Altius Minerals Corporation · TSX:ALS
Altius Minerals — 2-month stub period ended Dec 31, 2017 Earnings Presentation
11 slides from Altius Minerals's earnings presentation, Mar 15, 2018
Slide 1: December 31, 2017 Financial Results
DECEMBER 31, 2017 FINANCIAL RESULTS March 15, 2018
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This document includes certain statements that constitute “forward‐looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward‐looking statements”). Forward-looking statements include statements regarding A
Slide 3: Overview – December 31, 2017 (2 Months Stub Period)
OVERVIEW – DECEMBER 31, 2017 (2 MONTHS STUB PERIOD) $17.9M ▪ Royalty revenues and EBITDA for December were lower than than in prior quarter but only $14.6M $13.7M represent a 2-month period. $11.0M ▪ On a normalized run rate basis both revenue and EBITDA track higher than prior quarter. ▪ Repaid $3.
Slide 4: Royalty Revenue Growth
ROYALTY REVENUE GROWTH $66M $46M $35M $26M (2 months) FY 2015 FY 2016 FY 2017 LTM Ended Dec. 31-2017* *The 2017 revenues are pro-rated for calendar year end and includes a one time pricing adjustment of $2.6M for Esterhazy. 4
Slide 5: Revenue Mix (Total Revenue Basis Including Project Generation)
REVENUE MIX (TOTAL REVENUE BASIS INCLUDING PROJECT GENERATION) ▪ Year to date revenue mix evolving as per strategy - Base metals, iron ore and potash continue to grow on volume and price improvements while thermal coal continues to be diluted as a result of no price exposure April 30, 2017 (12 month
Slide 6: Highlights – Revenue Growth from Commodity Price Appreciation & Production Gains
HIGHLIGHTS – REVENUE GROWTH FROM COMMODITY PRICE APPRECIATION & PRODUCTION GAINS ▪ Our exposure to copper continues to grow with price increases of 19% since April. ▪ Chapada volumes have increased period over period despite some slight declines at 777. ▪ Potash production increased as production co
Slide 7: Borrowing & Liquidity
BORROWING & LIQUIDITY ▪ Acquired investments of $39 million during the eight months ended December 31, 2017. ▪ In compliance with all debt covenants; effective cash interest rate of ~5.2%. ▪ Additional available liquidity of ~$132 million. ▪ Value of equities and investments of $130 million (not inc
Slide 8: Project Generation Business
PROJECT GENERATION BUSINESS ▪ Vended 33 projects since May 2016 including 3 transactions set to close by end of March. Opening balance represents PG equity fair market values only and does not include cash generated from the PG business in the prior year ($11.4M gross cash,;$6.1M net of expenditures
Slide 9: Commodity Price Sensitivity to Royalty, Revenue & EBITDA
COMMODITY PRICE SENSITIVITY TO ROYALTY, REVENUE & EBITDA ▪ Various mine production volumes which are moderately seasonal ▪ Base metal and bulk commodity prices Average Prices (1) Price EBITDA Commodity Price Leverage (December 31 – 2017) (+/- 10%) (∆) Copper US$3.08/lb $0.31 $1.7M Zinc US$1.53/lb $0
Slide 10: Outlook
OUTLOOK ▪ Revenue guidance of $60 – $65 million assuming 2017 commodity prices ▪ Potash producers continue to increase volumes from lower cost operations and exercise discipline around pre-built growth capacity relative to steady demand growth. ▪ High quality iron ore concentrate and pellets continu
Slide 11: Non-IFRS Measures
NON-IFRS MEASURES Attributable revenue and adjusted EBITDA is intended to provide additional information only and do not have any standardized meaning prescribed under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Othe
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