Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — H1 FY2021 Earnings Presentation
17 slides from Fortress Minerals's earnings presentation, Oct 7, 2020
Slide 1: Result Presentation for 2Q & 1H FY2021
Fortress Minerals Limited Result Presentation for 2Q & 1H FY2021 Malaysia
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute, or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall
Slide 3: Fortress, at a glance: Bukit Besi Mine Overview
01 Fortress, at a glance Bukit Besi Mine Overview
Slide 4: Corporate overview and achievement
Corporate overview and achievement FYE ✓ We are an iron ore producer and exporter headquartered in Malaysia. 2016 Obtain mining right in Bukit Besi, Terengganu, Malaysia. ✓ ✓ Our principal business activities include exploration, mining, 2017 production and sale of iron ore concentrate. Construction
Slide 5: Management team
Management team Talents whom responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for overall • Responsible for the overall • Responsible for all finance and management and operations of management and day-to-day acco
Slide 6: Bukit Besi Mine Strategic Location supported with Good Infrastructure
Bukit Besi Mine Strategic Location supported with Good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman P
Slide 7: Mineral Resource – A closer look
Mineral Resource – A closer look Growing resource base and Overall Fe increases despite yearly depletion RESOURCE SUMMARY: West, Valley and East Deposits are <5% of total concession area (526.2 ha) 7 Aug 2018 28 Feb 2019 29 Feb 2020 Net Attributable to the Group Deposit Resource Area Category Tonnes
Slide 8: Processing Plants and Mine Infrastructure
Processing Plants and Mine Infrastructure “Resilience productivity capable to operate on 24-hour shift”
Slide 9: Financial results
02 Financial results
Slide 10: A strong performance in 1H FY2021
A strong performance in 1H FY2021 A very resilient financial performance supported by strong underlying profitability Financial Balance Sheet Value creation performance US$ 20.1 million US$ 4.4 million US$ 1.2 million 210,143 DMT Net debt* reductions Capital assets invested US$ 1.0 million Group Rev
Slide 11: Financial Highlights
Financial Highlights Revenue + + 1H FY2021: NPAT exceed full year FY2020 66.9% 47.4% Financial metrics 2Q 2020 2Q 2021 1H 2020 1H 2021 2020 28.0 100 .0% 7.8 13.0 13.6 20.1 25.9 US$’ million Audited 2Q FY20 2Q FY21 1HFY20 1HFY21 FY20 EBITDA Revenue 7.8 13.0 13.6 20.1 25.9 62.1% 58.0% 49.9% 52.2% 48.2
Slide 12: Robust Gross Profit Margin
Robust Sales Volume (DMT *) and Average selling price (US$/DMT) Gross Profit 102.95 103.10 95.99 95.62 95.93 440 ,000 110 .00 105 .00 100 .00 95.0 0 90.0 0 Margin 85.0 0 + + 80.0 0 Sales and volume 75.0 0 59.3% 70.0 0 77.5% 65.0 0 60.0 0 220 ,000 55.0 0 50.0 0 45.0 0 40.0 0 35.0 0 30.0 0 Driven by 2
Slide 13: Financial performance: A quick glance
Financial performance A quick glance 13
Slide 14: Use of IPO proceeds – Status in FY2021
Use of IPO proceeds – Status in FY2021 Amount denominated in SGD’ million Opening 2Q FY2021 Closing 1Q FY2021 (Utilised) 2Q FY2021 IPO 7.0 • Further development of Bukit Besi Mine • Future exploration and geology work • Expansion of iron ore processing capacities 01 6.9 (4.0) 2.9 Exploration and geo
Slide 15: Industry and product overview: Iron
26 Fe Iron 55.845 03 Industry and product overview
Slide 16: High-grade Iron ore: Unique and Essential
High-grade Iron ore: Unique and Essential High Fe content with low gangue (1) lower level of Phosphorus(2) preferred by steel mills: Decrease CO₂ 1 Environmentally friendly 2 Decrease in steel sintering (3) productivity. 3 Reduction cost and increase in steel yield Reduce the slag (4) volume; 4 Incr
Slide 17: Fortress
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