Central Asia Metals Plc · LSE:CAML
Central Asia Metals — Investor Presentation (November 2024)
32 slides from Central Asia Metals's investor presentation, November 2024
Slide 1: Transitioning for the Future
TRANSITIONING FOR THE FUTURE Q4 2024 CORPORATE PRESENTATION 1
Slide 2: Disclaimer
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 DISCLAIMER The information contained in this confidential document (“Presentation”) has been prepared by Central Asia Metals plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendm
Slide 3: CAML Overview: Creating Value for All Our Stakeholders
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 CAML OVERVIEW CREATING VALUE FOR ALL OUR STAKEHOLDERS CASH1 H1 2024 EBITDA $56.3m $49.1m DEBT FREE MARGIN 47% H1 2024 GROSS REVENUE INTERIM DIVIDEND $103.8m 9p LOST TIME INJURY H1 2024 FREE CASH FLOW FREQUENCY RATE $30.0m 0.80 1 At 30 June 2
Slide 4: Operations
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 OPERATIONS
Slide 5: CAML Operations
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 CAML OPERATIONS SASA (100%) - Underground zinc and lead mine, northeast North Macedonia. Production commenced in 1960s - Life of mine to 2039 (reserves and resources) - 2024 production guidance 19,000-21,000t zinc and 27,000-29,000t lead KOU
Slide 6: Kounrad Copper Operation
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 KOUNRAD COPPER OPERATION Kounrad Mine Eastern Dumps 7 5 6 2 20 SX-EW 9-10 plant 13 Western Dumps 21a 15 1a 16 Kounrad village 22 6
Slide 7: Q3 2024 Operations Update: Kounrad
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 Q3 2024 OPERATIONS UPDATE KOUNRAD - 9m 2024 production 10,248t of copper cathode - Firmly on track to meet full-year 2024 production guidance of 13,000–14,000t of copper 1At end 2023 Kounrad copper production 16,000 180,000 Cumulative annual
Slide 8: H1 2024 Kounrad C1 Copper Cash Cost
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 KOUNRAD C1 COPPER CASH COST H1 2024 C1 cash cost $0.78/lb Cost H1 2024 H1 2023 H1 2024 H1 2023 (H1 2023: $0.67/lb) $m $m $/lb $/lb $0.11/lb YoY increase includes: Reagents 2.0 1.6 0.13 0.11 – increase in price of reagents by $0.02/lb
Slide 9: Sasa Zinc and Lead Mine
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SASA ZINC AND LEAD MINE - Skarn-hosted deposit in North Macedonia - Sub-level caving, transitioning to paste-fill mining this year - Reserves and resources to 2039 9
Slide 10: Q3 2024 Operations Update: Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 Q3 2024 OPERATIONS UPDATE SASA - 9m production 13,782t zinc-in-concentrate and 19,736t lead-in-concentrate Unit 9m 2024 9m 2023 - Full-year 2024 production expected towards the lower end of guidance of 19,000-21,000t of zinc and Ore mined t
Slide 11: H1 2024 Sasa Run-of-Mine Costs
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 SASA RUN-OF-MINE COSTS H1 2024 RoM unit costs $63.1/t H1 H1 H1 H1 (H1 2023: $56.2/t) C1 cash cost 2024 2023 2024 2023 $m $m $6.9/t YoY increase, owing to: RoM t 365,652 396,234 – reduction in RoM ore extracted by 30,582t, contributin
Slide 12: Transition to Paste Fill Mining at Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SASA ZINC AND LEAD MINE TRANSITION TO PASTE FILL MINING AT SASA Paste Backfill Plant Dry Stack Tailings Central Decline ‒ Consistent operation during ‒ Completion of initial phase of ‒ 3,500 metres developed to 2024; over 207,000t of paste l
Slide 13: Sustainability at Kounrad
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SUSTAINABILITY AT KOUNRAD SUSTAINABILITY ACTIVITY EMPLOYMENT ‒ No Lost Time Injuries at Kounrad since May 2018 ‒ Solar Power Plant operational throughout the year, 100% LOCAL generating 4.4 million kWh in H1 2024 representing 336 EMPLOYEES a
Slide 14: Sustainability at Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SUSTAINABILITY AT SASA SUSTAINABILITY ACTIVITY EMPLOYMENT ‒ One Lost Time Injury recorded during the period ‒ 100% renewable energy supplied via the national 98% LOCAL grid 784 EMPLOYEES ‒ Achieved conformance with Global Industry Standard o
Slide 15: Capital Allocation / Outlook
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 CAPITAL ALLOCATION/ OUTLOOK
Slide 16: Growth Opportunities
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 GROWTH OPPORTUNITIES SEARCH FOR TRANSFORMATIONAL OPPORTUNITY - Pipeline of opportunities under review (during H1 2024, 23 potential acquisitions appraised) - Potential acquisitions must be accretive EXPLORATION IN SCOTLAND - In March 2024 an
Slide 17: Returns to Shareholders
