Sotkamo Silver Ab · NGM:SOSI
Sotkamo Silver Ab — Q4 2022 Earnings Presentation
22 slides from Sotkamo Silver Ab's earnings presentation, Feb 14, 2023
Slide 1: Sotkamo Silver AB Q4/2022 Release Info
Sotkamo Silver AB Q4/2022 Release Info Tilaisuus alkaa kello 10:00 1
Slide 2: Sotkamo Silver AB Q4/2022 Release Info
Sotkamo Silver AB Q4/2022 Release Info CEO Mikko Jalasto CFO Tommi Talasterä February 14, 2023 2
Slide 3: Agenda of today
Agenda of today • Q4/2022 and Operational Update – CEO Mikko Jalasto • Financial Result of Q4/2022 and Year-End – CFO Tommi Talasterä • Guidance, Medium-term Targets and Outlook • Questions and Answers 3
Slide 4: Agenda of today
Agenda of today • Q4/2022 and Operational Update – CEO Mikko Jalasto • Financial Result of Q4/2022 and Year-End – CFO Tommi Talasterä • Guidance, Medium-term Targets and Outlook • Questions and Answers 4
Slide 5: Highlights of the Q4 2022
Highlights of the Q4 2022 Zero • Silver head grades improved during Q4 Improving head and are expected to improve further Lost Time during 2023 grades Incidents • Zero Lost Time Incidents and LTIFR 3,7 • 2022 drilling results published 2022 Drilling Increased • Company profitability improved during
Slide 6: Ore production and Silver grade
Ore production and Silver grade 6
Slide 7: Metal production
* Metal production Silver koz 400 1100 300 850 600 200 350 100 100 0) “150 PP rh, FP ph pp” Lead tons Zinc tons 600 1.200 400 WWW.SILVER.FI
Slide 8: 2022 Drilling Results – Key aspects
2022 Drilling Results –Key aspects Surface drilling on known lower parts of the Surface drilling result support mineralization -Targeted at levels in depth of 500–700 meters current LOM -Results support the mineral resource and ore reserve update published in June 2022 Underground infill drilling on
Slide 9: 2022 Drilling Results – supporting pictures
2022 Drilling Results – supporting pictures Underground infill drilling on Potential new mineralization next 360-500 meter levels to known ore lenses 100 300 400 400 500 700 9
Slide 10: Agenda of today
Agenda of today • Q4/2022 and Operational Update – CEO Mikko Jalasto • Financial Result of Q4/2022 and Year-End – CFO Tommi Talasterä • Guidance, Medium-term Targets and Outlook • Questions and Answers 10
Slide 11: Highlights of the Q4 2022
Highlights of the Q4 2022 Net sales was 100 MSEK compared to the previous Net sales was at last year's level and increased year 99 MSEK. The rapid EBITDA was 19 MSEK compared to the previous two quarters. Good rise in metal prices in Q4 (28) metal price development had a positive impact had a positi
Slide 12: Profitability improved during Q4 2022
Profitability improved during Q4 2022 Net sales and profitability improved during Net Sales MSEK EBITDA MSEK Q4 as metal prices and production volumes 140 50 increased. The Company was able to cope 120 40 with fluctuating electricity prices without 100 30 significant production disturbances 80 20 60
Slide 13: Highlights of the Full-Year 2022
Highlights of the Full-Year 2022 Net sales decreased by 4 %. The main driver was the lower production volume of silver due to the lower metal content in the ore Net sales was 371 EBITDA was 53 Profitability margins were on a good level during Q1 MSEK (387) MSEK (92) 2022 but decreased during the fol
Slide 14: Income statement 2022
Income statement 2022 2022 2021 2022 2021 Amount in MSEK Q4-22 Q4-21 FY22 FY21 Net sales 100,1 99,4 370,9 386,8 Change of finished goods -1,6 0,8 1,1 1,3 Other income 7,1 1,1 11,1 0,6 Supplies -54,8 -47,7 -215,7 -203,8 Other expenses -20,1 -15,8 -71,4 -53,7 Employee expenses -11,3 -10,2 -42,7 -39,2
Slide 15: Balance sheet 31.12.2022
Balance sheet 31.12.2022 Amount in MSEK 31.12.2022 31.12.2021 Assets Fixed assets Intangible fixed assets 0,3 0,0 Tangible fixed assets 536,7 516,4 Right of use assets 11,1 29,6 Financial fixed assets 36,4 35,1 Total fixed assets 584,5 581,1 Current assets Inventories 6,9 5,3 Trade receivables 39,0
Slide 16: Cash flow statement 2022
Cash flow statement 2022 1.1.2022- 1.1.2021- Amount in MSEK 31.12.2022 31.12.2021 Operating activities Result for the period -27,8 -17,5 Adjustments for items not effecting cash 76,0 105,2 Interests paid -22,5 -21,0 Cash flow from operating activities before changes in working 25,8 66,7 capital Cash
Slide 17: Strengthening the Company's financial position
Strengthening the Company's financial position The BoD has resolved share issues in order to strengthen the Company’s financial position. The planned share Share Issues Issues consist of a rights issue of EUR 4.0M and a directed issue of EUR 1.0M. The subscription period for the share issues will co
Slide 18: Agenda of today
Agenda of today • Q4/2022 and Operational Update – CEO Mikko Jalasto • Financial Result of Q4/2022 and Year-End – CFO Tommi Talasterä • Guidance, Medium-term Targets and Outlook • Questions and Answers 18
Slide 19: Positive Outlook
Positive Outlook Metal content Metal prices Price of electricity Moving the mining operations to new levels Good price development during the Q4 22 The price of electricity has fallen and below 360m level has been progressing as Global silver demand is expected to reach a according to the forecasts
Slide 20: Guidance for 2023 and Medium-term Targets
Guidance for 2023 and Medium- term Targets The Company gave guidance for the year 2023 and defined medium-term operational and financial targets to support the implementation of the strategy Guidance for 2023: • The Company expects to produce 1.4 -1.5 million ounces of silver in 2023. However, Compa
Slide 21: Agenda of today
Agenda of today • Q4/2022 and Operational Update – CEO Mikko Jalasto • Financial Result of Q4/2022 and Year-End – CFO Tommi Talasterä • Guidance, Medium-term Targets and Outlook • Questions and Answers 21
Slide 22: Sotkamo Silver in Sweden and Finland
Sotkamo Silver in Sweden Sotkamo Silver AB Nybrogatan 34/Box 5216 SE-102 45 Stockholm Sotkamo Silver in Finland Sotkamo Silver Oy Hopeatie 20 FI-88600 SOTKAMO Telephone +358 44 733 2355 22