Slide 1: June 2015 Full Year Results Webcast
For personal use only June 2015 Full Year Results Webcast – 20 August 2015 •Access this presentation at: http://webcasting.brrmedia.com/broadcast/55cac0e0e0d1f9166658faf1 http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important For personal use only Forward-Looking Statements Information and • This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does
Slide 3: Competent Person's Statement – Exploration Results
Important For personal use only Competent Person’s Statement – Exploration Results Information and • The information in this report that relates to Exploration Results is based on information compiled by Mr. Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr.
Slide 4: Operating Results – FY2015
For personal use only Operating Results – FY2015 Karl Simich – Chief Executive Officer 4
Slide 5: FY2015 in Review
FY2015 in Review For personal use only Strong and consistent production; processing enhancements; strong outlook • FY2015 production: 67,154t copper and 37,386oz gold; C1 US$1.09/lb • Mining and mill throughput: 1.5Mt for the year with rates increased to 1.6Mtpa by year-end; mine development proceed
Slide 6: FY2015 in Review
FY2015 in Review For personal use only New VMS discovery at DeGrussa; business development; debt restructured • Discovery of significant zone of high-grade copper-gold mineralisation – at Monty, 10km east of DeGrussa within the Talisman Mining (ASX: TLM) farm-in: drilling continuing • Secured 36% st
Slide 7: Financial Results – FY2015
For personal use only Financial Results – FY2015 Matthew Fitzgerald – Chief Financial Officer 7
Slide 8: Headline Financial Results for the Full Year Ended 30 June 2015
Headline Financial For personal use only Results for the Full • Sales revenue of $548.6M Year Ended 30 June • Strong cash flow from operating activities of $224.0M 2015 ($250.1M prior to payments for exploration and evaluation expenses) Sandfire maintains strong operational and financial • DeGrussa
Slide 9: Headline Financial Results: Dividend Payments
Headline Financial For personal use only Results for the Full • Final dividend of 10.0cps (fully franked) Year Ended 30 June • Maintaining dividend stream – $20.4M FY2015 (Interim and Final) 2015 • Dividend payout ratio increased to 30% Sandfire maintains dividend Dividend FY2015 FY2014 payments Int
Slide 10: Income Statement Review – Key Results
June 2015 Full Year Presentation – Headline Income For personal use only Income Statement Review – Key Results ($’000) June 2015 June 2014 Sales revenue 548,610 525,713 Profit before net finance and 119,658 127,108 income tax Net finance expense (14,876) (15,160) Profit before income tax 104,782 111
Slide 11: Income Statement Review – Key Results
June 2015 Full Year Presentation – Headline Income For personal use only Income Statement Review – Key Results ($’000) June 2015 June 2014 Sales revenue 548,610 525,713 Profit before net finance and 119,658 127,108 income tax Net finance expense (14,876) (15,160) Profit before income tax 104,782 111
Slide 12: Balance Sheet Review
June 2015 Full Year Presentation Balance Sheet Review For personal use only ($‘000) June 2015 June 2014 • Cash – approaching zero net ASSETS debt Cash and cash equivalents 107,154 57,590 • Inventories – Port and site Trade and other receivables 9,813 14,531 concentrates, ore stockpiles Inventories 3
Slide 13: Balance Sheet Review
June 2015 Full Year Presentation Balance Sheet Review For personal use only ($’000) June 2015 June 2014 • Finance facility – $40M repaid LIABILITIES during FY2015, $120M Trade and other payables 39,115 45,359 remaining ($20M current, Interest bearing liabilities 20,493 75,979 $100M non current inclu
Slide 14: Cash Flow and Dividends
June 2015 Full Year Presentation Cash Flow and Dividends For personal use only 14
Slide 15: Exploration Update
For personal use only Exploration Update Shannan Bamforth – General Manager Exploration 15
Slide 16: Emerging VMS District – Talisman Farm-In
Emerging VMS District – Talisman Farm-In Recent exploration success highlights potential for multiple centres of mineralisation For personal use only • Sandfire earning 70% interest via $15M farm-in with Talisman Mining (ASX: TLM): $5M spent • Two emerging areas of exploration focus • Monty – 10km s
Slide 17: Monty – new high-grade VMS copper-gold discovery
Monty – new high-grade VMS copper-gold discovery Recent exploration success highlights potential for multiple mineralisation centres For personal use only • Three significant high-grade copper-gold intercepts to date with drilling continuing: • TLDD0004A - 16.5m grading 18.9% Cu and 2.1g/t Au from 4
Slide 18: Summary and Outlook
Summary and Outlook For personal use only Continued strong outlook for FY2016 and beyond • Consistent, low-cost copper-gold production • FY2015 performance: 67,154t Cu, 37,386oz gold at C1 US$1.09/lb • FY2016 guidance: 65-68,000t Cu, 35-40,000oz Au at C1 US$0.95-1.05/lb • New chapter of discovery su
Slide 19: Contact Details: Sandfire Resources NL
For personal use only Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 1, 31 Ventnor Avenue, West Perth, Western Australia 6005 T +61 8 6430 3800 F +61 8 6430 3849 www.sandfire.com.au 19
Slide 20: Monty Drilling – Additional Information
Monty Drilling – Additional Information For personal use only Table 1 – Drill-hole Information Summary, Springfield Project Details and coordinates of drill collars are provided below: Hole ID Depth Dip Azimuth Grid_ID East North RL Lease ID Hole Status TLDD0002A 463 -61° 110° MGA94_50 743544 717121
Slide 21: Mineral Resource, Ore Reserve and Mine Plan
Mineral Resource, Ore Reserve and Mine Plan For personal use only Maiden C4 Ore Reserve and Mineral Resource addition extended mine life to mid-2021 • Previously announced increases to high-grade Underground Mineral Resource incorporated into DeGrussa Mine Plan, extending mine life to mid-2021 • Mai