Versamet Royalties Corp. · TSX:VMET
Versamet Royalties — Investor Presentation (June 2024)
19 slides from Versamet Royalties's investor presentation, June 2024
Slide 1: Corporate Presentation
Corporate Presentation versamet.com
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning of applicable Canadian securities legislation. All information contained in this presentation, other than statements
Slide 3: B2Gold & Sandbox Royalties Partner to Create Versamet Royalties
—Versamet team’s second major transaction in last 8 months June 6, 2024 B2Gold & Sandbox Royalties Partner to Create Versamet Key B2Gold Portfolio Assets Versamet Highlights Royalties Kiaka Gold Project ▪ Annual revenues expected to A returns-focused metals royalty company differentiated West Africa
Slide 4: Peer-leading growth and cash flow generation
Versamet Royalties Peer-leading growth and cash flow generation Attributable Revenue (US$M) 1 $32 Free Cash Flow Leader $30 Over US$110 million anticipated total Free Toega Cash Flow1,2 generation from 2024–2029 Kiaka Other Blackwater Diversified, Cash Flow Focused Mercedes $19 Portfolio Greenstone
Slide 5: Diversified, cash flow focused portfolio
Versamet Royalties Diversified, cash flow focused portfolio 2 ~53% of NPV1 derived from cash flowing or near-term cash flowing assets Pro Forma NPV Breakdown 1 Stage Commodity Location Brazil Sweden 3% Cash Silver Mexico 9% Flowing 8% 7% 17% USA Copper 8% 23% Burkina Faso Near-Term 22% Cash Flowing
Slide 6: A returns-focused metals royalty company
Seeking to generate superior risk-adjusted returns by thoughtfully and creatively investing in metals royalties, streams and similar interests. Merchant banking approach – aggregate capital and deploy at returns above cost of capital Asset management mindset – focused on appropriate risk / return &
Slide 7: Investment Highlights
Investment Highlights Cash flow centric portfolio Versamet’s existing portfolio is expected to generate +US$10 million in 2024 and +US$30 million in 2026 from seven assets that are currently cash-flowing or in-construction.1 Large-scale optionality In addition to top tier cash flowing and in-constru
Slide 8: Leadership
Leadership John Victoria Craig Paul Chris Diego Dan MANAGEMENT John Victoria Craig Paul Chris Diego Dan Armstrong McMillan Rollins Jones Haubrich Airo P.Eng, M.Fin O’Flaherty CEO CFO General Counsel VP, Corporate VP, Corporate VP, Project Evaluation Executive, Strategy Development Development Over 2
Slide 9: A partnership of industry leaders
A partnership of industry leaders Capitalization As of June 2024 Dollar figures in USD Beedie Capital Shares Outstanding1 464.1M 2% Market Capitalization @ C$0.80/share $272.3M Regal Other Investors 8% RCF Outstanding $11.5M 19% Beedie Capital Convertible Loan $16.4M Equinox Gold Cash & Marketable S
Slide 10: Key Assets
Newly Acquired Key Assets Near-Term Cash Flowing Near-Term Cash Flowing Development Resource Resource Kiaka Toega Quebradona 1 Mocoa 1 Primavera 2.7% NSR 2 2.7% NSR 3 2.0% Net Profit Royalty 2.0% NSR 1.5% NSR Au Au Cu, Au, Ag Cu, Mo Au, Cu Burkina Faso Burkina Faso Colombia Colombia Nicaragua West A
Slide 11: Key Cash Flowing and Near-Term Cash Flowing Assets
Pre-Existing Key Cash Flowing and Near-Term Cash Flowing Assets Cash Flowing Cash Flowing Near-Term Cash Flowing Near-Term Cash Flowing Near-Term Cash Flowing Greenstone Mercedes El Pilar Vittangi Blackwater 1.26% Stream 1 2.0% NSR 1.0% GRR 2 1.0% NSR 0.21% NSR 3 Au Au, Ag Cu Graphite Au, Ag Ontario
Slide 12: Key Development Stage Key Assets
Pre-Existing Key Development Stage Key Assets Development Development Development Development Development Hackett River Mason Prairie Creek Converse Cuiú Cuiú 2.0% NSR 0.4% NSR 1.2% NSR 1.0% NSR 1.5% NSR Zn, Ag, Cu, Pb, Au Cu, Au, Mo, Ag Zn, Pb, Ag Au, Ag Au Nunavut, Canada Nevada, USA NWT, Canada N
Slide 13: Global Portfolio
Global Portfolio 1 CASH FLOWING NEAR-TERM CASH FLOWING DEVELOPMENT RESOURCE EXPLORATION & OTHER 02 Cash Flowing 05 Near-Term Cash Flowing 07 Development 15 Resource, Exploration & Other Versamet Royalties Corporate Presentation 1. Acquisition of certain B2Gold assets subject to pre-emptive rights no
Slide 14: Seeking near-term cash flow from core metals
Seeking near-term cash Versamet intends to build scale quickly through high- margin royalty acquisitions with an asset-management- flow from core metals like focus on portfolio construction and diversification by operator, jurisdiction, stage of development (particularly, cash-flowing vs. non-cash f
Slide 15: Strategic priorities for unlocking value
Strategic priorities for unlocking value Accretive acquisitions of royalty and streaming agreements with a focus on near-term cash flow and diversification Balance sheet flexibility including senior credit facility to facilitate acquisitions Enhanced market profile including public listing, analyst
Slide 16: End Notes
End Notes 4. Source: Premier Gold Mines “NI 43-101 Technical Report Hardrock Project Ontario, Canada” published January 26, 2021 5. Source: Southern Copper Corp. “S-K 1300 Technical Report Summary Feasibility Study” dated February 28, 2022 6. Source: Talga Group press release dated July 1, 2021 7. S
Slide 17: Appendix
Appendix Versamet Royalties Corporate Presentation
Slide 18: Asset List
Asset List PROJECT TERMS METAL LOCATION PROJECT OWNER Greenstone 1.26% Stream 3 Au Canada Equinox Gold Corp. Mercedes 2.0% NSR Au, Ag Mexico Bear Creek Mining Corp CASH FLOWING NEAR-TERM CASH FLOWING Blackwater 0.21% NSR 4 Au Canada Artemis Gold Inc. DEVELOPMENT El Pilar 1.0% GRR 5 Cu Mexico Souther
Slide 19: Corporate Presentation versamet.com
Corporate Presentation versamet.com
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