Labrador Iron Ore Royalty Corporation · TSX:LIF
Labrador Iron Ore Royalty — Shareholder Meeting (May 2022)
8 slides from Labrador Iron Ore Royalty's shareholder meeting presentation, May 12, 2022
Slide 1: Labrador Iron Ore Royalty Corporation Annual General Meeting
LABRADOR IRON ORE ROYALTY CORPORATION ANNUAL GENERAL MEETING MAY 12, 2022
Slide 2: Notice to Reader
NOTICE TO READER All dollar figures are stated in Canadian (“CDN”) dollars unless noted otherwise. The information contained in this presentation is derived from publicly available sources, such as annual and quarterly financial reports and the annual information form filed by Labrador Iron Ore Roya
Slide 3: LIORC Financial Highlights
LIORC FINANCIAL HIGHLIGHTS First Quarter Fiscal Year 2022 2021 2021 2020 ($ in millions except per share information) Revenue 54.2 65.7 279.7 202.3 Net Income 63.2 86.6 379.8 227.2 Adjusted Cash Flow from 29.8 55.4(2) 382.6(3) 198.0(4) Operations(1) Net Income per Share $0.99 $1.35 $5.93 $3.55 Adjus
Slide 4: IOC Operations
IOC OPERATIONS • IOC sold 16.8 million tonnes of CFS and pellets in 2021, down 8% from 2020. IOC Sales Tonnage 20 • Concentrate production was was 18 negatively impacted throughout the 16 year by higher cycle times, haul truck 14 availability and the availability of operators, in part due to COVID-1
Slide 5: Iron Ore Prices
IRON ORE PRICES • In 2021, the Platts 65% Fe Index averaged $185 per tonne, a 52% Quarterly Iron Ore Prices increase over the 2020 average. $250 • In Q1, 2022 the Platts 65% Fe Index averaged $170, down 11% from Q1, $200 2021, but up 32% from Q4, 2021. US$ per DMT • The pellet premium recovered from
Slide 6: LIORC Cash Flow
LIORC CASH FLOW • Higher iron ore prices in 2021 Adjusted Cash Flow per Share resulted in adjusted cash flow of $7.00 $200 $5.98 per share. $180 $6.00 • Record cash flow from the $160 Annual Average Platts 65% Index US$ Royalty of $2.43 per share. $5.00 $140 • Record cash flow from IOC $120 $4.00 di
Slide 7: Outlook
OUTLOOK • Production volumes in the first quarter were below expectation. However, IOC is maintaining its production guidance of 17.0 to 18.7 million tonnes of pellets and CFS. • IOC has ambitious capital expenditure plans to continue renewing the asset infrastructure and to improve the production r
Slide 8: Questions
QUESTIONS 8
Labrador Iron Ore Royalty — Shareholder Meeting (May 2022) on 6ix