Gold Royalty Corp. · AMEX:GROY
Gold Royalty — Q3 2024 Earnings Presentation
11 slides from Gold Royalty's earnings presentation, Nov 5, 2024
Slide 1: Third Quarter 2024 Results
Third Quarter 2024 Results November 5, 2024 goldroyalty.com / NYSE: GROY
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements The information contained herein includes “forward-looking information” and “forward-looking statements” within the meaning of generally has limited or no ability to verify such information. Although the Company does not have any knowle
Slide 3: Today's Speakers
Today’s Speakers David Garofalo Andrew Gubbels Jackie Przybylowski Chairman, CEO and President Chief Financial Officer Vice President, Capital Markets goldroyalty.com / NYSE: GROY 3
Slide 4: 2024 Third Quarter Highlights
2024 Third Quarter Highlights Record YTD Revenue and Positive Guidance Reiterated with a Strong Key Assets Ramping up to Targeted YTD Operating Cash Flow Fourth Quarter Expected Capacity ▪ Quarterly Total Revenue, Land Agreement ▪ On track to deliver upon annual guidance of $13 ▪ Côté Gold Mine on t
Slide 5: 2024 Guidance Maintained
2024 Guidance Maintained Strong Fourth Quarter Expected to Meaningfully Contribute to 2024 Revenue Total Revenue, Land Agreement Proceeds and Interest1 (US$M) $13.0M-$14.0M Fourth Quarter $4.0-5.0M ~160% $5.2M YTD: $9.0M Q1: $4.2M Q2: $2.2M Q3: $2.6M 2023A 2024 Pro-Forma 1) Total Revenue, Land Agree
Slide 6: Vares and Côté Ramping Up
Vares and Côté Ramping Up Operators Targeting Near Full Capacity by the End of 2024 Vares1 – 100% Copper Stream Operator: Adriatic Metals Location: Bosnia and Herzegovina Asset Stage: Cash Flowing Status: Ramping Up • 63,100 tonnes ore mined in the third quarter of 2024 (9,513t in H1/24) • Ramp up t
Slide 7: Portfolio Update
Portfolio Update 2024 Third Quarter - Key Asset Developments Odyssey1 REN2 Borborema3 • Significant exploration drilling at Odyssey North & • Drilling continues to grow inferred resources in • Construction 40% complete as of July 2024, Odyssey South showcasing the potential to add significantly shea
Slide 8: Cash Flow Inflection
Cash Flow Inflection Scenario Analysis Shows Strong Revenues at a Range of Potential Gold Prices Analysts are anticipating strong production growth which translates to meaningful inflection at current gold price $90M 90,000 Scalable business model: LTM cash $80M 80,000 operating expenses* of ($7.9M)
Slide 9: Gold Royalty Moving Forward
Gold Royalty Moving Forward High Quality Growth Pipeline Exploration Advanced Exploration Development Cash Flowing Trenton Canyon Whistler Tuscarora Nutmeg Mountain Odyssey Vares White Rock War Eagle Cheechoo REN NPI REN NSR Côté Gold Ducros Sill Red Lake Project Gold Rock Midway Borborema Fenelon S
Slide 10: Portfolio Update: Key Upcoming Catalysts
Portfolio Update Key Upcoming Catalysts • Borborema – Initial production in Q1/25 • Côté Gold – 90% of mill throughput to be achieved exiting 2024 Near-term • Vares – Commercial production on track for Q4/24 (~6 months) • County Line – Initial production • Granite Creek – Targeted to ramp up product
Slide 11: Why Invest in Gold Royalty?
Why Invest in Gold Royalty? • Free Cash Flow Inflection • Recent acquisitions provide significant near-term revenue and cash flow • Development of projects within GROY portfolio provide near-term growth at no additional cost • Strengthening revenues and continuous positive FCF provide increased near