Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Q1 2024 Earnings Presentation
13 slides from Triple Flag Precious Metals's earnings presentation, May 8, 2024
Slide 1: Q1 2024 Results Presentation
Q1 2024 RESULTS PRESENTATION May 8, 2024 TSX:TFPM | NYSE:TFPM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
Q1 2024 PRESENTERS Shaun Usmar Sheldon Vanderkooy James Lill CEO and Director CFO Director, Mining TSX:TFPM | NYSE:TFPM Shaun Usmar, CEO and Director 3
Slide 4: Triple Flag Q1 2024
Q1 2024 TRIPLE FLAG Q1 2024 Record quarterly GEOs and financial results 1 28 koz GEOs; on track to achieve 2024 guidance of 105 to 115 koz $58M revenue $48M Adjusted EBITDA 1 Northparkes delivered meaningful growth in Q1 GEOs increased nearly 90% quarter-on-quarter to 6.3 koz 1 High-gr
Slide 5: Q1 2024 Financials
Q1 2024 Q1 2024 FINANCIALS $ thousands, except GEOs, per share metrics, and asset margin Q1 2024 Q1 2023 Gold Equivalent Ounces (GEOs) 1,2 27,794 26,599 Revenue $57,528 $50,269 Net Earnings $17,424 $16,534 EPS $0.09 $0.09 GEOs up 4% Adjusted Net Earnings 2 $23,203 $15,284 Revenue up 14% Adjusted EPS
Slide 6: Pure Play Precious Metals
Q1 2024 PURE PLAY PRECIOUS METALS Asset Commodity Geography Q1 2024 Revenue Q1 2024 Revenue Q1 2024 Revenue Diversified 98% Precious 89% Australia revenue Metals and Americas Cerro Lindo 24% Gold 64% Australia 35% Northparkes 23% Silver 34% Latin America 28% Kensington 8% Other 2% North America 26%
Slide 7: Northparkes
Q1 2024 NORTHPARKES 54% Gold and 80% Silver Stream Milled Head Grades 0.28 Gold (g/t) 0.28 2024 gold grades benefiting from E31 open pits 0.17 Northparkes delivered 0.16 6.3 koz GEOs in Q1 0.13 2021 2022 2023 Q1 2024 TSX:TFPM | NYSE:TFPM Shaun Usmar, CEO and Director 7
Slide 8: Kensington
Q1 2024 KENSINGTON 1.25% NSR Kensington is an underground gold mine operated by Coeur – Located in Alaska – 45 miles north-northwest of Juneau Commercial production commenced in 2010 – In 2019, Kensington achieved over 1 Moz of gold produced – 2024E guidance of 92 - 106 koz Au production 1 Mul
Slide 9: Triple Flag Overview
Q1 2024 TRIPLE FLAG OVERVIEW Track record, continued organic growth and firepower to grow value Leading Sustainability $3.3B 105-115 koz +140 koz Ratings 2024E GEOs 5 Year Average Outlook 2 Market Cap 1 Guidance 2 (2025E – 2029E) Leading Insider 234 Assets $0.21/sh ~$670M Ownership and Alignment 32
Slide 10: Buritica Q&A
Buritica Q&A TSX:TFPM | NYSE:TFPM 10
Slide 11: Summary
SUMMARY DISCIPLINED AND DIVERSIFIED, QUALITY, ROBUST CASH FLOW AND PRECIOUS METALS PURE PLAY PORTFOLIO EMBEDDED GROWTH FOCUSED FOCUSED ON GROWING MANAGEMENT AND POSITIONED FOR CASH FLOW AND ASSET SHAREHOLDER PREMIUM VALUATION VALUE PER SHARE ALIGNMENT Eskay Creek TSX:TFPM | NYSE:TFPM 11
Slide 12: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure that is based on stream and royalty interests and calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is determ
Slide 13: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) Adjusted EBITDA Three months ended Three months ended March March 31 ($ thousands, except average gold price and GEOs information) 2024 2023 ($ thousands) 2024 2023 Revenue 57,528 50,269 Net earnings $ 17,424 $ 16,534 Average g
Triple Flag Precious Metals Corp. Common Shares — Q1 2024 Earnings Presentation on 6ix