St. Barbara Ltd. · ASX:SBM
St. Barbara — Shareholder Meeting (October 2020)
38 slides from St. Barbara's shareholder meeting presentation, Oct 28, 2020
Slide 1: Presentations to 2020 Annual General Meeting and webcast
ASX Release / 28 October 2020 Presentations to 2020 Annual General Meeting and webcast Attached are the Chairman’s address and the Managing Director and CEO’s presentation to the 2020 Annual General Meeting being held today. The meeting will be held via a live webcast at 11:00 am Melbourne time (UTC
Slide 2: Chairman's address to shareholders
St Barbara Limited 2020 Annual General Meeting Chairman’s address to shareholders INTRODUCTION Good morning ladies and gentlemen and welcome to St Barbara’s 2020 Annual General Meeting. Thank you for joining us for our first virtual AGM. I really appreciate your interest in St Barbara. I would like
Slide 3: Chairman's address: COVID-19 and FY20 financial performance
Building on our long-standing values, we have launched five business commitments that guide how we operate our business and care for our people. The first of these commitments is Safety Always, with Zero Harm as our target. This means Zero Harm to all people as we responsibly operate our assets to t
Slide 4: Chairman's address: operational performance
a strong fourth quarter of the 2020 financial year – with the mill achieving its highest throughput since 2014. I recently visited Leonora Operations – from my home here in Perth – and was encouraged by the focus of the management team. Craig will take you through some of the changes we’ve made acro
Slide 5: Chairman's address: diversity and carbon neutrality
We are also establishing new objectives with regard to the proportion of both women and First Nation employees at our Atlantic Gold Operations and I look forward to articulating and progressing both in the coming year. At St Barbara, we endorse the Carbon Disclosure Project, the United Nations Globa
Slide 6: Annual General Meeting 2020
Annual General Meeting 2020 28 October 2020 Craig Jetson Managing Director and CEO 1 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 7: Disclaimer
Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Compa
Slide 8: Contents
Contents Company vision and purpose Our commitments FY20 performance Building Brilliance Looking ahead Exploration 3 / Annual General Meeting 28 October 2020
Slide 9: We're here to create value in everything we do
We’re here to create value in everything we do, for our people, our communities and our shareholders Our vision is to be a brilliant, global mining company that grows sustainably and creates enduring, positive impacts. 4 / Annual General Meeting 28 October 2020
Slide 10: We are guided by our five commitments and our values-led culture
We are guided by our five commitments and our values-led culture SAFETY EMPOWERED PEOPLE STRONGER RESPECTING THE GROWING ALWAYS DIVERSE TEAMS COMMUNITIES ENVIRONMENT SUSTAINABLY 5 / Annual General Meeting 28 October 2020
Slide 11: Safety Always
Our focus on safety guides everything we do Overall TRIFIR1 down from 5.0 in 2019 to 3.0 in 2020, ahead of the mining industry average2 Regular Gender Smart Safety Audits conducted to recognise and respond to the needs of women No COVID-19 cases detected at sites, however risk remains SAFETY and vig
Slide 12: We are at the forefront of inclusion and diversity in the minerals industry
We are at the forefront of inclusion and diversity in the minerals industry EMPOWERED PEOPLE DIVERSE TEAMS Women across our Australian workforce increased to 26% Women in our PNG workforce now 15%, achieving 3-year target We are an employer of 33% of Directors are women1 choice committed to Nil gend
Slide 13: Enriching and strengthening our local communities
Enriching and strengthening our local communities We strive to help our communities thrive, grow and prosper. We build meaningful relationships, investing time and energy to ensure local communities are enriched by being our neighbours. Modern Slavery Policy : we have a progressive action plan to ST
Slide 14: We care about the environment and planet
We care about the environment and planet We’ve committed to carbon neutrality by 2050 Innovative solutions to reducing our environmental impact Atlantic Gold leading the effort with scalable salt-water battery technology Absorption chiller at Gwalia runs on waste heat, reducing energy consumption an
Slide 15: Solid performance in FY20 with a healthy growth pipeline ahead
We have shown solid performance in FY20 with a healthy growth pipeline ahead GROWING SUSTAINABLY 5.0 Growing our business sustainably, where it makes sense, and with strong governance practices, means we can add value for everyone: our shareholders, our people and our communities. 10 / Annual Genera
Slide 16: Maintained returns to shareholders since recommencing dividends in FY17
Maintained returns to shareholders since recommencing dividends in FY17 Fully franked final dividend of A$0.04 per Dividends share paid per ounce 154 29 September 2020 149 produced 135 (A$/oz)1 81 Dividend represents A$149 per ounce of gold produced1 Dividends 34 Cumulative dividend Cumulative paid
Slide 17: Our global operations
Our global operations Tim Netscher, Non-Executive Chairman, David Moroney, Non-Executive Director Gwalia site visit with Jason Morin, GM Leonora Operations, September 2020 12 / Annual General Meeting 28 October 2020
Slide 18: Atlantic Gold Operations delivering to acquisition potential
Atlantic Gold Operations delivering to acquisition potential Record FY20 performance at Touquoy FY20 cash contribution A$120 M Work continues on streamlining permitting and regulations required to deliver the suite of Atlantic Gold projects Assuming full control of the business, through the acquisit
