Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Shareholder Meeting (July 2019)
15 slides from Jupiter Mines's shareholder meeting presentation, Jul 29, 2019
Slide 1: Annual General Meeting, Monday 29 July 2019
For personal use only ANNUAL GENERAL MEETING MONDAY 29 JULY 2019
Slide 2: Agenda
AGENDA For personal use only 1. Presentation: Tshipi Performance 2. Consideration of reports 3. Questions and comments 4. Resolutions: explanation, questions and voting 2
Slide 3: Tshipi & Jupiter has delivered since last AGM
TSHIPI & JUPITER HAS DELIVERED SINCE LAST AGM For personal use only JUPITER PROMISED… JUPITER DELIVERED… FY2019 run-rate to exceed 3.3mt business plan Tshipi broke their export volume record, shipping 3.51mt Maintaining Tshipi’s position as one of the lowest cost FY2019 cost of production US$2.27/dm
Slide 4: Key Highlights
KEY HIGHLIGHTS For personal use only Exceptional operating and financial performance through all cycles: 100% Tshipi UOM 2017 2018 2019 Q1 2020 Total sales million tonnes 2.27 3.34 3.51 0.84 Revenue AUD million 375 589 872 200 EBITDA AUD million 126 307 582 132 Net profit after tax AUD million 88 18
Slide 5: Manganese Market
MANGANESE MARKET For personal use only 9.00 FY18 average manganese price = US$4.69 / dmtu Current spot manganese price (37% FOB PE) is US$4.83 / dmtu FY19 average manganese price = US$6.00 / dmtu (22 Jul 2019) 8.00 7.00 6.00 Feasibility study 5.00 price range US$4.00-$4.50 2019 industry experts 4.00
Slide 6: Share Price Performance & Significant Events
SHARE PRICE PERFORMANCE & SIGNIFICANT EVENTS For personal use only IPO 2018 AGM $0.40 Tshipi H1 FY2020 dividend declared 0.40 H1 2019 (R2bn) 250 dividend declared JMS added (5cps) to MSCI FY2019 dividend paid FY2019 200 0.35 dividend declared Investec (2.5cps) sell-down JMS added Tshipi R1.15bn Tshi
Slide 7: Targets for FY2020
TARGETS FOR FY2020 For personal use only 1. Strong cash generation by delivering 3mpta business plan and continuing to be one of the lowest cost manganese producers globally 2. Exclusive focus to put “cash in to the shareholders pocket” via a high payout; double digit yielding dividend 2010 3. Growt
Slide 8: Consideration of Reports
CONSIDERATION OF REPORTS For personal use only ▪ 2019 Directors’ Report ▪ 2019 Remuneration Report ▪ 2019 Financial Report ▪ Independent Audit Report – Grant Thornton 8
Slide 9: Questions and Comments
QUESTIONS AND COMMENTS For personal use only ▪ Only shareholders of Jupiter Mines Limited can speak at this time ▪ Voting shareholder – Green ▪ Non voting shareholder – Blue ▪ Visitor – Red 9
Slide 10: Resolution 1: Adoption of Remuneration Report
RESOLUTION 1: ADOPTION OF REMUNERATION REPORT For personal use only “That for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report contained in the Directors’ Report for the financial year ended 28 February 2019 be adopted by the Company.” FOR 5
Slide 11: Resolution 2: Spill Resolution (If Required)
RESOLUTION 2: SPILL RESOLUTION (IF REQUIRED) For personal use only “That, for the purposes of section 250V(1) of the Corporations Act and for all other purposes, approval is given for: a) Another meeting (the Spill Meeting) of Shareholders to be held within 90 days of this Meeting; b) All Directors
Slide 12: Resolution 3: Re-election of Mr Brian Gilbertson
RESOLUTION 3: RE-ELECTION OF MR BRIAN GILBERTSON For personal use only “That for the purposes of Listing Rule 14.4, clause 6.3 of the Constitution and for all other purposes, Mr Brian Gilbertson, being a Director of the Company who retires in accordance with clause 6.3 of the Constitution and, being
Slide 13: Resolution 4: Election of Mr Yeongjin Heo
RESOLUTION 4: ELECTION OF MR YEONGJIN HEO For personal use only “That, Mr Yeongjin Heo, being a Director of the Company appointed as an addition to the Board in accordance with clause 6.2 of the Constitution, for the purposes of Listing Rule 14.4 and clause 6.3 of the Constitution, and for all other
Slide 14: Resolution 5: Election of Ms Melissa North
RESOLUTION 5: ELECTION OF MS MELISSA NORTH For personal use only “That, Ms Melissa North, being a Director of the Company appointed as an addition to the Board in accordance with clause 6.2 of the Constitution, for the purposes of Listing Rule 14.4 and clause 6.3 of the Constitution, and for all oth
Slide 15: Chairman's Annual General Meeting Statement
CHAIRMAN’S ANNUAL GENERAL MEETING STATEMENT JUPITER MINES In the many decades that I have spent in senior board positions in listed and public companies, and LIMITED For personal use only in different countries, I can recall no shareholder vote that has stunned me more than the outcome of today’s vo