Central Asia Metals Plc · LSE:CAML
Central Asia Metals — Shareholder Meeting (May 2017)
17 slides from Central Asia Metals's shareholder meeting presentation, May 31, 2017
Slide 1: Central Asia Metals AGM Presentation
CENTRAL ASIA METALS AGM PRESENTATION NICK CLARKE, CHAIRMAN 31 MAY 2017
Slide 2: Disclaimer
DISCLAIMER The information contained in this confidential document (“Presentation”) has been prepared by Central Asia Metals plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This Presentation has not been approved by an authoris
Slide 3: 2016 Results and Update
2016 RESULTS AND UPDATE 2016 record copper Proposed 2016 final dividend 10p (+25% YoY) production Total dividends for 2016 15.5p (+24% YoY) 14,020t 2015: 12,071t Record copper production 14,020t (+16% YoY) C1 cash cost Gross revenue $69.3m (+3% YoY) C1 cash cost $0.43/lb (-28% YoY) $0.43/lb 2015: $0
Slide 4: Our Achievements
CENTRAL ASIA METALS OUR ACHIEVEMENTS oe
Slide 5: Share Price Performance
SHARE PRICE PERFORMANCE 300 12,000 300 250 10,000 250 200 8,000 200 LME Copper (US$/t) Share price (p) Share price (p) 150 6,000 150 100 4,000 100 50 2,000 50 0 0 0 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13 Sep 13 Mar 14 Sep 14 Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Ma
Slide 6: Returns to Shareholders
RETURNS TO SHAREHOLDERS $96M RETURNED TO SHAREHOLDERS* REPRESENTS 31% OF CUMULATIVE GROSS REVENUE $14M 2016 FINAL DIVIDEND TO BE PAID ON 7 JUNE 2017 100 90 80 70 60 $m 50 40 30 20 10 0 2012 2013 2014 2015 2016 Cumulative shareholder returns * Includes 2016 proposed final dividend 6
Slide 7: Production Update and Outlook
PRODUCTION UPDATE AND OUTLOOK 4.5 70 2016 COPPER PRODUCTION AND SALES 4.0 Quarterly copper production (kt) Cumulative copper production (kt) 60 3.5 Record annual copper production, 14,020t (+16% YoY) 50 3.0 2.5 40 2016 copper cathode sales, 13,938t (+16% YoY) 2.0 30 1.5 2017 OUTLOOK 20 1.0 10 Q1 201
Slide 8: April 2017, Leaching from Western Dumps
APRIL 2017, LEACHING FROM WESTERN DUMPS Future leaching operations at both Eastern and Western Dumps Total Western Dumps area of 741 hectares Different leaching characteristics in Western Dumps – Average leaching time 20 months vs. 8 months (East) – Dump height 40m vs. 20m (East) Copper recovery 35-
Slide 9: Kounrad Capex
KOUNRAD CAPEX CAML HAS CONSISTENTLY DELIVERED ITS CAPITAL PROJECTS BELOW BUDGET ALL MAJOR CAPITAL AT KOUNRAD NOW INVESTED 90 80 70 60 Capex $m 50 40 30 20 10 0 Initial plant Stage 1 Expansion Stage 2 Expansion Total Estimated annual construction sustaining Sustaining actual Project actual Project bu
Slide 10: 2016 Cost of Copper Production
2016 COST OF COPPER PRODUCTION $0.06/lb Local administrative 2016 2015 % expenses $/lb $/lb change $0.28/lb Cost of production C1 cash cost 0.43 0.60 -28% $0.09/lb Distribution and selling MET & other taxes 0.14 0.19 -26% $0.16/lb Depreciation and amortisation Depreciation 0.16 0.39 -59% Impairment
Slide 11: Kounrad Financial Performance to Date
KOUNRAD FINANCIAL PERFORMANCE TO DATE Total 2016 2015 2014 2013 2012 56 months 12 months 12 months 12 months 12 months 8 months Sales, Cu tonnes 54,213 13,938 12,040 11,163 10,689 6,383 Production, Cu tonnes 54,322 14,020 12,071 11,136 10,509 6,586 Average sale price, $/t 6,447 4,994 5,336 6,794 7,1
Slide 12: Our Future
CENTRAL ASIA METALS OUR FUTURE we
Slide 13: Business Development Review
BUSINESS DEVELOPMENT REVIEW Over 130 opportunities reviewed in the past three years 2016 business development review CAML team has strong technical experience to review 35 opportunities 30 Seeking to grow the company through value accretive 25 transactions in base metals and to enhance CAML’s 20 Num
Slide 14: Shuak, Kazakhstan (CAML 80%)
SHUAK, KAZAKHSTAN (CAML 80%) Framework agreement signed in November 2016 Licence area 197km2 Shuak extensively explored in Soviet times Contains three near term targets, with the priority area being Mongol V – Pre-GKZ resource, c. 327,000 tonnes of contained copper at 0.66% Cu in C2 and P1 categorie
Slide 15: Copper Bay, Chile (CAML 75%)
COPPER BAY, CHILE (CAML 75%) DFS COMPLETED Q4 2016 Site of historic tailings disposal, Atacama region of Northern Chile Exploitation licence 15.25km2 DFS utilises beach dredging operation to recover copper tailings, SX-EW plant to produce cathode and flotation circuit to produce copper in concentrat
Slide 16: Outlook
OUTLOOK PROFITABLE BUSINESS 2016 record production EBITDA margins >50% 14,020t C1 cost in lowest quartile STRONG BALANCE SHEET Cash at 31 Dec 2016 Cash $40.4m at 31 December 2016 No debt $40.4m HEALTHY CASHFLOWS Maintain dividend policy 2016 C1 cash cost Expansions completed, life of operation exten
Slide 17: Contacts
CONTACTS INVESTOR RELATIONS CONTACT Louise Wrathall 11 Albemarle Street London W1S 4HH louise.wrathall@centralasiametals.com +44 (0) 207 898 9001 17