Champion Iron Ltd. · ASX:CIA
Champion Iron — Q2 2027 Earnings Presentation
22 slides from Champion Iron's earnings presentation, Oct 30, 2026
Slide 1: Second Quarter of the 2027 Financial Year
WEBCAST PRESENTATION - OCTOBER 29, 2026 (MONTRÉAL) SECOND QUARTER OF THE 2027 FINANCIAL YEAR PRODUCING A SOLUTION HIGH TO DECARBONIZE -STEELMAKING PURITY IRON ORE TO DECARBONIZE STEELMAKING
Slide 2: Disclaimer
DISCLAIMER ASX:CIA TSX:CIA OTCQX:CIAFF This presentation (the "Presentation") contains informationabout ChampionIron Limited ("Champion"or the "Company"),current as at the date hereof or and public health crises on the global economy,the iron ore market and Champion’soperations, as well as those fac
Slide 3: Conference Call Participants
CONFERENCE CALL PARTICIPANTS ASX:CIA TSX:CIA OTCQX:CIAFF DAVID CATAFORD MICHAEL O’KEEFFE ALEXANDRE BELLEAU MICHAEL MARCOTTE Chief Executive Officer Executive Chairman Chief Operating Officer Chief Financial Officer 3
Slide 4: FY2027 Second Quarter Highlights
FY2027 SECOND QUARTER HIGHLIGHTS ASX:CIA TSX:CIA OTCQX:CIAFF 3,872,500 WMT $82.9/DMT SOLD $403.9M $267.7M CONCENTRATE PRODUCED TOTAL CASH COST1 REVENUES CASH2 4,494,100 DMT $97.9/DMT SOLD $3.7M / $23.3M $122.2M CONCENTRATE SOLD ALL-IN SUSTAINING COST1 EBITDA / ADJUSTED EBITDA1 3 WORKING CAPITAL $(0.
Slide 5: Operational and Sales Highlights
OPERATIONAL AND SALES HIGHLIGHTS ASX:CIA TSX:CIA OTCQX:CIAFF → Consolidated quarterly production of3.9Mwmt of high-purity iron ore concentrates, a 2% decrease quarter-over-quarter, resulting from inefficiencies created by the DRPF commissioning activities and scheduled maintenance on both plants at
Slide 6: Community, Governance and Sustainability
COMMUNITY, GOVERNANCE AND SUSTAINABILITY ASX:CIA TSX:CIA OTCQX:CIAFF → Organized activities in Montréal and Fermont to commemorate the National Day for Truth and Reconciliation → Signed the Land Guardians Agreement with Innu TakuaikanUashat mak Mani- utenam(ITUM), strengthening collaboration to prot
Slide 7: Segmented Results
SEGMENTED RESULTS
Slide 8: Bloom Lake Mine Operating Results
BLOOM LAKE MINE OPERATING RESULTS ASX:CIA TSX:CIA OTCQX:CIAFF → Quarterly iron ore concentrate production of3.3Mwmt(3.2M IRON ORE CONCENTRATE IRON ORE CONCENTRATE dmt), including 0.6Mwmtof iron ore produced through the DRPF PRODUCED (M WMT) SOLD (M DMT) High-purity hematite DRPF plant, and sales of3
Slide 9: Bloom Lake Mine Financial Results
BLOOM LAKE MINE FINANCIAL RESULTS ASX:CIA TSX:CIA OTCQX:CIAFF TOTAL CASH COST ALL-IN SUSTAINING COST → Land transport and port handling costs1 totalled $24.1/dmtsold, ($/DMT SOLD)1 ($/DMT SOLD)1 comparable with the prior-year period2 $90 $105 → Total cash cost1 of $82.5/dmtsold is affected by contin
Slide 10: Bloom Lake DRPF Project Update
BLOOM LAKE DRPF PROJECT UPDATE ASX:CIA TSX:CIA OTCQX:CIAFF → The DRPF Project was completed within its $500M DRPF reclaiming budget1 and is progressively ramping up as planned, to reach commercial production toward the end of the Company’s 2027 financial year → Volumes produced remained comparable q
