Slide 1: FY2020 Financial Results Presentation
FY2020 Financial Results Presentation 27 August 2020 Access this presentation at: https://webcast.boardroom.media/sandfire-resources- limited/20200827/NaN5f2cc8cbe68b040019f66419 or http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and 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 independently verified and does not purport
Slide 3: Strategic Growth Plan – Creating Opportunity
STRATEGIC GROWTH PLAN – CREATING OPPORTUNITY Execute delivery Build a sustainable production profile Accelerate discovery Align and empower our people Optimise capital structure Slide : 3
Slide 4: FY2020 Headline Results
FY2020 HEADLINE RESULTS $656.8M Record production Sales revenue from 72,238t Cu & 42,263oz Au copper and gold C1 US$0.72/lb $315.3M $165.1M Group Acquisition of Tshukudu EBITDA Project, Botswana $74.1M Positive ROD Net profit after tax Black Butte Copper attributable to equity holders Project Montan
Slide 5: FY2020 Operating Results
FY2020 OPERATING RESULTS DeGrussa Operation • Record annual production and cost performance • FY2020: 72,238t Cu and 42,263oz Au at C1 US$0.72/lb • FY2021 Guidance: 67-70,000t Cu and 36-40,000oz Au at C1 US$0.90-0.95/lb • Accelerating discovery to extend mine life • Old Highway drilling and combined
Slide 6: FY2020 Financial Results
FY2020 FINANCIAL RESULTS Sales revenue • Record annual DeGrussa revenue of $656.8M from copper, gold and silver in concentrate Operations costs • Unit costs reduced by US$0.11/lb (13%) on increased production • DeGrussa costs increased by $12.8M (6%) driven by full year of Monty Mine production and
Slide 7: Group Segment Contribution to EBITDA
FY2020 FINANCIAL RESULTS Group Segment Contribution to EBITDA Slide : 7
Slide 8: Group EBITDA – FY2020 v FY2019
FY2020 FINANCIAL RESULTS Group EBITDA – FY2020 v FY2019 Slide : 8
Slide 9: FY2020 Financial Position
FY2020 FINANCIAL POSITION Maintaining strong financial position for growth • Group cash holding at year end increased to $291.1M • Combined cash and other current assets increased by $81.6M; $22.4M increase in the fair value of investments • Debt free balance sheet (excluding lease liabilities) posi
Slide 10: FY2020 Dividends
FY2020 DIVIDENDS Continued returns to shareholders • Maintaining dividend stream from profitable DeGrussa Operations 14cps • Final dividend for FY2020: Final dividend • 14.0cps • Fully franked • Record date 15 September 2020 • Payment date 29 September 2020 5cps • Optimised capital structure to driv
Slide 11: Cash Generation and Investment
FY2020 CASH GENERATION AND INVESTMENT DeGrussa Operation cash flows funding growth Slide : 11
Slide 12: Summary & Outlook
SUMMARY & OUTLOOK • Record DeGrussa Operations FY2020 production and cost performance; continued strong performance and outlook into FY2021 • Growing cash holding and debt free balance sheet provides flexibility in project development • Optimisation of T3 Copper-Silver Project Feasibility Study cont
Slide 13: Contact Details
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 Slide: 13