Aurelia Metals Limited · ASX:AMI
Aurelia Metals — H1 FY22 Earnings Presentation
24 slides from Aurelia Metals's earnings presentation, Feb 24, 2022
Slide 1: Half Year FY22 Financial Results
HALF YEAR FY22 FINANCIAL RESULTS 24 February 2022 ASX Code: AMI
Slide 2: Forward Looking Statements
2 FORWARD LOOKING STATEMENTS RESULTS HY FY22 FINANCIAL This presentation has been prepared by Aurelia Metals Limited (“AMI” or the By its very nature, production and exploration for gold and base metals is a high “Company”). It should not be considered as an offer or invitation to subscribe for risk
Slide 3: Aurelia Snapshot
3 AURELIA SNAPSHOT RESULTS HY FY22 FINANCIAL Our vision is to be a mining business recognised for creating ASX: AMI exceptional value through our people and a portfolio of gold and base metals assets. Share price (23 Feb 2022) A$0.445 We value Integrity, Certainty, Courage and Shares on issue 1,237
Slide 4: Half Year FY22 Highlights
4 HALF YEAR FY22 HIGHLIGHTS RESULTS HY FY22 FINANCIAL Integrity I Certainty I Courage I Performance • 51% reduction in workplace injuries (7.6 TRIFR at 31 Dec 21) • Successful ramp up and optimisation of the Dargues Gold Mine following its acquisition in December 2020 Driving • Group gold production
Slide 5: Driving Performance
5 DRIVING PERFORMANCE Through a sustainable progression and optimisation of our assets
Slide 6: Sustainability Pillars
6 SUSTAINABLE FOUNDATION Driven by our Vision and Values and underpinning durability 75% D&I 90% Leadership and accountability SUSTAINABILITY GOVERNANCE Response rate to Strategy Employees trained in Sustainability inaugural employee progressing ‘The Aurelia Way’ approach engagement survey Code of C
Slide 7: Group Operational Summary
7 GROUP OPERATIONAL SUMMARY Key metric Units H1 FY22 H1 FY21 % chg Production volume Gold oz 54,211 45,868 18% Silver - contained metal oz 426,334 411,174 4% Copper - contained metal t 1,286 3,081 (58)% Lead - contained metal t 13,964 13,919 0% Zinc - contained metal t 17,376 12,916 35% Average pric
Slide 8: FY22 Operating Guidance
8 FY22 OPERATING GUIDANCE Quarter performance and outlook DecQ Revised Group output Metric H1 result Prior FY22e result outlook Gold koz 26.9 54.2 112 – 123 Lower end Lead kt 6.6 14.0 24.5 – 27.0 Upper end Zinc kt 8.3 17.4 31.0 – 34.5 Upper end Copper kt 0.7 1.3 3.5 – 4.0 Unchanged ASIC (A$/oz) 1,39
Slide 9: Generating Cash
9 GENERATING CASH A foundation for growth, driving returns
Slide 10: Continued Financial Performance
10 CONTINUED FINANCIAL PERFORMANCE HY FY22 Financial Results Key metric Units H1 FY22 H1 FY21 % chg Revenue A$M 235.1 207.7 13% EBITDA – statutory A$M 79.5 72.3 10% EBITDA – underlying A$M 84.1 91.5 (8%) EBITDA Margin – underlying % 36% 44% (19%) Net Profit After Tax – statutory A$M 7.5 19.8 (62%) N
Slide 11: Revenue Drivers
11 REVENUE DRIVERS Revenue YoY Waterfall Analysis (A$M) RESULTS HY FY22 FINANCIAL Strong base metal production driving revenue • Total sales revenue was A$27.4 million higher due to increased lead and zinc revenue from Peak and Hera • Total gold sales revenue remained steady with the prior half-year
Slide 12: Net Profit and EBITDA
12 NET PROFIT AND EBITDA RESULTS HY FY22 FINANCIAL • Underlying EBITDA result of A$84.1 million (HY21: A$91.5 million); margin of 36% (HY21: 44%) Group Underlying Net Profit After Tax (A$M) • Key one-off items excluded from Underlying EBITDA include remeasurement of financial liabilities related to
Slide 13: Cash Flow
13 CASH FLOW RESULTS HY FY22 FINANCIAL Maximising cash generation to invest in growth YoY Cashflow Waterfall • Operating mine cash flow improved by 2% to A$96.7 million (HY21: A$95.0 million) • Sustaining capital increased to A$34.8 million (HY21: A$13.9 million) reflecting the movement of Kairos de
Slide 14: Growth Moving to Execution
14 GROWTH MOVING TO EXECUTION On the platform of transformation
Slide 15: Federation Is Firing
15 FEDERATION IS FIRING RESULTS HY FY22 FINANCIAL Tier one, brownfields project on the way • Feasibility Study (FS) on track for completion mid-CY22 • Permitting and approval processes on track • Expansion of Hera Camp completed, and site enabling works expected to commence Q3 FY22 with civil and ex
Slide 16: Planning for Execution at Great Cobar
16 PLANNING FOR EXECUTION AT GREAT COBAR RESULTS HY FY22 FINANCIAL Near-term copper mine with significant upside potential • Pre-Feasibility Study completed and includes: ✓ New satellite underground mine using Peak Mine infrastructure ✓ Initial mining and processing expected to take place over an ap
Slide 17: Half Year FY22 Highlights
17 HALF YEAR FY22 HIGHLIGHTS RESULTS HY FY22 FINANCIAL Integrity I Certainty I Courage I Performance Driving performance Generating cash 24 February 2022 Growth moving to execution DECEMBER 2021
Slide 18: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au
Slide 19: Appendix
APPENDIX H1 FY22 RESULTS AND OUTLOOK
Slide 20: HY22 Financial Performance
20 HY22 FINANCIAL PERFORMANCE 31-Dec-21 31-Dec-20 Change Net Profit $000 $000 % Net profit after income tax expense 7,503 19,767 (62)% Net profit before income tax expense 13,788 41,436 (67)% Add back: Business combinations – Dargues Gold Mine acquisition costs and stamp duty 115 19,182 99% Remeasur
Slide 21: Our Strategy
21 OUR STRATEGY Simple, durable and returns focussed 1 Sustainable progression An organisation that excels through our people and superior performance A trusted, sustainable and beneficial presence in the areas in which we operate 2 Sweat our infrastructure and assets Leverage off a strategic asset
Slide 22: Peak Mines
22 PEAK MINES Ongoing Kairos ramp-up and Great Cobar development Pb/Zn First Kairos plant stoped ore Kairos discovered upgrade completed Great MROR Cobar (GC) update Peak Mine maiden Ore acquired Reserve CY2018 2019 2020 2021 2022 2023 2024 2025 FY19 GREAT COBAR SCHEDULE 1H CY21 2H CY21 1H CY22 2H C
Slide 23: Hera Federation Complex
23 HERA FEDERATION COMPLEX Organic growth at its best with flexible, early processing options Federation Resource Federation Maiden update discovered Federation Federation Federation Resource Resource Federation maiden Ore North Pod mine update Scoping Reserve development Study CY2018 2019 2020 2021
Slide 24: Dargues Mines
24 DARGUES MINES Output expansion and life extension opportunities New MROR Phase 2 drilling estimates Dargues Mine acquired Phase 1 MROR drilling Nameplate update mine Integration throughput achieved achieved CY2018 2019 2020 2021 2022 2023 2024 2025 FY19 POTENTIAL EXPANSION SCHEDULE 1H CY21 2H CY2