Develop Global Limited · ASX:DVP
Develop Global — Investor Presentation (December 2021)
17 slides from Develop Global's investor presentation, December 2021
Slide 1: Investor Presentation December 2021
ASX: DVP INVESTOR PRESENTATION 2021 DECEMBER 2021
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER Cautionary Statement The information contained in this document (“Presentation”) has been prepared by DEVELOP Global Limited (“Company”). This Presentation is being used as a presenter’s aid with summarised information. See DEVELOP’s other and periodic disclosure
Slide 3: Develop will utilise the power of people to produce clean metals
DEVELOP WILL UTILISE THE POWER OF PEOPLE TO PRODUCE CLEAN METALS AND HELP DECARBONISE THE WORLD.
Slide 4: People Power Change: The Develop Model
THE DEVELOP MODEL PEOPLE ENTREPENURIAL LEADERSHIP POWER CHANGE WORLD CLASS UNDERGROUND DNA QUALITY PROJECTS FUNDING CAPABILITY
Slide 5: Entrepreneurial Leadership
ENTREPRENEURIAL LEADERSHIP RECENT HISTORY OF BEST-IN-CLASS VALUE CREATION Bill Shirley Mick McMullen Shirley Michael Michelle Beament In’t Veld Non-Executive In’t Veld Blakiston Woolhouse Bill was the founder and Executive Mick substantially changed the view Non-Executive Non-Executive Non-Executive
Slide 6: World Class Underground DNA
OUR FLAGSHIP ASSET WORLD CLASS UNDERGROUND DNA The mines of the future will be underground DEVELOP will provide the industry with turnkey solutions which deliver world-class underground capability to help others deliver on their promises This arm of DEVELOP’s business will look at building undergrou
Slide 7: World Class Underground DNA: three key opportunities
OUR FLAGSHIP ASSET WORLD CLASS UNDERGROUND DNA Building this underground capability creates three key opportunities for DEVELOP: 01 02 03 Maximises Provides Help others performance scope to deliver on their of our own partner and decarbonisation assets joint venture promises and with others diversif
Slide 8: Underground Services Division is established
OUR FLAGSHIP ASSET – WORLD CLASS UNDERGROUND DNA DEVELOP’s Underground Services Division is established This division will specialise in providing a range of underground mining services to cater for both DEVELOP’S own requirements such as at Sulphur Springs and to service other projects on a contrac
Slide 9: Sulphur Springs: A Quality Project for the Energy Revolution
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS Sulphur Springs has the key elements needed for the world’s decarbonisation: copper, zinc and silver • Located in world-class Pilbara district of WA • Significant expenditure of ~A$55 million on acquisition, drilling and evaluation studies
Slide 10: Sulphur Springs DFS October 2018
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS Sulphur Springs DFS October 2018 • DFS in 2018 assumed Cu and Zn prices now ~60% and ~30% higher respectively Project Revenue A$2,625 million Free Cash-Flow (pre-tax real) A$818 million Pre-Production Capital A$169 million Pre-Tax NPV8% A$4
Slide 11: Sulphur Springs Project Update
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS Project update • $10M drilling program to de-risk and grow the project has been completed • Drilling was aimed to upgrade the majority of the Inferred Resource. New estimate is due by the middle of CY22 • This will enable DEVELOP to advance
Slide 12: Sulphur Springs Project Update: drill program
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS Project update • Major project status update due in two weeks, when first batch of assays will be received • This update will include the assay results from ~25% of the resource and exploration holes drilled in the campaign • Assay turnarou
Slide 13: Funding Capability
FUNDING CAPABILITY DEVELOP’S TEAM HAS EXTENSIVE EXPERIENCE IN EQUITY/DEBT MARKETS AND IN MERGERS AND ACQUISITIONS Equity Finance Debt Finance Global Merger & Shareholder Activities Activities Acquisiton Transactions Value Creation $2BN $1.75BN 14 $15BN+ Equity Raised from Debt finance Transactions >
Slide 14: The Opportunity
THE OPPORTUNITY RECENT HISTORY OF SHAREHOLDER VALUE CREATION The success of these companies over the past 5 years highlights the enormous opportunity for DEVELOP Total Shareholder Returns for the 361% A$8.6bn 266% A$8.8bn past 5 years (include dividends) TSR TSR A$2.5bn A$2.5bn 296% 2016 2021 2016 2
Slide 15: Producing Potential
V LOr PRODUCING POTENTIAL DEVELOP.COM.AU
Slide 16: Company Overview
COMPANY OVERVIEW ASX STOCK CODE SHARE PRICE MARKET CAPITALISATION CASH DVP $0.58 $400M $20M 700.5m shares on issue No Debt A 5 for 1 share consolidation is underway SUBSTANTIAL SHAREHOLDER SUBSTANTIAL SHAREHOLDER BILL BEAMENT 16% MINERAL RESOURCES 15.5%
Slide 17: Mineral Resources Table
MINERAL RESOURCES TABLE MINERAL RESOURCES Tonnes Location JORC Classification Cu % Zn % Pb % Ag g/t ('000t) Measured - - - - - Indicated 9,400 1.5 3.8 0.2 17.0 Sulphur Springs Inferred 4,400 1.4 3.7 0.2 18.0 Sub-total 13,800 1.5 3.8 0.2 17.0 Measured - - - - - Indicated 2,300 0.9 5.7 0.3 13.6 Kangar
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