2021 Annual Report

FY21 LTIP OUTCOMES 1 Executive KMP Position Performance rights issued for FY21 period 2 Number Performance rights issued for FY20 period 3 Number Peter Bradford Managing Director & CEO 182,773 4 162,617 Keith Ashby 5 Head of SHEQ & Risk - 34,579 Kate Barker General Counsel and Head of Risk & Compliance 42,016 32,710 Matt Dusci Chief Operating Officer 105,882 83,738 Andrew Eddowes Head of Corporate Development 39,915 35,514 Joanne McDonald Company Secretary and Head of Corporate Affairs 36,764 32,710 Sam Retallack Head of People & Culture 38,865 34,579 Ian Sandl General Manager - Exploration 42,016 37,383 Scott Steinkrug Chief Financial Officer 77,310 68,785 1. The service rights component of the FY20 STI were classified as an LTI in the FY20 Remuneration Report. These service rights have been reclassified and included as an STI for FY20 for comparability purposes. Refer to the table on page 56. 2. Performance rights awarded at 20-day VWAP to 24 August 2020 of $4.76. 3. Performance rights awarded at 20-day VWAP to 26 August 2019 of $5.35. 4. Approved by shareholders at the 2020 Annual General Meeting, in accordance with ASX Listing Rule 10.14. 5. Mr Ashby resigned effective 27 November 2020 therefore was not entitled to performance rights for FY21. APPROVED BY SHAREHOLDERS AT THE 2019 ANNUAL GENERAL MEETING The IGO Limited Employee Incentive Plan (EIP) was approved by shareholders at the Annual General Meeting in November 2019. The number of eligible products able to be issued under the EIP is limited to 5% of the issued capital of the Company. The 5% limit includes grants under all plans made in the previous three years (with certain exclusions under the Corporations Act 2001 ). At the end of FY21 this percentage stands at 0.53%. There are no voting or dividend rights attached to the share rights. COMPANY PERFORMANCE A key and continued focus for the Board and Company is to align Executive KMP remuneration to the achievement of strategic and business objectives of the Group and the creation of shareholder value. The table below illustrates a summary of the Group’s financial performance over the last five years as required by the Corporations Act 2001 . 2021 2020 2019 2018 2017 Revenue ($ millions) 915.0* 888.9 784.5 777.9 421.9 Profit for the year attributable to owners ($ millions) 548.7* 155.1 76.1 52.7 17.0 Dividends (cents per share) 10 11 10 3 2 Share price at year end ($ per share) 7.63 4.87 4.72 5.14 3.15 * Includes continuing and discontinued operations. IGO ANNUAL REPORT 2021— 59