Slide 1: Pathway to Cashflow
ASX: DVP PATHWAY TO CASHFLOW • ENERGY TRANSITION METALS OWNERSHIP • UNDERGROUND MINING SERVICES COMPANY PRESENTATION – MAY 2024
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER The information contained in this document (“Presentation”) has been prepared by DEVELOP Global Limited (“Company”). This Presentation is being used as a presenter’s aid with summarised information. See DEVELOP’s other and periodic disclosure announcements lodged
Slide 3: Develop will utilise the power of people to produce clean metals
DEVELOP WILL UTILISE THE POWER OF PEOPLE TO PRODUCE CLEAN METALS AND HELP DECARBONISE THE WORLD.
Slide 4: Develop 5-Year Business Plan
DEVELOP 5-YEAR BUSINESS PLAN WHAT’S BEEN ACHIEVED IN 18 MONTHS HYBRID BUSINESS MODEL: MINE OWNERSHIP AND MINING SERVICES BUSINESS UNITS Build world-class Be one of the most Produce some of Aim for annual Mining Services underground socially responsible the world’s metal output of in capability to op
Slide 5: Our flagship asset is our people
OUR FLAGSHIP ASSET: IS OUR PEOPLE • The mines of the future will be underground • Demand for underground skills is soaring • Develop’s Executives have one of the largest networks of underground personnel in the Australian industry • Develop has built its world class underground capability • We have
Slide 6: Company Assets
DEVELOP COMPANY ASSETS ALL BUSINESS UNITS ARE LOCATED IN AUSTRALIA Woodlawn Cu/Zn Pioneer Dome - Li Sulphur Springs Zn/Cu Mining Services Project revenue – A$2.6b Project revenue – A$2.2b Project revenue – A$2.9b Bellevue Gold - A$400m contract Free cashflow – A$1b Free cashflow – A$666m Free cashfl
Slide 7: Company Assets: Progress in Last Months
DEVELOP COMPANY ASSETS PROGRESS IN LAST 24 MONTHS Woodlawn Cu/Zn Pioneer Dome - Li Sulphur Springs Zn/Cu Mining Services Substantial de-risking and growth Acquired the project from Essential ~A$15m invested in drilling and Created this business from no of project, ~A$60m invested shareholders for 43
Slide 8: Project Level Pre-Tax Cashflow
PATHWAY TO CASHFLOW PROJECT LEVEL PRE-TAX CASHFLOW $600 20 CAPEX Requirements $500 20 21 21 • Woodlawn - $42m (assumed start date of CAPEX spend Aug 2024) 19 19 173 $400 198 • Pioneer Dome - $285m (assumed 165 start date of CAPEX spend Jan 2025) #039;m $300 • Sulphur Springs - $296m (assumed 19 168 sta
Slide 9: Funding and Balance Sheet
WORLD-CLASS UNDERGROUND CAPABILITY FUNDING AND BALANCE SHEET • Strong cash position as at 31 March 2024 of A$37m • A further ~$22m, from in the money options, will be raised in June 2024 (~$11.5m) and June 2025 (~$10.5m) • Equipment finance debt of A$38m at 31 March, which is covered by our three mi
Slide 10: Funding Experience
FUNDING EXPERIENCE DEVELOP’S TEAM HAS EXTENSIVE EXPERIENCE IN EQUITY/DEBT MARKETS Equity Finance Debt Finance Shareholder Activities Activities Value Creation A$1.50BN A$1.50BN A$12BN Equity Raised from Debt finance Equity Value Created Capital Markets by Banks STRONG ENVIRONMENTAL, SOCIAL, EXCEPTIO
Slide 11: Value creation in just two years
VALUE CREATION IN JUST TWO YEARS.. ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (31 MARCH 24) VALUE DVP A$ 2.35 A$570M A$37M 243m shares on issue No Corporate Debt A$ 533M • Woodlawn Copper and Zinc Mine • Pioneer Dome Lithium • Sulphur Springs Zinc and Copper Project • A$450M Un