Altius Minerals Corporation · TSX:ALS
Altius Minerals — Shareholder Meeting (May 2024)
16 slides from Altius Minerals's shareholder meeting presentation, May 2024
Slide 1: Annual General Meeting
TSX: ALS | OTCQX: ATUSF Annual General Meeting May 2024 Potash | Clean Steel | Renewable Energy | Copper | Lithium | Nickel | Cobalt | Gold
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- In particular, the forward looking statements and information looking statements” and “forward-looking information” within the contained herein relating to past, present and future commodity meaning of app
Slide 3: Balance, Diversity & Longevity
Balance, Diversity & Longevity No Short-Life (<10 years) Royalties Remaining in Portfolio Production 9 Mines, 11 Renewable Other 4% South Gold Construction America 13% 3 Mines, 3 Renewable 20% Potash 28% Canada Advanced Study 49% 5 Mines, 21 Renewable “High “Consensus” “Consensus” Purity” NAV by NAV
Slide 4: Cyclical Position
Cyclical Position Dr. Copper Copper supply-demand deficit has emerged a year or two ahead of schedule on surprise supply losses and higher than forecast demand growth M&A starting gun has been fired but an unprecedented amount of new mine production is what is required to balance the market TSX: ALS
Slide 5: Cyclical Position
Cyclical Position Early Innings Over the past 20+ years inflationary forces (general + sector specific) have caused the average incentivization price trend line for copper growth investing to increase by more than 4x (nominal 6.5% CAGR) Copper prices have revolved around this incentivization price e
Slide 6: Disciplined, Counter-Cyclical Investment Track Record
Disciplined, Counter-Cyclical Investment Track Record Past Receipts + Consensus Discounted Future Cash Flows Relative to Purchase Price 1 1 Investment Investment $14 Investment Investment $77 Voisey’s Bay Chapada 2003 Acquisition 2016 Acquisition Returns Return $55 $14 3.9x Returns Return $91 $131 2
Slide 7: Potash
Potash Market Stabilized – Long-term Growth Trend Intact $900 $800 $700 Potash Price (FOB Mid West) $600 $500 Potash prices re-basing at higher levels following war-based price $400 ~$360 surge and inflationary reorganization of global distribution and logistics networks $300 $200 ~$225 $100 Rebound
Slide 8: Electrification Metals
Electrification Metals Production Growth Initiatives Maturing Copper prices reached a new all-time high this week but still below incentive levels as costs have increased more than prices Nickel and lithium prices appear to have bottomed as high-cost supply Chapada District Contained Copper Resource
Slide 9: Renewable Energy Royalties
Renewable Energy Royalties ARR- Organic and Acquisitions Based Growth Profile Ramping up Sector adoption of royalty financing has taken hold (GBR: >US$ 380M deployed and committed to date) Royalty Revenue Growth (100% GBR Basis)1 $13-16M2 Strong deal flow pipeline as competing debt and $10.4M equity
Slide 10: Renewable Energy Royalties
Renewable Energy Royalties ARR - Scale and Diversity Increasing Operating Advanced Stage 2,376 MW Solar Development 3,104 MW 8.2 GW Under Construction 895 MW Advanced Stage Wind Development 1,785 MW More than 13GW of additional early-stage development projects subject to potential royalties TSX: ALS
Slide 11: High-Purity Iron Ore
High-Purity Iron Ore Positioned to Benefit From BF to DR Grade Market Share Reversal Steelmaking Market Share by Process Steel making transition to Electric Arc Furnaces from Blast Furnaces is well underway and accelerating An EAF does not require coal inputs but can only utilize DR quality 29% EAF
Slide 12: High-Purity Iron Ore
High-Purity Iron Ore Structural Deficit Looming For High-Purity (DR Grade) Iron Ore DR-Grade Iron Ore Supply / Demand Balance by 2031 DR Iron Ore Demand 303 Mt Altius well positioned to benefit from the global shift to EAF Demand Brazil 21 based steelmaking that is underway through its Labrador Supp
Slide 13: Silicon Gold District
Base AOI Silicon Gold District Silicon: 4.2 Moz (open)1 Merlin: 9.1 Moz (open)1 Highlights and Outlook Frying Pan: (early exploration) Maverick: (early exploration) 13 Moz + New tier-1 gold district discovery in Nevada Expanded AOI Altius 1.5% NSR Royalty North Bull Frog: 1.5 Moz1 Mother Lode: 1.7 M
Slide 14: Capital Structure
Capital Structure Strong Balance Sheet, Growing Returns of Capital Capitalization Table Issued Common Shares1 46,452,252 Basic Market Capitalization1 $1.01 billion Dividend $0.09 / quarter $400M Balance Sheet Returns of Capital $350M Dividends Share Buyback $300M YTD ARR $13M $11M $250M $5M $200M $1
Slide 15: Per Share Returns Focus
Per Share Returns Focus 19.7% CAGR (Share Price + Dividends) Since IPO in 1997 Altius Share Price ($C/share) Dividend per Share ($C/share) $35.00 $30.00 $0.36 $25.00 $0.32 $0.30 $20.00 $0.22 $0.20 $0.19 $0.19 $15.00 $0.13 $0.12 $0.11 $10.00 f $5.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -
Slide 16: Appendix I: Silicon Resources and Reserves
Appendix I: Silicon Resources and Reserves Mineral Reserve Proven Probable Total Mineral Reserve Gold tonnes grade tonnes grade tonnes grade 000 g/t Moz 000 g/t Moz 000 g/t Moz North Bullfrog 71.93 0.43 1.00 71.93 0.43 1.00 As reported by AngloGold Ashanti - FY 2023 Preliminary Financial Update - ww