Regis Resources Limited · ASX:RRL
Regis Resources — Shareholder Meeting (November 2019)
24 slides from Regis Resources's shareholder meeting presentation, Nov 26, 2019
Slide 1: 2019 Annual General Meeting
For personal use only 2019 ANNUAL GENERAL MEETING – 26 November 2019 JIM BEYER – Managing Director & CEO ASX:RRL
Slide 2: Cautionary Statement
2 CAUTIONARY STATEMENT For personal use only This presentation contains only a brief overview of Regis Resources Limited and its affects the information included in the Relevant ASX Announcements and in each case the associated entities (“Regis or RRL") and their respective activities and operations
Slide 3: Corporate Overview
3 CORPORATE OVERVIEW CAPITAL STRUCTURE 12 MONTH SHARE PRICE PERFORMANCE For personal use only ASX Code RRL 20 7.00 18 Issued capital1 508.2M shares 16 6.00 14 5.00 Market capitalisation2 A$2.3B 12 Millions 4.00 $AUD Cash and gold on hand3 A$147M 10 8 3.00 Borrowings3 Nil 6 2.00 4 1.00 Resources4 8.2
Slide 4: Corporate Highlights
4 CORPORATE HIGHLIGHTS For personal use only A$2.3B company with 8.2Moz in Resources and 4.0Moz in Reserves with consistent reserve replacement Production Guidance of 340,000 - 370,000oz gold production at A$1,125-$1,195/oz AISC and Growth Capital of ~A$62m for FY2020 Strong dividend stream with cum
Slide 5: Review of FY2019 Operations
5 REVIEW OF FY2019 OPERATIONS FY19 FY18 For personal use only Net profit after tax of $163.1 million (FY18: $174.2 million) Ore mined Mbcm 4.3 4.6 Full year dividend for FY19 to 16cps Waste mined Mbcm 28.1 20.1 EBITDA of $306.8 million with strong EBITDA margin of 47% Strip ratio w:o 6.6 4.4 Year en
Slide 6: Cashflow Waterfall
6 CASHFLOW WATERFALL Cash & Gold on Hand - 30 June 2019 For personal use only $600m $328.7m $500m ($81.2m) $400m ($96.1m) $300m ($34.8m) ($57.4m) $208.8m $205.3m $200m ($54.0m) ($8.7m) $100m Strong cashflow from operations of $328.7 million for FY2019 underpinned payment of $81.2 million in dividend
Slide 7: Strong Historic Performance on Profit Measures
7 STRONG HISTORIC PERFORMANCE ON PROFIT MEASURES For personal use only Revenue Net Profit After Tax 200 700 654 606 174 180 163 600 544 160 502 138 500 465 140 120 112 $ millions $ millions 400 100 87 300 80 200 60 40 100 20 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 EBITDA Earnings & Div
Slide 8: Dividend
8 DIVIDEND Regis is one of the Australian gold industry leaders on dividend payment metrics For personal use only Full year 16 cps ($81m) fully franked payout: 12.4% of FY19 revenue and 26.4% of EBITDA* 3.5% basic dividend yield** 5.0% grossed up (for 100% franking) dividend yield** Regis has paid a
Slide 9: Our People – The Foundation of Our Success
9 OUR PEOPLE – THE FOUNDATION OF OUR SUCCESS 950 PEOPLE IN TOTAL – 338 EMPLOYEES AND 612 CONTRACTORS For personal use only 35 TRENDING THE RIGHT WAY WITH ROOM TO KEEP IMPROVING 30 25 20 15 Apr-19 Oct-18 Mar-19 Jan-19 Jun-18 Jul-18 Jun-19 Jul-19 Aug-18 Aug-19 Sep-18 Dec-18 Nov-18 Feb-19 May-19 Sep-19
Slide 10: Transparent Sustainability and ESG Reporting
10 TRANSPARENT SUSTAINABILITY AND ESG REPORTING For personal use only Sustainability Metrics Health & Safety People & Culture Mental Health & Wellbeing Environment Rehabilitation & Closure Social Performance Corporate Governance
Slide 11: Reducing Costs and Improving Conditions for Our People
11 REDUCING COSTS AND IMPROVING CONDITIONS FOR OUR PEOPLE Upgraded airstrip – direct jet flights to Duketon For personal use only The Dirk Buurman Terminal
Slide 12: Building on Our Charitable Work
12 BUILDING ON OUR CHARITABLE WORK Helping our people make a difference For personal use only MACA CANCER 200 RIDE BY REGIS TEAM In total the Regis Team raised $100,750.
