Metro Mining Limited · ASX:MMI
Metro Mining — Mines & Money Hong Kong 2019
14 slides from Metro Mining's conference presentation, April 2019
Slide 1: Mines & Money – Hong Kong
Mines & Money – Hong Kong April 2019
Slide 2: Investment Highlights
Investment Highlights 1 2018 Bauxite Production of 2.04M Wet Metric Tonnes (WMT) – Guidance met 2 Bauxite Hills Strongly Profitable – Mine EBITDA of A$8.6M in December Quarter 2018 3 Expansion now underway – 2019 Production Guidance of 3.5M WMT 4 Transformational Growth in China’s Seaborne Bauxite D
Slide 3: 2018 – Year of Delivery!
2018 – Year of Delivery! Forecast: Pre - Production Delivered Production – 2018 2.0Mt 2.037Mt Production (est) – 2019 3.0Mt 3.5Mt Sales 50% Pre-sold 2018 76% Pre-sold 2019 Customers 1 Customer 5 Customers Chinese Bauxite Imports 67Mt 2018 ~82Mt 2019 Mine Site Cost - 2018 A$24.30/WMT A$24.30/WMT 3 |
Slide 4: Share Price & Corporate Structure
Share Price & Corporate Structure Share Price Performance January 2017 – February 2019 Capital Structure Price ($) Volume (m) Share Price (14 February 2019) A$0.135 $0.35 Shares on Issue 1,383.4M $0.30 Market Capitalisation A$186.7M $0.25 Options Unlisted 30.1M $0.20 Cash and Receivables (31-Dec-201
Slide 5: Production & Shipping Results
Production & Shipping Results ◼ 2018 Production Guidance of 2M WMT Achieved ◼ Annualised run-rate of 2.5M WMT achieved in second half 2018 ◼ Strong result given significant cyclone weather disruptions at start and end of operating period Mined & Shipped Bauxite Mined Shipped 2018 Production Guidance
Slide 6: Shiploading Performance
Shiploading Performance ◼ Transhipping activities continued to perform strongly ◼ Record monthly shipping and daily loading rates achieved in December 2018 ◼ All shipments for the year to contract quality specifications (33 ships loaded for year) Shiploading Rates NB: Average monthly rate excludes d
Slide 7: Operating Costs & Realised Prices
Operating Costs & Realised Prices ◼ Solid ramp-up margins, despite weather disruptions and lower AUD/higher bunker fuel prices that increased freight costs ◼ Site operating costs and realised prices compare favourably to BFS completed in March 2017 for same ramp-up period ◼ Significant cost reductio
Slide 8: 2019 Production Upgrade
2019 Production Upgrade ◼ 2019 production guidance upgraded from 3.0M WMT to 3.5M WMT, an increase of approximately 17% ◼ Driven by strong customer demand, with 75% of 2019 expanded production already sold ◼ Low capital cost improvements initiated to support expansion (A$6.8M in total & fully funded
Slide 9: Stage 2 Expansion Opportunity
Stage 2 Expansion Opportunity ◼ 2019 production expansion brings forward improvements and upgrades included in Stage 2 Expansion ◼ DFS for Stage 2 Expansion (6.0M WMT pa by 2021) being refreshed and on track for completion 2Q 2019 ◼ Scale step-changes deliver opportunity to lower unit costs and gene
Slide 10: Bauxite Market & Price Outlook
Bauxite Market & Price Outlook Source: CM GROUP ◼ China imports continue to increase with total 2018 imports exceeding 82M WMT ◼ Bauxite prices in an upward trend with CBIX bauxite index currently US$51 DMT (dry metric tonne) ◼ Strong demand for Metro’s bauxite from refineries located in inland Chin
Slide 11: China Demand Outlook Remains Strong
China Demand Outlook Remains Strong Source: CM Group 11 | ASX : MMI | April 2019
Slide 12: Positive Community Relationships
Positive Community Relationships ◼ Infrastructure Deed finalised and executed with Traditional Owners ◼ Relationship continues to flourish ◼ Current Indigenous employment is 37% (target 20%) 12 | ASX : MMI | April 2019
Slide 13: 2018 Delivers Strong Platform
2018 Delivers Strong Platform Metro Successfully Delivered its First Year of Production in 2018 & More is to Come ✓ Mine successfully commissioned ✓ Production guidance achieved ✓ Safe and productive ✓ Strong and growing customer base ✓ 2019 production upgraded by 17% ✓ Owner/miner transition accele
Slide 14: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT Statements and material contained in this ASX Announcement, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining Limited, industry growth or other trend pr