Aurelia Metals Limited · ASX:AMI
Aurelia Metals — FY2023 Earnings Presentation
22 slides from Aurelia Metals's earnings presentation, Aug 30, 2023
Slide 1: Full Year 2023 Financial Results
FULL YEAR 2023 FINANCIAL RESULTS ASX: AMI 30 August 2023
Slide 2: Forward Looking Statements
2 FORWARD LOOKING STATEMENTS 2023 FULL YEAR FINANCIAL RESULTS This presentation has been prepared by Aurelia Metals Limited (“AMI” or the By its very nature, production and exploration for gold and base metals is a high “Company”). It should not be considered as an offer or invitation to subscribe f
Slide 3: FY23 Key Take-Aways
3 FY23 KEY TAKE-AWAYS Business turnaround provides a strong foundation for increased profitability 2023 FULL YEAR FINANCIAL RESULTS A renewed focus Our people are Debt free with Continued organic growth on delivery key to our success strong balance sheet ✓ 86koz Au at AISC of ✓ 41% reduction in TRIF
Slide 4: FY23 Performance and FY24 Guidance
4 FY23 PERFORMANCE AND FY24 GUIDANCE
Slide 5: Group Operational Summary
5 GROUP OPERATIONAL SUMMARY Production and cost guidance achieved 2023 FULL YEAR FINANCIAL RESULTS FY23 Key metric Units FY23 Guidance FY22 5% Production volume Gold koz 86 83 98 Silver koz 352 - 789 Copper kt 2 2 4 Lead kt 19 20 25 Zinc kt 21 21 31 All In Sustaining Cost A$/oz 2,315 2,300 1,707 3
Slide 6: Group Financial Performance
6 GROUP FINANCIAL PERFORMANCE 2023 FULL YEAR FINANCIAL RESULTS Financials Units FY23 FY22 Revenue A$M 369.2 438.8 EBITDA – statutory A$M 55.8 166.5 EBITDA – underlying A$M 55.7 142.9 EBITDA Margin % 15 38 Net Profit/(Loss) After Tax – statutory A$M (52.2) (81.7) Net Profit/(Loss) After Tax – underly
Slide 7: Significant Improvement in Second Half of FY23
7 SIGNIFICANT IMPROVEMENT IN SECOND HALF OF FY23 Group TRIFR Group AISC $/oz - 24% - 52% 2,642 1,998 10.77 5.13 Dec-22 Jun-23 H1 FY23 H2 FY23 Group EBITDA A$M Cash (net of term loan) + restricted cash1 A$M 96 44 + 85% + 267% 57 52 41 39 12 11 H1 FY23 H2 FY23 H1 FY23 H2 FY23 Cash net of term loan Res
Slide 8: Balance Sheet in Place to Deliver Growth
8 BALANCE SHEET IN PLACE TO DELIVER GROWTH Currently debt free with A$168M of available liquidity 2023 FULL YEAR FINANCIAL RESULTS Total • Existing term loan of $20.7M fully repaid and $26.1M added to Undrawn liquidity Loan Note $168M restricted cash from FY23 operating cash flow • Financial close o
Slide 9: FY24 Guidance
9 FY24 GUIDANCE 2023 FULL YEAR FINANCIAL RESULTS • Gold production lower with Hera closure and FY24 FY23 GROUP OUTPUT Metric Guidance1 Actual lower gold grades at Peak and Dargues Gold koz 60 – 65 86.3 • Higher base metals production from Peak in FY24 offsets impact of Hera closure in FY23 Copper kt
Slide 10: Federation and Great Cobar to Deliver Future
10 FEDERATION AND GREAT COBAR TO DELIVER FUTURE
Slide 11: Aurelia Metals – Today and the Future
11 AURELIA METALS – TODAY AND THE FUTURE 2023 FULL YEAR FINANCIAL RESULTS Actual FY23A Revenue1 Mix by Commodity Illustrative Future Revenue Mix by Commodity2 ~80% base ~37% base metals revenue Copper metals revenue Zinc ~8% ~14% Gold & Silver Copper ~20% ~25% Lead ~15% Lead ~20% Gold & Silver ~63%
