Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Africa Down Under (September 2022)
17 slides from Jupiter Mines's conference presentation, Sep 1, 2022
Slide 1: Africa Down Under
1 Africa Down Under 1 September 2022 JUPITER MINES LTD | jupitermines.com
Slide 2: Disclaimer
Africa Down Under | Disclaimer 2 Disclaimer This presentation is provided for information purposes only. The information in management's current expectations and beliefs and are subject to a number this presentation is in a summary form, does not propose to be complete and of factors and uncertainti
Slide 3: Overview
Africa Down Under | Overview 3 Overview 1 Jupiter is the largest manganese focussed miner on the ASX, with Jupiter Pages 4 - 8 strong cash generation since listing in 2018… 2 …benefitting from Jupiter’s 49.9% ownership of Tshipi Borwa: one Tshipi Pages 9 - 11 of the world’s premier manganese mines.
Slide 4: Largest manganese miner on the ASX…
Africa Down Under | Jupiter Mines 4 Largest manganese miner on the ASX… Test Share Price Market Cap A$0.20 3 A$392m 3 Jupiter Mines (ASX: JMS) is the largest manganese focussed miner on the ASX and one of the largest manganese mining companies in the world. Along with enduring demand from steel manu
Slide 5: …through significant ownership of the Tshipi Borwa mine in South Africa…
Africa Down Under | Jupiter Mines 5 …through significant ownership of the Tshipi Borwa mine in South Africa… Tshipi Effective Ownership Structure Top Jupiter Shareholders 49.9% Retail + Other, Ntsimbintle, 21% 26% 37.1% AMCI (& Related), 18% Institutional, 29% 13.0% Jupiter owns 49.9% of the Tshipi
Slide 6: …which is one of the world's most reliable and efficient manganese mines…
Africa Down Under | Jupiter Mines 6 …which is one of the world’s most reliable and efficient manganese mines… Tshipi Production (LHS) & Production Costs (RHS) Mining Cost ($US/dmtu) Mined Ore (Mtpa) 4.0 $2.30 3.5 Production , $2.20 3.0 3.7 $2.10 2.5 2.0 $2.00 1.5 $1.90 1. Very reliable production (a
Slide 7: …with substantial and resilient cash generation through the cycle…
Africa Down Under | Jupiter Mines 7 …with substantial and resilient cash generation through the cycle… EBITDA vs Mn Price (FOB, 37%) $700 $7.00 EBITDA ($AM) Mn Price (FOB) $5.83 $600 Mn Price (4 Yr $6.00 $500 Ave), $4.23 $5.00 $400 $4.18 $4.00 $300 $580 $3.83 Mn Price, $3.00 1. Significant positive
Slide 8: …which has enabled Jupiter to pay a 14% dividend yield since IPO.
Africa Down Under | Jupiter Mines 8 …which has enabled Jupiter to pay a 14% dividend yield since IPO. Jupiter Dividends vs % of current market cap Dividends Paid (A$m) $350 90% % of CUrrent Market Cap 82% $300 80% 70% $250 60% $200 50% $150 40% 30% $100 20% $50 10% 1. Average dividend yield of 14% $
Slide 9: Tshipi is one of the world's best manganese mines…
Africa Down Under | Tshipi Borwa Mine 9 Tshipi is one of the world’s best manganese mines… • World Class Scale: 4th largest manganese mine in the world • Profitable through the Cycle: amongst the lowest cost Mn mines • Longevity: 100+ years of mine life at current production rates • Stable, Well Est
Slide 10: …located in manganese heartland.
Africa Down Under | Tshipi Borwa Mine 10 …located in manganese heartland. • Tshipi Borwa (“Tshipi”) is located in the Kalahari Manganese Field • The Kalahari Manganese Field (“KMF”) is the world’s premier manganese mining district. The successful development of the KMF in the last 20 years has lead
Slide 11: Tshipi is well run, nonstop… and Empowered.
Africa Down Under | Tshipi Borwa Mine 11 Tshipi is well run, nonstop… Total Recordable Injury Rate 5.00 4.30 (per million man hours) 3.70 • World class safety and operational performance 4.00 • In 10 years of operation, since inception: 3.00 2.25 o Zero fatalities 2.00 0.95 o Zero mining disruptions
Slide 12: Manganese demand will grow, providing opportunities in steel and EV battery markets…
Africa Down Under | Manganese Market 12 Manganese demand will grow, providing opportunities in steel and EV battery markets… % of Mn 20 Year Growth Margin/Volume Market Opportunity for JMS Demand Today Outlook Current Market (Leading Incumbent) Position ~ 0.5% - 0.6% Metallurgical CAGR Strong margin
Slide 13: …which Tshipi is well positioned for, given its status as one of the world's largest and lowest cost mines
Africa Down Under | Manganese Market 13 …which Tshipi is well positioned for, given its status as one of the world’s largest and lowest cost mines, with 100+ years of mine life remaining… ...and is one of the world's most cost efficient Mn mines. (All Mn mines, ranked by production costs, US$/dmtu)
Slide 14: …providing a supportive backdrop to Jupiter's overall suite of growth options.
Africa Down Under | Jupiter Growth Options 14 …providing a supportive backdrop to Jupiter’s overall suite of growth options. Major Mines in the KMF Jupiter has a range of organic and inorganic opportunities to grow. # These options include M&A in the Kalahari Manganese Field (“KMF”), where 80% of th
Slide 15: Share Price Performance
Africa Down Under | Jupiter Share Price Performance 15 Jupiter’s share price is currently near 4 year lows, while the manganese price is 25% above 4 year low levels. Jupiter Share Price (Blue Line, LHS) vs Manganese Price (Gold Line, RHS) $0.45 $8.00 $0.40 $7.00 JMS, $0.27 $0.35 1. Current JMS share
Slide 16: Investment Highlights Summary
Africa Down Under | Investment Highlights Summary 16 Investment Highlights Summary 1 Jupiter Strong strategic stakeholder and asset backing. Very strong cash generation 2 One of the world’s premier manganese mines: long life, low risk, low cost, top 5 global Tshipi producer 3 Favourable outlook – co
Slide 17: For more information contact
17 For more information contact: investorrelations@jupitermines.com JUPITER MINES LTD | jupitermines.com