Slide 1: Financial Results Half Year Ended December 2019
Ramelius Resources Limited For personal use only Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS Financial Results Half Year Ended December 2019 HALF YEAR RESULTS – DECEMBER 2019 1
Slide 2: Forward Looking Statements
QUALIFICATION Forward Looking Statements For personal use only This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and unce
Slide 3: H1 FY2020 Highlights
H1 FY2020 - HIGHLIGHTS • NPAT: Up 329% to A$20.5M (Dec 18: A$4.8M) For personal use only Financial Results • Cash & Bullion: A$87.7M (June 2019: A$106.8M); Debt free * • Mineral Resources upgrade: 660,000t @ 5.7 g/t Au for 120,000oz^ Vivien Project • Mine life: Extended to June 2021 • Mineral Resour
Slide 4: Production & Sales
H1 FY2020 – PRODUCTION & SALES • Group: 92,084oz (H1 FY2019: 104,051oz) For personal use only Gold Production • Mt Magnet: 66,987oz (H1 FY2019: 56,628oz) • Edna May: 25,097oz (H1 FY2019: 47,423oz) • Group: A$1,240/oz (H1 FY2019: A$1,220/oz) AISC • Mt Magnet: A$1,193/oz (H1 FY2019: A$1,193/oz) • Edna
Slide 5: Financial Highlights
H1 FY2020 FINANCIAL HIGHLIGHTS^ For personal use only HY Ended HY Ended % Financials Units 31 Dec 2019 31 Dec 2018 Change Revenue A$’000 158,451 181,846 (13%) EBITDA A$’000 65,910 50,036 32% EBITDA Margin A$’000 41.6% 27.5% 51% Net profit after Tax A$’000 20,494 4,777 329% Cash Flow from Operations
Slide 6: Reconciliation of NPAT (Dec to Dec 19)
RECONCILIATION OF NPAT (DEC 18 TO DEC 19) ▪ Lower operating costs per For personal use only ounce largely driven by improving grades at Mt Magnet ▪ Lower gold sales with the main ore source at Edna May being LG stockpiles but with a 10% higher realised gold price ▪ Underlying costs per tonne and cos
Slide 7: Profitability
H1 FY2020 PROFITABILITY ▪ Statutory NPAT of A$20.5M up 329% on H1 FY19 ▪ EBITDA of A$65.9M up 32% on H1 FY19 For personal use only ▪ Earnings per share up 246% to 3.1cps (0.9cps for H1 FY19) ▪ Very competitive EBITDA margin up 51% to 41.6% HALF YEAR RESULTS – DECEMBER 2019 7
Slide 8: Margins Rising: Cost Control & Improving Gold Price
MARGINS RISING: COST CONTROL & IMPROVING GOLD PRICE ▪ For personal use only Very consistent AISC profile Gold Production with Realised Gold Price and AISC 140,000 $2,800 over past 5 years…varying less than 9% over timeframe 120,000 $2,400 ▪ Commitment to cost control 100,000 AISC Margin increased 13
Slide 9: Reconciliation of Movement in Cash & Gold
RECONCILIATION OF MOVEMENT IN CASH & GOLD (LAST 6 MONTHS) ▪ Strong AISC margin (before For personal use only AISC Margin: $53.6M inventory build up) of $72.7m ▪ Increase in inventories: ➢ build up in bullion on hand ➢ high grade ROM stocks; particularly at Eridanus ▪ Cash generation invested into fu
Slide 10: Balance Sheet & Inventories
BALANCE SHEET & INVENTORIES ▪ No debt* For personal use only ▪ Poised to act on growth opportunities, both internal and external ▪ Approx. 80,000 ounces in gold inventories Gold inventories 80koz Low grade stockpiles High grade stockpiles ▪ Very strong liquidity Bullion GIC ▪ $87.7M in cash & bullio
Slide 11: Questions?
For personal use only Questions ? HALF YEAR RESULTS – DECEMBER 2019 11