Om Holdings Ltd. · ASX:OMH
Om — Shareholder Meeting (May 2022)
15 slides from Om's shareholder meeting presentation, May 19, 2022
Slide 1: OM Holdings Limited ASX announcement of AGM presentation
OM HOLDINGS LIMITED (ARBN 081 028 337) (Malaysian Registration No. 202002000012 (995782-P)) Incorporated in Bermuda For personal use only No. of Pages Lodged: 15 19 May 2022 ASX Market Announcements ASX Limited 4th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam OM HOLDINGS LIMITED (“OMH”) PRE
Slide 2: OM Holdings Limited AGM May 2022
1 OM HOLDINGS LIMITED For personal use only Australia • China • Japan • Malaysia • Singapore • South Africa May 2022 • AGM • ASX:OMH | Bursa:OMH (5298)
Slide 3: Disclaimer
2 DISCLAIMER For personal use only This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 (“OMH”). This presentation contains summary information about OMH. The information in this presentation does not purport to be complete or to provide all information that an inve
Slide 4: A Manganese & Silicon Company
3 A MANGANESE & For personal use only SILICON COMPANY A manganese and silicon smelting company, with vertical exposure in mining and trading Powered by sustainable hydro-power, pursuing growth and natural diversification into new commodities like silicon metal Listed on both the ASX and Bursa Malays
Slide 5: FY2021 Financial Highlights
4 FY2021 FINANCIAL HIGHLIGHTS For personal use only Revenue Loan Repayment* Cashflow from Operations A$1.04b A$51.1m A$94.2m FY20 A$784.6m FY20 A$33.2m FY20 A$76.6m Adj. EBITDA Profit att. To owners Profit per share A$204.0m A$81.9m 11.11 cents FY20 $78.0m FY20 A$5.4m FY20 0.73 cents *Loan Repayment
Slide 6: Gearing Ratio Lowered, Positive Cash Position Maintained
5 GEARING RATIO LOWERED, POSITIVE CASH POSITION MAINTAINED Pay down debt, and sustainable dividend For personal use only $800 Total Debt 4 • Repaid ~A$25.8m to Sarawak project finance Gearing Ratio loan, redeemed ~A$14m convertible notes, $600 3.05 3 among other repayments in FY2021 A$ million $400
Slide 7: Company Snapshot
6 COMPANY SNAPSHOT Balancing debt reduction with sustainable dividends For personal use only Issued Shares 738.6 million shares Share Price Performance Share 2.00 ASX (AUD) Bursa (MYR) 5 Share Price A$ 0.84 / RM2.65 Metrics 1.50 4 (as at 17th 52 weeks Low / High A$ 0.70 / A$ 1.25 3 May 2022) 1.00 Ma
Slide 8: Smelting – At the Heart of What We Do
7 SMELTING – AT THE HEART OF WHAT WE DO FeSi Production Cost Comparison For personal use only Electricity Reductant Ore Other raw material Labour & other Export tax Delivery to Japan • Sustainable producer, first-quartile of cost curve • 350MW of competitively priced, reliable power, locked in for 2
Slide 9: OM Sarawak Acquisition
8 OM SARAWAK ACQUISITION On 5th May, we announced a binding offer* to acquire 25% of OMSA from our JV partner For personal use only Key Terms • 25% shares of OM Sarawak and OM Samalaju (project development entity) • Brings OM ownership to 100% • Consideration of USD 120 million, in two tranches • Ex
Slide 10: Ferrosilicon Market Review
9 FERROSILICON MARKET REVIEW Price surge and normalization with new Chinese power policies For personal use only 2021 2022 High power prices around the world, notably in China, Russia was the world’s second largest exporter of leads to massive price spike. New power policies in place ferrosilicon in
Slide 11: Manganese Ore and Alloy Market Review
10 MANGANESE ORE AND ALLOY MARKET REVIEW Supply remains uncertain with prices supported at higher level For personal use only 2021 2022 SiMn prices rise significantly faster than Mn ore, Ukraine was the world’s second largest exporter of Mn traditional correlation breaks down with higher margins. al
Slide 12: Development Plan 2022 & Beyond
11 DEVELOPMENT PLAN 2022 & BEYOND Sustained 12 furnace output through end of 2021, major developments for 2022 For personal use only Pre-COVID 2021 2022 Future Conversion + Maintenance Fesi 10 of 10 ~6 of 10 4 to 6 furnaces 6 of 6 230ktpa 120ktpa 110-130ktpa 130-140ktpa 65-70 mt / day Mn Alloys 6 of
Slide 13: Ferroalloys Closely Tied to Energy Prices
12 FERROALLOYS CLOSELY TIED TO ENERGY PRICES Amidst renewables transition and geopolitics, OM Sarawak’s costs are well anchored For personal use only FeSi USD/mt IMF Prices Indices 600 FeSi Japan Coal Index Natural Gas Index $5,000 Chinese coal crunch 500 $4,000 400 $3,000 FeSi shortage due to Chine
Slide 14: Key Takeaways
13 KEY TAKEAWAYS OM, now a simpler story For personal use only 1 3 Lowest Cost Quartile Largest Producer in the Ferroalloy Smelter in the Region, with Growth and Region(1) Diversification Plans Backed by low cost environmentally Prioritize diversification to silicon friendly hydro power from a 20-ye
Slide 15: OM Holdings Limited
14 OM HOLDINGS LIMITED AUSTRALIA • CHINA • JAPAN • MALAYSIA • SINGAPORE • SOUTH AFRICA For personal use only