Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Q2 2023 Earnings Presentation
14 slides from Triple Flag Precious Metals's earnings presentation, Aug 9, 2023
Slide 1: Q2 2023 Results Presentation
Q2 2023 RESULTS PRESENTATION August 9, 2023 TSX:TFPM | NYSE:TFPM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
Q2 2023 RESULTS PRESENTERS Shaun Usmar Sheldon Vanderkooy James Dendle CEO and Director CFO SVP, Corporate Development TSX:TFPM | NYSE:TFPM Shaun Usmar, CEO and Director 3
Slide 4: Triple Flag Q2 2023
Q2 2023 RESULTS TRIPLE FLAG Q2 2023 Record GEOs and financial results in Q2 2023 Record 27 koz GEOs 1 Record $41M operating cash flow Expansion and production catalysts across numerous assets $150M funding announced by Steppe Gold for Phase II fresh rock expansion at ATO (12-year mine life
Slide 5: Q2 2023 Financials
Q2 2023 RESULTS Q2 2023 FINANCIALS Record financial results $ thousands, except GEOs, per share metrics, and asset margin Q2 2023 Q2 2022 Gold Equivalent Ounces (GEOs) 1,2 26,616 19,507 Revenue $52,591 $36,490 Net Earnings $16,034 $10,922 EPS $0.08 $0.07 Adjusted Net Earnings 2 $17,660 $14,854 Recor
Slide 6: Pure Play Precious Metals
Q2 2023 RESULTS PURE PLAY PRECIOUS METALS High-quality diversification Asset Commodity Geography Q2 2023 Revenue Q2 2023 Revenue Q2 2023 Revenue Diversified 95% Precious 82% Australia revenue Metals and Americas Northparkes 17% Gold 64% Australia 32% Cerro Lindo 15% Silver 31% Latin America 24% ATO
Slide 7: Asset Highlights
Q2 2023 RESULTS ASSET HIGHLIGHTS Portfolio performing well with numerous catalysts ATO Fosterville Northparkes Announced $150M funding Noise prohibition lifted by the Mobilized surface mining package to fully fund Phase Victorian EPA and operations equipment for the II Expansion – a 12-year returned
Slide 8: Agbaou Royalty Acquisition
Q2 2023 RESULTS AGBAOU ROYALTY ACQUISITION 2.50% NSR royalty on the Agbaou gold mine operated by Allied Gold 2.50% NSR royalty acquired from Auramet Capital Partners Agbaou LP in late June for $15.5M Côte d’Ivoire $15.5M consideration included $13.5M cash and the remaining paid through in-kind c
Slide 9: Triple Flag Overview
Q2 2023 RESULTS TRIPLE FLAG OVERVIEW Track record, continued organic growth and firepower to grow value Leading Sustainability Ratings $2.6B 100-115 koz +140 koz 2023E GEOs 5 Year Average Outlook 2 Market Cap 1 Guidance 2 (2024E – 2028E) 229 Assets $0.21/sh +$650M 29 Paying Assets Annualized Dividen
Slide 10: Summary: Proven Business Model
Q2 2023 RESULTS SUMMARY PROVEN BUSINESS MODEL Providing investors high-upside, low-risk exposure to precious metals Free Cash Flow Generation No capital expenditure exposure Diversification Large portfolio diversified by jurisdiction, operator, underlying commodity Optionality Price leverage, new di
Slide 11: RBPlat Styldrift Mine Q&A
RBPlat Styldrift Mine Q&A TSX:TFPM | NYSE:TFPM 11
Slide 12: Summary
SUMMARY DISCIPLINED AND DIVERSIFIED, QUALITY, ROBUST CASH FLOW AND GOLD FOCUSED PURE PLAY PORTFOLIO EMBEDDED GROWTH FOCUSED ON GROWING MANAGEMENT AND POSITIONED FOR CASH FLOW AND ASSET SHAREHOLDER PREMIUM VALUATION VALUE PER SHARE ALIGNMENT Eskay Creek TSX:TFPM | NYSE:TFPM 12
Slide 13: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure and are based on stream and royalty interests and are calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is de
Slide 14: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) ($ thousands, except average gold price 2023 Adjusted EBITDA and GEOs information) Three months Three months Six Months Three months ended Six months ended ended June 30 ended March 31 ended June 30 June 30 June 30 Revenue 52,5
Triple Flag Precious Metals — Q2 2023 Earnings Presentation on 6ix