Sotkamo Silver Ab · NGM:SOSI
Sotkamo Silver Ab — Q2 2021 Earnings Presentation
15 slides from Sotkamo Silver Ab's earnings presentation, Jul 15, 2021
Slide 1: Sotkamo Silver AB Q2/2021 Release Info
Sotkamo Silver AB Q2/2021 Release Info CEO Erkki Kuronen CFO Mikko Sopanen 15.7.2021 2
Slide 2: Agenda of today
Agenda of today • Q2/2021 and Operational Update – CEO Erkki Kuronen • Financial Result of Q2/2021 – CFO Mikko Sopanen • Questions and Answers 3
Slide 3: Second best Quarter of the Company
Second best Quarter HIGHLIGHTS OF THE SECOND QUARTER 2021 of the Company • Net sales 109 MSEK (previous year 67 MSEK) Revenue and EBITDA • EBITDA 36 MSEK (0) 140 • EBIT 16 MSEK (-22) 120 • Cash and cash equivalents 52 MSEK (14) 100 • Earnings per share 0.05 SEK (-0.32) 80 • The production in concent
Slide 4: Ore production and Silver grade
Ore production and Silver grade Milled ore (t) 150 000 125 000 100 000 tons 75 000 50 000 25 000 0 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Head grade Silver (g/ton) 120 100 80 g/ton 60 40 20 0 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 5
Slide 5: Metal production
6 Q2 2021 Q2 2021 Q1 2021 Q1 2021 Produced Lead (tons) Produced Zinc (tons) Q4 2020 Q4 2020 Q3 2020 Q3 2020 Q2 2020 Q2 2020 Q1 2020 Q1 2020 Q4 2019 Metal production Q4 2019 Q3 2019 Q3 2019 0 1 200 1 000 200 800 600 400 0 100 500 400 300 200 tons tons Q2 2021 Q2 2021 Q1 2021 Q1 2021 Produced Silver (
Slide 6: Our Mission and Values
Our Mission and Values Our Mission ”Discover, Mine and Deliver – metals and value” We believe in being Responsible and Local 7
Slide 7: Project 700 – Mining continues until year 2030
Project 700 – Mining continues until year 2030 8
Slide 8: Preconcentrating process
Preconcentrating process XRT (X-Ray Transmission) Classifies ores according to their specific atomic density. Simple process • Crushing and sieving of the fines • Feeding to conveyor • Analysis by XRT • Pneumatic separation to • Preconcentrated ore • Rejected gangue Silver 99
Slide 9: Project REX – creating opportunities
Project REX – creating opportunities Suomussalmi Kuhmo West Silver Mine Tipasjärvi Base map © National Land Survey and GTK 10
Slide 10: Environment
Environment • Committed to maintain Social License and active collaboration with stakeholders • Working on: • Finnish Towards Sustainable Mining – standard (Network of Sustainable Mining) • Implement the management systems for Quality, Environment and Occupational Health and Safety • Promote recycli
Slide 11: Q2 2021 and H1 2021 summary
Q2 2021 (Q2 2020) H1 2021 (H1 2020) • Net sales 109 MSEK (67 MSEK) • Net sales 204 MSEK (158 MSEK) • EBITDA 36 MSEK (0 MSEK) • EBITDA 51 MSEK (9 MSEK) • EBIT 16 MSEK (-22 MSEK) • EBIT 10 MSEK (-30 MSEK) • Milled tonnes about 143 000 (137 000) • Milled tonnes about 282 000 (266 000) • The production
Slide 12: Income statement Q2 H1 2021
Income statement Q2 H1 2021 2021 2020 2021 2020 2020 Amount in MSEK Q2-21 Q2-20 H1-21 H1-20 FY20 Net sales 109 67 204 158 365 Change of finished goods 0 2 1 -1 -2 Other income 2 6 0 6 12 Supplies -55 -54 -109 -110 -212 Other expenses -10 -11 -26 -24 -52 Employee expenses -10 -10 -20 -19 -39 EBITDA 3
Slide 13: Balance sheet Q2 2021
Amount in MSEK Balance sheet Q2 2021 30.6.2021 30.6.2020 31.12.2020 Assets Fixed assets Intangible fixed assets 0 0 0 Tangible fixed assets 510 543 521 Right of use assets 38 60 49 Financial fixed assets 15 9 11 Total fixed assets 563 612 581 Current assets Inventories 5 5 4 Trade receivables 35 29
Slide 14: Cash flow statement H1 2021
Cash flow statement H1 2021 CONSOLIDATED, CONDENSED STATEMENT OF CASH FLOW 1.1.2021- 1.1.2020- 1.1.2020- Amount in MSEK 30.6.2021 30.6.2020 31.12.2020 Operating activities Result for the period -4 -57 -47 Adjustments for items not effecting cash 50 62 108 Interests paid -17 -21 -25 Cash flow from op
Slide 15: Sotkamo Silver in Sweden and Finland
Sotkamo Silver in Sweden Sotkamo Silver AB Nybrogatan 34/Box 5216 SE-102 45 Stockholm Sotkamo Silver in Finland Sotkamo Silver Oy Hopeatie 20 FI-88600 SOTKAMO Telephone +358 44 733 2355 16