Slide 1: December 2015 Half Year Results Webcast
December 2015 Half Year Results Webcast – 25 February 2016 Access this presentation at: http://webcasting.brrmedia.com/broadcast/56ba66a3c23d9659538e20af http://www.sandfire.com.au 1
Slide 2: Important Information and Disclaimer
Important Forward-Looking Statements Information and • This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purport be all inc
Slide 3: Competent Person's Statement – Exploration Results
Important Competent Person’s Statement – Exploration Results Information and • The information in this report that relates to Exploration Results is based on information compiled by Mr. Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Bamforth is a permane
Slide 4: Operating Results – 1HFY2016
Operating Results – 1HFY2016 Karl Simich – Managing Director and CEO 4
Slide 5: 1HFY2016 in Review
1HFY2016 in Review Strong and consistent production; processing enhancements; strong outlook • 1HFY2016 production: 34,280t copper and 17,305oz gold; C1 US$0.99/lb • Mining and mill throughput: 1.6Mtpa; mine development proceeding as planned on C4 and C5 with stoping commenced in C4 • C5 grade contr
Slide 6: FY2015 in Review
FY2015 in Review New VMS discovery at DeGrussa; business development; debt restructured • Increased stake in Tintina Resources (TSX-V: TAU) to 57% – developing the high-quality Black Butte Copper Project, central Montana, USA; Mine Operating Permit lodged December 2015 • Significant debt reduction –
Slide 7: Financial Results – 1HFY2016
Financial Results – 1HFY2016 Matthew Fitzgerald – Chief Financial Officer 7
Slide 8: Headline Financial Results for the Half Year Ended 31 December 2015
Headline Financial • Sales revenue of $228.3M Results for the Half Year Ended 31 • Strong cash flow from operating activities of $47.6M December 2015 ($66.2M prior to payments for exploration and evaluation expenses) Sandfire maintains strong • DeGrussa Mine segment earnings before net finance and i
Slide 9: Headline Financial Results: Interim Dividend
Headline Financial Results for the Half • Interim dividend of 2.0cps (fully franked) Year Ended 31 • Maintaining dividend stream with profitable operations despite reduced copper December 2015 price Sandfire maintains dividend Dividend 1HFY2016 1HFY2015 payments Interim dividend (cps) 2.0 (fully fra
Slide 10: Income Statement Review – Key Results
December 2015 Half Year Presentation – Headline Income Income Statement Review – Key Results ($’000) Dec 2015 Dec 2014 Sales revenue 228,322 261,772 Profit before net finance and 25,967 50,279 income tax Net finance expense (3,004) (5,407) Profit before income tax 22,963 44,872 Income tax expense (7
Slide 11: Balance Sheet Review – Assets
December 2015 Half Year Presentation Balance Sheet Review ($‘000) December 2015 June 2015 ASSETS • Cash – debt repayment, Cash and cash equivalents 51,194 107,154 exploration, dividend Trade and other receivables 12,233 9,813 payment Inventories 46,448 30,951 • Inventories – High port and Other curr
Slide 12: Balance Sheet Review – Liabilities
December 2015 Half Year Presentation Balance Sheet Review ($’000) December 2015 June 2015 • Finance facility – $45M repaid LIABILITIES during 1HFY2016, $75M Trade and other payables 38,768 39,115 remaining ($17M current, $58M Interest bearing liabilities 17,367 20,493 non-current including $50M Inco
Slide 13: Cash Flow and Dividends
December 2015 Half Year Presentation Cash Flow and Dividends 13
Slide 14: Summary and Outlook
Summary and Outlook Continued strong outlook for 2HFY2016 and beyond • Consistent, low-cost copper-gold production • 1HFY2016 performance: 34,280t Cu, 17,305oz gold at C1 US$0.99/lb • FY2016 guidance: Upper end of 65-68,000t Cu, lower end of 35-40,000oz Au at C1 lower end of US$0.95-1.05/lb • New ch
Slide 15: Contact Details: Sandfire Resources NL
Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 1, 31 Ventnor Avenue, West Perth, Western Australia 6005 T +61 8 6430 3800 F +61 8 6430 3849 www.sandfire.com.au 15