Igo Limited · ASX:IGO
Igo — Shareholder Meeting (November 2024)
19 slides from Igo's shareholder meeting presentation, Nov 6, 2024
Slide 1: Corporate Presentation
For personal use only Corporate Presentation Ivan Vella – Managing Director & CEO IGO Limited | 2024 Annual General Meeting Page 1
Slide 2: Our Journey
Our Journey Our evolution over more than 20 years has given us a distinct and unique advantage For personal use only Where we’ve come from What we’ve delivered Adapted and evolved our strategy Initially base metals & gold, transitioning to clean energy metals Built deep operational capability Succes
Slide 3: Significant change in FY24
Significant change in FY24 We’ve made significant change to set us up for future success For personal use only Enhanced safety performance TRIFR rates have reduced from 16.0 to 10.4 (35% improvement) Appointed Brett Salt (Chief Growth and Commercial Officer) and Enhanced executive capacity Marie Bou
Slide 4: Safety
Safety Improving safety performance remains our highest priority For personal use only Lag Safety Performance1 10 20.2 22 TRIFR has reduced over recent time but remains higher 9 17.7 16.5 than desired 8 16.0 17 7 12.7 12.0 12.1 6 10.4 12 5 We are strengthening our safety culture and leadership capab
Slide 5: Our Culture
Our Culture Our culture is a key enabler, connecting our strategy and purpose For personal use only Employee insights inform our decisions, shape our strategies and help to foster a more inclusive culture and work environment Our culture is grounded on care, fostering curiosity and bringing the best
Slide 6: Executive Leadership Team
Executive Leadership Team The right management team to deliver the refreshed strategy For personal use only IVAN VELLA KATHLEEN BOZANIC BRETT SALT Managing Director & Chief Chief Financial Officer Chief Growth and Commercial Executive Officer Officer 25 years industry experience, 30 years' experienc
Slide 7: Financial Performance
Financial Performance Well capitalised to deliver our 2035 Vision For personal use only Units FY24 Strong balance sheet position including $720M Revenue A$M 841 undrawn debt Share of Net Profit of TLEA A$M 553 Underlying NPAT1 A$M 319 Net Profit After Tax A$M 3 Corporate cost structure reset to refl
Slide 8: Financial Performance
Financial Performance IGO has a track record of delivering quality earnings and cash returns For personal use only Dividend History (A$M) Dividends vs Underlying FCF (A$M) 0 1,200 1,200 60% 1,074 1,098 51% 0 1,000 1,000 50% 794 39% 0 800 800 40% 713 0 600 600 30% 24% 560 21% 21% 0 400 400 20% 234 36
Slide 9: Capital Allocation
Capital Allocation Clear framework to allocate capital with discipline For personal use only Operating Cash Flow External Capital from Safe and Reliable Operations (Debt and Equity) FY24 Dividend declaration was consistent with this framework Sustaining Maintenance Investment in Organic Inorganic Ex
Slide 10: Greenbushes
Greenbushes The world’s largest and lowest cost hard rock lithium mine For personal use only 2Q24 – SC6 Cost Curve (C1) FY24 Production Results: • Spodumene Concentrate Production:1.38Mt (SC6) 1,400 • Cash Costs (production): $US330/t 1,200 • EBITDA Margin: 85% 1,000 USD per tonne 800 Clear pathway
Slide 11: Kwinana
Kwinana Supporting TLEA to improve production performance from Train 1 For personal use only Train 1 - Lithium Hydroxide Production (Quarterly) Performance improved in FY24 with increased reliability, availability and operating control 1600 1400 TLEA are progressively solving the technical issues we
Slide 12: Nickel Business
Nickel Business Laser focused on safe, stable production and cash maximisation at Nova For personal use only Nova Nova Nickel Production (tonnes contained) First quartile cost position underpins strong free cash flow until end of life 20,000 18,000 Team are focused on opportunities to reduce costs a
Slide 13: Exploration
Exploration We have refocused our exploration capability to drive commercial success and returns For personal use only Tenure People Relationships Tools Large and highly prospective tenement Highly experienced team Strong and collaborative package across belt Proprietary tools, with diverse skills a
Slide 14: Our Strategy on a Page
Our Strategy on a Page We have an exceptional base of capability to leverage as we work towards our 2035 vision For personal use only Purpose We have conviction on our 2035 portfolio … Exploration Development Operations Commercial Cu Cu Cu Li Ni Li Ni Li Ni Li … and our strategic themes will govern
Slide 15: Strategic Objectives
Strategic Objectives Prioritised our key objectives over three distinct time horizons For personal use only • Maximise the potential of our lithium business through the TLEA Joint Venture • Work with our partners to optimise Greenbushes and define full potential for this asset • Develop a clear view
Slide 16: Our Unique Value Proposition
Our Unique Value Proposition We have a distinct set of credentials to deliver our strategy For personal use only Greenbushes delivering strong free cash flow through the Our deep exploration cycle and significant capability and unique opportunity for Our track record of opportunity for optimisation
Slide 17: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer For personal use only • This presentation has been prepared by IGO Limited (“IGO”) (ABN Persons' Statements included in periodic and continuous • Lithium cash costs (production) are reporting inclusive of mining, 46 092 786 304). It should not be considered as an o
Slide 18: Contact
Contact For personal use only Investors & Media Richard Glass Head of Corporate Affairs & Investor Relations T:+6 8 9238 8300 E: Richard.glass@igo.com.au IGO Limited | 2024 Annual General Meeting
Slide 19: 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