Slide 1: December 2016 Half Year Results Webcast
December 2016 Half Year Results Webcast – 21 February 2017 Access this presentation at: http://webcasting.boardroom.media/broadcast/589d21fd8a8dbf84280acb26 OR www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purport b
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer Competent Person’s Statement – Ore Reserves and Mine Plan ► The information in this report that relates to Ore Reserves and Mine Plan is based on information compiled by Mr Neil Hastings who is a Member of The Australasian Institute of Mining and Metallurgy. Mr H
Slide 4: Important Information and Disclaimer
Important Information and Disclaimer Exploration and Resource Targets ► Any discussion in relation to the potential quantity and grade of Exploration Targets is only conceptual in nature. While Sandfire is confident that it will report additional JORC compliant resources for the DeGrussa Project, th
Slide 5: Operating Results – 1HFY2017
Operating Results – 1HFY2017 Martin Reed – Chief Operating Officer 5
Slide 6: 1HFY2017 in Review
1HFY2017 in Review ► 1HFY2017 production: 33,740t copper and 19,914oz gold; C1 US$0.92/lb ► FY2017 production guidance maintained: 65-68,000t copper, 35- 40,000oz gold; C1 cash cost US$0.95-1.05/lb ► Safety TRIFR reduced: 7.1 (FY2016) to 6.3 (1HFY2017) ► Feasibility Study nearing completion on the M
Slide 7: Financial Results – 1HFY2017
Financial Results – 1HFY2017 Matthew Fitzgerald – Chief Financial Officer 7
Slide 8: Headline Financial Results for the Half Year Ended December 2016
Headline Financial Results for the Half Year Ended 31 December 2016 Sandfire maintains strong operational and financial perfomance ► Sales revenue of $248.0M ► Strong cash flow from operating activities of $96.7M ($112.8M prior to payments for exploration and evaluation expenses) ► DeGrussa Mine seg
Slide 9: Headline Financial Results: Sandfire maintains dividend payments
Headline Financial Results for the Half Year Ended 31 December 2016 Sandfire maintains dividend payments ► Interim dividend for 1HFY2017 of 5.0cps (fully franked) ► Maintaining dividend stream from profitable operations and increased copper price ► 1HFY2017 payout ratio based on ~20% of earnings per
Slide 10: December 2016 Half Year Presentation – Headline Income
December 2016 Half Year Presentation – Headline Income Income Statement Review – Key Results ($’000) Dec 2016 Dec 2015 Sales revenue 247,989 228,322 Profit before net finance and 53,707 25,967 income tax Net finance expense (793) (3,004) Profit before income tax 52,914 22,963 Income tax expense (16,
Slide 11: December 2016 Half Year Presentation – Balance Sheet
December 2016 Half Year Presentation – Balance Sheet Balance Sheet Review ($‘000) December 2016 June 2016 ► Cash – $107M - $50M debt ASSETS repayment 31 January 2017, Cash and cash equivalents 107,087 66,223 $14M dividend payment Trade and other receivables 23,002 20,467 Inventories 26,129 30,070 ►
Slide 12: December 2016 Half Year Presentation – Balance Sheet
December 2016 Half Year Presentation – Balance Sheet Balance Sheet Review ($’000) December 2016 June 2016 ► Finance facility – $50M LIABILITIES repaid 31 January 2017 Trade and other payables 32,929 30,885 ($85M Revolver Facility and Interest bearing liabilities 50,306 1,767 $25M Working Capital Inc
Slide 13: December 2016 Half Year Presentation - Cash
December 2016 Half Year Presentation - Cash Cashflow and Dividends Sales Receipts $258.7M Operating cash flow prior to exploration and evaluation $112.8M 44% Margin 13
Slide 14: Summary and Outlook
Summary and Outlook Continued strong outlook for 2HFY2017 and beyond ► Consistent, low-cost copper-gold production • 1HFY2017 performance: 33,740t Cu, 19,914oz gold at C1 US$0.92/lb • FY2017 guidance: 65-68,000t Cu, 35-40,000oz Au at C1 US$0.95-1.05/lb ► New chapter of discovery success and growth a
Slide 15: Contact Details: Sandfire Resources NL
Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 1, 31 Ventnor Avenue, West Perth, Western Australia 6005 T +61 8 6430 3800 F +61 8 6430 3849 www.sandfire.com.au 15