Empress Royalty Corp · TSXV:EMPR
Empress Royalty — Investor Presentation (August 2024)
20 slides from Empress Royalty's investor presentation, August 2024
Slide 1: Corporate Presentation August 2024
TSXV | EMPR OTCQX | EMPYF S T R AT E G I C A P P R O A C H T O I N V E S T I N G I N G O L D & S I L V E R CORPORATE PRESENTATION AUGUST 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS CAUTIONARY NOTE This Presentation contains or incorporates by reference "forward-looking statements" or "forward-looking statements are subject to a variety of risks, uncertainties and other factors which could cause actual events information" within the meaning of applica
Slide 3: Exponential Growth Potential
EXPONENTIAL GROWTH POTENTIAL Consistently Doubling Annual Revenue STRUCTURED TO CREATE VALUE Trading at ~50% of NAV Actively Scaling Global Gold & Silver Portfolio Unrivalled Expertise in Mining Finance EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 03
Slide 4: Outperforming Gold
OUTPERFORMING GOLD THE POWER OF ROYALTY & STREAM INVESTMENTS SUPERIOR RETURNS TO GOLD & MINERS ETF *Royalty Index: average of Wheaton Precious Metals, Royal Gold, Franco Nevada & Sandstorm Gold. Source: S&P Global Capital IQ EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 04
Slide 5: Maximizing Returns
MAXIMIZING RETURNS ROYALTIES LEVERAGE THE STRENGTHS OF MINING HIGHER GAINS, LOWER RISK Royalty: Empress receives a % of revenue from production Stream: Empress can buy a % of the metal produced at a steeply discounted price Benefits to Empress Royalty Shareholders Pure Gold & Silver Hedge Against Re
Slide 6: Our Competitive Edge
OUR COMPETITIVE EDGE ROYALTY CREATION TO MAXIMIZE RETURNS BENEFITS OF CREATING ROYALTIES & STREAMS, NOT ACQUIRING Bespoke investments – we create Investing solely in producing or near customized agreements that generate production mines to quickly generate high returns revenue Highly structured fina
Slide 7: Precision in Investing
PRECISION IN INVESTING Project Stage Producing or near production OUR GUIDING PRINCIPLES Commodity Exclusively gold and silver Location Global reach Investment Size Up to US$25M ESG Sustainability focused EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 07
Slide 8: Revenue on the Rise
REVENUE ON THE RISE BOOSTED BY SURGING GOLD & SILVER PRICES $20 Potential Revenue Increase From Higher Commodity Prices US$ Millions $18 $16 $14 $12 $10 $8 $6 $4 $2 $- 2021 2022 2023* 2024 2025 2026 2027 Projected revenue calculated using management estimates on the four key assets GOLD PRICE SILVER
Slide 9: Our Portfolio
OUR PORTFOLIO KEY REVENUE GENERATING INVESTMENTS Sierra Antapite Tahuehueto Manica Galaxy Gold Stream Silver Stream Gold Royalty Gold Stream EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 09
Slide 10: Sierra Antapite
SIERRA ANTAPITE G O L D S T R E A M Underground Gold Mine Expanding Production In Peru. Owned By Sierra Sun Group (Private). 4.5% 11K oz 20% Gold stream then 1% LOM of spot price paid 2,072 US$3.9M US$17M GEO annually* Annual cashflow* Net Asset Value* Note: Management case assumption of US$1,900/oz
Slide 11: Tahuehueto
TAHUEHUETO S I LVE R S T R E A M Underground Gold Mine Ramping Up Production In Mexico. Owned By Luca Mining (TSXV: LUCA). 100% 1.25M oz 20% Silver Stream then 20% for 10yr of spot price paid 2,471 US$4.7M US$20M GEO annually* Annual cashflow* Net Asset Value* Note: Management case assumption of US$
Slide 12: Manica
MANICA G O L D R OYA LT Y Open Pit Gold Mine Operating In Mozambique. Owned By MMP (Private). 3.375% 95K oz LOM Gold royalty then 1.125% Gold royalty 509 US$1M US$5M GEO annually* Annual cashflow* Net Asset Value* Note: Management case assumption of US$1,900/oz gold & US$22/oz silver. * The above fo
Slide 13: Galaxy
GALAXY G O L D S T R E A M Underground Gold Mine Expanding Production In South Africa. Owned By Golconda Gold (TSXV: GG). 3.5% 8K oz 20% then 2% up to 20K Gold Stream Of spot price paid oz or 20 years 929 US$1.7M US$11M GEO annually* Annual cashflow* Net Asset Value* Note: Management case assumption
Slide 14: Fueling Growth
FUELING GROWTH Consistent flow of new INCREASING PORTFOLIO investment opportunities DIVERSITY Evaluating over US$50M in potential investments Focusing on producing or near producing mines to quickly increase revenue OBJECTIVE OF DOUBLING PORTFOLIO OVER NEXT THREE YEARS EMPRESS ROYALTY | TSXV:EMPR |
Slide 15: Strong Team
STRONG TEAM OVER US$8B IN MINING FINANCE TRANSACTIONS Management Board of Directors & Advisors Alexandra Woodyer Nora Pincus Xavier Wenzel David Rhodes Alexandra Woodyer Jeremy Bond David Laing Sherron VP Corporate Chief Financial Executive Chair Sherron Director Technical Advisor CEO & President De
Slide 16: Empowered by Partnership
EMPOWERED BY PARTNERSHIP HARNESSING TOP-TIER RESOURCES & EXPERTISE Strategic Partnership with Endeavour Financial Propels Growth ENDEAVOUR FINANCIAL • Providing consistent deal flow to drive the growth of Empress’ portfolio US$740M US$1.3B Royalty & Stream JV & Strategic Finance Investments • Except
Slide 17: Capital Structure
CAPITAL STRUCTURE POSITIONED FOR STABILITY & STRATEGIC EXPANSION KEY SHAREHOLDERS BALANCE SHEET as at March 31, 2024 Rick Rule Terra Capital Brien Lundin Endeavour Financial Treasury** US$1.1M Stefan Gleason Sprott Asset Management Debt*** US$7.7M US Global Investors Debt Available US$20M BOARD & MA
Slide 18: Uncovering Hidden Value
UNCOVERING HIDDEN VALUE TRADING SIGNIFICANTLY BELOW INDUSTRY AVERAGES PRICE / NET ASSET VALUE¹ PRICE / CASH FLOW (2024E)¹ Trading at a Trading at a 50% discount 73% discount Industry Average = 0.86x Industry Average = 23.29x 0.46x 0.48x 5.81x 6.21x o m x PM la t n lty a ra e) a e) l PM o lty e) e) t
Slide 19: Value Proposition
VALUE PROPOSITION WHY INVEST? Substantially Undervalued US$54M* US$60M** Growing Revenue & NET ASSET VALUE PROJECTED REVENUE Expanding Portfolio The Only Pure Precious US$30M Metals Royalty Play MARKET CAPITALIZATION *NAV calculated using Management Price Case with a 5% discount rate including Sierr
Slide 20: Contact Us
CONTACT US Vancouver, Canada empressroyalty.com +1.604.331.2080 @empressroyaltycorp info@empressroyalty.com EmpressRoyaltyCorp Alexandra Woodyer Natasha Frakes Sherron Vice President Chief Executive Officer Investor Relations Minimal X 20 EMPRESS ROYALTY | TSXV:EMPR | OTCQX:EMPYF 20
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