Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Shareholder Meeting (November 2023)
35 slides from Sandfire Resources's shareholder meeting presentation, Nov 29, 2023
Slide 1: 2023 Annual General Meeting
For personal use only 2023 Annual General Meeting 29 November 2023
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire Key assumptions current at the date of this presentation. The presentation is in summary form, has not been independently verified and
Slide 3: Acknowledgement of Country
Acknowledgement of Country For personal use only Sandfire acknowledges the Traditional Custodians of the land on which we meet today, the Whadjuk People of the Nyoongar nation. We pay our respects to their Elders past, present and emerging. We acknowledge the Indigenous, Traditional and Tribal Peopl
Slide 4: Chair's Address
John Richards Chair’s Address For personal use only Sandfire Annual General Meeting | 4
Slide 5: Board
Board For personal use only John Richards Chair Robert Edwards Brendan Harris Paul Harvey Sally Langer Sally Martin Jenn Morris Independent Chief Executive Independent Independent Independent Independent Non-Executive Officer and Non-Executive Non-Executive Non-Executive Non-Executive Director Manag
Slide 6: Delivering safe, consistent and predictable performance
Delivering safe, consistent and predictable performance FY23 For personal use only TRIF Employees Wages and Salaries TRIF 1.6 1,334 $99.3M Underlying Revenue Production Underlying EBITDA $797M 132kt CuEq1 $259M 1. FY23 Copper Equivalent (CuEq) is calculated based on JUN22 average market price in USD
Slide 7: Chief Executive Officer
Brendan Harris Chief Executive Officer For personal use only Sandfire Annual General Meeting | 7
Slide 8: Our Values, Purpose and Strategic Pillars
Our Values Our Purpose We mine copper sustainably to energise the future For personal use only Honesty Our Strategic Pillars Accountability Deliver safe, consistent Reduce our Increase Demonstrate and predictable carbon intensity our reserves capital discipline performance Respect Our ESG framework
Slide 9: Executive leadership team
Executive leadership team For personal use only Brendan Harris Chief Executive Officer Cath Bozanich Scott Browne Jason Grace Richard Holmes Megan Jansen Victoria Twiss Chief Chief Chief Chief Chief Chief Sustainability People Operating Development Financial Legal Officer Officer Officer Officer Off
Slide 10: A safe business is a productive business
A safe business is a productive business Group TRIF For personal use only 1.6 58% reduction Principal Hazard Program Focus on fatality risks Don’t Walk Past Living our ‘Don’t Walk Past’ philosophy Sandfire Annual General Meeting | 10
Slide 11: Our ESG framework
Our ESG framework Permeates everything we do and every decision we make Board For personal use only >40% Female Executive >40% Female Environmental incidents 0 Reportable environmental incidents Biodiversity target Net gain in biodiversity values Sandfire Annual General Meeting | 11
Slide 12: Reducing our carbon emissions
Reducing our carbon emissions Our pathway to Net Zero For personal use only Key Sustainable energy efficiency Renewable Electricity HV, LV, Mine Fleet Electrification Alternate fuels & technology Offsets Key assumptions: MATSA PPA remains in place. Motheo solar regulatory approval. Extension of mine
Slide 13: FY23 Financial Results
Group metal production by value FY23 Financial Results 21% Underlying Group sales revenue For personal use only $797M 70% Underlying Group EBITDA Copper Zinc Lead Gold Silver $259M (US$)2 MATSA DEGRUSSA FY23 Underlying earnings / (loss) Underlying Sales revenue $558M $239M $797M Underlying Operation
Slide 14: Motheo Operations
Motheo Operations Motheo represents the foundation for Sandfire’s long-term growth For personal use only plans in Botswana. A1 TRIF Mining Method 0.7 46% improvement Open pit mine year on year Product Processing 3.2Mtpa growing Copper concentrate to 5.2Mtpa Map Key Operating Care and Maintenance Ten
Slide 15: MATSA Operations
MATSA Operations Huelva Province of southwestern Spain, within the highly prospective Iberian Pyrite Belt. For personal use only TRIF Mining Method 2.6 Three underground 10.3% improvement mines year on year Product Processing Method Copper, Zinc, Lead, 4.7Mtpa capacity Silver Map Key Operating Care
Slide 16: Increasing our reserves
Increasing our reserves Motheo Kalahari Copper Belt, Botswana For personal use only A1 resource drilling Maiden resource targeted for Q3 FY24 A4 resource drilling Open extent of orebody to be defined MATSA Iberian Pyrite Belt, Spain Mineralisation: • Identified extensive mineralisation at San Pedro
Slide 17: DeGrussa
DeGrussa 900km north-east of Perth in Western Australia For personal use only Completion of Mining and Processing Mining complete Final stopes extracted and processed October 2022 Closure and rehabilitation Discrete asset sales process to deliver superior outcome for shareholders and partially fund
Slide 18: FY24 outlook
