Slide 1: Fiscal Q4 2021 Results
Fiscal Q4 2021 Results August 12, 2021
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future
Slide 3: Today's Speakers
Today’s Speakers Bill Heissenbuttel Paul Libner Mark Isto Dan Breeze President and CEO CFO and Treasurer Executive VP and COO VP, Corporate Development Royal Gold Corp. RGLD Gold AG ROYAL GOLD, INC. | FISCAL Q4 2021 RESULTS | AUGUST 12, 2021 3
Slide 4: Fiscal 2021 Overview
Fiscal 2021 Overview • Highlights for the fiscal year ended June 30, 2021 • Record revenue of $615.9M on volume of 303,100 GEOs1 • Record net income of $302.5M, or $4.61/share • $3.59/share after adjustments2 • Record $407.2M cash flow from operations • $76.1M dividends paid • $0M of debt, $226M of
Slide 5: Portfolio Performance
Portfolio Performance 2021 REVENUE SOURCES ROYALTY & STREAM GEOs REVENUE INCREASE COMPONENTS +32% +19% +21% 74% TOTAL GEOs (‘000s) Q4’20 vs. Q4’21 COMMODITY PRICE VOLUMES* GOLD 62.9 55.8 57.5 53.1 50.1 +40% 27.0 29.5 26.3 20.0 21.2 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q4 2020 Q4 2021 Gold Silver Copper Oth
Slide 6: Recent Developments
Recent Developments • Khoemacau progress3 • First concentrate produced June 30, first shipment July 19 • Total funding to date: • $222.6M advance payments for 84% of payable silver • $25.0M debt financing • $42.4M stream financing remains available • Target startup timeline: • Commissioning – underw
Slide 7: Recent Developments
Recent Developments4 • Pueblo Viejo • Process plant and tailings expansion: • Process plant expansion overall engineering 87% complete, construction 10% complete • Social, environmental and technical studies advancing for tailings and waste rock capacity • Silver recoveries improving • Delivery of 4
Slide 8: Côté Gold Project Royalty
Côté Gold Project Royalty4 CÔTÉ GOLD PROJECT • Open pit project owned 92.5% by 70/30 IAMGOLD/ Sumitomo Metal Mining JV, and 7.5% 3rd party • Mining friendly jurisdiction – located 125km southwest 18+ yr of Timmins and 175km north of Sudbury in Ontario, Mine life Canada • Close to road, rail and powe
Slide 9: NX Gold Mine Gold Stream
NX Gold Mine Gold Stream4 NX GOLD STREAM • 25% gold stream until the delivery of 93,000 oz, and 10% thereafter; cash price of 20% of spot until the delivery of 49,000 oz, and 40% thereafter • $100M Advance Payment at closing 34.5-37.5k oz • Up to $5M Exploration Advance at a rate of $100/m of 2021 P
Slide 10: Red Chris Mine Royalty
Red Chris Mine Royalty4 RED CHRIS MINE • Open pit mine and underground project owned by the Red Chris JV (70% Newcrest / 30% Imperial Metals); Newcrest is the Operator • Located in the “Golden Triangle” region of NW British 1.2B tonnes Columbia MI&I Resources • Deposit dimensions of 0.3km wide x 3.4
Slide 11: Red Chris Mine Royalty
Red Chris Mine Royalty4 ROYAL GOLD, INC. | FISCAL Q4 2021 RESULTS | AUGUST 12, 2021 11
Slide 12: Fiscal Q4 Financial Results
Fiscal Q4 Financial Results • $168.0M revenue • Volume of 92,400 GEOs1 • Strong contribution from royalty segment • Higher gold, silver, copper prices compared to prior year quarter • $81.7M net income, or $1.24/share • $1.04/share, adjusted to exclude2: • $0.18/share tax benefit related to release
Slide 13: Guidance
Guidance5 Quarter Ended 6 Month Stub Period Sept. 30, 2021 July 1 - Dec. 31, 2021 Stream segment GEO sales 62,000 – 67,000 GEO n/a Ending Inventory 22,000 – 27,000 GEO n/a Overall Total GEO sales n/a 175,000 – 185,000 GEO* DD&A1 n/a $520 – 570 / GEO* * Commodity price assumptions for 6 month GEO pro
Slide 14: Fiscal Q4 Liquidity
Fiscal Q4 Liquidity • ~$1.2B of liquidity available at June 30, 2021 June 30, 2021 Amount (US$ M) Undrawn revolving credit facility 1,000 Working capital 245 Total available liquidity $1,245 • $1B revolving credit facility extended 2 years to July 7, 2026 • $100M drawn on revolving credit facility A
Slide 15: Endnotes
Endnotes 1. Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by reportable segment) for a period divided by the average gold price for that same period. DD&A per GEO is calculated as reported depreciation, depletion and amortization for a period divided by GEOs for tha
Slide 16: Investor Relations Contact
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com