Mineral Resources Limited · ASX:MIN
Mineral Resources — Macquarie Conference Australia 2021
22 slides from Mineral Resources's conference presentation, May 4, 2021
Slide 1: Macquarie Conference Australia 2021
Slide 2: Contents
CONTENTS INTRODUCTION TO MINERAL RESOURCES § a fi 7 “SAFETY & WELLBEING FINANCIAL SUMMARY FUTURE DIRECTION MINERAL RESOURCES yi
Slide 3: Our Business
R BUSINESS Leading pt-to-pot mining services provider World’s top 5 lithium miner with joint ownership of the argest ard rock lithium deposit Austria’s 5th largest iron ore producer 3 3
Slide 4: Our Business Core Pillars
OUR BUSINESS 4 CORE PILLARS © Construction Iron Ore © Mining ¢ Yilgarn Hub © Crushing © Utah Point Hub ¢ Ashburton Hub * South West Creek Hub * Processing © Infrastructure © Logistics * Accommodation Lithium © Mt Marion * Wodgina * Kemerton SW MINERAL RESOURCES Proprietary © Transhippers ¢ 300 tonne
Slide 5: Safety of Our People
SAFETY OF OUR PEOPLE TRIF1 2.75 4,400+ Total Recordable Injury Frequency Rate (TRIFR) Lost Total Injury Frequency Rate (LTRIFR) Employes and Contractors2 53 95 Apprentices Trainees/Graduates 1. Total Recordable Injury Frequency Rate calculations measure the total number of injuries (excluding first
Slide 6: Our People Wellbeing
OUR PEOPLE WELLBEING OUR AIM IS TO SEND PEOPLE HOME BETTER THAN WHEN THEY CAME TO WORK • Physically safe • Mentally well • Nutritionally healthy Mental health focus • Health and Wellbeing Advisors on site • Full time Psychologist on staff Improving work environments through • New head office – Plati
Slide 7: Sustainability Performance
SUSTAINABILITY PERFORMANCE GREENHOUSE GAS (GHG) EMISSIONS1 • 85% of our emissions relate to diesel • Diesel costs MRL more than $140M pa 250 3.2 3.5 3.0 • Our focus is to eliminate diesel usage 200 2.4 2.3 2.5 Emissions Intensity CO2 Equivalent (kt) (t CO2 per kTMM) • We are working on a range of al
Slide 8: Financial Performance Summary
1H21 FINANCIAL $1.5bn 23.4% Revenue ROIC PERFORMANCE ↑55% on 1H20 After Tax SUMMARY $516m $763m Operating Cash EBITDA Flow1 (underlying) 100 cps ↑$303m on 1H20 ↑131% on 1H20 Dividends ↑335% on 1H20 $1.1bn $351m Cash Capex ↓$193m on 1H20 8 8 Note: 1. Operating cash flow excludes tax paid of $332m and
Slide 9: Value Creation Outcomes
VALUE CREATION OUTCOMES Return on Invested Capital After Tax Cumulative Returns to Shareholders Share Price Performance Since Listing Growth in Dividends Total Shareholder Returns 10 years to 31 March 2021 60% $5,000 $700 $4,500 50% $600 $4,000 40% $3,500 $500 $(000’s) $3,000 30% $400 $2,500 20% $30
Slide 10: Growth Strategy Overview Next 5 Years
GROWTH STRATEGY OVERVIEW NEXT 5 YEARS MINING SERVICES Significant growth – more than double IRON ORE Increase from 20 to 90Mtpa LITHIUM Convert all spodumene to hydroxide ENERGY Pursue natural gas exploration and development INNOVATION Monetise opportunities 10 10
Slide 11: Mining Services Next 5 Years
MINING SERVICES NEXT 5 YEARS • Grow crushing contracts with external mining companies • Build, own and and operate stranded iron ore projects • Develop and own supply chain infrastructure o Ports o Transhipping o Private haul roads with 300 tonne trucks o Resort style camp accommodation • Grow the N
