Slide 1: Faster, more accurate gold analysis
Faster, more accurate gold analysis 1H FY24 Financial Results 22 February 2024 Dirk Treasure, Managing Director and CEO Brett Coventry, CFO
Slide 2: Important notice
Important notice The material in this presentation has been prepared by Chrysos Corporation Limited (ASX: C79) (“Chrysos” or the “Group") and is general background information about Chrysos’ current activities as at the date of this presentation. The information is given in summary form and does not
Slide 3: Chrysos – revolutionising the global mining industry
Chrysos – revolutionising the global mining industry Chrysos is a global provider of novel assay services through its proprietary PhotonAssayTM technology Disruptive Minerals Analysis Service and Lease Model with Industry Accepted Technology Technology Tier 1 Counterparties Displacing Traditional Fi
Slide 4: Financial and operating highlights
Financial and operating highlights 1H FY24 Total Revenue1 of $19m, reflecting 64% growth YoY $19m $2.3m Total Revenue1 EBITDA • MMAP Revenue of $16.6m, AAC Revenue of $2.3m • +262% growth YoY • +64% growth on YoY total revenue • 12.0% EBITDA margin (up from 5.5% in 1HFY23) • +72% growth on YoY MMAP/
Slide 5: Sample volume growth
Sample volume growth Ongoing adoption by global miners Average Unit Utilisation & Samples Processed 400,000 70% 350,000 60% 300,000 50% Number of PhotonAssays 250,000 Utilisation 40% 200,000 30% 150,000 20% 100,000 50,000 10% - 0% Samples Processed - Monthly Average Utilisation CHRYSOS CORPORATION L
Slide 6: Executing on our global PhotonAssay roll out
Executing on our global PhotonAssayTM roll out Strong and sustainable growth underpinned by roll out of contracted units across the globe 27 Units Deployed1 Deployment schedule ■ Now operating PhotonAssayTM on four continents ■ Earlier customer-engagement enacted to streamline upcoming deployments a
Slide 7: Chrysos, Barrick and MSALABS partnership
Chrysos, Barrick and MSALABS partnership Signal adoption by one of the world’s largest gold miners Chrysos Barrick Gold MSALABS Faster, more accurate + One of the world’s largest + Fast-growing international laboratory business gold analysis gold miners ■ Global partnership for delivery of PhotonAss
Slide 8: 1H FY24 Financial Summary
1H[Insert] FY24 Financial Summary
Slide 9: Top line momentum continuing
Top line momentum continuing Secure forecastable revenue accounts for 88% of 1H FY24 Total Revenue MMAP, AAC and Other Income $20,000 $19.0m ■ Minimum Monthly Assay Payments (MMAP) provide predictable and $18,000 sustainable minimum revenue $16,000 +72%1 ■ 1H FY24 MMAP was $16.6m, up 88% on 1H FY23
Slide 10: Revenue & profitability
Revenue & profitability 1H FY24 Results #039;000 1H FY23 1H FY24 Revenue and other income Strong Revenue Growth Revenue 10,976 18,904 Other revenue 560 52 ■ Total Revenue of $19m continues to grow in line with deployment of Total revenue 11,536 18,956 PhotonAssay units PhotonAssayTM costs (2,379) (1,80
Slide 11: Cash flow summary
Cash flow summary Operationally cash flow positive in the half year Historical cash flow summary Cash flow ■ Positive operating cash flow of $0.6m to be reinvested into PhotonAssay units $000’s 1H FY23 1H FY24 EBITDA 629 2,278 ■ Capital expenditure in line with deployment schedule and expectations N
Slide 12: Balance sheet
Balance sheet $180m funds available for PhotonAssayTM unit deployment $000’s 30-Jun-23 31-Dec-23 Strong balance sheet Assets Cash and cash equivalents 53,359 84,705 ■ Institutional Placement raising $75 million (before costs) Trade and other receivables 9,964 10,666 Other current assets (incl prepay
Slide 13: Outlook
CHRYSOS CORPORATION Assays at the speed of lah
Slide 14: Growth & expansion
Growth & expansion Assay expenditure is a non-discretionary operating cost for miners TAM for PhotonAssayTM Units Growing applicability 700 610 Units 600 500 PhotonAssayTM Unit 410 On-site 400 Laboratories +561 Units Units 300 200 Off-site 100 200 Further opportunities Laboratories Current applicabi
Slide 15: Summary
Summary Chrysos PhotonAssayTM well positioned for sustainable growth ■ Continued top-line growth in 1H FY24: ■ 72% YoY increase in PhotonAssayTM Revenue1 ■ 49 PhotonAssayTM units deployed or contractually-committed ■ 27 units deployed, with 3 post-period ■ FY24 Financial Guidance unchanged ■ Comfort
Slide 16: About Chrysos
CHRYSOS CORPORATION Assays at the speed of liaht About Chrysos
Slide 17: Our commercialisation journey
Our commercialisation journey The outcome of 20+ years of research and development Prototype Complete JORC and NI43-101 New Customer International deployment 1st PhotonAssayTM Max unit Companies cite PhotonAssayTM Announcements continues data in market announcements Barrick Bulyanhulu in Tanzania Es
Slide 18: The Chrysos Vision
The Chrysos Vision To become the world’s leading provider of innovative assay services and technologies Market Challenge: Traditional assay techniques are slow, labour intensive, complex, destructive to the assay sample, and involve Fully-quantitative analysis in as little as 2 minutes! dangerously
Slide 19: High barriers to entry
High barriers to entry High barriers to entry supported by global IP rights Barriers to competitive entry Long-term leases with Protected by global guaranteed minimums, IP rights embedded at customer site 20+ years of R&D and Superior product to the investment in technology alternative Attractive va
Slide 20: PhotonAssay technology
PhotonAssayTM technology Best in class gold assaying with measurable benefits over traditionally used methods PhotonAssayTM vs. Traditional Fire Assay1 PhotonAssayTM value proposition Fire Assay PhotonAssayTM Faster turnaround Lower costs Simple to operate Results in as little as 2 minutes Time per
Slide 21: Delivering tangible benefits for miners
Delivering tangible benefits for miners PhotonAssayTM enables timely decision making and additional gold recovery The opportunity… PhotonAssayTM is embedded in the mining value chain PhotonAssayTM Value Add ■ Each year global miners are Exploration Fast turnaround for mine estimated to lose >$2.0 bi
Slide 22: An environmentally-friendly solution
An environmentally-friendly solution Substantially better for the environment and significantly safer than fire assay PhotonAssayTM has a substantial positive environmental impact that will continue to grow in tandem with the uptake of the technology ✓ PhotonAssayTM reduces CO2 emissions and elimina
Slide 23: Experienced leadership team
Experienced leadership team Supported by a well-respected and tenured board Senior leadership team Board of Directors Dirk Treasure Rob Adamson Kerry Gleeson Founding CEO & Managing Director Founder & Chairman Director • Metallurgist with a background in both • 20+ years’ experience in mining and •
Slide 24: Thank you
Thank you For more information, please visit chrysoscorp.com or contact us at investors@chrysoscorp.com