Metalla Royalty & Streaming Ltd. · TSXV:MTA
Metalla Royalty & Streaming — Investor Presentation (February 2021)
22 slides from Metalla Royalty & Streaming's investor presentation, February 2021
Slide 1: February 2021 Corporate Presentation
FEBRUARY 2021 NYSE & TSXV:MTA | WWW.METALLAROYALTY.COM
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking ter
Slide 3: The Key Points
THE KEY POINTS JUNIOR ROYALTY COMPANY DELIVERING GROWTH ü Experienced Management Team with Proven, Relevant and Global Track Record ü Most Active Royalty Company as Measured by Material Acquisitions ü Industry-Leading Growth With One Of The Most Robust Pipelines ü Consistent Acquisitions Below Marke
Slide 4: The Business Strategy
THE BUSINESS STRATEGY SECONDARY MARKET OF ROYALTIES ON HIGH-QUALITY OPERATIONS IS THE KEY TO OUR SUCCESS BENEFITS FOR METALLA BENEFITS FOR 3RD PARTY • Partner with strong counter- • Monetize royalty asset by parties with operational sale to Metalla for cash experience and strong and shares balance s
Slide 5: The Track Record
THE TRACK RECORD Inclusion $18.00 Amends into the and GDXJ 20 62 $110M expands Acquires Beedie $16.00 2.5% on Facility by extensions of $20M Royalties/Streams Transactions Capital Deployed Kirkland’s Acquired Fosterville $14.00 Mine Acquisition of Royalty on Coeur’s Wharf Mine $12.00 Acquires gold A
Slide 6: The Outperformance
THE OUTPERFORMANCE METALLA HAS CONSISTENTLY OUTPERFORMED ITS PEERS SINCE INCEPTION 130% Metalla Maverix Franco-Nevada Sandstorm Osisko Wheaton Precious Royal Gold 110% 90% 70% 50% 30% 10% -10% -30% -50% May-20 Aug-20 Jul-20 Sep-20 Dec-20 Jan-20 Apr-20 Jan-21 Nov-20 Feb-20 Mar-20 Jun-20 Feb-21 Oct-20
Slide 7: Actively Expanding Pipeline
ACTIVELY EXPANDING PIPELINE METALLA HAS COMPLETED MORE DEALS THAN ITS PEERS SINCE INCEPTION (Sept 2016) 20 15 11 10 10 7 4 3 Wheaton Royal Gold Sandstorm Avg (exlc. Maverix Osisko Franco Metalla Precious MTA) Nevada Metalla Royalty & Streaming | February 2021 7
Slide 8: Actively Expanding Pipeline
ACTIVELY EXPANDING PIPELINE GREW PORTFOLIO TO 62 ASSETS THROUGH 20 TRANSACTIONS 62 2020 Production 51 Grown Portfolio to 62 Assets Since Inception 48 46 46 Development 45 43 24 23 20 18 17 17 17 Exploration 13 10 5 1 0 Q2 2016 Q4 2020 Metalla Royalty & Streaming | February 2021 8
Slide 9: Exposure to Top Mining Jurisdictions
EXPOSURE TO TOP MINING JURISDICTIONS 5 Production Assets 20 Development Assets 37 Exploration Assets Metalla Royalty & Streaming | February 2021 9
Slide 10: The Capital Structure
THE CAPITAL STRUCTURE Supportive Shareholders Basic Shares Outstanding 40.5 Warrants 0.0 Options (W Avg $3.93) 2.6 Exchange Traded Funds Fully Diluted 43.1 Market Capitalization $522 ($12.90 share price, Feb 12, 2021) Cash $6.5 Convertible Debt $1.0 Facility Available $20.0 Analyst Coverage Metalla
Slide 11: Industry Leading Growth
INDUSTRY LEADING GROWTH EXPANSIVE DEVELOPMENT PORTFOLIO WITH TOP OPERATORS In Production Near Term Mid – Long Term Wharf Mine Higginsville Fifteen Mile Stream Santa Gertrudis Cortez Trend Wasamac Joaquin / COSE Mine New Luika Gold Mine El Realito Endeavor Mine Fosterville Hoyle Pond Extension 50+ OT
Slide 12: Key Assets
KEY ASSETS Fosterville Santa Gertrudis Bendigo, Victoria, Australia Sonora, Mexico Metal Exposure: Gold Metal Exposure: Gold 2.5% NSR 2% NSR Immediately on trend to the north and south Victoria’s largest gold mine Two major discoveries at Amelia and Espiritu Santo Kirkland Lakes gold mine produced 6
