Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — 1H 2023 Earnings Presentation
16 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, Sep 29, 2023
Slide 1: 1H Results Presentation
Click to edit Master text styles 1H Results Presentation 29th September 2023 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Copper Gold Tbk (“Merdeka” or “MDKA”) and its subsidiaries and consists of written materials/slides for a presentation concerning Merdeka. By reviewing/attending this presentation, you agree to be bound by the following considerations: No
Slide 3: 1H 2023 Highlights
1H 2023 Highlights Consolidated revenue and EBITDA of US$520 million and US$75 million Group production of 64,277 ounces of gold, 7,181 tonnes of copper, 21,238 tonnes of nickel in NPI and 4,438 tonnes of nickel in nickel matte Group sales of 49,540 ounces of gold, 7,876 tonnes of copper, 19,222 ton
Slide 4: Gold Highlights
1H 2023 Gold Highlights Gold Production and AISC Commentary 80 2,000 • Production for 1H 2023 was in line with the planned mining 69.7 schedule 70 1,794 64.3 1,800 • Gold produced in 1H 2023 was 64,277 ounces at an AISC of 60 $1,141/oz 1,600 • MDKA is on track to achieve guidance of 120,000 – 140,00
Slide 5: Copper Highlights
1H 2023 Copper Highlights Copper Production and AISC Commentary 12.0 6.0 • Production in 1H 2023 was in line with the planned mining schedule 10.0 4.8 4.9 9.9 4.8 5.0 • Copper produced in 1H 2023 was 7,181 tonnes at an AISC of US$10,714/t 3.9 • Copper production guidance revised to 14,000 – 16,000 a
Slide 6: NPI Highlights
1H 2023 NPI Highlights NPI Production and AISC Commentary 25.0 16,000 • Production in 1H 2023 was 21,238 tonnes of nickel in NPI 15,466 21.2 • A third RKEF smelter, PT Zhao Hui Nickel (“ZHN”) was successfully commissioned in June 2023, producing 2,145 tonnes 15,095 20.0 of nickel in NPI. ZHN will mo
Slide 7: Nickel Matte Highlights
1H 2023 Nickel Matte Highlights Nickel Matte Converter and HGNM Product Commentary • On 31 May 2023, MBMA completed the acquisition of a 60% interest in PT Huaneng Metal Industry (“HNMI”), a high-grade nickel matte (“HGNM”) conversion facility located in IMIP, with the remaining 40% interest held by
Slide 8: 1H 2023 Financial Highlights
1H 2023 Financial Highlights In US$ million 1H 2022 1H 2023 Commentary Profit & Loss • Increase in revenue, mostly attributable to US$222 million of Consolidated revenue 341 520 nickel sales from MBMA Cost of revenue (237) (474) • Group EBITDA of US$75 million in 1H 2023. The 1H 2022 EBITDA 183 75 E
Slide 9: 1H 2023 Financial Highlights
1H 2023 Financial Highlights Revenue (US$ million) EBITDA (US$ million) Gold & Silver Copper HGNM Nickel 183 301 172 75 156 68 160 98 53 166 143 44 53 69 30 31 37 147 37 32 102 73 39 42 61 Q3 2022 Q4 2022 Q1 2023 Q2 2023 1H 2022 1H 2023 Q3 2022 Q4 2022 Q1 2023 Q2 2023 1H 2022 1H 2023 Average Realise
Slide 10: SCM Mine Haul Road
SCM Mine Haul Road The dedicated haul road upgrade linking the mine site to IMIP is now complete and saprolite ore haulage has commenced 10
Slide 11: SCM Mine Haul Road (cont.)
SCM Mine Haul Road (cont.) In mid August, MBM loaded the first shipment of saprolite ore onto haulage trucks for delivery to IMIP RKEF plants 11
Slide 12: HPAL Development Plan
HPAL Development Plan MBM plans to develop multiple HPAL processing plants in partnership with leading battery material companies Partner CATL GEM • Nameplate capacity of 30ktpa of nickel in MHP, to be Capacity • Nameplate capacity of 60ktpa of nickel in MHP developed in two stages: Stage 1 at 20ktp
Slide 13: Pani Gold Project
Pani Gold Project Combined Pani Gold Project Schematic Section Pani is expected to be a long-life and low-cost gold mine producing more than 450,000 ounces of gold per annum upon achieving maximum throughput A combined mineral resource estimate was declared in February 2023 and further upgraded in M
Slide 14: Pani Development Progress
Pani Development Progress Pre-development construction activities continued across the site, with the development of an independent access road, establishment of accommodation facilities, and supporting infrastructure Bypass Road Pioneer Camp Core Shed Activities 14
Slide 15: Summary
Summary MDKA on track to deliver gold production of 120,000 to 140,000 ounces at an AISC of US$1,100 – 1,300/oz, net of silver credits. Copper production guidance revised to 14,000 to 16,000 tonnes at an AISC of US$4.20 – 5.00/lb MBMA production guidance upgraded to reflect expected production of 21
Slide 16: Click to edit Master text styles
Click to edit Master text styles For more information, please contact or visit investor.relations@merdekacoppergold.com www.merdekacoppergold.com 16
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