Bathurst Resources Ltd · ASX:BRL
Bathurst Resources — Shareholder Meeting (November 2015)
25 slides from Bathurst Resources's shareholder meeting presentation, Nov 23, 2015
Slide 1: Annual General Meeting Company Presentation
T +64 4 499 6830 Level 12, 1 Willeston Street F +64 4 974 5218 Wellington 6011, New Zealand E wellington@bathurstresources.co.nz PO Box 5963 Lambton Quay Wellington 6145, New Zealand For personal use only 23 November 2015 Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street
Slide 2: AGM Presentation November 2015
For personal use only AGM Presentation November 2015
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and issued by Bathurst Resources Limited (“Bathurst”) to assist it in informing interested parties about the Company and its progress. It should not be considered as an offer or For personal use only invitation to subscribe for or purchase any securi
Slide 4: Capital Structure
Capital Structure As of 30 September 2015 ASX Ticker BRL For personal use only Shares on issue 954.9M Options & performance rights on issue - Market capitalisation A$14.3M Bank debt NZ$2.5 Cash & short term deposits NZ$3.5m Shareholder composition * * 70% of total holdings 3
Slide 5: Health and Safety
Health and Safety Zero Lost Time Injuries over the last 2 years For personal use only People development and training Risk management 30% of the workforce Senior management Managers Supervisors Technical staff Health and safety representatives Incident investigation and reporting
Slide 6: South Island Locations
South Island Locations For personal use only 5
Slide 7: Bathurst snapshot
Bathurst snapshot For personal use only Established coal producer 50% South Island market share Record production results in FY 15 ~400,000 tonnes Increased operating margins Unit costs down 26% on Sept Q 14 Operating cash positive Nil net debt Low cost option on coking coal 6
Slide 8: Operational Targets FY16
Operational Targets FY16 For personal use only ♦ Zero LTI previous two financial years – Target 0 FY16 ♦ Maintain positive cash flow ♦ Holcim replacement ♦ Develop North Island markets ♦ Production target 450,000 tonnes ♦ Business efficiency review ♦ Target – NZ$70/tonne, average cash cost of mining
Slide 9: Debt Reduction
Debt Reduction For personal use only Borrowings and Net Debt $16,000 $14,000 $12,000 $10,000 $8,000 $ 000'S $6,000 $4,000 $2,000 $- -$2,000 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 -$4,000 -$6,000 Borrowings Projected Amortisation Net Debt/(Cash) 8
Slide 10: Cost Reduction
Cost Reduction For personal use only Production Cost and Administration Cost 12,000 2,500 11,000 10,000 2,000 9,000 PRODUCTION COSTS $000 8,000 ADMIN COSTS $000 7,000 1,500 6,000 5,000 1,000 4,000 3,000 500 2,000 1,000 - - Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17
Slide 11: Unit Cost Reduction
Unit Cost Reduction For personal use only Production and unit costs 140,000 $120.00 120,000 $110.00 $100.00 100,000 $90.00 COST/TONNE 80,000 TONNES $80.00 60,000 $70.00 40,000 $60.00 20,000 $50.00 0 $40.00 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Coal Produ
Slide 12: North Island Markets
North Island Markets ♦ Market Analysis ♦ Total coal consumed in the NI market – 1.6 mtpa For personal use only Total NI Coal sales by Use Total NI Coal sales by Supplier 900,000 1,200,000 800,000 1,000,000 700,000 600,000 800,000 500,000 600,000 400,000 300,000 400,000 200,000 200,000 100,000 - - Ce
Slide 13: Resources - Domestic
Resources - Domestic For personal use only Measured Indicated Inferred Coal type Total Resource Area Resource Resource Resource (Mt) (Mt) (Mt) (Mt) Takitimu Thermal 1.6 1.7 1.3 4.6 New Brighton Thermal 0.0 0.7 3.5 4.2 Canterbury Coal Thermal 0.3 0.5 1.3 2.1 Total 1.9 2.9 6.1 10.9 Refer ‘Update on Re
Slide 14: Southland Footprint
Southland Footprint For personal use only 13
Slide 15: Canterbury Permit
For personal use only Canterbury Permit 14
Slide 16: Export Development Strategy
Export Development Strategy Objective - sustainable margins at current coal pricing For personal use only Key strategies - Mining cost reduction • targeting low strip areas of high quality coal • Increased productivity • revised mining plan Reduce logistics path costs • rail costs • shipping opt
Slide 17: Resources - Export
Resources - Export For personal use only Measured Resource Indicated Resource Inferred Resource Total Resource Area Coal Type (Mt) (Mt) (Mt) (Mt) Escarpment Metallurgical 3.1 2.2 1.0 6.3 Cascade Metallurgical 0.6 0.6 0.3 1.5 Deep Creek Metallurgical 6.2 3.1 1.6 10.9 Coalbrookdale Metallurgical 0.0 3
Slide 18: Broader Buller Coal Project
Broader Buller Coal Project For personal use only 17
Slide 19: Cascade and Escarpment
Cascade and Escarpment For personal use only 18
Slide 20: Escarpment Mine
For personal use only Escarpment Mine 19
Slide 21: Solid Energy Opportunities
Solid Energy Opportunities ♦ BRL is an established New Zealand coal producer For personal use only ♦ Common interest areas to Solid ♦ Existing relationships with certain key stakeholders ♦ Premium product blend ♦ Marketing opportunities ♦ Synergies with existing Solid assets ♦ Blending, infrastructu
Slide 22: Appendices
For personal use only 21 APPENDICES
Slide 23: Appendix Board of Directors
Appendix 1 Board of Directors For personal use only Toko Kapea Non-Executive Chairman Commercial lawyer and company director Richard Tacon Executive Director & CEO Over 32 years coal mining operations experience Russell Middleton Non-Executive Director Strong financial background in mining and const
Slide 24: Appendix Director Profiles
Appendix 2 Director Profiles Toko Kapea – Non-executive Chairman Toko is a Wellington based commercial lawyer, consultant and director. He is a director of Tuia Group Limited and a partner in Tuia Legal. Toko has worked at Chapman Tripp and in legal roles in-house at Meridian Energy, Bank of New Zea
Slide 25: Appendix Competent Person Statements
Appendix 3 Competent Person Statements The information in this Investor Presentation that relates to Bathurst Resources Limited’s Mineral Resources and Ore Reserves is based on information extracted from the company’s announcement ‘Update on Resources and Reserves’ released to the ASX on 30 October
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