Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Stanmore Coal — Q2 FY2018 Earnings Presentation
16 slides from Stanmore Resources's earnings presentation, Jan 29, 2018
Slide 1: December 17 Quarterly Presentation
For personal use only DECEMBER 17 QUARTERLY PRESENTATION
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only This document has been prepared by Stanmore Coal own objectives, financial situation and needs and seek current market conditions. Forward looking statements Limited (“Stanmore Coal”) for the purpose of providing a appropriate advice, including financial,
Slide 3: Stanmore Coal Overview: The Right Path to Value
STANMORE COAL OVERVIEW THE RIGHT PATH TO VALUE For personal use only ASX code Share price INDEPENDENT COAL COMPANY SMR A$0.6751 Positioned in right commodity in the right time of the cycle. Shares Market cap ISAAC PLAINS OPERATIONAL WITH DEMONSTRATED 251,800,978 $170.0m1 PERFORMANCE Validation that
Slide 4: Board of Directors
BOARD OF DIRECTORS WEALTH OF EXPERIENCE CREATING THE BUILDING BLOCKS FOR A GROWING ORGANISATION For personal use only • Over 40 years’ experience in most facets of the Queensland and NSW resource sectors. NEVILLE SNEDDON • Neville has developed and operated both underground and open cut mines. NON-E
Slide 5: Board of Directors
BOARD OF DIRECTORS WEALTH OF EXPERIENCE CREATING THE BUILDING BLOCKS FOR A GROWING ORGANISATION For personal use only • Chairman of boutique corporate advisory and funds management group Bizzell Capital Partners Pty Ltd. STEPHEN BIZZELL • Stephen was Executive Director of Arrow Energy Ltd until its
Slide 6: The Leadership Team
THE LEADERSHIP TEAM For personal use only • More than 20 years’ experience in the coal mining industry DAN CLIFFORD • Has worked in Australia, South Africa and New Zealand MANAGING DIRECTOR • Substantial open cut and underground coal mining experience • Previously roles were with Solid Energy, Glenc
Slide 7: The Strategy
THE STRATEGY CASH GENERATION, CAPITAL LIGHT APPROACH AND FUNDING ALL IN PLACE DRIVING CERTAINTY IN STRATEGIC OUTCOMES For personal use only 2017 2018–2019 2020–2025 2025 onwards CURRENT POSITION PHASE 1 – SHORT TERM PHASE 2 – MEDIUM TERM PHASE 3 – LONG TERM • ‘Sweat’ the asset to 3.5Mt ROM feed • Si
Slide 8: December Quarter Highlights
DECEMBER QUARTER HIGHLIGHTS FULL YEAR PRODUCTION GUIDANCE ON TRACK WITH SIGNIFICANT GROWTH IN FY19 IMMINENT For personal use only ISAAC PLAINS • Successful planned dragline shutdown for scheduled maintenance completed over a 16 day period • Underlying EBITDA for FY18 H1 in line with guidance of $17-
Slide 9: Health and Safety
HEALTH AND SAFETY 12% IMPROVEMENT IN TRIFR IN H1 FY18 TRENDING TOWARDS TARGET OF 8.0 For personal use only Stanmore Coal Safety Statistics Past 12 Months to Date 16.00 12.00 8.00 4.00 - Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 TRIFR TRIFR Target (rol
Slide 10: Quarter Ending December
QUARTER ENDING DECEMBER 17 STRONG SALES IN FIRST HALF COMBINED WITH THE OPERATIONAL PLATFORM HAS SET UP A VALUABLE 2ND HALF FOR FY18 For personal use only Quarter Ended Year-to-date Dec Sept Change Dec Change Dec Dec Change Thousands of tonnes 2017 2017 %* 2016 %* 2017 2016 %* ROM coal produced 271
Slide 11: Half Ending December
HALF ENDING DECEMBER 17 STRONG SALES IN FIRST HALF COMBINED WITH THE OPERATIONAL PLATFORM HAS SET UP A VALUABLE 2ND HALF FOR FY18 For personal use only Prime Waste (bcm) ROM Tonnes (kt) 30,000 2,500 25,000 2,000 1. 20,000 Prime waste (bcm) ROM Tonnes (kt) 1,500 15,000 1,000 10,000 500 5,000 0 0 H1 F
Slide 12: The Strategy into Action during FY18/19
THE STRATEGY INTO ACTION DURING FY18/19 CASH GENERATION AND FULL UTILIZATION OF THE INFRASTRUCTURE REMAINS FRONT AND CENTRE FOR FULL SHAREHOLDER VALUE For personal use only 2018–2019 Maximising current assets Toll Loading Progressing Production in Early Q1 FY19 Taken into Bankable Feasibility Value
Slide 13: The Strategy into Action during FY18/19
THE STRATEGY INTO ACTION DURING FY18/19 THE COMBINATION OF PRICE, TIMING OF PROJECTS AND FLEXIBILITY IN INFRASTRUCTURE POSITIONS STANMORE WELL TO ACCELERATE EBITDA GROWTH INTO FY19 For personal use only 4,000 350 3,500 300 3,000 1,200 250 2,500 200 US$/tonne ROM tonnes 2,000 150 3,500 217 1,450 1,50
Slide 14: The Strategy into Action
THE STRATEGY INTO ACTION WITH ISAAC PLAINS MAXIMIZED, FURTHER OPPORTUNITY EXISTS For personal use only • Priority placed on Belview (medium-term focus) • Exploration planning commenced for Lilyvale and EPC755 to the south of Isaac Plains Complex • A review of The Range Project (Surat Basin) has 2020
Slide 15: Quarterly Results
QUARTERLY RESULTS QUARTERLY PERFORMANCE AND ADJUSTMENT FOR DRAGLINE AND CHPP SHUTDOWN For personal use only Prime waste overburden (bcm) ROM tonnes mined Normalised for 16 day Dragline shutdown Normalised for 16 day Dragline shutdown 10,000 700 600 8,000 500 k tonnes 6,000 400 k bcm 4,000 300 200 2,
Slide 16: Isaac Plains Complex
ISAAC PLAINS COMPLEX For personal use only Isaac Plains Isaac Plains CHPP Isaac Plains East Isaac Plains UG December 17 Quarterly Presentation 16