Slide 1: Introduction to Nyrstar
Introduction to Nyrstar Heinz Eigner, Chief Financial Officer 15 May 2012
Slide 2: Important Notice
Important Notice - This presentation has been prepared by the management of Nyrstar NV (the "Company"). It does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any
Slide 3: Nyrstar's expanding global multi-metals footprint
Nyrstar’s expanding global multi-metals footprint Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our ch
Slide 4: Economic growth in developing economies will underpin the continuing demand for zinc
Economic growth in developing economies will underpin the continuing demand for zinc Zinc supported by phases of economic growth* Zinc consumption (million tonnes)** CAGR Actual Forecast 2012-20 3% 2% 0% 3% 5% − Despite some recent disappointing economic data, the outlook for Chinese zinc demand gro
Slide 5: and a significant tightening of zinc concentrate supply in the medium term …
and a significant tightening of zinc concentrate supply in the medium term … Zinc mine depletions and attritions by the Zinc mine depletions (and total attritions) end of 2016 between 2012-2016 Zinc production Mine (location) (kt)2 Century (Australia) 510 Brunswick (Canada) 185 Lisheen (Ireland) 168
Slide 6: …leading to strong zinc market fundamentals
…leading to strong zinc market fundamentals Projected tightness in concentrate market in medium term - Estimated project incentive price necessary to attract 3.5Mt/a Zn of new capacity from probable and possible mine projects is $2,650/t for a 10% pre-tax internal rate of return* Source: Brook Hunt,
Slide 7: Despite the volatile market environment in 2011, we again achieved considerable growth in EBITDA
Despite the volatile market environment in 2011, we again achieved considerable growth in EBITDA and EBITDA per tonne Continued growth in underlying EBITDA Increasing Underlying EBITDA per tonne driven by (€ million) growth in mining segment 265 210 93 H1 H2 H1 H2 H1 H2 1 To improve reporting transp
Slide 8: We continue to grow mining production and in 2011 achieved record production in the smelting segment
We continue to grow mining production and in 2011 achieved record production in the smelting segment Mining: zinc in concentrate production¹ Smelting: zinc metal production 310-350 207 Zinc kt 146% 84 2010 2011 Guidance 2012 - Zinc in concentrate production in 2011 of - Record zinc metal production
Slide 9: We continue to improve the quality of our portfolio of mining assets
We continue to improve the quality of our portfolio of mining assets and are focussed on maximising value from our acquired capacity Closing the gap Acquired zinc in concentrate capacity (annualised) Zinc in concentrate capacity in operation (annualised) Mine Mid- Talvivaara Contonga & Tennessee str
Slide 10: Our expanding multi-metals footprint delivers increasing gross profit contributions from metals in addition to zinc
Our expanding multi-metals footprint delivers increasing gross profit contributions from metals in addition to zinc Mining 2010 Mining 2011 €96 million 1 €345 million 1 Smelting 2010 Smelting 2011 €827 million * €937 million * Leach products Sulphuric Acid Lead Zinc 1. Includes other products / meta
Slide 11: We have an unrelenting commitment to achieve world class safety, health and environmental performance
We have an unrelenting commitment to achieve world class safety, health and environmental performance which is critical to our on- going growth and success Recordable environmental LTR1 RIR1 incidents 2.0 5.0 World class oil and gas industry standard – Tragically, despite the significant amount of w
Slide 12: Solid financial position with a well balanced portfolio of long term debt
Solid financial position with a well balanced portfolio of long term debt Gearing¹ − Successfully completed €490m rights offering in March 2011 − Closed public bonds offer for €525m in May 2011 − Capital raise and bond issue both demonstrated strong support by shareholders and the market of our stra
Slide 13: We are continuing to put our Strategy into Action with a clear focus on consistently delivering performance
We are continuing to put our Strategy into Action with a clear focus on consistently delivering performance “Strategy into Action” is a disciplined approach to taking our strategy into every part of the business and engaging the entire workforce to achieve our vision of being the leading integrated
Slide 14: We have a clear strategy and long term ambition, and through Strategy into Action...
We have a clear strategy and long term ambition, and through Strategy into Action, the processes in place to ensure continued growth and success ‒ Key milestones achieved during 2011 ‒ Acquired further zinc multi-metal mining capacity ‒ Significant growth in zinc in concentrate production, up 146% c