Nickel Industries Limited · ASX:NIC
Nickel Industries — Q1 2023 Earnings Presentation
12 slides from Nickel Industries's earnings presentation, Mar 31, 2023
Slide 1: Quarterly Activities Presentation for the period ended 31 March 2023
QUARTERLY ACTIVITIES PRESENTATION FOR THE PERIOD ENDED 31 March 2023 Record quarterly EBITDA from operations of US$113.2M as nickel production continues to increase with Oracle ramp-up 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Nickel Industries Limited (ABN 44 127 510 589) (‘NIC’). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context. The in
Slide 3: March quarter review
March quarter review Record quarterly EBITDA from operations of US$113.2M as nickel production continues to increase with Oracle ramp-up ❑ Record Ni metal production of 26,665 tonnes (100% basis) – 15.6% higher than December quarter (23,072 tonnes), inclusive of 5,206 tonnes from Oracle Nickel – rec
Slide 4: Mar'23 Quarter financial results
Mar’23 Quarter financial results Movement (Mar’23 vs. Presented on a 100% basis unless otherwise stated Units Mar’23 results Dec’22) Gross production Nickel metal tonnes Record 26,665 +15.6% (from 23,072 tonnes in Dec Qtr) NPI gross production Nickel metal tonnes 22,338 +21.9% (from 18,329 tonnes in
Slide 5: Ramping up production across our RKEF portfolio
Ramping up production across our RKEF portfolio Consistent, industrial style cost base with production set to materially increase over the next 12 months as ONI commissions Ni production tonnes ▪ Record RKEF quarterly production of 26,665 tonnes of nickel metal (+15.6% from December qtr), including
Slide 6: Record RKEF EBITDA achieved in March '23 quarter
Record RKEF EBITDA achieved in March ’23 quarter EBITDA per tonne sold (US$/t) $7,386/t $5,367/t $2,261/t $4,146/t $3,349/t Note: Figures reflect unaudited numbers from monthly operating entity financial reporting. 5
Slide 7: Another quarter of solid production at Hengjaya Mine
Another quarter of solid production at Hengjaya Mine Production summary Mar’23 Dec’22 Saprolite mined wmt 662,004 687,831 Limonite mined wmt 1,822,636 2,020,027 Nickel ore mined wmt 2,484,640 2,707,858 Overburden mined BCM(1) 398,017 438,796 Strip ratio(2) BCM/wmt 0.16 0.16 Saprolite Tonnes sold wmt
Slide 8: HM – IMIP Haul Road update
HM – IMIP Haul Road update ▪ Haul road and associated bridge (70 metre span) completion currently expected in Q3 2023 ▪ Delay from targeted Q2 2023 completion date due to heavy rainfalls and hard limestone outcrops requiring additional rock breaking ▪ The 70-metre span bridge (two lanes) is 50% comp
Slide 9: Siduarsi Project Update
Siduarsi Project Update ▪ Phase 1 drill program now complete. ▪ Since signing MOU in September 2021, the Company has completed 167,178 km of Ground Penetrating Radar (‘GPR’) and 31,127 metres (2,074 holes) of drilling covering a prospective area of 1,400 hectares ▪ 23,084 samples have been received
Slide 10: Corporate
Corporate Electric Vehicle Battery Supply Chain Strategic Framework Agreement ▪ Key components: o a 10% interest in PT Huayue Nickel Cobalt (‘HNC’) HPAL plant from a Tsingshan affiliated company for US$270 million o an additional 10% interest in Oracle Nickel for US$75 million in cash (increasing th
Slide 11: Corporate
Corporate Dividend Declaration and Distribution ▪ During the quarter the Company declared and paid a A$0.02 per share final dividend relating to its full-year 2022 financial result 2022 Sustainability Report ▪ Recipient of seven trophies at the Environmental and Social Innovation Awards ▪ Recipient
Slide 12: Thank you
THANK YOU NICKEL INDUSTRIES