Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — H1 FY2014 Earnings Presentation
12 slides from Sandfire Resources's earnings presentation, Feb 20, 2014
Slide 1: Half Year Results Presentation and Operations Update – Webcast
For personal use only December 2013 Half Year Results Presentation and Operations Update – Webcast Access this presentation at: http://www.brr.com.au/event/120620 http://www.sandfire.com.au 1 S a n d f I r e R e s o u r c e s - A P r e m I e r A u s t r a l I a n C o p p e r P r o d u c e r 20 Febru
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements Forward-Looking Statements For personal use only • This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The pre
Slide 3: Headline Financial Results for the 6 Months to 31 December 2013
Headline Financial Results for the 6 Months to 31 December 2013 Interim profit following a solid performance; strong outlook for FY2014 Sales revenue of $249.6M from 30,098t copper, 14,437oz gold For personal use only • • Strong cash flow from operating activities of $114.8M • DeGrussa Mine earnings
Slide 4: 1H FY2014 Highlights – Period in Review
1H FY2014 Highlights – Period in Review Strong 1H FY2014 production; ramp-up of Concentrator and underground mine; FY2014 guidance and costs For personal use only • Ramp-up of underground mine to 1.5Mtpa production rate achieved • Optimisation of 1.5Mtpa Concentrator: 1H FY2014 production 31,938t co
Slide 5: Headline Income Statement Review – Key Results
December 2013 Half Year Presentation – Headline Income Statement of Comprehensive Income Review – Key Results ($’000) 1H FY2014 2H FY2013 1H FY2013 For personal use only Sales revenue 249,609 234,893 272,438 Profit before net finance and income tax 55,943 22,281 119,855 Net finance expense (8,190) (
Slide 6: Commodity Prices and Exchange Rate
Commodity Prices and Exchange Rate Market rates – copper, gold and currency COPPER PRICE ($/tonne) GOLD PRICE ($/ounce) For personal use only • USD copper price weakened during 2013 • Impact on revenue more than offset by the falling AUD to around US$0.90 • AUD copper spot pricing has risen above A$
Slide 7: Segment Review
December 2013 Half Year Presentation Segment Review DeGrussa Mine Other Operations Group ($’000) For personal use only 1H FY2014 Expl and BD Corporate Treasury 1H FY2014 Sales revenue 249,609 - - - 249,609 Metal and price adjustment gains (losses) - - - 1,779 1,779 Other income - - - - - Changes in
Slide 8: Statement of Financial Position Review (Assets)
December 2013 Half Year Presentation Statement of Financial Position Review ($’000) December 2013 June 2013 For personal use only ASSETS Cash and cash equivalents 74,790 77,070 • Cash – includes $64M Trade and other receivables 9,451 8,491 relating to finance facility Inventories 34,212 38,507 accou
Slide 9: Statement of Financial Position Review (Liabilities)
December 2013 Half Year Presentation Statement of Financial Position Review ($’000) December 2013 June 2013 $55M of scheduled For personal use only • LIABILITIES repayments completed Trade and other payables 50,534 43,932 during reporting period Interest bearing liabilities 99,243 163,906 – $15M Sep
Slide 10: Operations Update
Operations Update Quarterly copper production on track: solid mining and processing performance For personal use only • Underground mine maintaining 1.5Mtpa steady-state production rate • Paste plant performance stabilised and achieving target rates under gravity flow conditions • Development of C1
Slide 11: Summary
Summary DeGrussa ramp-up completed; strong production and margin outlook; exploration gathering momentum For personal use only • Sales revenue of $249.6M from 30,098t copper, 14,437oz gold • Strong cash flow from operating activities of $114.8M • DeGrussa Mine earnings before net finance and income
Slide 12: Half Year Results Presentation and Operations Update – Webcast
For personal use only December 2013 Half Year Results Presentation and Operations Update – Webcast Access this presentation at: http://www.brr.com.au/event/120620 http://www.sandfire.com.au 12 S a n d f I r e R e s o u r c e s - A P r e m I e r A u s t r a l I a n C o p p e r P r o d u c e r 20 Febr