Tmc The Metals Company Inc. · NASDAQ:TMC
Tmc The Metals — Q4 2021 Earnings Presentation
10 slides from Tmc The Metals's earnings presentation, Mar 29, 2022
Slide 1: Q4 and FY 2021 Update: Key Strategic Announcements
March 24, 2022 Q4 and FY 2021 Update: Key Strategic Announcements Bringing TMC Closer to Unlocking the World’s Largest Estimated Undeveloped Source of Battery Metals.
Slide 2: Forward looking statements
2 Forward looking statements. Certain statements made in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words
Slide 3: Financial Update: Q4 results and 2021 summary
FINANCIAL UPDATE 30 Q4 results: - Net loss of $19.8 million and loss per share of $0.09 for Q4 2021 compared to a net loss of $17.1 million and $0.09 per share in Q4 2020 - Higher net loss mainly attributable to an increase of $2.6 million in non-cash share-based compensation issued following the Bu
Slide 4: Income statement highlights: three months ended Dec 31, 2021
FINANCIAL UPDATE Income statement highlights: three months ended Dec 31, 2021. 1 Exploration expenses – other includes regulatory approval fees and corporate costs associated with exploration activities. In addition, a $6 million adjustment was made in Q4 2021 for transfer pricing between exploratio
Slide 5: Cash flow highlights: three months ended Dec 31, 2021
FINANCIAL UPDATE Cash flow highlights: three months ended Dec 31, 2021. 32 ($mm) Q4 2020 Q4 2021 Change Cash used in operating activities 5.2 27.8 22.6 Capital expenditures --- Settlement of deferred acquisition costs --- Acquisition of equipment --- Less: non-recurring items --- Acquisition of expl
Slide 6: 2021 Share-based compensation and income statement highlights: year ended Dec 31, 2021
2021 Share-based compensation Units granted in 2021 Total expense ($M) Options by grant date Granted before 2021 - 0.8 February 17, 2021 0.6 3.8 March 4, 2021 15.5 50.9 September 10, 2021 - 3.9 Total options 16.2 59.3 Restricted stock units (RSUs) 4.1 1.0 Total share-based comp. 20.3 60.3 FINANCIAL
Slide 7: Cash flow highlights: year ended Dec 31, 2021
FINANCIAL UPDATE Cash flow highlights: year ended Dec 31, 2021. 34 ($mm) 2020 2021 Change Cash used in operating activities 26.5 56.1 29.6 Capital expenditures 0.6 3.8 3.2 Settlement of deferred acquisition costs - 3.4 3.4 Acquisition of equipment - 0.4 0.4 Acquisition of exploration contract 0.6 -(
Slide 8: Thank you. Media and Investor Contact
Media Contact media@metals.co Follow us Thank you. Investor Contact investors@metals.co
Slide 9: Appendix
Appendix
Slide 10: Appendix: non-GAAP reconciliation
Appendix: non-GAAP reconciliation. 37 Year ended December 31, ($mm) 2021 2020 Net cash used in operating activities 56.1 26.5 Capital expenditures Settlement of deferred acquisition costs 3.4 - Acquisition of equipment 0.4 - Acquisition of exploration contract - 0.6 Free cash outflow 59.9 27.1 Less: