Slide 1: Q1 2024 Group Financial Results
ucrbexe % MERDEKA BATTERY MATERIALS COPPER GOLD Q1 2024 GROUP FINANCIAL RESULTS 4 June 2024
Slide 2: 1Q 2024 Highlights
1Q 2024 Highlights Group revenue and EBITDA of US$541 million and US$57 million, representing YoY growth of 152.6% and 29.5%. Nickel contributing revenue and EBITDA of US$444 million and US$27 million, representing YoY growth of 211% and 102%. Pani FS was completed during the quarter and confirmed a
Slide 3: PT ESG Development Progress (cont.)
PT ESG Development Progress (cont.) Construction is advancing with overall project progress of 34.8% as of the end of May 2024 Foundation Work Autoclave waiting shipment from Nantong Port, China Site Overview 3
Slide 4: Financial Highlights
Financial Highlights In $ million 1Q 2024 1Q 2023 Commentary Profit & Loss • A significant increase in revenue of $327 million is attributable to Consolidated revenue 541 214 a larger nickel production volumes Cost of revenue (504) (183) • The increase in cost of revenue is reflective of the larger
Slide 5: Revenue Contribution
Revenue Contribution Revenue ($ million) Commentary • Revenue increase from the previous quarter is Gold & Silver Copper HGNM NPI Limonite attributable to sales increase at Wetar to 4,313 tonnes from 2,206 tonnes and higher gold price 642 • Nickel matte revenue of $197 million from sales of 14,404 t
Slide 6: EBITDA Contribution
EBITDA Contribution EBITDA ($ million) Commentary Gold & Silver Copper HGNM Nickel Others • EBITDA of $57 million in 1Q 2024 represents a 29.5% increase from 1Q 2023 • The higher EBITDA in 1Q 2024 is attributable to $27 107 million nickel contribution from MBMA, higher gold and copper contribution,
Slide 7: Summary and 2024 Guidance
Summary and 2024 Guidance 2024 gold and copper production guidance of 100,000 – 120,000 ounces at a total cash cost of $900 to 1,050/oz and 14,000 to 16,000 tonnes at a total cash cost of $3.25 to 4.00/lb, respectively 2024 NPI and nickel matte production guidance of 85,000 to 92,000 tonnes at a tot
Slide 8: Click to edit Master text styles
Click to edit Master text styles For more information, please contact or visit investor.relations@merdekacoppergold.com www.merdekacoppergold.com 8