Om Holdings Ltd. · ASX:OMH
Om — Euroz Securities Limited 2004 Rottnest Island Conference
32 slides from Om's conference presentation, Mar 9, 2004
Slide 1: OM Holdings Limited ASX cover letter
OM HOLDINGS LIMITED ARBN 081 028 337 #08 — 08, Parkway Parade 80 Marine Parade Road, 449269 Singapore Tel: 65-6346 5515 Fax: 65-6342 2242 Email address: om@ommaterials.com No. of Pages Lodged: 32 9 March 2004 Company Announcements Office Australian Stock Exchange Limited 4" Floor 20 Bridge Street SY
Slide 2: Rottnest Presentation March 2004
OM HOLDINGS LIMITED ROTTNEST PRESENTATION MARCH 2004
Slide 3: OM Holdings Limited
OM Holdings Limited An ASX listed resources company with interests in: * mining manganese and iron ore; ¢ alloying of manganese and chrome ores; and * trading manganese and chrome ores into China.
Slide 4: Key Objectives
Key Objectives Develop an integrated manganese business that will enable OMH to become a global player in the Asian Manganese Business. Make use of established marketing skills to develop new business units that feed the Asian Steel Business.
Slide 5: Issued Capital
Issued Capital ¢ Fully paid ordinary shares * Unlisted options (@15 cents/share) * Fully diluted capital ¢ Market capitalisation @$0.85 ¢ Cash ¢ Debt
Slide 6: Board and Management
Board and Management ¢* Thang Kwek Min, Non Executive Chairman — Past GM of Intraco Limited. Long History of running a major trading company * Low Ngee Tong, Managing Director — Engineer with history of trading manganese and chrome ores into China. Founded OMH Limited. ¢ Trevor Tennant, Executive Di
Slide 7: Board and Management
Board and Management ¢ Heng Siow Kwee, Executive Director — Business Administration Graduate responsible for the accounting and financial management of OMH ¢ Seetoh Kwok Weng, Executive Director — Senior executive in Port Administration and trading prior to joining OMH ¢ James Pearson, Non Executive
Slide 8: Major Shareholders
Major Shareholders ¢ Directors and management have 55% of issued shares.
Slide 9: Business Units
Business Units ¢ Four integrated and complimentary business units o Bootu Creek - Manganese mining project in the Northern Territory of Australia. 100% o Qinzhou - Ferro Alloy Plant and Ore Distribution Facility in Guanxi Province China. 100% o Territory Iron - Iron Ore Exploration and Development i
Slide 10: Bootu Creek Strategy
Bootu Creek Strategy ¢ Become a long term, stable and competitive producer of manganese ore that has a specification suitable for alloy producers in Asia. ¢ Secure feed tonnage for the Qinzhou ferro alloy works. ¢ Enhance the opportunity for setting up an alliance with another long term producer
Slide 11: Bootu Creek
Bootu Creek Regulatory Approvals April ‘04 Long life (+10 years) Low Cost (near surface, near rail) Low Phos, Low Fe medium Mn grade Low Capex Good infrastructure Close to Markets GEMCO is 25% partner
Slide 12: Map Showing Project Location
Map Showing Project Location With Reference to Other Manganese Mines o Manganese Mine bo
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Slide 14: BA ARENT:
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Slide 15: GVP models of Bootu Creek
*GVP—ENTIRE MODEL (SHEKUMA, GO GO, XHOSA, CHUGGA, TOURAG) *GVP—SHEKUMA MODEL, ALL, Mn, PLAN VIEW *GVP—SHEKUMA MODEL, LOW GRADE SUB-DOMAIN, Mn, PLAN VIEW *GVP—SHEKUMA MODEL, HIGH GRADE SUB-DOMAIN, Mn, PLAN VIEW *GVP—GO GO MODEL, ALL, Mn, PLAN VIEW *GVP—GO GO MODEL, LOW GRADE SUB-DOMAIN, Mn, PLAN VIEW
