St. Barbara Ltd. · ASX:SBM
St. Barbara — H1 FY2021 Earnings Presentation
29 slides from St. Barbara's earnings presentation, Feb 17, 2021
Slide 1: Presentation on the December 2020 Half Year Report and webcast
ASX Release / 17 February 2021 For personal use only Presentation on the December 2020 Half Year Report and webcast Mr Craig Jetson, Managing Director & CEO, and Mr Garth Campbell-Cowan, Chief Financial Officer, will brief analysts and institutional investors on the half year financial results at 11
Slide 2: December 2020 Half Year Presentation
December 2020 Half Year Presentation 17 February 2021 For personal use only Craig Jetson Managing Director and Chief Executive Officer Garth Campbell-Cowan Chief Financial Officer 1 / December 2020 Half Year Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Compa
Slide 4: Acknowledgement of Country
Acknowledgement of Country For personal use only We at St Barbara acknowledge the Traditional Custodians of the land upon which we operate and recognise their unique cultural heritage, beliefs and connection to these lands, waters and communities. We pay our respects to all members of these Indigeno
Slide 5: Contents
Contents • Our Commitments For personal use only • Safety Always • FY21 First Half Key Achievements & Performance • Building Brilliance & Future Brownfield Growth • FY21 First Half Financial Results • Deliver our Strategy 4 / December 2020 Half Year Presentation
Slide 6: St Barbara is taking action across our sustainability commitments
St Barbara is taking action across our sustainability commitments For personal use only SAFETY EMPOWERED PEOPLE STRONGER RESPECTING THE GROWING ALWAYS DIVERSE TEAMS COMMUNITIES ENVIRONMENT SUSTAINABLY Target is Zero Harm We are the only mining Delivering on action Carbon neutral by Growing our busin
Slide 7: Safety Always
Safety Always For personal use only During 1H FY21 we embedded CARE4 behaviours St Barbara LTIFR2 in comparison with across all operations. Western Australian Mining benchmarks3 2.1 CARE stands for Control, Action, Respect and 1.5 1.7 Engage. Acting with CARE is how we always put 0.4 SAFETY safety f
Slide 8: FY21 First Half – Key Achievements
FY21 First Half – Key Achievements 11. Consistent profit performance: NPAT of A$37 M for the half For personal use only 22. Strong cash from operations: global operations contributed A$100 M after all capex 33. Paying dividends: interim fully franked dividend of 4 cents per share 44. Launched Buildi
Slide 9: FY21 First Half – Operational Performance
FY21 First Half – Operational Performance Atlantic Gold AISC (A$/oz) 887 968 1,002 For personal use only Gold Production AISC (Consolidated) (koz) (A$/oz) 1,605 55 54 61 Simberi 1,391 1,345 51 46 AISC 1,158 (A$/oz) 1,008 1,717 1,543 1,863 1,107 1,216 Gold Production (Consolidated) 1H 2H 1H 2H Gold P
Slide 10: Building Brilliance at St Barbara and future Brownfield Growth
For personal use only Building Brilliance at St Barbara and future Brownfield Growth • Leonora Province Plan completed and being developed into a strategic action plan to leverage the region’s potential Uplift 2: Execute brownfield • Toll processing agreement with Linden 18 months – 3 years expansio
Slide 11: FY21 First Half – Financial Highlights
FY21 First Half – Financial Highlights For personal use only • EBITDA margin of 42%1 (1H FY20: 36%) Financial • Cash flow from operating activities of A$94 M (1H FY20: A$65 M) metrics • NPAT of A$37 M (1H FY20: A$39 M) • Sustaining and growth capex of A$68 M (1H FY20: A$74 M) GROWING SUSTAINABLY Gro
Slide 12: FY21 First Half – Financial Summary
FY21 First Half – Financial Summary Solid NPAT, EBITDA and cash flow from operations For personal use only A$119 million cash1 at bank A$101 million debt2 (A$200 M undrawn credit facility) Fully franked interim dividend of 4 cents per share 1H 1H Change FY21 FY20 Underlying EBITDA 3 A$ M 151
Slide 13: Key Changes to Underlying Profit – 1H FY20 to 1H FY21
Key Changes to Underlying Profit – 1H FY20 to 1H FY211 For personal use only A$ M 11 -1 -5 1 23 12 -2 40 35 -16 -18 1H FY20 Gross Profit Gross Profit Gross Profit Exploration Corporate + D&A Finance + FX Other Tax 1H FY21 - Leonora - Simberi - Atlantic Royalties Ops Ops Ops 12 / December 2020 Half Y
Slide 14: Movement in Cash Balance – First Half FY21
