Regis Resources Limited · ASX:RRL
Regis Resources — Denver Gold Conference 2021
27 slides from Regis Resources's conference presentation, Sep 13, 2021
Slide 1: Consistency & Growth
CONSISTENCY & GROWTH For personal use only Jim Beyer – Managing Director & CEO 13 September 2021 ASX:RRL
Slide 2: Cautionary Statement
2 CAUTIONARY STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated In each case, appropriate Competent Person’s consents were obtained for the release of that For personal use only entities (“Regis or RRL") and their respective activities and operat
Slide 3: Consistency & Growth
3 CONSISTENCY & GROWTH For personal use only Elevating Sustainability Reporting Strong Financial Position MOOLART WELL 2.5Mtpa Low Cost Producer Consistent and Reliable GARDEN WELL ROSEMONT 2.0Moz in Reserves Performance 2.5Mtpa 5Mtpa A$532m in dividends paid and/or declared since 20131 McPHILLAMYS
Slide 4: Transparent ESG Reporting
4 TRANSPARENT ESG REPORTING Delivering improved safety results Aligning to UN Sustainable Development Goals and the For personal use only Task Force on Climate-related Financial Disclosures Safety & 6.0 Environmental Health Stewardship Supply 5.0 Lost Time Injury Frequency Rate Chain 4.0 Shared Valu
Slide 5: FY21 Financial Highlights
5 FY21 FINANCIAL HIGHLIGHTS For personal use only NPAT of A$146m Cash flow from EBITDA of A$403m 1 NPAT Margin of 18% operating activities EBITDA Margin 49% EPS of 26 cents per share A$276m Cash & Bullion Full Year Dividends A$269m2 7c per share Acquisition of 30% of 3.3% basic yield Tropicana Gold
Slide 6: FY2021 Full Year Financial Results
6 FY2021 FULL YEAR FINANCIAL RESULTS For personal use only Unit FY2021 FY2020 Ounces Produced oz 372,870 352,042 Ounces Sold oz 365,830 353,182 Average Realised Price A$/oz 2,229 2,200 373Koz Production Revenue1 A$m 819.2 756.7 + 5.9 % Growth Royalties A$m (38.8) (37.4) Cost of Sales A$m (543.9) (41
Slide 7: Over Half a Billion Dollars in Dividends Since 2013
7 OVER HALF A BILLION DOLLARS IN DIVIDENDS SINCE 2013 Strong business performance sees Regis again declare a dividend For personal use only Dividends Declared 18 600 Final dividend of 3 cps (A$22.6m) fully franked payout 16 Total dividends for FY21 of 7 cps (A$43.1m) fully franked 500 29.5% of FY21
Slide 8: Cashflow Waterfall (A$)
8 CASHFLOW WATERFALL (A$) Strong cashflow from operations allows for significant capital investment, exploration programs and dividends For personal use only Cash & Bullion on Hand - 30 June 2021 $700m $600m $378m $500m ($138m) $400m ($45m) $353m ($42m) ($10m) $300m $44m $269m ($77m) $209m $200m ($5
Slide 9: Key Elements of Value Growth
9 KEY ELEMENTS OF VALUE GROWTH For personal use only Exploration & Optimisation Life Extension Growth McPhillamys Increasing Business Value Step Change Growth Tropicana (30%) Step Change Growth Additional Underground Mines Incremental Growth Moolart Well Garden Well Rosemont Consistent & Reliable Ti
Slide 10: Duketon Operation Overview
10 DUKETON OPERATION OVERVIEW For personal use only FY22 Guidance Duketon Production (oz) 340,000 – 380,000 AISC (US$/oz)1 990 – 1,040 AISC (A$/oz) 1,340 - 1,410 Growth Capital (A$M) 85 - 90 MOOLART WELL Exploration (A$M) 35 DUKETON PROJECT 2.5Mtpa 5.4Moz in Resources and 2.0Moz in Reserves Three op
Slide 11: Incremental Growth from Underground
11 INCREMENTAL GROWTH FROM UNDERGROUND Now with two underground mines For personal use only Value created with high grade UG ore displacing lower grade OP ore FEASIBILITY MATERIAL MINED 1.8Mt @ 3.2 g/t Au for 190koz Au MORE UG PROJECTS IN THE EVALUATION PIPELINE
Slide 12: Tropicana Operation Overview
12 TROPICANA OPERATION OVERVIEW Joint Venture between AngloGold Ashanti (70%) & Regis (30%) For personal use only FY22 Guidance Tropicana (30%) Production (oz) 120,000 – 135,000 AISC (US$/oz)1 845 – 910 AISC (A$/oz) 1,140 - 1,230 Growth Capital (A$M) 70 - 75 Exploration (A$M) 8 2.3Moz in Resources a
Slide 13: Tropicana – Multiple Growth Opportunities
13 TROPICANA – MULTIPLE GROWTH OPPORTUNITIES For personal use only Processing grown to 9Mtpa with further optimisation available Havana OP and multiple UG mines supporting a 10+ year operational future Boston Shaker UG • full production rate of 1.1Mtpa • increased grade mill feed Additional UG minin
