Mountain Province Diamonds Inc. · OTC:MPVDF
Mountain Province Diamonds — Q4 2022 Earnings Presentation
17 slides from Mountain Province Diamonds's earnings presentation, Mar 23, 2023
Slide 1: Q4 and FY 2022 Webcast
TSX: MPVD Q4 and FY 2022 Webcas t TITLE SLIDE M a r c h 2 3 rd, 2 0 2 3 WWW.MOUNTAINPROVINCE.COM
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Cautionary Statement Regarding Forward Looking Information This Presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations and financial perform
Slide 3: Notes to Investors
NOTES TO INVESTORS Non-IFRS Financial Performance Measures The Company has included non-IFRS measures in this presentation: adjusted EBITDA, adjusted EBITDA Margin (%), cash cost of production per tonne, cash cost of production per carat, and sustaining capital expenditures. The Company believes tha
Slide 4: 2022 Safety Performance
2022 SAFETY PERFORMANCE MOUNTAINPROVINCE.COM TSX: MPVD 4
Slide 5: MPVD – Year in Review: How We Started The Year
MPVD – YEAR IN REVIEW How We Started The Year • US$300M in bonds terming December 15th, 2022 • Debt to EBITDA ratio of 2.8:1 • Company credit rating of IDR (Default) • Our published NI 43-101 Technical Report providing an expected carat production in 2024 of ~3.2 million carats at 100% • Prior to th
Slide 6: MPVD – Year in Review: Exiting 2022
MPVD – YEAR IN REVIEW Exiting 2022 • Updated Technical Report filed March 2022 which featured a pre-tax/royalty NPV7.5% attributable to Mountain Province Diamonds of C$1,233 million • Medium-term mine plan has been refined, with planned carat production in 2024 increased • A recovery plan developed
Slide 7: Full Year 2022 Highlights
FULL YEAR 2022 HIGHLIGHTS Record Annual Adjusted EBITDA of $177.2M Revenue of $388.9M representing the highest annual revenue in the Company's history and a 26% increase relative to that achieved in 2021 Average value per carat of US$112, which represents a 49% increase in average price per carat re
Slide 8: 2022 Sustainability Highlights
2022 SUSTAINABILITY HIGHLIGHTS Mining Association of Canada - Towards Sustainable Mining 2022 Community Engagement Excellence Award (GK) Ni Hadi Xa Community Monitoring Program NT & NU Chamber of Mines 2022 Max Award for ESG Performance (GK) Northern Procurement target (60%) exceeded for the sixth c
Slide 9: 2023 Focus Areas
2023 FOCUS AREAS Entering 2023 • Focus on safety, sustainability & operational performance at the mine level • Focus on organic growth at Gahcho Kué and Kennady, both on the underground potential, reviewing options to include the 13.6 million in indicated, and 7.4 million in inferred carats from Kel
Slide 10: 2024 Production Outlook (100% Basis)
2024 PRODUCTION OUTLOOK (100% BASIS) • 2024 mine plan has been refined to reflect smoothing of near-term carat production profile • 2023 Production Guidance remains unchanged at 5.6 – 6.1 million carats • 2024 Production Outlook of 4.0 – 4.4 million carats MOUNTAINPROVINCE.COM TSX: MPVD 10
Slide 11: Q4 and Full Year 2022 vs 2021 Production Highlights
Q4 AND FULL YEAR 2022 VS 2021 PRODUCTION HIGHLIGHTS Q4 2021 Q4 2022 FY 2021 FY 2022 Ore and waste mined Tonnes 10,813 10,145 ‘000s 35,447 33,947 (100% basis) Ore mined Tonnes 1,020 706 ‘000s 3,561 4,114 (100% basis) Tonnes Treated ‘000s 813 828 (100% basis) 3,083 3,102 1.86 1.96 Grade (cts/t) 2.02 1
Slide 12: Hearne Northwest Extension
HEARNE NORTHWEST EXTENSION Looking Down • Exposed in Hearne pit in 2021 • Phase 1: drilling completed in 2022 • Sixteen drillholes (5,040m total) • Ten of 16 drillholes intersected kimberlite • Phase 2: Sixteen drillholes planned • Two drillholes completed in kimberlite Looking Northeast Gray traces
Slide 13: Q4 2022 vs 2021 Financial Highlights
Q4 2022 VS 2021 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) Q4 2021 Q4 2022 (‘000s) CAD FY 2021 FY 2022 $85,144 $96,315 Revenue $308,723 $388,853 $37,091 $23,409 Adjusted EBITDA $135,314 $177,237 Adjusted EBITDA Margin 44% 24% 44% 46% (%) Net Income (Loss) $1.13 $0.04 $1.31
Slide 14: Q4 2022 vs 2021 Financial Highlights
Q4 2022 VS 2021 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) Q4 2021 Q4 2022 (‘000s) CAD FY 2021 FY 2022 $25,000 $17,247 Cash Position $25,000 $17,247 $31,664 $31,640 (Loss) Earnings from Mine Operations $113,728 $170,525 Cash Cost of Production per Tonne Treated, $111 $160 $
Slide 15: 2022 Rough Diamond Market
2022 ROUGH DIAMOND MARKET Low diamond inventories combined with strong downstream Q1 - 2022 demand to replenish post-2021 holiday stocks, drove exceptional price growth during the quarter. Impacts of the war in Ukraine, rising inflation, and ongoing covid-related restrictions in China were evident a
Slide 16: 2023 Focus Areas
2023 FOCUS AREAS Entering 2023 • Focus on safety, sustainability & operational performance at the mine level • Focus on organic growth at Gahcho Kué and Kennady, both on the underground potential, reviewing options to include the 13.6 million in indicated, and 7.4 million in inferred carats from Kel
Slide 17: Corporate Information
CORPORATE INFORMATION WWW.MOUNTAINPROVINCE.COM info@mountainprovince.com TSX: MPVD CORPORATE OFFICE 161 Bay Street, Suite 1410 Toronto, ON M5J 2S1 Canada MOUNTAINPROVINCE.COM TSX: MPVD 17 Tel. +1 (416) 361-3562
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