Slide 1: 2023 Financial Year Results Presentation
Ramelius Resources Limited Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS 2023 Financial Year Results Presentation August 20231 FY23 RESULTS PRESENTATION • AUGUST 2023
Slide 2: Qualifications & Non-IFRS Financial Information
QUALIFICATIONS & NON-IFRS FINANCIAL INFORMATION Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various ri
Slide 3: Production Flexibility from Multiple Assets
PRODUCTION FLEXIBILITY FROM MULTIPLE ASSETS # Mid-point of FY24 Production Guidance, see ASX Release “June 2023 Quarterly Activities Report”. 27 July 2023 FY23 RESULTS PRESENTATION • AUGUST 2023 3
Slide 4: FY23 Mining Highlights
FY23 MINING HIGHLIGHTS 4,023kt ore mined ↑ 11% on 2022 281koz contained gold mined ↑ 10% on 2022 2.17g/t mined grade ↑ 2% on 2022 FY23 RESULTS PRESENTATION • AUGUST 2023 4
Slide 5: FY23 Production Highlights
FY23 PRODUCTION HIGHLIGHTS 240,996 oz prod. ↑ 3% on 2022 A$2,591/oz sold ↑ 8% on 2022 A$1,895/oz AISC ↑ 24% on 2022 # The AISC Guidance is based on the mid-point of the Guidance ranges, from RMS ASX Release “June 2023 Quarterly Activities Report”, 27 July 2023 for 2024(F)# & FYF24# and from RMS ASX
Slide 6: FY23 Underlying Financial Results
FY23 UNDERLYING FINANCIAL RESULTS $631.4M $33.0M Revenue Underlying cash flow1 ↑ ↑ 5% on 2022 9% on 2022 $276.3M $272.1M Underlying EBITDA2 Cash & gold on hand ↑ 6% on 2022 ↑ 57% on 2022 $75.3M 2.0 cps Underlying NPAT2 Final dividend ↑ 3% on 2022 ↑ 1.0cps on 2022 1 Underlying cash flow is cash flows
Slide 7: Underlying Earnings (EBITDA) – Excellent Contribution from Both Operations
UNDERLYING EARNINGS (EBITDA)1 – EXCELLENT CONTRIBUTION FROM BOTH OPERATIONS 44% Industry leading Underlying EBITDA Margin A$1,136/oz Underlying EBITDA per Ounce Both operations making significant contribution to the Underlying Group EBITDA 1 Underlying EBITDA & NPAT have been adjusted for impairment
Slide 8: Cash Flow
CASH FLOW ➢ Cash & Gold at 30 June 2023 of $272.1M ➢ Underlying cash flow1 of $33.0M, discussed on following slide ➢ Other cash flow variance versus prior year due to: ▪ Cash acquired with Breaker of $75.1M ▪ Tax refund of $6.2M received as opposed to $50.5M payment in prior year ➢ Dividends totalle
Slide 9: Strong Balance Sheet
STRONG BALANCE SHEET ➢ Balance sheet remains strong with excellent liquidity ➢ $272.1M in cash & bullion with ~145,000 ounces contained in stockpiles and GIC ➢ $100M debt facility in place and undrawn ➢ Working capital1 position improved 77% to $293.1M ➢ Well priced hedge book providing a balance of
Slide 10: Dividends – Years of Delivery
DIVIDENDS – 5 YEARS OF DELIVERY Final Dividend ➢ Fully franked dividend at 2.0 cents ($19.8M) ➢ Record / Payment date: 15 Sept / 12 Oct 2022 ➢ Pay-out rate of 30% of free cash flow1 ➢ Returns $82/oz produced (highest paid by RMS) ➢ Yield of 1.6%2 ➢ TSR3 average 21.1% p.a. over 5 years Dividend Reinv
Slide 11: Ramelius - Well Positioned for 2024 and Beyond
RAMELIUS - WELL POSITIONED FOR 2024 AND BEYOND Proven management team adept in either greenfields development or Operational Excellence refurbishment & operation of both open pit and underground mines Strong balance sheet, disciplined approach to capital management with a focus Balance Sheet & Use o
Slide 12: Contact Details
CONTACT DETAILS Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Managing Director Chief Fina
Slide 13: Appendix 1: FY23 Financial Summary
APPENDIX 1: FY23 FINANCIAL SUMMARY Financials Units FY23 FY22 Change Revenue A$’M 631.3 603.9 5% EBITDA A$’M 256.7 208.1 23% Underlying EBITDA2 A$’M 276.3 292.8 (6%) EBIT A$’M 92.2 25.1 266% Underlying EBIT2 A$’M 111.8 109.8 2% NPAT A$’M 61.6 12.4 397% Underlying NPAT2 A$’M 75.3 73.0 3% Cash Flow fr
Slide 14: Appendix 2: Revenue and Underlying Earnings – 5-Year Trend
APPENDIX 2: REVENUE AND UNDERLYING^ EARNINGS – 5-YEAR TREND 1 Underlying EBITDA, NPAT, and EPS have been adjusted for impairment charges, asset sales, and other and one-off items, see Financial Statements released today for reconciliation 2 Using 20 day VWAP at 1/7/17 to 30/6/22 plus dividends paid