Ecora Royalties Plc · LSE:ECOR
Ecora Royalties — Anglo Pacific Group — Merger or Acquisition (October 2021)
11 slides from Ecora Royalties's merger presentation, October 2021
Slide 1: Narrabri Thermal Coal Royalty Divestment
Anglo Pacific Group PLC NARRABRI THERMAL COAL ROYALTY DIVESTMENT October 2021
Slide 2: Important Disclaimer
2 IMPORTANT DISCLAIMER This document has been prepared and issued by and is the sole responsibility of Anglo Pacific Group PLC (the “Company”) and its subsidiaries (the “Group”) for selected recipients. It comprises the written materials for a presentation to investors and/or industry professionals
Slide 3: Narrabri Thermal Coal Royalty Disposal
3 NARRABRI THERMAL COAL ROYALTY DISPOSAL Achieves Thermal Coal Royalty Exit Provides Funds for Reinvestment • Divestment of only thermal coal royalty delivers • Accelerates portfolio’s transition to commodities on stated strategy supporting a more sustainable world N AR R ABR I T H ER MAL C OAL R OY
Slide 4: Transaction Overview
4 TRANSACTION OVERVIEW Anglo Pacific has entered into an agreement with Whitehaven Coal Limited, the operator of the Narrabri mine, to sell its only thermal coal royalty. KEY TRANSACTION TERMS ILLUSTRATIVE CONSIDERATION PROFILE (In US$ million) (In US$ million) Historical royalty income Fixed consid
Slide 5: Anglo Pacific's Commodity Exposure Has Been Transformed
5 ANGLO PACIFIC’S COMMODITY EXPOSURE HAS BEEN TRANSFORMED Commodity Exposure by Portfolio Value 31 DECEMBER 2020 (1) PRO FORMA AS OF 30 JUNE 2021 (2) ~30% ~75% 21ST CENTURY 21ST CENTURY COMMODITIES COMMODITIES N AR R ABR I T H ER MAL C OAL R OYAL T Y D IVEST MEN T Base Metals 16% Cobalt 50% Uranium
Slide 6: Line of Sight on Anglo Pacific's Coal Exit
6 LINE OF SIGHT ON ANGLO PACIFIC’S COAL EXIT Coking coal expected to be ~8% of total portfolio contribution by 2025 and rapidly decline thereafter. Portfolio Contribution by Commodity ILLUSTRATIVE 2025 H1 2021 (1) INCLUDING PIAUI & INCOA (EX. NARRABRI) (2) ~35% ~85% 21ST CENTURY 21ST CENTURY COMMODI
Slide 7: 21st Century Commodity Exposure Unique Amongst Royalty Companies
7 21ST CENTURY COMMODITY EXPOSURE UNIQUE AMONGST ROYALTY COMPANIES PRODUCING ROYALTY / STREAM COMMODITY OPERATOR LOCATION ROYALTY RATE / STREAM VOLUME 1 IRON ORE VOISEY’S BAY 2 COBALT VALE CANADA 22.82% CO STREAM COMPANY OF CANADA MANTOS COPPER MANTOS COPPER CHILE 1.525% NSR MCCLEAN LAKE BLANCOS MIL
Slide 8: Transformed Anglo Pacific Group
8 TRANSFORMED ANGLO PACIFIC GROUP A leading non- 21st century commodity exposure Attractive Diversified commodity exposure in precious royalty unique amongst royalty companies Royalty portfolio established mining jurisdictions company Stable long-life Sustainable, through-the-cycle cash Focused on r
Slide 9: Appendix
9 ANGLO P ACI FI C GROUP P LC N AR R ABR I T H ER MAL C OAL R OYAL T Y D IVEST MEN T APPENDIX
Slide 10: Focus on Commodities That Support a More Sustainable World
10 FOCUS ON COMMODITIES THAT SUPPORT A MORE SUSTAINABLE WORLD 21ST CENTURY COMMODITIES ENCOMPASS ENVIRONMENTAL BENEFITS, MANY OF WHICH CRUCIAL TO THE ELECTRIFICATION OF ENERGY CONSUMPTION. 21st Century Commodities Required to Achieve the Electrification of Encompassing Relative Environmental Energy
Slide 11: ESG Considerations Are Central to Anglo Pacific's Investment Process
11 ESG CONSIDERATIONS ARE CENTRAL TO ANGLO PACIFIC’S INVESTMENT PROCESS Summary ESG Due Diligence Framework Environmental Social Governance • Energy supply / use • Host country labour practices • Purpose, values, culture and capabilities • Energy management/emissions • Rights of indigenous peoples r
Anglo Pacific Group — Merger or Acquisition (October 2021) on 6ix