Slide 1: Ramelius Resources Limited Full Year Results Presentation
Ramelius Resources Limited Full Year Results Presentation 26 August 2019 ASX:RMS Mark Zeptner Tim Manners Managing Director & CEO Chief Financial Officer FY19 RESULTS PRESENTATION • AUGUST 2019 1
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward Looking Statements This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Actu
Slide 3: Delivering Shareholder Returns
DELIVERING SHAREHOLDER RETURNS Corporate Snapshot – 23/08/2019 Share Price Performance ➢ Shares on Issue: 658M 40 $1.60 Millions ➢ Market Cap @ A$1.15/sh: A$757M 35 $1.40 ➢ Cash & Gold*: A$106.8M 30 $1.20 ASX-300 1Moz Mine Plan ➢ Debt*: Nil Inclusion Explaurum ➢ Enterprise Value: A$661M 25 $1.00 Acq
Slide 4: FY2019 Financial Highlights
FY2019 FINANCIAL HIGHLIGHTS^ Year End Year End % Financials Units 30 Jun 2019 30 Jun 2018 Change Revenue A$’000 352,770 341,784 3.2% EBITDA A$’000 112,214 127,028 (11.7%) EBIT A$’000 30,719 46,248 (33.6%) Net profit after Tax A$’000 21,832 30,760 (29.1%) Cash Flow from Operations A$’000 136,969 118,
Slide 5: Reconciliation of NPAT Year-on-Year
RECONCILIATION OF NPAT YEAR-ON-YEAR ▪ Marginally higher gold sales but with 3% higher realised gold price ▪ Higher operating costs per ounce largely driven by lower grade at Vivien ▪ Underlying costs per tonne and costs per bcm remained broadly in line with FY18 ▪ Lower tax expense FY19 RESULTS PRES
Slide 6: Improved 2nd Half Performance
IMPROVED 2ND HALF PERFORMANCE H1 H2 Full Year % KPI Units 31 Dec 2018 30 June 2019 2019 Change Gold Production Oz 104,051 92,628 196,679 (10.9%) Gold Sales Oz 107,636 95,682 203,318 (11.1%) Revenue A$’000 181,846 170,924 352,770 (6.0%) Average Price Received A$/oz $ 1,683 $ 1,783 $1,726 6.1% EBITDA
Slide 7: Margins Rising: Cost Control & Improving Gold Price
MARGINS RISING: COST CONTROL & IMPROVING GOLD PRICE ▪ Very consistent AISC profile Gold Production with Realised Gold Price and AISC over past 5 years…varying 225,000 $2,250 less than 5% over timeframe 200,000 $2,000 ▪ 175,000 $1,750 Expanding margins in gold bull market…AUD price at record 150,000
Slide 8: 5 Years of Profits
5 YEARS OF PROFITS FY19 RESULTS PRESENTATION • AUGUST 2019 8
Slide 9: Balance Sheet
BALANCE SHEET Current ▪ Net Assets $279M (up 38% y-o-y) Assets $152.3M ▪ No debt ▪ Poised to act on growth opportunities, both internal and external ▪ Very strong liquidity ▪ $106.8M in cash & bullion ▪ Approx. 58,000 ozs contained in stockpiles scheduled for processing over coming years FY19 RESULT
Slide 10: Demonstrable History of Adding Value
DEMONSTRABLE HISTORY OF ADDING VALUE* Still in Operation ▪ Track record of generating positive (net) cash flow from new projects To be Developed ▪ Tampia financial investment decision to be made later this calendar year ▪ Marda in development now ▪ Balance sheet strength to be applied to new acquisi
Slide 11: FY2019 Key Financial Highlights
FY2019 KEY FINANCIAL HIGHLIGHTS Earnings • EBITDA: A$112.2M (2018: A$127.0M) • NPAT: A$21.8M (2018: A$30.8M) Cashflow • Cash from operating activities: A$137M (2018: A$119M) • Net Mine Cash Flow : A$71M (2018: A$49M) Balance Sheet • Cash & Bullion: A$106.8M (2018: A$95.5M) • Debt free; capacity to s
Slide 12: FY19 RESULTS PRESENTATION • AUGUST 2019
FY19 RESULTS PRESENTATION • AUGUST 2019 12