Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — 2Q FY2023 Earnings Presentation
17 slides from Fortress Minerals's earnings presentation
Slide 1: Fortress Minerals Limited Results Presentation 2Q FY2023
Fortress Minerals Limited Results Presentation 2Q FY2023 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Fortress Overview
01 Fortress Overview
Slide 4: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 400 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore H
Slide 5: Corporate achievements
AWARDED BUKIT BESI MINING RIGHT Corporate achievements • 13 years long-life mining rights expiring in the year 2033 • Two mining leases covered area of 526.2 ha FY2023 FY2016 COMPLETION OF JORC DRILLING CAMPAIGN • Completed JORC drilling campaign on East, Valley & West Deposits • Construction of maj
Slide 6: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 7: Our strategic assets
02 Our strategic assets Mining project overview
Slide 8: At a glance: Mining assets of Fortress Minerals
At a glance: Mining assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases by two subsidiar
Slide 9: Bukit Besi Mine Strategic location supported by good Infrastructure
Bukit Besi Mine Strategic location supported by good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman Por
Slide 10: Bukit Besi Mineral Resource
Bukit Besi Mineral Resource A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * WAG ^ 45.90% 45.34% 42.31% 43.25% 41.7% Fe Fe Fe Fe Fe 7.18 In million tonnes 6.18 0.96 5.77 5.41 5.41 1.18 0.77 0.58 1.13 Bukit Besi’s 3.61 Operation 2.24 1.36 Site 3.58 3.57 East (Inferred) Va
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Bk Besi 526.2ha Magnetite iron ore 14.77 Million Tonnes – Sri Jaya 172 km 10.72 (Inferr
Slide 12: Financial Results
03 Financial Results
Slide 13: Financial results for 1H FY2023
Financial results for 1H FY2023 Firm operational performance supported by increased production Financial Revenue Margin Earnings performance US$ 30.1 Million 71.3% US$ 15.0 Million Gross Revenue 10.4%^ Gross Profit Margin 9.5ppt^ Underlying EBITDA 4.0%^ Balance sheet Operating cash flow Liquidity NA
Slide 14: Financial highlights
Financial highlights , US$ million Revenue Strategic growth efforts to support strong operating revenue 45.0 40.0 69.4% 43.4 Financial metrics 1H 1H 1H Full Year 35.0 +10.4% of FY22 30.0 + 35.8% US$’ million FY2021 FY2022 FY2023 2022 25.0 30.1 20.0 27.3 15.0 10.0 20.1 Revenue 5.0 20.1 27.3 30.1 43.4
Slide 15: Resilient gross profit margin
Resilient gross profit margin Driven by low unit cost and good throughput productivity GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 50.0 75.3% 80.8% 100.0% 71.3% 95.0% 90.0% 85.0% 80.0% 75.0% 70.0% 65.0% 60.0% Higher 55.0% 40.0 50.0% 45.0% 40.0% 35.0% 30.0% 25.0% inflati
Slide 16: Financial performance A quick glance
Financial performance A quick glance 16
Slide 17: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 77 Robinson Road #06-03, Robinson 77 Singapore 068896 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 5