Empress Royalty Corp · TSXV:EMPR
Empress Royalty — Investor Presentation (September 2024)
20 slides from Empress Royalty's investor presentation, September 2024
Slide 1: Corporate Presentation September 2024
TSXV | EMPR OTCQX | EMPYF S T R AT E G I C A P P R O A C H T O I N V E S T I N G I N G O L D & S I L V E R CORPORATE PRESENTATION SEPTEMBER 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS CAUTIONARY NOTE This Presentation contains or incorporates by reference "forward-looking statements" or "forward-looking statements are subject to a variety of risks, uncertainties and other factors which could cause actual events information" within the meaning of applica
Slide 3: Significant Growth Potential
SIGNIFICANT GROWTH POTENTIAL Track Record of Doubling Annual Revenue STRUCTURED TO CREATE VALUE Trading at ~50% of NAV Actively Scaling Global Gold & Silver Portfolio Unrivalled Expertise in Mining Finance EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 03
Slide 4: Outperforming Gold
OUTPERFORMING GOLD THE POWER OF ROYALTY & STREAM INVESTMENTS SUPERIOR RETURNS TO GOLD & MINERS ETF *Royalty Index: average of Wheaton Precious Metals, Royal Gold, Franco Nevada & Sandstorm Gold. Source: S&P Global Capital IQ EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 04
Slide 5: Maximizing Returns
MAXIMIZING RETURNS ROYALTIES LEVERAGE THE STRENGTHS OF MINING HIGHER GAINS, LOWER RISK Royalty: Empress receives a % of revenue from production Stream: Empress can buy a % of the metal produced at a steeply discounted price Benefits to Empress Royalty Shareholders Pure Gold & Silver Globally Diversi
Slide 6: Our Competitive Edge
OUR COMPETITIVE EDGE ROYALTY CREATION FOR STRONG RETURNS BENEFITS OF CREATING ROYALTIES & STREAMS, NOT ACQUIRING Bespoke investments – we create Investing solely in producing or near customized agreements that generate production mines to quickly generate significant returns revenue Building direct
Slide 7: Precision in Investing
PRECISION IN INVESTING Project Stage Producing or near production OUR GUIDING PRINCIPLES Commodity Exclusively gold and silver Location Global reach Investment Size Up to US$25M ESG Sustainability focused EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 07
Slide 8: Revenue on the Rise
REVENUE ON THE RISE BOOSTED BY SURGING GOLD & SILVER PRICES Potential Revenue Increase From Higher Commodity Prices US$ Millions $25 $20 $15 $10 $5 $0 2021 2022 2023 2024 2025 2026 2027 Projected revenue calculated using management estimates on the four key assets GOLD PRICE SILVER PRICE $2,000/oz $
Slide 9: Our Global Portfolio
OUR GLOBAL PORTFOLIO E XC LUS IVE LY PRE C IOUS ME TA LS PRODUCING & REVENUE GENERATING 1 MEXICO – Tahuehueto | Silver Stream 2 PERU – Sierra Antapite | Gold Stream 3 MOZAMBIQUE – Manica | Gold Royalty 4 SOUTH AFRICA – Galaxy | Gold Stream DEVELOPMENT STAGE Mexico - Pinos | Gold & Silver Royalty EXP
Slide 10: Sierra Antapite
SIERRA ANTAPITE PERU G O L D S T R E A M Lima Underground Gold Mine in Peru Owned By Sierra Sun Group (Private) Sierra Antapite Investment Size: US$10M in 2021 Type: 4.5% gold stream Annual Cash Flow: US$4.7M HIGHLIGHTS Annual GEOs: 2,030 • Empress investment allowed Sierra Antapite to expand produc
Slide 11: Tahuehueto
