Central Asia Metals Plc · LSE:CAML
Central Asia Metals — Investor Presentation (January 2025)
29 slides from Central Asia Metals's investor presentation, January 2025
Slide 1: Investing in Our Future
INVESTING IN OUR FUTURE Q1 2025 CORPORATE PRESENTATION 1
Slide 2: Disclaimer
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 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 amendm
Slide 3: CAML Operations
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 CAML OPERATIONS SASA (100%) - Underground zinc and lead mine, northeast North Macedonia. - Production commenced in 1960s; CAML acquired in 2017 - Life of mine to 2039 (reserves and resources) - 2025 production guidance 19,000-21,000t zinc an
Slide 4: CAML 2024 Overview
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 CAML 2024 OVERVIEW CREATING VALUE FOR ALL OUR STAKEHOLDERS CASH1 ZINC $67.6m PRODUCTION DEBT FREE 18,572t LEAD COPPER PRODUCTION PRODUCTION 26,617t 13,439t LOST TIME INJURY INTERIM DIVIDEND FREQUENCY RATE 9p 0.78 1 At 31 December 2024 4
Slide 5: Kounrad Copper Operation
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 KOUNRAD COPPER OPERATION Kounrad Mine Eastern Dumps 7 5 6 2 20 SX-EW 9-10 plant 13 Western Dumps 21a 15 1a 16 Kounrad village 22 6
Slide 6: 2024 Operations Update: Kounrad
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 2024 OPERATIONS UPDATE KOUNRAD - 2024 production 13,439t of copper cathode - H1 2024 C1 cash cost $0.78/lb; EBITDA margin H1 2024 72% - 2025 production guidance of 13,000–14,000t of 1At end 2023 copper cathode Kounrad copper production 16,00
Slide 7: Sasa Zinc and Lead Mine
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SASA ZINC AND LEAD MINE - Skarn-hosted lead-zinc deposit in North Macedonia - Mining by cut-and-fill and long-hole stoping using paste fill - Tailings disposal prioritises underground fill and dry-stack system, with the remainder going to a
Slide 8: 2024 Operations Update: Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 2024 OPERATIONS UPDATE SASA - 2024 production of 18,572t of zinc-in-concentrate and 26,617t of lead-in-concentrate Unit 2024 2023 - H1 2024 C1 cash cost $0.70lb (zinc-equivalent); EBITDA margin H1 2024 37% Ore mined t 762,456 805,621 - 2025
Slide 9: Transition to Paste Fill Mining at Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SASA ZINC AND LEAD MINE TRANSITION TO PASTE FILL MINING AT SASA Paste Backfill Plant Dry Stack Tailings Central Decline ‒ Consistent operation during ‒ Completion of initial phase of ‒ Completed on schedule in 2024; since commissioning landf
Slide 10: Sustainability at Kounrad
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SUSTAINABILITY AT KOUNRAD SUSTAINABILITY ACTIVITY EMPLOYMENT ‒ No Lost Time Injuries at Kounrad since May 2018 ‒ Solar Power Plant full year of operation in 2024, 100% LOCAL generating ~14% of Kounrad’s power requirements 336 EMPLOYEES ‒ Don
Slide 11: Sustainability at Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SUSTAINABILITY AT SASA SUSTAINABILITY ACTIVITY EMPLOYMENT ‒ Two Lost Time Injuries recorded during 2024 ‒ 100% renewable energy supplied via national grid 98% LOCAL 784 EMPLOYEES ‒ Achieved conformance with Global Industry Standard on Tailin
Slide 12: Growth Opportunities
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 GROWTH OPPORTUNITIES SEARCH FOR MATERIAL TRANSACTION - Pipeline of opportunities under review; focus on base metals in European time zone (plus Kazakhstan) - Potential acquisitions must be accretive EXPLORATION IN SCOTLAND - In June 2024 inv
Slide 13: Returns to Shareholders
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 RETURNS TO SHAREHOLDERS STRONG FINANCIAL PERFORMANCE WITH A FLEXIBLE BALANCE SHEET ‒ Since IPO CAML has returned ~$360m in dividends 360 ‒ Dividends paid far exceed the total of $214m in equity raised from the market 300 since IPO 240 ‒ Full
Slide 14: Summary and Outlook
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SUMMARY AND OUTLOOK OUTLOOK - 2025 production guidance unchanged from previous year - Transition to paste-fill mining methods nearing completion - Commence operation of Dry Stack Tailings Plant CAPITAL ALLOCATION PRIORITIES - Continued inves
Slide 15: Contact Details
