IGO Interactive Annual Report 2020

FY20 Snapshot FINANCIAL SUMMARY $892M $155M 13% 104% Total revenue and other income 250% 14.0c DIVIDENDS PER SHARE PAID PROFIT AFTER TAX REVENUE AT A GLANCE EXPLORATION ACTIVITY TROPICANA PRODUCTION NOVA PRODUCTION Nova’s production exceeded the top end of metal production guidance with production of 30,436t nickel and 13,772t copper. Tropicana delivered 463,118oz of gold production on a 100% basis and produced its three millionth ounce of gold during the second half of FY20. Substantial exploration activity to unlock the mines of the future continued across the IGO portfolio, while also expanding our belt-scale land holdings. PROACTIVELY GREEN NEW DEVELOPMENT Nova Solar Farm commissioned generating enough power to displace ˜6,500t of CO 2 emissions per annum. This is equivalent to the emissions of ˜450 Australian households. Development of the Boston Shaker Underground Mine at Tropicana on track to reach commercial production in the September 2020 quarter. • Company-wide employee engagement is strong and stable with positive results across many areas: – Overall engagement score of 69%, a stable result after achieving 70% in 2019 – 91% of those surveyed said IGO has a work environment accepting of diverse backgrounds; and – 88% of those surveyed indicated that they are proud to work for IGO. • With great sadness, in September 2019, IGO reported the tragic death of one of our contractors' employees in an accident at Nova. • IGO’s Total Reportable Injury Frequency Rate (TRIFR) for FY20 was 16.9, significantly up from 9.6 for the previous year. • Establishing an improved safety culture and reducing both actual and potential incidents continued to be a key focus for the Company in FY20. FY20 was a year of unique challenges, including devastating bushfires and the COVID-19 pandemic. Throughout, IGO demonstrated remarkable resilience and adaptability. The Company achieved record revenue and underlying EBITDA for the second year in a row. Nova production exceeded guidance range for all metals and Tropicana delivered within guidance range. The performance of our two core producing assets generated underlying free cash flow of $311M and net profit after tax of $155M. These outstanding financial results reflect the quality of our world class asset portfolio and our people, who are focused on delivering high margin products made safely, ethically, sustainably and reliably. • Over $603,000 invested in Corporate Giving compared to $475,000 in FY19. • In addition to the Corporate Giving spend, IGO pledged an additional $250,000 Community Fund to be distributed to the Norseman and Esperance communities to assist with their COVID-19 and bushfire recovery plans. Making a Difference is our reason for being, our purpose. Every single person in our business has made a difference this year. OUR COMMUNITY Pg 32 • Production royalty payments from Nova to the Ngadju Native Title Aboriginal Corporation (NNTAC) totalling $3.7M, up from $3.3M in FY19. • Payments to government entities in royalties and taxes totalled $36.4M. • Admitted to the Dow Jones Sustainability Index Australia in September 2019. • A large-scale Environmental Impact Assessment (EIA) completed across all our exploration activities within the Fraser Range Project. We care about doing what is right – not just because it is good for business but because it is the right thing to do. SUSTAINABILITY Pg 34 IGO has a culture of care and, as a result strive to provide a safe place of work, a safe system of work and demonstrated safety behaviours. OUR SAFETY Pg 16 We believe that our organisational culture is an important reason why our employees choose to work for us and that building the strength of our culture is vital to our success. OUR PEOPLE Pg 12 IGO ANNUAL REPORT 2020— 3 2 — IGO ANNUAL REPORT 2020