First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Shareholder Meeting (May 2013)
34 slides from First Quantum Minerals's shareholder meeting presentation, May 7, 2013
Slide 1: The New Leader in Global Copper
The New Leader in Global Copper First Quantum Minerals Annual General Meeting May 7, 2013 Global Diversified
Slide 2: Philip K.R. Pascall, Chairman & CEO
Philip K.R. Pascall Chairman & CEO Annual General Meeting May 7, 2013 Global Diversified
Slide 3: Nominees for Election to the Board
Nominees for Election to the Board Philip K. R. Pascall G. Clive Newall Martin R. Rowley Peter St. George Andrew B. Adams Michael Martineau Paul Brunner Michael Hanley Robert Harding Annual General Meeting – May 7, 2013 3
Slide 4: Our Board of Directors
Our Board of Directors Philip K. R. Pascall G. Clive Newall Martin R. Rowley Peter St. George Andrew B. Adams Michael Martineau Paul Brunner Michael Hanley Robert Harding Annual General Meeting – May 7, 2013 4
Slide 5: Philip K.R. Pascall, Chairman & CEO
Philip K.R. Pascall Chairman & CEO Annual General Meeting May 7, 2013 Global Diversified
Slide 6: Clive Newall, President
Clive Newall President Annual General Meeting May 7, 2013 Global Diversified
Slide 7: Cautionary Note Regarding Forward-Looking Statement
Cautionary Note Regarding Forward-Looking Statement Certain statements and information contained in this presentation, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such for
Slide 8: Strong Q1 2013 Results
Strong Q1 2013 Results US$ millions unless otherwise noted Q1 2013 Q1 2012 Change Revenues 901.2 728.7 24% Comparative earnings – per share $0.32 $0.25 28% Cash flow after working capital changes 416.4 138.5 201% Cash 1,857.6 1,026.6 81% Copper production - tonnes 79,308 65,869 20% Nickel production
Slide 9: A Significant Step Forward in Our Growth & Diversification Strategy
A Significant Step Forward in Our Growth & Diversification Strategy Australia Australia 6% Americas 8% Americas 9% 16% Americas 35% Europe Africa 16% 49% Europe Africa 65% 67% Europe 29% 1 Mtpa1 300 Ktpa1 1.3 Mtpa 1 2018E Copper production. Source: BrookHunt 9
Slide 10: Geographically Diversified Portfolio of High-Quality Operations & Projects
Geographically Diversified Portfolio of High-Quality Operations & Projects 10
Slide 11: High-Quality, Stable Operations
High-Quality, Stable Operations 11
Slide 12: High-Quality, Stable Operations: Kansanshi 2012
High-Quality, Stable Operations KANSANSHI 2012 • 13% higher copper production • New annual record 12
Slide 13: High-Quality, Stable Operations: Kansanshi expansion
High-Quality, Stable Operations KANSANSHI 2012 • Expanded the oxide processing capacity • Started Stage 2 expansion 13
Slide 14: High-Quality, Stable Operations: Kansanshi 2013
High-Quality, Stable Operations KANSANSHI 2013 • Complete Stage 2 Expansion • Start Sulphide expansion 14
Slide 15: High-Quality, Stable Operations: Guelb Moghrein
High-Quality, Stable Operations GUELB MOGHREIN 2012 • Higher Production • Maintaining Steady-state operations 15
Slide 16: Guelb Moghrein: Evaluating Magnetite By-product
High-Quality, Stable Operations GUELB MOGHREIN • Evaluating Potential to recover magnetite as a by-product 16
Slide 17: High-Quality, Stable Operations: Ravensthorpe
High-Quality, Stable Operations RAVENSTHORPE • Exceeding Expectations • Proved Technical expertise 17
Slide 18: High-Quality, Stable Operations: Kevitsa