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 CONTACT DETAILS INVESTOR RELATIONS MANAGER Richard Morgan 36 Carnaby Street London W1F 7DR rm@caml.uk +44 (0) 207 898 9001 www.centralasiametals.com
Slide 16: Appendices
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 APPENDICES
Slide 17: Share Price/Shareholders
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SHARE PRICE/SHAREHOLDERS SHARE PRICE PERFORMANCE VERSUS PEERS 320 Share price* (AIM:CAML) 152.0 pence 300 280 Total no. voting shares 181,904,941 260 Treasury shares 193,325 240 Issued shares 182,098,266 220 200 Market capitalisation £276.5m
Slide 18: Board of Directors
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 BOARD OF DIRECTORS Mike Prentis Nick Clarke Louise Wrathall Gavin Ferrar Roger Davey David Swan Senior Independent Director Non-Executive Chairman CFO CEO NED NED Chair - technical experience - accounting experience NED - Nomination Committe
Slide 19: H1 2024 Kounrad C1 Copper Cash Cost
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 KOUNRAD C1 COPPER CASH COST H1 2024 C1 cash cost $0.78/lb Cost H1 2024 H1 2023 H1 2024 H1 2023 (H1 2023: $0.67/lb) $m $m $/lb $/lb $0.11/lb YoY increase includes: Reagents 2.0 1.6 0.13 0.11 – increase in price of reagents by $0.02/lb
Slide 20: H1 2024 Sasa Run-of-Mine Costs
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q4 2024 H1 2024 SASA RUN-OF-MINE COSTS H1 2024 RoM unit costs $63.1/t H1 H1 H1 H1 (H1 2023: $56.2/t) C1 cash cost 2024 2023 2024 2023 $m $m $6.9/t YoY increase, owing to: RoM t 365,652 396,234 – reduction in RoM ore extracted by 30,582t, contributin
Slide 21: Sustainability – Strategy and Progress
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SUSTAINABILITY – STRATEGY AND PROGRESS PILLAR TARGET During 2024, CAML DELIVERING VALUE Zero human rights abuses THROUGH Zero cases of bribery and corruption - Published its fifth annual STEWARDSHIP Sustainability Report Implement Group-wide
Slide 22: Svinja Reka Ore Reserve Statement
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SVINJA REKA ORE RESERVE STATEMENT The following Ore Reserve Statement has been prepared by Sasa’s technical services team based on a Life of Mine (LoM) plan that includes a transition from the Sub Level Caving mining method to Cut and Fill a
Slide 23: Mineral Resource Estimates for Svinja Reka and Golema Reka - Sasa
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 MINERAL RESOURCE ESTIMATES FOR SVINJA REKA AND GOLEMA REKA - SASA Sasa’s technical services team has updated the Mineral Resource Estimate (MRE) for the Svinja Reka and Golema Reka deposits as of 31 December 2023. Classification Deposit Mt P
Slide 24: Sasa Mining: Long Section Svinja Reka
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 SASA MINING LONG SECTION SVINJA REKA
Slide 25: H1 2024 Income Statement
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 H1 2024 INCOME STATEMENT EBITDA $49.1m - margin 47% Highlights ($m) H1 H1 2024 2023 Change - Gross revenue 4% higher YoY Gross revenue 103.8 99.3 +4% – Kounrad gross revenue $59.1m (H1 2023: $54.7m) – Sasa gross revenue $44.7m (H1 2023: $44.
Slide 26: EBITDA H1 2024 vs H1 2023
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 EBITDA H1 2024 VS H1 2023 60 58 56 1.9 54 0.4 0.1 4.4 0.2 -2.0 52 -2.8 $m 50 49.1 48.9 -1.5 48 46 44 42 40 28
Slide 27: H1 2024 Capex
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 H1 2024 CAPEX GROUP CAPEX OF $8.3M (H1 2023: $11.3M) Capital Projects $3.1m including: 2024E total capex Sasa $22-25m – Dry Stack Tailings Plant and landform construction $1.2m – Paste Backfill Plant and associated costs $0.6m – Central Decl
Slide 28: 30 June 2024 Balance Sheet
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 30 JUNE 2024 BALANCE SHEET Flexible balance sheet 30 June 31 Dec Balance sheet ($m) 2024 2023 PPE 326.2 338.1 – Completed the investment in associate Aberdeen Minerals Ltd acquiring a 28.7% shareholding Intangible assets 23.9 25.4 Investment
Slide 29: H1 2024 Cashflow
CENTRAL ASIA METALS PLC | CORPORATE PRESENTATION | Q1 2025 H1 2024 CASHFLOW 110 100 42.4 H1 2024 FCF of 90 $30.0m 80 -20.1 70 -8.2 60 57.2 -8.3 56.3 -3.9 1.2 $m -3.9 -0.1 50 40 30 20 10 - 31
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