Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — Q1 2023 Earnings Presentation
15 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, Jun 5, 2023
Slide 1: Merdeka Copper Gold 1Q Results Presentation
Click to edit Master text PTstyles Merdeka Copper Gold Tbk 1Q Results Presentation 5th June 2023 IDX: MDKA I www.merdekacoppergold.com 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Copper Gold Tbk (“Merdeka” or “MDKA”) and consists of written materials/slides for a presentation concerning Merdeka. By reviewing/attending this presentation, you agree to be bound by the following considerations: No representation or war
Slide 3: Portfolio Overview
Portfolio Overview Merdeka controls a portfolio of globally significant assets across Indonesia with group mineral resources of 35.2Moz of gold, 8.4Mt of copper, 13.8Mt of nickel and 1.0Mt of cobalt Legend: Mine & Downstream Processing1 Acid Iron Metal (AIM) Project : Merdeka Copper Gold assets Owne
Slide 4: 1Q 2023 Financial Highlights
1Q 2023 Financial Highlights In US$ million FY2021 FY2022 Q1 2022 Q1 2023 Commentary Profit & Loss • Revenue comprise of US$142 million of NPI sales Consolidated revenue 381 870 123 214 EBITDA 207 277 63 44 • EBITDA of US$44 million in 1Q 2023 • ZHN is expected to be commissioned in Q3 and matte Net
Slide 5: 1Q 2023 Production Highlights
1Q 2023 Production Highlights Gold Copper Nickel in Nickel Pig Iron 40 2000 7 6 11 16,000 37 36 34 1,794 1800 6 15,436 35 6 10.4 15,500 5 10.5 1600 5.2 4.8 30 15,000 26 1400 5 4.7 4 10 9.8 3.9 25 4 1,262 1200 4 3.3 3.8 14,500 US$/oz US$/t US$/lb 934 989 1,026 3 9.4 Koz Kt 3.1 9.5 Kt 20 18 1000 3 13,
Slide 6: 1Q 2023 Financial Highlights
1Q 2023 Financial Highlights Revenue (US$ million) EBITDA (US$ million) Gold & Silver Copper NPI 75 68 63 161 94 166 44 142 30 46 52 44 37 32 77 71 73 39 42 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Average Realised Price (US$/oz, US$/t) • Lower 1Q 2023 EBITDA c
Slide 7: 1Q 2023 Operating Segment
1Q 2023 Operating Segment In US$ million Gold & Silver Copper NPI2 Revenue 42 32 142 EBITDA1 21 12 17 Capex 12 14 0 • Achieved 17.7 million hours • Achieved 4.1 million hours • NPI is predominantly sold to without LTI without LTI Chinese stainless-steel mills with sales prices based on • Production
Slide 8: RKEF Processing Facilities
RKEF Processing Facilities CSI and BSI plants have been fully operational since late 2019 with a larger 3rd plant, ZHN, currently undergoing commissioning and targeting nameplate capacity in 2H 2023 Summary CSI BSI ZHN • ZHN is expected to more than double MBM’s current RKEF processing to 88,000 ton
Slide 9: Nickel Matte Overview
Nickel Matte Overview MBM’s acquisition of HNMI, a nickel matte conversion facility, located within IMIP, allows the business to transition its existing RKEF asset base to produce high grade nickel matte (>70% Ni content) HNMI produces a high-grade nickel Simplified Flow Diagram matte (HGNM) product
Slide 10: TB Copper Project Overview
TB Copper Project Overview TB Copper, located beneath Merdeka’s operating Tujuh Bukit gold mine, is regarded as one of the world’s largest pre-production copper projects. PFS demonstrates technical and economic viability Globally Significant Copper Gold Deposit Mineral resources: 1.7bt containing 8.
Slide 11: TB Copper Project NPV vs. Known Resource
TB Copper Project NPV vs. Known Resource The PFS demonstrates that TB Copper will be a globally significant underground mine extracting only 24% of the currently defined mineral resources (probable reserves represents only 17% of mineral resources) SLC Probable Reserves Lift 1 Unmined Mined Inferred
Slide 12: Opportunities to Improve Project Economics
Opportunities to Improve Project Economics Merdeka has identified several untapped optimisation opportunities that were not factored into the PFS project economics which indicated a post-tax NPV of US$3.0 billion and IRR of 20.0% Opportunities Impact Description ▪ Merdeka has identified several porp
Slide 13: Pani Gold Project
Pani Gold Project Pani is a significant undeveloped gold resource located across Combined Pani Gold Project Schematic Section two adjacent mining tenements1 in Gorontalo Province, Northern Sulawesi. Pani is expected to be a long-life and low- cost gold mine producing more than 450,000 ounces of gold
Slide 14: SCM and HPAL Development
SCM and HPAL Development SCM HPAL Plants Central and Southeast Sulawesi The Huayou slurry pipeline runs in parallel to the haul IMIP AIM, HNMI and 4 roads RKEF plants • JORC resource of over: • MBM plans to develop at least two HPAL plants with a o 1.1 billion dmt of ore MBM Haul Road BDM Haul Road2
Slide 15: For more information, please contact or visit
Click to edit Master text styles For more information, please contact or visit investor.relations@merdekacoppergold.com www.merdekacoppergold.com 15
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