Slide 13: Key Assets
KEY ASSETS Wharf Higginsville Lead, South Dakota Kalgoorlie, Western Australia Metal Exposure: Gold Metal Exposure: Gold Price participation - 27.5% * (spot - A$1,340), first 1% NSR 2.5Koz per quarter, until 34Koz delivered 2020 guidance for 90-95Koz with ~50% of the Stable cash flow from a tier one
Slide 14: Key Assets
KEY ASSETS Fifteen Mile Stream Joaquin Mine/COSE Nova Scotia, Canada Santa Cruz, Argentina Metal Exposure: Gold Metal Exposure: Silver, Gold 1% & 3% NSR 2% NSR & 1.5% NSR Annual Production: 4 Moz Ag, 2 Koz Au / 2Moz Ag, Two new discoveries at Seloam Brook and 149 42 Koz Au Estimated production of ~9
Slide 15: Key Assets
KEY ASSETS Anglo/Zeke & Pine Valley El Realito Mine Cortez Trend, Nevada Sonora, Mexico Metal Exposure: Gold Metal Exposure: Gold, Silver 0.5% & 3.0% NSR 2% NSR Covers a portion of Goldrush South and 190 sq. Budgeted 17,000m of drilling at La India for 2020 kilometres of the Cortez Trend Cortez prod
Slide 16: Key Assets
KEY ASSETS Endeavor Mine Wasamac Mine NSW, Australia Rouyn-Noranda, Quebec Metal Exposure: Silver Metal Exposure: Gold 100% Silver Stream 1.5% NSR Current focus on discovery at Deep Zinc Lode, Resources: 2P – 1.8 Moz Au, MI&I – 2.5 Moz Au Tailings Steady production since 1983, recent discovery of de
Slide 17: The Case for Investment
THE CASE FOR INVESTMENT Metalla currently trades at a discount to its peers(1) STRONG VALUE PROPOSITION despite a higher growth rate and more generous dividend distribution policy Portfolio includes stable operations and development ORGANIC GROWTH projects backed by strong counterparties Experienced
Slide 18: Appendix
APPENDIX MTA I X9CP www.metallaroyalty.com I info@metallaroyalty.com Phone: +1 (604) 696-0741 Suite 501 - 543 Granville Street, Vancouver, BC V6C 1X8 Canada TSXV:MTA
Slide 19: Leadership
LEADERSHIP BOARD OF DIRECTORS MANAGEMENT/ADVISORS Lawrence Roulston Brett Heath Non – Executive Chairman President and CEO, Director Mining professional and geologist with over 35 years of diverse hands-on Founder of Metalla – Mr. Heath is a metals and mining industry professional experience. with 1
Slide 20: Production & Development Portfolio
PRODUCTION & DEVELOPMENT PORTFOLIO Property Operator Location Stage Metal Terms Wharf Mine Coeur Mining South Dakota, USA Production Au 1.0% NSR Royalty Price participation - 27.5% * (spot - A$1,340), first 2.5Koz per Higginsville Karora Western Australia Production Au quarter, until 34Koz delivered
Slide 21: Exploration Portfolio
EXPLORATION PORTFOLIO Property Operator Location Stage Metal Terms Kirkland-Hudson Kirkland Lake Gold Kirkland Lake, Ontario Exploration Au 2.0% NSR Hot Pot / Kelly Creek Nevada Exploration Humbolt, NV Exploration Au 1.5% NSR Orion Minera Frisco Nayarit, Mexico Exploration Au, Ag 2.75% NSR Big Islan
Slide 22: Notes
NOTES (1) Project data source from Karora Resources’ news release filed on August 10, 2020 and Karora Resources Annual Information Form December 31, 2019 and filed on its website at www.karoraresources.com (2) Project data source from Kirkland Lake Gold’s news release filed on December 3, 2019 and K
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