Seligdar · RUS:SELG
Seligdar — Investor Day (July 2021)
33 slides from Seligdar's investor day presentation, July 2021
Slide 1: Polymetallic Holding Seligdar
«Action is born as a thought» Polymetallic Holding Seligdar Investor Day on Moscow Exchange July 2021
Slide 2: Seligdar today
Seligdar today Production Growth Strong Financial Performance Investment Performance 19+ thousand shareholders, Gold Production, kg Revenue, RUB billion shares traded on Moscow 7 018 Exchange 33.3 6 561 22.1 4.5 RUB/share dividend in 2020 15.9 6 014 304% shareholder return on ordinary shares i
Slide 3: Gold Division: changes throughout the year
Gold Division: changes throughout the year PRODUCTION GROWTH PROJECTS 2020 Samolazovskiy Production Site – furnace of thermal ore treatment is in pilot operation, first gold 29 million m³ run-of-mine material, +11% y-o-y extracted in November, 2020. 7 018 kg gold produced, +7% y-o-y A two-year
Slide 4: Tin Division: changes throughout the year
Tin Division: changes throughout the year PRODUCTION GROWTH PROJECTS 2020 Copper – first 600 t of copper concentrate were shipped Production of metal-in-concentrate: in December, 2020. Copper concentrate production has 2 539 t of tin, +12% y-o-y started earlier at Solnechnaya processing plant, o
Slide 5: Corporate Events
Corporate Events SHARES AND DIVIDENDS DEBT 4.5 RUB/share – dividends on ordinary and In December 2020, Seligdar got an interest rate preferred shares in 2020 reduction from 5.8% to 4.95% on a loan nominated in gold Interim dividends for 9 months of 2020: RUB 2.55 on ordinary share and RUB 2.25
Slide 6: COVID-19
COVID-19 MEASURES TAKEN PRODUCTION PROCESS AND ADDITIONAL COSTS Health protection measures continue to be in place: Production process at production sites was not temperature control, the use of personal protective interrupted, production plans are being implemented equipment, antiseptic treatme
Slide 7: Operating Performance and Sustainable Development Strategy Implementation
Operating Performance and Sustainable Development Strategy Implementation
Slide 8: Gold Division
Gold Division Change Change 6m2021 6m2020 2020 2019 y-o-y y-o-y Run-of-mine material, million m³ 15.4 14.8 4% 29.1 26.1 11% Ore mined, million tons 9.8 5.6 75% 11.2 11.7 -4% Gold produced, kg 2 238 2 095 7% 7 018 6 561 7% Gold sold, kg 1 858 2 308 -19% 7 317 6 623 10% Gold sold recorded in IFRS cons
Slide 9: Tin Division
Tin Division Change Change 6m2021 6m2020 2020 2019 y-o-y y-o-y Ore mined, thousand tons 268 228 17% 499 459 9% Tin in concentrate produced, t 1 386 1 162 19% 2 539 2 264 12% Tungsten in concentrate produced, t 24 42 -44% 72 79 -9% Copper in concentrate produced, t 173 0 236 0 Revenue from tin, tungs
Slide 10: Strategy 2018-2024
Strategy 2018-2024 Gold Produced, t Reserve Base Expansion • Large exploration program 10.0 • Collaboration with RosGeo on junior projects 7.0 7.4 Investment Projects 6.0 6.6 4.6 •Gold Processing Plant at Khvoynoye deposit: layout design •New Processing Technologies at Samolazovskiy site: first gold
Slide 11: Reserve Base Expansion
Reserve Base Expansion Exploration program for 2019-2025 Core Drilling, km Approved program for operating deposits and nearby areas. The main 62 volume is planned in Republic of Sakha (Yakutia) +123 t of ore gold reserves increase according to the program 34 +82% In 2020, Seligdar added 9 46
Slide 12: Modernization, innovations and automation
Modernization, innovations and automation Areas of the engineering department Seligdar pursuits a coherent policy of implementation of modern work: technologies to production process. In 2020, the Company established an Implementation of new technologies, engineering department. including developm
Slide 13: Khvoynoye Investment Project
Khvoynoye Investment Project Strategic Investment Project of Gold Division Nizhne-Yakokitskoye Ore Field deposits Project Construction of Gold Processing Plant with ore processing capacity of 3 million t per year Gold Reserve and Balance reserve С1+С2* 16.8 t Resource Base as of 01.01.2021 Reserves
Slide 14: New technologies – Samolazovskiy production site
New technologies – Samolazovskiy production site Two unique technologies developed for refractory ore processing at Samolazovskoye deposit: bio-oxidation and thermal ore treatment. Thermal Ore Treatment Idea: under high temperature a crystal structure of a substance is destroyed, and the ore becom
Slide 15: Pyrkakay stockworks deposit
Pyrkakay stockworks deposit In August 2020, Rusolovo (Seligdar’s subsidiary) won the tender for subsoil use of Pyrkakay stockworks in Chukotka Autonomous Okrug. In October 2020, Seligdar established Territoriya LLC to develop the deposit Sn 243 kt, WO3 16 kt balance reserves of the deposit. Ruso
Slide 16: Social Responsibility
Social Responsibility EMPLOYEES SUPPORT HEALTH AND SAFETY 3.5 thousand employees; 59% works in Yakutia 0 fatalities at operations in 2019 and 2020 RUB 50 million allocated to employee social benefits 0.11 LTIFR in 2020, - 22% y-o-y programs in 2020 RUB 246 million health and safety costs i
