Mineral Commodities Ltd · ASX:MRC
Mineral Commodities — H1 2019 Earnings Presentation
13 slides from Mineral Commodities's earnings presentation, Aug 28, 2019
Slide 1: June 2019 Half-Year Results Summary
MINERAL COMMODITIES LTD JUNE 2019 HALF-YEAR RESULTS SUMMARY AUGUST 2019
Slide 2: Caution Statements
Caution Statements Nothing in these materials shall under any circumstances create an implication The information, if any, in this presentation that relates to metallurgy, the This document has been prepared by Mineral Commodities Ltd (MRC or the that there has been no change in the affairs of MRC s
Slide 3: Mineral Commodities Global Overview
MINERAL COMMODITIES GLOBAL OVERVIEW Skaland Flake Graphite Production – 10ktpa Flake Graphite grading ~ 28% Carbon Iran Exploration Tormin Assessing opportunity in highly prospective mineral province. – Under Review Mineral Sands Production - 2.4Mtpa Processing facility producing :Garnet,Ilmenite No
Slide 4: Highlights H1 June 19
HIGHLIGHTS H1 JUNE 19 The Tormin Mineral Sands Operation continued to generate positive cash flows US$30.4 US$10.9 REVENUE UP 6.7% million million EBITDA UP 125% 0.6 INTERIM DIVIDEND US$7.0 NPAT UP 507% cents million US$15.8 CASH POSITION UP 55% US$10 CASH FROM OPERATIONS million million UP 83% 0 LO
Slide 5: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS MRC’s Tormin Mineral Sands Operation continued to generate positive cash flows HALF YEAR REVENUE UP 6.7% to 30 Jun 19 US$30.4 • Increased revenue in the current half-year reflects timing of an to 30 Jun 18 US$28.5 additional ilmenite shipment this half-year in comparison
Slide 6: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS MRC’s Tormin Mineral Sands Operation continued to generate positive cash flows NPAT UP 507% • Material foreign exchange gain from the weakening South African rand and prudent treasury management contributed to significant to 30 Jun 19 US$7.0 profit increase for the period
Slide 7: Half Year Financial Results: Unit Costs & Revenues
HALF YEAR FINANCIAL RESULTS MRC’s Tormin Mineral Sands Operation continued to generate positive cash flows UNIT COSTS & REVENUES • Unit revenue per tonne in the current half-year reflects the Unit revenue per tonne of final concentrate sold ($/wmt) reduction in the proportion of non-magnetic concent
Slide 8: Tormin Mineral Sands Operation
TORMIN MINERAL SANDS OPERATION
Slide 9: 2.9 million hours worked, 1 lost time injury
Since commencement of operations at the Tormin site in late 2013, MRC has incurred 1 Lost Time Injury in April 2017, for in excess of 2.9 million hours worked
Slide 10: Commitment to Community
COMMITMENT TO ZAR3.2 million COMMUNITY Spent on Historically Disadvantaged South Africans (HDSA) Social Labour Plan, including bursaries, scholarships, traineeships, apprenticeships, adult basic education programs, community-based enterprise and infrastructure support development, and the sponsoring
Slide 11: Tormin Operations
TORMIN OPERATIONS The Company continued its strong operating performance during the first half of 2019. Mining and processing operations at the Tormin Mineral Sands mine were optimised to manage the current run of mine Total Heavy Mineral beach grade and replenishment cycle. Mining and processing pr
Slide 12: Production & Sales
PRODUCTION & SALES Production and Sales Performance June H1 2019 MINING PRODUCTION TONNES TONNES MINED / PROCESSED CONCENTRATE TONNES PRODUCED (1) CONCENTRATE TONNES SOLD (2) 1,600,000 1,344,414 95,226 140,000 120,000 1,270,312 120,000 130,009 100,000 1,206,302 108,385 106,576 100,000 1,400,000 80,0
Slide 13: Focus for Future Success
FOCUS FOR FUTURE SUCCESS Significant positive catalysts ahead TORMIN MUNGLINUP SKALAND • Secure permitting to extend • Finalise DFS • Complete transaction Tormin target LOM +10y • Complete marketing • Optimise processing through additional resource agreements flowsheet definition • Increase nameplat