Petra Diamonds Limited · LSE:PDL
Petra Diamonds — Q1 FY2024 Earnings Presentation
9 slides from Petra Diamonds's earnings presentation, Oct 24, 2023
Slide 1: Q1 FY 2024 Operating Update
Q1 FY 2024 Operating Update 09.30 BST 24 October 2023
Slide 2: Your presenters
Your presenters Q1 FY 2024 Operating Update 09.30 BST, Tuesday 24 October 2023 Richard Duffy, CEO Please see press release here: www.petradiamonds.com/investors/news/ Jacques Breytenbach, CFO 2
Slide 3: Highlights vs Q4 FY 2023 – safety and production
Highlights vs Q4 FY 2023 – safety and production Safety (LTIFR) Safety (LTIs) Ore processed (Mt) Diamonds produced (Kcts) 0.12 2.8 697 0.12 2 2 620 1.9 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 3
Slide 4: Actions being taken to stabilise markets and improve pricing
Actions being taken to stabilise markets and improve pricing Addressing current volatility in market Diamond price index (Quarterly)1 High levels of polished inventory resulting from 250 subdued demand during time of global economic and geopolitical uncertainty 200 Actions being taken by major produ
Slide 5: Highlights vs Q4 FY 2023 - financial
Highlights vs Q4 FY 2023 - financial Revenue1 (US$m) Average carat price (US$/ct) Gross debt (US$m) Net debt (US$m) 1.50 97.6 295.1 105 247.5 176.8 192.4 89 49.9 Q4 FY23 Q1 FY24 Q4 FY23 Q1 FY24 End-Jun 23 End-Sep 23 End-Jun 23 End-Sep 23 1 Revenue reflects proceeds from the sale of rough diamonds an
Slide 6: Mitigating actions in response to current market environment
Mitigating actions in response to current market environment Prudent steps taken to enhance business resilience: Advancement of Tender 2 FY 24 ahead of commencement of Indian Moratorium Commenced engagement with first lien lenders to upsize existing ZAR1 billion RCF to provide addition working capit
Slide 7: Outlook
Outlook • Continued focus on identifying and mitigating safety risks • Ongoing stabilisation of operations at Cullinan Mine and Finsch, and Williamson performing well • Actions taken by major producers and the 2-month Indian moratorium ending 15 December, expected to reduce inventory levels and stab
Slide 8: Q&A
Q&A
Slide 9: Thank you
Thank you Please email investorrelations@petradiamonds.com with any further questions