Slide 1: Faster, more accurate gold analysis
Faster, more accurate gold analysis Q3 FY24 - Quarterly Investor Update 23 April 2024 Dirk Treasure, Managing Director and CEO Brett Coventry, CFO
Slide 2: Important notice
Important notice The material in this presentation has been prepared by Chrysos Corporation Limited (ASX: C79) (“Chrysos” or the “Group") and is general background information about Chrysos’ current activities as at the date of this presentation. The information is given in summary form and does not
Slide 3: Financial and operating highlights
Financial and operating highlights Q3 FY24 Unaudited Total Revenue1 of $12.9m, reflecting 92% growth YoY $12.9m 1.1m Total Revenue1 Samples Processed • International (non-Australian) revenue now exceeding 50% of Total Revenue • +29% growth YoY • +190% EMEA revenue growth YoY, +479% Americas revenue
Slide 4: Executing on our global PhotonAssay roll out
Executing on our global PhotonAssayTM roll out Growing network of units in global mining hubs 27 Units Deployed1 Deployment schedule ■ Operating PhotonAssayTM on four continents in key mining hubs ■ Regional sales teams working closely with deployment teams to drive adoption of PhotonAssay, leading
Slide 5: Diversifying regional revenues
Diversifying regional revenues International revenue represents more than 50% of total unaudited revenue Unaudited Revenue by Region ■ Total revenue of $12.9m reflects an increase of 28% Quarter on 92% Quarter and 92% on Year on Year $14,000 ■ $12.3m attributable to PhotonAssayTM revenues $12,000 ■
Slide 6: Unit lifecycle & financial profile
Unit lifecycle & financial profile Unit economics are the underlying strength behind Chrysos’ business -18 Months -9 Months 8-12 weeks 5+5+5+5 year lease model 20 Years Long Lead Time • Detector station components Key steps Initial lease, renewal, recontract Refurbishment or re-use Components integr
Slide 7: Unit metrics and leverage
Unit metrics and leverage Improving unit metrics across deployed units Unaudited Revenue versus Cost per Unit1 ■ Consistently strong and improving unit margins representing 1,080,000 90% sustained revenue and decreasing unitised cost Revenue per Unit per Month (AUD) 960,000 80% ■ Unit costs decrease
Slide 8: In summary
In summary Chrysos PhotonAssayTM well positioned for sustainable growth ■ Continued top line growth in Q3 FY24: 28% increase QoQ and 92% increase YoY in Total Revenue1 ■ Revenue diversification with international revenue representing >50% of total unaudited revenue ■ Latent revenue capacity position
Slide 9: Appendix
Appendix [Insert]
Slide 10: Sample volume growth
Sample volume growth Ongoing adoption by global miners drives quarterly volume growth Average Samples Processed & Unit Utilisation1 400,000 70% 350,000 60% 300,000 50% Number of PhotonAssays 250,000 Utilisation 40% 200,000 30% 150,000 20% 100,000 50,000 10% - 0% Samples Processed - Monthly Average U
Slide 11: Top line momentum continuing
Top line momentum continuing Secure forecastable revenue accounts for 84% of Q3 FY24 Unaudited Total Revenue Unaudited MMAP, AAC and Other Income1 $14,000 ■ Minimum Monthly Assay Payments (MMAP) provide predictable and $13,000 sustainable minimum revenue $12,000 ■ Q3 FY24 MMAP was $10.9m, up 23% on
Slide 12: About Chrysos
CHRYSOS CORPORATION Assays at the speed of light About Chrysos
Slide 13: Chrysos – revolutionising the global mining industry
Chrysos – revolutionising the global mining industry Chrysos is a global provider of novel assay services through its proprietary PhotonAssayTM technology Samples Processed (Half Yearly) Disruptive Minerals Analysis Service and Lease Model with Technology Tier 1 Counterparties 9,000 8,000 Cumulative
Slide 14: The Chrysos Vision
The Chrysos Vision To become the world’s leading provider of innovative assay services and technologies Total Addressable Market (TAM) Convert gold mining projects to 700 PhotonAssayTM in all key mining hubs 610 Units 600 Focus on improved customer outcomes to drive sample volumes PhotonAssayTM
Slide 15: Our commercialisation journey
Our commercialisation journey The outcome of 20+ years of research and development International Prototype Complete JORC and NI43-101 New Customer deployment continues 1st PhotonAssayTM Max unit Companies cite PhotonAssayTM Announcements Established Canadian & data in market announcements Barrick Bu
Slide 16: PhotonAssay technology
PhotonAssayTM technology Efficient, effective and environmentally-friendly minerals analysis Step 1 Step 2 Step 3 The crushed sample Automated high-energy X-ray Automated reporting. (2-3 mm) is loaded into analysis, activates and detects gold atoms. jars and scanned into Sample can be retained unit
Slide 17: Delivering tangible benefits for miners
Delivering tangible benefits for miners PhotonAssayTM enables timely decision making and additional gold recovery The opportunity… PhotonAssayTM is embedded in the mining value chain PhotonAssayTM Value Add ■ Each year global miners are Exploration Fast turnaround for mine estimated to lose >$2.0 bi
Slide 18: Safe & sustainable analysis
Safe & sustainable analysis Meaningful OH&S and environmental benefits As of 31st March 2024, Chrysos PhotonAssayTM has achieved: PhotonAssayTM provides improved OH&S through the elimination of hazardous chemicals, lead exposure, and the ultra-high temperatures used in conventional fire assay. 4637
Slide 19: PhotonAssay growth potential
PhotonAssayTM growth potential Unlocking further market opportunities Commercially Available Near Term Development Broader Potential Detectable Elements Detectable Elements ■ Base metals ■ Rare earths ■ Uranium & Thorium ■ Energy metals Unlocking Future Opportunities Current / Core PhotonAssayTM app
Slide 20: Experienced leadership team
Experienced leadership team Supported by a well-respected and tenured board Senior leadership team Board of Directors Dirk Treasure Rob Adamson Kerry Gleeson Founding CEO & Managing Director Founder & Chairman Director • Metallurgist with a background in both • 20+ years’ experience in mining and •
Slide 21: Thank you
Thank you For more information, please visit chrysoscorp.com or contact us at investors@chrysoscorp.com