Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — H1 2024 Earnings Presentation
11 slides from Pt Merdeka Copper Gold Tbk's earnings presentation, Oct 1, 2024
Slide 1: Merdeka Group 1H Results Presentation
MERDEKA GROUP 1H Results Presentation 1st October 2024 IDX: MDKA I www.merdekacoppergold.com 1H Results Presentation – October 2024
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by PT Merdeka Copper Gold Tbk (“Merdeka” or “MDKA”) and PT Merdeka Battery Materials Tbk (“MBMA”). By reviewing/attending this presentation, you agree to be bound by the following considerations: • No representation or warranty (express or implied) is m
Slide 3: 1H 2024 Highlight
1H 2024 Highlight Financials Project Update Merdeka MBMA Tujuh Bukit Copper Gold Project Extension of oxide mine life at TB Gold and advancement of TB Copper optimisation studies to improve project economics Revenue $1,094m Pani Gold Project $922m Construction advancing towards commissioning of heap
Slide 4: Group Performance by Product
GROUP PERFORMANCE BY PRODUCT Gold Copper NPI HGNM Limonite Production 49,520 oz 6,672 t 42,782 t 25,443 t 2.99 m wmt Sales 51,637 oz 6,340 t 42,467 t 27,209 t 3.49 m wmt Revenue ($ m) 112.7 54.7 479.5 386.7 55.5 EBITDA ($ m) 48 21 44 30 17 Average Sales Price $2,182/oz $3.92/lb $11,291/t $14,212/t $
Slide 5: Revenue
REVENUE $ million 1H 2024 number +110% + + 56 -4 + 387 + 120 480 55 • Group revenue and EBITDA of $1,094 million and $150 million, representing YoY growth of 110.3% and 101.2%, respectively • Significant revenue growth is attributable to: o 4.2% increase in gold sales and improved average sales pric
Slide 6: EBITDA
EBITDA $ million 1H 2024 number ~97% + + -6 17 + 30 + + 44 21 48 1H 2023 1H 2024 • Merdeka generated a group EBITDA of $150 million in 1H 2024 • The higher EBITDA is attributable to: o Significant contributions from sales of multiple nickel products (NPI, HGNM, and limonite ore) o 4.2% YoY increase
Slide 7: 1H2024 Profit & Loss
1H2024 PROFIT & LOSS Add back: $ million • Income tax • Other expenses / income • Net financing cost • 92% YoY increase in gross profit mainly attributable to NPI and HGNM sales • Finance costs have increased due to higher interest rates and overall debt levels incurred to support the Company’s grow
Slide 8: 1H2024 Cash Flow
1H2024 CASH FLOW $ million • Private placement proceed ($50m) • Sustaining ($45m) • Bonds issuance cost ($1m) • Proceed from non-controlling interest • Growth / Expansion ($28m) • Financing cost ($87m) ($34m) • Exploration ($21m) • Borrowing cost ($3m) • Proceeds from sales & leaseback ($11m) • Cons
Slide 9: Project Development
PROJECT DEVELOPMENT TB Copper Gold Pani ESG HPAL • Merdeka is advancing several project • The project remains on schedule for • At the end of the quarter, project optimisation initiatives at TB Copper the initial heap leach operation completion of PT ESG HPAL plant was • Extensive drilling increased
Slide 10: Summary and 2024 Guidance
SUMMARY AND 2024 GUIDANCE Gold and copper production guidance of 100,000 – 120,000 ounces at a total cash cost of $900 to 1,050/oz and 14,000 to 16,000 tonnes at a total cash cost of $3.25 to 4.00/lb, respectively MBMA commenced scheduled relining of the refractory on one of its two furnaces of the
Slide 11: Thank you
Thank you investor.relations@merdekacoppergold.com www.merdekacoppergold.com 1H Results Presentation – October 2024
PT Merdeka Copper Gold — H1 2024 Earnings Presentation on 6ix