High-Quality, Stable Operations KEVITSA • On-Time Project completion • Higher Than Plan Throughput rates achieved 18
Slide 19: High-Quality, Stable Operations: Las Cruces
High-Quality, Stable Operations LAS CRUCES • Location: Southern Spain • High-grade Average reserve grade : 6.2% copper • Low-cost Q1 ‘13 cash cost : $1.00/lb 19
Slide 20: High-Quality, Stable Operations: Çayeli
High-Quality, Stable Operations ÇAYELI • Location: Turkey • High-grade Copper : 3.2% Zinc : 4.3% • Low-cost Q1 ‘13 cash cost : $0.93/lb copper 20
Slide 21: High-Quality, Stable Operations: Pyhäsalmi
High-Quality, Stable Operations PYHÄSALMI • Location: Finland • Efficient operation Copper : 1.1% Zinc : 2.1% • Low-cost Q1 ‘13 cash cost : ($0.55)/lb copper 21
Slide 22: Our Project Pipeline
Our Project Pipeline Development Projects
Slide 23: Our Project Pipeline: Copper Smelter
Our Project Pipeline COPPER SMELTER • Capacity: 1.2M tonnes per year • Completion: Mid-2014 • Capex ~$650M • Est. savings: $340 - $510/year 23
Slide 24: Our Project Pipeline: Sentinel
Our Project Pipeline SENTINEL • Capacity: 270k tonnes – 300k tonnes per year • Completion: Mid-2014 • Capex ~$2B including Enterperise nickel project 24
Slide 25: Our Project Pipeline: Cobre Panama
Our Project Pipeline COBRE PANAMA • Acquired: March 2013 • Large Open pit copper project • Est. mine life: 40 years • Est. avg annual production: 260k tonnes copper 25
Slide 26: Our Project Pipeline: Haquira
Our Project Pipeline HAQUIRA • Focused on community & environmental aspects • Potential: - 20 year mine life - Avg 190k tonnes of copper production per year 26
Slide 27: Our Growth Profile
Our Growth Profile Proven Track Record of Developing & Operating Mines Pipeline 000’s tonnes copper 000’s tonnes nickel Cobre Haquira 1,200 90 Panama Enterprise 80 Sentinel 70 Kansanshi Expansion 800 60 and Smelter 50 40 400 30 20 10 -- 0 2001 2001 2002 2002 2003 2003 2004 2004 2005 2006 2005 2006 2
Slide 28: Leading Copper Growth
Freeport-McMoRan 1.8 Glencore Xstrata 1.5 Codelco 1.5 First Quantum 1.3 BHP Billiton 1.2 Leading Copper Growth Southern Copper 0.9 Rio Tinto 0.8 Anglo American 0.8 KGHM 0.6 Source: BrookHunt Kazakhmys 0.5 2018E Copper Production, Mt Teck Resources 0.5 Vale 0.5 Antofagasta 0.4 Norilsk 0.4 First Quant
Slide 29: Building on Our Record of Delivering Value to Shareholders
Building on Our Record of Delivering Value to Shareholders Total Annualized Shareholder Return 2000 – 2012 First Quantum Southern Copper Antofagasta BHP Teck Freeport Rio Tinto 2 Xstrata 3 Norilsk Anglo American 4 Kazakhmys 29
Slide 30: An Exciting Future Ahead
The New Global Copper Leader The New Go-To Copper Producer Attractive Diverse Geographic Exposure A Long-Standing Commitment to Social and Environmental Excellence Creating Value with Our Project Development Expertise An Exciting Future Ahead 30
Slide 31: Philip K.R. Pascall, Chairman & CEO
Philip K.R. Pascall Chairman & CEO Annual General Meeting May 7, 2013 Global Diversified
Slide 32: Cobre Panama Project
Cobre Panama Project • Larger project than the Panama Canal 32
Slide 33: Cobre Panama Project
Cobre Panama Project • Major aspect in our acquisition decision • Speeding up access to site 33
Slide 34: The New Leader in Global Copper
The New Leader in Global Copper First Quantum Minerals Annual General Meeting May 7, 2013 Global Diversified
First Quantum Minerals — Shareholder Meeting (May 2013) on 6ix