2021 Annual Report

FY21 A$M FY20 A$M FY19 A$M FY18 A$M FY17 A$M Total revenue and other income 919 1 892 793 781 422 Underlying EBITDA 2 475 460 341 339 151 Profit after tax 549 3 155 76 53 17 Net cash flow from operating activities 446 398 372 278 78 Underlying free cash flow 2 363 311 278 138 (113) Total assets 3,609 2,293 2,190 2,175 2,208 Cash 529 510 348 139 36 Marketable securities 111 108 28 24 15 Total liabilities 409 367 341 396 476 Shareholders’ equity 3,200 1,926 1,849 1,779 1,733 Net tangible assets per share (A$ per share) 4.30 3.26 3.13 3.03 2.95 Dividends (cents per share) 10 11 10 3 2 FY21 Financial Summary 1. Revenue and Other Income from continuing and discontinued operations (excluding profit on sale of Tropicana of A$557M). 2. See Glossary on page 140 for definition. 3. Profit after tax includes gain on the sale of Tropicana after tax of A$385M. Profit after tax excluding this gain was A$164M. Share Price Performance As at 20 August 2021. 1 Historic metal production of nickel, copper and cobalt includes metal units produced in concentrate (Nova and Jaguar) and metal in ore (Long). 2 The Long and Jaguar Operation’s were divested in May 2019 and May 2018 respectively. 3 Gold production for FY21 was lower than FY20 due to the divestment of Tropicana on 31 May 2021. Historical Payable Production 1 The historical payable metal charts represent five years of contribution from IGO’s current operations and historical contributions from the Long, Jaguar and Tropicana operations that are no longer in the IGO portfolio 2 . In FY21 all nickel, copper and cobalt was derived from the Nova Operation, with all gold contributed from the Tropicana Joint Venture (IGO: 30% share). NICKEL ( t ) COPPER ( t ) COBALT ( t ) GOLD ( oz ) 3 25,000 20,000 5,000 0 15,000 10,000 FY20 FY19 FY18 FY17 FY21 500 350 400 450 100 150 200 250 300 50 0 FY21 FY20 FY19 FY18 14,000 8,000 10,000 12,000 6,000 4,000 0 2,000 FY20 FY19 FY18 FY17 FY21 18,000 12,000 14,000 16,000 10,000 2,000 4,000 6,000 8,000 0 FY20 FY19 FY18 FY17 FY21 $0.00 0 $2.00 5,000,000 $4.00 10,000,000 $6.00 15,000,000 $8.00 20,000,000 $10.00 25,000,000 $12.00 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug 21 A$/SHARE VOLUME Share Price Volume MAX: A$9.89 MIN: A$4.03 IGO ANNUAL REPORT 2021— 7