Slide 12: June 2023 Mineral Resource and Ore Reserve Update
12 JUNE 2023 MINERAL RESOURCE AND ORE RESERVE UPDATE Substantial critical base metals Mineral Resource in the Cobar Basin 2023 FULL YEAR FINANCIAL RESULTS ✓ Resource increased by 2% to 19.0Mt with 36% uplift in Chesney MRE to 2.1Mt from successful near -mine drilling ✓ Maiden MRE declaration for Bur
Slide 13: Federation Development Underway
13 FEDERATION DEVELOPMENT UNDERWAY First cut achieved on 1 August 2023 2023 FULL YEAR FINANCIAL RESULTS • Federation Project successfully restarted and decline development ramping up to meet development targets • Project team in place, currently 40-50 people • Substantial procurement activity underw
Slide 14: CEO's 100-Day Plan
14 CEO’S 100-DAY PLAN Roadmap to unlock significant shareholder value 2023 FULL YEAR FINANCIAL RESULTS TARGET PROGRESS ✓ Board approved 1 Finalise revised Vision and Strategy September 2023 launch Launch planning underway Maximise cash generation from Dargues ✓ Mine Plan finalised for Maximum Cash 2
Slide 15: Appendix
APPENDIX aurelia
Slide 16: FY23 Financial Performance
16 FY23 FINANCIAL PERFORMANCE 2023 FULL YEAR FINANCIAL RESULTS 30-Jun-23 30-Jun-22 Change Net Profit A$000 A$000 % Net profit / (loss) after income tax expense (52,221) (81,688) 36% Net profit / (loss) before income tax expense (73,873) (114,038) 35% Add back: Impairment Expense 20,846 135,687 85% R
Slide 17: FY24 – Detail
17 FY24 – DETAIL 2023 FULL YEAR FINANCIAL RESULTS Units FY241 Group Gold Production koz 60 - 65 Peak Gold Production koz 29 - 32 Dargues Gold Production koz 31 - 33 Peak Copper Production kt 2.8 - 3.1 Peak Lead Production kt 19.0 - 22.0 Peak Zinc Production kt 17.5 - 20.0 Group AISC2 A$/oz 1,850 - 2
Slide 18: Mineral Resources and Ore Reserves
18 MINERAL RESOURCES AND ORE RESERVES 2023 FULL YEAR FINANCIAL RESULTS Group Mineral Resource Estimate as at 30 June 2023 Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Measured 3,000 0.9 2.6 1.1 0.9 12 Indicated 15,000 1.4 1.1 2.8 1.8 8 Inferred 8,200 1.7 0.5 1.8 1.0 8 Total 27,000 1.4
Slide 19: Group Mineral Resource Estimate
19 GROUP MINERAL RESOURCE ESTIMATE 2023 FULL YEAR FINANCIAL RESULTS Group Mineral Resource Estimate as at 30 June 2023 Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Measured 1,600 1.3 2.0 0.1 0.1 7 Indicated 8,300 1.8 1.0 0.0 0.0 5 Inferred 6,100 2.1 0.5 0.1 0.
Slide 20: Group Ore Reserve Estimate
20 GROUP ORE RESERVE ESTIMATE 2023 FULL YEAR FINANCIAL RESULTS Group Ore Reserve Estimate as at 30 June 2023 Project Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak North Mine copper Proved 220 260 1.8 2.1 0.0 0.0 7 Probable 1,500 220 2.0 1.2 0.0 0.0 5 Total 1,700 230 2.0
Slide 21: Aurelia Snapshot
21 AURELIA SNAPSHOT 2023 FULL YEAR FINANCIAL RESULTS ASX: AMI Share price (29 August 2023) A$0.08 Shares on issue 1,685B Shareholder register composition Market capitalisation A$131M Net cash (30 June 2023) A$30.7M 22% Australian institutions International institutions Board and management Role Name
Slide 22: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au