Central Asia Metals Plc · LSE:CAML
Central Asia Metals — Shareholder Meeting (2019)
18 slides from Central Asia Metals's shareholder meeting presentation, 2019
Slide 1: Building a Sustainable Business: 2019 AGM Presentation
BUILDING A SUSTAINABLE BUSINESS 2 0 1 9 A G M P R E S E NTAT I O N NIGEL ROBINSON, CEO
Slide 2: Disclaimer
1 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S DISCLAIMER The information contained in this confidential document (“Presentation”) has been prepared by Central Asia Metals plc (the “Company”). It has not been fully verified and is subject to material updati
Slide 3: Central Asia Metals Operations
2 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S CENTRAL ASIA METALS OPERATIONS KAZAKHSTAN Population, 18.3 million GDP per capita, $8,763 NUR-SULTAN** SASA (100%) Underground zinc and lead mine, northeast North Macedonia* Production commenced in 1960’s Produ
Slide 4: CAML – Our Achievements
3 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S CAML – OUR ACHIEVEMENTS $162m paid to shareholders in dividends (91p/share) 6 Nov 2017, $402.5m 2017, commenced acquisition of Sasa successful leaching of 2019 2015, completed $13m Stage Western Dumps 2018 1 Ex
Slide 5: Building a Sustainable Business
4 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S BUILDING A SUSTAINABLE BUSINESS Economic performance Caring for our communities Governance ▪ Resources to support long life ▪ $0.6m spent in 2018 in North ▪ Strong Board of experienced operations Macedonia and
Slide 6: 2018 Performance and Update
5 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S 2018 PERFORMANCE AND UPDATE ▪ Sasa acquisition demonstrated to be accretive ‒ 2018 EBITDA per share accretion 65% 2018 Cu production 2018 revenue ‒ 2018 EPS accretion 8% 14,049t $204.2m ▪ Total 2018 dividend 14
Slide 7: Share Price and Shareholders
6 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S SHARE PRICE AND SHAREHOLDERS 140 Shareholder investment styles CAML share price performance against peers 120 Non-Institutional GARP 100 Holdings 3% 25% Growth (rebased to 100) 80 6% 60 Value 6% 40 20 Quant Ind
Slide 8: Delivering Shareholder Value
7 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S DELIVERING SHAREHOLDER VALUE Industry leading EBITDA margins 2018 dividend 14.5p, yield of c.6% 70% 20 91p 180 60% 18 160 50% 16 140 14 120 40% 12 p/share 100 $m 30% 10 80 8 20% 60 6 4 40 10% 2 20 0% 0 - 2012 2
Slide 9: Kounrad
8 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S KOUNRAD In-situ dump leach and SX-EW plant ▪ 170kt recoverable copper Eastern Dumps ▪ 2019 copper production guidance, 12,500-13,500t 5 7 Kounrad 6 ▪ Eastern Dumps mine 2 ‒ Average dump height 20m 20 ‒ Average
Slide 10: Sasa Production
9 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S SASA PRODUCTION Long life of mine to 2038 Unit Q1 2019 2018 2017 ▪ Hydrothermal Metasomatic Skarn deposit Ore mined t 197,836 803,101 792,068 ▪ Established sublevel caving operation Plant feed t 199,489 804,749
Slide 11: Sasa Outlook
10 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S SASA OUTLOOK Low cost operation ▪ Capital development to all main mine levels already completed ▪ Well established materials handling via decline and shaft access ▪ Stable production profile ▪ Decline extended
Slide 12: Looking to the Future
11 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S LOOKING TO THE FUTURE Continuing to add value for shareholders ▪ 2018 dividend, 14.5p Returns to Debt ‒ 44% of adjusted FCF shareholders reduction ‒ 2019E, 30-50% FCF ▪ 2018 debt repayments, $38.5m principal p
Slide 13: Board of Directors
12 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S BOARD OF DIRECTORS Nick Clarke Gavin Ferrar Nigel Robinson Chairman CFO CEO Chair Member - Nomination Committee - CSR Committee Member - CSR Committee Robert Cathery Nigel Hurst-Brown Nurlan Zhakupov Roger Dav
Slide 14: Summary
13 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S SUMMARY ▪ Two low cost, low capex operations in prospective jurisdictions ▪ Offering exposure to three base metals with attractive market fundamentals – copper, zinc and lead ▪ Strong 2018 CAML financial perfo
Slide 15: Contact Details
14 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S CONTACT DETAILS INVESTOR RELATIONS CONTACT Louise Wrathall Sackville House 40 Piccadilly London W1J 0DR louise.wrathall@centralasiametals.com +44 (0) 207 898 9001 www.centralasiametals.com
Slide 16: Appendix
15 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S APPENDIX
Slide 17: Sasa Tailings Storage
16 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S SASA TAILINGS STORAGE TSF4 under construction ▪ Downstream facility ‒ Widely viewed as safest design option ‒ However, most expensive construction ▪ Current Sasa TSF3.2 is a downstream facility ▪ Construction
Slide 18: CAML Summary Financial Performance
17 C E N T R AL AS I A M E T ALS P LC BU I L D I N G A S U S T A I N A BL E BU S I N E S S CAML SUMMARY FINANCIAL PERFORMANCE Total 2018 2017 2016 2015 2014 2013 2012 (80 months) (Sasa 2 months) (8 months) Kounrad Cu production, tonnes 82,474 14,049 14,103 14,020 12,071 11,136 10,509 6,586 Kounrad C