Hecla Mining Company · NYSE:HL
Hecla Mining — CIBC Western Institutional Investor Conference 2020
10 slides from Hecla Mining's conference presentation, January 2020
Slide 1: Realizing Value in Precious Metals
CIBC INSTITUTIONAL INVESTOR CONFERENCE Realizing Value in Precious Metals January 2020 RESPONSIBLE. SAFE. INNOVATIVE. Hecla Mining Company NYSE: HL
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended
Slide 3: Cautionary Statements (cont'd)
CAUTIONARY STATEMENTS (cont’d) Cautionary Statement Regarding Forward Looking Statements (Cont’d) In addition, material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating
Slide 4: Hecla Has Fundamental Value
HECLA HAS FUNDAMENTAL VALUE Long-lived, low cost North American assets in strong jurisdictions Characteristics are unique among peers Asset Overview • Largest primary silver producer in the US, third largest producer of lead and zinc with proven track record • Best mining jurisdictions: Alaska, Queb
Slide 5: Diverse Asset Portfolio in Mining Friendly Jurisdictions
DIVERSE ASSET PORTFOLIO IN MINING FRIENDLY JURISDICTIONS NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 5
Slide 6: Share Price Rebounding but Still Below Highs
SHARE PRICE REBOUNDING BUT STILL BELOW HIGHS Like the bond market, the equity market is seeing value but well below the GDXJ 3-Year Performance GDXJ vs. HL Hecla Debt Yield Since May $7.50 $45.00 $7.00 $43.00 $6.50 12.8% $41.00 $6.00 $5.50 $39.00 $5.00 $37.00 $4.50 $35.00 $4.00 6.8% $3.50 $33.00 $3.
Slide 7: Realizing Value
REALIZING VALUE Solid progress so far; more work to do Complete To Do 2020 Greens Creek production increase Ratification of Lucky Friday contract Fully repaid revolver from cashflow Year-end cash balance of $62 million $136 million reduction in net debt; improves leverage metrics Refinance Senior No
Slide 8: Appendix
Appendix NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 8
Slide 9: Adjusted EBITDA Reconciliation to GAAP
ADJUSTED EBITDA RECONCILLIATION TO GAAP Reconciliation of Net Income (Loss) (GAAP) to Adjusted EBITDA (non-GAAP) Dollars in thousands (USD) 3 Months Ended 31-Mar-19 30-Jun-19 30-Sep-19 Net Income (Loss) $ (25,533) $ (46,532) $ (11,155) Plus: Interest expense, net of amount capitalized 10,665 11,335
Slide 10: Free Cash Flow Reconciliation to GAAP
FREE CASH FLOW RECONCILIATION TO GAAP Reconciliation of Cash Flow from Operations (GAAP) to Free Cash Flow (Non-GAAP) NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 10
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