Mountain Province Diamonds Inc. · OTC:MPVDF
Mountain Province Diamonds — Q3 2023 Earnings Presentation
10 slides from Mountain Province Diamonds's earnings presentation, Nov 10, 2023
Slide 1: Q3 2023 Webcast
TSX: MPVD Q3 2023 Webcas t November 10, 2023 TITLE SLIDE 1 WWW.MOUNTAINPROVINCE.COM
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Cautionary Statement Regarding Forward Looking Information This Presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations and financial perform
Slide 3: Notes to Investors
NOTES TO INVESTORS Non-IFRS Financial Performance Measures The Company has included non-IFRS measures in this presentation: adjusted EBITDA, adjusted EBITDA Margin (%), cash cost of production per tonne, cash cost of production per carat, and sustaining capital expenditures. The Company believes tha
Slide 4: Q3 – 2023 Highlights
Q3 – 2023 HIGHLIGHTS Quarterly Adjusted EBITDA of $25.1M. EBITDA Margin of 42% 479,000 carats sold, with total proceeds of $60.3 million Average value of $126 per carat (US$95) Repurchase for cancellation of approximately US$6 million aggregate principal amount of the 9.000% Senior Secured Second Li
Slide 5: Q3 2023 vs Q3 2022 Financial Highlights
Q2 2023 VS Q3 2022 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) (‘000s) CAD Q3 2023 Q3 2022 ∆ QoQ Revenue $60,277 $110,124 ↓ $49,847 (-45%) Adjusted EBITDA $25,108 $54,104 ↓ $28,996 (-54%) Adjusted EBITDA Margin (%) 42% 49% ↓ (7%) (-15%) Net Income (Loss) (per share, diluted)
Slide 6: Q3 2023 vs Q3 2022 Financial Highlights
Q3 2023 VS Q3 2022 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) (‘000s) CAD Q3 2023 Q2 2022 ∆ QoQ Cash Position $14,130 $79,341 ↓ $65,211 (-82%) Earnings from Mine Operations $2,650 $44,663 ↓ $42,013 (-94%) Cash Cost of Production per Tonne Treated, including Capitalized Stri
Slide 7: Q3 2023 vs Q3 2022 Production Highlights
Q3 2023 VS Q3 2022 PRODUCTION HIGHLIGHTS Q3 2023 Q3 2022 ∆ QoQ Ore and waste mined Tonnes ‘000s 9,146 7,753 ↑ 1,393 (18%) (100% basis) Ore mined Tonnes ‘000s 888 1,267 ↓ 379 (-30%) (100% basis) Tonnes Treated ‘000s (100% basis) 878 816 ↑ 62 (8%) Grade (cts/t) 1.51 1.78 ↓ 0.27 (-15%) MPV Carats recov
Slide 8: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE REVENUE ('000) CAD ADJUSTED EBITDA ('000) CAD $128,667 $67,538 $110,124 $97,761 $96,315 $55,127 $54,104 $59,918 $60,277 $30,681 $23,409 $25,108 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 MOUNTAINPROVINCE.COM TSX: MPVD 8
Slide 9: Rough Diamond Market
ROUGH DIAMOND MARKET • The relative reduction in volume sold in Q3 2023 reflects the Company's decision to strategically stock certain categories of the lower valued goods to defend its prices in the rough diamond market. • The diamond market is experiencing low levels of demand since returning from
Slide 10: Corporate Information
CORPORATE INFORMATION WWW.MOUNTAINPROVINCE.COM info@mountainprovince.com TSX: MPVD CORPORATE OFFICE 161 Bay Street, Suite 1410 Toronto, ON M5J 2S1 Canada MOUNTAINPROVINCE.COM TSX: MPVD 10 Tel. +1 (416) 361-3562
Mountain Province Diamonds — Q3 2023 Earnings Presentation on 6ix