Champion Iron Project Overview and Cost Structure
ROBUST FINANCIAL RESULTS AND BALANCE SHEET
CHAMPION IRON ☑
TSX: CIA | ASX: CIA | OTCQX: CIAFF
→ Robust financial results and liquidity, positioning the Company to diligently consider growth opportunities
while continuing its capital return strategy
ADJUSTED EPS (C$)¹
$ 0.58
$0.00
6
FY19
FY20
FY21
FY22
FY23
LTM
EBITDA (C$M)¹
BALANCE SHEET AS AT DECEMBER 31, 2023
$1.50
$387.4M Cash and cash equivalents
$1.00
$228.OM Working capital 1,2
$0.50
$549.5M Short-term & Long-term debt
3
Cash net of debt of $65.9M 4
$550.3M Available & undrawn loans
$1,000
I
IN
Five semi-annual dividends of $0.10 per share
declared to date
$500
The Company expects its liquidity position to
gradually benefit from the sales of the 2.4M wmt
of iron ore concentrate stockpiled at Bloom Lake
$ 663.2
$0
6
FY19°
FY20
FY21
FY22
FY23
Notes: 1 Non-IFRS financial measure, ratio or other financial measure. Refer to the disclaimer at the page 2 of this presentation 12 Receivables: $181.2M; Prepaid expenses and advances: $47.4M; Inventories: $284.1M; accounts payable and other: ($244.3M);
Income tax payable: ($40.4M) | 3 Short-term and long-term debt face value includes US$230M term loan, US$85.2M from Caterpillar Financial Services, $75M from FTQ and $57.6M from Investissement Québec | 4 Including working capital | 5 Undrawn loans
included US$400M revolving facility and US$16M from Caterpillar Financial Services | 6 FY2019 reflects Bloom Lake's commissioning year
LTM
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