Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — FY2023 Earnings Presentation
21 slides from Fortress Minerals's earnings presentation, Apr 26, 2023
Slide 1: Fortress Minerals Limited Results Presentation FY2023
Fortress Minerals Limited Results Presentation FY2023 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Fortress Overview
01 Fortress Overview
Slide 4: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 400 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore H
Slide 5: Corporate achievements
AWARDED BUKIT BESI MINING RIGHT Corporate achievements • 13 years long-life mining rights expiring in the year 2033 • Two mining leases covered area of 526.2 ha FY2023 FY2016 COMPLETION OF JORC DRILLING CAMPAIGN • Completed JORC drilling campaign on East, Valley & West Deposits • Construction of maj
Slide 6: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 7: Our strategic assets
02 Our strategic assets Mining project overview
Slide 8: At a glance: Producing assets of Fortress Minerals
At a glance: Producing assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases by two subsid
Slide 9: Bukit Besi Mine Strategic location supported by good Infrastructure
Bukit Besi Mine Strategic location supported by good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman Por
Slide 10: Bukit Besi Mineral Resource
Bukit Besi Mineral Resource A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * WAG ^ 45.34% 44.16% 43.25% 45.90% 42.31% Fe Fe Fe Fe Fe 7.18 In million tonnes 6.73 6.18 0.96 5.77 0.66 5.41 0.16 1.18 0.77 0.58 Bukit Besi’s 3.61 Operation 2.24 4.62 Site 3.58 3.57 East (Inferr
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Magnetite iron ore 35.89 Bk Besi 526.2ha Million Tonnes – 2.10 (Inferred & Indicated) S
Slide 12: At a glance: Exploration assets of Fortress Minerals
At a glance: Exploration assets of Fortress Minerals Telupid Project Company Name Saga Mineral Sdn. Bhd. 2 Acquisition date 20-Sep-2022 Fortress Cu Sdn. Bhd. (65%) New prospecting licenses Shareholders Aston Solutions Sdn. Bhd. (35%) issued by East Malaysia by the Land and Surveys Department State o
Slide 13: Operational Updates
03 Operational Updates
Slide 14: Operational updates
Operational updates Mengapur • The Group is building up its production capabilities at the CASB mine, FY2023 which commenced production in July 2022. • Looking to build new integrated processing plant which will enhance production capability at the CASB mine and enable the Group to produce high grad
Slide 15: Other updates
Other updates Completion of placement of 23,316,100 Placement Shares at S$0.386 per Placement Share on 10 April 2023. FY2023 • 60% of net placement proceeds - Fund the Company's efforts to build up its production capabilities at the CASB Mine located at Mengapur, which commenced production in July 2
Slide 16: Financial Results
04 Financial Results
Slide 17: Financial results for FY2023
Financial results for FY2023 Firm operational performance supported by increased production Financial Revenue Margin Earnings performance US$ 53.5 Million 70.5% US$ 23.9 Million Gross Revenue 23.5%^ Gross Profit Margin 6.5ppt^ Underlying EBITDA 1.7%^ Balance sheet Operating cash flow Liquidity NAV (
Slide 18: Financial highlights
Financial highlights Revenue Strategic growth efforts support strong operating revenue 50.0 53.5 40.0 47.7 + 23.3% 43.4 Financial metrics 30.0 - 9.0% US$’ million FY2021 FY2022 FY2023 20.0 10.0 - Revenue 47.7 43.4 53.5 FY21 FY22 FY23 NPAT and margin Gross profit 38.2% 32.0% 23.5% 36.5 33.4 37.8 269,
Slide 19: Resilient gross profit margin
Resilient gross profit margin Driven by low unit cost and good throughput productivity GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 50.0 76.4% 77.0% 70.5% 100.0% 95.0% 90.0% 85.0% 80.0% 75.0% 70.0% 65.0% 60.0% Higher inflation 55.0% 40.0 50.0% 45.0% 40.0% 35.0% 30.0% of
Slide 20: Financial performance A quick glance
Full year 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Operating metrics FY2023 FY2022 FY2021 FY2020 FY2023 FY2023 FY2023 FY2023 FY2022 FY2022 FY2022 FY2022 FY2021 FY2021 FY2021 FY2021 Average realised price/ DMT 98.04 121.27 105.43 95.93 119.80 97.05 85.81 91.48 143.00 141.82 87.44 126.63 94.97 95.99 110.06
Slide 21: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 77 Robinson Road #06-03, Robinson 77 Singapore 068896 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 7