Slide 1: Full Year Results Presentation
Ramelius Resources Limited Full Year Results Presentation 24 August 2020 ASX:RMS Mark Zeptner Tim Manners Managing Director & CEO Chief Financial Officer FY20 RESULTS PRESENTATION • AUGUST 2020 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 – Records Broken Everywhere You Look
DELIVERING SHAREHOLDER RETURNS – RECORDS BROKEN EVERYWHERE YOU LOOK Corporate Snapshot Share Price Performance FY20^ ➢ Shares on Issue*: 806M 80 $2.50 Million Shares 1.45Moz Mine Plan ➢ Market Cap @ A$2.00/sh*: A$1.6B 70 ➢ Cash & Gold: A$185.5M $2.00 60 Spectrum Vivien (Mt Magnet) Life of Mine Aquis
Slide 4: FY2020 Financial Highlights
FY2020 FINANCIAL HIGHLIGHTS^ Year End Year End % Financials Units 30 Jun 2020 30 Jun 2019 Change Revenue A$’000 460,574 352,770 31 % EBITDA A$’000 256,025 112,214 128 % EBIT A$’000 152,512 30,718 396 % Statutory Net profit after Tax# A$’000 113,415 21,832 420 % Cash Flow from Operations A$’000 236,0
Slide 5: Reconciliation of NPAT Year-on-Year
RECONCILIATION OF NPAT YEAR-ON-YEAR ▪ Higher gold price and higher production was backbone of 420% NPAT increase ▪ Lower operating costs driven by higher grade and low cost operations at Eridanus ▪ Underlying costs per tonne and costs per bcm elsewhere in the Group remain in line with, or are lower,
Slide 6: Creating a History of Profits & Dividends
CREATING A HISTORY OF PROFITS & DIVIDENDS 420% increase in FY20 NPAT FY20 RESULTS PRESENTATION • AUGUST 2020 6
Slide 7: Movement in Cash Balance
MOVEMENT IN CASH BALANCE ▪ Cash from operations driven from increase gold production and higher A$ gold prices ▪ Mine Development mostly on Eridanus, Marda and Shannon ▪ SPX Acquisition cash outlay of A$30.7M (net of cash acquired) ▪ Net debt to be repaid in FY21 Net Mine Cash Flow* $97.5 Million ▪
Slide 8: Margins Rising: Cost Control & Improving Gold Price
MARGINS RISING: COST CONTROL & IMPROVING GOLD PRICE ▪ Very consistent AISC profile over past 6 years…varying less than 4% over timeframe AISC Margin increased from 20% in FY15 to 42% in FY20 ▪ Expanding margins in gold bull market…AUD gold price at record levels through FY20 & into FY21 ▪ Gold produ
Slide 9: Balance Sheet
BALANCE SHEET Current Poised for Growth Assets A$270.9M ▪ Very strong balance sheet; excellent liquidity ▪ A$185.5M in cash & bullion with approx. 91,000 ozs contained in stockpiles, bullion and GIC ▪ Net Assets A$515M (up 85% y-o-y) ▪ Modest debt facility providing financial flexibility ▪ Hedge boo
Slide 10: Demonstrable History of Adding Value
DEMONSTRABLE HISTORY OF ADDING VALUE* ▪ Track record of generating positive (net) cash flow from new projects In Development ▪ Marda now in production; development phase largely complete (270kt ore stockpile on site; contains approx. $13M in free cashflow) ▪ Targeting Tampia mining commencement in m
Slide 11: FY2020 Key Financial Highlights
FY2020 KEY FINANCIAL HIGHLIGHTS Earnings • EBITDA: A$256.0M (2019: A$112.2M) • NPAT: A$113.4M (2019: A$21.8M) Cashflow • Cash from operating activities: A$236.0M (2019: A$137.0M) • Net Mine Cash Flow: A$97.5M (2019: A$70.5M) Balance Sheet • Cash & Bullion: A$185.5M (2019: A$106.8M) with A$24.4M bank
Slide 12: Peers – Relative Share Price Performance Over FY20
PEERS – RELATIVE SHARE PRICE PERFORMANCE OVER FY20^ 250% 250% ▪ “Best in Class” for FY20 225% 225% 200% 200% ▪ Record breaking 4th Quarter COVID-19 175% 175% Onset 150% 150% ▪ Element of catch-up from 125% 125% prior periods of being under valued (management view) 100% 100% 75% 75% ▪ Market metrics
Slide 13: Ramelius
RAMELIUS Sunrise at Edna May gold mine Ramelius Resources Limited ASX Code: RMS Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Board of Director. For further information contact: Investor enquiries: Media enquiries: Mark Zeptner Tim Manners Luke Forrestal Manag