Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — CIBC Western Institutional Investor Conference 2021
12 slides from Royal Gold's conference presentation, Jan 20, 2021
Slide 1: CIBC Western Institutional Investor Conference
CIBC Western Institutional Investor Conference January 20, 2021
Slide 2: Cautionary Statement
Cautionary Statement Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of histo
Slide 3: Company Overview
Company Overview Opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mining operations Dual Business Segments… …Across A Diverse, Gold-Focused Portfolio… …With Standout Performance Royalty Interests: 188 12 $499M 320,000 An interes
Slide 4: Strong Liquidity Position and Financing Strategy Drive Shareholder Returns
Strong Liquidity Position and Financing Strategy Drive Shareholder Returns We anticipate financing acquisitions with non-dilutive Disciplined capital allocation prioritizes forms of capital in the following priority: balance sheet, dividends and investment2 • Existing cash balances • Cash flow from
Slide 5: Liquidity and Financing Strategy
Liquidity and Financing Strategy For almost 20 years, Royal Gold’s growth has been financed accretively and without significant equity dilution $3.9B Cumulative Revenue Revenue Operating Cash Flow $2.4B Cumulative Operating Cash Flow Cash G&A Expenses $264M Avg. Gold Price Cum. Cash G&A1 Expenses Sh
Slide 6: Royal Gold Offers a Consistent, Increasing and Sustainable Dividend
Royal Gold Offers a Consistent, Increasing and Sustainable Dividend Since 2000, Royal Gold shareholders have received a dividend regardless of the gold price CONSISTENT - INCREASING - SUSTAINABLE US$/share US$/oz $1.40 $2,200 17% $1.20 Dividend Payout Ratio Gold Price $2,000 $1,800 Dividend CAGR (FY
Slide 7: Appendix
I> RoyALGOLD,INC
Slide 8: Non-GAAP Measures
Non-GAAP Measures Non-GAAP Financial Measures and Certain Other Measures Overview of non-GAAP financial measures: Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (“GAAP”).
Slide 9: Non-GAAP Measures
Non-GAAP Measures Reconciliation of non-GAAP financial measures to U.S. GAAP measures Adjusted EBITDA: Three Months Ended September 30, (amounts in thousands) 2020 2019 Net income and comprehensive income $ 106,674 $ 68,872 Depreciation, depletion and amortization 46,300 38,714 Non-cash employee sto
Slide 10: Non-GAAP Measures
Non-GAAP Measures Reconciliation of non-GAAP financial measures to U.S. GAAP measures (cont.) Adjusted net income and adjusted net income per share: Three Months Ended September 30, (amounts in thousands, except per share data) 2020 2019 Net income and comprehensive income attributable to Royal Gold
Slide 11: Non-GAAP Measures
Non-GAAP Measures Reconciliation of non-GAAP financial measures to U.S. GAAP measures (cont.) Free cash flow: Three Months Ended September 30, (amounts in thousands) 2020 2019 Net cash provided by operating activities $ 94,152 $ 71,239 Acquisition of stream and royalty interests (11,304) (4,362) Fre
Slide 12: Contact Investor Relations
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com
Royal Gold — CIBC Western Institutional Investor Conference 2021 on 6ix