Slide 14: McPhillamys – Approvals in Final Stage
14 MCPHILLAMYS – APPROVALS IN FINAL STAGE For personal use only MINERAL RESOURCE 2.29 Moz Au ORE RESERVE 2.02 Moz Au PRODUCTION Up to ~200kozpa Au SATELLITE PROJECT Life-of-mine Discovery Ridge 10+ 390koz Au Resource years One of Australia’s largest undeveloped open pittable gold resources
Slide 15: Regional Exploration
15 REGIONAL EXPLORATION For personal use only Dominant land positions and underexplored satellite deposits Angel Eyes Matts Bore Central MOOLART WELL Targeting new +1Moz Springbok Zone discoveries TROPICANA Betelgeuse Rusty Nail Risden Well 100km Campervan ROSEMONT 100km Madras GARDEN WELL New Zebra
Slide 16: Review of FY2021
REVIEW OF FY2021 16 For personal use only GROWTH Acquisition of 30% interest in Tropicana Gold Project completed Acquisition of Ben Hur gold deposit completed 35% increase in Group Mineral Resources and 33% increase in Group Ore Reserves Ramp-up of Rosemont Underground Mine Commenced development of
Slide 17: FY22 Guidance – Production Set for a Step Change
17 FY22 GUIDANCE – PRODUCTION SET FOR A STEP CHANGE A step change in production is expected in FY22 with a significant increase in total group production driven For personal use only by Regis’ 30% interest in Tropicana. 600 Operation Duketon Tropicana (30%) Group 500 Production (koz) Production (koz
Slide 18: Additional Financial Information
For personal use only Additional Financial Information
Slide 19: FY2021 – Profit & Loss
19 FY2021 – Profit & Loss 30 June 2021 30 June 2020 For personal use only A$’000 A$’000 Revenue 819,162 756,657 Cost of goods sold (582,659) (452,011) Gross profit 236,503 304,646 Other income (402) (1,365) Investor and corporate costs (4,687) (3,408) Personnel costs (10,674) (10,062) Share-based pa
Slide 20: FY2021 – Cash Flow Statement
20 FY2021 – Cash Flow Statement 30 June 2021 30 June 2020 A$’000 A$’000 For personal use only Cash flows from operating activities Receipts from gold sales 790,619 755,791 Payments to suppliers and employees (435,767) (348,923) Income tax paid (77,125) (63,792) Other receipts/(payments) (1,441) (63)
Slide 21: FY2021 – Balance Sheet
FY2021 – Balance Sheet 30 June 2021 30 June 2020 21 A$’000 A$’000 Current assets Cash and cash equivalents 242,627 192,428 For personal use only Inventories 161,475 74,430 Other current assets 19,413 10,847 Total current assets 423,515 277,705 Non-current assets Inventories 185,643 63,503 Property,
Slide 22: Continued Reduction in Hedge Book
22 Continued Reduction in Hedge Book For personal use only Regis’ hedge position reduced to 320koz at 30 June 2021 from ~399koz at 30 June 2020 During the year Regis, transitioned from spot deferred hedging to flat forwards which simplifies its hedging structure From 1 July 2021, Regis has accelerat
Slide 23: FY2021 Physicals
23 FY2021 PHYSICALS For personal use only FY FY2021 FY2020 DNO DSO TROPICANA TOTAL TOTAL Variance Physicals @30% Ore mined (Mbcm) 1.50 2.50 0.05 4.05 4.16 -3% Waste mined (Mbcm) 11.51 15.60 1.16 28.27 26.37 +7% Stripping ratio (w:o) 7.7 6.2 25.3 7.0 6.3 +11% Ore mined (Mtonnes) 2.86 7.03 0.17 10.06
Slide 24: Solid Performance on Key Financial Metrics (A$)
24 SOLID PERFORMANCE ON KEY FINANCIAL METRICS (A$) FY21 a transformational year with Tropicana acquisition For personal use only Net Profit After Tax and Margin Production, Realised Gold Price & AISC 400 361 363 373 $2,500 250 35% 352 350 324 200 30% 310 305 $2,000 200 300 174 163 25% 250 138 146 $1
Slide 25: Group Mineral Resources
Group Mineral Resources ‘23 at 31 December 2020, Gold Measured Indicated Inferred ‘Total Resource Competent es = cutof Tonnes Gold Grade Gold Matal_ Tonner Gold Grade Gold Metal Tonnes. <Gald Grade Gold Metal Tonnes «GaldGrade Gold Matol_ pstsce lenenal Cc) (om) (ei) how) (ewe) wo i) (a er) (to) (re
Slide 26: Group Ore Reserves
Group Ore Reserves as at 31 Dec 2020 Gold Proved Probable ‘Total Ore Reserve eomretent Gee sauty ye cutoff Tonnes «Gold Grade Gold Metal Tonnes Gold Grade. Gold Metal Tonnes Gold Grade Gold Metal Pencan? (wt)? (vt) (a) (oz) (ate) (eit) (ko2) (mt) a) (ox) DNO ROM Ore Reserves Open-Pit ROM. 0s 1 07 10
Slide 27: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200