Regis Resources Limited · ASX:RRL
Regis Resources — Q2 2023 Earnings Presentation
12 slides from Regis Resources's earnings presentation, Feb 23, 2023
Slide 1: A future with growth
A future with growth FY23 Half Year Financial Results Jim Beyer – Managing Director and CEO Anthony Rechichi – Chief Financial Officer 23 February 2023
Slide 2: Cautionary statement
Cautionary statement This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL”) The Company confirms that it is not aware of any new information or data that materially affects the information included and their respective activities and
Slide 3: Investment highlights
Investment highlights A strong financial platform with multiple growth options 100% in Australia High quality portfolio Strong financial platform Organic growth Targeting 500koz/year FY23 H1 $197M Underlying EBITDA McPhillamys Project 100% Australian assets FY23 H1 $148M Operating Cash Flow Tropican
Slide 4: FY23 half year physical results
FY23 half year physical results Record half year gold production Unit H1 FY23 H1 FY22 Total open pit material moved Mbcm 12.8 19.3 Total underground development Metres 6,243 6,513 Total ore mined (open pit and underground) Mt 5.4 5.6 Total ore milled Mt 5.9 5.9 Head grade g/t 1.36 1.22 Recovery % 90
Slide 5: FY23 half year financial results
FY23 half year financial results Positive operating cash flows despite inflationary pressures Unit H1 FY23 H1 FY22 Gold production koz 232 210 Gold sold koz 227 217 All-in sustaining cost $/oz 1,771 1,527 Average realised price $/oz 2,357 2,256 Sales revenue $M 536 489 Underlying EBITDA (excluding i
Slide 6: Cash and bullion movements 6 months to 31 December 2022
Cash and bullion movements 6 months to 31 December 2022 Record gold sales underpin cash from operating activities $204m Record gold sales of 227koz and $536M in gold revenue Material reduction in strip ratios at Duketon North expected in H2 FY23 ($124m) Free cash flow to improve in H2 FY23 as ($34m)
Slide 7: Net profit/(loss) after tax
Net profit/(loss) after tax Increased production will see profitability improve in H2 FY23 EBITDA and NPAT impacted by $197m $178m inflationary cost pressures ($19m) Profitability to improve in H2 FY23 with increased production from Havana open pit (Tropicana) and Garden Well underground (Duketon) N
Slide 8: Balance sheet as at 31 December 2022
Balance sheet as at 31 December 2022 Strong balance sheet provides platform for growth Cash and bullion balance of $151M1 as at 31 December 2022 Expecting $67M tax refund in addition to improved operational cash flows in H2 FY23 $300M term loan facility matures in May 2024, planned to be refinanced
Slide 9: Cash flow and profitability margins to improve from H2 FY23
Cash flow and profitability margins to improve from H2 FY23 A business with scale and multiple organic growth options Group production targets (koz) FY23 Guidance Gold Production 450-500koz AISC $1,525-$1,625/oz Growth Capital $180M-$190M 450-500 450-500 500+ 500+ Expl. & McPhillamys $72M 437 373 Go
Slide 10: McPhillamys – long life mine
McPhillamys – long life mine One of Australia’s largest undeveloped open pit gold deposits Tier 1 project in Tier 1 location producing up to 200koz/year over 10+ years Public hearings for NSW Independent Planning Commission (IPC) completed 6th, 7th and 8th of February 2023 Anticipating final NSW IPC
Slide 11: The investment case
The investment case The Regis recipe for outperformance Strong financial platform Generate robust operating cash flows Long Reserve life with a production growth profile Exclusively in Tier 1 locations Progressive and measured approach to ESG Consistent plan delivery Dominant positions on prospectiv
Slide 12: Further information
Further information Ben Goldbloom Head of Investor Relations + 61 8 9442 2200