Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q3 2022 Earnings Presentation
11 slides from Royal Gold's earnings presentation, Nov 3, 2022
Slide 1: Third Quarter 2022 Results
Third Quarter 2022 ResultsNovember 3, 2022Exhibit 99.2
Slide 2: Cautionary Statements
2 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022Cautionary StatementsForward-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.
Slide 3: Today's Speakers
3 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022Today’s Speakers Mark IstoExecutive VP and COORoyal Gold Corp. Bill HeissenbuttelPresident and CEO Paul LibnerCFO and Treasurer
Slide 4: Q3 2022 Overview
4 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022Q3 2022 Overview•Highlights•Revenue of $131.4M•Cash flow from operations of $95.0M•Net income of $45.8M, or $0.70/share •$0.71/share after adjustments1•Adjusted EBITDA margin of 77%1•$23.0M dividends paid•Available liquidity of approximately $66
Slide 5: Q3 2022 Revenue
5 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022 75%25%Q3 2022 RevenueGEOs2of 76,000 and revenue of $131.4 million$131.4MRoyalty Segment$32.7MStream Segment$98.7M-44% YoYLower contribution from Cortez, Peñasquito, Robinson, South Laverton, Dolores -15% YoYLower contribution from Mount Milliga
Slide 6: 2022 Operator Updates
6 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022 Operator Updates3Khoemacau4 •Ramp-up continuing:•Mining rate reached ~8,000 t/d in September•Expect 10,000 t/d production Q4 2022-Q1 2023Mount Milligan•Highlights of updated life of mine plan released•Mine life extended 4 years to 2033 •Additio
Slide 7: Q3 2022 Financial Results
7 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022Q3 2022 Financial Results* Volume change calculated using average realized metal prices for the quarter ended Sept. 30, 2021.** Royal Gold changed to a December 31 fiscal year end from a June 30 fiscal year end effective December 30, 2021. The p
Slide 8: On Track to Meet 2022 Guidance
8 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022On Track to Meet 2022 Guidance January 1 –December 31, 2022 Guidance:Total GEO2SalesGEO315,000 –340,000GoldOz220,000 –240,000Other MetalsGEO95,000 –100,000DD&A$ / GEO$510 –560Revised from $535 -585Effective Tax Rate%17 –22%* Guidance is based on
Slide 9: September 30, 2022 Liquidity
9 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022September 30, 2022 Liquidity•$450M drawn on revolving credit facility•$50M repaid on September 6•$667M of liquidity available:•No other material outstanding near-term commitments September 30, 2022Amount(US$ M)Undrawn revolving credit facility55
Slide 10: Endnotes
10 ROYAL GOLD, INC. | Q3 2022 RESULTS | NOVEMBER 3, 2022Endnotes1.Adjusted net income, adjusted net income per share and adjusted EBITDA margin are non‐GAAP financial measures. See Schedule A to the accompanying press release dated November 2, 2022, for more information.2.Gold Equivalent Ounces (“GE
Slide 11: Tel. 303.573.1660investorrelations@royalgold.com www.royalgold.com
Tel. 303.573.1660investorrelations@royalgold.com www.royalgold.com