Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — FY2017 Earnings Presentation
11 slides from Royal Gold's earnings presentation, Aug 10, 2017
Slide 1: Fiscal 2017 Full Year and Fourth Quarter Results
Fiscal 2017 Full Year and Fourth Quarter Results Royal Gold, Inc. August 10, 2017
Slide 2: Cautionary Statement
Cautionary Statement 2 This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ
Slide 3: Today's Speakers
Today’s Speakers 3 Tony Jensen Stefan Wenger President CFO and and CEO Treasurer NASDAQ: RGLD August 10, 2017
Slide 4: FY 2017 Highlights
FY 2017 Highlights 4 Record revenue Record cash flow from operations Record volume Record dividends Repayment of $95 million of debt >$850 million of liquidity No capital commitments Sequential growth catalysts already bought and paid for: Rainy River (CY 2017) Cortez Crossroads (CY 2018) Peña
Slide 5: FY17 Launched a New Phase of Growth
FY17 Launched a New Phase of Growth 5 Step change in cash flow from Pueblo Viejo was the largest operations, up 56% over prior year; contributor to FY17 revenue increase gold price flat FY17 $266m $2,000 Wassa Cortez Other Revenue Prestea $0.4 $0.4 $441m Peñasquito $2.1 $250 $1,800 Andacollo $3.9 OC
Slide 6: Operating Properties Continue to Perform
39 Operating Properties Continue to Perform 6 ABX reiterated CY17 gold production guidance of 625-650koz1 Higher throughput and higher gold recovery in CQ2 New bio-leach and flotation opportunities being tested Pueblo Viejo GSR reiterated CY17 gold production guidance of 255-280koz2 Preste
Slide 7: FQ4 Financial Results and FY18 Outlook
FQ4 Financial Results and FY18 Outlook 7 FQ4 Revenue of $109M Effective tax rate of 31% for FQ4 and 22% for FY17 Q4 increase due to stronger $CAD which impacted valuation of Canadian deferred tax liabilities vs $USD FY18 effective tax rate forecast range is 20% - 25% FY17 DD&A of ~$455 per GEO
Slide 8: Upcoming Catalysts
Upcoming Catalysts 8 Sequential growth catalyst in each of calendar 2017, 2018, and 2019 New Gold: First production expected September 20171 Stream on 6.5% of gold and 60% of silver1 3.9Moz gold in reserves; 10Moz silver in reserves1,2 Rainy River - 2017 Pueblo Viejo – Potential Resource Conve
Slide 9: Closing Remarks
Closing Remarks 9 Record revenue Record cash flow from operations Record volume Record dividends Repayment of $95 million of debt >$850 million of liquidity No capital commitments Sequential growth catalysts already bought and paid for: Rainy River (CY 2017) Cortez Crossroads (CY 2018) Peñasqu
Slide 10: 1660 Wynkoop Street, Denver, CO
1660 Wynkoop Street, #1000 Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com
Slide 11: Portfolio of Assets
Portfolio of Assets 11 Diverse, Long Lived Properties Streams (at June 30, 2017) Reserve CY2017 RGLD RGLD RGLD pays RGLD pays Remaining Operator Operator Mine Metal RGLD interest until until until until until interest interest (per unit) (per ounce) Mine Life Guidance (Years) (oz/lbs)2 Mount LOM (li