Chrysos Corp. Ltd. · ASX:C79
Chrysos — Shareholder Meeting (November 2024)
28 slides from Chrysos's shareholder meeting presentation, Nov 25, 2024
Slide 1: Faster, more accurate gold analysis
Faster, more accurate gold analysis 2024 AGM Presentation 25 November 2024 Dirk Treasure, Managing Director and CEO
Slide 2: Important notice
Important notice The material in this presentation has been prepared by Chrysos Corporation Limited (ASX: C79) (“Chrysos” or the “Group") and is general background information about Chrysos’ current activities as at the date of this presentation. The information is given in summary form and does not
Slide 3: About Chrysos
CHRYSOS CORPORATION Assays at the speed of light About Chrysos
Slide 4: Revolutionising the global mining industry
Revolutionising the global mining industry Chrysos is a global provider of novel assay services through its proprietary PhotonAssayTM technology Samples Processed (Half Yearly) Disruptive Minerals Analysis Service and Lease Model with 12,000 Technology Tier 1 Counterparties Cumulative Sample Volume
Slide 5: The Chrysos Vision
The Chrysos Vision To become the world’s leading provider of innovative assay services and technologies Total Addressable Market (TAM) ▪ Convert gold mining projects in all key mining 700 hubs to PhotonAssayTM 610 Units 600 ▪ Focus on improved customer outcomes to drive sample volumes PhotonAssayTM
Slide 6: Differentiated lease and operating models
Differentiated lease and operating models Best-fit approach broadens operational flexibility and applicability Unit Leased by Laboratory to Service Unit Leased by Laboratory to Service Unit Leased by Miner & Unit Leased & Operated by Miner Multiple Mining Customers a Specific Mining Operation Operat
Slide 7: Unit lifecycle & financial profile
Unit lifecycle & financial profile Unit economics are the underlying strength behind Chrysos’ business -18 Months -9 Months 8-12 weeks 5+5+5+5 year lease model 20 Years Long Lead Time • Detector station components Key steps Initial lease, renewal, recontract Refurbishment or re-use Components integr
Slide 8: Financial & Operational Summary
Financial & Operational Summary [Insert]
Slide 9: FY24 results
FY24 results1 FY24 revised Revenue & EBITDA guidance achieved $45.4m $9.0m Total Revenue EBITDA • +69% growth on FY23 ($26.8m) • +156% growth on FY23 ($3.5m) • International (non-APAC) revenue accounts for 55% of Total Revenue • Economies of scale driving profitability • Reflects ongoing global adop
Slide 10: Q1 FY25 reported highlights
Q1 FY25 reported highlights1 Unaudited Revenue of $13.7m, reflecting 54% growth YoY $13.7m 1.3m Unaudited Revenue Samples Processed • International (non-APAC) revenue continues above 50% of Unaudited Revenue • +30% growth YoY • +82% EMEA revenue growth YoY, +237% Americas revenue growth YoY • +9% gr
Slide 11: Market reach extends across key miners
Market reach extends across key miners Ongoing adoption by global miners drives volume growth Top 15 Gold Producing Companies (2023) Samples Processed Actively using PhotonAssayTM Testwork and other engagement 1,400,000 Future potential 1,200,000 1,000,000 Number of PhotonAssays 800,000 Barrick 600,
Slide 12: Executing on our global PhotonAssay roll out
Executing on our global PhotonAssayTM roll out Growing network of units in global mining hubs 31 Units Deployed1 ■ Nine new units deployed in FY24, plus two units deployed in FY25 so far ■ FY25 deployments include the first of three deployments for Barrick- Newmont’s NGM complex in the USA ■ Three d
Slide 13: Growing & diversifying customers
Growing & diversifying customers Ongoing adoption by global miners & customer diversification New contracts ■ 50 contracted units at year-end ■ Five new contracts signed in FY25: ■ Gloriosa (formerly Analabs), Namibia ■ Omni Group, Ghana ■ SGS, Orange, Australia ■ SGS, North Mara gold mine, Tanzania
Slide 14: Diversifying regional revenues
Diversifying regional revenues International (non-APAC) revenue represents 55% of revenue FY24 Revenue by Region1 ■ Revenue1 of $45.4m reflects an increase of 69% YoY $50,000 69% ■ Consistent revenue in APAC reflective of current industry $45,000 cycle Revenue per Region ('000's AUD) $40,000 ■ Incre