Movement in Cash Balance – First Half FY21 For personal use only June 2020 December 2020 51 -16 A$M -20 406 52 -38 14 -17 -3 -60 -22 -7 -221 119 Cash Jun MRRI Leonora Simberi Atlantic Growth ExplorationCorporate + Income Investments Dividends Other Financing Cash Dec 2020 Acquisition Ops Ops Ops Cap
Slide 15: Balance Sheet
Balance Sheet For personal use only A$ M Entitlement Offer Cash Debt (net receipts) 890 480 98 343 161 410 405 98 137 161 119 -101 -226 -316 -90 FY16 FY17 FY18 FY19 FY20 1H FY21 14 / December 2020 Half Year Presentation Note: 1H FY21 debt position excludes A$11 M in lease liabilities, numbers may no
Slide 16: Returns to Shareholders
Returns to Shareholders Fully franked interim For personal use only dividend of A$0.04 per Dividends share to be paid per ounce 173 24 March 2021 produced 154 149 135 (A$/oz)1 Dividend represents 81 A$173 per ounce of gold produced1 Dividends Cumulative dividend Cumulative paid (cps) 38 payments of
Slide 17: FY21 – Deliver on our Strategy
FY21 – Deliver on our Strategy We will progress each of our three assets aligned For personal use only with the strategy presented in December: • Deliver the Simberi Sulphide Feasibility Study for Board review • Advance the Leonora Province plan, including regional exploration • Submission of the EI
Slide 18: Supplementary slides
For personal use only Supplementary slides 17 / December 2020 Half Year Presentation
Slide 19: Snapshot of St Barbara (SBM.ASX) – A global ASX gold producer
For personal use only Snapshot of St Barbara (SBM.ASX) – A global ASX 200 gold producer Market Market Capitalisation1 A$1.6B @ A$2.30/share Outstanding shares1 705 M Liquidity2 6 M/day (0.8%) Financial 1H FY21 EPS3 A$0.05 St Barbara has a strong balance sheet supported 1H FY21 interim dividend A$0.0
Slide 20: Consolidated production, costs and guidance summary
Consolidated production, costs and guidance summary Production Summary Q2 Dec Q3 Mar Q4 Jun Year Q1 Sep Q2 Dec 1H Guidance For personal use only Consolidated FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 St Barbara’s financial year is Qtr to Qtr to Qtr to Year to Qtr to Qtr to 6 months to Year to 1 July t
Slide 21: Guidance summary – exploration, capex, production profile
Guidance summary – exploration, capex, production profile Exploration Guidance FY21 A$ M For personal use only Australia Leonora Region 8–9 FY21 Production Pinjin WA, Lake Wells WA, Back Creek NSW 10 – 11 Indicative Quarterly Guidance Profile Tabar Island Group, Papua New Guinea 2–3 Nova Scotia,
Slide 22: Brownfield project pipeline
Brownfield project pipeline 1 Indicative development timeline For personal use only 2021 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Atlantic Beaver Dam Fifteen Mile Stream Cochrane Hill Leonora Intermediates Shallows Extensions Simberi Sulphides 17-Feb-2021 Scoping Feasibility Pe
Slide 23: Project pipeline
Project pipeline For personal use only KEY Regional Nova Scotia Canada Papua New Guinea Moose River Corridor Australia Equity Investments Simberi Island (oxides) Back Creek Cochrane Hill Greater Gwalia Simberi Sulphides Pinjin Leonora Province Peel Mining Aust Potash1 Gwalia Shallows Touquoy Mine (1
Slide 24: Ore Reserves Summary as at June 2020
Ore Reserves Summary as at 30 June 2020 For personal use only Proved Probable Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,583 8.0 409 7,824 5.9 1,483 9,407 6.3 1,892 Tower Hill, (WA) - - - 2,572 3.7
Slide 25: Mineral Resources Summary at June 2020
Mineral Resources Summary at 30 June 2020 For personal use only Measured Indicated Inferred Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 3,991 6.4 819 17,403 6.0
Slide 26: Non-IFRS measures
Non-IFRS measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass
Slide 27: Competent persons statement
Competent persons statement Mineral Resource and Ore Reserve Estimates For personal use only The information in this presentation that relates to Mineral Resources or Ore Reserves for Gwalia, Tower Hill, Simberi and Atlantic Gold is extracted from the report titled ‘Ore Reserves and Mineral Resource
Slide 28: Investor Relations enquiries
Investor Relations enquiries For personal use only Garth Campbell-Cowan Chief Financial Officer David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Scheduled ASX Announcements 28 April 2021 Q3 FY21 Quarterly Report 27 / December 2020 Half Year Presentation
Slide 29: For personal use only
For personal use only