Slide 1: Q2 Results Presentation 2021
Q2 Results Presentation 2021
Slide 2: Disclaimer
Disclaimer This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia Mining Corporation Plc (“Caledonia”), nor shall it (or any part of it) or the fact of its distribution, form the basis
Slide 3: A Strategy Focused on Genuine Returns for our Shareholders
A Strategy Focused on Genuine Returns for our Shareholders Central Shaft: Significant Committed to New near-term, increase return money opportunities low-risk growth in production to shareholders by 2022 NYSE/AIM: CMCL 3
Slide 4: Results Highlights
Results Highlights 3 months ended June 30 6 months ended June 30 2020 2021 Change 2020 2021 Change Production (ounces) 13,499 16,710 24% 27,732 29,907 8% Average gold price ($ per ounce)1 1,696 1,792 6% 1,628 1,767 9% Revenue ($’m) 22.9 30.0 31% 46.5 55.7 20% Gross Profit ($’m) 2 9.2 13.9 51% 19.7 2
Slide 5: Dividend
Dividend COMMITTED TO RETURN MONEY TO SHAREHOLDERS QUARTERLY DIVIDEND PAYMENTS Quarterly dividend of 14 US$0.13 (13c) 12 Dividend payer since 10 D 8 2012 US Dollars Dividend yield 6 4 4.1% *as at 5 August 2021 89% Increase 2 0 in quarterly dividend since October 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Slide 6: Review of Operations
Review of Operations Tonnes Milled & Grade (2011 – Q2 2021) 5.5 200,000 Tonnes Milled (t) Head grade (g/t) 4.5 150,000 3.5 100,000 Record tonnes milled in the Quarter 2.5 following the commissioning of Central 1.5 50,000 Shaft. Q1 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 7: Review of Results
Review of Results Summary profit and loss 3 months to 6 months to 30 June 30 June ($’m) 2020 2021 2020 2021 Revenue 22.9 30.0 46.5 55.7 Higher production and higher gold price Royalty (1.1) (1.5) (2.3) (2.8) Royalty payable to Zimbabwe Government remains at 5% Production costs (11.5) (12.4) (22.1) (
Slide 8: Review of Results: Production Costs
Review of Results Production Costs 3 months to June 6 months to June 30 30 ($’m) 2020 2021 2020 2021 Salary increases, higher bonus provisions, additional Wages and salaries 4.9 3.3 8.4 8.9 senior staff. Consumables 3.7 5.3 7.2 8.3 Covid consumables 0.3 0.1 0.3 0.0 Electricity 2.1 2.7 4.0 4.9 Increa
Slide 9: Review of Results: G&A
Review of Results G&A 3 months to 6 months to June 30 June 30 ($’m) 2020 2021 2020 2021 Investor relations 0.1 0.1 0.2 0.2 Remains at a low level due to continued travel restrictions Audit fee 0.1 0.1 0.1 0.1 Advisory service fees 0.1 0.1 0.3 0.2 Listing fees 0.1 0.1 0.2 0.2 Directors fees 0.1 0.1 0
Slide 10: Review of Results: Cost per Ounce
Review of Results Cost per ounce 3 months to 6 months to June 30 June 30 ($/oz) 2020 2021 2020 2021 On-mine cost per 811 715 741 772 Below/within guidance range of $740-$815 per ounce ounce All-in sustaining cost 1,075 933 972 1,000 Below/within guidance range of $985-$1,080 per ounce per ounce • 20
Slide 11: Review of Results: Taxation
Review of Results Taxation Q2 2021 Taxation ($’000’s) Zimbabwe South Africa Total • Total effective tax rate of 51% on IFRS profit before tax : Income tax 2,417 204 2,621 • No tax deduction for Glen Hume impairment Withholding tax • No tax deduction for G&A costs incurred in - management fees - 32 3
Slide 12: Review of Results: Cash Flow
Review of Results Cash Flow 3 months to 6 months to June 30 June 30 ($’m) 2020 2021 2020 2021 Cash flow before working capital 9.5 13.7 21.2 23.6 Substantial increase in Q2 cashflows at higher production level Working capital (4.1) 1.3 (4.8) (6.0) Normalisation of gold receivable in Q2 2021 Net inte
Slide 13: Review of Results: Balance Sheet
Review of Results Balance Sheet ($’m) Dec 31 June 30 2020 2021 Non-current assets 133.3 140.9 Other current assets 23.8 29.9 Cash and equivalents 19.1 16.7 Derivative financial assets 1.2 - Gold ETF sold in the Quarter Assets held for sale 0.5 0.5 Mascot exploration asset: sale finalised and proceed
Slide 14: The Zimbabwe Opportunity
The Zimbabwe Opportunity CONNEMARA NORTH Acquired an option for the northern section of the property, for a period of 18 months with the right to explore and to subsequently acquire the mining claims Connemara The total consideration would be $5.3 million (payable in cash or shares) and a 1% net sme
Slide 15: Environment, Social & Governance
Environment, Social & Governance CALEDONIA IS A SOCIALLY CONSCIOUS & RESPONSIBLE BUSINESS CORPORATE GOVERNANCE & ETHICS HEALTH & SAFETY OUR PEOPLE • We operate on Honesty, Integrity, Respect & • We aim for a zero-harm work environment with • 99% of our employees are Zimbabwean, and our Trust, and ou
Slide 16: COVID-19
COVID-19 Donations to the Chamber of Mines Operations continued during the two and communities in 2020 to assist national lockdowns with the Covid-19 pandemic Management has re-introduced strict access controls to the mine and the mine village to limit the rate of transmission of the virus. Blanket
Slide 17: Contacts
Website: www.caledoniamining.com Twitter: @CaledoniaMining Contacts Share Codes: NYSE American – CMCL / AIM – CMCL Caledonia Mining Investment Research London Financial PR: Blytheweigh Mark Learmonth, CFO WH Ireland: www.whirelandplc.com Tim Blythe Tel: +44 (0) 1534 679800 Cantor Fitzgerald: www.can