Slide 15: Unit metrics and financial leverage
Unit metrics and financial leverage Improving unit metrics across deployed units Unit Metrics1 ■ Consistently strong and improving unit margins representing sustained revenue and decreasing unitised cost ■ Unit costs decreased by 10% from FY23 to FY24 resulting in an increased gross margin of 76% du
Slide 16: Safe & sustainable analysis
Safe & sustainable analysis Meaningful OH&S and environmental benefits As of 30th September 2024, Chrysos PhotonAssayTM has achieved: PhotonAssayTM provides improved OH&S through the elimination of hazardous chemicals, lead exposure, and the ultra-high temperatures used in conventional fire assay. 5
Slide 17: PhotonAssay growth potential
PhotonAssayTM growth potential Unlocking further market opportunities Near Term Development Commercially Available Detectable Elements Optimising Mine Sites Detectable Elements ■ Concurrent moisture ■ Solution analysis Broader Potential ■ Other base metals Current / Core PhotonAssayTM ■ Rare earths
Slide 18: Development PhotonAssay Gen II
Development PhotonAssayTM Gen II Building a sustainable and resilient business Supply chain Improved Deeper resilience + performance + integration ■ New generation of PhotonAssayTM units under development ■ Smaller unit footprint ■ Lighter, for ease of installation ■ Improved sample throughput ■ Sim
Slide 19: FY25 Guidance & Summary
FY25 Guidance & Summary [Insert]
Slide 20: FY25 Guidance
FY25 Guidance Forecastable revenue model FY25 Guidance1: Chrysos is on track to achieve FY25 Revenue & EBITDA Guidance ■ FY25 Revenue range of $60m to $70m ■ FY25 EBITDA range of $9m to $19m 1. Constant currency assumptions (AUD:USD 0.665, AUD:CAD 0.907, AUD:GBP 0.522, AUD:NZD 1.083) CHRYSOS CORPORA
Slide 21: Summary
Summary Chrysos is well positioned for sustainable growth 69% Revenue growth in FY24 (YoY) 4.3m Samples processed during FY24 $47.5m 1 Cash position, well-funded to support continued growth. Diversification 156% 20% EBITDA margin, increasing from Across customers, regional revenue and enhanced profi
Slide 22: Thank you
Thank you For more information, please visit chrysoscorp.com or contact us at investors@chrysoscorp.com
Slide 23: About Chrysos
<> }) CHRYSOS CORPORATION ssays at the speed of light RYSOS jotonAssay About Chrysos
Slide 24: PhotonAssay technology
PhotonAssayTM technology Efficient, effective and environmentally-friendly minerals analysis Step 1 Step 2 Step 3 The crushed sample Automated high-energy X-ray Automated reporting. (2-3 mm) is loaded into analysis, activates and detects gold atoms. jars and scanned into Sample can be retained unit
Slide 25: Transforming the global mining industry with PhotonAssay
Transforming the global mining industry with PhotonAssayTM Best in class gold assaying with measurable benefits over traditionally used methods PhotonAssayTM vs. Traditional Fire Assay1 PhotonAssayTM value proposition Fire Assay PhotonAssayTM Faster turnaround Lower costs Simple to operate Results i
Slide 26: Delivering tangible benefits for miners
Delivering tangible benefits for miners PhotonAssayTM enables timely decision making and additional gold recovery The opportunity… PhotonAssayTM is embedded in the mining value chain PhotonAssayTM Value Add ■ Each year global miners are Exploration Fast turnaround for mine estimated to lose >$2.0 bi
Slide 27: High barriers to entry
High barriers to entry High barriers to entry supported by global IP rights Barriers to competitive entry Long-term leases with Protected by global guaranteed minimums, IP rights embedded at customer site 20+ years of R&D and Superior product to the investment in technology alternative Attractive va
Slide 28: Experienced leadership team
Experienced leadership team Supported by a well-respected and tenured board Senior leadership team Board of Directors Dirk Treasure Rob Adamson Kerry Gleeson Founding CEO & Managing Director Founder & Chairman Director • Metallurgist with a background in both • 20+ years’ experience in mining and •