Burgundy Diamond Mines Ltd · ASX:BDM
Burgundy Diamond Mines — FY2024 Earnings Presentation
22 slides from Burgundy Diamond Mines's earnings presentation, Mar 31, 2025
Slide 1: 2024 Full Year Results Investor Presentation
31 March 2025 ASX Announcement 2024 Full Year Results Investor Presentation Calgary, Alberta – Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) has released an updated investor presentation for its full-year results conference call scheduled for the 31st March 2025 (Canada) & 1st A
Slide 2: 2024 Full Year Results
2024-FULL YEAR RESULTS 31st March 2025 Burgundy Diamond Mines Limited ASX: BDM BURGUNDYDIAMONDS.COM A reliable producer of ethically sourced premium diamonds to the global luxury market
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This Presentation is given on behalf of Burgundy Diamond Mines Limited (ASX: BDM) (ABN 33 160 017 390) (Burgundy or Company). By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer
Slide 4: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Financial information Certain financial data included in this Presentation is 'non IFRS financial information’ and "non-GAAP" financial measures under Regulation G of the U.S. Securities Exchange Act of 1934, as amended. These measures are used internally by managemen
Slide 5: Presenters
PRESENTERS 2024 full year results Pooya Mohseni Vice President Technical Brad Baylis Chief Financial Officer Ekati wildlife 4
Slide 6: Overview
OVERVIEW 01 Operational and financial performance 02 Growth 03 2024 achievements 04 2025 outlook 5 Ekati mining truck 5
Slide 7: Full year-2024 Operational and financial performance
Full year-2024 01 Operational and financial performance
Slide 8: Operational Highlights
OPERATIONAL HIGHLIGHTS Full year-2024 Ore mined (Mwmt) Waste mined (Mwmt) Lower ore mined, due to mining operations transitioning from 8.00 Sable to Point Lake open pit Carats recovered lower than the prior corresponding period 6.00 due to lower grade ore blend (plant feed supplemented with lowe
Slide 9: Sales and Financial Highlights
SALES AND FINANCIAL HIGHLIGHTS Full year-2024 4.9M carats sold up 3% vs 2023 due to acceleration of Carats sold (Mcts) Revenue/ct sold (US$) sales pipeline 151 1.50 133 Revenue per carat of $92 down vs 2023 due to processing 109 116 of lower grade ore due to transition from Sable to Point 103 1.
Slide 10: Balance Sheet Position
BALANCE SHEET POSITION Disciplined cash management Time 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 31-Dec-24 Priorities: Property, plant, 277 205 239 224 232 264 136* equipment (US$M) 1. 1 Funding cash-accretive mine life optimisation and Other non-current extension projects 49 70 7
Slide 11: Cash Change Details
CASH CHANGE DETAILS December 31, 2023 to December 31, 2024 (US$M) Cash and cash equivalent balance of US$25.1M The major cash movements included: Three environmental bond payments totalling US$24.5M & Taxes & Royalties of US$34.3M US$98.5M capital expenditures, including ~US$61M for Point La
Slide 12: Growth
@) 2 Growth
Slide 13: Misery Underground Mine
MISERY UNDERGROUND MINE Active drilling targeting significant mine life extension Update on activities: Mining activities are at 2000, and 1975 levels (2024-Q4) Encouraging results from completed drilling programs to date (drilling mainly to 1875 level) Misery Southwest extension (SWE) drillin
Slide 14: Misery Underground Mine
MISERY UNDERGROUND MINE Active drilling targeting significant mine life extension Update on activities: Encouraging results from completed drilling programs the size of the pipe and ore grade remain consistent with MUG to date Kimberlite (blue) drilled on the east side of the pipe is different f
Slide 15: Point Lake Open Pit Mine
POINT LAKE OPEN PIT MINE Ekati’s next mine in 2025 Update on activities: Significant progress with overburden (mud/till) mining from lake bottom; pit lake dewatering complete Commercial production and bulk sample from the main kimberlite expected to be achieved in May- 2025 Heavy focus/gains o
Slide 16: 2024 achievements
03 2024 achievements 15
Slide 17: 2024 Review
2024 REVIEW Strides towards executing Company strategy Cost transformation well underway – reduced the size of workforce by 20% Successful transition from Sable to Point Lake open pit Convertible Notes of US$23M repaid Renegotiated environmental bond payment schedule enabling the Company to
Slide 18: 2025 outlook
04 2025 outlook
Slide 19: 2025 Catalysts
2025 CATALYSTS Positive year ahead Market: Global rough diamond supply dipped below 105 Mcts in 2024 for first time since 19951. Medium to long term thesis for strong diamond prices is maintained Early Indications show market sentiment improvement with like for like price improvement of ~8 to 10
Slide 20: Ensuring Liquidity Stays Robust
ENSURING LIQUIDITY STAYS ROBUST Improving Burgundy’s cash position Several initiatives focussed on cash management and working capital management Double the royalty valuations (from 10-20) to smooth revenue from increased number of sales and to further shorten the diamond inventory pipeline Fu
Slide 21: ASX: BDM
ASX: BDM ABN: 33 160 017 390 www.burgundydiamonds.com Investor enquiries investor@burgundydiamonds.com Media enquiries communications@burgundydiamonds.com 20
Slide 22: Mineral Resource and Ore Reserve – Burgundy Diamond Mines
MINERAL RESOURCE AND ORE RESERVE – BURGUNDY DIAMOND MINES As of 31st December 2023 Kimberlite pipes Measured Resources Indicated Resources Inferred Resources Pipe Name Type Mt Ct/t Mcts Mt Ct/t Mcts Mt Ct/t Mcts Sable OP - - - 7.1 0.9 6.8 0.3 1.0 0.3 Point Lake OP - - - 31.7 0.8 24.0 9.6 0.8 7.3 Pho
Burgundy Diamond Mines — FY2024 Earnings Presentation on 6ix