Nickel Industries Limited · ASX:NIC
Nickel Industries — Q1 2024 Earnings Presentation
11 slides from Nickel Industries's earnings presentation, Apr 30, 2024
Slide 1: Quarterly Activities Presentation for the period ended 31 March 2024
QUARTERLY ACTIVITIES PRESENTATION FOR THE PERIOD ENDED 31 March 2024 US$70.3M EBITDA from operations generated despite significant delays in nickel ore sales 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (‘NIC’). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The in
Slide 3: Safety and Sustainability
Safety and Sustainability ▪ Company-wide 12-month rolling lost time injury rate (LTIR) as at the end of March 2024, was 0.23, with one LTI occurring during the quarter ▪ Company-wide 12-month rolling total recordable injury rate (TRIR) as at the end of March 2024, was 1.14 ▪ Hengjaya Mine awarded hi
Slide 4: March quarter review
March quarter review US$70.3M EBITDA from operations generated despite significant delays in nickel ore sales ▪ RKEF nickel metal production of 31,840 tonnes (100% basis) – 7.6% lower than December quarter (34,450 tonnes) due to lower nickel ore feed grade stemming from industry-wide RKAB licence re
Slide 5: RKEF production negatively impacted by RKAB licence issues
RKEF production negatively impacted by RKAB licence issues RKEF Production (100% basis) 33,852 34,450 32,558 31,840 27,399 ▪ RKEF quarterly production of 31,840 tonnes of nickel metal (-7.6% December quarter), comprising 30,098 tonnes in NPI and 1,742 tonnes in nickel matte, in addition to 2,120 ton
Slide 6: Operating cash costs continue to trend down
Operating cash costs continue to trend down Operating cash costs (US$/t) ▪ Cash costs have continued to trend lower with nickel ore prices falling in line with the LME Ni price 5
Slide 7: NPI pricing
NPI pricing ▪ Despite ongoing reductions in operating cash costs realised contract pricing fell 10% from the December quarter leading to margin contraction ▪ NPI pricing has shown a steady recovery during April 6
Slide 8: Hengjaya Mine – RKAB licence renewal delays impacts performance
Hengjaya Mine – RKAB licence renewal delays impacts performance Production summary December quarter 2023 March quarter 2024 Saprolite mined wmt 1,463,943 1,159,925 Limonite mined wmt 3,100,155 2.087,865 Nickel ore mined wmt 4,564,098 3,237,780 Overburden mined BCM(1) 381,494 385,378 Strip ratio BCM/
Slide 9: ENC Construction update
ENC Construction update ▪ On-site earthworks and footings work advancing ▪ Temporary staff accommodation and project administration offices now in place ▪ Key long lead items progressively being purchased and fabricated in China ahead of delivery to Morowali in the coming months 8
Slide 10: Corporate
Corporate Increase to a 27.5% equity interest in ENC HPAL Project ▪ Additional 13.75% interest secured through the cash payment of US$316.3M to acquire shares in the Singaporean incorporated holding company, Excelsior International Investment Pte. Ltd, the ultimate owner of ENC ▪ Payment follows pre
Slide 11: Further Information
FURTHER INFORMATION: Justin Werner Cameron Peacock Managing Director Investor Relations and Business Development jwerner@nickelindustries.com cpeacock@nickelindustries.com 10