Slide 1: Investor update May 2018
G E M F I ELDS 1 Investor update May 2018
Slide 2: Important Notice & Disclaimer
Pallinghurst Resources Limited t/a Gemfields Group IMPORTANT NOTICE & DISCLAIMER This document, which has been compiled by Pallinghurst Resources Limited (the comprises the written materials/slides for a presentation concerning the Company, including its business, results of operations and prospects
Slide 3: Pallinghurst Resources Limited t/a Gemfields Group
Pallinghurst Resources Limited t/a Gemfields Group 3
Slide 4: Gemfields
Pallinghurst Resources Limited t/a Gemfields Group GEMFIELDS Africa-focussed, with three principal activities: mining, grading and marketing. 100% owned by Pallinghurst Resources Ltd (JSE:PGL) 75% 75% 75% 75% 75-100% 100% Kagem Mining Web Gemstone Montepuez Ruby Megaruma Mining Other Gem Ltd Mining
Slide 5: Gemfields/Pallinghurst Share Price Performance
Rebased to 100 at 1 June 2014 100 120 140 160 0 20 40 60 80 01-Jun-14 01-Jul-14 01-Aug-14 01-Sep-14 01-Oct-14 01-Nov-14 01-Dec-14 01-Jan-15 01-Feb-15 01-Mar-15 01-Apr-15 01-May-15 01-Jun-15 01-Jul-15 01-Aug-15 01-Sep-15 01-Oct-15 01-Nov-15 01-Dec-15 01-Jan-16 01-Feb-16 01-Mar-16 01-Apr-16 01-May-16
Slide 6: Gemfields/Pallinghurst Share Price Performance (USD cents)
USD cents 100 0 10 20 30 40 50 60 70 80 90 01-Jun-14 01-Jul-14 01-Aug-14 01-Sep-14 01-Oct-14 01-Nov-14 01-Dec-14 01-Jan-15 01-Feb-15 01-Mar-15 01-Apr-15 01-May-15 01-Jun-15 01-Jul-15 01-Aug-15 01-Sep-15 01-Oct-15 01-Nov-15 01-Dec-15 01-Jan-16 01-Feb-16 01-Mar-16 01-Apr-16 GEMFIELDS/PALLINGHURST SHAR
Slide 7: Consolidated Income Statement for the Year Ended December 2017
Pallinghurst Resources Limited t/a Gemfields Group CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 December 2017 7
Slide 8: Group Free Cashflow Performance
Pallinghurst Resources Limited t/a Gemfields Group GROUP FREE CASHFLOW PERFORMANCE Group Free Cashflow 50,000 40,000 30,000 25,786 23,182 18,494 19,641 20,000 14,243 8,591 10,000 4,340 3,640 USD ('000) - (4,590) (10,000) (13,969) (20,000) (21,326) (30,000) (29,340) (34,199) (40,000) (44,621) (50,000
Slide 9: Gross Debt Analysis
Pallinghurst Resources Limited t/a Gemfields Group GROSS DEBT ANALYSIS 9
Slide 10: Kagem Emerald Performance: Auction Sales
Pallinghurst Resources Limited t/a Gemfields Group KAGEM EMERALD PERFORMANCE Kagem Rough Emerald and Beryl Total Auction Sales (USD million) 40.0 36.5 34.7 34.9 35.0 33.1 31.6 31.5 30.0 26.2 26.8 25.0 22.3 21.5 19.6 19.2 20.0 16.4 15.2 15.5 14.5 14.5 14.3 15.0 11.0 10.0 9.0 10.7 10.0 7.2 7.5 5.9 5.6
Slide 11: Kagem Emerald Performance: Unit Operating Costs
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Jul 08 Oct 08 Jan 09 Apr 09 Jul 09 Oct 09 Jan 10 Apr 10 Jul 10 Oct 10 KAGEM EMERALD PERFORMANCE Jan 11 Apr 11 Jul 11 Oct 11 Jan 12 Apr 12 Jul 12 Oct 12 Jan 13 Apr 13 Pallinghurst Resources Limited t/a Gemfields Group USD/carat (Emerald+Beryl) Jul 13 Oct 13 Jan 14 Apr
Slide 12: Kagem Emerald Performance: Gemstone Production
Pallinghurst Resources Limited t/a Gemfields Group KAGEM EMERALD PERFORMANCE Kagem 12 Month Rolling Gemstone Production Emerald and Beryl (carats) 40000 Thousands 35000 30000 25000 20000 15000 10000 5000 0 Beryl Emerald Premium Emerald 12
Slide 13: Montepuez Ruby Performance: Auction Sales
Pallinghurst Resources Limited t/a Gemfields Group MONTEPUEZ RUBY PERFORMANCE Montepuez Rough Ruby Total Auction Sales (USD million) 60 54.8 55.0 50 43.3 44.3 40 33.5 29.3 30.5 28.8 30 20 15.9 10 0 Mixed Quality Higher Quality Commercial Quality 13
Slide 14: Montepuez Ruby Performance: Unit Operating Costs
Pallinghurst Resources Limited t/a Gemfields Group MONTEPUEZ RUBY PERFORMANCE Montepuez Monthly Unit Operating Costs (Actual Cash Cost Basis) USD/carat (Total production) 30 25 20 15 10 5 0 14
Slide 15: Montepuez Ruby Performance: Gemstone Production
Pallinghurst Resources Limited t/a Gemfields Group MONTEPUEZ RUBY PERFORMANCE Montepuez Rolling 12 Month Overall Gemstone Production (carats) a. Production for Nov '12 through Apr '13 is spread evenly across the 6 months b. "Sapphire" and "-4.6mm" were only introduced in July '13 and "Low Sapphire"
Slide 16: Faberge Performance
0 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 2,000,000 4,000,000 6,000,000 8,000,000 0 10,000,000 12,000,000 14,000,000 16,000,000 2,000,000 4,000,000 6,000,000 8,000,000 Sep-10 Sep-10 Nov-10 Nov-10 Jan-11 Jan-11 Mar-11 Mar-11 May-11 May-11 Jul-11 Jul-11 Sep-11 Sep-11 Nov-11 N
Slide 17: New Burlington Place, London
1 NEW BURLINGTON PLACE LONDON, W1S 2HR UNITED KINGDOM T: +44 (0)20 7518 7280 M: +44 (0) 7887 426 794 17