Om Holdings Ltd. · ASX:OMH
Om — Shareholder Meeting (May 2022)
14 slides from Om's shareholder meeting presentation, May 10, 2022
Slide 1: OM Holdings Limited
1 OM HOLDINGS LIMITED Australia • China • Japan • Malaysia • Singapore • South Africa May 2022 • AGM • ASX:OMH | Bursa:OMH (5298)
Slide 2: Disclaimer
2 DISCLAIMER This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 (“OMH”). This presentation contains summary information about OMH. The information in this presentation does not purport to be complete or to provide all information that an investor should consider w
Slide 3: A Manganese & Silicon Company
3 A MANGANESE & SILICON COMPANY A manganese and silicon smelting company, with vertical exposure in mining and trading Powered by sustainable hydro-power, pursuing growth and natural diversification into new commodities like silicon metal Listed on both the ASX and Bursa Malaysia, we offer unique ex
Slide 4: FY2021 Financial Highlights
4 FY2021 FINANCIAL HIGHLIGHTS Revenue Loan Repayment* Cashflow from Operations A$1.04b A$51.1m A$94.2m FY20 A$784.6m FY20 A$33.2m FY20 A$76.6m Adj. EBITDA Profit att. To owners Profit per share A$204.0m A$81.9m 11.11 cents FY20 $78.0m FY20 A$5.4m FY20 0.73 cents *Loan Repayment includes the repaymen
Slide 5: Gearing Ratio Lowered, Positive Cash Position Maintained
5 GEARING RATIO LOWERED, POSITIVE CASH POSITION MAINTAINED Pay down debt, and sustainable dividend $800 Total Debt 4 • Repaid ~A$25.8m to Sarawak project finance Gearing Ratio loan, redeemed ~A$14m convertible notes, $600 3.05 3 among other repayments in FY2021 A$ million $400 1.77 2 • Gearing ratio
Slide 6: Company Snapshot
6 COMPANY SNAPSHOT Balancing debt reduction with sustainable dividends Issued Shares 738.6 million shares Share Price Performance Share 2.00 ASX (AUD) Bursa (MYR) 5 Share Price A$ 0.84 / RM2.65 Metrics 1.50 4 (as at 17th 52 weeks Low / High A$ 0.70 / A$ 1.25 3 May 2022) 1.00 Market Capitalization A$
Slide 7: Smelting – At the Heart of What We Do
7 SMELTING – AT THE HEART OF WHAT WE DO FeSi Production Cost Comparison Electricity Reductant Ore Other raw material Labour & other Export tax Delivery to Japan • Sustainable producer, first-quartile of cost curve • 350MW of competitively priced, reliable power, locked in for 20 years • Hands on man
Slide 8: OM Sarawak Acquisition
8 OM SARAWAK ACQUISITION On 5th May, we announced a binding offer* to acquire 25% of OMSA from our JV partner Key Terms • 25% shares of OM Sarawak and OM Samalaju (project development entity) • Brings OM ownership to 100% • Consideration of USD 120 million, in two tranches • Extinguishes shareholder
Slide 9: Ferrosilicon Market Review
9 FERROSILICON MARKET REVIEW Price surge and normalization with new Chinese power policies 2021 2022 High power prices around the world, notably in China, Russia was the world’s second largest exporter of leads to massive price spike. New power policies in place ferrosilicon in 2021. Given a prolong
Slide 10: Manganese Ore and Alloy Market Review
10 MANGANESE ORE AND ALLOY MARKET REVIEW Supply remains uncertain with prices supported at higher level 2021 2022 SiMn prices rise significantly faster than Mn ore, Ukraine was the world’s second largest exporter of Mn traditional correlation breaks down with higher margins. alloys in 2021. With the
Slide 11: Development Plan 2022 & Beyond
11 DEVELOPMENT PLAN 2022 & BEYOND Sustained 12 furnace output through end of 2021, major developments for 2022 Pre-COVID 2021 2022 Future Conversion + Maintenance Fesi 10 of 10 ~6 of 10 4 to 6 furnaces 6 of 6 230ktpa 120ktpa 110-130ktpa 130-140ktpa 65-70 mt / day Mn Alloys 6 of 6 ~6 of 6 4 to 6 furn
Slide 12: Ferroalloys Closely Tied to Energy Prices
12 FERROALLOYS CLOSELY TIED TO ENERGY PRICES Amidst renewables transition and geopolitics, OM Sarawak’s costs are well anchored FeSi USD/mt IMF Prices Indices 600 FeSi Japan Coal Index Natural Gas Index $5,000 Chinese coal crunch 500 $4,000 400 $3,000 FeSi shortage due to Chinese 300 under productio
Slide 13: Key Takeaways
13 KEY TAKEAWAYS OM, now a simpler story 1 3 Lowest Cost Quartile Largest Producer in the Ferroalloy Smelter in the Region, with Growth and Region(1) Diversification Plans Backed by low cost environmentally Prioritize diversification to silicon friendly hydro power from a 20-year metal targeting ren
Slide 14: OM Holdings Limited
14 OM HOLDINGS LIMITED AUSTRALIA • CHINA • JAPAN • MALAYSIA • SINGAPORE • SOUTH AFRICA