Slide 11: Rana Gruber Results
RANA GRUBER RESULTS ASX:CIA TSX:CIA OTCQX:CIAFF OPERATING RESULTS IRON ORE CONCENTRATE IRON ORE CONCENTRATE PRODUCED3 (M WMT) SOLD3 (M DMT) → Quarterly iron ore concentrate production of0.5M wmt, an increase Hematite Magnetite 1.0 of 40% quarter-over-quarter, resulting from a full period of 0.6 owne
Slide 12: Consolidated Results
CONSOLIDATED RESULTS
Slide 13: Average Realized Selling Price
AVERAGE REALIZED SELLING PRICE ASX:CIA TSX:CIA OTCQX:CIAFF → Q2/FY27 gross average realized selling price1 of US$105.5/t, lower than the P65 index average during the period of US$ 112.8/t, negatively impacted by several factors, including: ▪ Continued short- term exposure to spot markets and ongoing
Slide 14: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS ASX:CIA TSX:CIA OTCQX:CIAFF → Quarterly revenues of $403.9M, adjusted EBITDA1 of $23.3M, EBITDA1 of $3.7M, adjusted REVENUES EPS 1 of $(0.06) and EPS of $(0.09) ($M) $600 → Financial results were negatively impacted by lower iron ore prices, higher ocean freight rat
Slide 15: Cash Change Details
CASH CHANGE DETAILS ASX:CIA TSX:CIA OTCQX:CIAFF → Cash of $214.4M, excluding cash held in Kami Iron Mine Partnership of53.3M $ → Cash increased by $15.7M quarter-over-quarter, positively impacted by robust sales volumes and favorable working capital variance → Sustaining and other capital expenditur
Slide 16: Balance Sheet and Liquidity Position
BALANCE SHEET AND LIQUIDITY POSITION ASX:CIA TSX:CIA OTCQX:CIAFF $214.4M Cash Debt net of cash of $ 913.2M $53.3M Cash in Kami Iron Mine Partnership (including working capital and BALANCE LIQUIDITY cash held in Kami Iron Mine SHEET $122.2M Working capital1 POSITION Partnership) $1,303.1 M Short-term
Slide 17: Market Update
MARKE | UPDATE pamela dub
Slide 18: Recent Market Dynamics
RECENT MARKET DYNAMICS ASX:CIA TSX:CIA OTCQX:CIAFF FREIGHT RATES AND IRON ORE PRICES HISTORICALLY MAINTAIN A STRONG RELATIONSHIP 300 50% 45% 250 40% 35% 200 30% US$/t 150 25% 20% 100 15% 10% 50 5% – – 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 P65 C3 C3
Slide 19: DR Pellet Premium Rising
DR PELLET PREMIUM RISING ASX:CIA TSX:CIA OTCQX:CIAFF RESILIENT DR PELLET PRICING DESPITE SOFTER IRON ORE ENVIRONMENT 60 120 DR pellet premium (US$/dmt, P65 basis) 55 100 P65 (US$/dmt) 80 50 60 45 40 40 20 0 35 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 P65 (U
Slide 20: Multi-Year Investment Cycle Complete
MULTI- YEAR INVESTMENT CYCLE COMPLETE ASX:CIA TSX:CIA OTCQX:CIAFF $2.5B 2 Enterprise Value CHAMPION IRON ENTERPRISE VALUE1 (C$M) Bloom Lake operating two plants (15 Mt), 3, including capabilities to produce up to 69% Fe and acquisition of Rana Gruber (2 Mt) 3,500 Cumulative investments at Bloom Lake
Slide 21: Thank You to Our Staff
THANK YOU TO OUR STAFF ASX:CIA TSX:CIA OTCQX:CIAFF UPHOLDING OUR VALUES FOR A SUSTAINABLE FUTURE TRANSPARENCY RESPECT INGENUITY PRIDE 21
Slide 22: Thank You
THANK YOU Contact us for more information: [email protected] +1 I 514-316-4858 22