Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — FY2008 Earnings Presentation
8 slides from Energy Resources Of Australia Ltd. Class A's earnings presentation, Jan 30, 2009
Slide 1: 2008 Full Year Results - Presentation to the Financial Community
Energy Resources of Australia Ltd For personal use only 2008 Full Year Results Presentation to the Financial Community Rob Atkinson – Chief Executive Chris Bateman – Chief Financial Officer 30 January 2009 Acknowledge Traditional Owners Energy Resources of Australia Ltd (ERA) is located on Aborigina
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains statements which may include predictions as to the future, and which may constitute forward-looking statements within the meaning of Australian or US securities laws. Such statements include, but are not limited to, statements with regard to capa
Slide 3: Overview / Our people
Overview 2008 2007 Change For personal use only Sales volume (tonnes) 5,272 5,324 -1% Production – uranium oxide (tonnes) 5,339 5,412 -1% Net profit after tax – $ million 221.8 76.1 +191% Underlying earnings - $ million 119.0 76.1 +56% Average realised price – US$/lb 32.53 25.06 +30% Dividend (cents
Slide 4: Overview: results to December 2008 and profit
Financial overview 2008 2007 Results to 31 December 2008 Change $ million $ million For personal use only Underlying earnings 119.0 76.1 +56% Income 691.7 362.3 +91% Revenue from sale of uranium oxide 495.6 356.5 +39% Net profit after tax 221.8 76.1 +191% Operating cash flow 405.7 66.8 +507% Capital
Slide 5: Overview: realised price and pre-tax costs
Financial overview: realised price Average Realised Price • Contracts are generally: — 3 to 5 years in duration 35 32.53 — First delivery 2 to 4 yrs after For personal use only 30 agreement 25.06 25 • Contracts contain a mixture of pricing mechanisms: US$/pound 20 18.36 — Fixed price/base escalated
Slide 6: Overview: cash flow and capital expenditure
Financial overview: cash flow 380 330 For personal use only 280 230 $ million 180 130 80 30 -20 3.2 325.5 (171.3) 187.7 (1.6) (1.4) (72.5) (285.1) 138.3 (32.4) (1.4) 89.0 2007 Receipts Payments Insurance Finance Tax Paid Capital Loans Borrowing Dividends Other 2008 Cashflow Costs repaid Cashflow 11
Slide 7: Operational performance / Exploration and evaluation
Operational performance 2008 2007 Change For personal use only Material mined (million tonnes) 20.2 9.5 +112% Ore mined (million tonnes) 3.5 2.9 +21% Ore milled (million tonnes) 2.0 1.9 +3% Mill head grade (%) 0.30 0.31 -3% Mill recovery (%) 88.3 88.2 +0% Production – U3O8 - tonnes 5,339 5,412 -1% -
Slide 8: Outlook
Outlook • Uranium market remains robust — Uncertainty in the financial markets has derailed a number of For personal use only new uranium projects — The risks of climate change and governments desires for energy security is driving demand growth • ERA has a number of exciting options — Heap leach —
Energy Resources of Australia — FY2008 Earnings Presentation on 6ix