Aurelia Metals Limited · ASX:AMI
Aurelia Metals — H1 FY2019 Earnings Presentation
10 slides from Aurelia Metals's earnings presentation, Feb 19, 2019
Slide 1: H1 FY19 Interim Profit Result Presentation
ASX Code: AMI Building the Next Mid-Tier Gold and Base Metals Producer • Can we get access to some images of Peak to use on the cover here? H1 FY19 Interim Profit Result Presentation 19 February 2019 Jim Simpson, Managing Director & CEO Tim Churcher, Chief Financial Officer & CoSec This presentation
Slide 2: Important information
Important information This presentation is intended as a summary of the Company’s half year financial results for the six months to 31 December 2018. Investors are encouraged to read this presentation in conjunction with, and not as a replacement for, the Company’s published HY financial results rel
Slide 3: H1 FY19 Highlights
H1 FY19 Highlights Strong production • Half-year gold production of 71,333 oz (up 140% on prior period) • Low operating costs with AISC of $794/oz (AIC of $864/oz) • Significant by-product credits in copper, lead and zinc • AISC margin of $884/oz Cash generation and profit • EBITDA margin of 44% • S
Slide 4: Financial Results Summary
H1 FY19 Financial Results Summary • Strong production and cash flow delivered (relative to prior period) • Gold production up 178% to 71,333 oz at an AISC of $794/oz • 140% increase in sales revenue to $165M (67% gold, 15% lead, 10% copper and 5% zinc) • Cash balance increased by $41M in the six mon
Slide 5: Profit – driven by increased metal production
H1 FY19 Profit – driven by increased metal production • A strong half year driven by addition of Peak production and small increase in Hera production • Increased operating costs (relative to exceptionally low A$503/oz in the prior period) due to higher cost production and reduced by-product credits
Slide 6: Revenue contribution
H1 FY19 Revenue contribution • Aurelia’s revenue is predominantly gold in nature (70%) • By-product contribution from lead, copper, zinc and silver (addition of copper from Peak). • Future revenue mix will depend on the outcome of exploration at Hera and Peak for high grade gold extensions. • The co
Slide 7: Profit – key contributions
H1 FY19 Profit – key contributions • Increased profit from higher gold sales (at similar price) and the addition of copper revenue • Increased operating costs at Hera (reflecting the 27% increase in throughput) and addition of Peak costs in the period. Increased D&A from Peak in the period. • Increa
Slide 8: Cash Flow
H1 FY19 Cash Flow • $41M increase in cash in the six month period from June 18. • $57M in site cash flow (after capital) offset by increase in working capital, including • $10M reduction in creditors in the half ($5M relating to payment of Peak stamp duty) • Increased receivables (copper shipments s
Slide 9: Cash and Debt
H1 FY19 Cash and Debt • Balance sheet continues to improve with build in cash. No debt. • Current balance sheet and cash flow planned to fund internal projects under consideration (Peak Pb/Zn plant upgrade, Great Cobar exploration decline, Nymagee mine development and Hera Cu circuit modifications).
Slide 10: Financial Results
H1 FY19 Financial Results For further information please see Appendix 4D and Interim FY19 Financial Statements released to ASX on 19 February 2019 CORPORATE INFORMATION: Aurelia Metals Limited ABN 37 108 476 384 ASX Code: AMI Website: www.aureliametals.com.au Email: office@ aureliametals.com.au Regi