Slide 17: Contributions to regions development
Contributions to regions development AGREEMENTS ON LONG-TERM COOPERATION Republic of Sakha (Yakutia) – 2018 Republic of Buryatia – 2020 Chukotka Autonomous Okrug - 2021 Support of small local communities Seligdar financed the Reindeer Herder’s Day at Khatystyr village of Aldan District; Se
Slide 18: Environmental responsibility
Environmental responsibility WATER STEWARDSHIP CARBON FOOTPRINT 94% share of recycled and reused water at 4% reduction of CO₂ emission per 1 t of ore-in- operations processing compared to 2019. 9% reduction in fresh water withdrawal per 1 t of EMISSIONS ore-in-processing compared to 2019 11%
Slide 19: Corporate governance
Corporate governance KEY CORPORATE GOVERNANCE BOARD OF DIRECTORS STRUCTURE OF CORPORATE Supervisory Bodies PRINCIPLES GOVERNANCE EXTERNAL Respect and protection of 10 members Executive Bodies GENERAL MEETING OF AUDITOR INTERNAL shareholder rights Corporate social responsibility 3 Independent
Slide 20: Financial Results
S. Cenuraa p MYBAMYHOE AKUMOHEPHOE OBLIECTBO Financial Results
Slide 21: 2020 Financial results
2020 Financial results RUB million 2020 2019 Change Revenue 33 314 22 072 51% Gold sales 27 022 18 289 48% Tin and copper concentrate sales 2 763 2 040 35% Other revenue 3 529 1 743 102% Gross profit 14 589 9 187 59% Gross margin 43.8% 41.6% 2.2 p. EBITDA 14 507 9 396 54% EBITDA margin 43.5% 42.6% 0
Slide 22: Sales and revenue
Sales and revenue Revenue breakdown, 2020 RUB 33.3 billion – Holding’s revenue in 2020, +51% y-o-y Gold sales RUB 27.0 billion – revenue from gold sales, +48% y-o-y; including growth of sales volume at 3% up to 6 340 kg Tin and copper 81% 8% and that of average sales price at 44% up to 4 262 con
Slide 23: Expenses and profitability
Expenses and profitability RUB 14.5 billion Holding’s EBITDA in 2020, +54% y-o-y EBITDA bridge RUB million 44% EBITDA margin: 46% in gold division, 16% in tin EBITDA 2019 9 396 division Revenue growth 11 242 Growth of contract works: +16% third parties services, Third parties services 862 Labo
Slide 24: Debt and leverage
Debt and leverage Debt and leverage as of 31.12.2020: Credit ratings Debt RUB 41.1 billion Agency Rating Net debt RUB 37.5 billion Net debt/EBITDA 2.6x National Credit Ratings А+ (stable) Main instrument is loan nominated in gold in the amount of 8 t. In Expert RA ruА+ (stable) December 20
Slide 25: Share capital
S. Cenuraa p MYBAMYHOE AKUMOHEPHOE OBLIECTBO Share capital
Slide 26: Share capital
Share capital Ordinary shares Preferred shares Shares in Moscow Exchange Indices: Shares outstanding 842 354 730 150 000 000 Broad Market Index (SELG и SELGP) Ticker SELG SELGP Small and Medium Capitalization Share price, RUB 44.74 44.35 Stocks Index (SELG) MCap, RUB million 37 687 6 653 Metal
Slide 27: Investment performance
Investment performance Share price performance +82% Ordinary shares price increase for the last 12 months Ordinary Shares 60 500 +71% 50 400 40 Preferred shares price increase for the last 12 months 30 300 200 20 10 100 4.5 0 0 Dividend on ordinary and preferred shares for 2020, July-20 May-20
Slide 28: About the Company
S. Cenuraa p MYBAMYHOE AKUMOHEPHOE OBLIECTBO About the Company
Slide 29: Production and financial highlights
Production and financial highlights 2012 2013 2014 2015 2016 2017 2018 2019 2020 Run-of-mine material, million m³ 7.0 6.7 8.7 10.0 13.9 17.8 21.6 26.1 29.1 Ore mined (gold), million t 2.7 3.1 2.7 3.2 5.5 6.8 11.7 11.7 11.2 Gold produced, kg 3 020 3 671 3 676 3 468 4 320 4 625 6 014 6 561 7 018 Ore m
Slide 30: Assets portfolio
Assets portfolio Operating Assets Nizhne-Yakokitskiy Podgolechny Samolazovskiy Production Ryabinovy Lunny Nirungan Production Site Production Site Site Production Site Production Site Alluvials Nizhne-Yakokitskoye Ore Field Yasnaya Polyana deposit Samolazovskoye deposit Ryabinovoye deposit Lunnoe de
Slide 31: Gold and tin reserves as of January 1, 2021
Gold and tin reserves as of January 1, 2021 Balance gold reserves С1+С2 as of 01.01.2021* Production Site Deposit Ore, kt Average grade, g/t Gold, kg Nizhne-Yakokitskiy Nizhne-Yakokitskoye Ore Field 26 658 0.85 22 756 Ryabinovy Ryabinovoye 13 297 1.28 17 074 Samolazovskiy Smolazovskoye 2 761 3.34 9
Slide 32: JORC Ore Reserves and Mineral Resources
JORC Ore Reserves and Mineral Resources Seligdar pursuits intensive work on audit of its large deposits reserves and resources in accordance with the guidelines of the JORC Code. The audit is completed by Micon International. Gold Reserves Gold Resources Measured Indicated Ore, Au, Au, Deposit Depos
Slide 33: Disclaimer
Disclaimer Information contained in this document may contain estimates and other forward-looking statements regarding intentions, plans, future events, financial, operational or other activities of Public Joint Stock Company “Seligdar” (herein referred as PJSC “Seligdar”, Seligdar, Company or Holdi