Igo Limited · ASX:IGO
Igo — Bell Potter Unearthed Conference 2021
22 slides from Igo's conference presentation, Feb 10, 2021
Slide 1: Presentation to Bell Potter Unearthed Conference
ASX RELEASE 10 February 2021 PRESENTATION TO 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 being held virtually today. IGO’s Managing Director & CEO,
Slide 2: IGO Limited Bell Potter Unearthed Conference
For personal use only IGO Limited Bell Potter Unearthed Conference 10 February 2021
Slide 3: 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 For personal use only as an inducement to make an offer or invitation with
Slide 4: Competent Person's Statements
Competent Person’s Statements • Any references to IGO Mineral Resource and Ore Reserve estimates should be read in conjunction with IGO’s Annual Update of Exploration Results, Mineral Resources and Ore Reserves For personal use only dated 30 January 2020 (Annual Statement) and lodged with the ASX fo
Slide 5: Our Strategy
Our Strategy Focused on high quality, high margin assets aligned to clean energy metals For personal use only Globally Relevant Vertically Integrated large scale, high quality asset portfolio supplying metals upstream metal production and critical to clean energy downstream processing to unlock valu
Slide 6: Sustainability
Sustainability Committed to industry leading performance and disclosure For personal use only Recent Achievements Solar farm installed at Nova Aligned reporting with TCFD Climate Change Policy released Included in • Dow Jones Sustainability Index Australia • S&P Global 2021 Sustainability Yearbook 5
Slide 7: Recent Highlights
Recent Highlights FY19 and 4Q19 Highlights Delivering strong operational performance and growth optionality For personal use only Nova Growth 2Q21 production in line with guidance with Transformational investment in lithium joint costs lower QoQ venture with Tianqi Tropicana Exploration Strong produ
Slide 8: Nova
For personal use only Nova 7
Slide 9: Nova Production
Nova Production Consistent operational performance enhanced by nickel price tailwinds For personal use only Nova Production & Cash Costs Nova Financial Summary Tonnes A$/lb 9,000 $3.00 Metric Units 1Q21 2Q21 1H21 $2.70 8,000 Revenue and other income A$M 153.6 158.6 312.2 $2.25 $2.50 7,000 $1.96 $2.1
Slide 10: Tropicana
For personal use only Tropicana 9
Slide 11: Tropicana
Tropicana 1H21 gold production ahead of pro-rata guidance, 2H21 forecast to be lower For personal use only Tropicana Production (100% ) and AISC Tropicana Financial Summary oz A$/oz 120,000 $1,800 Metric Units 1Q21 2Q21 1H21 $1,537 $1,527 $1,440 $1,600 Revenue and other income A$M 72.3 76.5 148.8 10
Slide 12: Exploration
For personal use only Exploration 11
Slide 13: Exploration Strategy
Exploration Strategy Focused on unlocking transformational value and sustainable growth For personal use only Targeting high value nickel and copper deposits – aligned to clean energy metals strategy Utilising best in class generative geoscience and geophysics Belt-scale land packages acquired throu
Slide 14: Transformational Investment in Lithium Joint Venture
For personal use only Transformational Investment in Lithium Joint Venture Greenbushs Project 13
Slide 15: Transformational Investment
Transformational Investment Creation of a global, vertically integrated lithium partnership with Tianqi1 For personal use only IGO to acquire an indirect 25% interest in Greenbushes2 and a 49% interest in Tianqi’s Kwinana Lithium Hydroxide Refinery, both located in WA US$1.4Bn purchase price to be p
Slide 16: Exposure to world class assets
Exposure to world class assets Delivering quality, scale, long mine life, solid ESG credentials and alignment to clean energy For personal use only Greenbushes Kwinana World’s lowest cost and highest grade hard First fully automated LiOH plant rock lithium mine1 Greenbushes CGP2 Kwinana LiOH Plant N
Slide 17: Transaction Highlights
Transaction Highlights A transformative, compelling and on-strategy acquisition for IGO For personal use only 1 2 Quality, long-term sustainable assets with Strong near-term production growth significant growth optionality underpins cash flow generation 3 4 IGO to become unique clean energy Well-tim
Slide 18: Ownership Structure & Governance
Ownership Structure & Governance Transaction structure designed to deliver value and security for IGO shareholders For personal use only Pro-forma Ownership Structure IGO participation at: • Lithium HoldCo • Greenbushes Board and; • Lithium HoldCo management 51% 49% 49% 51% Lithium 100% HoldCo1 Robu
Slide 19: Transaction Timeline
Transaction Timeline Key transaction milestones For personal use only Event Date1 Status Announcement of the acquisition of 49% of Lithium HoldCo 9 December 2020 Complete Launch of equity raising and binding debt documentation signed 9 December 2020 Complete Completion of the placement and instituti
Slide 20: Summary
For personal use only Summary 19
Slide 21: Concluding Comments
Concluding Comments FY19 and 4Q19 Highlights Consistent operational performance underpins transformational lithium transaction For personal use only Strong shareholder support for Nova and Tropicana continue to transformational lithium transaction perform strongly with Tianqi Pursuit of organic grow
Slide 22: 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