Pt Merdeka Copper Gold Tbk · IDX:MDKA

Pt Merdeka Copper Gold Tbk — Merdeka Copper Gold — Investor Presentation (April 2020)

21 slides from Pt Merdeka Copper Gold Tbk's investor presentation, April 2020

  1. Slide 1: Indonesia's World Class Copper Gold Champion

    Indonesia’s World Class Copper Gold Champion Investor Presentation April 2020

  2. Slide 2: Disclaimer

    Disclaimer Forward Looking Statements This presentation has been prepared by Merdeka Copper Gold Tbk (“Merdeka”) and consists of written materials/slides for a presentation concerning Merdeka. By reviewing/attending this presentation, you agree to be bound by the following considerations: No represe

  3. Slide 3: Merdeka Introduction

    Merdeka Introduction MDKA today consists of five main assets which, in order of management’s assessment of future value, are as follows: 1. Tujuh Bukit Copper/Gold Project (“TB Copper Project”) 5 Assets 2. Pani Joint Venture (“Pani JV Project”) – new expansion project 3. Wetar / Morowali Acid Iron M

  4. Slide 4: Indonesia: Right Geological Address

    Indonesia: Right Geological Address Indonesia is a significant player in the global mining industry, with significant production of coal, copper, gold, tin, bauxite and nickel • As of 2018, Indonesia held 51 million metric tons of copper resources, the fifth largest in the world • The country also h

  5. Slide 5: A Better Way to Invest in Indonesia with Strong and Reliable Indonesian Shareholders

    A Better Way to Invest in Indonesia with Strong and Reliable Indonesian Shareholders Existing Shareholding Structure Saratoga Investama Sedaya Garibaldi Thohir Valuation: US$10.0b EV: US$2.6b1 EV: US$2.5b1 22.92% 22.75% 8.95% Track Record in The shareholders collectively have rich experience in lead

  6. Slide 6: Growth Delivery with Sound Financial Position Built on Operational Performance

    Growth Delivery with Sound Financial Position Built on Operational Performance Revenue (US$m) EBITDA Hedging 228 403 84,506 oz at Gold Hedge 2020 US$1,425 / oz 294 158 2019 Nil 100 Copper Hedge 2020 Nil 129 2017 2018 2019 2017 2018 2019 Outstanding Debt1 Comments • Strong cash flow generation with 

  7. Slide 7: Merdeka Share Price and Liquidity

    Merdeka Share Price and Liquidity Current Capitalization Share Price Performance Since IPO Share Price (IDR)1 1,240 1400 450 400 Shares Outstanding (m) 4,380 1200 350 Market Cap (IDR) IDR26.2tn 1000 300 Million shares 800 250 Market Cap2 US$1.6b IDR 600 200 Net Debt3 US$180.0m 150 400 Enterprise Val

  8. Slide 8: TB Gold Project

    TB Gold Project Production Information Operational & Financial Performance 2017 2018 2019 Mining Method Coventional Open Pit Unit Actual Actual Actual Metals Open Pit Mining Gold and Silver Ore Mined M Tonnes 3.3 5.3 7.4 Mineralisation Type High Sulphidation Epithermal Waste Mined M Tonnes 4.1 9.4 8

  9. Slide 9: TB Copper Project

    TB Copper Project World Class Underground Copper/Gold Deposit Comments TB Gold Open Pit Mines • Blue lines extending from the decline denote planned drilling Decline Upper High Grade Zone (UHGZ) Subset of Total Underground Copper/Gold Underground Exploration Target 250-300 Mt @ 0.7-0.9 % Cu & 0.7-0.

