Burgundy Diamond Mines Ltd · ASX:BDM
Burgundy Diamond Mines — Q4 2023 Earnings Presentation
15 slides from Burgundy Diamond Mines's earnings presentation, Jan 30, 2024
Slide 1: Q4 2023 Results Conference Call
Q4 2023 RESULTS CONFERENCE CALL 30 JANUARY 2024 BURGUNDY DIAMOND MINES LIMITED ASX: BDM A reliable producer of premium BURGUNDYDIAMONDS.COM rough diamonds to the global luxury market.
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This Presentation is given on behalf of Burgundy Diamond Mines Limited (ASX: BDM) (ABN 33 160 017 390) (Burgundy or Company). By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Financial information Certain financial data included in this Presentation is 'non IFRS financial information’ and "non-GAAP" financial measures under Regulation G of the U.S. Securities Exchange Act of 1934, as amended. These measures are used internally by managemen
Slide 4: Q4 Highlights ($US)
Q4 HIGHLIGHTS ($US) ▪ Revenue of $166 million, up 37% on the prior corresponding period (Q4 2022: $121 million) ▪ Average realised price of $93 per carat down 2% on the prior corresponding period (Q4 2022: $95 per carat) ▪ Carats recovered of 1.2 million, up 19% on the prior corresponding period (Q4
Slide 5: Q4 Sales Update
Q4 SALES UPDATE Three months ended 31 December 2023 (All currency figures in US Dollars unless otherwise stated) Q4 2023 Q4 2022 Variance Carats Sold 1,789,503 1,273,725 40% Revenue $166.0 $120.6 38% Realised price per carat $93 $95 -2% Cash cost per carat $64.6 $61.4 5% Cash margin per carat $28.2
Slide 6: Diamond Market
DIAMOND MARKET ▪ Market has demonstrated stability in last few months ▪ Prices achieved in our last few auctions have improved ▪ Some improvement in retail sales in some sectors ▪ General supply to mid-stream has slowed (sale suspensions by majors) ▪ Moratorium on Indian import lifted ▪ G7 Sanctions
Slide 7: Sample Special Stones Recovered in December Quarter
SAMPLE SPECIAL STONES RECOVERED IN DECEMBER QUARTER Available for purchase at Specials Sale in late March/Early April 75 ct White 54 ct White 26.5 ct Vivid Yellow 7
Slide 8: Q4 Operations Update
Q4 OPERATIONS UPDATE Three months ended 31 December 2023 Units Q4 Q4 Variance 2023 2022 Total tonnes mined Wmt 4.25 6.38 -33% Ore tonnes mined Wmt 1.1 0.87 26% Tonnes processed Dmt 1.05 0.99 6% Carats recovered mCts 1.23 1.03 19% Grade cts/t 1.17 1.05 12% Rough diamond mCts 1.33 0.93 43% inventories
Slide 9: Point Lake Project Update
POINT LAKE PROJECT UPDATE Progress during Q4 2023 ▪ Phase 2 dewatering completed ▪ 95% of water volume pumped out & completed to the level prescribed in permit for Q4 ▪ Barge/pump retrieval completed ▪ Open pit mining approval received ▪ Pre-stripping expected to start in March 2024 ▪ Mining expecte
Slide 10: Q4 Financial Update
Q4 FINANCIAL UPDATE Three months ended 31 December 2023 (All currency figures in US Dollars unless otherwise stated) As at 31 As at 30 December 2023 September 2023 Cash $94.4m $45.5m Diamond inventories $120.6m $156.9m Bank loans and Borrowings $73.8m $73.8m Other Obligations (capital leases $55.7m
Slide 11: 2024 Guidance
2024 GUIDANCE ▪ Ore tonnes mined - 4.2 to 4.7 million tonnes ▪ Total tonnes mined – 14.7 to 15.7 million tonnes ▪ Tonnes processed - 4.0 to 4.4 million tonnes ▪ Carats recovered – 4.9 to 5.3 million carats ▪ Carats sold – 4.9 to 5.3 million carats 11
Slide 12: Business Update and Priorities
BUSINESS UPDATE AND PRIORITIES Good progress against strategic priorities and continuing work underway across the value chain UPSTREAM MIDSTREAM DOWNSTREAM ▪ Fleet Optimisation ▪ Sales Viewing Location(s) ▪ Third Party Perth Facility ▪ Benchmarking ▪ Rough Diamond Sorting & Technology Review ▪ Roste
Slide 13: Significant Progress on Ekati Mine Life Extensions
SIGNIFICANT PROGRESS ON EKATI MINE LIFE EXTENSIONS ▪ Water licence (primary mining licence) extended for 10 years ▪ Long term plan updated and optimised ▪ Point Lake : ▪ Pit optimization completed ▪ Pre-strip to commence in March 2024 ▪ Sable : ▪ Underground portal location has been determined pendi
Slide 14: Burgundy Diamond Mines is a premier global diamond company
Burgundy Diamond Mines is a premier global diamond company that proudly produces and delivers ethically sourced diamonds from its world-renowned Ekati Diamond Mine in Canada’s Northwest Territories to market. Burgundy’s unique end-to-end business model with total chain of custody provides unquestion
Slide 15: Questions?
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