Slide 1: FY2015 Results Presentation
For personal use only FY2015 Results Presentation Jeff Quartermaine Managing Director & CEO 31 August 2015 ASX/TSX: PRU www.perseusmining.com
Slide 2: Cautionary Statements
Cautionary Statements For personal use only Forward-Looking Statements This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected deve
Slide 3: FY2015 Highlights
FY2015 Highlights For personal use only Debt Improved operating Other factors during Strong FY2015 financial Strong Balance Sheet at performance in FY2015 FY2015 performance 30 June 2015: • Increased gold • A$:US$ exchange • NPAT of A$92.2M or • Net working capital of production to rate decreased 19
Slide 4: FY2015 Operating Performance
FY2015 Operating Performance For personal use only 30,000 $1,400 Record Quarter 25,000 December Half – Aggregate$1,200 production of 100,017oz at weighted average AISC of $988 $1,000 20,000 $800 PRODUCTION AISC 15,000 (OZS) (US$/OZ) $600 10,000 $400 5,000 $200 - $- Load Shedding Production (ozs) AIS
Slide 5: Additional Contributing Factors To Earnings
Additional Contributing Factors To Earnings For personal use only 5
Slide 6: FY 2015 Earnings
FY 2015 Earnings For personal use only All Amounts A$M FY2015 FY2014 • Net profit after tax of A$92.2M or 16.7cps, A$124.2 (388%) more than in FY2014 Revenue 333.5 264.2 • 26% increase in revenue from higher gold Expenses (213.5) (238.4) production, lower AUD:USD –despite a decrease in Foreign excha
Slide 7: Growth in Earnings
Growth in Earnings For personal use only Earnings FY2012- 2015 FY2015 Earnings 100 100 90 80 80 60 70 A$ million 60 A$ Million 40 50 40 20 30 0 20 FY 2012 FY 2013 FY 2014 FY 2015 10 -20 0 -40 Sep-14 Dec-14 Mar-15 Jun 2015 Qtr Profit After Tax Quarter Quarterly PAT Cummulative PAT 7
Slide 8: FY2015 Cash Flow
FY2015 Cash Flow For personal use only All Amounts A$M FY2015 FY2014 • Cash balance of A$103.7M or 19.7cps • A$66.8M (181%) more available cash than in FY2014 Cash at start of Financial Year 36.9 35.5 • Net increase in cash driven by Net cash from operating activities 85.8 19.1 14% increase in gol
Slide 9: Growth in Cash and Bullion Balance
Growth in Cash and Bullion Balance For personal use only $140.0 $120.0 Capital Raise of $100.0 US$32M $80.0 $60.0 $40.0 $20.0 $- Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 9 All values AU$M
Slide 10: Balance Sheet as at June 2015
Balance Sheet as at 30 June 2015 For personal use only All Amounts A$M FY2015 FY2014 • Working capital of A$177.6M and increase of A$108.3m (157%) in FY2015 Current Assets 215.7 122.5 • 181% increase in cash balance, 12% increase in value Non-current Assets 482.1 439.4 of hedge book and 28% decrease
Slide 11: Looking Forward - FY2016 Production & Cost Guidance
Looking Forward - FY2016 Production & Cost Guidance For personal use only Parameter Units December 2015 June 2016 2016 Half Year Half Year Financial Year Gold Production Ounces 90,000-100,000 100,000-110,000 190,000-210,000 All-In Site Costs1 US$/oz 1,150-1,300 1,050-1,150 1,100-1,200 Notes: 1. All-
Slide 12: Looking Forward - Projected Gold Production Growth Profile
Looking Forward - Projected Gold Production Growth Profile For personal use only 74 70 93 Years of 71 GOLD PRODUCTION (KOZS) planned 50 production 208 212 Edikan - Actual growth Sissingue - Forecast 181 312 Edikan - Forecast 138 245 208 275 258 222 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY
Slide 13: Looking Forward - All in Site Costs - Actual & Projected
Looking Forward - All in Site Costs - Actual & Projected For personal use only $1,400 1400 $1,200 1200 All-in site $1,000 1000 costs trending $800 800 down $600 600 $400 400 $200 200 $- 0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Edikan - Actual Edikan - Forecast Sissingu
Slide 14: Operations - Update
For personal use only Operations - Update
Slide 15: Edikan Gold Mine Update
Edikan Gold Mine Update For personal use only Formal EPA approval received to mine Fetish, Chirawewa, Bokitsi (the “Eastern Pits”) and Esuajah North deposit YTD gold production in line with plan, AISC below plan • Mining in AG Pit ceased late August. Mining currently focussed on waste stripping of F
Slide 16: Sissingue Gold Mine
Sissingue Gold Mine For personal use only Signed a Mining Convention with Ivorian Government guaranteeing fiscal stability over life of mine Completed Project Execution Plan – subject to Board approval Started early works programme at a budgeted cost of US$7.5M including engineering, site clearing a
Slide 17: Corporate
Corporate For personal use only Cash and bullion of A$134.4million at 31 July 2015 Hedge book expanded to 149,500ozs at weighted average price of US$1,239/oz as at 27 August 2015 to provide additional downside protection Negotiation of US$60M corporate credit facility and US$20M revolving working ca
Slide 18: Conclusion
Conclusion For personal use only Perseus focussed on matters within its control Foundation established at Edikan to leverage future organic growth in earnings. Productivity improvement programmes at Edikan generating tangible results. Near mine exploration success at Edikan improving asset quality b
Slide 19: Contact
Contact For personal use only ASX/TSX: PRU www.perseusmining.com Jeff Quartermaine Managing Director & CEO +61 8 6144 1700 Nathan Ryan Investor Relations (Australia) +61 420 582 887 19
Slide 20: FY2015 Results Presentation August, 2015
For personal use only FY2015 Results Presentation 31 August, 2015 Jeff Quartermaine Managing Director & CEO ASX/TSX: PRU www.perseusmining.com