Labrador Iron Ore Royalty Corporation · TSX:LIF
Labrador Iron Ore Royalty — Shareholder Meeting (May 2025)
11 slides from Labrador Iron Ore Royalty's shareholder meeting presentation, May 13, 2025
Slide 1: Labrador Iron Ore Royalty Corporation Annual General Meeting
LABRADOR IRON ORE ROYALTY CORPORATION ANNUAL GENERAL MEETING MAY 13, 2025
Slide 2: Notice to Reader
NOTICE TO READER All dollar figures are stated in Canadian (“CDN”) dollars unless noted otherwise. The information contained in this presentation is derived from publicly available sources, such as annual and quarterly financial reports and the annual information form filed by Labrador Iron Ore Roya
Slide 3: LIORC Financial Highlights
LIORC FINANCIAL HIGHLIGHTS First Quarter Fiscal Year 2025 2024 2024 2023 ($ in millions except per share information) Revenue 36.2 56.7 209.0 201.3 Net Income 21.4 59.3 175.0 186.3 Adjusted Cash Flow from Operations(1) 19.8 31.3 198.9(2) 161.5(3) Net Income per Share $0.33 $0.93 $2.73 $2.91 Adjusted
Slide 4: IOC Production
IOC PRODUCTION • IOC produced 16.1 million tonnes of pellets and CFS in 2024, down 2% from 2023. • The decrease in production was due to a number of operational issues throughout the year and lower weight yields caused by changes to the mine sequencing, as well as an 11-day site- wide shutdown cause
Slide 5: IOC Focus on Stabilising & Improving Operations
IOC FOCUS ON STABILISING & IMPROVING OPERATIONS 5
Slide 6: IOC Decarbonization Efforts
IOC DECARBONIZATION EFFORTS • Targeting 50% reduction in Scope 1 & 2 emissions by 2030. IOC is a high-quality, resilient, low-carbon • Currently 0.9 Mt CO2e. mine with optionality for energy transition • Recent actions include: • 40MW electric boiler. • Hydro-powered plasma trials. • R&D coke elimin
Slide 7: Global Steel Markets
GLOBAL STEEL MARKETS • Over the last 13 years all of the growth in global steel production has come from China. However, China steel production, which had been growing at a rate of 4.5% per year, has slowed and has been relatively flat over the last 5 years. • In 2024, global steel production droppe
Slide 8: Iron Ore Prices
IRON ORE PRICES • In 2024, the Platts 65% Index averaged US$123 per tonne, down from US$132 per tonne in 2023 and the Platts Atlantic Blast Furnace Pellet Premiums averaged US$40 per tonne, as compared to US$45 per tonne in 2023. • In 2024, IOC achieved an average realized price for pellets and CFS
Slide 9: LIORC Cash Flow
LIORC CASH FLOW • In 2024, adjusted cash flow per share was $3.11, up from $2.52 in 2023. * • Adjusted cash flow per share from the royalty was $1.81, up from $1.73, as higher sales tonnages and an improved product mix were offset by * lower realized iron ore prices. * * * • Adjusted cash flow per s
Slide 10: Outlook
OUTLOOK • IOC’s production guidance for 2025 is 16.5 to 19.4 million tonnes of pellets and CFS. This compares to 2024 production volumes of 16.1 million tonnes, and production volumes in the first quarter of 2025 of 3.9 million tonnes, which were 11% lower than last year’s first quarter. • IOC’s cap
Slide 11: Questions
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