Mineral Resources Limited · ASX:MIN
Mineral Resources — Bank of America Global Metals, Mining & Steel Conference 2021
20 slides from Mineral Resources's conference presentation, May 18, 2021
Slide 1: Bank of America Global Metals, Mining & Steel Conference 2021
For personal use only BANK OF AMERICA GLOBAL METALS, MINING & STEEL CONFERENCE 2021 18-20 MAY 2021 ASXMIN MINERAL RESOURCES BANK OF AMERICA CONFERENCE 2021 | 1
Slide 2: Contents
For personal use only CONTENTS INTRODUCTION TO MINERAL RESOURCES 03 SUSTAINABILITY 06 FINANCIAL SUMMARY 09 FUTURE DIRECTION 10 KEY TAKE-AWAYS 16 MINERAL MINERAL RESOURCES RESOURCES BANK BANK OF OF AMERICA AMERICA CONFERENCE 2021 | 2
Slide 3: Introduction to Mineral Resources
INTRODUCTION TO MINERAL RESOURCES For personal use only World’s largest crushing contractor Leading pit-to-port mining services provider World’s top 5 lithium miner with joint ownership of the largest hard rock lithium deposit Australia’s 5th largest iron ore producer Major holder of highly prospect
Slide 4: Our Track Record
OUR TRACK RECORD For personal use only 1992 2006 2021 COMPANY FOUNDED ASX LISTING ASX 100 ~450 EMPLOYEES +4400 EMPLOYEES $110m MARKET CAP $8.5bn MARKET CAP Wonmunna Next MARBL Gen 2 Wodgina JV Yilgarn Lithium Iron Ore Nammuldi Mt Marion Next Christmas Lithium Gen 1 Christmas Creek 2 Iron Valley Wind
Slide 5: Our Business Core Pillars
OUR BUSINESS 4 CORE PILLARS For personal use only MINING SERVICES COMMODITIES INNOVATION ENERGY • Construction Iron Ore Proprietary • Transitioning to lower cost • Mining • Yilgarn Hub greener energy sources • Transhippers • Utah Point Hub • Crushing • 350 tonne road trains • Largest acreage holder
Slide 6: Safety of Our People
SAFETY SAFETY OFOUR SAFETYOF OF OURPEOPLE OUR PEOPLE PEOPLE For personal use only Injury Frequency Rates 14.52 per million hours worked Injury Frequency Rates Per million hours worked 1.40 2.75 2.75 TRIFR1 2.75 TRIFR1 TRIFR LTI1 0.00 0.00 14.00 14.52 1.40 14.00 TRIFR T RIFR LTIFR 1.20 1.20 0.00 LTI1
Slide 7: Our People Wellbeing
OUR PEOPLE WELLBEING For personal use only OUR AIM IS TO SEND PEOPLE HOME BETTER THAN WHEN THEY CAME TO WORK • Physically safe • Mentally well • Nutritionally healthy MENTAL HEALTH FOCUS • Health and Wellbeing Advisors on site • Full time Psychologist on staff IMPROVING WORK ENVIRONMENTS THROUGH • N
Slide 8: Sustainability Performance
NCE SUSTAINABILITY PERFORMANCE GREENHOUSE GAS (GHG) EMISSIONS1 For personal use only GREENHOUSE GAS (GHG) EMISSIONS 250 3.2 3.5 OUR RELATIONSHIPS WITH 200 2.4 3.0 2.5 COMMUNITIES AND KEY 2.3 STAKEHOLDERS FORM PART Emissions Intensity CO2 Equivalent (kt) (t CO2 per kTMM) 150 2.0 100 1.5 OF OUR LICENS
Slide 9: Value Creation Outcomes
VALUE CREATION OUTCOMES For personal use only Return on Invested Capital After Tax Cumulative Free Cash Flow Cumulative Returns to Shareholders Share Price Performance Since Listing ($M)1,2 Growth in Dividends Total Shareholder Returns ($’000) 10 years to 31 March 2021 60% $1,000 $5,000 $700 50% $80
Slide 10: Growth Strategy Overview Next Years
GROWTH STRATEGY OVERVIEW NEXT 5 YEARS For personal use only MINING SERVICES Significant growth – more than double IRON ORE Increase from 20 to 90Mtpa LITHIUM Convert all spodumene to hydroxide ENERGY Pursue natural gas exploration and development INNOVATION Monetise opportunities MINERAL RESOURCES B
Slide 11: Mining Services
MINING SERVICES For personal use only Mining Services Production-Related Contract Volumes(1) FY15 TO FY21 NEXT 5 YEARS • Mining services contracts linked to activity CAGR 20%2 • Grow crushing contracts with external mining companies • Volume - Growth 20%pa • Build, own and operate stranded iron ore
Slide 12: Innovation
INNOVATION For personal use only NEXT GEN PLANT ROAD TRAINS TRANSHIPPERS CARBON FIBRE SCREENS • MRL design and IP • MRL design • MRL design • MRL design and IP • 5Mtpa modules • Operating in Yilgarn • Articulated tug and barge • Reduced weight • Rapid deployment • Capacity of 300 tonne each • Fully
Slide 13: Iron Ore Ashburton Hub
IRON ORE ASHBURTON HUB For personal use only MINERAL RESOURCES BANK OF AMERICA CONFERENCE 2021 | 13
Slide 14: Iron Ore South West Creek Hub
IRON ORE SOUTH WEST CREEK HUB For personal use only MINERAL RESOURCES BANK OF AMERICA CONFERENCE 2021 | 14
Slide 15: Commodities Lithium
COMMODITIES LITHIUM For personal use only Mt Marion • JV with Ganfeng • 20+ year mine life • 4th largest hard rock lithium mine in the world • 475ktpa spodumene concentrate plant MARBL • JV with Albemarle • Wodgina • Largest hard rock lithium mine in the world • 3 x 250ktpa spodumene concentrate pla
Slide 16: Key Take-Aways
KEY TAKE-AWAYS For personal use only • A 30 year track record of success • Strong financial position • Proven capability • Dynamic and innovative • Growing production and value • Executing high quality, high return projects MINERAL RESOURCES BANK OF AMERICA CONFERENCE 2021 | 16
Slide 17: MRL's Consistently Strong Performance Has Delivered Shareholder Returns
MRL’S For personal use only CONSISTANTLY STRONG PERFORMANCE HAS DELIVERED A SOLID TRACK RECORD OF SHAREHOLDER RETURNS MINERAL RESOURCES BANK OF AMERICA CONFERENCE 2021 | 17
Slide 18: Glossary
GLOSSARY For personal use only 1H, 2H, FY First half, second half, full year K Thousand $ Australian dollar M Million Net debt / (cash) Gross debt less cash and cash equivalents US$ United States dollar NPAT Net profit after tax CAGR Compound annual growth rate PBT Profit before tax CFR Cost and fre
Slide 19: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by Mineral Resources Limited (“MRL” or “the Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect
Slide 20: Investor Relations
For personal use only INVESTOR RELATIONS James Bruce Head of Investor Relations T: +61 8 9329 3706 E: james.bruce@mrl.com.au OFFICE: 1 Sleat Road, Applecross, WA 6153 POSTAL: PO Locked Bag 3, Canning Bridge LPO, Applecross, WA 6153 P +61 8 9329 3600 F +61 8 9329 3601 www.mrl.com.au ASXMIN MINERAL RE
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