Investor Presentaiton

NAC NICKEL ASIA CORP. JSI FINANCIAL HIGHLIGHTS (1Q'2022 to 1Q'2023) Generation (in MWh) 37,628 " 23,440 - " D Revenues (In PHP m) 182.25 D 99.10 D D B D EBITDA (In PHP m) 151.35 79.76 25 1Q'22 1Q'23 ■1Q'22 1Q'23 1Q'22 1Q'23 B 1Q'22 1Q'23 - 1Q'22 1Q'23 1Q'22 1Q'23 1Q'22 1Q'23 YoY% change Generation (in MWh) 23,440 37,628 61% Revenues (Php in millions) 99.09 182.25 85% EBITDA (Php in millions) 79.76 151.35 90% NIAT (Php in millions) 14.23 26.30 85% EBITDA Margin 80% 83% 300 bps Weighted Realized Tariff (in Php) 4.23 4.84 15% Presently operating at 100MW vs only 62 MW in previous year Positive impact due to higher generation and WESM prices within 80-85% target Sustainable profitability because of economies of scale and market conditions Within 80-85% target Tight supply in the Philippines driving prices higher Source: Company Data

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