Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — FY2024 Earnings Presentation
22 slides from Fortress Minerals's earnings presentation, 2024
Slide 1: Fortress Minerals Limited Results Presentation 4Q FY2024
Fortress Minerals Limited Results Presentation 4Q FY2024 Malaysia - Singapore
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 i
Slide 3: Fortress Overview
01 Fortress Overview
Slide 4: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 5: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 400 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore H
Slide 6: Corporate Developments
AWARDED BUKIT BESI MINING RIGHT Corporate Developments • 13 years long-life mining rights expiring in the year 2033 • Two mining leases covered area of 526.2 ha FY2024 COMPLETION OF JORC DRILLING CAMPAIGN FY2016 • Completed JORC drilling campaign on East, Valley & West Deposits • Construction of maj
Slide 7: Our strategic assets
02 Our strategic assets Mining project overview
Slide 8: Bukit Besi Mine Strategic location supported by good Infrastructure
Bukit Besi Mine Strategic location supported by 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 Por
Slide 9: At a glance: Producing assets of Fortress Minerals
At a glance: Producing assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases held by two s
Slide 10: Bukit Besi Mineral Resource
Bukit Besi Mineral Resource A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * WAG ^ 44.16% 38.88% 45.90% 45.34% 43.25% Fe Fe Fe Fe Fe 7.79 In million tonnes 0.88 7.18 6.73 0.96 0.13 5.77 0.66 5.41 0.16 0.77 0.58 Bukit Besi’s 3.93 3.61 Operation 4.62 East (Inferred) Site 3
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Magnetite iron ore 35.89 Million Tonnes Bk Besi – 526.2ha 2.10 (Inferred & Indicated) S
Slide 12: At a glance: Exploration assets of Fortress Minerals
At a glance: Exploration assets of Fortress Minerals Telupid Project Company Name Saga Mineral Sdn. Bhd. 2 Acquisition date 20-Sep-2022 New prospecting licenses Fortress Cu Sdn. Bhd. (65%) issued by East Malaysia by the Land and Shareholders Aston Solutions Sdn. Bhd. (35%) Surveys Department State o
Slide 13: Operational Updates
03 Operational Updates
Slide 14: Operational updates
Operational updates Bukit Besi • The Group continues to grow its production capabilities at its first mine at Bukit Besi. • Two new balls mills will increase the nameplate capacity to 50,000 – 60,000 tonnes per month, a targeted c.20% increase from FY2024. • Commissioning of the ball mills is target
Slide 15: Operational updates
Operational updates Telupid (Saga Mineral Sdn. Bhd.) FY2023 • Phase 1 “Reconnaissance Survey” completed (Works such as spur & ridge and initial topography survey, geological mapping, stream sediment sampling, rock chip sampling, soil sampling, and accompanying geochemistry analysis). • The above wor
Slide 16: Operational updates
Operational updates Three new offtake agreements entered in FY2024 2 January 2024 – New 12-month offtake agreement • On 2 January 2024, the Group entered into a 12-month offtake agreement with a domestic steel mill in Malaysia. • The agreement involves approximately 240,000 wet metric tonnes (“WMT”)
Slide 17: Financial Results
04 Financial Results
Slide 18: Financial results for FY2024
Financial results for FY2024 Steady earnings supported by strategic growth efforts Financial Revenue Margin Earnings performance US$ 53.9 Million 61.7% US$ 21.0 Million Gross Revenue 0.7%^ Gross Profit Margin 8.8 ppt^ Underlying EBITDA 12.0%^ Balance sheet Operating cash flow Liquidity NAV (Group ba
Slide 19: Financial highlights
Financial highlights Revenue Strategic growth efforts support firm operating revenue 50.0 53.5 53.9 40.0 43.4 + 23.3% + 0.7% 30.0 Financial metrics 20.0 US$’ million FY2022 FY2023 FY2024 10.0 - FY22 FY23 FY24 Revenue NPAT and margin 43.4 53.5 53.9 32.0% 22.6% 18.6% 269,615 20.0 50. 0% 0.0 % Gross pr
Slide 20: Healthy gross profit margin
Healthy gross profit margin Driven by increased sales volume GROSS PROFIT (US$ Million) and GROSS PROFIT MARGIN (%) Margin US$ million 50.0 77.0% 70.5% 100 .0% 95. 0% 90. 0% 61.7% 85. 0% 80. 0% 75. 0% 70. 0% 65. 0% 60. 0% 55. 0% 40.0 50. 0% 45. 0% 40. 0% 35. 0% 30. 0% Lower price Higher volume Infla
Slide 21: Financial performance A quick glance
Financial performance A quick glance 21
Slide 22: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 77 Robinson Road #06-03, Robinson 77 Singapore 068896 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 7