Slide 1: December 2020 Half Year Financial Results Presentation
December 2020 Half Year Financial Results Presentation 25 February 2021 Access this presentation by clicking here or on the Sandfire website www.sandfire.com.au Page: 1 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTUNITY
Slide 2: Important Information and Disclaimer
ImportantImportant Information andand Information Disclaimer Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire current at the date of this presentation. The presentation is in summary form, has not been independ
Slide 3: Strategy: Creating value through opportunity
Execute delivery Strategy Sustainable production Creating value Accelerate discovery through opportunity Align and empower our people Optimise capital structure Page: 3 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTUNITY
Slide 4: Highlights 1HFY2021
● DeGrussa copper production: 35,790t of contained copper and 21,343oz of contained gold at C1 US$0.72/lb; pleasing safety performance: ● FY2021 guidance: positioning for upper end of guidance 67-70kt of contained copper and 36-40koz of contained gold, at C1 US$0.85-$0.90/lb ● Old Highway Gold Prosp
Slide 5: Copper | Emerging Market Deficit Driven by Multiple Factors
Copper│ Emerging Market Deficit Driven by Multiple Factors Page: 5 S A N D F I R E R E S O U RS C A ENSD -F ICRREE ARTEISNOGU R VCA EL SU E- CT RH ERAOTUI G NGH OPPORTUNITY
Slide 6: DeGrussa Operations | FY2021 YTD Production
DeGrussa Operations │ FY2021 YTD Production 93.4% Cu recovery Copper production: 35,790t Cu 21,343oz Au contained 48.4% Au recovery Page: 6 SANDFIRE RESOURCES - CREATING VALUE FOR STAKEHOLDERS THROUGH EXCELLENCE AND INNOVATION IN BASE AND PRECIOUS METALS
Slide 7: 1HFY2021 Headline Financial Results
$355.6M $335.8M Record Cash and equivalents DeGrussa sales revenue ($44.6M increase) Operations $192.1M $137.8M 1HFY2021 Group Cash flow from Headline Financial EBITDA operating activities Results ($28.7M increase) $60.1M 8cps Net profit after tax Fully-franked Interim attributable to equity holders
Slide 8: 1HFY2021 | Group Segment Contribution to EBITDA
1HFY2021 │ Group Segment Contribution to EBITDA Feasibility studies, drilling and permitting Exploration drive across global jurisdictions Page: 8 SANDFIRE RESOURCES - CREATING VALUE FOR STAKEHOLDERS THROUGH EXCELLENCE AND INNOVATION IN BASE AND PRECIOUS METALS
Slide 9: 1HFY2021 | Group EBITDA – 1HFY2020 to 1HFY2021
1HFY2021 │ Group EBITDA – 1HFY2020 to 1HFY2021 Higher copper concentrate Strong cost Exploration Strong cost holding control and drive across control (January 2021 increased FX global Increase in sales), lower rate jurisdictions copper price, ROM stocks despite carry over of sales into 2H FY2021 Pag
Slide 10: Financial Position 1HFY2021
● Maintaining strong financial position for growth $335.8M ● Group cash holding increased to Cash and equivalents $335.8M ($44.6M increase) Financial ● Increased inventory with 4 shipments Position completed in January 2021 ● Financial investments $81.9M $972.6M 1HFY2021 ● Current tax receivable $23
Slide 11: Continued returns to shareholders
Continued returns to shareholders ● 8cps ● Maintaining dividend stream from profitable DeGrussa Operations Fully-franked Interim ● 8.0cps interim dividend for FY2021: Dividend (EPS 34.1cps) ● Fully franked Dividends ● Record date 3 March 2021 ● Payment date 17 March 2021 1HFY2021 ● Optimised capital
Slide 12: 1HFY2021 | Cash Generation and Investment
1HFY2021 │ Cash Generation and Investment Page: 12 SANDFIRE RESOURCES - CREATING VALUE FOR STAKEHOLDERS THROUGH EXCELLENCE AND INNOVATION IN BASE AND PRECIOUS METALS
Slide 13: Summary and Outlook
Strong foundations – high-margin production and cash-flow, strong debt-free balance sheet New long-life production hub being developed in Botswana with development Summary and of T3 (Motheo) commenced in Q3 FY2021 Outlook Highly prospective global exploration portfolio to drive organic growth A capa
Slide 14: Competent Person's Statements
Competent Person’s Statements T3 Ore Reserve The information in this report that relates to Open Pit Ore Reserves, is based on information compiled by Mr Jake Fitzsimons who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Fitzsimons is employed by Orelogy Consulting Pty Ltd an
Slide 15: December 2020 Half Year Financial Results Presentation
December 2020 Half Year Financial Results Presentation 25 February 2021 Contact Details Level 2, 10 Kings Park Road, West Perth WA 6005 Australia PO BOX 1495, WEST PERTH WA 6872 AUSTRALIA +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Page: 15 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTU