Slide 1: For personal use only
For personal use only
Slide 2: December 2017 Interim Financial Statements
December 2017 Interim Financial Statements David Brown Chief Executive Officer Brenda Berlin Chief Financial Officer (appointed 1 March 2018) 15 March 2018 Ou
Slide 3: Disclaimer
Disclaimer ‘THESE PRESENTATION MATERIALS (THE "PRESENTATION MATERIALS") ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES, AND NEITHER THE PRESENTATION MATERIALS NORANYTHING CONTAINED THEREIN NOR THE FACT OF THEIR DISTRIBUTION
Slide 4: Disclaimer cont.
Disclaimer cont. ‘The Presentation Materials are being issued on a strictly private and confidential basis and solely to and directed at, in the case of recipientsin South Africa, persons who are sophisticated investors who fall within the ambit of section 96(1)(a) of the South African Companies Act
Slide 5: For personal use only
For personal use only Introduction & Strategy David Brown Operational & Project Review David Brown Financial Review Brenda Berlin Outlook & Conclusion David Brown 5
Slide 6: Introduction & Strategy
Introduction & Strategy: David Brown Uitkomst Colliery in Kwazulu Natal, acquired 30 June 2017
Slide 7: MC Mining's operation and projects' locations
MC Mining’s operation and projects’ locations #YV 2 (4) <4 o e $ Polokwane RY Q = Bethal Maputo Johannesburg Ermelo Matola @ Uitkomst Colliery SWAZILAND © Makhado Project* © Vele Colliery éA oO © Greater Soutpansberg Project* - SOUTH “oe Coal exploration project LESOTHO AFRICA ™ LEGEND & MC Mining a
Slide 8: MC Mining's project pipeline
MC Mining’s project pipeline Vision to responsibly produce in excess of 2.0 million tonnes per annum of saleable product by 2020* MEDIUM & LONG- TERM UITKOMST MAKHADO | 2%> CASH VELE GSP PROJECT | GENERATOR ff COLLIERY *Excluding a 2"¢ cash generator a MCMining Lito : 8
Slide 9: For personal use only
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Slide 11: Operational & Project Review
Operational & Project Review: David Brown Uitkomst Colliery south adit and conveyor to the processing plant MCM Lim iTeD
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Slide 13: Uitkomst: cash generative, producing asset cont.
Uitkomst: cash generative, producing asset cont. September 2017 December 2017 H1 FY2018 quarter quarter Production tonnages Uitkomst ROM 125 108 140 501 265 609 Purchased ROM to blend 45 313 35 414 80 727 170 421 175 915 346 336 Sales tonnages Own ROM 80 677 94 271 174 948 Slurry used for blending 3
Slide 14: Makhado: 'greenfields' evaluation asset
Makhado: ‘greenfields’ evaluation asset ° Makhado Project right-sized to reduce execution risk and align production with current market options — Makhado ‘Lite’ evaluation project approved by the MC Mining Board in September 2017 to move forward with the next stages of the project * Lower operationa
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For personal use only 18
Slide 19: MC Mining's substantial Resources and Reserves
MC Mining’s substantial Resources and Reserves Abridged summary of JORC compliant resource JORC-compliant resources JORC compliant reserves & reserve statement — 31 December 2017 (measured, indicated and inferred)!.2 (proven & probable)? Gross tonnes Total tonnes linet oar ar tonnes Reserves in situ
Slide 20: Financial Review
Financial Review: Brenda Berlin Historic coal production at the ot Ts , Vele Colliery Lim itep> ———_____ 20
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Slide 23: Non-cash movements
Non-cash movements H1 FY2017 USS’000 Loss before tax per the income statement (93,129) (12,956) Profit/ (loss) from discontinued operations 2,660 (159) Group loss for the six months (90,469) (13,115) Add back non-cash items (continuing and discontinued operations): - Depreciation & amortisation 849
Slide 24: Cash flow analysis — H1 FY2018
Cash flow analysis — H1 FY2018 ($’000) 10000 8.000 6000 4.000 2000 Opening cash belance Net cash burn in Net interest & tax PPE & Exploration Proceeds on sole of, Other operations: Mooiplaats: Short and medium-term liquidity at the end of H1 FY2018 Cash at end of December 2017 Net current assets (ex
Slide 25: Outlook & Conclusion
Outlook & Conclusion: David Brown caceenige fee _ ————— § = = —— : Blast drilling at the Vele Colliery MCM um irep ——____ 25
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• For personal use only • FY 2018 • • FY 2019 • • FY 2020 • 27
Slide 28: MC Mining moving forward
MC Mining moving forward A major coal resource in South Africa - 8.9 billion gross tonnes in situ with an extended LOM - over 100 years Well positioned for future provincial growth opportunities — establishment of the SEZ in close proximity to MC Mining’s significant resources in the Limpopo Provinc
Slide 29: MC Mining moving forward cont.
MC Mining moving forward cont. Overall strategy Drive to self-sufficiency during CY2018 to be achieved through the acquisition of a second cash generator and/ or a financed Makhado Project Ou 29