Slide 12: Commodities Iron Ore Next 5 Years
COMMODITIES IRON ORE NEXT 5 YEARS Yilgarn Hub • Finalising 10 year mine plan • Bring on Parker Range and Mt Richardson Utah Point Hub • Develop 10 year mine plan • Iron Valley • Ramp up Wonmunna • Develop Lamb Creek and Wedge Ashburton Hub • Construction ready August 2021 – 2 year build • 30Mtpa Sou
Slide 13: Ashburton Hub
ASHBURTON HUB DAMPIER. @ towns © searont ROAD ASHBURTON PRIVATE ROAD ae ONSLOW » ¢ S eN % f we BUCKLAND KUMINA 2 rd = HILLS 7XAD) MINERAL MINERAL RESOURCES MACQUARE CONFERENCE AUSTRALIA 2021 SQ SOURCES
Slide 14: South West Creek Hub
SOUTH WEST CREEK HUB BERTH 4 PROPOSED MRL STOCKYARD & RECLAIMER MINERAL RESOURCES PORT HEDLAND. key — ae — ROYHILL — we — SOUTH WEST CREEK BERTH 3 & 4 EXISTING MR. EXPORT FACILITIES Boa PROPOSED MRL EXPORT FACIUTIES WODGINA () PROJECTS camps © ARSTRIP TOWNS SEAPORT ROAD PERMITTED HAUL ROAD MARILLANA
Slide 15: Commodities Lithium Next 3 Years
COMMODITIES LITHIUM NEXT 3 YEARS • Restart Wodgina – 750ktpa • Consistent Mt Marion production • Kemerton Lithium Hydroxide plant ramp up to full • Wodgina restarted production 2022 • Kemerton Lithium Hydroxide plant ramp up to full • Evaluate opportunities to access additional conversion production
Slide 16: Energy Next 3 Years
ENERGY NEXT 3 YEARS • Exploration and seismic programme to find gas Northern Carnarvon - provide energy security for MRL Basin • Develop lower emissions natural gas and LNG • Largest Perth Basin acreage holder • Northern Carnarvon Basin JV • One well in next 6 months • Two wells each year Perth Basi
Slide 17: Innovation
INNOVATION NEXTGEN 2 ROAD TRAINS TRANSHIPPERS CARBON FIBRE SCREENS • MRL design and IP • MRL design • MRL Design • MRL Design and IP • 5mtpa Modules • Operating in Yilgarn • Articulated tug and barge • Reduced weight • Rapid deployment • Capacity of 300t each • Fully enclosed and dust free • Zero co
Slide 18: Key Takeaways
KEY TAKEWAYS • A 30 year track record of success • Strong financial position • Proven capability • Dynamic and innovative • Growing production and value • Executing high quality, high return projects 18 18
Slide 19: MRL's Consistently Strong Performance
MRL'S CONSISTENTLY STRONG PERFORMANCE HAS DELIVERED A SOLID TRACK fie ORD OF SHAREHOLDER RETURNS.
Slide 20: Glossary
GLOSSARY 1H, 2H, FY First half, second half, full year K Thousand $ Australian dollar M Million US$ United States dollar Net debt / (cash) Gross debt less cash and cash equivalents NPAT Net profit after tax CAGR Compound annual growth rate PBT Profit before tax CFR Cost and freight rate pcp Prior co
Slide 21: Disclaimer
DISCLAIMER This presentation has been prepared by Mineral Resources Limited (“MRL” or “the Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities.
Slide 22: Investor Relations
Brandon revising INVESTOR RELATIONS James Bruce Head of Investor Relations T: +61 8 9329 3706 E: james.bruce@mrl.com.au OFFICE: 1 Sleat Road, Applecross, WA6153 POSTAL: PO Locked Bag 3, Canning Bridge LPO, Applecross, WA6153 P +61 8 9329 3600 F +61 8 9329 3601 www.mrl.com.au 22
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