Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Q2 2024 Earnings Presentation
16 slides from Triple Flag Precious Metals's earnings presentation, Aug 8, 2024
Slide 1: Q2 2024 Results Presentation
Q2 2024 RESULTS PRESENTATION August 8, 2024 TSX:TFPM | NYSE:TFPM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
Q2 2024 PRESENTERS Shaun Usmar Sheldon Vanderkooy James Dendle CEO and Director CFO SVP, Corporate Development TSX:TFPM | NYSE:TFPM Shaun Usmar, CEO and Director 3
Slide 4: Triple Flag Q2 2024
Q2 2024 TRIPLE FLAG Q2 2024 27 koz GEOs in Q2 – on track to achieve 2024 guidance of 105-115 koz 1 $53M Adjusted EBITDA 1 $49M operating cash flow Northparkes delivering significant GEOs growth and demonstrating value across multiple mining fronts E48 SLC development provides near term hig
Slide 5: Q2 2024 Financials
Q2 2024 Q2 2024 FINANCIALS $ thousands, except GEOs, per share metrics, and asset margin Q2 2024 Q2 2023 Gold Equivalent Ounces (GEOs) 1,2 27,192 26,616 Revenue $63,581 $52,591 Net Earnings ($111,437) $16,034 EPS ($0.55) $0.08 Adjusted Net Earnings 2 $26,302 $18,556 GEOs up 2% Adjusted EPS 2 $0.13 $
Slide 6: GEOs Growth and Track Record
Q2 2024 GEOs Growth and Track Record 135-145 GEOs koz 2028E Outlook 105-115 GEOs koz 135 – 145 koz GEOs 1 100+ Assets in Various Stages of Development 105 + Northparkes E48 SLC Gold Equivalent Ounces (koz) + ATO Phase II production 84 85 + Gunnison / JCM first Nuton copper production at JCM during 2
Slide 7: Pure Play Precious Metals
Q2 2024 PURE PLAY PRECIOUS METALS Asset Commodity Geography Q2 2024 Revenue Q2 2024 Revenue Q2 2024 Revenue Diversified 100% Precious 88% Australia revenue Metals and Americas Cerro Lindo 32% Gold 59% Latin America 37% Northparkes 24% Silver 41% Australia 36% Buritica 5% North America 15% Beta Hunt
Slide 8: Strong Cash Flow Record H1 Performance
Q2 2024 STRONG CASH FLOW Record H1 Performance Operating Cash Flow and Net Earnings and Gross Profit Margin and Free Cash Flow 1 Adjusted EBITDA 2 Asset Margin 3 (US$M) (US$M) (% of revenue) $163 $181 $154 92% 91% 91% 90% 91% $161 89% 87% 91% $123 $118 $120 $118 $96 55% 57% 50% 51% $84 $56 $55 44% $
Slide 9: Northparkes Mine Plan Update
Q2 2024 NORTHPARKES Mine Plan Update Site Overview 1 High-grade E31 open pits continuing strong contributions with 0.34 g/t milled in Q2 E48 SLC (0.41 g/t Au reserve grade) introduced into mining sequence in 2025 E22 block cave FS completed. SLC and hybrid option studies expected in 2025 1) Source:
Slide 10: Agbaou / Bonikro 3% Gold Streams
Q2 2024 AGBAOU / BONIKRO 3% Gold Streams Stream Terms Agbaou Cote d’Ivoire Upfront Deposit $53M 3% on Agbaou 1 Gold Stream Rate 3% on Bonikro 2 Ongoing Payment 10% of spot Minimum stream deliveries from 2024 to 2027 under each of the streams: Minimum Deliveries ~2.50 - 2.75 koz annually for Agbaou
Slide 11: Agbaou / Bonikro 3% Gold Streams
Q2 2024 AGBAOU / BONIKRO 3% Gold Streams Stream payback period within 4 years at current gold prices Exposure to mine life extension and significant exploration upside Experienced operator with proven value creation from exploration initiatives and synergy potential at Agbaou and Bonikro Allie
Slide 12: Triple Flag Overview
Q2 2024 TRIPLE FLAG OVERVIEW Track record, continued organic growth and firepower to grow value Leading Sustainability $2.9B 105-115 koz 135-145 koz Ratings 2024E GEOs 2028E GEOs Market Cap 1 Guidance 2 Outlook 2 Leading Insider 236 Assets $0.22/sh ~$700M Ownership and Alignment 32 Producing Assets
Slide 13: Q&A
Buritica Q&A TSX:TFPM | NYSE:TFPM 13
Slide 14: Summary
SUMMARY DISCIPLINED AND DIVERSIFIED, QUALITY, ROBUST CASH FLOW AND PRECIOUS METALS PURE PLAY PORTFOLIO EMBEDDED GROWTH FOCUSED FOCUSED ON GROWING MANAGEMENT AND POSITIONED FOR CASH FLOW AND ASSET SHAREHOLDER PREMIUM VALUATION VALUE PER SHARE ALIGNMENT Eskay Creek TSX:TFPM | NYSE:TFPM 14
Slide 15: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure that is based on stream and royalty interests and calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is determ
Slide 16: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) Adjusted EBITDA Three months ended Six months ended Three months ended Six months ended June 30 June 30 June 30 June 30 ($ thousands) 2024 2023 2024 2023 ($ thousands, except average gold price and GEOs information) 2024 2023 2
Triple Flag Precious Metals Corp. Common Shares — Q2 2024 Earnings Presentation on 6ix