Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Q3 2024 Earnings Presentation
14 slides from Triple Flag Precious Metals's earnings presentation, Nov 6, 2024
Slide 1: Q3 2024 Results Presentation
Q3 2024 RESULTS PRESENTATION November 6, 2024 TRIPLE FLAG PRECIOUS METALS
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
Q3 2024 RESULTS PRESENTERS Sheldon Vanderkooy Eban Bari James Dendle CEO and Director CFO COO TRIPLE FLAG PRECIOUS METALS Sheldon Vanderkooy, CEO 3
Slide 4: Triple Flag Q3 2024
Q3 2024 RESULTS TRIPLE FLAG Q3 2024 Record GEOs and financial results 30 koz GEOs 1 $63M Adjusted EBITDA $62M operating cash flow On track to achieve 2024 guidance of 105-115 koz 1 2028E GEOs outlook of 135-145 koz 1 Northparkes continuing strong 2024 with 6.7 koz GEOs delivered in Q3
Slide 5: Q3 2024 Financials
Q3 2024 RESULTS Q3 2024 Financials $ thousands, except GEOs, per share metrics, and asset margin Q3 2024 Q3 2023 Gold Equivalent Ounces (GEOs) 1,2 29,773 25,629 Revenue $73,669 $49,425 Net Earnings $29,649 ($6,041) EPS $0.15 ($0.03) Adjusted Net Earnings 2 $29,611 $20,415 GEOs up 16% Adjusted EPS 2
Slide 6: Pure Play Precious Metals
Q3 2024 RESULTS PURE PLAY PRECIOUS METALS Asset Commodity Geography Q3 2024 Revenue Q3 2024 Revenue Q3 2024 Revenue Diversified 100% Precious 79% Australia revenue Metals and Americas Cerro Lindo 23% Gold 67% Australia 34% Northparkes 23% Silver 33% Latin America 30% Bonikro 7% Other <1% North Ameri
Slide 7: Strong Cash Flow
Q3 2024 RESULTS STRONG CASH FLOW Operating Cash Flow and Net Earnings and Gross Profit Margin and Free Cash Flow 1 Adjusted EBITDA 2 Asset Margin 3 (US$M) (US$M) (% of revenue) $205 $188 92% 91% 91% 90% 92% 89% 87% 91% $162 $154 $123 $118 $96 $120 $118 55% 57% 55% 50% $56 44% $55 $48 $46 $84 $34 $36
Slide 8: Beta Hunt: Robust exploration results and expansion underway
Q3 2024 RESULTS BETA HUNT Robust exploration results and expansion underway Beta Hunt Asset Beta Hunt Gold Mine Western Australia Operator Acquired Beta Hunt via the merger with Karora Resources in 2024 Location Western Australia 3.25% GR royalty 1 TFPM Asset 1.5% NSR royalty 2 Q3 2024 GEOs 1.1 koz
Slide 9: Beta Hunt: Expanding from 1.6 Mtpa to 2 Mtpa
Q3 2024 RESULTS BETA HUNT Expanding from 1.6 Mtpa to 2 Mtpa Beta Hunt Overview 7 km footprint o Southern 3 km is largely untested 4 key orebodies to date o Western Flanks is the largest Orebodies offset along the Alpha Island Fault Mineral Resources (M&I,I) o M&I (incl): 1.6 Moz at 2.74 g/t
Slide 10: Beta Hunt: Robust drill results at Fletcher Zone
Q3 2024 RESULTS BETA HUNT Robust drill results at Fletcher Zone Fletcher Zone Discovery Fletcher Zone is a substantial discovery at Beta Hunt 1 o Interpreted to represent a new gold mineralized structure parallel and 300 meters west of the Western Flanks deposit of the mine o Western Flanks is cur
Slide 11: Triple Flag Overview
Q3 2024 RESULTS TRIPLE FLAG OVERVIEW Track record, continued organic growth and capital to grow value Leading Sustainability $3.5B 105-115 koz 135-145 koz Ratings 2024E GEOs 2028E GEOs Market Cap 1 Guidance 2 Outlook 2 Leading Insider 235 Assets $0.22/sh ~$700M Ownership and Alignment 30 Producing A
Slide 12: Q&A
Q&A BURITICA TRIPLE FLAG TSX:TFPM PRECIOUS METALS | NYSE:TFPM 12
Slide 13: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure that is based on stream and royalty interests and calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is determ
Slide 14: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) Adjusted EBITDA Three months ended Six months ended Three months ended Six months ended September 30 September 30 September 30 September 30 ($ thousands) 2024 2023 2024 2023 ($ thousands, except average gold price and GEOs info
Triple Flag Precious Metals Corp. Common Shares — Q3 2024 Earnings Presentation on 6ix