Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — Q1 FY2022 Earnings Presentation
20 slides from Fortress Minerals's earnings presentation, 2021
Slide 1: Fortress Minerals Limited Results Presentation for 1Q FY2022
Fortress Minerals Limited Results Presentation for 1Q FY2022 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Fortress Overview
01 Fortress Overview | — Sa a 2S. | | = Fra : \ wan \ Se
Slide 4: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 200 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore.
Slide 5: Corporate achievements
Corporate achievements FY2021 FY2020 FY2018 ACQUISITION OF FORTRESS MENGAPUR FY2017 FIRST IRON ORE COMPANY FY2016 COMMERCIAL LISTED ON SGX-ST COMPLETION OF JORC PRODUCTION LAUNCH DRILLING CAMPAIGN • S$15.0 million in gross proceeds AWARDED BUKIT BESI • Gross consideration of were raised MINING RIGHT
Slide 6: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 7: Our strategic assets
02 Our strategic assets Mining project overview
Slide 8: At a glance: Mining assets of Fortress Minerals
At a glance: Mining assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases by two subsidiar
Slide 9: Bukit Besi Mine strategic location supported with good infrastructure
Bukit Besi Mine Strategic location supported with good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman P
Slide 10: Bukit Besi Mineral Resource – A closer look
Bukit Besi Mineral Resource – A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * 45.90% 42.31% 43.25% 41.7% Fe WAG ^ Fe Fe Fe 7.18 In million tonnes 6.18 0.96 5.77 5.41 1.18 0.77 1.13 Bukit Besi’s 3.61 Operation 2.24 1.36 Site 3.58 East (Inferred) Valley (Inferred) 2.55 2.
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Bk Besi 526.2ha Magnetite iron ore 14.77 Million Tonnes – Sri Jaya 172 km 10.72 (Inferr
Slide 12: Financial Results
03 Financial Results
Slide 13: Maintaining strong growth momentum for 1Q FY2022
Maintaining strong growth momentum for 1Q FY2022 Strong operational performance delivering superior returns Financial Revenue Margin Earnings performance US$ 17.3 Million 80.5 % US$ 10.3 Million Gross Revenue 143.8% Gross Profit Margin 9.4ppt Underlying EBITDA 188.0% Balance sheet Operating cash flo
Slide 14: Financial highlights
Financial highlights US$ million Revenue Record underlying earnings deliver strong operating cash flow 45.0 40.0 47.7 Financial metrics 1Q 1Q 1Q Full year 35.0 36.2% 30.0 US$’ million FY2020 FY2021 FY2022 2021 25.0 20.0 + 143.8% of FY21 15.0 + 21.4% 17.3 10.0 5.8 Revenue 7.1 5.8 7.1 17.3 47.7 5.0 -
Slide 15: Robust gross profit margin
Robust gross profit margin Driven by record volume and higher realised price GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 20.0 80.5% 100 .0% 71.1% 95. 0% 68.6% 90. 0% 85. 0% 80. 0% 75. 0% 70. 0% 65. 0% 60. 0% 55. 0% 50. 0% 45. 0% Strength in RM + 175.7% 40. 0% 35. 0% 30.
Slide 16: Historical performance: A quick glance
Financial Historical performance Financial A quick glance Results 16
Slide 17: Outlook and Future Plans
| Outlook — ali and Future Plans
Slide 18: Operations returned to normalcy
Operations returned to normalcy Focus on growth and safety to continue delivering superior returns and value • The Malaysian government announced the implementation of the Phase 1 Full Movement Control Order (“FMCO”, also known as “Total Lockdown”) nationwide from 1 June 2021 to 14 June 2021 and whi
Slide 19: Robust pricing environment supported by strong demand
Robust pricing environment supported by strong demand Monthly Average Platts Iron Ore Market Rate World Crude Steel Production * World Steel Association: May 2021 crude steel production US$/dmt 300.00 250.00 200.00 150.00 100.00 50.00 - Dec-20 Jan Jan-21 21 Jan-21 Feb Feb-21 21 Mar-21 Mar 21 Mar-21
Slide 20: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 8 Robinson Road #03-00 ASO Building Singapore 048544 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 56