Syrah Resources Limited · ASX:SYR
Syrah Resources — Q3 2018 Earnings Presentation
13 slides from Syrah Resources's earnings presentation, Oct 11, 2018
Slide 1: Q3 2018 Quarterly Activities Report
For personal use only Q3 2018 Quarterly Activities Report Shaun Verner – Managing Director & CEO 11 October 2018
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Q3 2018 Highlights
Q3 2018 Highlights For personal use only Health and • Strong safety record continues with Total Recordable Injury Frequency Rate (TFRIFR) of 1.0 Safety • Q3 production 38.7kt, up 83% versus Q2 with 71.1kt 9M YTD • Increased recovery and production achieved via improvement plan in July and August, im
Slide 4: Health, Safety, Community and Environment
Health, Safety, Community and Environment For personal use only Focus on Health and Safety Government & Community Engagement • Strong safety record continues with TRIFR of • Mining Agreement finalised and binding 1.0 as at end Q3 • Balama direct employees, 94% Mozambican Nationals and 55% from local
Slide 5: Balama Production
Balama Production For personal use only Production Summary 9M Q3 Q2 Q3 on Q2 30 Sep 2018 30 Sep 2018 30 Jun 2018 Change Ore Mined (>9% TGC1) Tonnes (‘000) 940 408 249 64% Economic Grade Mined Tonnes (‘000) 345 133 113 18% (>2% to <9% TGC) Total Material Moved Tonnes (‘000) 1,461 563 447 26% Mill Fee
Slide 6: Balama Optimisation
Balama Optimisation For personal use only Process Plant and Operations Attrition Cells • Comprehensive production improvement plan • Fines and flake circuit attrition cells operational continues, focus areas include: August • Enabling recovery improvement • Initial assessment - significant improveme
Slide 7: Balama Targets
Balama Targets For personal use only Balama Operational Targets • Q4 production target 30kt – 35kt (previously ~63kt, refer to Primary Classifier Incident below) • FY18 production target 101kt -106kt1 • Exit production run rate and C1 cash operating costs2 range for Dec 2018 not expected to vary mat
Slide 8: Sales & Marketing
Sales & Marketing For personal use only Sales Graphite Sales and Inventory • Syrah production performance impacting Tonnes (‘000) fulfilment of existing contracts: Graphite Sold and Shipped (YTD Sep) 36 • Roll over remaining 2018 volume and prices into 2019 Sales Orders Awaiting Shipment at Nacala a
Slide 9: End use markets continue to remain strong
End use markets continue to remain strong For personal use only Electric and Plug-in car unit sales In Jan - Aug 2018, global passenger electric Ex - China China Global YoY (%, rhs) vehicle sales were just below 1.1 million (+56% thousand 160 144 147 152 151 100 YoY). China accounted for 51% of YTD
Slide 10: Battery Anode Material (BAM) Project
Battery Anode Material (BAM) Project For personal use only BAM Site Louisiana BAM Strategic Priorities • Vidalia site purchase completed in August • Focus initial production capacity at Vidalia on • Environmental processes completed qualification volumes • Major supply terms agreed • Achieve near te
Slide 11: Finance
Finance For personal use only Cash 31 Dec 2018 30 Sep 2018 (Forecast) Cash at start of period US$m 100.3 56.7 Placement net proceeds US$m 65.2 Net cash (outflows) US$m (23.6) (21.6) Cash at end of period US$m 76.7 100.3 • Completion of Institutional Placement net proceeds US$65 million in Q3 • Share
Slide 12: Summary
Summary For personal use only Syrah establishing solid foundation as only major new supplier of graphite to battery market • Strong health and safety record continues • Balama detailed improvement plan to improve graphite recoveries and production ramp up volume well underway • Potential for higher
Slide 13: Contact
Contact For personal use only For further information, please contact Investor Relations Nova Young Contact: +61 422 575 530 Email: n.young@syrahresources.com.au www.syrahresources.com.au 12 12