Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — FY2021 Earnings Presentation
22 slides from Fortress Minerals's earnings presentation, 2021
Slide 1: Result Presentation for FY2021
Fortress Minerals Limited Result Presentation for FY2021 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Competent Person's Statement
Competent Person’s Statement: Mengapur Mineral Resource The information in this announcement that relates to the Mengapur Mineral Resources is based on information compiled by Ms Leesa Collin who is a Member of The Australasian Institute of Mining and Metallurgy. Ms Collin, is a Director and Princip
Slide 4: Fortress Overview
01 Fortress Overview
Slide 5: Fortress at a glance
Fortress at a glance Bukit Besi, We are a We employ over Our Location Terengganu High-grade (Mining site 1) 1ST iron ore concentrate Producer and exporter 200 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST HQ offi
Slide 6: Corporate achievement
Corporate achievement FY2021 FY2020 FY2018 ACQUISITION OF MENGAPUR FY2017 FIRST IRON ORE COMPANY FY2016 COMMERCIAL LISTED ON SGX-ST COMPLETION OF JORC PRODUCTION LAUNCH DRILLING CAMPAIGN • S$15.0 million in gross proceeds AWARDED BUKIT BESI • Gross consideration of were raised MINING RIGHT • Complet
Slide 7: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 8: Bukit Besi Mine Strategic location supported with good Infrastructure
Bukit Besi Mine Strategic location supported with good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman P
Slide 9: Mineral Resource – A closer look
Mineral Resource – A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * 45.90% 42.31% 43.25% 41.7% Fe WAG ^ Fe Fe Fe 7.18 In million tonnes 6.18 0.96 5.77 5.41 1.18 0.77 1.13 3.61 2.24 1.36 3.58 East (Inferred) Valley (Inferred) 2.55 2.42 2.25 West (Inferred) 1.14 0.37 0.34
Slide 10: Financial Results
02 Financial Results
Slide 11: A robust performance in FY2021
A robust performance in FY2021 Volume, earnings and operating result surpassed any year in Fortress’ history Financial Revenue Margin Earnings performance US$ 47.7 Million 76.4 % US$ 26.6 Million Gross Revenue 84.1% Gross Profit Margin 8.8ppt Underlying EBITDA 117.3% Balance sheet Operating cash flo
Slide 12: Financial highlights
Financial highlights Solid earnings supported by strong price and higher volume US$ million Revenue 50.0 45.0 47.7 32.3% 40.0 Financial metrics 2019 2020 2021 35.0 CGR^ (FY19-21) 30.0 US$’ million Audited Audited (Unaudited) 25.0 20.0 25.9 20.6 15.0 10.0 5.0 Revenue 20.6 25.9 47.7 - FY19 FY20 FY21 U
Slide 13: Strong gross profit margin
Strong gross profit margin Driven by record volume and continued low unit cost US$ million GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 76.4% 100 .0% 95. 0% 63.2% 66.7% 90. 0% 85. 0% 50.0 80. 0% 75. 0% 70. 0% Continued low unit cost 65. 0% 60. 0% 55. 0% 50. 0% 45. 0% 40.
Slide 14: Financial performance A quick glance
Financial performance A quick glance 14
Slide 15: Use of IPO proceeds – status in FY2021
Use of IPO proceeds – status in FY2021 Amount denominated in SGD’ million Opening 4Q FY2021 Closing 4Q FY2021 (Utilised) 4Q FY2021 IPO • Further development of Bukit Besi Mine 7.0 • Future exploration and geology work • Expansion of iron ore processing capacities 01 Fully utilised IPO Proceeds 2.0 •
Slide 16: Iron
03 Corporate Update 26 Fe Iron 55.845
Slide 17: Corporate Update: Acquisition of MMSB Group
Corporate Acquisition of MMSB Group Update Consideration Monument Mengapur Sdn Bhd (“MMSB”) US$ 30.0 Million 1.25% Incorporated In Malaysia Cash consideration royalty on revenue Contingent consideration Cermat Aman Star Destiny 5 years 12 years Mining land covering Exploration Land covering Approxim
Slide 18: Rationale for Acquisition of MMSB Group
Rationale for Acquisition of MMSB Group • Boosts Group’s revenue opportunity Revenue growth (Inferred Magnetite Resource: 10.72 million tonnes) and • Potential revenue diversification commercial Comprises other minerals, such as copper, gold & silver*. optimisation * This will be stockpiled for futu
Slide 19: Quick Snapshot & Introduction: Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Bk Besi 526.2ha Magnetite iron ore 14.77 Million Tonnes – Sri Jaya 172 km 10.72 (Inferr
Slide 20: Outlook and Future Plans
04 Outlook and Future Plans
Slide 21: Well-positioned for growth
Well-positioned for growth Strong macro and operational factors supporting Fortress’ growth Monthly Average Platts Iron Ore Market Rate • Demand for iron ore continued to grow in 2021 as global crude steel US$/dmt production increased in January and February by 4.8% and 4.1% year-on-year, 200.00 res
Slide 22: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 8 Robinson Road #03-00 ASO Building Singapore 048544 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 56