Slide 19: Leonora Operations continues to generate significant cashflow
Leonora Operations continues to generate significant cashflow Prioritise development in H1 FY21 to allow for more operational areas to support greater production rates in the medium term FY21 production profile updated after a fall of ground led to a production shortfall in Q1 Gwalia vent system now
Slide 20: Simberi Operations pursuing sulphide project feasibility study
Simberi Operations pursuing sulphide project feasibility study Average quarterly cash contribution since FY18 of A$23 M Sulphide feasibility study due December 2020 and Environmental and Social Impact Assessment due March 2021 Decision on sulphides due March quarter FY21 with a one-year permitting a
Slide 21: Global exploration focus across Australia, Canada and PNG
Global exploration focus across Australia, Canada and PNG FY21F investment $30 - $35 M Australia: A$8 - $9 M Gwalia near mine & regional A$10 - $11 M Pinjin, Back Creek and JVs Canada: A$10 - $12 M PNG: A$2 - $3 M 16 / Annual General Meeting 28 October 2020
Slide 22: We have set our strategy to take our business forward
We have set our strategy to take our business forward Zero Harm Employer of Realise our Deliver major Exploration choice potential projects and M&A • Operate safely • Empowered • Operate our • Disciplined project • Deliberate and and sustainably people and assets with management and value-accretive
Slide 23: Forecasting sustained performance in FY21 across our assets
We are forecasting sustained performance in FY21 across our assets AISC (A$/oz) 1,369 1,4351 1,080 891 Atlantic Gold Production FY20 saw high ore production tonnages (koz) at Touquoy while permitting on 403 382 370 – 410 expansion projects progress 362 135 100 - 115 107 Leonora 142 Delivered FY20 gu
Slide 24: Building Brilliance at St Barbara
Building Brilliance at St Barbara Building Brilliance at St Barbara Building Brilliance is an integrated company transformation that will create sustainable value in everything we do, for our people, our communities and our shareholders. • This is the first step towards our vision to be a brilliant,
Slide 25: Building Brilliance: the first step in our new strategy
Building Brilliance Building Brilliance The first step in our new strategy FY21: the first step in our strategy • As a growing gold company with a global outlook, we are focused on creating value in everything we do • Growing our business sustainably is one of our five company commitments • Each of
Slide 26: The six capability pillars of Building Brilliance
The pillars The of sixBuilding Brilliance capability pillars of Building Brilliance Continuous improvement Technology capability and Asset innovation Embed productivity management People leadership operating Short interval Improvement systems control Utilising and horizon Execution maintaining disci
Slide 27: The year ahead
The year ahead DRAFT Building Brilliance will deliver improved productivity, reduced costs and ultimately lifting the value we deliver to our shareholders, our people and our communities Each of our three assets has unique growth opportunities that will be progressed in FY21: Atlantic Gold: optimisi
Slide 28: 23 / Annual General Meeting 28 October 2020
23 / Annual General Meeting 28 October 2020
Slide 29: Supplement
Supplement 24 / Annual General Meeting 28 October 2020
Slide 30: Consolidated production, costs and guidance summary
Consolidated production, costs and guidance summary Q1 Sep Production Summary Q2 Dec Q3 Mar Q4 Jun Year Q1 Sep Guidance FY20 Consolidated FY20 FY20 FY20 FY20 FY21 FY21 AG full qtr St Barbara’s financial year is Qtr to Qtr to Qtr to Qtr to Year to Qtr to Year to 1 July to 30 June 30 Sep 2019 31 Dec 2
Slide 31: Snapshot of St Barbara (SBM.ASX)
Snapshot of St Barbara (SBM.ASX) - A global ASX 200 gold producer Market Market Capitalisation1 A$1.9 B @ A$2.66/share Outstanding shares1 705 M Liquidity2 6 M/day (0.8%) Financial FY20 EPS3 A$0.18 St Barbara has a strong balance sheet supported FY20 total dividend A$0.08 by operational performance
Slide 32: FY21 guidance summary – exploration, capex
FY21 guidance summary – exploration, capex Exploration A$ M Australia • Leonora Region 8–9 • Pinjin WA, Lake Wells WA, Back Creek NSW 10 – 11 Tabar Island Group, PNG 2–3 Nova Scotia, Canada 10 – 12 Consolidated 30 – 35 Capex A$ M Sustaining Growth Gwalia 70 – 80 30 – 32 Simberi 12 – 15 4–5 Atlantic
Slide 33: Hedging summary as at 28 October 2020
Hedging summary as at 28 October 2020 Volume Price Delivery Financial Year Type Delivery Announced ounces $/oz schedule FY21 9,785 A$1,809 Forward Nov 2020 to Dec 2020 Monthly 26 Oct 2018 FY21 10,000 A$1,961 Forward Nov 2020 to Dec 2020 Monthly 24 Feb 2020 1 FY21 24,462 C$1,759 Forward Nov 2020 to F
Slide 34: Ore Reserves Summary as at 30 June 2020
Ore Reserves Summary as at 30 June 2020 Proved Probable Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,583 8.0 409 7,824 5.9 1,483 9,407 6.3 1,892 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 35: Mineral Resources Summary at 30 June 2020
Mineral Resources Summary at 30 June 2020 Measured Indicated Inferred Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 3,991 6.4 819 17,403 6.0 3,353 1,201 5.5 214 22
Slide 36: Competent persons statement
Competent persons statement Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Mustard is a full-time employee of St Barbara and
Slide 37: Investor Relations enquiries
Investor Relations enquiries Rowan Cole Company Secretary David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au 32 / Annual General Meeting 28 October 2020
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