St. Barbara Ltd. · ASX:SBM
St. Barbara — Deutsche Bank dbAccess Australia Gold Corporate Day 2013
28 slides from St. Barbara's conference presentation, Sep 19, 2013
Slide 1: Presentation to Deutsche Bank dbAccess Gold Corporate Day
ASX Release / 19 September 2013 For personal use only Presentation to Deutsche Bank dbAccess Gold Corporate Day Attached is a presentation being given today to the Deutsche Bank dbAccess Australia Gold Corporate Day in Sydney. Ross Kennedy Executive General Manager Corporate Services Company Secreta
Slide 2: dbAccess Australia Gold Corporate Day
ROSS KENNEDY, EGM CORPORATE SERVICES / 19 September 2013 For personal use only dbAccess Australia Gold Corporate Day
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, s
Slide 4: Outline
Outline For personal use only ˃ St Barbara at a glance ˃ Diversified Gold Operations ˃ Gwalia & King of the Hills, WA ˃ Simberi, Papua New Guinea ˃ Gold Ridge, Solomon Islands ˃ Exploration ˃ FY 14 Guidance ˃ What distinguishes St Barbara ˃ Appendices 3/ dbAccess Australia Gold Corporate Day / 19 Se
Slide 5: St Barbara at a glance
St Barbara at a glance For personal use only ˃ Australian based gold producer and explorer ˃ ASX Top 200 1 A$293 million market cap 1 ˃ Established gold operations Western Australia Papua New Guinea Solomon Islands ˃ Production FY13 365 koz FY14F Guidance 395 – 445 koz ˃ Balance sheet 2 Cash 3 A$129
Slide 6: Operations: lifting productivity, reducing costs
Operations: lifting productivity, reducing costs For personal use only 5/ dbAccess Australia Gold Corporate Day / 19 September 2013
Slide 7: Established operations, increasing gold production
Established operations, increasing gold production Reserves 5.2 Moz 1 For personal use only Resources 13.2 Moz 1 Simberi PNG Simberi • Low strip open pit mine S.I. • FY14F production: Leonora Gold Ridge 85 - 100 koz • High grade underground • Near mine targets for Gwalia mine exploration • Gwalia FY
Slide 8: Gwalia Mine, Leonora, WA – cornerstone asset
Gwalia Mine, Leonora, WA – cornerstone asset FY14 guidance For personal use only ˃ production 180 – 195 koz ˃ capex A$45 – 50M ˃ cash operating cost1 A$720 – 750/oz High average grade underpins margins Reliable annual production 8.8 200 8.2 175 6.3 150 5.7 125 100 75 50 25 0 FY10 FY11 FY12 FY13 FY 1
Slide 9: Simberi Operations, Papua New Guinea
Simberi Operations, Papua New Guinea For personal use only Expected increase in FY14 ˃ FY14 guidance includes benefit production from plant expansion of processing capacity 120 increased from 2.0 Mtpa to 100 3.5 Mtpa 80 ˃ Oxide plant expansion 60 complete, with commissioning 40 pending final approva
Slide 10: Gold Ridge, Solomon Islands
Gold Ridge, Solomon Islands For personal use only Expected increase in FY14 production from improved operating performance ˃ FY14 guidance includes 100 improvements to plant front end 80 designed to lift processing 60 throughput volumes ˃ Mill recoveries improving from 40 better blending 20 ˃ Gold r
Slide 11: Exploration
Exploration For personal use only 10 / dbAccess Australia Gold Corporate Day / 19 September 2013
Slide 12: Exploration: FY14 focus on adding to near mine reserves
Exploration: FY14 focus on adding to near mine reserves Exploration spend FY14F $20-25M For personal use only ≈ 40% in Australia Tabar Island Group ≈ 60% in Pacific Operations (inc. Simberi) > Active drilling programs Simberi PNG > Ore bodies open S.I. > Near mine targets for exploration Gold Ridge
Slide 13: Company is well capitalised
Company is well capitalised Senior Secured Note issue for US$250 million completed March 2013: For personal use only ˃ 5 year term (no amortisation) ˃ Coupon 8.875% p.a. ˃ Terms provide flexibility ˃ Syndicated bank debt facilities repaid (Red Kite gold loan remains) At 30 June 2013: ˃ A$129 million
Slide 14: FY14 Production Guidance
FY14 Production Guidance ˃ Consolidated FY14 gold production guidance (details in appendix): For personal use only ˃ 395,000 to 445,000 ounces ˃ Consolidated cash operating cost1 of between A$880-A$940 per ounce ˃ Gwalia mine remains the cornerstone asset: ˃ Expected to generate significant cash in
