Stanmore Resources Ltd · ASX:SMR
Stanmore Resources — Shareholder Meeting (October 2018)
18 slides from Stanmore Resources's shareholder meeting presentation, Oct 26, 2018
Slide 1: Annual General Meeting: Earnings Growth Delivering Shareholder Returns
For personal use only ANNUAL GENERAL MEETING Earnings Growth Delivering Shareholder Returns 26 OCTOBER 2018 0
Slide 2: Important information
Important information For personal use only This document has been prepared by Stanmore and needs and seek appropriate advice, including projections, guidance on future Coal Limited (“Stanmore Coal”) for the purpose including financial, legal and taxation advice earnings and estimates are provided a
Slide 3: Stanmore Coal Overview: The right path to value
Stanmore Coal Overview The right path to value For personal use only ASX CODE SHARE PRICE Independent coal company Positioned in right commodity at the right time of SMR A$0.8451 the cycle SHARES MARKET CAP 251,800,978 $213m1 Isaac Plains expansion operational with 1. AS AT 25 Oct ‘18 demonstrated p
Slide 4: The year in focus
The year in focus For personal use only Full year production from Isaac Record levels ofenvironmental Plains within target range rehabilitation completed Development of Isaac Plains East Operations recording an underlying with mining commencing August EBITDA of $45.6M 2018 Purchase of Wotonga South,
Slide 5: Safety
For personal use only Safety
Slide 6: Safety
Safety Performance For personal use only Driving for certainty of no fatalities and individual safety performance 25.00 20.00 15.00 10.00 5.00 - Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 TRIFR TRIFR Target (rolling 12mth average) •Significant resources commi
Slide 7: Safety
Safety Performance For personal use only Driving for certainty of no fatalities and individual safety performance 6
Slide 8: Operations
For personal use only Operations
Slide 9: Operational: Implementation of the strategy on the ground
Operational Performance For personal use only Implementation of the strategy ‘on the ground’ 2018 Open-cut ROM tonnes mined 2,500 PLATFORM ASSET 2,000 1,500 k tonnes 1,000 VALUE DRIVERS RELIABILITY ESTABLISHED DRAGLINE UTILISATION 500 0 FY17 FY18 FY19 Actual Actual Guidance OPERATIONAL PERFORMANCE •
Slide 10: Operational: reducing cost structure and increased production profile
Operational Performance For personal use only With the FY2018 Performance, Stanmore is very well positioned with a reducing cost structure and increased production profile Open-Cut Product Tonnes Produced Underlying EBITDA 2,000 120 100 1,500 80 $M k tonnes 1,000 60 40 500 20 0 0 FY17 FY18 FY19 FY17
Slide 11: Rehabilitation
Rehabilitation Performance For personal use only • Rehabilitation increased during the year with 128ha recontoured and 91ha top-soiled and seeded. • Additionally, a number of improvement projects were undertaken to improve water management infrastructure and integrity across the Isaac Plains Complex
Slide 12: Financial
For personal use only Financial
Slide 13: Financial: Debt free and invested for production increase
Financial Performance For personal use only Debt free and invested for a 50% increase in production over the next year $M FY2018 FY2017 Comments Key financial measures Underlying EBITDA 45.5 26.8 Record earnings with 70% increase on prior year. Refer adjustments on Appendix A Net profit /(loss) afte
Slide 14: Development and Outlook
For personal use only Development and Outlook
Slide 15: The strategy into action during 2018
The strategy into actionduring 2018 For personal use only Cycle proofed and capital light 2018 •Toll Loading through Isaac Plains MAXIMISING CURRENT ASSETS infrastructure successfully completed •Isaac Plains East fully approved with Environmental Authority and Mining Lease granted VALUE DRIVERS IPC
Slide 16: The strategy into action: further opportunity beyond Isaac Plains
The strategy into action For personal use only With Isaac Plains maximized, further opportunity exists 2018 RIGHT SCALE OF DEVELOPMENT •The Range Project is progressing to Environmental WITH CAPITAL DISCIPLINE Authority Application off the base of the existing Mining Lease Application (MLA). •Stanmo
Slide 17: Outlook
Outlook For personal use only From creating certainty in outcomes and returns to sourcing further ROM coal and preparing the company for the next stage Coal Type Price Share Price 350 350 1.20 300 300 1.00 250 250 0.80 US$/tonne US$/tonne 200 200 0.60 150 150 0.40 100 50 100 0.20 0 50 0.00 2015 2016
Slide 18: Financial: Appendix A
Financial Performance For personal use only APPENDIX A $M FY2018 FY2017 Comments Revenue 208.1 137.9 Record revenue, 51% higher than prior year Cost of sales (155.8) (104.1) Increase in costs reflects production acceleration plan, increase in State royalties, increased demurrage at port and higher s
Stanmore Resources — Shareholder Meeting (October 2018) on 6ix