Slide 16: Bootu Creek Resources
Bootu Creek Resources Resource Estimates Low Grade ns High Grade a ae Total 44 ; 27 Low Grade 2.5 25 South End swine 2 ot PO 27 Note:18% Mn cut off
Slide 17: Bootu Creek
Bootu Creek ¢ Initial annual production rate: Lump 350,000 Fines 150,000 Mass Yield 50% Product Specification Mn 45% SiO2 11% Fe 5% P .04%
Slide 18: Bootu Creek Financials
Bootu Creek Financials* Assumptions: ¢ Ata Mn selling price of ¢ Ata US exchange rate of Forecasts: * Capital Costs « Annual Revenue ¢ Annual EBIT ¢ OM Holdings share (75%) # First production Q4 ’04/Q1 °05 US$2.20 per unit 0.80 m 10 57 18 $13.5
Slide 19: Qinzhou Strategy
Qinzhou Strategy ¢ Integrated business capturing higher margins and credibility in the business. ¢ Affords opportunity of forming alliance with another ore producer that will benefit from ore distribution network and sharing in the development of a sinter plant. ¢ Ore distribution from stocks adjace
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Slide 23: Qinzhou Ferro Alloys
Qinzhou Ferro Alloys ¢ Si Mn Production Rate: 60,000 tpa * Power Cost: US$ 0.044 per KWH * Capital Cost: US$ 6.8 million — Self funded * Commissioning: Second quarter ’04 — On time and under budget ¢ Current selling price Si Mn: US$1200/tonne ¢ Budget selling price Si Mn: US$725/tonne ¢ Excellent tr
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Slide 25: Qinzhou Financial Outcome
Qinzhou Financial Outco ¢ Annual revenue: US$33.8 million ¢ Annual EBIT: US$ 4.8 million ¢ Potential EBIT if current product prices are sustained:
Slide 26: Ore and Metals Trading Strategy
Ore and Metals Trading Stra Moy ¢ Form alliances with strategic ore producers to become a globaly significant player. ¢ Qinzhou affords the opportunity of sintering and ore distribution as well as alloy production. ¢ Bootu Creek with its low phos grades makes it an attractive blending ore.
Slide 27: Ore and Metals Trading
Ore and Metals Trading® OMH traded 800,000 tonnes of manganese ore into China in 2003 OMH traded 300,000 tonnes of chrome ore into China in 2003 Total turn over for 2003: $167m Unaudited NPAT of $2.7 m for 2003
Slide 28: Territory Iron Strategy
Territory Iron Strategy * Become a low cost niche iron ore producer | based in the Northern Territory. ¢ Form alliances with chosen steel producers who will be interested in smaller tonnages of ore. ¢ Take advantage of the Frances Creek Iron Province that is adjacent the rail line and is within 200k
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Slide 30: Territory Iron
Territory [ron ¢ Will commence gaining regulatory approvals | mining at Frances Creek in 2005. * Have commenced a feasibility study into producing magnetite from the Warrego tailings at Tennant Creek. ¢ Major exploration programme planned for Frances Creek in 2004 to define known resources and explo
Slide 31: Schedules for Project
Schedules for Project 2004 2005 2006 ID |laskName Qtr4 | Qtr1 | Qtr2 | Qtr3 | Qtr4 | Qtr1 | Qir2 | Qtr3 | Qtr4 | Qtr | Qtr2 | Qir3 1 JOM Holdings 2 Bootu Creek 3 Qinzhou 4 Territory Iron § Trading
Slide 32: Summary
Summary OM holdings has proved its marketing capability. Bootu creek has a large regular, low phosphorous ore resource that will support an internationally competitive mine. Qinzhou has excellent transport logistics to provide for a competitive alloy plant, a stockpile area for an ore distribution c
OM Holdings — Euroz Securities Limited 2004 Rottnest Island Conference on 6ix