Nyrstar NV · EURONEXT:NYR
Nyrstar NV — BMO 2015 Global Metals & Mining Conference
12 slides from Nyrstar NV's conference presentation, Feb 24, 2015
Slide 1: 2015 Global Metals & Mining Conference
24 FEBRUARY 2015 – 2015 Global Metals & Mining Conference
Slide 2: Important Notice
Important Notice This presentation has been prepared by the management of Nyrstar NV (the "Company"). It does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any
Slide 3: Nyrstar at a glance
Nyrstar at a glance A unique industrial footprint with scale and diversity across zinc metal value chain and market leading position in zinc and growing positions in other base, precious and minor metals Global portfolio Approximately 95% of Nyrstar revenues are generated in OECD countries 9 mines 6
Slide 4: Outlook for zinc fundamentals continues to strengthen with indications of a dual deficit
Outlook for zinc fundamentals continues to strengthen with indications of a dual deficit Global zinc demand & Zinc concentrate and metal stocks M’tonnes Days 18 17.7 120 Fundamentals for zinc continue to strengthen 17.1 17 16.4 with expectations of a tightening of raw 15.8 100 16 15.1 material sup
Slide 5: Concentrate supply moving towards deficit
Concentrate supply moving towards deficit Significant zinc mine changes (>30kt) 1 2015 2016 2017 An imminent tightening of raw material supply is Century forecast with mining depletions and attritions Skorpion outpacing supply growth from 2016 Rampura-Agucha Wood Mackenzie identify a number of p
Slide 6: Strong underlying demand fundamentals
Strong underlying demand fundamentals Chinese per capita consumption is at a less mature stage than other Asian economies Chinese demand, driven by urbanization is expected to grow with a CAGR of 6% Automotive sector in China is becoming more zinc intensive Other BRIC economies such as India a
Slide 7: Port Pirie Redevelopment: moving to a fundamentally different business model
1 Port Pirie Redevelopment: moving to a fundamentally different business model Ability to process all internally generated residues, allowing Nyrstar to control approximately 50% of feed material requirements, drives financial returns and significantly reduces supply risk PRIMARY LEAD SMELTER POLY-M
Slide 8: Metals Processing Growth Pipeline Investments
2 Metals Processing Growth Pipeline Investments A transformative investment program will capture benefits from Nyrstar’s integrated lead / zinc network and develop new multi-metals recovery capabilities HISTORICAL OPERATIONS METAL PROCESSING TRANSFORMATION Lifting constraints at Fumers allow more ef
Slide 9: Keen focus on addressing mining segment underperformance
3 Keen focus on addressing mining segment underperformance Establishing a performance culture Targeting and delivery of key performance □ Increase accountability and recognition of indicators performance □ Target competitive industry metrics (e.g. □ Work collaboratively to identify and deliver best
Slide 10: Improved financial performance and strengthened balance sheet
Improved financial performance and strengthened balance sheet EBITDA1 280 EURm 2013 2014 ∆ +51% Revenue 2,824 2,799 (1)% 185 239 Gross profit 1,251 1,293 3% Metal Processing 149 EBITDA 185 280 51% Profit/(Loss) after tax (195) (90) 54% Mining 78 87 Net Debt 670 438 (35)% Other -43 -46 2013 2014 Gr
Slide 11: Highly levered to zinc price and USD/EUR exchange rate
Highly levered to zinc price and USD/EUR exchange rate Full Year 2014 Estimated annual Parameter Annual Average Variation EBITDA impact price/rate EURm FY 2014 USD:EUR 0.752 -/+ 10% (107) +130 Zinc price $2,164/t -/+ 10% (72) +76 Zinc TC $223/dmt -/+ 10% (26) +26 EUR:AUD 1.472 -/- 10% (28) +23 Coppe
Slide 12: Questions
Questions Questions 12