Aurelia Metals Limited · ASX:AMI
Aurelia Metals — FY2021 Earnings Presentation
25 slides from Aurelia Metals's earnings presentation, Aug 25, 2021
Slide 1: FY21 Financial Results and Outlook
FY21 Financial Results and Outlook 25 August 2021 Dan Clifford - Managing Director lan Poole - Chief Financial Officer aurelia METALS Ltd.
Slide 2: Forward looking statements
Forward looking statements This presentation has been prepared by Aurelia Metals Limited (“AMI" or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those
Slide 3: FY21 financial results
aurelia + FY21 financial results
Slide 4: FY21 guidance achieved or outperformed
SS = FY21 guidance achieved or outperformed = Record Au-equivalent annual production = Record underlying EBITDA 125% growth in underlying NPAT = Strong balance sheet maintained with net cash of A$25M auretia METALS Ltd. Successful acquisition and integration of Dargues Mine Three cash generative ass
Slide 5: FY21 financial highlights
FY21 financial highlights auretia METALS Led. } Key metric Units FY21 FY20 % chg Revenue A$M 416.5 331.8 +26% EBITDA - statutory A$M 154.1 103.4 +49% EBITDA - underlying A$M 168.6 99.6 +69% EBITDA Margin - underlying % 40% 30% +33% Net Profit After Tax - statutory A$M 42.9 29.4 +46% Net Profit After
Slide 6: Sales price by metal (A$M)
▪ ▪ ▪ ▪ ▪ Sales price by metal (A$M) Zinc 11 Lead (2) Copper 10 Silver 4 Gold 16
Slide 7: Revenue by metal
▪ ▪ ▪ ▪ ▪ Zinc ▪ Lead Copper Silver ▪ Gold
Slide 8: Cash flow and net cash movement
▪ ▪ ▪ (200) (100) - 100 200 Debt proceeds Equity proceeds Investment in Dargues Stamp duty Transaction costs ▪ ▪
Slide 9: FY22 outlook
aurelia + FY22 outlook
Slide 10: Quarterly outlook FY22
Sept Qtr 21 Dec Qtr 21 Mar Qtr 22 Jun Qtr 22
Slide 11: FY22 production and cost guidance
112 – 123 92 104 Payable Gold Payable Copper / Zinc / Lead / Silver (koz Au eq) FY20 FY21 FY22e 6.3 4.7 3.5 – 4.0 FY20 FY21 FY22e 31.0 – 34.5 20.1 25.1 FY20 FY21 FY22e 21.6 25.9 24.5 – 27.0 FY20 FY21 FY22e FY20 FY21 FY22e
Slide 12: Strategy delivery
aurelia METALS Ltd. Strategy delivery
Slide 13: Organic growth at its best with flexible, early processing options
© Hera-Federation Complex Organic growth at its best with flexible, early processing options Federation Federation Resource Federation Federation discovered update # Resource maiden Ore Nor od Maiden update Reserve mine Federation Scoping Study Federation Resource development <— CY2018 > 2019 FEDERA
Slide 14: Kairos ramp-up and Great Cobar development
© Peak Mines Kairos ramp-up and Great Cobar development Kairos discovered Peak Mine acquired Pb/Zn plant upgrade completed <— CY2018 > 2019 First Kairos stoped ore Great Cobar (GC) maiden Ore Reserve MROR update GREAT COBAR SCHEDULE EIS Preparation and Approval Pre-Feasibility Study (PFS) Exploratio
Slide 15: Output expansion and life extension opportunities
© Dargues Mine Output expansion and life extension opportunities Dargues Mine acquired 1 Phase 2 drilling Phase 1 @ NewMRORestimates ? MROR update drilling 5 . - Nameplate mine integratiot throughput achieved achieved <— CY2018 > 2019 POTENTIAL EXPANSION SCHEDULE 1HCY21 2HCY21 IH CY22 2H CY22 1H CY2
Slide 16: Gold dominant asset base
Gold dominantasset base [i.% Outstanding organic growth Continued tangible steps to with a ‘natural’ hedge supported by improving asset quality ofhigh grade base metals F°.. a strong Balance Sheet auretia METALS Ltd.
Slide 17: Appendix
Slide 18: Reconciliation of statutory and underlying results
Reconciliation of statutory and underlying results Underlying net profit: $'000 Net profit before income tax expense 71,614 Add back: Business Combinations - Dargues Gold Mine acquisition costs and stamp duty 20,002 - 100% Fair value adjustment/remeasurement of financial assets and liabilities (5,47
Slide 19: Shareholder register by investor type
Australian institutions International institutions Other
Slide 20: Our strategy
Our strategy Simple, durable and returns focussed Sustainable progression An organisation that excels through our people and superior performance Atrusted, sustainable and beneficial presence in the areas in which we operate Sweat our infrastructure and assets Leverage off a strategic asset base in
Slide 21: Share price performance Jun-20 to Jun-21
0 5 10 15 20 25 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 0 5 10 15 20 25 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Slide 22: Sweat our infrastructure and assets
2 Sweat our infrastructure and assets Maximise returns via mine life extensions and operating discipline driving margin Kairos , Federation ' i _--* Dargues Near mine, high NSR A ee —— oo 4" Nerth material prioritised to mills ------------"7--77" Great Cobar High IRR life extensions and Value lies i
Slide 23: Direct the $ to the highest return
3) Direct the $ to the highest return Astructured capital allocation model aimed at IRR "Growth profile underpinned by financial discipline and tension for the $ deployed to exploration and future investments = Premier landholding in the Cobar Basin; undercapitalised over the past 10 years = High ne
Slide 24: Deliver long term value and returns growth
4 Deliver long term value and returns growth Targeting top quartilereturns on.equity A portfolio of 4-5 A simple and assets driving durable strategy improving reserve and cost base Cycle-proofed mine lives and commodity mix 24
Slide 25: Contact
aurelia Je METALS Ltd. Contact Telephone: +61 7 3180 5000 Email: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au