Seligdar · RUS:SELG
Seligdar — Investor Day (July 2023)
29 slides from Seligdar's investor day presentation, July 2023
Slide 1: Seligdar Polymetallic Holding
‘Action is born as a thought’ Seligdar Polymetallic Holding Investor Day on Moscow Exchange July 2023 1
Slide 2: Seligdar today
Seligdar today LARGE POLYMETALLIC HOLDING COMPANY STRATEGY 2030 TARGETS INVESTMENT PERFORMANCE 48 years in mining 20 tonnes of gold per year TOP-10 Russian gold mining 14-16 thousand tonnes of tin Over 85 thousand companies per year shareholders Largest tin producer GROWTH PROJECTS RUB 12.2 billion
Slide 3: Gold division: key changes over year
Gold division: key changes over year Operating assets Growth projects Laboratory complex in Aldan town Khvoyny project o The only in Yakutia fully automated robotic laboratory o Main machinery and equipment were contracted o Cutting-edge equipment and automated control o Construction of the prod
Slide 4: Tin division: key changes over year
Tin division: key changes over year Operating assets Growth projects Pravourmiyskiy production complex Pyrkakay Stockworks project o Construction of road from Suluk railway station to o Exploration is underway, 5,000+ running metres Pravourmiyskiy is underway; 5 bridges are constructed were dril
Slide 5: Corporate events
Corporate events Shares Bonds July 2022 – shares were transferred to Level 1 quotation Rouble bonds placement (November 2022) list on the Moscow Exchange Placement volume - 10 billion Russian roubles August 2022 – placement of 37,645,270 ordinary shares Maturity 3 years, coupon rate 10.8% of a
Slide 6: Share capital
Share capital Level 1 quotation list Shares outstanding 1,030,000,000 Moscow Exchange Indices Ticker SELG o Broad Market Index Exchange Moscow Exchange o Small and Medium Capitalisation Stock Index Listing Level 1 o Metals and Mining Index Free float 25% o Waiting list for the MOEX Russia Index
Slide 7: Investment performance
Investment performance Increasing stock liquidity Comparative dynamics of Seligdar shares and MOEX RUB 12.2 billion – trading volume for 6М2023 indices over 12 months vs RUB 8.4 billion for 12М2022 Seligdar 41% MOEX Russia Index 32% RUB 98 million – average daily trading volume in 6М2023 Metals an
Slide 8: Operating and financial results
Operating and financial results 8
Slide 9: Mineral reserve base expansion
Mineral reserve base expansion 01.01.2020 Balance reserves change 01.01.2023 29 -39 175 -1 272 107 107 tonnes of gold 272 tonnes of gold Reserves as at Kyuchus Other Gold mined Returned Reserves as at 01.01.2020 acquisitions licenses 01.01.2023 and exploration 243 12 -17 405 167 thousand 167 405 tho
Slide 10: Operating results
Operating results 2020 2021 2022 Gold division Ore mined, million t 11.2 16.7 14.2 Doré gold produced, kg 7,015 7,127 7,555 Gold produced*, kg 7,018 7,218 7,563 Tin division Ore mined, thousand t 499 585 671 Tin in concentrate produced, t 2,539 2,908 2,901 Tungsten in concentrate produced, t 72 47 8
Slide 11: Financial results
Financial results Change Change RUB million 2020 2021 2022 y-o-y y-o-y Revenue 33,314 35,616 7% 34,722 -3% Gold sales 27,022 27,604 2% 26,687 -3% Tin, tungsten and copper concentrates sales 2,763 5,948 115% 5,997 1% Other revenue 3,529 2,064 -42% 2,037 -1% Gross profit 14,589 16,927 16% 10,973 -35%
Slide 12: Revenue and expenses
Revenue and expenses Revenue breakdown Gold sales revenue in 2022, RUB billion 2021 2022 - 1.9 Gold sales Gold sales 3.0 77.5% 76.9% - 2.0 27.6 26.7 2021 Sales volume Increase in Russian rouble 2022 Other sales Concentrates sales Other sales Concentrates sales growth average appreciation 5.8% 16.7%
Slide 13: Loans and borrowings
Loans and borrowings Debt as at 30.06.2023 Debt by instrument as at 30.06.2023 o Total debt* – RUB 55.7 billion o Net debt – RUB 34.8 billion Bonds 40% Main instrument – gold-nominated loan o Annual interest rate 4.95% o Volume 5.2 t as at 30.06.2023 Bank loan Two bond issues: in Russian roubl
Slide 14: Bonds
Bonds New stage of Seligdar development: Transition from bank loans to market-based financing November 2022 001Р-01 RUB 10 billion RUB 1 thousand 3 years 182 days 10.8% May 2023 GOLD01 2,226,146 g Gold 1 g 5 years 91 days 5.5% Rouble bonds Gold bonds High investor demand: o over 2 thousand purchas
Slide 15: Strategy and growth projects
Strategy and growth projects 15
Slide 16: Stages of Seligdar's business growth
