allowing energy produced from the Where technology opens up new horizons and clean sun, wind and other