Om Holdings Ltd. · ASX:OMH
Om — H1 2021 Earnings Presentation
13 slides from Om's earnings presentation, September 2021
Slide 1: OM Holdings Limited Half Year Results Presentation
1 OM HOLDINGS LIMITED Australia • China • Japan • Malaysia • Singapore • South Africa September 2021 • Half Year Results Presentation • ASX:OMH | Bursa:OMH (5298)
Slide 2: Disclaimer
2 DISCLAIMER This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 (“OMH”). This presentation contains summary information about OMH. The information in this presentation does not purport to be complete or to provide all information that an investor should consider w
Slide 3: A Manganese Ore & Ferroalloy Company
3 A MANGANESE ORE & FERROALLOY COMPANY Vertically integrated manganese ore and ferroalloy company, involved in mining, smelting, and trading Powered by sustainable hydro-power, pursuing growth and natural diversification into new commodities like silicon metal Listed on both the ASX and Bursa Malays
Slide 4: 1H 2021 Financial Highlights
4 1H 2021 FINANCIAL HIGHLIGHTS Revenue Loan Repayment (1) Cashflow from Operations A$450.6m A$17.0m A$23.6m 1H 2020 A$386.5m 1H 2020 A$27.3m 1H 2020 A$52.7m Adj. EBITDA Profit att. to owners Profit per share A$63.4m A$17.4m 2.36 cents 1H 2020 A$53.1m 1H 2020 A$13.5m 1H 2020 1.84 cents (1) Loan Repay
Slide 5: Recorded A$63.4M EBITDA in 1H 2021
5 RECORDED A$63.4M EBITDA IN 1H 2021 Revenue and GP Margin 1H 2021 Revenue and EBITDA Growth • Global recovery with increased demand, 23.4% leading to significant price recovery for $2,000 25% Revenue A$ million 21.2% 18.9% ferroalloys $1,500 14.9% 20% GP Margin 13.8% 12.3% 15% • Solid operations in
Slide 6: Gearing Ratio Lowered, Positive Cash Position Maintained
6 GEARING RATIO LOWERED, POSITIVE CASH POSITION MAINTAINED Continue to focus on paying down debt $800 Total Debt 4 • Repaid A$17 million comprising Sarawak Gearing Ratio $600 3.05 3 project finance loan and other debt in 1H 2021 A$ million $400 1.77 2 • Gearing ratio decreased to 0.79 times 1.14 $20
Slide 7: Operational Performance 1H 2021
7 OPERATIONAL PERFORMANCE 1H 2021 Mn Ore Production Volume (kmt) Mining Segment (Mn Ore) • FY2021: Last mile strategy to accelerate mining and production to 475 – 580 optimize remaining lifetime mining cost 738 570 +29% 415 • Mining will cease in 2021 with final lump ore production in Q4 2021 FY2019
Slide 8: Ferrosilicon Market Review
8 FERROSILICON MARKET REVIEW Strong demand from steel makers supported prices in 1H 2021 1 2 3 2020 28th April 2021 Q3 2021 Regional key steel producing countries cut China increased the export tax for Power cuts across China due to production by 20%-30% YoY from Q2-Q3 FeSi from 20% to 25% to power
Slide 9: Manganese Ore and Alloy Market Review
9 MANGANESE ORE AND ALLOY MARKET REVIEW Strong demand from steel makers and constrained supply supported prices in 1H 2021 1 2 2020 2021 SiMn prices relatively stable but global demand SiMn prices rise significantly higher than cost correlation depressed. Price spread between ore and alloy implied p
Slide 10: Company Snapshot
10 COMPANY SNAPSHOT Balancing debt reduction with sustainable dividends Issued Shares 738.6 million shares Share Price Performance Share 2.00 Share Price A$ 0.795 / RM2.67 ASX (AUD) Metrics 1.50 (as at 30th 52 weeks Low / High A$ 0.29 / A$ 1.06 Aug 2021) 1.00 Market Capitalization A$ 587.2 million 0
Slide 11: Future Plans and Growth
11 FUTURE PLANS AND GROWTH Core fundamentals unchanged, growth plans for both upstream and downstream Bryah Resources 14 FeSi 701 Mile Si Manganese Silicon Element 25 SiMetal Raw Material Expanding Capacity Higher Value Add Development (~Capex A$120 mil) (~Capex A$30 mil) • Explore prospective • Pla
Slide 12: OM Holdings Limited
12 OM HOLDINGS LIMITED AUSTRALIA • CHINA • JAPAN • MALAYSIA • SINGAPORE • SOUTH AFRICA
Slide 13: Financial Highlights
13 FINANCIAL HIGHLIGHTS A$’million 2016 2017 2018 2019 FY2020 1H2021 Revenue 414.2 988.2 1,510.4 1,026.5 784.6 450.6 Gross Profit 60.1 209.6 353.3 152.5 96.3 85.3 GP Margin (%) 14.5 21.2 23.4 14.9 12.3 18.9 Adjusted EBITDA* 35.0 186.1 339.7 154.5 81.4 63.4 Profit/(Loss) Before Tax (8.1) 72.6 236.9 5