Mountain Province Diamonds Inc. · OTC:MPVDF
Mountain Province Diamonds — Denver Gold Show 2022
25 slides from Mountain Province Diamonds's conference presentation, September 2022
Slide 1: Denver Gold Show September 2022
TSX: MPVD Denver Gold Show September 2022 TITLE SLIDE WWW.MOUNTAINPROVINCE.COM 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT Cautionary Statement Regarding Forward Looking Information Cautionary Statement: This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations
Slide 3: Mountain Province Diamonds Inc.
MOUNTAIN PROVINCE DIAMONDS INC. Low Leverage Business • Improving leverage profile of the Company with targeted 2023 Debt to with Established EBITDA of ~2.0:1 with 8 years life of mine remaining Diamond Mine • Top-tier asset with globally significant scale, the Gahcho Kué Mine is the 4th Top Tier As
Slide 4: Mountain Province Diamonds Inc.
MOUNTAIN PROVINCE DIAMONDS INC. • Low worldwide inventory, combined with global economies recovering from the pandemic is resulting in a confluence of positive factors that increased prices in 2021 and 2022 Favourable Industry • Diamond prices rallied in the third and fourth quarters of 2020 and Out
Slide 5: Business Strategy
BUSINESS STRATEGY 1. Optimize the Business Focus on Safety, Operations and Costs – drive the bottom line. Realize the maximum value for the product 2. Drive Sustainable Development Reduction in CO₂ emissions. Focus on Environmental stewardship, Indigenous capacity building & local economic developme
Slide 6: Globally Significant Scale
GLOBALLY SIGNIFICANT SCALE Jwaneng Mine - Botswana (CPI Rank* 45/180) – LOM 2036 Open Pit – ~19M carats (2020) Orapa Mine – Botswana (CPI Rank* 45/180) – LOM 2036 Open Pit – ~16.5M carats (2020) Catoca Mine – Angola (CPI Rank* 136/180) – LOM 2037 Open Pit – ~7M carats (2020) Gahcho Kué – Canada (CPI
Slide 7: Diamond Industry Fundamentals
DIAMOND INDUSTRY FUNDAMENTALS Market Rebound From 2020 Lows Remains Extremely Robust Subdued Supply Growth + Healthy Demand • In 2022, global natural diamond production has remained at multi-year • In 2021 Producers increased production volumes and pulled from lows in volume terms but rebound year-o
Slide 8: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Revenue and Adj. EBITDA C$120.0M 60% 56% 53% 50% C$100.0M 50% Robust Margins 44% 44% C$80.0M 40% 35% C$60.0M 30% Low Capital Risk C$40.0M 20% C$20.0M 10% C$0.0M 0% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Adjusted EBITDA (C$M) Sales (C$M) Adj. EBITDA Margin MOUNTAIN PROVI
Slide 9: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY ISO 140001 & 45001 Certified E Executive compensation is tied to ESG performance. Environment Best practice environmental management plans in place Reviewed by local communities and technical experts Approved by regulatory agencies Includes community-based monit
Slide 10: Financial Position and Capital Structure
FINANCIAL POSITION AND CAPITAL STRUCTURE Financial position (CDN) at June 30th, 2022: Cash $29.4 M Net working capital $-212.7 M Secured notes payable (current at YE21)1 $371.5 M Shareholders’ equity $398.6 M Market Capitalization $115.0 M Current share capital: Issued and outstanding 210.9 M Fully
Slide 11: 2019-2022 Operational and Financial Performance
2019-2022 OPERATIONAL AND FINANCIAL PERFORMANCE 2019 FULL YEAR 2020 FULL YEAR 2021 FULL YEAR 2022 FULL YEAR ACTUALS ACTUALS ACTUALS GUIDANCE Total Cts ‘000s 6,821 6,519 6,229 5,600 – 5,800 (100% basis) MPV Cts ‘000s 3,342 3,194 3,052 2,744 – 2,842 (49% basis) Adjusted EBITDA At H1/22, Actual C$87.1
Slide 12: Updated NI 43-101 Technical Report Highlights
UPDATED NI 43-101 TECHNICAL REPORT HIGHLIGHTS Post-Tax NPV C$964M After-Tax/Royalty NPV Attributable to Mountain Province Diamonds Pre-Tax NPV C$ 1,233M Pre-Tax/Royalty NPV Attributable to Mountain Province Diamonds Reserve / Resources Growth 2.6M Carats in Reserve additions YoY, before depletion Im
Slide 13: Life of Mine Plan – Expansion Potential
