Ramelius Resources Limited · ASX:RMS
Ramelius Resources — Euroz Hartleys Conference March 2022
22 slides from Ramelius Resources's conference presentation, Mar 8, 2022
Slide 1: An Australian Gold Growth Story
Ramelius Resources Limited For personal use only Tim Manners Chief Financial Officer ASX:RMS An Australian Gold Growth Story March 2022 EUROZ HARTLEYS • MARCH 2022 1
Slide 2: Forward Looking Statements and Competent Persons Statement
QUALIFICATION Forward Looking Statements For personal use only This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and unce
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Guidance For personal use only Market Cap1 A$1.3B @ $1.51 per share FY21 Production3 272,109oz @ AISC A$1,317/oz Cash & Gold2 A$164.5M FY22 Guidance3 260,000 – 300,000oz @ AISC of A$1,425 – 1,525/oz Debt2 Nil Mineral Resources4 5.4Moz at 30 June 2021 Major
Slide 4: Mission, Values, Strategy and the Essentials
MISSION, VALUES, STRATEGY AND THE ESSENTIALS For personal use only EUROZ HARTLEYS • MARCH 2022 4
Slide 5: H1 FY22 - Highlights
H1 FY22 - HIGHLIGHTS • NPAT: A$73.4M down 10% (H1 Dec 21: A$81.3M) For personal use only Financial Results • EBITDA: A$187.7M down 3% (H1 Dec 21: A$192.8M)* • Underlying EBITDA Margin: 51.4% down 7% (H1 Dec 21: 55.3%) • Net Cash & Gold: A$164.5M down 29% (June 2021: A$234.0M) Balance Sheet • Working
Slide 6: Maintaining Margins
MAINTAINING MARGINS ➢ Gold production increased year-on-year For personal use only by 21.5% from FY15 to FY21 ➢ Mid-point of FY22 guidance sees gold production in line with last year ➢ AISC profile now seeing slight rise with cost pressure stemming from inflation & COVID related impacts ➢ Sales / AI
Slide 7: EBITDA Margins for Last Six Months
EBITDA MARGINS* FOR LAST 6 MONTHS For personal use only UNDERLYING EBITDA MARGIN - HY Dec 21 ➢ EBITDA Margin shown is 60% calculated as Underlying EBITDA* / Sales Revenue 50% and expressed as a % 40% 30% ➢ RMS has a history of converting a high 20% proportion of revenue 10% into underlying EBITDA (p
Slide 8: NPAT for Last Six Months (Compared to pcp)
NPAT* FOR LAST 6 MONTHS (COMPARED TO PCP) ➢ Industry has felt the impact of For personal use only the current environment of higher costs and lower productivity coupled with lower spot gold prices ➢ Even the bigger miners (NST and EVN) experienced similar drops in underlying NPAT ➢ Average spot pric
Slide 9: Balance Sheet Strength
BALANCE SHEET STRENGTH ➢ Cash and Gold of $164.5M For personal use only ➢ $319.3M in total liquid assets and inventories ➢ Working Capital of $226.7M^ ➢ Total Assets of $1.0Bn (up 20% of June 2021) ➢ Net Assets $782.7M (up 23% on June 2021) ➢ Poised to act on growth opportunities, both internal and
Slide 10: Key Project Updates
For personal use only KEY PROJECT UPDATES EUROZ HARTLEYS • MARCH 2022 10
Slide 11: Penny - One of Australia's Highest Grade Gold Mines
PENNY - ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES For personal use only ➢ Mineral Resource: 620kt @ 15.0g/t for 300koz1 . ➢ Ore Reserve: 500kt @ 14.0g/t for 230koz1 ➢ Approvals ▪ All internal & external approvals received ➢ Contracts ▪ Camp constructed and commissioned ▪ Underground mining service
Slide 12: Galaxy Underground - Approved for Commencement
GALAXY UNDERGROUND - APPROVED FOR COMMENCEMENT For personal use only . ➢ Historic area mined by Ramelius 2012 – 2018 upon re-start ➢ Opportunity identified for early access compared to Eridanus UG ➢ Access existing Hill 50 decline & run separate declines to Mars & Saturn orebodies ➢ Banded Iron Form
Slide 13: Hill Underground - Progressing to Scoping Study
HILL 50 UNDERGROUND - PROGRESSING TO SCOPING STUDY For personal use only . ➢ 2.1Moz mined historically, Mt Magnet’s largest producer ➢ Existing Mineral Resource: 1.6Mt at 6.6g/t Au for 340koz* ➢ Desktop Study positive based on current assumptions ➢ Galaxy Underground will rehabilitate top 400m of Hi
Slide 14: Edna May - Almost Million Ounces in Total Mineral Resource
EDNA MAY - ALMOST 1 MILLION OUNCES IN TOTAL MINERAL RESOURCE ➢ Scoping Study completed 2021 For personal use only . ➢ Mineral Resource update (February 2022)1 ▪ Golden Point: 2.5Mt at 0.9g/t Au for 71koz (up 13%) ▪ High Grade Lodes: 330kt at 5.4g/t Au for 57koz ▪ Total Edna May: 31Mt at 1.0g/t Au fo
Slide 15: Rebecca Gold Project - Overview
REBECCA GOLD PROJECT - OVERVIEW For personal use only ➢ A proven, regional-scale gold belt & Tier 1 location Rebecca Deposit 840,000oz ▪ 150km north-east from Kalgoorlie, in Australia’s premier gold province ▪ Southern end of the +30Moz Laverton District ▪ Access to first-class regional infrastructu
Slide 16: Sources of Future Growth
For personal use only SOURCES OF FUTURE GROWTH EUROZ HARTLEYS • MARCH 2022 16
Slide 17: Organic Growth - Mining/Processing Studies
ORGANIC GROWTH - MINING/PROCESSING STUDIES# Site Study Description Next Key Date For personal use only Morning Star underground: Desktop Study to convert a. % of ~80koz Mineral Resource ON HOLD MORE shows insufficient returns DRILLING NEEDED Galaxy (Saturn & Mars) underground: complete Pre-Feasibili
Slide 18: Return on Investment - Key Driver of Decision Making
RETURN ON INVESTMENT – KEY DRIVER OF DECISION MAKING* ➢ Track record of generating positive (net) cash For personal use only flow from new projects ➢ Inventory build up shown in chart as notional cashflow: ▪ Marda: 470kt @ 1.6g/t for 24koz ▪ Tampia: 316kt @ 1.9g/t for 19koz ➢ Penny UG first ore in F
Slide 19: Ramelius - Well Positioned for 2022 and Beyond
RAMELIUS - WELL POSITIONED FOR 2022 AND BEYOND For personal use only Proven management team adept in development & operation of open pit Operational Excellence and underground mines Strong balance sheet, disciplined approach with a focus on both growth Balance Sheet & Use of Capital aspirations and
Slide 20: Questions?
QUESTIONS? For personal use only Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Managing Di
Slide 21: Appendix - 2021 Mineral Resource Statement
APPENDIX 1 - 2021 MINERAL RESOURCE STATEMENT For detailed information relating to Mineral For personal use only Resources see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affect
Slide 22: Appendix - 2021 Ore Reserve Statement
APPENDIX 2 - 2021 ORE RESERVE STATEMENT For detailed information relating to Ore Reserves For personal use only see ASX Releases (RMS) “Resources and Reserves Statement 2021”, 10 September 2021. The Company confirms that it is not aware of any new information or data that materially affects the info
Ramelius Resources — Euroz Hartleys Conference March 2022 on 6ix