Kenmare Resources Plc · LSE:KMR
Kenmare Resources — TZMI Congress 2022
19 slides from Kenmare Resources's conference presentation, November 2022
Slide 1: Responsibly Meeting Global Demand for Quality-of-Life Minerals
RESPONSIBLY MEETING GLOBAL DEMAND FOR QUALITY-OF-LIFE MINERALS TZMI Congress 2022 November 2022
Slide 2: Disclaimer
Disclaimer This Presentation (the “Presentation”) has been This Presentation does not constitute or form part statements in this Presentation relating to future prepared and issued by Kenmare Resources plc of, and should not be construed as, an offer, financials, results, plans and expectations (the
Slide 3: Agenda
Agenda How does Kenmare Resources continue to support customer demand? Strategy: Overview: Market outlook: Kenmare’s market Kenmare Resources A longer term view approach Kenmare Resources – TZMI Congress 2022 3
Slide 4: The world's largest ilmenite supplier
The world’s largest ilmenite supplier Overview: Kenmare Resources Moma Mine in Mozambique Wet Concentrator Plant B mining at Pilivili 15 years of production with >30 years in Mozambique >100 years of Mineral Resources at current production rate Low environmental impact – >90% of electricity fr
Slide 5: Creating sustainable competitive advantage
Creating sustainable competitive advantage Strategic priorities and H1 2022 performance OPERATE • • Safe and engaged workforce Thriving communities 0.00 LOST TIME INJURY • Healthy natural environment RESPONSIBLY • Trusted business FREQUENCY RATE - RECORD LOW DELIVER LONG LIFE, • >100 years of Minera
Slide 6: Strong earnings and compelling interim dividend
Strong earnings and compelling interim dividend H1 2022 operational and financial highlights Other financial highlights Capital projects update Shipments (Mt) Sales price (FOB1) ($/t) 429 Net debt RUPS2 0.7 0.6 366 0.5 0.5 0.4 0.4 0.4 238 258 269 275 282 $66m In operation (31.12.2021: $83m) Began mi
Slide 7: Strong safety performance continuing in 2022
Strong safety performance continuing in 2022 Zero Lost Time Injuries in H1 2022 Kenmare’s industry-leading LTIFR 8 0.50 LTIFR per 200k hours Hours worked (millions) 6 0.40 worked 0.30 4 0.20 2 0.10 0 0.00 2017 2018 2019 2020 2021 H1 2022 Hours worked LTIFR Continuing focus on safety performance Al
Slide 8: Sustainability goals continue to be advanced
Sustainability goals continue to be advanced H1 2022 sustainability update • Wellness programme being rolled out to all Moma employees Safe and engaged workforce • >200 leaders developed through Innership leadership training and coaching programme • Moz Parks’ construction of industrial park underwa
Slide 9: Investing to meet customer demand
Investing to meet customer demand An overview of capital projects Three growth projects delivered in recent years Wet Concentrator Plant C in operation Kenmare increased HMC production by ~30% following three major capital projects delivered between 2018-2020 Accessing large Nataka ore zone Nata
Slide 10: Market outlook: A longer term view
Market outlook: A longer term view Jetty at Moma
Slide 11: Long-term fundamentals remain strong
Long-term fundamentals remain strong Macroeconomic outlook and the impact on Kenmare’s product markets Global uncertainty 2021 2021TiO 2 pigment TiO consumption 2 pigment consumption(kg/capita) 1 1 (kg/capita) Short-term global outlook is unpredictable North America Heightened inflation is leadi
Slide 12: Titanium feedstocks: A history of strong rebounds
Titanium feedstocks: A history of strong rebounds Long-term pigment demand growth T TiO2 pigment demand (‘000 TiO2 units)1 Excess industry inventories (‘000 TiO2 units)2 8,000 1,600 7,000 6,000 1,200 5,000 4,000 800 3,000 2,000 400 1,000 0 0 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020 201
Slide 13: Oversupply can delay recovery
Oversupply can delay recovery Ilmenite prices remained low in 2014-2016 despite improving demand as a result of oversupply • Sulphate ilmenite demand (US$/5) and titanium feedstock demand (‘000 TiO2 units)1 350 9,000 300 8,500 250 8,000 '000 TiO2 units US$ per tonne 7,500 200 7,000 150 6,500 100 6,0
Slide 14: Strategy: Kenmare's market approach
Strategy: Kenmare’s market approach Wet Concentrator Plant B
Slide 15: Long-term approach to our markets
Long-term approach to our markets Long-term partnerships are key to Kenmare’s strategy MAINTAIN • Develop mutually beneficial ~80% partnerships with our customers CUSTOMERS LONG-TERM • Support our customers through KENMARE HAS RELATIONSHIPS the business cycle PARTNERED WITH FOR 10+ YEARS GROW WITH O
Slide 16: High quality, flexible ilmenite products
High quality, flexible ilmenite products Kenmare’s ilmenite product suite IP1 IP2 IP3 Primary markets: Primary markets: Primary markets: Sulphate pigment Chloride slag Chloride pigment Synthetic rutile Synthetic rutile Synthetic rutile Chloride slag Sulphate pigment Chloride slag Reduced ilmenite Re
Slide 17: Targeting growing market segments
Targeting growing market segments Kenmare is benefitting from the strong growth in ilmenite beneficiation • Ilmenite required for chloride pigment and titanium metal production in China (‘000 tonnes)1 500 400 ‘000 tonnes 300 200 100 - Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q
Slide 18: Follow Kenmare on social media
Follow Kenmare on social media Facebook, Twitter and LinkedIn Kenmare has profiles on Facebook, Twitter and LinkedIn, which feature regular updates on our corporate social responsibility initiatives, operational and development milestones, news flow and more Kenmare Resources – TZMI Congress 2022
Slide 19: Contact Us
Contact Us Cillian Murphy cmurphy@kenmareresources.com Jeremy Dibb / Katharine Sutton +353 1 671 0411 ir@kenmareresources.com Jetty at sunset Follow us