Kenmare Resources Plc · LSE:KMR
Kenmare Resources — TZMI Conference 2019
15 slides from Kenmare Resources's conference presentation, Nov 13, 2019
Slide 1: TZMI Conference: Responsibly meeting global demand for quality-of-life minerals
TZMI Responsibly meeting Conference global demand for 13 November 2019 quality-of-life minerals
Slide 2: Disclaimer
Disclaimer This Presentation (the “Presentation”) has made available in connection with the assumptions and judgments may or may not been prepared and issued by Kenmare Company. prove to be correct and there can be no Resources plc (the “Company” or “Kenmare”). assurance that any projected results a
Slide 3: Kenmare Resources
Kenmare Resources World’s largest merchant ilmenite producer Wet Concentrator Plant A 4th largest producer of TiO2 feedstocks Currently ~7% of global supply Growing to 10% of global supply by 2021 Moma Titanium Minerals Mine >10 years of operations, 30 years in Mozambique 100+ years life of
Slide 4: Mine process outline
Mine process outline Production, processing and export from one location Low cost, bulk mining operation Dry Mining Surface mineralisation (no overburden) Coastal location with a dedicated port facility Significant co-product revenue Ilmenite products suitable for sulphate and chloride marke
Slide 5: Sustainable operating practices
Sustainable operating practices Kenmare is committed to being a responsible corporate citizen Lost Time Injury Frequency Rate 0.6 man-hours worked Rate per 200,000 LTIFR of 0.12 per 200k man hours worked to 30 June 0.4 2019 0.2 Increased focus on risk assessment and personal accountability 0 201
Slide 6: Strong near term growth
Strong near term growth Expected production of 1.2mtpa ilmenite in 2021, plus co-products 1.4 Millions tonnes 1.2 2019 Guidance Range 1.0 0.8 0.6 0.4 0.2 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2021 Ilmenite production Guidance Production growth driven by low capital intensity brownfield expan
Slide 7: Three development projects
Three development projects On track for all projects to be completed by Q4 2020 WCP B upgrade WCP C development WCP B move 20% capacity upgrade of WCP B Construction of WCP C in final Project execution commenced to complete and delivering to stages, commissioning to start in Q4 move WCP B to Pilivil
Slide 8: WCP C development in final stages
WCP C development in final stages US$45 million estimated capital cost Julia dredge Smaller scale, high grade production WCP C has a target capacity of 500 tph Expected to contribute an additional 110kt per annum of ilmenite, plus associated co-products Targeting a high grade area of the Namal
Slide 9: Execution underway of WCP B move
Execution underway of WCP B move US$106 million estimated capital cost Pilivili ore zone WCP B in operation Highest grade ore zone in Moma’s portfolio Other favourable characteristics including free flowing sand and low slimes Higher grades, additional production Average grade mined of 4.6% TH
Slide 10: Delivering on our plans
Delivering on our plans Sustainably producing 1.2mtpa, plus associated co-products, from 2020 Near-term strategic priorities Continued safe and sustainable operations Achieving production guidance Focus on getting WCP C into production Execution of WCP B move to Pilivili in Q3 2020 Continu
Slide 11: Kenmare is well positioned
Kenmare is well positioned Becoming a first quartile producer Industry revenue to cash cost curves 4 3 R/C Ratio 2 KMR KMR 1 2023 KMR 2018 Q1 2013 Q2 Q4 0 0% 25% 50% 75% 100% 2013 2018 2023 Kenmare is on track to become a first quartile producer from 2021 Increased cash flow stability Ability
Slide 12: Delivering shareholder returns
Delivering shareholder returns Maiden dividend declared H1 2019 profit after tax Dividend policy Commitment to deliver shareholder value Policy to pay a minimum 20% of profit after tax US$21.9m Subject to: Total dividend distribution Market conditions, debt and capital requirements Higher ca
Slide 13: Current vision and strategy
Current vision and strategy Strategy 2019 Focus 2020 Focus Growth Low capital intensity growth to WCP C expected to commence in Q4 Ramp up of WCP C fully utilise existing installed 2019 Move of WCP B to Pilivili facilities Margin expansion Focus on margin expansion First mineral sands co
Slide 14: Follow Kenmare on social media
Follow Kenmare on social media Kenmare has profiles on Facebook, Twitter and LinkedIn, which feature regular updates on our corporate social responsibility initiatives, operational and development milestones, news flow and more Kenmare Resources - TZMI Conference 2019 ` 14
Slide 15: Contact Us
Contact Us Jeremy Dibb IR & Corporate Development +353 1 671 0411 ir@kenmareresources.com Follow Us