Petra Diamonds Limited · LSE:PDL
Petra Diamonds — Shareholder Meeting (January 2011)
16 slides from Petra Diamonds's shareholder meeting presentation, Jan 10, 2011
Slide 1: Petra Diamonds AGM 10 January 2011
The 507 carat Cullinan Heritage – sold for US$35.3m Petra Diamonds AGM 10 January 2011
Slide 2: Important Notice
Important Notice These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the Company nor shall they or any part of them form the basis of or be relied upon in any manner
Slide 3: 2010 Highlights (calendar year)
2010 Highlights (calendar year) • Feb 2010: 507 carat Cullinan Heritage diamond sold for US$35.3m • May 2010: Acquisition of Kimberley Underground mines in South Africa • N 2010: Nov 2010 Fully F ll financed fi d expansion i programmes • New debt facilities of US$83m supplied by IFC and RMB to assur
Slide 4: A Unique Growth Profile
A Unique Growth Profile million Gross Production Gross Revenue Recovery in carats Major US$ million rough diamond increase due prices & sale of 1.4 to higher volume 200 Cullinan H it Heritage Cullinan mine 180 1.2 Acquisitions of Cullinan 160 and Willi Williamson 1.0 140 120 Acquisition 0.8 of Koffi
Slide 5: Track Record – Profitable Mining Operations
Track Record – Profitable Mining Operations US$M • Building a record of profitable mining activities since 2006 • Profitable division even during downturn & 67.2 period of very low diamond prices • Capital intensive exploration activities downscaled to focus on Botswana programme 38.8 OUTLOOK • Robu
Slide 6: Growth Profile – Delivering Results
Growth Profile – Delivering Results EBITDA* Profit After Tax EPS US$M US$M US cents 80 80 70.2 02 30 70.9 22.65 70 60 20 60 40 10 50 -49.38 20 0 40 -89.0 0 10 -10 30 -20 -20 20 40 -40 30 -30 10 -8.6 0 -60 -40 10 -10 80 -80 50 -50 -20 FY 2009 FY 2010 -100 FY 2009 FY 2010 -60 FY 2009 FY 2010 FY 2009 r
Slide 7: The Diamond Market
The Diamond Market • Diamond supply constraints - world’s largest diamond mines are past their peak • Significant supply / demand deficit expected to emerge in three years • Rio Ti Ri Tinto t comment: t ““supply l side id iissues ffacing i ththe di diamond d iindustry d t are ‘5 ‘5x worse’’ th than
Slide 8: Production – Expansion Plans
Production – Expansion Plans Mine Cullinan Williamson Koffiefontein Kimberley pected ROM Expected O totonnes es 23 2.3 21 2.1 09 0.9 06 0.6 FY2011 (Mtpa) Expansion ROM tonnes 4.0 (FY2019) 10.0 (FY2014) 1.2 (FY2017) 1.0 (FY2012) (Mtpa) US$ / ROM carat* 105 200 480 250 ROM grade (cpht)* 50.0 6.0 8.7 1
Slide 9: Expansion Plans On Track
Expansion Plans On Track CULLINAN WILLIAMSON • Steady growth from underground • 3 year expansion i plan l iin progress production • Pit-shaping operations underway - stockpile • Decline already passed 800m Level of 750,000 tonnes • Capex in line with forecasts • Limited alluvial production in FY 201
Slide 10: Production and Revenue Growth Profile (Gross)
Production and Revenue Growth Profile (Gross) 4 600 3 450 Gross Revenue Carats 2 300 in 2010 terms ( illi (millions) ) (US$m) 1 150 0 - FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 (Actual) Cullinan Koffiefontein Kimberley U/G Williamson Fissures Revenue 10
Slide 11: Petra – A Unique Diamond Investment
Petra – A Unique Diamond Investment • Unique growth profile Grow production to 2.5m+ carats by FY 2014 and 3m+ carats b by FY 2019 • Proven track record History of delivery on operational targets • Production focused 7 producing kimberlite mines Minimal exposure to exploration • Major resource 261m
Slide 12: Thank You
The 507 carat Cullinan Heritage – sold for US$35.3m Thank You
Slide 13: Capital Structure
Capital Structure High Quality Shareholder Base 7 Jan 2011 Share Price Chart Al Rajhi Holdings W W.W.L. WL 18 0% 18.0% Saad Investments Company Limited 17.2% JP Morgan Asset Management (UK) Limited 9.3% Capital Group International, Inc. 7.1% Scottish Widows Investment Partnership 6.2% BlackRock Inve
Slide 14: The Petra Executive Board
The Petra Executive Board Adonis Pouroulis Johan Dippenaar David Abery Jim Davidson Chairman CEO Finance Director Technical Director Successful mining entrepreneur One of South Africa’s most Extensive experience as Chief Acknowledged world authority successful diamond Financial Officer in South on k
Slide 15: Major Diamond Resource
Major Diamond Resource Total carat base Attributable carat base Cullinan 203.3 Cullinan 150.5 Williamson 40.0 Williamson 30.0 Koffiefontein 5.7 Koffiefontein 4.0 Kimberley 7.5 Kimberley 5.5 Fissures 4.6 Fissures 4.5 261 million carats 194 million illi carats t 25
Slide 16: Petra Diamonds Cathy Roberts
The 507 carat Cullinan Heritage – sold for US$35.3m Petra Diamonds Cathy Roberts cathyr@petradiamonds com cathyr@petradiamonds.com +44 20 7318 0452 www.petradiamonds.com