Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — CIBC 20th Annual Whistler Institutional Investor Conference (January 2017)
15 slides from Royal Gold's conference presentation, Jan 25, 2017
Slide 1: CIBC 20th Annual Whistler Institutional Investor Conference
CIBC 20th Annual Whistler Institutional Investor Conference Tony Jensen, President and CEO January 25, 2017
Slide 2: Cautionary Statement
Cautionary Statement 2 This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ
Slide 3: A Simpler and Lower Risk Precious Metals Investment
A Simpler and Lower Risk Precious Metals Investment 3 With just 21 employees and a scalable business model, our margins are significantly higher than the Margin senior gold producers and the S&P 5002. Gross 1 79% We estimate 8% GEO3 volume growth between FY2016 and FY2019 with new Growth business al
Slide 4: Our Margins Outperform the Industry & S&P 500
Our Margins Outperform the Industry & S&P 500 4 Our margin1 exceeds the gold senior producer average2 and outperforms the S&P 500 79% 40% 32% Royal Senior Gold S&P 500 Gold Producer Average Average 2016 Gross Margin NASDAQ: RGLD 1 Gross Margin is calculated as revenue less cost of goods sold as a pe
Slide 5: Forecast Net Gold Equivalent Ounces (GEOs)
Volume Growth Already Bought & Paid For 5 8% CAGR estimated between FY16 and FY19, thanks to new contributions from Rainy River and Crossroads Forecast Net Gold Equivalent Ounces(GEOs)1 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 F
Slide 6: Volume Growth Already Bought & Paid For: Rainy River
Volume Growth Already Bought & Paid For 6 Rainy River will contribute incremental stream volume, with production estimated to begin in mid-calendar 2017 New Gold’s Rainy River project is located 65 km northwest of Fort Frances, Ontario. Photo from New Gold. NASDAQ: RGLD January 25, 2017
Slide 7: Volume Growth Already Bought & Paid For: Cortez
Volume Growth Already Bought & Paid For 7 Cortez camp includes several royalty areas of interest to Royal Gold Pipeline, South Pipeline, Gap, Crossroads and Goldrush Crossroads starts production in C2018 The Cortez camp is located 100km southwest of Elko, Nevada. All photos from Barrick. NASDAQ:
Slide 8: Attributable Gold Ounces (millions)
Optionality at 38 Currently Producing Interests 8 Organic growth through reserve optionality with ~20% growth in attributable gold reserves after acquisition Equity Reserve Growth Acquired Reserves $Au (EOY) 10 $2,000 9 $1,800 Attributable Gold Ounces (millions) 8 $1,600 7 $1,400 6 $1,200 Gold price
Slide 9: Optionality at 38 Currently Producing Interests
Optionality at 38 Currently Producing Interests 9 Operators’ innovation, capital and exploration at no incremental capital cost to Royal Gold1 Pueblo Viejo – Potential Resource Conversion Mount Milligan Enhancements Peñasquito Mount Milligan Enhancements Peñasquito Wassa Underground Development Peña
Slide 10: Annual Dividends Paid Per Share
Track Record of Industry-Leading Returns 10 20% compound annual growth rate (CAGR) in dividends per share since 2001, and currently equates to 1.4% annual yield (January 20, 2017) $1.00 Dividend Per Share Average Gold Price (source: Kitco) $1,800 $0.90 $1,600 Average Annual Gold Price Per Ounce Annu
Slide 11: Gold Equivalent Ounces (GEOs) Per 1000 Shares
Track Record of Industry-Leading Returns 11 Royal Gold has consistently generated higher gold equivalent ounces (GEOs) per share than its peers 4.00 3.50 Gold Equivalent Ounces(GEOs1) Per 3.00 2.50 1000 Shares 2.00 1.50 1.00 0.50 0.00 CY2011 CY2012 CY2013 CY2014 CY2015 TTM SLW FNV RGLD Calendar Year
Slide 12: A Simpler and Lower Risk Precious Metals Investment
A Simpler and Lower Risk Precious Metals Investment 12 With just 21 employees and a scalable business model, our margins are significantly higher than the Margin senior gold producers and the S&P 5002. Gross 1 79% We estimate 8% GEO3 volume growth between FY2016 and FY2019 with new Growth business a
Slide 13: Board of Directors
Board of Directors 13 Directors (from left to right): Jamie Sokalsky, Independent Director; Former President and CEO, Barrick Gold Corporation Kevin McArthur, Independent Director; Executive Chair, Tahoe Resources and Former CEO and Director, Goldcorp, Inc. Gordon Bogden, Independent Director; Forme
Slide 14: Portfolio of Assets
Portfolio of Assets 14 Diverse, Long Lived Properties Streams (at Sep 30, 2016) Reserve CY2016 RGLD RGLD RGLD pays RGLD pays Remaining Operator Operator Mine Metal RGLD interest until until until until until interest interest (per ounce) (per ounce) Mine Life Guidance (Years) (ounces)2 Centerra Gold
Slide 15: 1660 Wynkoop Street, #1000 Denver, CO 80202-1132
1660 Wynkoop Street, #1000 Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com
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