Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Q4 FY2013 Earnings Presentation
16 slides from Royal Gold's earnings presentation, Aug 8, 2013
Slide 1: Fourth Quarter and Fiscal 2013 Results
Page 1 FOURTH QUARTER AND FISCAL 2013 RESULTS AUGUST 8, 2013
Slide 2: Cautionary Statement
Page 2 Cautionary Statement Endnotes located on page 15. 40 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 t
Slide 3: Fiscal 2013 Highlights
Page 3 Fiscal 2013 Highlights 40 Record Annual Revenue up 10% Adjusted EBITDA at 90% of Revenue 1 FY2013 Record Annual Revenue of $289M, up 400% from 2008 Revenue ($USD Millions) $50 $100 $150 $200 $250 $300 $350 Adjusted EBITDA ~90% of Revenue
Slide 4: El Morro: Agreement to Acquire 1.4% NSR Royalty
Page 4 El Morro 40 Agreement to Acquire 1.4% NSR Royalty at El Morro Copper Gold Project 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 0.0 0.5 1.0 1.5 2.0 2.5 Precious Metal Grade (Gold Equivalent g/t) Base Metal Grade (Copper Equivalent %) 2 In - Situ Metal Value and Grade 1 El Morro
Slide 5: Mt. Milligan Facilities
Page 5 Mt. Milligan Facilities - July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 6: Mt. Milligan Primary Crusher
Page 6 Mt. Milligan Primary Crusher - July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 7: Fiscal 2013 Highlights
Page 7 Fiscal 2013 Highlights 40 Production up ~15%, gold price down ~4 % Net income of $69.2M or $1.09/share » Reflects non - cash impairment taken in Q3 ($0.23 per share, net of tax ) Effective tax rate of 46% (35% based on cash taxes paid) Dividend payout $43.9 million or 25% of operating cash fl
Slide 8: Mt. Milligan Pebble Crusher & Admin
Page 8 Mt. Milligan Pebble Crusher & Admin - July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 9: Mt. Milligan 40ft SAG Mill
Page 9 Mt. Milligan 40ft SAG Mill - July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 10: Mt. Milligan Two 24ft Ball Mills
Page 10 Mt. Milligan Two 24ft Ball Mills – July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 11: Mt. Milligan Flotation Circuit
Page 11 Mt. Milligan Flotation Circuit – July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 12: Mt. Milligan Flotation & Regrind
Page 12 Mt. Milligan Flotation & Regrind – July 2013 40 Adjusted EBITDA ~90% of Revenue
Slide 13: Cornerstone Property Update
Page 13 Royalty: 6,7,8 0.78 % to 5.23 % NSR Commercial Prod: 9 Mid - 2016 Est . Prod: 10 775,000 oz (Au ) Barrick resequencing and completing water management system Royalty : 2.0 % NSR (Au, Ag,Pb,Zn ) Est . CY 2013 Production: 3 360koz to 400kozs (Au ); CYTD: 149koz Ramp potential to 130ktpd in lat
Slide 14: Another Solid Year for Royal Gold
Page 14 Another Solid Year for Royal Gold FY Revenue up 10% - on volume up 15% and gold price down 4% Maintained cost and capital allocation discipline W ell positioned with $1 billion in available liquidity Acquisition of royalty at El Morro copper gold project Confidence in the long term value of
Slide 15: Footnotes
Page 15 Footnotes PAGE 3 HIGHLIGHTS 1. Adjusted EBITDA adjusted for one - time items, notably the IRC transaction which would have been reflected in the March 2010 quarter . See press release available on August 8 , 2013 for link to reconciliation of EBITDA . PAGE 4 EL MORRO 1. Includes, feasibility
Slide 16: 1660 Wynkoop Street Denver, CO 80202 - 1132 303.573.1660 info @royalgold.com www.royalgold.com
Page 16 1660 Wynkoop Street Denver, CO 80202 - 1132 303.573.1660 info @royalgold.com www.royalgold.com