Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — FY2013 Earnings Presentation
14 slides from Energy Resources Of Australia Ltd. Class A's earnings presentation, Jan 31, 2014
Slide 1: Amended title page cover letter to ASX
Head office Level 3, Energy House, 18-20 Cavenagh St, Darwin NT 0800 GPO Box 2394, Darwin NT 0801, Australia T +61 8 8924 3500 F +61 8 8924 3555 Ranger mine Locked Bag 1, Jabiru NT 0886 Australia T +61 8 8938 1211 F +61 8 8938 1203 www.energyres.com.au ABN 71 008 550 865 A member of the Rio Tinto Gr
Slide 2: Presentation to the Financial Community: 2013 Full Year Results
For personal use only Presentation to the Financial Community 2013 Full Year Results Andrea Sutton | Chief Executive Steeve Thibeault | Chief Financial Officer 31 January 2014 www.energyres.com.au
Slide 3: Acknowledgement of Traditional Owners
Acknowledgement of Traditional Owners For personal use only • The mining operations of Energy Resources of Australia Ltd (ERA) are located on Aboriginal land and are surrounded by, but separate from, Kakadu National Park • ERA respectfully acknowledges the Mirarr, Traditional Owners of the land on w
Slide 4: Forward-looking statement
Forward-looking statement For personal use only • This presentation has been prepared by Energy Resources of Australia Ltd (“ERA”) and consists of the slides for a presentation concerning ERA. By reviewing/attending this presentation you agree to be bound by the following conditions. Forward-looking
Slide 5: Agenda
Agenda For personal use only • 2013 overview • Safety and people • Operational performance • Financial performance • Ranger 3 Deeps • Progressive rehabilitation • Summary Ranger 3 Deeps 4 www.energyres.com.au
Slide 6: 2013 overview
2013 overview For personal use only • While still strong, safety performance did not match the high standard of 2012 • Operational performance impacted by leach tank failure in December – Total ore treated was third highest on record – Majority of high grade ore mined in 2012 processed in first half
Slide 7: Safety remains key focus
Safety remains key focus • Safety • People and diversity For personal use only – Record 188 injury free days recorded – Workforce reduced by 18 per cent with completion of open cut mining and shift to stockpile processing and – All Injury Frequency Rate of 0.91 - strong but safety rehabilitation per
Slide 8: Operational performance impacted by leach tank incident
Operational performance impacted by leach tank incident For personal use only 2013 • Mill Operation – Third highest recorded volume of ore treated - 2.3 million tonnes Mill operation – Uranium oxide production of 2,960 tonnes Tonnes produced 2,960 – Most of high grade ore, mined at the end of 2012,
Slide 9: Leach Tank No. 1 failure
Leach Tank No. 1 failure For personal use only – Occurred 7 December 2013 – Joint Northern Territory and Federal – No injured personnel Government joint taskforce investigation and review – Spilled slurry contained within process area with no impact on – Recommencement of processing environment subj
Slide 10: Financial performance
Financial performance For personal use only 2013 • Earnings – Sales revenue of $356 million compared to $395 million in 2012, predominately Earning - $ million related to lower sales volume and average realised price, somewhat offset by • Net profit/(loss) after tax (136) favourable foreign exchange
Slide 11: Key variances – 2013 versus 2012
Key variances – 2013 versus 2012 For personal use only • 2013 net loss after tax of $136 million includes a write-down of finished goods inventories to net realisable value of $21 million. 2012 net loss after tax of $219 million included a non cash impairment charge of $68 million.* • To provide a c
Slide 12: Significant progress on Ranger 3 Deeps
Significant progress on Ranger 3 Deeps For personal use only • Ranger 3 Deeps exploration decline on schedule and budget – As at 31 December 2013, the face position of the decline was 1,694 metres from the surface – Underground exploration drilling of resource continues with total 13,924 metres comp
Slide 13: Progressive rehabilitation
Progressive rehabilitation For personal use only • Pit 3 backfilling ahead of schedule – 22.8 million tonnes of waste material placed in Pit 3 to the end of 2013 out of total 30 million tonnes • Rehabilitation of Pit 1 well advanced with initial 2.5 metre capping – Dewatering wicks installed – Appro
Slide 14: Summary
Summary For personal use only • Continued to respond to challenging environment and transition to lower production levels • Ongoing management of Leach Tank No. 1 incident and recovery. – Too early to evaluate impact on 2014 production and the financial position. – Work closely with regulators to re
Energy Resources of Australia — FY2013 Earnings Presentation on 6ix