Slide 15: What distinguishes St Barbara in the gold sector
What distinguishes St Barbara in the gold sector ˃ Established and growing gold production from operations in three For personal use only countries ˃ Large, long life reserve base, all current mines remain open at depth ˃ Encouraging exploration results at Simberi and Gold Ridge 1 enhance our positi
Slide 16: Appendices
Appendices For personal use only 15 / dbAccess Australia Gold Corporate Day / 19 September 2013
Slide 17: FY14 Guidance
FY14 Guidance For personal use only Gold production Cash operating Capex cost1 koz A$/oz A$M Gwalia 180 – 195 720 – 750 45 – 50 King of the Hills 55 – 60 1,040 – 1,090 12 – 15 Gold Ridge 75 – 90 1,100 – 1,190 14 – 18 Simberi 85 – 100 900 – 990 20 – 25 Total 395 – 445 880 – 940 91 – 108 Exploration e
Slide 18: FY13 St Barbara Attributable Gold Production
FY13 St Barbara Attributable Gold Production Production Summary: Consolidated For personal use only Sep Qtr FY13 Dec Qtr FY13 Mar Qtr FY13 Jun Qtr FY13 FY13 ˃ Gwalia oz 34,293 43,745 40,772 64,307 183,116 ˃ King of the Hills oz 15,935 12,709 16,940 12,893 58,477 Production1 ˃ Southern Cross oz 19,17
Slide 19: Strong institutional share register
Strong institutional share register Top 100 Shareholding Structure For personal use only UK, 31% Private 8% USA, 28% Unallocated / not analysed 10% Australia, 22% Europe, 5% Institutions Asia, 2% 82% Other / not analysed, 12% Analysis and geographic spread of Top 100 Shareholders as at 15 August 201
Slide 20: Wide broker coverage
Wide broker coverage For personal use only Significant Shareholders 1 Broker Research Coverage M&G Investment Mgt 19% Argonaut Securities Troy Irvin Van Eck Associates 8% Baillieu Holst Sophie Spartalis Bell Potter Stephen Thomas Baker Steel Capital Managers 7% Canaccord Luke Smith Franklin Resource
Slide 21: Board of Directors: Chairman and MD & CEO
Board of Directors: Chairman and MD & CEO For personal use only S J Colin Wise Timothy J Lehany Chairman – Non Executive Managing Director & CEO Mr Wise is an experienced corporate lawyer, consultant and Mr Lehany joined St Barbara in 2009, and has over 25 company director with significant expertise
Slide 22: Board of Directors: Non Executive Directors
Board of Directors: Non Executive Directors For personal use only Douglas W Bailey Phillip C Lockyer Director– Non Executive Director– Non Executive Mr Bailey was the Chief Financial Officer of Woodside Mr Lockyer is an experienced mining engineer and Petroleum Ltd between 2002 and 2004 and previous
Slide 23: Respected Management Team
Respected Management Team Performance and values based culture Tim Lehany Ross Kennedy Managing Director & CEO Executive General Manager Corporate For personal use only Tim joined St Barbara in 2009, and has over 25 years extensive Services/ Company Secretary operating experience with a number of mi
Slide 24: Mineral Resources Summary as at June 2013
Mineral Resources Summary as at 30 June 2013 For personal use only Category Measured Indicated Inferred Total Region Project Tonnes (k) Au g/t k oz Tonnes (k) Au g/t k oz Tonnes (k) Au g/t k oz Tonnes (k) Au g/t k oz Leonora Gwalia Deeps 5,521 6.1 1,088 7,422 9.9 2,362 1,467 7.2 341 14,410 8.2 3,791
Slide 25: Ore Reserves Summary as at June 2013
Ore Reserves Summary as at 30 June 2013 For personal use only Category Proved Probable Total Region Project kt Au g/t koz kt Au g/t koz kt Au g/t koz Leonora Southern Cross - - - - - - - - - Gwalia Deeps 1,670 8 424 4,900 8.4 1,330 6,570 8.3 1,754 Tower Hill 2,572 3.7 306 2,572 3.7 306 King of the H
Slide 26: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Mr Phillip Uttley, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Uttley is a full-time emplo
Slide 27: Non-IFRS Measures
Non-IFRS Measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass
Slide 28: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Ross Kennedy Executive General Manager Corporate Services E: ross.kennedy@stbarbara.com.au Rowan Cole General Manager Corporate Services E: rowan.cole@stbarbara.com.au T: +61 3 8660 1900 27 / dbAccess Australia Gold Corporate Day / 19 September 2013
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