FY24 outlook For personal use only Empower our people Deliver safe, Reduce our Increase Demonstrate and define clear lines consistent and carbon intensity our reserves capital discipline of accountability predictable performance Foster a shared Continue to improve Finalise contract for Increase rese
Slide 19: Formal Business of the Meeting
John Richards Formal Business of the Meeting For personal use only Sandfire Annual General Meeting | 19
Slide 20: Financial Report
Financial Report For personal use only To receive and consider the financial report of the Company for the year ended 30 June 2023, together with the Directors’ Report and the Auditor's Report as set out in the Annual Report. Further Information Shareholders should consider these documents and raise
Slide 21: Non Binding Resolution to adopt Remuneration Report
Resolution 1 Non Binding Resolution to adopt Remuneration Report For personal use only To consider and, if thought fit, pass the following Resolution as a non-binding resolution: That the Remuneration Report for the year ended 30 June 2023 as set out in the Company’s 2023 Annual Report be adopted. N
Slide 22: Remuneration Report Proxy Results
Resolution 1 Non Binding Resolution to adopt Remuneration Report For personal use only To consider and, if thought fit, pass the following resolution as a non-binding resolution: That the Remuneration Report for the year ended 30 June 2023 as set out in the Company’s 2023 Annual Report be adopted. P
Slide 23: Election of Mr Paul Harvey as a Director
Resolution 2 Election of Mr Paul Harvey as a Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Mr Paul Harvey, who ceases to hold office in accordance with clause 6.1(e) of the Company’s Constitution and Listing Rule 14.4
Slide 24: Election of Mr Paul Harvey Proxy Results
Resolution 2 Election of Mr Paul Harvey as a Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Mr Paul Harvey, who ceases to hold office in accordance with clause 6.1(e) of the Company’s Constitution and Listing Rule 14.4
Slide 25: Re-election of Ms Jennifer Morris OAM as a Director
Resolution 3 Re-election of Ms Jennifer Morris OAM as a Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Ms Jennifer Morris OAM, who retires in accordance with clause 6.1(f)(i) of the Constitution and, being eligible for
Slide 26: Re-election of Ms Jennifer Morris Proxy Results
Resolution 3 Re-election of Ms Jennifer Morris OAM as a Director For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: That Ms Jennifer Morris OAM, who retires in accordance with clause 6.1(f)(i) of the Constitution and, being eligible for
Slide 27: Grant of FY2024 LTI Rights to Mr Brendan Harris
Resolution 4 Grant of FY2024 LTI Rights to Mr Brendan Harris (or his nominee(s)) For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, for the purposes of Listing Rule 10.14 and for all other purposes, the Directors are authorised to
Slide 28: FY2024 LTI Rights Proxy Results
Resolution 4 Grant of FY2024 LTI Rights to Mr Brendan Harris (or his nominee(s)) For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: That, for the purposes of Listing Rule 10.14 and for all other purposes, the Directors are authorised to
Slide 29: Approval of Equity Incentive Plan
Resolution 5 Approval of Equity Incentive Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, pursuant to and in accordance with Listing Rule 7.2, Exception 13(b) and for all other purposes, Shareholders approve any issue of u
Slide 30: Equity Incentive Plan Proxy Results
Resolution 5 Approval of Equity Incentive Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That, pursuant to and in accordance with Listing Rule 7.2, Exception 13(b) and for all other purposes, Shareholders approve any issue of u
Slide 31: Proposed amendments to Existing Awards
Resolution 6 Proposed amendments to Existing Awards to reflect the Equity Incentive Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purposes of ASX Listing Rule 6.23.4 and for all other purposes, Shareholders approv
Slide 32: Amendments to Existing Awards Proxy Results
Resolution 6 Proposed amendments to Existing Awards to reflect the Equity Incentive Plan For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purposes of ASX Listing Rule 6.23.4 and for all other purposes, Shareholders approv
Slide 33: Approval of leaving entitlements
Resolution 7 Approval of leaving entitlements For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That for the purposes of Part 2D.2 of the Corporations Act, and for all other purposes, approval be given for the giving of benefits to any
Slide 34: Leaving entitlements Proxy Results
Resolution 7 Approval of leaving entitlements For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: That for the purposes of Part 2D.2 of the Corporations Act, and for all other purposes, approval be given for the giving of benefits to any
Slide 35: Contact Details
For personal use only Contact Details +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Corporate Head Office Level 2, 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia
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