Pls Group Limited · ASX:PLS
Pls — Pilbara Minerals — H1 FY2022 Earnings Presentation
20 slides from Pls's earnings presentation, Feb 23, 2022
Slide 1: FY22 December 2021 Half Year Results
For personal use only Click Clickto toedit editMaster Master FY22 title- style December 2021 title style Half Year Results Click Clicktotoedit editMaster Mastertext textstyles styles February 2022 ASX: PLS / BBG: PLS AU
Slide 2: Important Notices
Important Notices Not an Offer of Securities This document has been independently prepared by Pilbara Minerals Limited (“Pilbara” or “Pilbara Minerals” or the “Company”) and is dated 23 February 2022. This document is provided for informational For personal use only purposes and does not constitute
Slide 3: Important Notices
Important Notices Not Financial Product Advice For personal use only This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does not involve
Slide 4: Important Notices
For personal use only Important Notices Scoping and other technical studies in respect of any revised project expansions for the Pilgan Project have been undertaken to determine the potential viability of the revised expansions and to reach a decision to proceed with more definitive studies. Each sc
Slide 5: Pilgangoora Operation: One Operation, Two Processing Plants
December Half Year FY 2022 Pilgangoora Operation One Operation, Two Processing Plants For personal use only Targeting expanded combined production capacity of ~ 560-580,000 tpa spodumene concentrate from September Quarter 2022, maximising participation in the rapid growth in battery raw material dem
Slide 6: Safety Matters
December Half Year FY 2022 SAFETY MATTERS For personal use only Injury Frequency Rates 5.0 80 • Ramp up of operations has led to a significant increase in 70 staffing at site and exposure hours, and Pilbara Minerals is 4.0 pleased to have maintained a zero lost time injury 60 frequency rate of zero
Slide 7: Rapid Re-emergence from Moderated Production
December Half Year FY 2022 Rapid Re-emergence from Moderated Production For personal use only Steady increase in production since December 2020 Quarter in response to increasing customer demand. Production for CY2021 totalled 324.2kt. 100,000 95,972 91,549 90,000 85,759 Quarterly spodumene productio
Slide 8: FY22 Half Year Production and Sales
December Half Year FY 2022 FY22 Half Year Production and Sales For personal use only Produced Shipped Revenue Spodumene Concentrate 169,235 dmt 170,228 dmt $291.7M FY2022 December Gross Margin5 of $172.1M1 Unit Operating Cost (Pilgan) Result Reflects: • US$347/dmt (FOB Port Hedland)2 • Substantial i
Slide 9: Lithium Raw Materials – Pricing Dynamic
December Half Year FY 2022 Lithium Raw Materials – Pricing Dynamic For personal use only 60,000 5,000 Pilbara Minerals - leading price 50,000 4,500 discovery 4,000 • BMX sales platform driving industry innovation and price transparency for the value in lithium raw 3,500 materials Spodumene Price US$
Slide 10: FY22 Guidance Unit Operating Cost
December Half Year FY 2022 FY22 Guidance Unit Operating Cost For personal use only 2H FY2022 Guidance – Pilgan Operation FY2023 Target – Combined Operation Production and Sales A$450-A$490/dmt (FOB Port Hedland excluding A$530-A$570/dmt (FOB Port Hedland excluding Spodumene Concentrate royalties)2,3
Slide 11: Sustainability and other ESG Initiatives
December Half Year FY 2022 Sustainability and other ESG Initiatives For personal use only Environment • A Renewables Power Purchase Agreement was signed with Contract Power Australia to construct a 6MW solar photovoltaic farm at the Pilgangoora Operation. This initiative, undertaken in collaboration
Slide 12: Gender Diversity
December Half Year FY 2022 Gender Diversity For personal use only Total Employees vs. Filled Positions for Half Gender Breakdown per Department 250 70 63 60 200 91 50 44 41 40 150 32 30 24 26 18 Female 100 20 15 17 10 Male 9 146 10 6 29 2 3 2 4 50 0 50 0 Female Male July - December New Starters All
Slide 13: Pilgangoora - A Globally Significant Mineral Endowment
December Half Year FY 2022 Pilgangoora - A Globally Significant Mineral Endowment For personal use only Current Hard Rock Lithium Resource Positions Mineral Resource and Ore Reserve Updates in FY22 Half Year End Pilgangoora Resource - 309mt @ 1.14% Li2O in total Measured, Indicated and Inferred Reso
Slide 14: Half-Year Financial Results Summary
December Half Year FY 2022 Half-Year Financial Results Summary For personal use only Favourable market demand conditions support significantly higher prices, delivering robust financial results. • EBITDA and Underlying Profit after tax driven by improved Units 1H-22 1H-21 Change Spodumene Concentrat
Slide 15: Profit and Loss
December Half Year FY 2022 Profit and Loss For personal use only 1H-22 1H-21 Change • EBITDA driven by improved market conditions with increased customer demand and strong rebound in spodumene concentrate Spodumene Concentrate Tonnes Shipped1 170,228 114,239 55,989 prices driving a higher operating
Slide 16: Cashflow
December Half Year FY 2022 Cashflow For personal use only • Cash generated from operating activities of $116.7M 1H-21 1H-20 Change driven by improved market conditions and strong rebound $M $M $M in spodumene concentrate prices Opening Cash 99.7 86.3 13.4 Cash Inflow from Operating Activities 116.7
Slide 17: 1H FY2022 Cashflow waterfall
December Half Year FY 2022 1H FY2022 Cashflow waterfall For personal use only 17
Slide 18: Balance Sheet
December Half Year FY 2022 Balance Sheet For personal use only • Increase in debt following execution of agreements with 1H-22 FY-21 Variance financiers to expand the existing Syndicated Finance $M $M $M Facility US$20M (A$26.9M), offset by a cash sweep payment Cash 191.2 99.7 91.5 during 1H FY 22 (
Slide 19: Questions?
For personal use only Questions? Questions? 19
Slide 20: Thank you
For personal use only Thank you Follow us on www.pilbaraminerals.com.au ASX: PLS