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Investor/Analyst Briefing FY24

Investor/Analyst Briefing FY24

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FY24

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FY24

Investor/Analyst Briefing December 2024

Financial Highlight

  • Revenue growth driven by higher volume in mining business and full capacity of processing facilities (HJF & ONC).
  • GPM is slightly lower, due to lower global nickel prices (LME) yoy (-22%), however Gross Profit is up by 2%, EBITDA is up by 11%, and Profit Attributable to Owners of the Parent Company is up by 14%.
Business Highlight

  • Higher sales of mining in FY24 was due to HJF production lines and ONC, the 2nd HPAL refinery.
  • Significant growth of FeNi sales volume is due to HJF (full capacity in August 2023). Sales volume in FY24 reached 126,344 tons contained Ni of FeNi, up 25% YoY, above 5% from the total name plate capacity.
  • In HPAL, ONC (full capacity in August 2024) is the driver of growth in MHP sales YoY. Sales both HPL & ONC in FY24 reached 102,053 tons contained Ni, up 68% YoY. HPAL sales volume in FY24 are combined between MHP and NiSo4. Sales of HPL is 67,049 tons contained Ni and ONC is 35,004 tons contained Ni.