Stages of Seligdar’s business growth New Sustainable Development Strategy approved 2022-2030 TOP-10 in gold mining (10% in Russia) Product portfolio : 2018-2021 gold division (75%) – Au and Ag tin division (25%) – Sn, W and Cu TOP-10 in gold mining own metallurgical production Product portfolio : Te
Slide 17: Kyuchus strategic project
Kyuchus strategic project Kyuchus deposit is located in the Ust-Yanskiy and Location Verkhoyanskiy district of the Republic of Sakha (Yakutia)) 175 tonnes of gold Mineral reserve base Gold reserves increase up to 250-280 tonnes is expected Kyuchus resulting from follow-up exploration Expected Republ
Slide 18: Pyrkakay stockworks strategic project
Pyrkakay stockworks strategic project Pyrkakay stockworks deposit in the Chaunskiy district of Location Chukotka Autonomous Okrug Mineral reserve 243 thousand tonnes of tin and 16 thousand tonnes of base tungsten trioxide Expected 6 million tonnes of ore after full ramp-up Pyrkakay stockworks produc
Slide 19: Khvoyny strategic project
Khvoyny strategic project Project Construction of a gold processing plant with a capacity of 3 million tonnes of ore per year Location Khvoynoye deposit (Nizhne-Yakokitskoye ore field) in the Aldan district of the Republic of Sakha (Yakutia) Mineral reserve Balance reserves С1+С2* 16.8 tonnes of gol
Slide 20: Innovative technologies in gold mining
Innovative technologies in gold mining Project Ore thermal treatment facility National Award of the Republic of Sakha (Yakutia) in Material Production ‘ 2022 Location Samolazovskiy production complex in the Aldan district of the Republic of Sakha (Yakutia) Mineral reserve Balance reserves С1+С2* 8.3
Slide 21: Innovative technologies in tin mining
Innovative technologies in tin mining Project X-Ray transmission (XRT) sorting Tin ore preliminary treatment method Location Pravourmiyskiy and Solnechny production complexes in the Khabarovsk region Khabarovsk region Technology The technology allows separating heavy mineral ores from waste rock due
Slide 22: Modernisation, innovations and automation
Modernisation, innovations and automation SCIENTIFIC AND TECHNICAL COUNCIL Scientific and technical support for the Development Strategy implementation Increase in efficiency of R&D implementation and financing HI-TECH SOLUTIONS AND MODERNISATION ZEB Horizon laser mine scanning technology was
Slide 23: Social responsibility
Social responsibility 3.9+ thousand employees Forbes Rating of Russia’s over 50% - citizens of the Company's regions of operations best employers 2022 ‘Silver’ status Employee breakdown by work region Expenses on social benefits programmes Moscow Health resort Employee 5% vacations Khabarovsk region
Slide 24: Environmental responsibility
Environmental responsibility Ecological policy of Seligdar PJSC was approved in 2022 Agreement on investment projects consultation with the Federal Service for Supervision of Natural Resources was signed Capacity of the semi-dry tailings storage facility was increased at the Ryabinovy producti
Slide 25: Corporate governance
Corporate governance In 2022 number of directors on the Board was increased TOP-20 in National Corporate Governance Index for 2022 from 10 to 12 5 independent directors are on the Board Conflict of Interest Regulations, Corporate Governance CORPORATE GOVERNANCE STRUCTURE Code, Internal Audit P
Slide 26: Appendices
ASELIGDAR Appendices 26
Slide 27: Holding structure
Holding structure Seligdar PJSC (MOEX: SELG) 100% 100% 100% 100% Rusolovo PJSC Artel Starateley Choulkovskoye Dvadtsat tretya (MOEX: ROLO) Ryabinovoye LLC Samolazovskoe Ltd OMC Ltd* Sininda-1 Ltd LLC kontsessionnaya kompaniya LLC 95.12% 65% 51% Tin Mining 100% 100% 100% 100% Company JSC Vostochnaya
Slide 28: Assets portfolio
Assets portfolio Nizhne-Yakokitskiy Samolazovskiy Ryabinovy Yurskiy Lunny Nizhne-Yakokitskoye ore Samolazovskoye Ryabinovoye Alluvials Lunnoye field deposit deposit deposit Reserves Au 17.8 t Reserves Au 8.3 t Reserves Au 6.4 t Reserves Au 3.5 t Reserves Au 5.8 t 43% gold production 7% gold producti
Slide 29: Disclaimer
Disclaimer Information contained in this document may include estimates and other forward-looking statements regarding intentions, plans, future events, financial, operational or other activities of Seligdar Public Joint Stock Company (herein referred as Seligdar PJSC, Seligdar, Company or Holding)