Mountain Province Diamonds Inc. · OTC:MPVDF
Mountain Province Diamonds — Q2 2023 Earnings Presentation
11 slides from Mountain Province Diamonds's earnings presentation, Aug 11, 2023
Slide 1: Q2 2023 Webcast
TSX: MPVD Q2 2023 Webcas t August 11, 2023 TITLE SLIDE 1 WWW.MOUNTAINPROVINCE.COM
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Cautionary Statement Regarding Forward Looking Information This Presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations and financial perform
Slide 3: Notes to Investors
NOTES TO INVESTORS Non-IFRS Financial Performance Measures The Company has included non-IFRS measures in this presentation: adjusted EBITDA, adjusted EBITDA Margin (%), cash cost of production per tonne, cash cost of production per carat, and sustaining capital expenditures. The Company believes tha
Slide 4: Q2 – 2023 Highlights
Q2 – 2023 HIGHLIGHTS Quarterly Adjusted EBITDA of $30.7M. EBITDA Margin of 51% 360,308 carats sold, with total proceeds of $59.9 million Strong average value of $166 per carat (US$124) Net income of $17.3 million or $0.08 basic and diluted earnings per share Debt repayment of US$12 million, plus an
Slide 5: Q2 2023 vs 2022 Financial Highlights
Q2 2023 VS 2022 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) (‘000s) CAD Q2 2023 Q2 2022 ∆ QoQ Revenue $59,918 $97,761 ↓ $37,843 (39%) Adjusted EBITDA $30,681 $55,127 ↓ $24,446 (-44%) Adjusted EBITDA Margin (%) 51% 56% ↓ (5%) (-9%) Net Income (Loss) (per share, diluted) $0.08
Slide 6: Q2 2023 vs 2022 Financial Highlights
Q2 2023 VS 2022 FINANCIAL HIGHLIGHTS (All figures in CAD unless otherwise specified) (‘000s) CAD Q2 2023 Q2 2022 ∆ QoQ Cash Position $9,310 $24,933 ↓ $15,623 (-63%) Earnings from Mine Operations $26,798 $51,407 ↓$ 24,609 (-48%) Cash Cost of Production per Tonne Treated, including Capitalized Strippi
Slide 7: Q2 2023 vs 2022 Production Highlights
Q2 2023 VS 2022 PRODUCTION HIGHLIGHTS Q2 2023 Q2 2022 ∆ QoQ Ore and waste mined Tonnes ‘000s 9,235 7,881 ↑ 1,354 (17%) (100% basis) Ore mined Tonnes ‘000s 596 1,043 ↓ 447 (-43%) (100% basis) Tonnes Treated ‘000s (100% basis) 750 750 → 0 (0%) Grade (cts/t) 1.79 1.68 ↑ 0.10 (6%) MPV Carats recovered ‘
Slide 8: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE REVENUE ('000) CAD ADJUSTED EBITDA ('000) CAD $128,667 $67,538 $110,124 $97,761 $96,315 $55,127 $54,104 $84,653 $44,597 $59,918 $30,681 $23,409 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 MOUNTAINPROVINCE.COM TSX: MPVD 8
Slide 9: Rough Diamond Market
ROUGH DIAMOND MARKET • Prices of smaller diamond categories have continued to outperform other categories as the global supply of smaller goods remains structurally reduced since the closure of Argyle and sanctions against Russia persist (see black line in chart below) • Prices for larger, high valu
Slide 10: Business Strategy
BUSINESS STRATEGY 1.- Optimize the Business Focus on safety, sustainability & operational performance at a mine level. 2.- Growth Focus on organic growth at Gahcho Kué and Kennady, both on the underground potential, reviewing options to include the 13.6 million indicated and 7.4 million inferred fro
Slide 11: Corporate Information
CORPORATE INFORMATION WWW.MOUNTAINPROVINCE.COM info@mountainprovince.com TSX & OTCQX: MPVD CORPORATE OFFICE 161 Bay Street, Suite 1410 Toronto, ON M5J 2S1 Canada MOUNTAINPROVINCE.COM TSX: MPVD 11 Tel. +1 (416) 361-3562
Mountain Province Diamonds — Q2 2023 Earnings Presentation on 6ix