Slide 1: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer June 2014 Full-Year Results Webcast 29 August 2014 Access this presentation at: http://www.brrmedia.com/event/124499 / http://www.sandfire.com.au J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
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: Introduction and Overview
For personal use only Introduction and Overview Karl Simich – Managing Director and CEO 3 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 4: Headline Financial Results for the Year Ended June 2014
Headline Financial Results for the Year Ended 30 June 2014 Sandfire declares maiden dividend following strong operational and financial performance for FY2014 For personal use only • Sales revenue of $531.2M from 64,719t copper, 31,788oz gold sold • Strong cash flow from operating activities of $223
Slide 5: FY2014 Highlights – Year in Review
FY2014 Highlights – Year in Review FY2014 production; 1.5Mtpa mining and throughput rate achieved; FY2015 guidance and business development For personal use only • FY2014 production: 67,690t copper and 33,893oz gold; C1 US$1.18/lb • Concentrator throughput exceeded 1.5Mtpa: optimisation programs und
Slide 6: Financial Results to June 2014
For personal use only Financial Results to June 2014 Matthew Fitzgerald – CFO 6 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 7: June 2014 Full Year Presentation – Headline Income
June 2014 Full Year Presentation – Headline Income Statement of Comprehensive Income Review – Key Results For personal use only ($’000) June 2014 June 2013 Sales revenue 531,230 507,331 Profit before net finance and income tax 125,616 142,136 Net finance expense (13,668) (16,468) Profit before incom
Slide 8: Commodity Prices and Exchange Rate
Commodity Prices and Exchange Rate Market rates – copper, gold and currency For personal use only 8 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 9: Statement of Comprehensive Income Review
June 2014 Full Year Presentation Statement of Comprehensive Income Review DeGrussa Mine Other Operations Group For personal use only ($’000) FY 2014 Expl and BD Corporate Treasury FY 2014 Sales revenue 531,230 - - - 531,230 Metal and price adjustment gains (losses) - - - (2,407) (2,407) Other income
Slide 10: Statement of Financial Position Review
June 2014 Full Year Presentation Statement of Financial Position Review ($‘000) June 2014 June 2013 For personal use only ASSETS Cash and cash equivalents 57,590 77,070 • Cash – includes $11.4M Trade and other receivables 14,531 8,491 relating to finance facility Inventories 36,501 38,298 • Receivab
Slide 11: Statement of Financial Position Review
June 2014 Full Year Presentation Statement of Financial Position Review ($’000) June 2014 June 2013 For personal use only • Finance facility – LIABILITIES $125M repaid during Trade and other payables 45,359 43,932 FY2014, $160M Interest bearing liabilities 75,979 163,906 remaining debt Provisions 2,
Slide 12: Statement of Cash Flow Review
June 2014 Full Year Presentation Statement of Cash Flow Review For personal use only 12 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 13: Business Development
For personal use only Business Development Karl Simich – Managing Director and CEO Sandfire Resources senior due diligence team on site with Tintina Resources management at the discovery drill-hole, Black Butte Copper Project 13 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 14: Investment in Tintina Resources / Black Butte Copper Project
Investment in Tintina Resources / Black Butte Copper Project Sandfire secures opportunity to lead ongoing evaluation and development of high-grade USA copper project • Investment agreement for Sandfire to acquire a 36% stake in Tintina For personal use only Resources (TSX-V: TAU) through C$16M priva
Slide 15: Investment in Tintina Resources / Black Butte Copper Project
Investment in Tintina Resources / Black Butte Copper Project Sandfire secures opportunity to lead ongoing evaluation and development of high-grade USA copper project For personal use only • Excellent strategic fit with DeGrussa Project • Opportunity for Sandfire to apply its project development and
Slide 16: Black Butte Project Overview
Black Butte Project Overview Advanced, high-quality copper project located in a stable jurisdiction; excellent strategic fit for Sandfire Location • Central Montana (private ranch land) For personal use only PEA • As at July 2013: NPV pre tax of US$218m¹, IRR of 30% (excl. Lowry) • Total: US$218m -
Slide 17: Black Butte Project Overview
Black Butte Project Overview Three flat-flying Sedimentary Copper style deposits which have been extensively drilled • Three flat-lying sedimentary hosted copper deposits For personal use only • Deposits discovered in the 1970’s • Limited further work until recently with Tintina • Very large sulphid
Slide 18: Closing Comments
For personal use only Closing Comments Karl Simich, Managing Director and CEO 18 J u n e 2 0 1 4 F u l l Y e a r R e s u l t s P r e s e n t a t i o n
Slide 19: Summary and Outlook
Summary and Outlook Continued strong outlook for FY2015 • FY2014 production: 67,690t copper; 33,893oz gold; C1 US$1.18/lb For personal use only • FY2014 sales: 64,719t copper, 31,788oz gold • Concentrator throughput and underground mining rate exceeded 1.5Mtpa; 22km of underground development now co