Ramelius Resources Limited · ASX:RMS
Ramelius Resources — H1 FY22 Earnings Presentation
11 slides from Ramelius Resources's earnings presentation, Feb 23, 2022
Slide 1: Financial Results Half Year Ended December 2021
Ramelius Resources Limited For personal use only Mark Zeptner Tim Manners Managing Director Chief Financial Officer ASX:RMS Financial Results Half Year Ended December 2021 HALF YEAR RESULTS – DECEMBER 2021 1
Slide 2: Qualification: 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 FY22 Highlights
H1 FY22 - HIGHLIGHTS • NPAT: A$73.4M down 10% (H1 FY21: A$81.3M) For personal use only Financial Results • EBITDA: A$187.7M down 3% (H1 FY21: A$192.8M)* • Underlying EBITDA Margin: 51.4% down 7% (H1 FY21: 55.3%) • Net Cash & Gold: A$164.5M down 29% (June 2021: A$234.0M) Balance Sheet • Working Capit
Slide 4: H1 FY22 Financial Highlights
H1 FY22 FINANCIAL HIGHLIGHTS^ HY Ended HY Ended % For personal use only Financials Units 31 Dec 2021 31 Dec 2020 Change Revenue A$’000 310,077 342,226 (9%) EBITDA A$’000 187,690 192,840 (3%) Underlying EBITDA^^ A$’000 159,283 189,390 (16%) EBITDA Margin (underlying^^) A$’000 51.4% 55.3% (7%) Statuto
Slide 5: Reconciliation of EBIT (Dec to Dec 21)
RECONCILIATION OF EBIT (DEC 20 TO DEC 21) ➢ Lower production from comparable mill throughput For personal use only with improving grades at Edna May (introduction of Tampia) being offset by the lower grades at Mt Magnet compared to pcp ➢ Average sales price increased by 1% improving revenues by $3.8
Slide 6: Maintaining Margins
MAINTAINING MARGINS ➢ Gold production increased year-on-year For personal use only by 21.5% from FY15 to FY21 ➢ Mid-point of FY22 guidance sees gold production in line with last year ➢ AISC profile now seeing slight rise with cost pressure stemming from inflation & COVID related impacts ➢ Sales / AI
Slide 7: Reconciliation of Movement in Net Cash & Gold (Last Months)
RECONCILIATION OF MOVEMENT IN NET CASH & GOLD (LAST 6 MONTHS) ➢ Strong underlying cash flows of For personal use only $30.7m after significant investment in the development of Penny, Tampia and exploration activities ➢ A total of $67.0m invested into the acquisition of Apollo (net of cash acquired).
Slide 8: Balance Sheet Strength
BALANCE SHEET STRENGTH ➢ Cash and Gold of $164.5M For personal use only ➢ $319.3M in total liquid assets and inventories ➢ Working Capital of $226.7M^ ➢ Total Assets of $1.0Bn (up 20% of June 2021) ➢ Net Assets $782.7M (up 23% on June 2021) ➢ Poised to act on growth opportunities, both internal and
Slide 9: Return on Investment - Key Driver of Decision Making
RETURN ON INVESTMENT - KEY DRIVER OF DECISION MAKING* ➢ Track record of generating positive For personal use only (net) cash flow from new projects ➢ Marda & Tampia now both in production ➢ Inventory build up shown in chart as notional cashflow ▪ Marda: 470kt @ 1.6g/t for 24koz ▪ Tampia: 316kt @ 1.9
Slide 10: Rebecca Gold Project - Overview
REBECCA GOLD PROJECT - OVERVIEW ➢ A proven, regional-scale gold belt & Tier 1 location For personal use only Rebecca Deposit ▪ 150km north-east from Kalgoorlie, in Australia’s premier gold province 840,000oz ▪ Southern end of the +30Moz Laverton District ▪ Access to first-class regional infrastructu
Slide 11: Questions?
QUESTIONS? For personal use only Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Managing Di