Igo Limited · ASX:IGO
Igo — Paydirt Battery Minerals Conference 2023
26 slides from Igo's conference presentation, Mar 21, 2023
Slide 1: Presentation to Paydirt Battery Minerals Conference
ASX RELEASE 21 March 2023 PRESENTATION TO PAYDIRT BATTERY MINERALS 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 Paydirt Battery Minerals Conference which is being held in Perth this week. IGO’s Chief Fina
Slide 2: Paydirt Battery Minerals Conference
For personal use only Paydirt Battery Minerals Conference IGO Limited 21 March 2023 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 3: Our Strategy
Our Strategy Aligned to our purpose – Making a Difference For personal use only To be a globally relevant supplier of products critical to the clean energy transition Diverse suite of products Made safely, ethically, sustainably and reliably Vertically Integrated Linking upstream and downstream into
Slide 4: Our Transformation
Our Transformation Six-year journey to position our portfolio for a clean energy future For personal use only IGO Limited | Paydirt Battery Minerals Conference Page 3
Slide 5: Our Business
Our Business Transformed our business For personal use only Quality Asset Portfolio Built a high quality, diverse portfolio of assets with direct connectivity to the battery supply chain Significant Growth Embedded exceptional opportunity to increase production, optimise operations and increase marg
Slide 6: Our Portfolio
Our Portfolio Diverse, Australian based clean energy metals portfolio with a pipeline of growth For personal use only Greenbushes Lithium Operation1 (Li) Upstream Nova Operation (Ni-Cu-Co) Forrestania Operation (Ni) Kwinana Lithium Hydroxide Refinery 2 (LiOH) Downstream Study on PCAM Refinery (Ni, M
Slide 7: Financial Results
Financial Results Track record of operational and financial delivery For personal use only Record financial performance for 1H23 1H23 Group NPAT 1H23 Group Underlying EBITDA 1H23 Group Underlying Free Cash Flow A$591M A$834M A$433M 700 900 450 433 834 600 591 800 5491 400 717 500 700 363 350 400 600
Slide 8: Sustainability
Sustainability Focused on our sustainability performance and Making a Difference For personal use only Net Zero Aspiration to be net zero at direct operations and activities by 2035 Environment Focused on reducing water usage, minimising waste, and best practice land rehabilitation Shared Value Ensu
Slide 9: Decarbonisation
Decarbonisation Clear and tangible plan to remove carbon from our business For personal use only Nova Carbon Reduction Progess Expanded solar farm capacity & battery storage set to deliver ~35% reduction in carbon emissions vs 2019 Internal Carbon Price Expected to raise $7M - $10M over FY23 to fund
Slide 10: Lithium Business
For personal use only Lithium Business IGO Limited | Paydirt Battery Minerals Conference Page 9
Slide 11: Lithium Joint Venture with Tianqi
Lithium Joint Venture with Tianqi Building a globally relevant, integrated lithium business For personal use only Tianqi Lithium 49% Energy Australia (TLEA) 100% Global JV (ex China) 51% Kwinana Lithium Hydroxide Refinery 51% VvWindfield Holdings 49% 100% Greenbushes Lithium Operation IGO Limited |
Slide 12: Lithium Market
Lithium Market Pricing expected to be supported by tight supply and strong demand For personal use only Recent strong pricing driven by significant market …with deficits expected until the end of the decade tightness…. Spodumene Concentrate Price ($US/FOB Aust) Forecast Lithium Market Balance (‘000t
Slide 13: Greenbushes Lithium Operation
Greenbushes Lithium Operation An outstanding, established lithium operation with significant growth profile For personal use only Greenbushes Quarterly Production and Unit Cost (100%) Tonnes A$/t $263 400,000 $300 $253 380,000 $254 $242 $235 $250 360,000 $219 340,000 $200 320,000 300,000 $150 379,14
Slide 14: Greenbushes Lithium Operation: Multiple strategic growth projects
Greenbushes Lithium Operation Multiple strategic growth projects For personal use only Expanding processing capacity to deliver Greenbushes Processing Capacity Expansions1 Processing Capacity higher production rates 2,500,000 520ktpa Chemical Grade Plant 4 (520ktpa) Improving efficiencies via new mi
Slide 15: Kwinana Refinery
Kwinana Refinery Integrated downstream lithium hydroxide production For personal use only Australia’s first producing lithium hydroxide refinery… …with plans to significantly expand production Successfully producing battery grade lithium hydroxide; commercial production declared from Train 1 Lithi
Slide 16: Nickel Business
For personal use only Nickel Business IGO Limited | Paydirt Battery Minerals Conference Page 15
Slide 17: Nickel Market
Nickel Market Near term surplus transitions quickly into deficits For personal use only Primary Nickel Supply/Demand Balance 1 200 Indonesian supply will drive surpluses until 2025 150 100 50 New nickel supply needed from ~2026 onward as EV demand exceeds supply 0 -50 -100 1.5Mt nickel needed from n
Slide 18: Our Nickel Business
Our Nickel Business Building an integrated nickel business For personal use only Strong portfolio of production assets… …with significant organic growth & value optimisation Nova Operation Forrestania Operation Cosmos Project Downstream Production Production In Development PCAM study underway High-q
Slide 19: Vertically integrating our Nickel Business
Nickel Business Vertically integrating our Nickel Business For personal use only Integrated Lithium Business Greenbushes Lithium Operation Kwinana Lithium Hydroxide Refinery (IGO 24.99%) (IGO 49%) WESTERN AUSTRALIA Nickel Business Battery Supply Chain Cosmos Kwinana LiOH Refinery Nova Nova Operation
Slide 20: Downstream Nickel
Downstream Nickel Disruptive pathway for moving nickel from mine to battery For personal use only Traditional Route IGO Integrated Approach Nickel Concentrate Nickel Concentrate (including low-quality concentrates typically rejected by smelters) Fragmented Supply Chain Smelting Integrated Facility I
Slide 21: Exploration
For personal use only Exploration IGO Limited | Paydirt Battery Minerals Conference Page 20
Slide 22: Exploration
Exploration Seeking to unlock value through discovery For personal use only Extensive portfolio of high-quality exploration projects Nova, Cosmos & Forrestania (Brownfield) Nickel Fraser Range Project Targeting magmatic and komatiitic nickel Kimberley Project sulphide deposits Broken Hill Project Ir
Slide 23: Summary
For personal use only Summary IGO Limited | Paydirt Battery Minerals Conference Page 22
Slide 24: Summary
Summary Building a globally relevant clean energy metals business For personal use only High quality portfolio of production, development and exploration assets Significant organic growth opportunities Committed to downstream integration Delivering outstanding financial results and returns to shareh
Slide 25: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer For personal use only • This presentation has been prepared by IGO Limited (“IGO”) applications and approvals, construction, financing • Nickel cash costs are reported inclusive of royalties and after (ABN 46 092 786 304). It should not be considered as an offer ar
Slide 26: Making a Difference
For personal use only 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 cle