Igo Limited · ASX:IGO
Igo — Bell Potter Unearthed Conference 2022
25 slides from Igo's conference presentation, Feb 8, 2022
Slide 1: Presentation to the Bell Potter Unearthed Conference
ASX RELEASE 8 FEBRUARY 2022 PRESENTATION TO THE BELL POTTER UNEARTHED 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 Bell Potter Unearthed Conference, which is being held virtually this week. Managing Direc
Slide 2: IGO Limited Bell Potter Unearthed 2022
For personal use only IGO Limited Bell Potter Unearthed 2022 8 February 2022
Slide 3: Our Transformation
Our Transformation We have transformed our business and the way we work For personal use only 1 Transformed Culture 2 Transformed ESG 3 Transformed Outlook Historic and Projected EBITDA (A$M)1 1200 1000 800 600 400 200 0 Long (A$M) Jaguar (A$M) Tropicana (A$M) Nova (A$M) Greenbushes (A$M) Kwinana Hy
Slide 4: Our Strategy
Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only 3
Slide 5: Our People
Our People Enduring focus on safety, enhancing wellbeing and strengthening our unique culture For personal use only Prioritising safety and wellbeing Focused on attracting, developing and retaining our #1 asset Well prepared for the next phase of Covid- 19 in Western Australia 4
Slide 6: Sustainability
Sustainability Continued our commitment to leading performance and reporting For personal use only Dow Jones Sustainability Australia Index Dow Jones Sustainability Asia Pacific Index S&P Global 2022 Sustainability Yearbook ESG Reporting consistently rated as “Leading” 5
Slide 7: Sustainability: Expanding renewable energy capacity at Nova
Sustainability Expanding our renewable energy capacity at Nova For personal use only 10MWh battery energy storage system to complement an expanded Nova Solar Farm Enables Nova to operate 100% on renewables in “engines off” mode for 9 consecutive hours per day during summer and spring IGO expects fur
Slide 8: Nova (Nickel-Copper-Cobalt)
For personal use only Nova (Nickel-Copper-Cobalt) IGO:100% 7
Slide 9: Nova
Nova Safe and consistent operating performance delivering strong financial results For personal use only Nova Production & Cash Costs Tonnes A$/lb Metal production tracking ahead of pro-rata guidance 9,000 $2.50 8,000 $1.99 $1.83 $2.00 Excellent cash cost performance 7,000 $1.73 driven by operationa
Slide 10: Nova Growth - Silver Knight
Nova Growth - Silver Knight Near-Nova nickel sulphide development project For personal use only Secondary open-pit ore-source located ~35km from Nova Updated resource estimate expected during 2H22 Planning underway for exploration programs around Silver Knight 9
Slide 11: Lithium Joint Venture (TLEA)
For personal use only Lithium Joint Venture (TLEA) IGO:49% | Tianqi Lithium Corporation: 51% Kwinana Lithium Hydroxide Refinery 10
Slide 12: Lithium Joint Venture
Lithium Joint Venture World class lithium portfolio with multiple brownfields growth opportunities For personal use only Greenbushes CGP2 Kwinana LiOH Plant Greenbushes (IGO: 25%) Kwinana (IGO:49%) World’s lowest cost and highest grade hard Australia’s first fully automated LiOH plant rock lithium m
Slide 13: Lithium Joint Venture
Lithium Joint Venture1 1H22 results demonstrate strong operations, growth optionality and improving prices For personal use only 2H22 revenue price set at US$1,770/tonne FOB – benefiting from higher lithium benchmark prices IGO expects no further capital contributions to the joint venture – all grow
Slide 14: Greenbushes
Greenbushes A globally significant hard rock lithium resource Global Hardrock Lithium Projects1 For personal use only 2.5 Core Lithium 15 1.32 Sigma 52 1.43 James Bay Nemaska 40 56 2.0 1.40 1.40 Premier African 20 Rio Tinto - 1.06 Jadar Mt Marion 139 73 1.78 AVZ Mt Cattlin 401 11 1.37 Mt Holland 1.2
Slide 15: Greenbushes
Greenbushes Expanding production capacity to meet strong global demand for lithium products Greenbushes Mine For personal use only CGP1 & TGP 1.2Mtpa installed capacity via CGP11, CPG2 and the TGP2 Plans to double capacity to ~2.4Mtpa via CGP3 & 4 CGP3 and CGP4 CGP2 Tailings Retreatment Project (TRP
Slide 16: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Australia’s first fully automated lithium hydroxide refinery For personal use only Train 1 commissioning progressing, with first battery grade LiOH production expected in March 2022 Qualification with offtake customers expected to be complete during 1H23 Work progr
Slide 17: Exploration
For personal use only Exploration 16
Slide 18: Exploration Strategy
Exploration Strategy Committed to investing in growth through discovery For personal use only FY22 Exploration Budget Lake Mackay Copper Coast Raptor A$9M Kimberley Project A$6M Nova & A$65M A$33M Fraser Range A$17M Paterson Project 17
Slide 19: Western Areas Transaction
For personal use only Western Areas Transaction Western Areas Cosmos Nickel Project 18
Slide 20: Transaction Overview
Transaction Overview IGO to acquire Western Areas for A$3.36 cash per share via a Recommended Scheme of Arrangement1 For personal use only Combined Portfolio IGO to acquire 100% of Western Areas for cash2 Cash consideration of A$3.36 per share represents a premium to WSA trading price Kimberley prio
Slide 21: Transaction Rationale
Transaction Rationale Acquisition will enhance IGO’s nickel portfolio and deliver strong financial outcomes for IGO shareholders For personal use only Aligned with Strategy Cash Consideration Accretive In line with IGO’s focus on clean No dilution for IGO shareholders Free cash flow accretive
Slide 22: Summary
For personal use only Summary 21
Slide 23: Summary
Summary Focus on driving returns from our clean energy metals business For personal use only Strong operational and financial performance from Nova Delivering on growth projects within Lithium Maintaining our commitment to unlocking value through exploration and discovery Continuing to invest in gro
Slide 24: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as an inducement to make an offer or invitation with respect to those secu
Slide 25: Making a Difference
For personal use only We believe in a world where people power makes amazing things happen. Where technology opens up. new horizons and clean energy makes the planet a better place for every generation to come. We are bold, passionate, fearless and fun - a smarter, kinder, more innovative company. O