CNMC Goldmine Holdings Limited · SGX:5TP
CNMC Goldmine — FY2015 Earnings Presentation
34 slides from CNMC Goldmine's earnings presentation, Feb 23, 2016
Slide 1: CNMC Goldmine Holdings 4Q2015 & FY2015 Results Briefing
CNMC Goldmine Holdings Limited 4Q2015 & FY2015 Results Briefing 23 February 2016 (These presentation slides are available on the Company’s corporate website www.cnmc.com.hk)
Slide 2: 4Q2015 Financial Highlights
4Q2015 Financial Highlights
Slide 3: Financial Highlights
Financial Highlights Income statement 4Q 2015 4Q 2014 Change Revenue (US$' million) 9.30 9.79 -5.0% Results from operating activities (US$' million) 4.60 4.37 5.2% Net profit (US$' million) 4.08 4.04 1.0% Net profit (excluding FX Impact and one-off tax credit) (US$' million) 3.40 4.69 -27.5% Net pro
Slide 4: Revenue
Revenue Revenue fell 5%: Average realized gold price, from US$1,227/ounce to US$1,093/ounce Partly offset by: Sales volume of fine gold, from 7,975 ounces to 8,510 ounces
Slide 5: Net Profit
Net Profit Net profit up 1.0% to US$4.08 million due mainly to: • Unrealised foreign exchange gain of US$0.68 million stemming from Malaysian ringgit’s appreciation against US dollar
Slide 6: Price vs Profit Margin
Price vs Profit Margin • Higher profit margin in 2Q2014 was due to the reversal of the one-off tax credit • Lower profit margin in 3Q2015 was due to the sharp fall in MYR against USD
Slide 7: Analysis Of All-In Costs And Margin
Analysis Of All-In Costs And Margin 4Q 2015 4Q 2014 Changes US$ / gold ounce sold % Mining related costs 312 285 9% Royalty and tribute expenses 81 93 -13% Adjusted operating costs 393 378 4% General and administrative costs 79 107 -26% Capital expenditure 38 30 27% All-in sustaining costs 510 515 -
Slide 8: Summary Of All-In Costs And Margin
Summary Of All-In Costs And Margin All-in costs of production declined to US$555/ounce in 4Q 2015 from US$610/ounce in 4Q2014, reflecting the success of CNMC’s ongoing efforts to improve operational efficiency.
Slide 9: Balance Sheet Highlights
Current assets versus current liabilities, Current ratio Uss'ooo 1.8 2Q2013 3Q2013 402013 102014 202014 302014 402014 102015 2Q2015 302015 4Q2015 mms Current assets (USS'000) Current liabilities (USS'000) © ====Current ratio (times)
Slide 10: Cash Position
Cash Position • As of quarter end, the Group had cash and cash equivalents of US$22.13 million at the end of the quarter, almost double the US$12.34 million as at end of 4Q2014.
Slide 11: FY2015 Financial Highlights
FY2015 Financial Highlights
Slide 12: Financial Highlights
Financial Highlights Income statement FY2015 FY2014 Change Revenue (US$' million) 36.47 33.21 9.8% Results from operating activities (US$' million) 13.98 14.80 -5.5% Net profit (US$' million) 13.43 15.32 -12.3% Net profit (excluding FX Impact and one-off tax credit) (US$' million) 16.43 14.83 10.8%
Slide 13: Revenue: FY2011 to FY2015
USS'000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 Revenue Revenue (USS’000) 33,213 16,761 16,626 = | I 2011 2012 2013 2014 36,470 2015 CNMC
Slide 14: Net Profit: FY2011 to FY2015
USS'000 (5,000) (10,000) (= Net (Loss) profit (USS'000) === Net profit margin 60% 40% 20% 0% -20% -40% -60% -80% -100% -120% CNMC
Slide 15: Net Profit: FY2011 to FY2015
US$'000 (5,000) (10,000) Net Profit (Excluding FX impact and one-off tax credit) 45% 16 43904 (5, lll Net (Loss) profit (USS'000) —=——=Net profit margin CNMC
Slide 16: Current Assets, Current Liabilities and Current Ratio: FY2011 to FY2015
CURRENT ASSETS, CURRENT LIABILITIES AND CURRENT RATIO: FY2011 TO FY2015
Slide 17: Cash and Cash Equivalents & Borrowings: FY2011 to FY2015
CASH AND CASH EQUIVALENTS & BORROWINGS: FY2011 TO FY2015
Slide 18: 2015 Milestones
2015 Milestones
