Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q1 2021 Earnings Presentation
12 slides from Royal Gold's earnings presentation, Nov 5, 2020
Slide 1: Fiscal Q1 2021 Results
Fiscal Q1 2021 Results November 5, 2020
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 futu
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 Q1 2021 RESULTS | NOVEMBER 5, 2020 3
Slide 4: Q1 2021 Overview
Q1 2021 Overview • Highlights • Record revenue of $146.9M • Volume of 76,900 GEOs1 • $106.9M net income, or $1.63/share • $0.82/share, adjusted to exclude2: • $0.52/share gain on sale of Peak Gold interests • $0.04/share gain on equity securities • $0.37/share for discrete tax benefits • ($0.12)/sha
Slide 5: Recent Developments
Recent Developments • Khoemacau progress3 • Construction continues to advance • Overall progress ~70% • Capital committed ~87% • $32.5M contribution to silver stream made October 5 • $179.3M total contribution to date • Remaining commitment of $32.7M to $85.7M First ore delivered to surface - August
Slide 6: Recent Developments
Recent Developments • Khoemacau progress3 ROYAL GOLD, INC. | FISCAL Q1 2021 RESULTS | NOVEMBER 5, 2020 6
Slide 7: Recent Developments
Recent Developments • Khoemacau progress3 Jameson cells civils and pipe work Surge tank platform installation Khoemacau bay at BPC substation ROYAL GOLD, INC. | FISCAL Q1 2021 RESULTS | NOVEMBER 5, 2020 7
Slide 8: Recent Developments
Recent Developments • Wassa as reported by the operator4 • Wassa is now the sole focus of Golden Star • Mining rate continues to increase • 4,960 t/d average in FQ1 • Capital projects to be commissioned FQ2; intended to further increase production rates • Paste fill plant • Electrical upgrade and Ge
Slide 9: Fiscal Q1 Financial Results
Fiscal Q1 Financial Results • $146.9M revenue • $106.9M net income, or $1.63/share • $0.82/share, adjusted to exclude2: • $0.52/share gain on sale of Peak Gold interests • $0.04/share gain on equity securities • $0.37/share for discrete tax benefits • ($0.12)/share tax effect of the above adjustment
Slide 10: Fiscal Q1 Liquidity
Fiscal Q1 Liquidity • ~$1.1B of liquidity available at September 30, 2020 • Additional $75M repaid on revolving credit facility on October 2, 2020 after receipt of Peak Gold Project sale proceeds September 30, 2020 Amount (US$ M) Undrawn revolving credit facility 725 Working capital 414 Total availa
Slide 11: Endnotes
Endnotes 1. Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by reportable segment) for a period divided by the average gold price for that same period. DD&A per GEO is calculated as reported depreciation, depletion and amortization for a period divided by GEOs for tha
Slide 12: Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com