Dpm Metals Inc. · TSX:DPM
Dpm Metals — Dundee Precious Metals — Shareholder Meeting (May 2022)
23 slides from Dpm Metals's shareholder meeting presentation, May 5, 2022
Slide 1: 2022 Annual & Special Meeting: Unlocking Value. Delivering Results.
2022 ANNUAL & SPECIAL MEETING UNLOCKING VALUE. DELIVERING RESULTS.
Slide 2: Jonathan Goodman, Chair of the Board of Directors
JONATHAN GOODMAN Chair of the Board of Directors Unlocking resources and generating value to thrive and grow together TMX:DPM 2
Slide 3: Welcome to our Virtual Annual General Meeting
Welcome to our Virtual Annual General Meeting ▪ Questions may be submitted using the instant messaging service of the virtual interface Asking ▪ Please indicate your name and which entity you represent Questions ▪ Questions will be addressed at the end of the meeting, following the formal business a
Slide 4: Meeting Agenda
Meeting Agenda Appointment of the Secretary and Scrutineer Constitution of the Meeting Presentation of Financial Statements and Auditor’s Report Nomination and Election of Directors Appointment of the Auditor Approval of the 2022 Stock Option Plan Advisory “Say on Pay” Resolution Termination of the
Slide 5: Nomination and Election of Directors
Nomination and Election of Directors R. Peter Gillin David Rae Dr. Nicole Adshead-Bell Jaimie Lee Donovan Incoming Chair President & CEO Kalidas Madhavpeddi Juanita Montalvo Marie-Anne Tawil Anthony P. Walsh TMX:DPM 5
Slide 6: David Rae, President & Chief Executive Officer
David Rae President & Chief Executive Officer Unlocking resources and generating value to thrive and grow together TMX:DPM 6
Slide 7: Forward Looking Statements
Forward Looking Statements Certain statements and other information included in this presentation and our other disclosure documents constitute “forward looking statements” or “forward looking information” (collectively, “Forward Looking Statements”). Forward Looking Statements are statements that a
Slide 8: Use of Non-GAAP Measures
Use of Non-GAAP Measures Certain financial measures referred to in this presentation are not measures recognized under IFRS and are referred to as Non-GAAP financial measures or ratios. These measures have no standardized meanings under IFRS and may not be comparable to similar measures presented by
Slide 9: 2021 Performance Highlights
2021 Performance Highlights Delivered strong operating performance and record financial results RECORD GOLD PRODUCTION INDUSTRY LEADING COST RECORD FREE CASH FLOW 3 CONSECUTIVE YEARS PERFORMANCE GENERATION Metals Contained in Concentrate Produced All-in Sustaining Cost (1) Free Cash Flow(3) $ per go
Slide 10: Track Record of Disciplined Capital Allocation
Track Record of Disciplined Capital Allocation Balancing financial strength, reinvestment and return of capital to shareholders BALANCE SHEET RETURNING CAPITAL TO INVESTING IN OUR STRENGTH SHAREHOLDERS FUTURE ▪ $382M growing net cash position ▪ 13% of 2021 free cash flow ▪ Added Loma Larga project a
Slide 11: Solid Three-Year Outlook
Solid Three-Year Outlook Highlights strong production profile, attractive AISC and potential to generate significant free cash flow STRONG PRODUCTION PROFILE ATTRACTIVE ALL-IN SUSTAINING COST Metals contained in concentrate produced All-in sustaining cost ($/oz Au)(1) Gold (K oz.) Copper (M lbs.) $7
Slide 12: Q1 2022 Results Highlights
Q1 2022 Results Highlights Solid gold production and excellent cost performance driving significant free cash flow STRONG METALS PRODUCTION EXCELLENT ALL-IN SUSTAINING COST Metals Contained in Concentrate Produced All-in sustaining cost(1) ($/oz.) Gold (K oz.) Copper (M lbs) $750 - $890 250 – 290 $6
Slide 13: Attractive Development Projects Driving Future Production
Attractive Development Projects Driving Future Production Adds production growth and maintains peer-leading low AISC profile Operating Assets Development projects 500 Gold contained in concentrate produced (000’s ounces) 450 Timok +80koz.(6) 400 350 310 265 - 310 Loma 300 250 - 290 Larga 230 - 265 +
Slide 14: Advancing our Development Projects
Advancing our Development Projects Potential to add low-cost production growth Loma Larga Timok Ecuador Serbia 31% $520M ~200koz. 21% $135M ~80koz. IRR NPV5% Average annual gold IRR NPV5% Average annual gold production production Upcoming project milestones Upcoming project milestones • Issuance of
Slide 15: Industry-Leading ESG Performance
Industry-Leading ESG INDUSTRY-LEADING ESG PERFORMANCE
Slide 16: An Industry Leader in ESG
An Industry Leader in ESG Strong track record of ESG performance Sustainability Highlights ▪ Targeting Net Positive Impact from our operations Reduced Total Reportable Injury Frequency Rate by 33% ▪ “A” rating by MSCI, an independent ESG rating agency Reduced SO2 by 95% ▪ 91st percentile in 2021 S&P
Slide 17: Climate Change Strategy
Climate Change Strategy Building on track record of actively managing and improving GHG emissions & energy use Our Climate Change Journey to Date ESTABLISHED CARBON EFFICIENCY PUBLISHED INAUGURAL ESTABLISHED MANAGEMENT PLAN AT IMPROVEMENTS CLIMATE CHANGE GHG REDUCTION CHELOPECH & PUBLISHED AT TSUMEB
Slide 18: GHG Emissions Reduction Targets
GHG Emissions Reduction Targets The next step for our objective of generating a net positive impact ▪ Targets are aligned with latest Intergovernmental Panel on Climate Change & reflect aspiration of remaining within a well-below 2⁰ threshold as defined by the Paris Agreement ▪ Identified several br
Slide 19: Adding Value Through Innovation
Adding Value Through Industry-Leading ESG Innovation ADDING VALUE THROUGH INNOVATION TMX:DPM 19
Slide 20: Adding Value Through Innovation
Adding Value Through Innovation Leveraging innovative technology to optimize performance and mitigate cost pressures Increasing safety Lowering mining Advanced process control technology Integrated machine vision technology costs Improved recovery and greater efficiency Improved safety and efficienc
Slide 21: Well-Positioned to Deliver Value to Shareholders
Well-Positioned to Deliver Value to Shareholders DPM’s strong fundamentals represent an attractive value opportunity Strong Production & Cost Profile Strong Free Cash Flow & Balance Sheet Returning Capital to Shareholders ▪ 270,000 Au oz. ▪ Generated $252M of free cash flow in ▪ Extended normal cour
Slide 22: Footnotes and Disclaimers
Footnotes and Disclaimers 1. Cost of sales per ounce of gold sold represents cost of sales for Chelopech and Ada Tepe, divided by payable gold in concentrate sold. This measure is before by-product credits. All-in sustaining cost per ounce of gold is a non-GAAP ratio which represents cost of sales l
Slide 23: Corporate Head Office and Investor Relations
Corporate Head Office 150 King Street West, Suite 902 Toronto, Ontario M5H 1J9 T: 416 365-5191 Investor Relations jcameron@dundeeprecious.com T: 416 219-6177 www.dundeeprecious.com Follow us on Twitter @DundeePrecious Visit our LinkedIn page linkedin.com/company/dundee-precious-metals-inc/
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