Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Macquarie Investor Conference 2023
18 slides from Jupiter Mines's conference presentation, Nov 29, 2023
Slide 1: Company Introduction
1 Company Introduction 29 November 2023 Macquarie Investor Conference | Perth, Western Australia
Slide 2: Disclaimer
Macquarie Investor Conference | Company Introduction 2 Disclaimer This presentation is provided for information purposes only. The information in This presentation may contain forward looking statements that are based on this presentation is in a summary form, does not propose to be complete and man
Slide 3: Jupiter investment summary
Macquarie Investor Conference | Company Introduction 3 1 Jupiter is the largest manganese miner on the ASX, through its 49.9% share of one of the Jupiter world’s best manganese mines. 2 The outlook for manganese is positive, with expectations of demand growth and supply Market contraction. 3 Strateg
Slide 4: Jupiter is the largest manganese miner on the ASX
Macquarie Investor Conference | Company Introduction 4 Jupiter is the largest manganese miner on the ASX, with 49.9% ownership of Tshipi, a Tier 1 manganese mine. Ian Murray, Chairman Peter North, NED Share Price Market Cap ex Gold Road MD Safika Resources Co-founder Board of Directors A$0.175 A$343
Slide 5: Tshipi is one of the world's best manganese mines
Macquarie Investor Conference | Company Introduction 5 Tshipi is one of the world’s best manganese mines. 1 Material 3 Tshipi Sales (Mt, LHS) and Costs (US/dmtu, RHS) and Mn Price (US/dmtu, FOB, RHS) …outstanding ESG performance….. Production and 4.0 $7.00 Key ESG KPI Performance, last 4 years (out
Slide 6: Cumulative Dividends Declared
Macquarie Investor Conference | Company Introduction 6 Jupiter declared another solid dividend at the end of FY23, continuing its outstanding dividend payment track record. Jupiter Dividends as a % of Market Capitalisation $400 120% Cumulative Dividends Declared (A$m) 108% 1. Jupiter has a dividend
Slide 7: Manganese market outlook is constructive for growth
Macquarie Investor Conference | Company Introduction 7 The manganese market outlook is constructive for growth, with demand growth and supply contraction expected. …due to continuing growth from steel and new demand from 1 More manganese ore supply will be needed… 2 EV batteries. Manganese Demand vs
Slide 8: Accelerating demand for manganese in EV cathodes
Macquarie Investor Conference | Company Introduction 8 Accelerating growth in demand for manganese containing EV cathode types, combined with a lack of supply (especially ex China) will create a pronounced shortage of battery grade manganese by 2030. Forecast high growth in demand for …combined with
Slide 9: South Africa's opportunity to increase export volumes
Macquarie Investor Conference | Company Introduction 9 Already the leading manganese supplier, South Africa has the clearest opportunity to increase export volumes… Manganese Ore Market Share (% of Global Production, Reserves) 80% 73% Reserves 70% Reserves 60% Clear leaders in global Production 50%
Slide 10: Significant production and endowment of major KMF mines
Macquarie Investor Conference | Company Introduction 10 …due to the significant production and endowment enjoyed by the major KMF mines, including Tshipi. Mine Production Mine Life Distance from Ownership 1. Significant production: the nine mines (order: South to North) (Mt, 2022) (years to go) Tshi
Slide 11: Tshipi mine location and neighbourhood
Macquarie Investor Conference | Company Introduction 11 Tshipi mine location and neighbourhood.
Slide 12: Jupiter aims to be the largest manganese producer by 2028
Macquarie Investor Conference | Company Introduction 12 Jupiter aims to be the largest manganese producing company in the world by 2028, while sustaining and improving customer, ESG and shareholder return outcomes.
Slide 13: Strategies to improve efficiency, grow volume and enter EV battery market
Macquarie Investor Conference | Company Introduction 13 These objectives will be achieved through strategies to improve operating efficiency, grow production volume and enter the EV battery market, while being accountable to a new ESG framework.
Slide 14: Work on all elements of the strategy is underway
Macquarie Investor Conference | Company Introduction 14 Work on all elements of the strategy is underway, with recent important updates provided (and more to come). 1 Fittest in the Field 2 Industry Leader Work on all initiatives is progressing. Planning work for optimising Tshipi’s production volum
Slide 15: Potential to supply EV battery grade manganese
Macquarie Investor Conference | Company Introduction 15 The potential for Jupiter to supply EV battery grade manganese appears promising and attractive. 1. Jupiter has successfully produced a sample of EV battery industry compliant, battery grade, manganese. The sample was produced using Tshipi “low
Slide 16: Share price undervalued based on dividend track record
Macquarie Investor Conference | Company Introduction 16 Based on its dividend track record and policy, Jupiter’s share price is undervalued… Jupiter has paid an average of A$44m p.a in dividends over the Based on ASX valuation norms (and its dividend history) 1 2 past 3 years. Jupiter’s share price
Slide 17: Compelling investor value proposition
Macquarie Investor Conference | Company Introduction 17 …underpinning a compelling investor value proposition. Commitment to continuing to pay strong 1 2 + Growth Upside… 3 + Manganese Price Upside. dividends… JMS Five Year Growth Target: Mn Ore Production (Equity Share) Manganese Price Today vs 5 Y
Slide 18: For more information contact
18 For more information contact: Investor Relations @ Jupiter investorrelations@jupitermines.com JUPITER MINES LTD | jupitermines.com