Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — 9M FY2021 Earnings Presentation
18 slides from Fortress Minerals's earnings presentation
Slide 1: Fortress Minerals Limited – Result Presentation for 3Q & 9M FY2021
Fortress Minerals Limited Result Presentation for 3Q & 9M FY2021 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Fortress, at a glance – Bukit Besi Mine Overview
01 Fortress, at a glance Bukit Besi Mine Overview
Slide 4: Corporate overview and achievement
Corporate overview and achievement FYE We are a high-grade iron ore concentrate producer and 2016 Obtain mining right in Bukit Besi, Terengganu, Malaysia. exporter since 2018. 2017 We produce high-grade iron ore concentrate at our Bukit Construction of major processing plants in Bukit Besi Besi
Slide 5: Management team
Management team Talents whom responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and acco
Slide 6: Strategic Location supported with Good Infrastructure
Bukit Besi Mine Strategic Location supported with Good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman P
Slide 7: Mineral Resource – A closer look
Mineral Resource – A closer look Growing resource base and Overall Fe increases despite yearly depletion RESOURCE SUMMARY: West, Valley and East Deposits are <5% of total concession area (526.2 ha) 7 Aug 2018 28 Feb 2019 29 Feb 2020 Net Attributable to the Group Deposit Resource Area Category Tonnes
Slide 8: Processing Plants and Mine Infrastructure
Processing Plants and Mine Infrastructure “Resilience productivity capable to operate on 24-hour shift”
Slide 9: Financial results
02 Financial results
Slide 10: A stellar performance for 9M FY2021
A stellar performance for 9M FY2021 Growing with increasing profitability and resilient margin Financial Revenue Margin Earnings performance US$ 30.4 Million 75.2 % US$ 17.7 Million Gross Revenue Gross Profit Margin Underlying EBITDA Margin Balance Sheet Cash flow NAV US$ 11.1 Million 8.46 US cent F
Slide 11: Financial Highlights
Financial Highlights US$ million Revenue Solid earnings generated strong free cash flow 35.0 > Full year + 4.5 M 30.0 + 17.4% 25.0 20.0 15.0 Financial metrics 3Q 2020 3Q 2021 9M 2020 9M 2021 2020 10.0 US$’ million Audited 5.0 10.3 17.7 30.4 25.9 - 4.1 3Q FY20 3Q FY21 9MFY20 9MFY21 FY20 Revenue 4.1 1
Slide 12: Robust Gross Profit Margin
Robust Gross Profit Margin Driven by record volume and continued low unit cost PRODUCTIVITY: Average unit cost (US$/WMT) and Volume (WMT#) GROSS PROFIT (US$ Million) and Gross Profit Margin (%) 30 100 .0% 95. 0% 32.30 29.62 90. 0% 540,000 28.81 32.8 0 32.5 0 32.2 0 31.9 0 31.6 0 31.3 0 31.0 0 30.7 0
Slide 13: Financial performance – A quick glance
Financial performance A quick glance 13
Slide 14: Use of IPO proceeds – Status in FY2021
Use of IPO proceeds – Status in FY2021 Amount denominated in SGD’ million Opening 3Q FY2021 Closing 3Q FY2021 (Utilised) 3Q FY2021 IPO • Further development of Bukit Besi Mine 7.0 • Future exploration and geology work • Expansion of iron ore processing 01 2.9 (2.9) - capacities Exploration and geolo
Slide 15: Iron
26 Fe Iron 55.845 03 Corporate Update
Slide 16: Offtake-Agreement signed in 3Q FY2021
Offtake-Agreement signed in 3Q FY2021 Scope of agreement Period Pricing Platts for 400,000 WMT 1 YEAR 65% Fe CFR North China Approximately Sale volume commitment secured commencing 1 September 2020 to With quantity variance of Average of the available daily Platts 31 August 2021 and adjusted to the
Slide 17: Corporate Update – Acquisition of MMSB Group
Corporate Acquisition of MMSB Group Update Consideration Monument Mengapur Sdn Bhd (“MMSB Group”) US$ 30.0 Million 1.25% Incorporated In Malaysia Cash consideration royalty on revenue Contingent consideration Cermat Aman Star Destiny 5 years 12 years Mining land covering Exploration Land covering Ap
Slide 18: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 8 Robinson Road #03-00 ASO Building Singapore 048544 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 56