Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — CIBC 22nd Annual Whistler Institutional Investor Conference (January 2019)
13 slides from Royal Gold's conference presentation, Jan 23, 2019
Slide 1: CIBC Institutional Investor Conference
NASDAQ: RGLD Tony Jensen, President and CEO CIBC Institutional Investor Conference January 23, 2019
Slide 2: Cautionary Statement
NASDAQ: RGD Cautionary Statement Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements in
Slide 3: Corporate Overview
NASDAQ: RGD Corporate Overview Royal Gold is a precious metals stream and royalty company Diverse portfolio: 191 total interests, with 41 producing mines and 17 development projects Track record of providing dividend growth and reserve optionality Strategic objectives are to provide: Gold-focus Grow
Slide 4: Strategy Score Card
NASDAQ: RGD Strategy Score Card Gold Focus Reinvest Cash Flow Disciplined Capital Grow Dividends Shareholder Return Gold Focus 77% of FY 2018 revenue from gold, 9% from silver, 11% from copper Approximately 90% of FY 2018 revenue from North America, Dominican Republic and Chile 4
Slide 5: Reinvest Cash Flow
NASDAQ: RGD Strategy Score Card Gold Focus Reinvest Cash Flow Disciplined Capital Grow Dividends Shareholder Return Reinvest Cash Flow Last secondary share offering in 2012 Cash flow increased 103% since 2012 $350 $1,800 $1,700 $300 $1,600 Average Gold Price (US$/oz) $250 $1,500 OCF (US$ million) $1
Slide 6: Disciplined Capital Allocation
NASDAQ: RGD Strategy Score Card Gold Focus Reinvest Cash Flow Disciplined Capital Grow Dividends Shareholder Return Disciplined Capital Allocation Transacting at the right times, not at all times Last wave of large financial restructuring streams seems to be gone…for now Next opportunity set could b
Slide 7: Growing and Sustainable Dividend
NASDAQ: RGD Strategy Score Card Gold Focus Reinvest Cash Flow Disciplined Capital Grow Dividends Shareholder Return Growing and Sustainable Dividend Dividend increased to $1.06/share for CY 2019 from $1.00/share for CY 2018 19% CAGR in dividends per share 2001-2018 $1.20 $1,800 $1,600 $1.00 $1,400 A
Slide 8: Shareholder Return
NASDAQ: RGD Strategy Score Card Gold Focus Reinvest Cash Flow Disciplined Capital Grow Dividends Shareholder Return Shareholder Return FY 2018 second consecutive year of record volume, revenue, cash flow, dividends FY 2018 TSR of 20.2% – beat the S&P 500, GDX and gold 125 120 Indexed (June 30, 2017
Slide 9: Portfolio Activity
NASDAQ: RGD Portfolio Activity - Comprehensive settlement to long-standing litigation in September Voisey’s Bay - 2.7% royalty on all metals reinstated effective April 1, 2018 using new (Vale) calculation method Mount - Achieved high end of 2018 production guidance Milligan - Expects reduced through
Slide 10: Portfolio Optionality
NASDAQ: RGD Portfolio Optionality Peak Gold Joint Venture Success based investing to earn JV interest Contango Ore Inc. (CTGO): 60% JV interest Royal Gold: — 40% in JV — 12.7% equity interest in CTGO — 2% and 3% royalty interests — Operator Alaska — Close to infrastructure Property — Lease: 2,750 sq
Slide 11: Solid, Steady, Successful Performance
NASDAQ: RGD Solid, Steady, Successful Performance Cash flow and growth from broad portfolio Disciplined approach to capital deployment Strong financial position Record financial performance FY 2018 Leading shareholder return Royal Gold Board of Directors: William Hayes Tony Jensen Sybil Veenman Jami
Slide 12: Endnotes
NASDAQ: RGD Endnotes 1. Information provided to the Company by the operator or is publicly available information disclosed by the operator. Reserves information shown is as of December 31, 2017. References to portfolio reflect total property interests at December 31, 2018. Please see slide 2. 2. The
Slide 13: 1660 Wynkoop Street, #1000 Denver, CO 80202 info@royalgold.com
NASDAQ: RGLD 1660 Wynkoop Street, #1000 Denver, CO 80202 303.573.1660 info@royalgold.com www.royalgold.com
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