LIFE OF MINE PLAN – EXPANSION POTENTIAL HEARNE TUZO SW CORRIDOR 5034 Unclassified conceptual-stage extension discovered via recent drilling WILSON NEX Potential for depth extension Potential for depth extension HEARNE 5034 Tuzo & Wilson • Hearne has been a consistent surprise since • The first kimbe
Slide 14: Kennady North Project – Land Position
KENNADY NORTH PROJECT – LAND POSITION • Located about 280 kilometers northeast of 2022 Discovery Focused Exploration plan developed Yellowknife, NT. • Land position exceeds 107,000 hectares (doubled compared to 2021) • Completely surrounds the Gahcho Kué Mine Core Area Leases • 2022 Exploration repr
Slide 15: Kennady North - Kelvin and Faraday Kimberlite Resources
KENNADY NORTH - KELVIN AND FARADAY KIMBERLITE RESOURCES Section View Looking North land surface land surface Faraday 2 Inferred Resource: • 2.07 million tonnes • 2.63 carats per tonne • 5.45 million carats Kelvin Indicated Resource: • 8.50 million tonnes Faraday 1-3 Inferred Resource: • 1.60 carats
Slide 16: Business Strategy – YTD 2022 Achievements
BUSINESS STRATEGY YTD 2022 Achievements 1. Optimize the Business Refreshed management team including CEO, CFO; Appointment of CSO and CTO Focus on Safety, Operations and Costs – drive the bottom line. Realize the maximum value for the product Strengthened integration of Mountain Province managem
Slide 17: Investment Thesis
INVESTMENT THESIS NPV $1.2B Canadian Dollars De Beers Group, an experienced Joint Venture mining partner, coupled with Mountain Province, an Pre-Tax/Royalty, 2021 published NI 43-101 experienced diamond explorer. GK NAV per share $3.68 Post-Tax/Royalty, 2021 published NI 43-101 Total Corp. Adjustmen
Slide 18: Corporate Information
CORPORATE INFORMATION C O R P O R AT E O F F I C E WEBSITE / EMAIL 161 Bay Street, Suite 1410 www.mountainprovince.com Toronto, ON M5J 2S1 info@mountainprovince.com Canada Tel. +1 (416) 361-3562 TSX: MPVD MOUNTAIN PROVINCE DIAMONDS TSX: MPVD 18
Slide 19: Appendices
APPE NDIC ES MOUNTAIN PROVINCE DIAMONDS TSX: MPVD 19
Slide 20: Management
MANAGEMENT Mark Wall, MBA, FAusIMM Steven Thomas, FCA Reid Mackie President and Chief Executive Officer Chief Financial Officer (CFO) VP Diamond Marketing (CEO) • Over 25 years of mining industry experience across the spectrum of • Twenty-five years of financial and mining industry experience • Twen
Slide 21: Board of Directors
BOARD OF DIRECTORS Jonathan Comerford Mark Wall Kelly Start-Anderson Brett Desmond Chairman President and CEO Independent Director Director • Director of the Company since September 2001 • Over 25 years of mining industry experience across • An accomplished executive in the Canadian mining • Seasone
Slide 22: Asset Location
ASSET LOCATION OVERVIEW ASSET LOCATION • Gahcho Kué is located in Canada’s Northwest Territories (“NWT”) • The NWT represents a mining friendly, politically stable jurisdiction; top ranked across multiple factors • NWT GDP of c. $3.7bn(1); the mining and oil and gas extraction industry is the larges
Slide 23: Mineral Resource and Reserve Summary
MINERAL RESOURCE AND RESERVE SUMMARY Mineral Reserves and Resources, 100% Basis (Effective Date Dec 31, 2021 MPV Exploration Properties Kelvin and Faraday (Effective Date May 10, 2019) Mineral Reserves Summary (as of December 31, 2021) (Presented on a 100% basis) Pipe Classification Tonnes (Mt) Cara
Slide 24: Kelvin and Faraday Pipes
KELVIN AND FARADAY PIPES Faraday 2 Faraday 1 & 3 Kelvin Inferred Resource of: Inferred Resource of: Indicated Resource of: • 2.07 million tonnes • 1.87 million tonnes • 8.50 million tonnes • 2.63 carats per tonne • 1.04 carats per tonne • 1.60 carats per tonne • 5.45 million carats • 1.90 million ca
Slide 25: Disclosure of Technical Information
KELVIN AND FARADAY DISCLOSURE OF TECHNICAL PIPES INFORMATION Qualified Person Technical information included in this presentation regarding the Company’s mineral property has been reviewed by and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both employees of Mount