Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q3 FY2017 Earnings Presentation
12 slides from Royal Gold's earnings presentation, May 11, 2017
Slide 1: Fiscal Third Quarter Results
Fiscal Third Quarter Results Royal Gold, Inc. May 11, 2017
Slide 2: Cautionary Statement
Cautionary Statement 2 This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ
Slide 3: Today's Speakers
Today’s Speakers 3 Tony Jensen Stefan Wenger President CFO and and CEO Treasurer NASDAQ: RGLD May 11, 2017
Slide 4: Highlights
Highlights 4 Record operating cash flow Repayment of $45 million of debt No capital commitments Sequential growth catalysts: Rainy River (CY 2017) Cortez Crossroads (CY 2018) Peñasquito Pyrite Leach (CY 2019) Teck’s Carmen de Andacollo copper-gold mine in the Coquimbo region of Chile; Royal Go
Slide 5: Q3 Fuels Step Change in Operating Cash Flow
Q3 Fuels Step Change in Operating Cash Flow 5 Q3 results contribute to step change Higher revenue from Mount in operating cash flow (OCF) Milligan, Pueblo Viejo, $250m Peñasquito, Wassa and $250 $1,800 Prestea over the prior year Last 4 fiscal years’ average OCF was $170m per year $1,600 quarter $20
Slide 6: 38 Operating Properties Drive our Performance
38 Operating Properties Drive our Performance 6 Reiterated CY17 gold production guidance of 625-650koz1 Q1 production impacted by timing of autoclave maintenance Slightly higher gold recoveries reported in Q1 Pueblo Viejo Reiterated CY17 gold production guidance of 255-280koz2 Wassa Underg
Slide 7: FQ3 Financial Results and Liquidity
FQ3 Financial Results and Liquidity 7 FQ3 Revenue of $107M Effective tax rate of 23% for FQ3 and 20% for nine months ended 3/31/17 FQ3 DD&A of ~$455 per GEO, at low end of expected range of $450-$475 for FY2017 Final scheduled payment to Golden Star completed $45 million debt repayment in FQ3 No add
Slide 8: Volume Growth Already Bought & Paid For
Volume Growth Already Bought & Paid For 8 Sequential growth catalyst in each of calendar 2017, 2018, and 2019 Commission plant in CQ2 and CQ3, first ore to mill in C3Q1 Stream on 6.5% of gold and 60% of silver2 3.8Moz gold in reserves; 9.4Moz silver in reserves1 Rainy River - 2017 Pueblo Viejo
Slide 9: Developments at Pascua-Lama & Voisey's Bay
Developments at Pascua-Lama & Voisey’s Bay 9 Barrick recently announced a joint working group with Shandong Gold to explore the development of Pascua-Lama Pre-Feasibility study on the Lama deposit underway Royal Gold has a 5.45% royalty on all gold production from Pascua (Chilean) side (which ha
Slide 10: Closing Remarks
Closing Remarks 10 Record operating cash flow Repayment of $45 million of debt No capital commitments $460 million of liquidity 6.7 million ounces of GEO reserves1 Sequential growth catalysts: Rainy River (CY 2017) Cortez Crossroads (CY 2018) Peñasquito Pyrite Leach (CY 2019) Processing tanks
Slide 11: 1660 Wynkoop Street, #1000 Denver, CO 80202-1132
1660 Wynkoop Street, #1000 Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com
Slide 12: Portfolio of Assets
Portfolio of Assets 12 Diverse, Long Lived Properties Streams (at March 31, 2017) Reserve CY2017 RGLD RGLD RGLD pays RGLD pays Remaining Operator Operator Mine Metal RGLD interest until until until until until interest interest (per unit) (per ounce) Mine Life Guidance (Years) (oz/lbs)2 Mount LOM (l