Slide 1: Fourth Quarter and Year End 2021 Financial Results Conference Call
TSX: ALS | OTCQX: ATUSF Fourth Quarter and Year End 2021 Financial Results Conference Call Coal to Renewable Power | Clean Steel | Potash | Copper | Lithium | Nickel | Cobalt
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- Forward-looking statements speak only as of the date those statements looking statements” and “forward-looking information” within the are made. Except as required by applicable law, Altius does not assume
Slide 3: 2021 Highlights
2021 Highlights Royalty revenue + net PG equity sales total $100 million Lithium Royalty Corporation royalty portfolio further grown and several projects advancing quickly towards production • Record annual royalty revenue of $83.9 million (+24% vs 2020) AngloGold describes Silicon project as a “pot
Slide 4: Royalty Revenue Growth
Other 2% Power Generation Royalty Revenue Growth Power Generation (coal dominant) 10% Inflation Beneficiary (coal dominant) 26% 2020 Royalty Copper +24% Iron Ore 2021 Royalty • Structural demand accelerating for most of our exposures 35% 21% Copper while supply costs and other challenges are mountin
Slide 5: Project Generation Highlights
Project Generation Highlights • Net cash proceeds of $16M in 2021, with ending value of $56M • Proceeds and gains are not reflected in revenue and EBITDA charts on previous slide; realized gains of $10.4M recorded in Oth er Comprehensive Income Junior Equity Portfolio Growth Net Monetization $17M $1
Slide 6: Balance Sheet
Balance Sheet Cash at Dec 31, 2021 includes $37 million cash (excluding cash held by ARR), and equities for all periods is PG only (not cou nting LIORC or ARR) Debt PG Equities Cash $150M $120M $90M $60M $30M $M F 2016 2017 2018 2019 2020 2021 TSX: ALS | OTCQX: ATUSF |6
Slide 7: Returns of Capital ($m)
Returns of Capital ($m) Dividends Share Buyback $13 $9 $6 $5 $2 $2 $8 $8 $9 $7 $7 $5 $3 2015 2016 2017 2018 2019 2020 2021 TSX: ALS | OTCQX: ATUSF |7
Slide 8: 2022 Outlook and Catalysts
2022 Outlook and Catalysts Potash fundamentals and prices remain strong into 2022 – royalty price realization Renewable energy build out continues to grow rapidly - ARR royalty revenues expected to continue to increase and production volumes to improve ramping up and investment pipeline expanding Ir
Slide 9: Major Commodity Exposures
Major Commodity Exposures Potash 2Yr (FOB Midwest) High-Purity Iron Ore $800 $700 $600 $300.00 $500 US Midwest Avg. $250.00 $400 Price YTD 2022: $200.00 $300 $722/ST $204 $200 $150.00 $165 $100 $100.00 $123 $0 $50.00 $109 Jan 20 Apr 20 Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Feb-20 May-20 A
Slide 10: Flora Wood
Producing Project Royalties Generation Development Renewable Energy Royalties Portfolio Flora Wood Director, Investor Relations Phone: (416) 346-9020 Email: flora@altiusminerals.com TSX: ALS | OTCQX: ATUSF |10