  10. Slide 10: TB Copper/Gold Project World Class Mineral Resource

    TB Copper/Gold Project World Class Mineral Resource Significant Porphyry Deposits 0.90% Bubble Size = Resource (Moz AuEq) Legend: Grasberg Wafi-Golpu 0.80% TB Copper Lookout Hill Tujuh Bukit UGHZ First 20+ years Resource Copper Grade (% Cu) 0.70% Producing Oyu Tolgoi 0.60% Undeveloped Northparkes Lo

  11. Slide 11: TB Copper/Gold Project Latest Drill Results

    TB Copper/Gold Project Latest Drill Results UHGZ Drilling Results to Date Comments Hole ID From (m) To (m) Interval (m) Cu (%) Au (g/t) • 13 holes drilled; table shows results for first 3 holes UHGZ-19-001 556 1,308 (EOH) 752 0.46 0,50 • First assays have shown including 724 904 180 0.63 0.62 higher

  12. Slide 12: TB Near Mine Exploration

    TB Near Mine Exploration Targeting Open Pit Mineralisation to De-Risk Porphyry Ramp Up Open Pit Mineralisation Targets Comments PT DSI Salakan Porphyry IUP • Historical drilling including SDN-12-01 : Exploration 604m @ 0.22 % Cu • Exploration to re-commence in 2020 Lompongan Porphyry Prospect • Cu-A

  13. Slide 13: Wetar Copper Project

    Wetar Copper Project Production Information Operational & Financial Performance Mining Method Conventional Open Pit 2017 2018 2019 Unit Actual Actual Actual Metals Copper Open Pit Mining Mineralisation Type Volcanogenic Massive Sulphide (“VMS”) Ore Mined M Tonnes 1.9 1.6 2.3 Waste Mined M Tonnes 1.4

  14. Slide 14: AIM Project

    AIM Project Wetar IMIP (Maluku Province) (Morowali, Central Sulawesi Province) Merdeka Joint Venture Ship 700km to Pyrite Calcine Process Morowali 1. Crush/Grind/ Concentrate 2. Roast and Residue 3. Chloridizing Residue 4. Metal Feedstock Flotation Acid Plant Roast Extraction Sulphuric Acid / Iron O

  15. Slide 15: Wetar Resource Expansion

    Wetar Resource Expansion Partolang Wetar Copper Project Prospective Locations  Exploration work has been very successful in finding and developing additional copper and pyrite resources: ‐ A significant new resource has been defined at Partolang indicating a viable copper resource close to Lerokis

  16. Slide 16: Pani – Commencement of Step-Out Drilling

    Pani – Commencement of Step-Out Drilling Overhead & Cross Sectional Illustration of Planned Step-Out Drilling Comments Between PANI COW & PANI IUP • JV with J Resources to develop a combined project. Expect to close H1 2020 – Merdeka’s economic share is 40% and controls the JV Overhead View • Expect

  17. Slide 17: Merdeka – Indonesia's New World Class Mining Company

    Merdeka – Indonesia’s New World Class Mining Company Delivering Its Strategy Actual Forecast 2015 2016 2017 2018 2019 2020 & 2021 223,000 oz 165,000 – 185,000 oz Production 167,000 oz 141,468 oz 17,000 t 17,000 t Gold Copper Gold Copper Gold Copper Gold AIM Project  Wetar acquisition Feasibility 

  18. Slide 18: Appendix

    Appendix Z MERDEKA¢# COPPER GOLD

  19. Slide 19: Management with Significant Industry Experience

    Management with Significant Industry Experience The management team comprises a group of individuals with rich experience within the industry and within their individual business functions Team Member Experience  Joined Merdeka in 2020 Simon Milroy  More than 35 years of experience in mining secto

  20. Slide 20: Merdeka is ranked in the Top Jakarta Composite Index (JCI) Movers

    Merdeka is ranked 7 in the Top Jakarta Composite Index (JCI) Movers With IDR 6.8 tn of total turnover, Merdeka is within the top 10 of JCI movers as of YTD Mar 2020 Top 10 JCI movers in terms of turnover1 as of YTD Mar 2020 (IDR tn) 42.5 39.1 25.6 20.8 15.0 13.3 6.8 6.1 5.1 4.7 Rank 1 2 3 4 5 6 7 8

  21. Slide 21: Indonesian Morowali Industrial Park (IMIP) World Class Facility

    Indonesian Morowali Industrial Park (IMIP) World Class Facility Location and Size Comments • IMIP’s ownership: ‒ Tsingshan 66.25% ‒ PT Bintang Delapan Group 33.75% • Development started in 2014. Tsingshan’s stated objective at the time was to create the world’s largest fully integrated stainless ste

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