Bci Minerals Ltd · ASX:BCI
Bci Minerals — Shareholder Meeting (November 2022)
19 slides from Bci Minerals's shareholder meeting presentation, Nov 24, 2022
Slide 1: 2022 Annual General Meeting
2022 Annual General Meeting Chairman and Managing Director Presentation 24 November 2022 bciminerals.com.au 1
Slide 2: BCI Board of Director's
BCI Board of Director’s Brian O’Donnell David Boshoff Garret Dixon Michael Blakiston NON-EXECUTIVE MANAGING NON-EXECUTIVE NON-EXECUTIVE CHAIRMAN DIRECTOR DIRECTOR DIRECTOR Richard Court Miriam Stanborough Chris Salisbury Susan Park NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE COMPANY DIRECTOR DIRECTOR
Slide 3: BCI Executive Team
BCI Executive Team David Boshoff Kerryl Bradshaw Sam Bennett MANAGING DIRECTOR CHIEF FINANCIAL CHIEF DEVELOPMENT OFFICER OFFICER Stephanie Majteles Kim Boekeman Angela Glover GENERAL COUNSEL HEAD OF PEOPLE & HEAD OF CORPORATE CULTURE AFFAIRS
Slide 4: BCI Overview
BCI OVERVIEW • BCI is building what will be one of the most sustainable, long life, naturally renewable resource mines in the world - the world scale Mardie Salt and Potash Project • We are committed to protecting the surrounding ecosystem and enhancing our local communities, while keeping our peopl
Slide 5: FY22 Year in Review
FY22 YEAR IN REVIEW A year of major achievements: • Strong earnings contribution from Iron Valley - revenue of $65.2M and EBITDA of $27.8M • Positive progress on developing Mardie • Secured key Mardie approvals and tenure to commence construction • $360M capital raise following Final Investment Deci
Slide 6: FY22 Safety and People
FY22 SAFETY AND PEOPLE 4.1 TRIFR1 (FY21: 7.3) LTI Free (7 years) 42% Female employees2 34% Female managers2 New Diversity, Equity and Inclusion Policy launched 6 1.TRIFR – Total Recordable Injury Frequency Rate: total number of injuries including medical treatment injuries (MTI), restricted work inj
Slide 7: Sustainability and ESG
SUSTAINABILITY AND ESG Sustainability is at the core of everything we do. Mardie is a green project, powered by sun and wind. Key sustainability attributes include: • Inexhaustible seawater resource • 99% of energy to be derived from solar and wind Amended access road design near Pond 2 • SOP fertil
Slide 8: FY22 Financial Performance
FY22 FINANCIAL PERFORMANCE BCI Group ($M) Iron Valley ($M) 200 200 150 150 100 • Iron Valley revenue and earnings 100 reduced on lower iron ore prices and 50 50 lower volumes shipped 0 -50 0 • Total Mardie expenditure increased FY21 FY22 FY21 FY22 from $52.1M in FY21 to $162.7M in FY22 including cap
Slide 9: Iron Valley Iron Ore Mine
IRON VALLEY IRON ORE MINE Iron Valley Shipments (M wmt) 9 • The Iron Valley Mine is operated by Mineral Resources 8 Limited (“MIN”) under an ore purchase agreement with 7 BCI 6 5 • MIN operates the mine at its cost and purchases iron 4 ore from BCI at the mine gate at a price linked to 3 MIN’s recei
Slide 10: Mardie Salt and Potash Project Expenditure
MARDIE SALT AND POTASH PROJECT EXPENDITURE • BCI has progressed design, approvals and studies and initial construction packages: Mardie Construction Expenditure o Mardie village 60 240 o Seawater intake structure o Ponds 1-5 50 200 o Marine structures o Other access and service infrastructure 40 160
Slide 11: FY22 Mardie Commodity Markets
FY22 MARDIE COMMODITY MARKETS Strong commodity prices: Salt up ~20%YoY and SOP up ~85% Imported Australia Salt Price Compared to CNSIG Index MOP Granular vs SOP Granular, FOB NW Europe 60 1800 1,400 350 1600 1,200 300 Differential (US$/t) 50 CNSIG Index 1,000 250 US$/t, FOB 1400 US$/t CIF 800 200 40
Slide 12: Introduction of New Managing Director
INTRODUCTION OF NEW MANAGING DIRECTOR David Boshoff appointed as BCI Managing Director effective 21 November 2022. The Board is delighted to have been able to attract David to BCI, and we believe his energy and experience will be of great value to the company, as we progress Mardie construction and
Slide 13: David Boshoff: Managing Director BCI
DAVID BOSHOFF: MANAGING DIRECTOR BCI • Prior experience - • Mining operation leadership roles across various commodities with P&L accountability • Large capital project execution with full safety, schedule, scope and capital cost accountability • Leadership approach - • Align a strong leadership gro
Slide 14: Mardie Salt and Potash Project Update
MARDIE SALT AND POTASH PROJECT UPDATE • Mardie Village complete – occupancy certificates received for 400-bed accommodation • Marine Structure package progressing, with overall design development 84% MARINE STRUCTURE DESIGN complete1 • Primary seawater intake station SALT PILOT PLANT 84%1 complete –
Slide 15: FY22 Mardie Salt and Potash Project
FY22 MARDIE SALT AND POTASH PROJECT Primary Seawater Intake Station • Seawater intake station approximately 84% complete1 • All six 3,000 litres/second capacity pumps installed with structural, mechanical and piping works ongoing Seawater Intake Station • Generators, fuel tanks and the switch room i
Slide 16: FY22 Mardie Salt and Potash Project
FY22 MARDIE SALT AND POTASH PROJECT Pond Construction • Pond 5 embankment trial complete • Ponds 0, 1 & 2 are nearing completion (~97% complete for bulk earthworks) with rock armour for the walls to be applied • Impending upgrade to the intersection of Mardie Road with the North-West Coastal Highway
Slide 17: FY23 Outlook
FY23 OUTLOOK FOCUS: Mardie optimisation and milestone completion Mardie Project milestones • Commissioning Primary Seawater Intake Station • Completion of Ponds 1 & 2 and Ponds 3, 4 &5 • Filling of the first Pond • Environmental Approvals for OFS footprint Mardie optimisation • Cost and design revie
Slide 18: Disclaimer
Disclaimer Not an Offer of Securities This document has been prepared by BCI Minerals Limited ABN 21 120 646 924 (“BCI”) and is provided for information purposes only. This document does not constitute or contain an offer, invitation solicitation or recommendation with respect to the purchase or sal
Slide 19: Thank you
= BCI MINERALS Thank you