Slide 13: Growth Strategy Continues
13 GROWTH STRATEGY CONTINUES For personal use only Underground Rosemont Garden Well Baneygo Tooheys Well Gloster Moolart Well Garden Well Baneygo Tooheys Well Gloster Open Pits Extension Expansion Development Expansion Expansion Discovery New Projects McPhillamys Ridge Active projects New sustaining
Slide 14: Continued Life Extension - Reserve Growth
14 CONTINUED LIFE EXTENSION - RESERVE GROWTH For personal use only The major contributors to the near replacement in CONSISTENTLY REPLACING RESERVES FY2019 of Ore Reserves were: 4.5 Maiden Underground Ore Reserve at 4.06 4.03 4.0 Rosemont of 123,000 ounces; and 3.5 89,000 ounces at Moolart Well – Ex
Slide 15: FY20 Guidance and Medium Term Outlook
15 FY20 GUIDANCE AND MEDIUM TERM OUTLOOK Steady production growth with increasing underground contribution For personal use only Production Guidance 340,000 - 370,000oz gold production at A$1,125-$1,195/oz AISC 10% Future Potential Production Step Change McPhillamys Gold Project 400,000 Discovery Ri
Slide 16: Rosemont Underground Mine
16 ROSEMONT UNDERGROUND MINE First Development Progressing on plan Ore Delivered In July For personal use only PRE-FEASIBILITY STUDY METRICS1 Commencement Capital A$36 million Maximum Cash Outflow A$41 million Average Mining Rate 480 - 600ktpa Operating Cost A$1,120/oz Mine Life ~5 years First Ore S
Slide 17: Rosemont Underground Mine
17 ROSEMONT UNDERGROUND MINE Progressing on Plan For personal use only First U/G ore to mill Key Milestones achieved to date: Total development of over 2.5km U/G Diamond Drilling underway Main U/G sub station commissioned Stage 2 fleet mobilised Ventilation adit nearing completion First Ore First or
Slide 18: Garden Well Underground – Taking Shape
18 GARDEN WELL UNDERGROUND – TAKING SHAPE For personal use only HIGH-GRADE SOUTHERN PLUNGE HIGHLIGHTS UG POTENTIAL Zone of continuous mineralisation up to 10m true widths, 80 – 100m height & 300m N-S strike and extends mineralisation >300m below surface Recent Highlights : 11m @ 7.9 g/t Au 7m @ 4.0
Slide 19: McPhillamys Gold Project
19 MCPHILLAMYS GOLD PROJECT A Significant Organic Growth Opportunity For personal use only Development Application (DA) is progressing – Exhibition and Submission period has closed. Regis’ Response to Submissions (RTS) now underway DA outcomes feed into the Definitive Feasibility Study (DFS) DFS wil
Slide 20: McPhillamys Gold Project
20 MCPHILLAMYS GOLD PROJECT 100% owned and one of Australia’s larger undeveloped open pittable gold resources For personal use only ANNUAL PRODUCTION AND MILLED GRADE 250 1.6 PRE-FEASIBILITY STUDY PHYSICALS1 200 1.4 MINERAL RESOURCE Ore milled (Million tonnes) 60.1 1.2 2.29 Moz of gold Ounces (000’s
Slide 21: 8Moz Gold Discovered to Date
21 8Moz GOLD DISCOVERED TO DATE Duketon Greenstone Belt landholding triples to 3,000 km2 giving Regis control of 90% of the belt. For personal use only Central Work initiated to expand advanced exploration prospects: Zone • Lancefield North - 1.9Mt @ 1.5 g/t Au for 96,000 ounces • Golden Star - 50m
Slide 22: Exciting Outlook
22 EXCITING OUTLOOK Steady production growth with increasing underground contribution Lots of potential for further growth For personal use only Production Guidance 340,000 - 370,000oz gold production at A$1,125-$1,195/oz AISC 10% Future Potential Production Step Change McPhillamys Gold Project 400,
Slide 23: Investment Highlights
23 INVESTMENT HIGHLIGHTS For personal use only Reliable production performance –FY19 Record annual gold production of 363,418 ounces with AISC of $1,029 per ounce for FY2019 Cumulative dividend payments at A$407m since 2013 FY2020 Production Guidance of 340,000 - 370,000oz gold production at A$1,125
Slide 24: Further information
For personal use only Further information: Jim Beyer | Managing Director & CEO + 61 8 9442 2200 24
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