Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q3 2021 Earnings Presentation
11 slides from Royal Gold's earnings presentation, May 6, 2021
Slide 1: Fiscal Q3 2021 Results
Fiscal Q3 2021 Results May 6, 2021
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future
Slide 3: Today's Speakers
Today’s Speakers Mark Isto Bill Heissenbuttel Paul Libner Executive VP and COO, President and CEO CFO and Treasurer Royal Gold Corp. ROYAL GOLD, INC. | FISCAL Q3 2021 RESULTS | MAY 6, 2021 3
Slide 4: Q3 2021 Overview
Q3 2021 Overview • Highlights • Revenue of $142.6M • $54.0M net income, or $0.82/share • $0.84/share after adjustments1 • $92.2M cash flow from operations • $19.7M dividends paid • $150M of debt, $220M of net cash1, ~$1.2B total available liquidity • Notable developments • Provided $32.6M funding to
Slide 5: Recent Developments
Recent Developments • Khoemacau progress3 • Overall construction progress ~92% • $28.6M contribution made April 7 • $10.6M stream financing – increases silver stream to 84% • $18.0M debt financing • Target startup timeline: • Plant commissioning – underway • First concentrate shipment – calendar Q3
Slide 6: Recent Developments
Recent Developments4 • Wassa • PEA on Southern Extension released March 1, 2021 • Production plan considers additional 11 years of production at 294k oz/year • Estimated to begin in year 5, with full production in year 7 at 7,400 t/d • Reserve mine plan considers 6 years of production at 177k oz/yea
Slide 7: Recent Developments
Recent Developments4 • Pueblo Viejo • Process plant expansion: • Overall engineering 65% complete, procurement contracts and purchase orders being placed • Tailings expansion: • Social, environmental and technical studies advancing • Cortez • 3.5M oz Proven & Probable Reserves, Dec. 31, 2020 • Gold
Slide 8: Fiscal Q3 Financial Results
Fiscal Q3 Financial Results • $142.6M revenue • Volume of 79,500 GEOs2 • Strong contribution from royalty segment • Higher gold, silver, copper prices compared to prior year quarter • $54.0M net income, or $0.82/share • $0.84/share, adjusted to exclude1: • $0.04/share discrete tax expense related to
Slide 9: Fiscal Q3 Liquidity
Fiscal Q3 Liquidity • ~$1.2B of liquidity available at March 31, 2021 • Additional $150M repaid on revolving credit facility on April 1, 2021, leaving $0 debt outstanding March 31, 2021 Amount (US$ M) Undrawn revolving credit facility 850 Working capital 384 Total available liquidity $1,234 • Khoema
Slide 10: Endnotes
Endnotes 1. Adjusted net income, adjusted net income per share and net cash/debt are non-GAAP financial measures. See Schedule A to the accompanying press release dated May 5, 2021 for more information. 2. Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by reportable
Slide 11: Investor Relations Contact
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com