Ramelius Resources Limited · ASX:RMS
Ramelius Resources — FY2021 Earnings Presentation
14 slides from Ramelius Resources's earnings presentation, Aug 26, 2021
Slide 1: 2021 Financial Year Results
Ramelius Resources Limited For personal use only 2021 Financial Year Results ASX:RMS Mark Zeptner Tim Manners Managing Director Chief Financial Officer FY21 RESULTS PRESENTATION • AUGUST 2021 1 26 August 2021
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS For personal use only This presentation contains certain forward looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various risks and uncertainties. Act
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Structure Gold Production & Guidance For personal use only Market Cap1 A$1.25B @ $1.55 per share FY21 Production 272,109oz @ AISC A$1,317/oz (New Production Record) Enterprise Value1 A$1.01B @ $1.55 per share FY22 Guidance3 260,000 - 300,000oz @ AISC A$1,425 – 1,525/oz Sh
Slide 4: Production Flexibility from Multiple Assets
PRODUCTION FLEXIBILITY FROM MULTIPLE ASSETS For personal use only # Mid-point of FY22 Production Guidance, see ASX Release “June 2021 Quarterly Activities Report”, 29 July 2021 FY21 RESULTS PRESENTATION • AUGUST 2021 4
Slide 5: FY21 Production Highlights
FY21 PRODUCTION HIGHLIGHTS For personal use only 277,450 oz sold ↑ 22 % on 2020 A$2,282/ oz sold ↑ 13 % on 2020 A$1,317/ AISC oz ↑ 13 % on 2020 FY21 RESULTS PRESENTATION • AUGUST 2021 5
Slide 6: FY21 Financial Highlights
FY21 FINANCIAL HIGHLIGHTS For personal use only ↑ $634.3M ↑ $148.2M Revenue Underlying cash flow ↑ $341.0M ↑ $234.0M EBITDA Cash & gold on hand ↑ $126.8M ↑ 2.5 cps NPAT Final dividend Note: all $ shown are A$ FY21 RESULTS PRESENTATION • AUGUST 2021 6
Slide 7: Revenue and Earnings
REVENUE AND EARNINGS For personal use only ➢ RECORD Sales Revenue ➢ RECORD EBITDA ➢ RECORD Net Profit after Tax ➢ Revenues up 38% on increased production from Edna May and a higher realised gold price ➢ Strong EBITDA margin of 54% for the year (FY20: 56%). Sector leading. ➢ EPS slightly lower than F
Slide 8: FY21 Financial Highlights
FY21 FINANCIAL HIGHLIGHTS^ For personal use only Financials Units FY21 FY20 Change Revenue A$’000 634,283 460,574 38 % EBITDA A$’000 340,975 256,025 33 % EBIT A$’000 177,439 152,512 16 % Statutory Net profit after Tax# A$’000 126,778 113,415 12 % Cash Flow from Operations A$’000 305,649 236,031 30 %
Slide 9: Movement in EBITDA
MOVEMENT IN EBITDA For personal use only ➢ 33% increase in EBITDA ➢ Improved EBITDA from both operating centres ➢ Additional volume at Mt Magnet more costly due to deeper mining at Eridanus and more tonnes from underground ore sources ➢ However, more than offset by higher gold price ➢ Edna May mill
Slide 10: Cash Generation
CASH GENERATION For personal use only ➢ Cash increased A$62.8M over the year with an underlying cash flow of A$148.2M1 ➢ Net mine cash flow2 margin has improved year on year for past 5 years due to higher gold prices and excellent cost control ➢ Strong cash flow margins were achieved even after sign
Slide 11: Strengthening Balance Sheet
STRENGTHENING BALANCE SHEET For personal use only ➢ Very strong balance sheet with excellent liquidity ➢ A$234.0M in cash & bullion with ~70,000oz contained in stockpiles and GIC ➢ 90% increase in working capital^ over the year to A$212.8M; excellent financial capacity ➢ Hedge book provides a balanc
Slide 12: Dividends
DIVIDENDS Final Dividend Returns for Shareholders For personal use only ➢ Fully franked dividend at 2.5 cents (A$20.4M) ➢ Payout rate of 32% of total cash flows ➢ Record date: 2 Sep 21 ➢ Returns A$75/oz produced in dividends ➢ Payment date: 4 Oct 21 ➢ Yield of 2.3%1 1 After tax and based on share pr
Slide 13: Focus for FY22
FOCUS FOR FY22 • Continue focus on meeting guidance, managing costs & improving safety For personal use only Operational Excellence • Guidance of 260,000 – 300,000 ounces at an AISC of A$1,425 – 1,525/oz • A$32M exploration budget - Mt Magnet and Edna May High Impact Exploration • Includes additiona
Slide 14: Thank You
THANK YOU Ramelius Resources Limited ASX Code: RMS For personal use only Level 1, 130 Royal Street East Perth WA 6004 Authorised for release to the ASX by the Managing Director. For further information contact: Investor enquiries: Mark Zeptner Tim Manners Managing Director Chief Financial Officer Ra