Kingsgate Consolidated Limited · ASX:KCN
Kingsgate Consolidated — H1 FY2012 Earnings Presentation
19 slides from Kingsgate Consolidated's earnings presentation, Feb 22, 2012
Slide 1: Half Year to 31 December 2011 Financial Results
Kingsgate Consolidated Limited For personal use only Half Year to 31 December 2011 Financial Results 22 February 2012
Slide 2: Disclaimer
For personal use only Disclaimer Forward Looking Statements: These materials include forward looking statements. Forward looking statements inherently involve subjective judgment & analysis & are subject to significant uncertainties, risks & contingencies, many of which are outside of the control of
Slide 3: Financial Highlights
For personal use only Financial Highlights • Net profit before tax up 269% to $39M • Net profit after tax up 192% to $34M • EBITDA of $70m an increase of 129% • Interim dividend of 10 cps (unfranked) • Gold sales volume up 90% to 82,940oz reflecting the addition of Challenger • Ave gold price receiv
Slide 4: Operating Highlights
For personal use only Operating Highlights • Group Gold Production 86,311oz up 99% (Chatree 40,463oz, Challenger 45,848oz) • Group Total Cash Costs, US$687/oz (inc royalties) Chatree US$605/oz Challenger US$759/oz • Chatree North expansion construction completed ~12% under budget • Purchased Bowdens
Slide 5: Strong Half Year Result
For personal use only Strong Half Year Result Total revenue: A$149 million Profit EBITDA: A$70 million (pre significant items) Net profit after tax $34 million Margin Operating margin US$1,000/oz A$38M cash and bullion on hand US$100M Thai baht facility for expansion Finance A$42M drawn on corporate
Slide 6: Income Statement
Income Statement A$ Million : Dec 11 HY Dec 10 HY Change % For personal use only Income Statement Total Revenue 148.7 66.2 +124 Direct Costs (67.3) (36.8) +83 Employee Benefits (11.8) (6.8) +74 D&A (27.2) (5.4) +403 Finance Costs (4.1) (0.6) +583 Forex Loss 0 (9.3) (100) Inventory 7.8 13.1 (40) Othe
Slide 7: Chatree Operations
For personal use only Chatree Operations Gold production 40,463oz . Solid Operational Low grade areas as access restricted Performance to higher grade C North. Heaviest rainfall in 50 years. Chatree cash costs US$457/oz Total Cash Costs Thai royalty US$148/oz US$605/oz Cash Costs reflect low grade o
Slide 8: Chatree North Expansion
Chatree North Expansion Completed on time and 12% under budget For personal use only Chatree plant (day/night) photo from Poster
Slide 9: Challenger Operations
For personal use only Challenger Operations Strong Production Gold production 45,848oz Strong Dec qtr of 27,285oz Performance Good indicator of future potential Challenger cash costs US$696/oz Total Cash Costs Royalty US$63/oz US$759/oz Cash costs improving 137% gold reconciliation to reserves Recon
Slide 10: Challenger Exploration Drilling
Challenger Exploration Drilling Good results from CW, SEZ and Aminus structures For personal use only
Slide 11: Nueva Esperanza
For personal use only Nueva Esperanza Strong drilling results from Teterita expected to upgrade project. Resource Drilling Assays include 40m @ 868g/t Ag, incl. 15m @ 2,248g/t Ag. Feasibility study currently Arqueros. Teterita and Chimberos to be added. Feasibility Study Technical feasibility comple
Slide 12: Nueva Esperanza: Drilling at Teterita
Nueva Esperanza Drilling at Teterita For personal use only
Slide 13: Nueva Esperanza: Highly prospective regional exploration
Nueva Esperanza Highly prospective regional exploration For personal use only
Slide 14: Bowdens Silver Project
For personal use only Bowdens Silver Project Resource definition, geotech and Drill Program metallurgical drilling now underway. Feasibility study commenced. Feasibility Study Environmental baseline studies started. Data collected will add to previous work. Detailed surface geological mapping Geolog
Slide 15: Bowdens Upside Potential
Bowdens Upside Potential 1 kilometre For personal use only Significant resource potential along strike 10,750mN and at depth Drilling started in Feb 2012 Pit shell reflects the current base of drilling A B 10,500mN High grade starter pit 10,250mN A B 10,000mN 9,750mN 14,750mE 15,000mE 15,250
Slide 16: Kingsgate Growing in the Pacific Rim
Kingsgate Growing in the Pacific Rim Geographic and operational diversity For personal use only Chatree Nueva Esperanza Challenger Bowdens
Slide 17: Outlook for FY 2012
For personal use only Outlook for FY 2012 Group production 210,000oz - 230,000oz Stronger • Chatree 115,000oz - 125,000oz Second Half • Challenger 95,000oz - 105,000 oz Chatree high grade (June qtr) & ~6Mtpa Teterita resource upgrade – end Mar qtr. Nueva Esperanza Revised mine plan with all 3 deposi
Slide 18: Kingsgate Consolidated Limited
For personal use only Kingsgate Consolidated Limited Shares: 141 Million Market Cap: ~A$1.1Bn ASX: KCN www.kingsgate.com.au
Slide 19: General Disclaimer
For personal use only Kingsgate Consolidated Limited General Disclaimer: The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue securities or other financial products. The information contained in this presenta
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