Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Macquarie WA Forum 2024
18 slides from Jupiter Mines's conference presentation, Nov 7, 2024
Slide 1: Company Overview & Update
Company Overview & Update 7 November 2024 Macquarie WA Forum, Perth
Slide 2: Disclaimer
Disclaimer This presentation is provided for information "likely", "intend", "should", "could", "may", "predict", purposes only. The information in this presentation is "plan", "propose", "will", "believe", forecast", in a summary form, does not propose to be complete "estimate", "target" and other
Slide 3: Company Overview
Company Overview 3
Slide 4: Jupiter is the largest pure play listed manganese miner in the world
Jupiter is the largest pure play listed manganese miner in the world, with 49.9% ownership of Tshipi, a Tier 1 manganese mine. Share Price 1 Market Cap Board of Directors A$0.17 A$333m Scott Winter Sally Langer Ian Murray NED NED Chairman NPAT Cash in Hand ex Gold Road MD ex Perenti also NED of Surf
Slide 5: Tshipi is one of the world's best manganese mines
Tshipi is one of the world’s best manganese mines… 1 Tshipi Sales (Mt, LHS) and Costs (US$/dmtu, RHS) and Mn Price (US/$dmtu, FOB, RHS) 3 …outstanding ESG performance….. 4.0 $7.00 Sales, 3.5 100% Key ESG KPI Performance, last 4 years (out of 100%) Material 3.5 $6.00 80% Production and 3.0 Mn Price (
Slide 6: Located in the Kalahari Manganese Field, holding 73% of world manganese reserves
…located in the Kalahari Manganese Field, which holds 73% of the world’s manganese reserves. Khwara Mn 48 Wessels Nchwaning Gloria Kudumane Kalagadi Sebilo Mokala United Mn of Kalahari (UMK) Mamatwan Tshipi Jupiter Mines | Company Overview 6
Slide 7: Jupiter has an established dividend payment track record
Jupiter has an established dividend payment track record. Jupiter Dividends Since IPO vs Current Share Price JMS Share Price (Current) and DPS (A$) $0.250 Dividends per Share (Cumulative since IPO), $0.203 $0.200 Current Share Price, $0.170 $0.150 $0.100 1. Jupiter has a dividend yield of 12% since
Slide 8: Share price is correlated with the manganese price
Jupiter’s share price is correlated with the manganese price, which provides investment opportunity through the cycle. Jupiter Share Price since 2018 (Blue Line, LHS) vs Manganese Price (Gold Line, RHS) $0.45 $8.00 Mn Price - FOB PE US$/dmtu JMS Share Priice (A$/share) $0.40 $7.00 • The Jupiter shar
Slide 9: Largest pure play listed manganese miner with dividends and growth
Jupiter is the largest pure play listed manganese miner in the world, with a dividend track record, exposure to manganese price upside and a compelling strategy to grow. Commitment to dividend 1 policy… 2 + Growth Upside… 3 + Manganese Price Upside. JMS Five Year Growth Target: Mn Ore Production (Eq
Slide 10: Market and Strategy Update
Market and Strategy Update 10
Slide 11: Chinese demand concerns have dominated the manganese market, with signs of stabilisation
Chinese demand concerns have dominated the manganese market in the last 4 months, but there are signs of stabilisation. 1 A material GEMCO produces 12% of the world’s manganese (source: CRU) 2 …although, China Rebar weekly output (source: MySteel) supply #2 Mine since July and disruption is by Mn Au
Slide 12: Chinese steel output is in line with trend; global growth expected in 2025
Downstream, (Chinese) steel output is in line with trend, with expectations of global steel output growth in 2025 (after contracting this year). Finshed Steel Long Products Production (Mt) China (Line) and World (Columns) (Q1 2023 - Q2 2024 (Actuals) & Q3 2024 - Q4 2025 (Forecast) 300 World Long Ste
Slide 13: Long term manganese market outlook is constructive for growth
Long term, the manganese market outlook is constructive for growth, with demand growth and supply contraction expected. 1 New manganese ore supply will be needed, due to expected mine closures and grade run off… 2 …and continuing growth from steel and new demand from EV batteries. Manganese Demand v
Slide 14: South Africa has the clearest opportunity to take more market share
Already the leading supplier, South Africa has the clearest opportunity to take more market share… Manganese Ore Market Share (% of Global Production, Reserves) 80% 73% Reserves 70% Reserves 60% Clear leaders in the share of Production 50% manganese production share, South Africa also dominates shar
Slide 15: Significant remaining mine lives at major KMF mines, including Tshipi
…due to the significant remaining mine lives enjoyed by some major operating KMF mines, including Tshipi. Mine Production Mine Life Distance from Ownership (order: South to North) (Mt, 2022) (years to go) Tshipi Tshipi 3.3 121 0 km Jupiter Mines, NH, OMH 1. Significant production: the nine mines sho
Slide 16: Five Year Strategy
Jupiter has a strategy to sustainably grow, focused on a planned increase in manganese production, ongoing operating efficiency and (potentially) entering the battery manganese market. FIVE YEAR STRATEGY FY2023 – FY2028 FITTEST IN THE FIELD INDUSTRY LEADER SUSTAINABLY UPCYCLE (Efficiency) (Growth) E
Slide 17: Work on all elements of the strategy is underway
Work on all elements of the strategy is underway. A detailed strategy update will be provided this quarter. 1 2 3 4 FITTEST IN THE FIELD INDUSTRY LEADER SUSTAINABLY UPCYCLE (Efficiency) (Growth) EMPOWERED (EV Batteries) (ESG) • Work on all initiatives is • Planning work for optimising • Jupiter’s in
Slide 18: For more information contact
For more information contact: Investor Relations @ Jupiter investorrelations@jupitermines.com 18