Slide 19: 2015 Milestones
2015 Milestones Date: Milestone: 6th January CNMC produced a total of 4,681.15 ounces of Gold Dore bars in December 2014, despite the North-East Monsoon season 2nd April Newly discovered Mineral Resources and Ore Reserves for the Sokor Gold Project amounting to 10.81 million tonne at 1.5g/t gold wit
Slide 20: 2016 Milestones
2016 Milestones Date: Milestone: 7th January CNMC produced record 31,205.85 ounces of fine gold in FY2015
Slide 21: Competitive Strength
Competitive Strength
Slide 22: Competitive Strength
Competitive Strength Strong Profitable gold Low all-in cost operating cash producer of production flow Exploring Corporate portfolio transparency expansion
Slide 23: Stock Data & Dividend
Stock Data & Dividend
Slide 24: Stock Data & Dividend
Stock Data & Dividend (SGX: 5TP) (Reuters: CNMC.SI) 19 February 2016 (Bloomberg: CNMC:SP) Price per share S$0.215 Market capitalisation S$ 87.57 Million Share issued 407.29 Million P/E ratio (Note) 5.81 Dividend Yield (YTD) 4.40% Note: Market price per share @ 19 February 2016 / Earning per share (S
Slide 25: About CNMC
About CNMC
Slide 26: About CNMC
About CNMC • Involved in exploration and mining of gold, and processing of mined ore into gold dores • Commenced operations in 2007; first Catalist-listed gold producer on SGX-ST (listed on October 2011) • Current flagship project – Sokor Gold Field in Kelantan, Malaysia • CNMC founded by Prof Lin X
Slide 27: Sokor Gold Field Project
Sokor Gold Field Project • Spanning an area of 10km², Sokor had 506,000 ounces of JORC-compliant gold resources (including ore reserves) as at 31 December 2014 • Achieved first gold pour on 21 July 2010 • Produced more than two metric tonne of fine gold bullion since production commence • 4 identifi
Slide 28: Production Facilities
Production Facilities Three leaching yards with estimated leaching capacity of 1 million tonnes of ore per annum Brand-new gold de-absorption plant comprising gold de-absorption, active carbon re-generation and smelting systems to support leaching capacity of 1 million tonnes of ore per annum
Slide 29: Production Facilities
Production Facilities Brand-new ore agglomeration facility in construction Upgrading existing vat leaching facility to estimated leaching capacity of 200,000 tonnes of ore per annum
Slide 30: Fine-Gold Production
Fine-Gold Production • Commenced gold production in July 2010 and has since successfully completed more than 200 gold pours • Over the comparative periods, fine gold production increased 19.46% to 31,205.85 ounces in FY2015 from 26,122.08 ounces in FY2014
Slide 31: JORC Compliant Gold Resource
JORC Compliant Gold Resource As at 31 December 2014, Total Measured, Indicated and Inferred gold Mineral Resources for the Sokor Gold Project (above a 0.3 g/t gold cut-off grade at Rixen and a 0.5 g/t gold cut-off grade at Manson’s Lode, New Discovery and Ketubong) is 10.81 million tonne at 1.5g/t g
Slide 32: Resources and Production
Resources and Production Gold Resources Versus Fine Gold Production
Slide 33: Disclaimer
Disclaimer The materials used herein and this presentation (collectively, the “Presentation”) have been prepared by CNMC Goldmine Holdings Limited (“CNMC”) solely for use at the presentation to be made to qualified investors and investment professionals. By viewing the Presentation, or by reading th
Slide 34: Thank You
Thank You Media Media and and Investor Investor Contact Contact Information: Information: WeR1 WeR1 Consultants Consultants PtePte Ltd Ltd 33 Phillip Phillip Street, Street, #12-01 #12-01 Royal Royal Group Group Building, Building, Singapore Singapore 048693 048693 Tel: Tel: (65) (65) 67374844 67374
CNMC Goldmine Holdings — FY2015 Earnings Presentation on 6ix