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 RETURNS TO SHAREHOLDERS STRONG FINANCIAL PERFORMANCE WITH A FLEXIBLE BALANCE SHEET ‒ Since IPO CAML has returned ~$360m in dividends 360 ‒ Dividends paid far exceed the total of $214m in equity raised from the market 300 since IPO 240 ‒ Full
Slide 18: Summary and Outlook
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SUMMARY AND OUTLOOK OUTLOOK - Kounrad on track to achieve 2024 full-year guidance - Sasa expected to achieve lower end of 2024 guidance - Transition to paste-fill mining methods nearing completion - Complete construction of Dry Stack Tailing
Slide 19: Contact Details
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 CONTACT DETAILS INVESTOR RELATIONS MANAGER Richard Morgan 36 Carnaby Street London W1F 7DR rm@caml.uk +44 (0) 207 898 9001 www.centralasiametals.com
Slide 20: Appendices
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 APPENDICES
Slide 21: Share Price/Shareholders
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SHARE PRICE/SHAREHOLDERS SHARE PRICE PERFORMANCE VERSUS PEERS Share price* (AIM:CAML) 162.8 pence Total no. voting shares 181,904,941 320 300 Treasury shares 193,325 280 Issued shares 182,098,266 260 Market capitalisation £296.1m 240 220 Fre
Slide 22: Board of Directors
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 BOARD OF DIRECTORS Mike Prentis Nick Clarke Louise Wrathall Gavin Ferrar Roger Davey David Swan Senior Independent Director Non-Executive Chairman CFO CEO NED NED Chair - technical experience - accounting experience NED - Nomination Committe
Slide 23: Sustainability – Strategy and Progress
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SUSTAINABILITY – STRATEGY AND PROGRESS PILLAR TARGET During 2024 YTD, CAML DELIVERING VALUE Zero human rights abuses THROUGH Zero cases of bribery and corruption - Published its fifth annual STEWARDSHIP Sustainability Report Implement Group-
Slide 24: Svinja Reka Ore Reserve Statement
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SVINJA REKA ORE RESERVE STATEMENT The following Ore Reserve Statement has been prepared by Sasa’s technical services team based on a Life of Mine (‘LoM’) plan that includes a transition from the Sub Level Caving mining method to Cut and Fill
Slide 25: Mineral Resource Estimates for Svinja Reka and Golema Reka - Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 MINERAL RESOURCE ESTIMATES FOR SVINJA REKA AND GOLEMA REKA - SASA Sasa’s technical services team has updated the Mineral Resource Estimate (‘MRE’) for the Svinja Reka and Golema Reka deposits as of 31 December 2023. Classification Deposit Mt
Slide 26: Sasa Mining: Long Section Svinja Reka
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 SASA MINING LONG SECTION SVINJA REKA
Slide 27: H1 2024 Income Statement
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 INCOME STATEMENT EBITDA $49.1m - margin 47% Highlights ($m) H1 H1 2024 2023 Change - Gross revenue 4% higher YoY Gross revenue 103.8 99.3 +4% – Kounrad gross revenue $59.1m (H1 2023: $54.7m) – Sasa gross revenue $44.7m (H1 2023: $44.
Slide 28: EBITDA H1 2024 vs H1 2023
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 EBITDA H1 2024 VS H1 2023 0 58 5 5 52 $m 50 49.1 8 2 0 DA e e e s g ies S A DA IT nu nu nu TC llin alt Co G& IT EB ve ve ve se y EB re re re Ro 02 3 Cu Pb n n& 2 2 uti o 20 H 1 ib H1 str Di 28
Slide 29: H1 2024 Capex
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 CAPEX GROUP CAPEX OF $8.3M (H1 2023: $11.3M) Capital Projects $3.1m including: 2024E total capex Sasa $22-25m – Dry Stack Tailings Plant and landform construction $1.2m – Paste Backfill Plant and associated costs $0.6m – Central Decl
Slide 30: 30 June 2024 Balance Sheet
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 30 JUNE 2024 BALANCE SHEET Flexible balance sheet 30 June 31 Dec Balance sheet ($m) 2024 2023 PPE 326.2 338.1 – Completed the investment in associate Aberdeen Minerals Ltd acquiring a 28.7% shareholding Intangible assets 23.9 25.4 Investment
Slide 31: H1 2024 Cashflow
$m 10 20 30 0 50 0 70 80 0 100 110 Ca sh 1J an 20 2 57.2 Ge ne ra ted fro m op er ati on s 2. Di vi de nd s 20.1 In H1 2024 CASHFLOW co me tax an d HT pa id 8.2 CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 Ca pe xP PE 8.3 In ve stm en t in Ab er de en 3. Ca sh se ttl em en to fo pt ion
Slide 32: Market Conditions
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 MARKET CONDITIONS Commodity markets Inflation impacts – Generally higher commodity prices in H1 2024 owing – Inflation rates slowed to 8.4% in Kazakhstan and to: 3.2% in North Macedonia. Nevertheless, continued inflation resulted in: – posit
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