Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q1 FY2016 Earnings Presentation
17 slides from Royal Gold's earnings presentation, Nov 5, 2015
Slide 1: First Quarter Fiscal 2016 Results
First Quarter Fiscal 2016 Results November 5, 2015
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ m
Slide 3: Today's Speakers
Today’s Speakers Tony Jensen Bill Heissenbuttel Stefan Wenger President and CEO VP Corporate CFO and Treasurer Development & Operations November 5, 2015 3
Slide 4: First Quarter Fiscal 2016 Highlights
First Quarter Fiscal 2016 Highlights Financial and operating results driven by record volume Revenue up 7% from a year ago despite a 12% decline in gold price Record volume of 65,868 Gold Equivalent Ounces (GEOs)1; up 22% from a year ago Higher volume at Mount Milligan and at Peñasquito, which
Slide 5: Update on New Stream Transactions
Update on New Stream Transactions Estimated Effective Date or Annual Net Operator Property Strategic Rationale Estimated Current Status GEO’s (1st 5 Startup years)1 Producing; one of only 3 mines in the world to produce >1m oz per July 1, 2015 - Au Gold deliveries begin Barrick Pueblo Viejo year; fi
Slide 6: Streams Bring Investment Diversity
Streams Bring Investment Diversity FY2015 GEO Volume Plus Relative Estimated Estimated Distribution of Future GEO Volume1 Contribution From New and Expanding Streams1 Mount Milligan 100.00% 100% Mount Milligan Golden Star 90.00% 300 Net Gold Equivalent Ounces (GEOs) in Thousands Rainy River Golden R
Slide 7: Investment History
Investment History Strong reserve profile amongst largest investments, plus significant upside $1,000,000,000 25 Estimated Years of Remaining Reserves $800,000,000 20 $600,000,000 15 $400,000,000 * 10 $200,000,000 5 $- 0 1 Initial investment Cumulative net revenue through September 30, 2015 Estimate
Slide 8: Recent Operating Updates
Recent Operating Updates Mount Milligan September quarter production of 53.8koz1 Throughput of 44k tonnes per day Gold recoveries averaged 67% Second SAG discharge screen installation scheduled Peñasquito Strong gold production for the September quarter of ~230koz2 Goldcorp expects to exceed their p
Slide 9: Gold Equivalent Ounce Waterfall
Gold Equivalent Ounce Waterfall Net GEO's Q4FY15 vs Q1FY16 Net GEO's Q1FY15 vs Q1FY16 56,000 56,000 54,000 54,000 52,000 52,000 Gold Equivalent Ounces (GEOs) Gold Equivalent Ounces (GEOs) 50,000 50,000 48,000 48,000 46,000 46,000 44,000 44,000 42,000 42,000 40,000 40,000 Includes Mount Milligan, And
Slide 10: CY15 Estimated & Actual Production
CY15 Estimated & Actual Production Calendar 2015 Operator’s Production Estimate1,2 Calendar 2015 Operator’s Production Actual3,4 Pueblo Viejo Royalty/ Gold Silver Base Metals Gold Silver Base Metals Stream (oz.) (oz.) (lbs.) (oz.) (oz.) (lbs.) deliveries expected to begin 5 Andacollo 52,200 - - 33,6
Slide 11: Fiscal 1Q 2016 Financial Results
Fiscal 1Q 2016 Financial Results Revenue of $74.1m, an increase of 7% Reported net loss of ($0.69) per share EPS included a $56m or $0.86 per share discrete expense attributable to termination of the Company’s royalty interest at Andacollo Absent this discrete expense: EPS would have been ~$0.
Slide 12: Liquidity
Liquidity Date Item ($USD millions) September 30, 2015 Undrawn Revolver $300.0m September 30, 2015 Working Capital $125.2m September 30, 2015 Total Available Liquidity $425.2m Remainder of Existing firm commitments expected to be FY2016 funded through total available liquidity and cash $72.5m flow f
Slide 13: What Makes Royal Gold Unique
What Makes Royal Gold Unique Quality New portfolio additions such as Pueblo Viejo are projected to produce in the lower half of worldwide production costs, and Mount Milligan is already amongst the world’s lowest cost copper mines Growth Record volume in first fiscal quarter expected to grow over th
Slide 14: Endnotes
QUALITY GROWTH OPPORTUNITY Endnotes ROYALGOLD,INC
Slide 15: Endnotes
Endnotes Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which could cause actual results to differ. See complete Cautionary Statement on page 2. PAGE 4 FIRST QUARTER FISCAL 2016 HIGHLIGHTS 1. The Company defi
Slide 16: Endnotes (cont.)
Endnotes (cont.) Many of the matters in these endnotes and the accompanying slides constitute forward looking statements and are subject to numerous risks, which could cause actual results to differ. See complete Cautionary Statement on page 2. PAGE 10 CY15 ESTIMATED & ACTUAL PRODUCTION 1 Production
Slide 17: Royal Gold contact details
1660 Wynkoop Street, #1000 Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com