Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — 9M FY2022 Earnings Presentation
19 slides from Fortress Minerals's earnings presentation
Slide 1: Fortress Minerals Limited Results Presentation 3Q & 9M FY2022
Fortress Minerals Limited Results Presentation 3Q & 9M FY2022 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 Overview
01 Fortress Overview
Slide 4: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 200 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore H
Slide 5: Corporate achievements
Corporate achievements FY2021 FY2020 FY2018 ACQUISITION OF FORTRESS MENGAPUR FY2017 FIRST IRON ORE COMPANY FY2016 COMMERCIAL LISTED ON SGX-ST COMPLETION OF JORC PRODUCTION LAUNCH DRILLING CAMPAIGN • S$15.0 million in gross proceeds AWARDED BUKIT BESI • Gross consideration of were raised MINING RIGHT
Slide 6: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 7: Our strategic assets
02 Our strategic assets Mining project overview
Slide 8: At a glance: Mining assets of Fortress Minerals
At a glance: Mining assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases by two subsidiar
Slide 9: Bukit Besi Mine 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 10: Bukit Besi Mineral Resource
Bukit Besi Mineral Resource A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * 45.90% 42.31% 43.25% 41.7% Fe WAG ^ Fe Fe Fe 7.18 In million tonnes 6.18 0.96 5.77 5.41 1.18 0.77 1.13 Bukit Besi’s 3.61 Operation 2.24 1.36 Site 3.58 East (Inferred) Valley (Inferred) 2.55 2.42
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Bk Besi 526.2ha Magnetite iron ore 14.77 Million Tonnes – Sri Jaya 172 km 10.72 (Inferr
Slide 12: Financial Results
03 Financial Results
Slide 13: Resilient financial results for 9M FY2022
Resilient financial results for 9M FY2022 Solid operational performance supported by strategic growth efforts Financial Revenue Margin Earnings performance US$ 38.1 Million 78.9 % US$ 21.0 Million Gross Revenue 25.5% Gross Profit Margin 3.7ppt Underlying EBITDA 18.9% Balance sheet Operating cash flo
Slide 14: Financial highlights
Financial highlights , US$ million Revenue Solid profitability translating into strong operating cash flow 79.9% 45.0 40.0 + 25.5% of FY21 47.7 Financial metrics 9M 9M 9M Full year 35.0 + 71.3% 30.0 38.1 US$’ million FY2020 FY2021 FY2022 2021 25.0 20.0 15.0 30.4 13.6 10.0 Revenue 5.0 17.7 30.4 38.1
Slide 15: Strong gross profit margin
Strong gross profit margin Driven by lower unit cost and higher throughput productivity GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 75.2% 78.9% 100 .0% 95. 0% 66.4% 90. 0% 85. 0% 80. 0% 75. 0% 70. 0% + 31.7% 65. 0% 60. 0% 55. 0% 50. 0% 30.0 45. 0% 40. 0% 30.1 35. 0% 30.
Slide 16: Financial performance
Financial performance A quick glance 16
Slide 17: Corporate update
04 Corporate update
Slide 18: Offtake-Agreement signed in 3Q FY2022
Offtake-Agreement signed in 3Q FY2022 Scope of agreement Period Pricing Platts for 375,000 WMT 15 MONTHS 65% Approximately Fe CFR North China Sale volume commitment secured With quantity variance of commencing October 21 to Average of the available daily Platts December 22 and adjusted to the Fe con
Slide 19: 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