Apex Mining Co. Inc. · PSE:APX
Apex Mining — Non-Deal Roadshow (July 2022)
30 slides from Apex Mining's roadshow presentation, July 2022
Slide 1: Apex Mining Co., Inc.
Prt. APEX MINING CO., INC.
Slide 2: Disclaimer
DISCLAIMER This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter into investment
Slide 3: Company Overview
COMPANY OVERVIEW ⮚ Founded on 26 February 1970 ⮚ Listed in the Philippine Stock Exchange (PSE: APX) ⮚ Consistent Presidential Mineral Industry Environmental Awardee ⮚ Platinum Achievement Award for Underground Operation ▪ Safest Underground Operation ⮚ ISO Certifications ▪ ISO 9001:2015 (Quality Man
Slide 4: 1Q2022 Numbers
1Q2022 NUMBERS Mine/Mill Production Precious Metal Production (in tonnes) (in ounce) 96,030.0 194,255 1Q2022 85,681.0 157,552 1Q2021 20,127.0 17,051.0 1Q2022 1Q2021 Gold Silver Gold Grades Net Income (in gpt) (in Php millions) 645.5 1Q2021 3.14 278.7 1Q2022 3.76 1Q2022 1Q2021 Our Company | Capabilit
Slide 5: 2021 Ore Production Summary
2021 ORE PRODUCTION SUMMARY TOTAL PRODUCTION (OUNCES) MATERIAL MOVED 78,709 907,000 tonnes Gold (Au) 657,000 232,000 Silver (Ag) tonnes tonnes 359,533 ore waste MATERIAL MILLED RECOVERY RATE 87.06% 708,447 tonnes @ 3.74/t Au, and 78.54% 20.60 g/t Ag Gold (Au) Silver (Ag) Our Company | Capability | S
Slide 6: Mission – Vision Statement
Mission – Vision Statement TO PROMOTE THE WELL-BEING OF ALL STAKEHOLDERS BY EMBRACING SAFETY AS A WAY OF LIFE, ACHIEVING WORLD CLASS ENVIRONMENT STANDARDS, AND UPHOLDING A HOLISTIC APPROACH TO WELLNESS. THIS WE DO WITH CARE AND SINCERE COMMITMENT TO REALIZE A SUSTAINABLE, RESPONSIBLE, AND GLOBALLY R
Slide 7: Group Corporate Structure
GROUP CORPORATE STRUCTURE SHAREHOLDING STRUCTURE Prime Strategic Holdings Inc. 40.32% Lakeland Village Holdings Inc. 7.62% Devoncourt Estate Inc. 6.81% Others 1.61% MOREI 8.91% Public Float 34.73% Total 100.00% ⮚ 30% direct ⮚ 52% interest in ⮚ Owns the Paracale participating International Gold Proje
Slide 8: Apex Mining Company, Inc. South East Mindanao
APEX MINING COMPANY, INC. SOUTH EAST MINDANAO MACO Underground Gold-Silver Mine Current & Target Current & Target Total Mineral Resource Ore Production Gold Production & Total Ore Reserve (tonnes per day or tpd) (ounces) 3,000 tpd 100,000 oz Total Ore Reserve: 5.748Mt Total 2,057 tpd 78,709 oz @4.9g
Slide 9: AMCI Mine and Mill
AMCI MINE AND MILL Company | Our Capability | Safety | Environment | Community
Slide 10: Itogon-Suyoc Resources, Inc. Northern Luzon
ITOGON-SUYOC RESOURCES, INC. Northern Luzon SANGILO Underground Gold-Silver Mine Total Mineral Resource Current & Target Operations (tonnes per day or tpd) 400 tpd Total Mineral Resource: 19.04 million tons ⮚ Upcoming @ 3.30 g/t Au 200 tpd Development for 1,500 tpd Operation Suyoc Underground Gold-S
Slide 11: ISRI – Sangilo Mine Site
ISRI – SANGILO MINE SITE Company | Our Capability | Safety | Environment | Community
Slide 12: Monte Oro Resources & Energy, Inc. Southern Luzon
MONTE ORO RESOURCES & ENERGY, INC. Southern Luzon PARACALE Underground Gold-Silver Mine Total Mineral Resource ⮚ Ongoing Development for Start-Up Commercial Total Operations Mineral Resource: 481,000 tons @ 6.00 g/t Au ⮚ Initial Small-Scale Mining Operation by 2022 Recto Bank Offshore Oil Project (S
Slide 13: Financial Performance
FINANCIAL PERFORMANCE Revenues Parent Net Income (in Php billions) (in Php millions) 1,900 6.84 6.30 1,500 5.00 4.70 4.12 3.52 +132% YoY +44% YoY 646 2.40 2.23 429 1.55 322 332 306 279 71 2015 2016 2017 2018 2019 2020 2021 1Q21 1Q22 2015 2016 2017 2018 2019 2020 2021 1Q21 1Q22 Company | Our Capabili
Slide 14: Revenue Streams
REVENUE STREAMS 2021- Metal Revenues Per Product 2021 Metal Revenues Per Mine (in ‘000 Php) (in ‘000 Php) 6,974,507 6,959,315 435,803 450,996 Gold sales Silver sales Maco Sangilo 1Q22 Metal Revenues Per Product 1Q22 Metal Revenues Per Mine (in ‘000 Php) (in ‘000 Php) 2,111,646 2,058,166 117,355 170,
