IGO Annual Report 2016

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Annual Report 2016 1
FINANCIAL SNAPSHOT
• Completed the acquisition and
integration of Sirius Resources
NL into the IGO Group
• Released the inaugural
Sustainability Report
• Tropicana Gold Mine celebrated
1 Million ounce milestone
• Completed the Nova
Project Optimisation Study
demonstrating significant value
up-lift
• Rationalisation and
prioritisation of exploration
expenditure for FY16
• First Ore mined in development
at Nova
• Significant investment at
Tropicana Gold Mine to expand
capacity and unlock resource
upside potential
Financial Summary
Highlights
FY16
$M
FY15
$M
FY14
$M
Total revenue and other income 417 499 399
Underlying EBITDA1 137.5 213 142
(Loss) profit after tax (59) 77 49
Net cash flow from operating activities 95 202 129
Free cash flow1 (328) 116 30
Total assets 2,007 820 781
Cash 46 121 57
Marketable securities 5 16 1
Total liabilities 552 155 171
Shareholders’ equity 1,456 665 610
Net tangible assets per share ($ per share) $2.85 $2.84 $2.62
Dividends per share – fully franked (cents) 2.5 8.5 8.0
Share Price
1 See Notes to Glossary of Terms for definitions
2016 HIGHLIGHTS
IGO HISTORICAL PAYABLE METAL
Zinc (t)
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
-
FY15 FY16 FY13 FY14 FY12
Domestic Instos
International Instos
Nickel (t)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-
FY15 FY16 FY13 FY14 FY12
Copper (t)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-
FY15 FY16 FY13 FY14 FY12
1 Gold production at Tropicana commenced in FY14
1 As at 7 September 2016
Sep 15
14
12
10
8
6
4
2
-
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
-
Oct 15 Nov 15Dec 15 Jan 16 Feb 16 Mar 16Apr 16May 16Jun 16 Jul 16
Aug 16Sep 16
Volume (M) Price (A$)
31%
69%
Substantial Holders(1)
Mark Creasy 17%
Van Eck 11%
FIL Limited 10%
Ausbil 5%
Institutional Ownership(1)
Australia 69%
USA & Canada 18%
UK & Europe 3%
Rest 10%
Share Ownership
Instos
Retail & Other
27%
73%
Gold (oz)
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
-
FY15 FY16 FY13 FY14 FY12