St. Barbara Ltd. · ASX:SBM
St. Barbara — Q4 FY2014 Earnings Presentation
20 slides from St. Barbara's earnings presentation, Jul 31, 2014
Slide 1: Presentation on the June 2014 Quarterly Report and audio webcast
ASX Release / 31 July 2014 For personal use only Presentation on the June 2014 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the June 2014 Quarterly Report at 3:00 pm Australian Eastern Standard Time (UTC + 10 hours) today,
Slide 2: June 2014 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 31 JULY 2014 For personal use only June 2014 Quarterly Presentation
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, s
Slide 4: Contents
Contents ˃ Key Points For personal use only ˃ Operations Results ˃ Exploration ˃ Finance ˃ Corporate ˃ Conclusion 3/ June 2014 Quarterly Presentation
Slide 5: Key Points Q4 June 2014
Key Points Q4 June 2014 For personal use only ˃ New Managing Director & CEO Bob Vassie appointed 1 July 2014 ˃ Leonora Operations outperformed in Q4 and for FY14 ˃ Asset impairment writedowns anticipated at both Gold Ridge and Simberi ˃ Simberi production improved on Q3 by 18%, but the operation has
Slide 6: Consolidated Gold Production
Consolidated Gold Production For personal use only 107 ˃ June Quarter: 97 94 17 93 92 ˃ Increased production at 15 13 15 16 13 Gwalia and King of the Hills 12 9 13 11 19 ˃ Simberi underperformed 17 17 17 ˃ No production at Gold Ridge ˃ Total FY14 production result of 64 53 53 59 374,402 ounces, in m
Slide 7: Gwalia: St Barbara's cornerstone mine
Gwalia: St Barbara’s cornerstone mine For personal use only Gold Production ˃ Gwalia exceeded the upper end of the FY14 production guidance by 10% 64.3 ˃ FY14 Capex spend 27% below lower end of guidance. 59.4 53.2 ˃ FY14 cash operating cost1 4% below lower 52.6 49.1 end of guidance ˃ All-In Sustaini
Slide 8: King of the Hills: Delivering to plan
King of the Hills: Delivering to plan For personal use only Gold Production ˃ King of the Hills FY14 production exceeded the upper end of guidance by 18%, Q4 production exceeded expectations ˃ FY14 Capex and cash operating cost1 at the lower end of guidance 19.4 ˃ Generated A$21 million2 of positive
Slide 9: Simberi: Underperformance despite improved production
Simberi: Underperformance despite improved production For personal use only Gold Production ˃ Simberi production 18% higher 12.9 12.8 Q on Q, but ongoing 11.7 underperformance 10.8 ˃ Mining capability improved, 8.9 increase in mined tonnes and total material moved ˃ Separate to optimising plant expa
Slide 10: Gold Ridge – Operations suspended
Gold Ridge – Operations suspended ˃ Production suspended following rain event in early April For personal use only ˃ Force Majeure ongoing. Two contributing factors outside GRML1 control require Solomon Islands Government involvement to address: ˃ Bridge on government owned access road inadequate fo
Slide 11: Exploration – focus on near mine targets at Simberi
Exploration – focus on near mine targets at Simberi For personal use only ˃ Encouraging results obtained from a diamond drilling program at Monun Creek, Simberi, including1: ˃ SDH317: ˃ 22m @ 2.9 g/t Au from 1m ˃ (including 11m @ 4.5 g/t Au from 8m) ˃ 23m @ 1.0 g/t Au from 28m ˃ SDH318: ˃ 19m @ 1.4
Slide 12: Finance
Finance At 30 June 20141: For personal use only ˃ Carrying value of Pacific Operations assets subject to impairment testing – write down is anticipated as part of year end process and subject to audit: > Gold Ridge anticipating full impairment write off > Simberi impairment of between $100 million a
Slide 13: Corporate
Corporate ˃ Internal reporting mechanisms have identified the provision of benefits to For personal use only a foreign public official that may violate St Barbara’s Anti-Bribery and Anti- Corruption Policy or applicable anti-corruption laws. The amount of the benefits is not material to the relevant
Slide 14: Conclusion
Conclusion For personal use only ˃ Leonora Operations outperformed in Q4 and for FY14 ˃ Significant asset impairment writedowns anticipated at both Gold Ridge and Simberi – to be reported with the financial results on 27 August 2014 ˃ Simberi production improved on Q3 by 18%, but the operation is un
Slide 15: Appendices
For personal use only Appendices 14 / March 2014 Quarterly Presentation
Slide 16: Consolidated Production Summary
Consolidated Production Summary For personal use only Q4 June Year Guidance FY14 FY14 FY14 Gwalia oz 59,389 214,319 180- 195,000 King of the Hills oz 19,421 70,711 55- 60,000 Production Gold Ridge oz - 45,121 75- 90,000 Simberi oz 12,755 44,251 45- 50,000 Consolidated oz 91,565 374,402 355 - 395,000
Slide 17: Start safe, stay safe
Start safe, stay safe For personal use only Total Recordable Injury Frequency Rate 14.8 Improving safety performance 12.5 11.1 ˃ FY14 TRIFR1 of 4.1 is a significant improvement on 6.0 at 30 June 9.0 2013 ˃ An outstanding result for a 6.0 combination of underground and 4.7 4.5 open pit operations in
Slide 18: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Company Secretary Garth Campbell-Cowan Chief Financial Officer T: +61 3 8660 1900 E: info@stbarbara.com.au 17 / June 2014 Quarterly Presentation
Slide 19: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Dr Roger Mustard, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Mustard is a full-time emplo
Slide 20: Non-IFRS Measures
Non-IFRS Measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass