Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — FY2017 Earnings Presentation
13 slides from Energy Resources Of Australia Ltd. Class A's earnings presentation, Jan 31, 2018
Slide 1: 2017 Full Year Results: Additional Information for the Financial Community
For personal use only 2017 Full Year Results Additional Information for the Financial Community 31 January 2018 CANDICE – NEW PICTURE www.energyres.com.au
Slide 2: Cautionary statements
Cautionary statements This presentation has been prepared by Energy Resources of Australia Ltd (“ERA”) and consists of the slides for a presentation concerning ERA. By accessing/ attending For personal use only this presentation you acknowledge that you have read and understood the following stateme
Slide 3: Acknowledgement of Traditional Owners
Acknowledgement of Traditional Owners The operations of Energy Resources of Australia Ltd (ERA) are located on Aboriginal For personal use only land and are surrounded by, but separate from, Kakadu National Park ERA respectfully acknowledges the Mirarr, Traditional Owners of the land on which the Ra
Slide 4: Agenda
Agenda • Strategic priorities For personal use only • Health and safety • Market outlook • 2017 operational performance • 2017 financial performance • Progressive rehabilitation • Stakeholder engagement • Summary 4 www.energyres.com.au
Slide 5: Focus remains on three near term priorities
Focus remains on three near term priorities Focus remains on the priorities identified in the strategic review performed in 2016 For personal use only Near term strategic priority 2017 outcomes Continue the progressive rehabilitation of the – Commencement of bulk backfill of Pit 1 following Ranger P
Slide 6: Health and safety
Health and safety Demonstrated commitment to the health and safety of our teams, community and environment in which we operate For personal use only 5 4 Frequency rate (per 200,000 AIFR LTIFR 3 hrs worked) 2 1 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 – All Injury Frequ
Slide 7: Uranium market outlook
Uranium market outlook Short term challenges remain but green shoots are emerging that may support rebalancing over time For personal use only Mlbs Near term outlook stronger in 2018 Uranium supply and demand 2009 to 2018 (Forecast) 250 – Market surplus is expected to decline to lowest level since 2
Slide 8: Operational performance
Operational performance Production guidance for 2018 of between 1,600 tonnes to 2,000 tonnes For personal use only Mill Operation 2017 Ore milled (‘000 tonnes) 2,624 Recovery (%) 84.7 Mill head grade (% U3O8 ) 0.10 Tonnes produced (U3O8 ) 2,294 Pounds (‘000 lbs) produced (U3O8 ) 5,057 – Production c
Slide 9: Full year financial performance
Full year financial performance Ranger continues to generate positive cash flow despite industry headwinds • Cash resources increased in the year For personal use only 2017 2016 Cash flow – ($A million) – ERA generated cash flow from the production and sale of • Opening cash balance 396 365 uranium
Slide 10: 2017 earnings performance
2017 earnings performance Earnings performance stable despite unfavourable impact of lower sales price For personal use only 2017 2016 • Stable earnings performance Earnings ($A million) – Chart shows drivers of change in net • Net profit/(loss) before tax and impairment (44) (40) loss (before tax a
Slide 11: Delivering progressive rehabilitation commitments
Delivering progressive rehabilitation commitments Rehabilitation of Ranger is required to be completed by January 2026 For personal use only • $452 million spent on rehabilitation and water • Feasibility Study commenced in the final management projects since 2012 quarter of 2017 – Rehabilitation spe
Slide 12: Regular engagement with key stakeholders
Regular engagement with key stakeholders Regular engagement with key stakeholders is an important part of our business For personal use only ERA contributing to dialogue on future options for Jabiru – ERA engaged extensively with stakeholders through the year on future options for the town once the
Slide 13: Summary
Summary For personal use only Health, safety and environment remains the number one priority ERA produced 2,294 tonnes of uranium oxide from stockpiled ore Average realised price of US$35 per pound achieved for the year Total cash resources increased by $2 million in the year to $468 million
Energy Resources of Australia — FY2017 Earnings Presentation on 6ix