TAHUEHUETO S I LVE R S T R E A M Underground Gold Mine in Mexico Owned by Luca Mining (TSXV: LUCA) Tahuehueto Investment Size: US$5M in 2021 MEXICO Type: 100% silver stream Annual Cash Flow: US$5.8M Mexico City Annual GEOs: 2,741 HIGHLIGHTS Terms: 1.25M oz. then 20% for 10 yrs. • Empress investment
Slide 12: Manica
MANICA G O L D R OYA LT Y Open Pit Gold Mine in Mozambique Owned by MMP (Private) Manica MOZAMBIQUE Investment Size: US$3.5M in 2022 Type: 3.375% gold royalty Annual Cash Flow: US$1.2M Maputo City Annual GEOs: 644 HIGHLIGHTS Terms: 95k oz. then 1.125% LOM • Empress investment allowed for completion
Slide 13: Galaxy
GALAXY Galaxy G O L D S T R E A M Underground Gold Mine in South Africa Owned by Golconda Gold (TSXV: GG) SOUTH AFRICA Investment Size: US$5M in 2024 Type: 3.5% gold stream Cape Town Annual Cash Flow: US$2M Annual GEOs: 1,007 HIGHLIGHTS Terms: 8k oz. then 2% up to 20k oz. or 20 yrs. • Empress invest
Slide 14: Fueling Growth
FUELING GROWTH Consistent flow of new INCREASING PORTFOLIO investment opportunities DIVERSITY Evaluating over US$50M in potential investments Focusing on producing or near producing mines to quickly OBJECTIVE OF DOUBLING increase revenue PORTFOLIO OVER NEXT THREE YEARS EMPRESS ROYALTY | TSXV:EMPR |
Slide 15: Strong Team
STRONG TEAM OVER US$8B IN MINING FINANCE TRANSACTIONS Management Board of Directors & Advisors Alexandra Woodyer Nora Pincus Xavier Wenzel David Rhodes Alexandra Woodyer Jeremy Bond David Laing Sherron VP Corporate Chief Financial Executive Chair Sherron Director Technical Advisor CEO & President De
Slide 16: Empowered by Partnership
EMPOWERED BY PARTNERSHIP HARNESSING TOP-TIER RESOURCES & EXPERTISE Strategic Partnership with Endeavour Financial Propels Growth ENDEAVOUR FINANCIAL • Providing consistent deal flow to drive the growth of Empress’ portfolio US$740M US$1.3B Royalty & Stream JV & Strategic Finance Investments • Except
Slide 17: Capital Structure
CAPITAL STRUCTURE POSITIONED FOR STABILITY & STRATEGIC EXPANSION KEY SHAREHOLDERS BALANCE SHEET as at June 30, 2024 Rick Rule Terra Capital Brien Lundin Endeavour Financial Treasury** US$525k Stefan Gleason Sprott Asset Management Debt*** US$7.1M US Global Investors Debt Available US$20M BOARD & MAN
Slide 18: Uncovering Hidden Value
UNCOVERING HIDDEN VALUE TRADING SIGNIFICANTLY BELOW INDUSTRY AVERAGES PRICE / NET ASSET VALUE¹ PRICE / CASH FLOW (2024E)¹ Trading at a Trading at a 55% discount 65% discount Industry Average = 1.00x Industry Average = 24.61x 0.58x 0.45x 11.10x 8.70x . s a o t X la ra PM a n rm a . s en o X ) ra PM )
Slide 19: Value Proposition
VALUE PROPOSITION WHY INVEST? Substantially Undervalued US$69M* US$60M** Growing Revenue & PROJECTED REVENUE NET ASSET VALUE OVER 5 YEARS Expanding Portfolio The Only Pure Precious US$36M*** Metals Royalty Play MARKET CAPITALIZATION *NAV calculated using Management Price Case with a 5% discount rate
Slide 20: Contact Us
CONTACT US Vancouver, Canada empressroyalty.com +1.604.331.2080 @empressroyaltycorp info@empressroyalty.com EmpressRoyaltyCorp Alexandra Woodyer Natasha Frakes Sherron Vice President Chief Executive Officer Investor Relations Minimal X 20 EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF
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