Slide 15: Production Costs
PRODUCTION COSTS Historical $ Cash Production Cost Per Ounce of Gold Historical $ Cash Production Cost Per Ounce of Gold (without G&A) (with G&A) 807 776 861 743 844 723 724 794 780 759 645 681 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 Note: According to Kitco 4Q2021 world average
Slide 16: MACO Mine Production (Actual & Forecast)
54,681 309,655 2016A 60,185 315,525 2017A 66,053 303,385 2018A 64,763 Ounces sold - Gold Ounces sold - Silver 369,616 2019A 66,576 365,212 2020A 73,643 358,302 2021A 80,071 296,933 2022F 88,269 409,499 2023F 95,249 Company | Our Capability | Safety | Environment | Community 441,461 2024F 98,151 455,
Slide 17: Break Even Price Sensitivity
BREAK EVEN PRICE SENSITIVITY Breakeven grade of Gold (Au) in grams per tonne vs Gold Price ($/oz) 4.50 3.99 4.00 3.66 Gold grade (grams per tonne) 3.50 3.38 3.14 2.93 3.00 2.74 2.58 2.44 2.50 2.31 2.00 1.50 1.00 0.50 - 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 US dollar per ounce Company
Slide 18: Capex Guidance
CAPEX GUIDANCE CAPEX Budget (in Php billions) 2.4 1.9 1.8 1.4 1.4 1.1 1.1 1.1 2022 2023 2024 2025 2026 2027 2028 2029 Company | Our Capability | Safety | Environment | Community
Slide 19: Apex as Industry Leader
APEX AS INDUSTRY LEADER 2021 Presidential Mineral Industry Environmental Award ⮚ Platinum Achievement Award (Underground Mining Operation) ⮚ Safest Underground Mining Operation ⮚ Most Improved Safety Performance ⮚ Safest Exploration (Category A) 2021 Best Miners Awards Company | Our Capability | Saf
Slide 20: Environmental Protection and Enhancement Program
ENVIRONMENTAL PROTECTION AND ENHANCEMENT PROGRAM Company | Capability | Safety | Our Environment | Community
Slide 21: Medical Mission & Calamity Relief to Host Communities
MEDICAL MISSION & CALAMITY RELIEF TO HOST COMMUNITIES Company | Capability | Safety | Our Environment | Community
Slide 22: Conservation of Indigenous Culture
CONSERVATION OF INDIGENOUS CULTURE MANSAKA TRIBAL COMMUNITY CELEBRATION Company | Capability | Safety | Environment | Our Community
Slide 23: Building Houses for Communities Around Our Minesite
BUILDING HOUSES FOR COMMUNITIES AROUND OUR MINESITE Company | Capability | Safety | Environment | Our Community
Slide 24: Teaching New Trades to the Community
TEACHING NEW TRADES TO THE COMMUNITY Cacao Farming Dark Chocolates Products Vegetable Farming Ventilation Tube Clothes Fabrication Concrete Blocks Production Production Company | Capability | Safety | Environment | Our Community
Slide 25: Scholarship Programs
SCHOLARSHIP PROGRAMS Company | Capability | Safety | Environment | Our Community
Slide 26: Face Mask-Making Machine Donated to Community
FACE MASK-MAKING MACHINE DONATED TO COMMUNITY Company | Capability | Safety | Environment | Our Community
Slide 27: AMCI COVID Facilities
AMCI COVID FACILITIES 50 BED ISOLATION FACILITY IN-HOUSE RT-PCR TESTING LABORATORY Company | Capability | Safety | Environment | Our Community
Slide 28: Big Brother – Small Brother: Teaching Techniques to Artisanal Miners
BIG BROTHER – SMALL BROTHER: TEACHING TECHNIQUES TO ARTISINAL MINERS Company | Capability | Safety | Environment | Our Community
Slide 29: 5 Year SDMP from 2018-2022
5 YEAR SDMP FROM 2018-2022 Company | Capability | Safety | Environment | Our Community
Slide 30: Summary of Growth Prospects
SUMMARY OF GROWTH PROSPECTS MACO OPERATIONS SANGILO OPERATIONS SUYOC OPERATIONS MONTE ORO MINING SERVICE CONTRACT 72 ⮚ Increase in: ⮚ Increase production ⮚ Upon approval, start of ⮚ Once the mill stabilizes ⮚ Should the impasse ▪ Production capacity capacity from 400 tpd development of 50 tpd at 5-1