Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Investor Presentation (December 2022)
21 slides from Triple Flag Precious Metals's investor presentation, Dec 6, 2022
Slide 1: Building the Next Senior Streaming and Royalty Company
BUILDING THE NEXT SENIOR STREAMING AND ROYALTY COMPANY December 2022 Corporate Presentation December 6, 2022 TSX:TFPM | NYSE:TFPM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Triple Flag
BUILDING THE NEXT SENIOR STREAMER TRIPLE FLAG Pure play precious metals streaming and royalty company Delivering value to our shareholders, partners and communities Streaming and royalty business gold focused and high margin Currently 15 producing and 65 development / exploration assets Pred
Slide 4: Combination with Maverix
BUILDING THE NEXT SENIOR STREAMER COMBINATION WITH MAVERIX Triple Flag and Maverix: building the next senior streaming and royalty company Strategic and Synergistic Quality, Pure Play Portfolio Greater scale, diversification and organic GEOs growth, Top-tier assets with leading operators, locate
Slide 5: Building the Next Senior Streamer
BUILDING THE NEXT SENIOR STREAMER BUILDING THE NEXT SENIOR STREAMER Triple Flag and Maverix: track record, continued organic growth and firepower to grow value Leading ESG Ratings $2.7B 115-120 koz $148M Market Cap 1 2022E GEOs LTM Operating Cash Flow Pro Forma Basis Pro Forma Basis 2 228 Assets 1.6
Slide 6: Combined Portfolio Triple Flag and Maverix
6BUILDING THE NEXT SENIOR STREAMER COMBINED PORTFOLIO TRIPLE FLAG AND MAVERIX Diversified portfolio of streams and royalties in top-tier jurisdictions Portfolio of 228 Assets Streams and royalties 29 Paying Assets Streams and royalties Strong Development and Exploration Pipeline Note: Pro forma comb
Slide 7: Pure Play Precious Metals
BUILDING THE NEXT SENIOR STREAMER PURE PLAY PRECIOUS METALS Combination with Maverix enhances high-quality diversification Asset Commodity Geography Consensus NAV Consensus NAV Consensus NAV Cornerstone assets with diversified 93% Precious 82% Americas production and Metals and Australia development
Slide 8: Diversified Production
BUILDING THE NEXT SENIOR STREAMER DIVERSIFIED PRODUCTION Combined portfolio with cornerstone assets and diversified production Northparkes Cerro Lindo RBPlat Fosterville Young-Davidson Buritica Au/Ag Ag Au Au Au Ag Beta Hunt Camino Rojo La Colorada Dargues ATO Auramet Au Au Au Au Au/Ag Au 29 paying
Slide 9: Track Record, Capital Discipline & Record Growth
BUILDING THE NEXT SENIOR STREAMER TRACK RECORD, CAPITAL DISCIPLINE & RECORD GROWTH High-quality, sustainable production profile Gold Equivalent Ounces (koz) 1 +140 GEOs koz 115-120 GEOs koz 84 100+ Assets in Various Stages of Development 63 42 33 34 2017A 2018A 2019A 2020A 2021A 2022E 2022E 5 Year A
Slide 10: Strong Free Cash Flow
BUILDING THE NEXT SENIOR STREAMER STRONG FREE CASH FLOW Operating Cash Flow Free Cash Flow 1 Net Earnings and Gross Profit Margin and (US$M) (US$M) Adjusted EBITDA 2 Asset Margin 3 (US$M) (% of revenue) $120 $120 $123 91% 92% 91% 89% 87% $96 $84 $84 $56 55% $48 $46 44% $32 $34 $40 $39 $27 $28 $27 $2
Slide 11: Robust Project Pipeline
ROBUST PROJECT PIPELINE Multiple projects in the execution and feasibility study phase Pre-Feasibility / Preliminary Economic Execution Resources Feasibility Assessment Camino Rojo Koné Converse Golden Eagle Beta Hunt Expansion Polo Sur McCoy-Cove Juby Hope Bay South Railroad Fenn-Gib Monument Bay S
Slide 12: Catalysts
CATALYSTS Near-term organic growth… NEAR-TERM ASSET CATALYSTS Northparkes E26 Lift 1 North Block Cave commenced production in 2022 Buritica Expanding throughput from 3,000 to 4,000 tpd Camino Rojo Construction complete, operations reaching steady state RBPlat Styldrift to reach steady-state run rate
Slide 13: Supportive Shareholder Base
BUILDING THE NEXT SENIOR STREAMER SUPPORTIVE SHAREHOLDER BASE Pro forma enhanced shareholder base and trading liquidity Other 20% Board and Dual-listed on TSX and NYSE Management 5% TFPM: 77% Robust institutional and strategic MMX: 23% 64% ownership 4% Leading management ownership Both TFPM
Slide 14: Robust Value Creation
BUILDING THE NEXT SENIOR STREAMER ROBUST VALUE CREATION ~11% Free Cash Flow yield on Net Investment in Mineral Interests 1 All figures in US$M Investment $250 Investment $75 Cerro Lindo Fosterville 2016 Investment 2018 Investment Return $198 $197 Return $75 $73 Cash Flow to Q3/22 Analyst NAV Cash Fl
Slide 15: Sustainability
BUILDING THE NEXT SENIOR STREAMER SUSTAINABILITY Superior ESG practices are core • Top ESG rankings – Inaugural (Nov 2022) ESG Risk Rating of 9.2 from Morningstar Sustainalytics 1 – Ranked 4th of 120 companies in the global precious metals sector – Ranked top 1% of 15,556 rated companies globally •
Slide 16: Leadership Team
BUILDING THE NEXT SENIOR STREAMER LEADERSHIP TEAM Deep experience and networks in senior executive, commercial, ESG and accounting mining roles Shaun Usmar Sheldon Vanderkooy James Dendle Katy Board Eban Bari John Cash Leshan Daniel Chief Executive Officer Chief Financial Officer VP, Evaluations & V
Slide 17: Experienced Board
BUILDING THE NEXT SENIOR STREAMER EXPERIENCED BOARD Diverse capabilities, with deep mining and investing backgrounds and networks Dawn Whittaker Susan Allen Sir Michael L. Davis Director & Chair Director & Committee Chair 1 Director & Committee Chair 2 Timothy Baker Geoff Burns 3 Mark Cicirelli Pete
Slide 18: Building the Next Senior Streamer
BUILDING THE NEXT SENIOR STREAMER DISCIPLINED AND GOLD DIVERSIFIED, QUALITY, FOCUSED PURE PLAY PORTFOLIO ROBUST CASH FLOW AND POSITIONED FOR EMBEDDED GROWTH PREMIUM VALUATION Eskay Creek TSX:TFPM | NYSE:TFPM 18
Slide 19: Appendix
Buritica Appendix TSX:TFPM | NYSE:TFPM 19
Slide 20: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure and are based on stream and royalty interests and are calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quarter. The gold price is de
Slide 21: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) Free Cash Flow Three months ended Nine months ended September 30 September 30 2022 ($ thousands) 2022 2021 2022 2021 ($ thousands, except average gold Three months Three months Three months Nine months ended Operating cash flow
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