Nickel Industries Ltd (ASX:NIC)
A$ 0.885 -0.015 (-1.67%) Market Cap: 3.80 Bil Enterprise Value: 4.40 Bil PE Ratio: 21.07 PB Ratio: 1.06 GF Score: 64/100

Full Year 2022 Nickel Industries Ltd Earnings Call Transcript

Feb 28, 2023 / 12:00AM GMT
Release Date Price: A$0.98 (+2.08%)
Operator

Thank you for standing by, and welcome to the Nickel Industries Limited 2022 FY Results Call. (Operator Instructions) I would now like to hand the conference over to Mr. Justin Werner, Managing Director. Please go ahead.

Justin Charles Werner
Nickel Industries Limited - MD & Director

Thank you, and thank you, everyone, for your attendance on today's call for the Nickel Industries' full year 2022 results. I'm pleased to report an extremely strong year for Nickel Industries and the investment in our RKEF lines, you can see is being reflected in the results for 2022.

Records across all fronts, our group EBITDA of USD 339 million, record gross profit, $294 million, record operating profit of USD 257 million (sic) [USD 258.9], and record profit after tax of USD 209 million. Remember, this is a company that's only recently been listed a little over 4 years. And 4 years ago, we had 0 nickel metal production.

Last year, our nickel metal production was 70,079 tonnes, a significant increase on the 45,000 tonnes for 2021. Our attributable nickel

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