Altius Minerals Corporation · TSX:ALS
Altius Minerals — Investor Presentation (November 2024)
17 slides from Altius Minerals's investor presentation, Nov 11, 2024
Slide 1: Diversified, Long-Life, Natural Resource Royalties
TSX: ALS | OTCQX: ATUSF Diversified , Long-Life, Natural Resource Royalties November 11, 2024 Potash | Clean Steel | Renewable Energy | Copper | Lithium | Nickel | Cobalt | Gold
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- In particular, the forward looking statements and information looking statements” and “forward-looking information” within the contained herein relating to past, present and future commodity meaning of app
Slide 3: Balance, Diversity & Longevity
Balance, Diversity & Longevity No Short-Life (<10 years) Royalties Remaining in Portfolio Production 10 Mines, 13 Renewable Other 2% Construction South Gold 14% 3 Mines, 1 Renewable America 20% Potash Advanced Stud 29% Canada 2 Mines, 21 Renewable 49% Consensus Consensus Renewables NAV NAV by 19% Br
Slide 4: Q3 2024 and Outlook – Operating Portfolio
Q3 2024 and Outlook – Operating Portfolio Royalty revenue of $16.6M in Q3 was lower than $17.8M in Q3 2023 mainly on lower potash prices, lower coal revenue due to the closure of the Genesee mine and lower dividends from iron ore. These decreases were partially offset by higher base metal prices and
Slide 5: Potash
Potash $900 Potash Price (FOB Mid West) Market Stabilized – Long-term Growth Trend Intact $800 $700 $600 $500 Potash prices re-basing at higher levels following war-based price $400 surge and inflationary reorganization of global distribution and logistics networks $300 ~$323 ~$225 $200 Altius reven
Slide 6: Electrification Metals
Electrification Metals Copper, Nickel, Cobalt and Lithium Chapada District Contained Copper Resource & Reserve1 (Mlbs) Copper prices still below incentive levels as costs have Chapada Reserve Chapada Measured & Indicated Sauva Measured & Indicated Depletion increased more than prices +2.5 Blbs 1,564
Slide 7: Renewable Energy Royalties
Renewable Energy Royalties 58% Equity Altius Renewable Royalties co-founded Great Bay 2.6 GW of operating ~7.2 GW of Renewables (GBR) in 2019 royalties, US wind and development royalties 9 states solar GBR became a 50:50 joint venture with Funds controlled by global PE firm Apollo Global Management
Slide 8: ARR Take-Private Plan of Arrangement
ARR Take-Private Plan of Arrangement Terms and Conditions Compelling Value for Shareholders in a Transaction with Potential Low Deal Risk Altius Renewable Royalties public share float to be acquired by Northampton Capital Partners or one of its affiliates (“Northampton”) Special Committee has receiv
Slide 9: Renewable Energy Royalties 8.2 GW
Renewable Energy Royalties ARR - Scale and Diversity Increasing Operating Advanced 2,871 MW Stage Solar Development 2,966 MW 8.2 GW Construction 400 MW Advanced Stage Wind Development 1,923 MW More than 13GW of additional early-stage development projects subject to potential royalties TSX: ALS | OTC
Slide 10: High-Purity Iron Ore
High-Purity Iron Ore Positioned to Benefit From BF to DR Grade Market Share Reversal Steelmaking Market Share by Process Steel making transition to Electric Arc Furnaces from Blast Furnaces is well underway and accelerating An EAF does not require coal inputs but can only utilize DR quality 29% EAF
Slide 11: High-Purity Iron Ore
High-Purity Iron Ore Structural Deficit Looming For High-Purity (DR Grade) Iron Ore DR-Grade Iron Ore Supply / Demand Balance by 2031 DR Iron Ore Demand 303 Mt Altius well positioned to benefit from the global shift to EAF Demand Brazil 21 based steelmaking that is underway through its Labrador Supp
Slide 12: Silicon Gold District
Base AOI Silicon Gold District Silicon: 4.2 Moz (open)1 Merlin: 9.1 Moz (open)1 Highlights and Outlook Frying Pan: (early exploration) Maverick: (early exploration) 13 Moz + Newly recognized tier-1 gold district discovery in Nevada Expanded AOI Altius 1.5% NSR Royalty North Bull Frog: 1.5 Moz1 Mothe
Slide 13: Silicon Project: Merlin PFS underway
Silicon Project: Merlin PFS underway 1.5% NSR Royalty Source: Anglogold Ashanti Q3 2024 Earnings Results Conference call presentation, https://thevault.exchange/?get_group_doc=143/1730973223-Q32024ResultspresentationFINAL.pdf TSX: ALS | OTCQX: ATUSF |13
Slide 14: Capital Structure
Capital Structure Strong Balance Sheet, Growing Returns of Capital Capitalization Table Issued Common Shares1 46,479,865 Basic Market Capitalization1 $1.24 billion Dividend $0.09 / quarter $500 Balance Sheet $450 Returns of Capital $400 Dividends Share Buyback YTD $350 ARR $13M $11M $300 $5M $250 $1
Slide 15: Disciplined, Counter-Cyclical Investment Track Record
Disciplined, Counter-Cyclical Investment Track Record Past Receipts + Consensus Discounted Future Cash Flows Relative to Purchase Price Investment 1 Investment $14 Investment 1 Investment $77 Voisey’s Bay Chapada 2003 Acquisition 2016 Acquisition Returns Return $55 $14 3.9x Returns Return $91 $131 2
Slide 16: Per Share Returns Focus
Per Share Returns Focus 19.7% CAGR (Share Price + Dividends) Since IPO in 1997 Altius Share Price ($C/share) Dividend per Share ($C/share) $35.00 $30.00 $0.36 $0.32 $25.00 $0.30 $20.00 $0.22 $0.20 $0.19 $0.19 $15.00 $0.13 $0.12 $0.11 $10.00 f $5.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 D
Slide 17: Appendix I: Silicon Resources and Reserves
Appendix I: Silicon Resources and Reserves Mineral Reserve Proven Probable Total Mineral Reserve Gold tonnes grade tonnes grade tonnes grade 000 g/t Moz 000 g/t Moz 000 g/t Moz North Bullfrog 71.93 0.43 1.00 71.93 0.43 1.00 As reported by AngloGold Ashanti - FY 2023 Preliminary Financial Update - ww
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