Fortress Minerals Limited · SGX:OAJ
Fortress Minerals — 2Q FY2024 Earnings Presentation
21 slides from Fortress Minerals's earnings presentation
Slide 1: Fortress Minerals Limited Results Presentation 2Q FY2024
Fortress Minerals Limited Results Presentation 2Q FY2024 Malaysia - Singapore
Slide 2: Important Notice
IMPORTANT NOTICE: This presentation does not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Fortress Minerals Limited (“Fortress Minerals” or the “Group”) in Singapore or any other jurisdiction nor shall i
Slide 3: Fortress Overview
01 Fortress Overview
Slide 4: Fortress at a glance
Fortress at a glance Bukit Besi, We employ over Our Location Terengganu We are a (Mining site 1) 1ST producer and exporter of marketable 400 employees and contractors Mengapur Sri Jaya, Pahang iron ore company listed and high-grade (Mining site 2) Petaling Jaya on Catalist Board of SGX-ST iron ore H
Slide 5: Corporate Developments
AWARDED BUKIT BESI MINING RIGHT Corporate Developments • 13 years long-life mining rights expiring in the year 2033 • Two mining leases covered area of 526.2 ha FY2024 COMPLETION OF JORC DRILLING CAMPAIGN FY2016 • Completed JORC drilling campaign on East, Valley & West Deposits • Construction of maj
Slide 6: Management team
Management team Talents responsible for the stewardship and long-term sustainable success of the Group Dato’ Sri Ivan Chee Ng Mun Fey Fionne Chua • Responsible for the overall • Responsible for the overall • Responsible for all finance management and operations of management and day-to-day and accou
Slide 7: Our strategic assets: Mining project overview
02 Our strategic assets Mining project overview
Slide 8: At a glance: Producing assets of Fortress Minerals
At a glance: Producing assets of Fortress Minerals Bukit Besi, Terengganu (Mining site 1) Mengapur Sri Jaya, Pahang Bukit Besi Bukit Besi (renewable) (Mining site 2) Mining land of 526.20 hectare 13 years mining license granted till 2033 Mengapur Mengapur (renewable) Four Mining Leases by two subsid
Slide 9: Bukit Besi Mine Strategic location supported by good Infrastructure
Bukit Besi Mine Strategic location supported by good Infrastructure Daily trucking to Customers’ stockyards Bukit Besi Area 526.2 h Airport 1.5 hour Mobility Easy access to highways convenience Seamless transportation flows Domestic customers Proximity to customers’ stockyards Bukit Besi Kemaman Por
Slide 10: Bukit Besi Mineral Resource
Bukit Besi Mineral Resource A closer look RESOURCE SUMMARY: West, Valley and East Deposits (Bukit Besi) * WAG ^ 45.34% 44.16% 43.25% 45.90% 42.31% Fe Fe Fe Fe Fe 7.18 In million tonnes 6.73 6.18 0.96 5.77 0.66 5.41 0.16 1.18 0.77 0.58 Bukit Besi’s 3.61 Operation 2.24 4.62 Site 3.58 3.57 East (Inferr
Slide 11: Quick Snapshot & Introduction Mengapur
Quick Snapshot & Mengapur Introduction Mineral Resource Type and Estimate Other minerals If encountered, will be stockpiled for future processing Mengapur Gold Larger & Ready for development Primary focus: Copper Magnetite iron ore 35.89 Bk Besi 526.2ha Million Tonnes – 2.10 (Inferred & Indicated) S
Slide 12: At a glance: Exploration assets of Fortress Minerals
At a glance: Exploration assets of Fortress Minerals Telupid Project Company Name Saga Mineral Sdn. Bhd. 2 Acquisition date 20-Sep-2022 New prospecting licenses Fortress Cu Sdn. Bhd. (65%) issued by East Malaysia by the Land and Shareholders Aston Solutions Sdn. Bhd. (35%) Surveys Department State o
Slide 13: Operational Updates
03 Operational Updates
Slide 14: Operational updates
Operational updates Mengapur • The Group is building up its production capabilities at the CASB mine, FY2023 which commenced production in July 2022. • Looking to build new integrated processing plant which will enhance production capability at the CASB mine and enable the Group to produce high grad
Slide 15: Other updates
Other updates Completion of placement of 23,316,100 Placement Shares at S$0.386 per Placement Share on 10 April 2023. FY2023 • 60% of net placement proceeds - Fund the Company's efforts to build up its production capabilities at the CASB Mine located at Mengapur, which commenced production in July 2
Slide 16: Financial Results
04 Financial Results
Slide 17: Financial results for 1H FY2024
Financial results for 1H FY2024 Steady earnings supported by strategic growth efforts Financial Revenue Margin Earnings performance US$ 30.6 Million 64.5% US$ 12.5 Million Gross Revenue 1.5%^ Gross Profit Margin 6.8ppt^ Underlying EBITDA 16.8%^ Balance sheet Operating cash flow Liquidity NAV (Group
Slide 18: Financial highlights
Financial highlights Revenue Strategic growth efforts support firm operating revenue 50.0 53.5 40.0 57.2% + 10.3% of FY23 +1.7% Financial 1H 1H 1H 30.0 30.1 30.6 metrics FY2022 FY2023 FY2024 FY2023 20.0 27.3 US$’ million 10.0 - Revenue 1H FY22 1H FY23 1H FY24 FY23 27.3 30.1 30.6 53.5 NPAT and margin
Slide 19: Healthy gross profit margin
Healthy gross profit margin Driven by increased sales volume GROSS PROFIT (US$ Million) and Gross Profit Margin (%) Margin US$ million 50.0 80.8% 100.0% 71.3% 64.5% 95.0% 90.0% 85.0% 80.0% 75.0% 70.0% 65.0% 60.0% 55.0% 40.0 50.0% 45.0% 40.0% Lower price Higher volume in Inflation of 1H FY24 as 35.0%
Slide 20: Financial performance A quick glance
Financial performance A quick glance 20
Slide 21: Thank You
THANK YOU Stay in touch with us Address 9-1, Jalan PJS 8/18, Dataran Mentari, 46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Registered Office 77 Robinson Road #06-03, Robinson 77 Singapore 068896 Contact info Email: corporate@fortress.sg Website: www.fortress.sg Telephone Office phone: +603 7