Slide 1: Fiscal Q2 2021 Results
Fiscal Q2 2021 Results February 4, 2021
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future
Slide 3: Today's Speakers
Today’s Speakers Mark Isto Bill Heissenbuttel Paul Libner Executive VP and COO, President and CEO CFO and Treasurer Royal Gold Corp. ROYAL GOLD, INC. | FISCAL Q2 2021 RESULTS | FEBRUARY 4, 2021 3
Slide 4: Q2 2021 Overview
Q2 2021 Overview • Highlights • Record revenue of $158.4M • $59.9M net income, or $0.91/share • $0.92/share after adjustments1 • $99.9M cash flow from operations • $18.4M dividends paid • $200M of debt, $182M of net cash1, ~$1.2B total available liquidity • Notable developments • Completed funding o
Slide 5: Recent Developments
Recent Developments • Khoemacau progress3 • Overall construction progress ~85% • $32.6M contribution to silver stream made January 6 • $212M total contribution to date – advance payment for 80% base silver stream now complete • Amount and form of remaining commitment to be determined • Target startu
Slide 6: Recent Developments
Recent Developments • Khoemacau progress3 Geocell progress on boxcut Concrete work on stormwater sump ROYAL GOLD, INC. | FISCAL Q2 2021 RESULTS | FEBRUARY 4, 2021 6
Slide 7: Recent Developments
Recent Developments • Khoemacau progress3 Haul road and access road to Boseto Concentrate bagging facility ROYAL GOLD, INC. | FISCAL Q2 2021 RESULTS | FEBRUARY 4, 2021 7
Slide 8: Recent Developments
Recent Developments • Khoemacau progress3 Modular water treatment plant Boseto substation ROYAL GOLD, INC. | FISCAL Q2 2021 RESULTS | FEBRUARY 4, 2021 8
Slide 9: Fiscal Q2 Financial Results
Fiscal Q2 Financial Results • $158.4M revenue • Volume of 84,500 GEOs2 • Strong contribution from royalty segment • Higher gold, silver, copper prices compared to prior year quarter • $59.9M net income, or $0.91/share • $0.92/share, adjusted to exclude1: • $0.01/share loss on equity securities • $99
Slide 10: Fiscal Q2 Liquidity
Fiscal Q2 Liquidity • ~$1.2B of liquidity available at December 31, 2020 • Additional $50M repaid on revolving credit facility on January 4, 2021 December 31, 2020 Amount (US$ M) Undrawn revolving credit facility 800 Working capital 393 Total available liquidity $1,193 • $212M advance payment for Kh
Slide 11: Endnotes
Endnotes 1. Adjusted net income, adjusted net income per share and net cash/debt are non-GAAP financial measures. See Schedule A to the accompanying press release dated February 3, 2021 for more information. 2. Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by report
Slide 12: Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com