Burgundy Diamond Mines Ltd · ASX:BDM
Burgundy Diamond Mines — Q4 2024 Earnings Presentation
24 slides from Burgundy Diamond Mines's earnings presentation, Jan 28, 2025
Slide 1: Q4-2024 Results Investor Presentation
28 January 2025 ASX Announcement Q4-2024 Results Investor Presentation Calgary, Alberta – Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) has released an updated investor presentation for its fourth-quarter results conference call scheduled for the 29th January 2025. This announce
Slide 2: Q4-2024 Results
Q4-2024 RESULTS 28th January 2025 Burgundy Diamond Mines Limited ASX: BDM BURGUNDYDIAMONDS.COM A reliable producer of premium diamonds to the global luxury market
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This Presentation is given on behalf of Burgundy Diamond Mines Limited (ASX: BDM) (ABN 33 160 017 390) (Burgundy or Company). By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer
Slide 4: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Financial information Certain financial data included in this Presentation is 'non IFRS financial information’ and "non-GAAP" financial measures under Regulation G of the U.S. Securities Exchange Act of 1934, as amended. These measures are used internally by managemen
Slide 5: Presenters
PRESENTERS Q4-2024 results Kim Truter Chief Executive Officer & Managing Director Brad Baylis Chief Financial Officer Michael O'Keeffe Chairman Ekati wildlife 4
Slide 6: Overview
OVERVIEW 01 Chairman opening 02 Operational and financial performance 03 Growth 04 2024 achievements 05 2025 outlook 5 Ekati mining truck 5
Slide 7: Chairman opening
@) 1 Chairman opening
Slide 8: Chairman's Message
CHAIRMAN’S MESSAGE Belief in the diamonds sector remains bullish Countercyclical strategy: The right asset in the diamond industry: Diamond mining “disinterest” has created a countercyclical investment environment that has worked for other commodities (iron ore, coal, 1. 1 Tier-1 location uraniu
Slide 9: Q4-2024 Operational and financial performance
Q4-2024 02 Operational and financial performance
Slide 10: Operational Highlights
OPERATIONAL HIGHLIGHTS Q4-2024 Ore mined (Mwmt) Waste mined (Mwmt) Lower ore mined during the quarter, due to mining operations 8.00 transitioning from Sable to Point Lake open pit Carats recovered lower than the prior corresponding period 6.00 due to lower grade ore blend (plant feed supplement
Slide 11: Sales and Financial Highlights
SALES AND FINANCIAL HIGHLIGHTS Q4-2024 Carats sold for the quarter was slightly below the average Carats sold (Mcts) Revenue/ct sold (US$) run rate (lower quality goods carried over to Q1-2025) 151 1.50 133 Like for like pricing in Dec 2024 sale saw increases in the 116 109 103 mid to larger siz
Slide 12: Balance Sheet Position
BALANCE SHEET POSITION Disciplined cash management Time 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 31-Dec-24 Priorities: Property, plant, 277 205 239 224 232 264 287 equipment (US$M) 1. 1 Funding cash-accretive mine life optimisation and Other non-current extension projects 49 70 75
Slide 13: Cash Change Details
CASH CHANGE DETAILS September 30, 2024 to December 31, 2024 (US$M) Cash and cash equivalent balance of US$25.1M The major cash movements included: Two environmental bond payments totalling US$22.3M US$35.2M capital expenditures, including ~US$31M for Point Lake mining preparation $20.2 -$22.
Slide 14: Growth
03 Growth 13
Slide 15: Misery Underground Mine
MISERY UNDERGROUND MINE Active drilling targeting significant mine life extension Update on activities: Misery deep drilling 100% complete Misery deep drilling results being analysed for Mineral Resource and Ore Reserve reporting Misery Southwest extension drilling is 40% complete; Misery So
Slide 16: Point Lake Open Pit Mine
POINT LAKE OPEN PIT MINE Ekati’s next mine in Q1-2025 Update on activities: Open pit benches established Point Lake ore exposed (as of 31st December) Bulk sample from the main Point Lake kimberlite to be recovered in Q1-2025 First ore production on track for Q1-2025 using a modified pit desi
Slide 17: 2024 achievements
04 2024 achievements
Slide 18: CY-2024 Guidance Results
CY-2024 GUIDANCE RESULTS Majority of targets achieved in difficult market conditions & transition to Point Lake CY-2024 carats recovered target was narrowly missed by 2% CY-2024 EBITDA missed by 6% due to lower revenue in Q3-2024/Q4-2024 Remaining targets were achieved Operational guidance CY-
Slide 19: 2024 Review
2024 REVIEW Strides towards executing Company strategy Successful transition from Sable to Point Lake open pit Convertible Notes of US$23M repaid Renegotiated environmental bond payment schedule enabling the Company to amortise its payments over the Ekati life of mine (current and/or updated),
Slide 20: 2025 outlook
@) 5 2025 outlook
Slide 21: 2025 Highlights
2025 HIGHLIGHTS Positive year ahead Market: Global rough diamond supply dipped below 105 Mcts in 2024 for first time since 19951. Medium to long term thesis for strong diamond prices is maintained Indications are that the industry has hit pricing bottom Operations: Major production, hauling an
Slide 22: Ensuring Liquidity Stays Robust
ENSURING LIQUIDITY STAYS ROBUST Improving Burgundy’s cash position Several initiatives focussed on cash management and working capital management Double the royalty valuations (from 10-20) to smooth revenue from increased number of sales and to further shorten the diamond inventory pipeline Se
Slide 23: ASX: BDM
ASX: BDM ABN: 33 160 017 390 www.burgundydiamonds.com Investor enquiries investor@burgundydiamonds.com Media enquiries communications@burgundydiamonds.com 22
Slide 24: Mineral Resource and Ore Reserve – Burgundy Diamond Mines
MINERAL RESOURCE AND ORE RESERVE – BURGUNDY DIAMOND MINES As of 31st December 2023 Kimberlite pipes Measured Resources Indicated Resources Inferred Resources Pipe Name Type Mt Ct/t Mcts Mt Ct/t Mcts Mt Ct/t Mcts Sable OP - - - 7.1 0.9 6.8 0.3 1.0 0.3 Point Lake OP - - - 31.7 0.8 24.0 9.6 0.8 7.3 Pho
Burgundy Diamond Mines — Q4 2024 Earnings Presentation on 6ix