Paladin Energy Ltd · ASX:PDN
Paladin Energy — Shareholder Meeting (November 2009)
43 slides from Paladin Energy's shareholder meeting presentation, Nov 25, 2009
Slide 1: Paladin Energy Ltd Annual General Meeting
Paladin Energy Ltd Annual General Meeting 25 November 2009
Slide 2: The New Energy In The Market: Uranium Market
Paladin Energy Ltd The Ne New Energ Energy In The Market Uranium Market Dustin Garrow, Executive General Manager g - Marketing g Annual General Meeting V.1L 25 November 2009
Slide 3: Disclaimer
Disclaimer This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and e
Slide 4: World Nuclear Capacity - Growth is Assured
World Nuclear Capacity - Growth is Assured number of reactors expected to be operating by 2030 Status as of 1 October 2009 Current Nuclear Under Construction Planned Capacity Reactors / (Capacity) 436 (372.5GWe) 52 (44.3GWe) [43] 135 (150GWe) [108] 170Mlb U3O8 required q (WNA Estimate) Countries 30
Slide 5: Global Uranium Production 2000-2008
Global Uranium Production 2000 - 2008 130 430 120 360 50 112 315 110 50 100 90 nds U3O8 80 70 million poun 125 60 115 120 104.7 108.9 107.1 50 102.3 91.5 94.5 93.7 92.6 40 30 20 10 0 20 20 20 20 20 20 20 20 20 20 00 01 02 03 04 05 06 07 08 09 Actual production Forecast production 430 Planned and pro
Slide 6: Uranium Price Trend
Uranium Price Trend 2006 - Present
Slide 7: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD
Slide 8: Operations Update
Operations Update Wyatt Buck E Executive ti General G l Manager M – Production P d ti Paladin Energy Ltd Annual General Meeting g 25 November 2009
Slide 9: Safety
Safety • First priority – “zero harm at work” • Management understands “Actions Actions speak louder than words words” • Require to build onto the Malawian Kayelekera operation with the experience gained at Langer Heinrich • NOSA system at all Paladin Operations • “Right people on the ground” will m
Slide 10: General
General • Current design nameplate from combined LHM and KM operations of 7Mlb pa to be realised over the next few months. • Langer Heinrich Mine (LHM) now ramping up quickly, currently to 90% of design. • Kayelekera Mine (KM) is improving monthly and realistically expected to get to design in next
Slide 11: Langer Heinrich Project
Langer Heinrich Project staged growth • Stage 1 – Alkaline leach, CAPEX US$100M – design 2.6Mlb pa – operating above design capacity for 5 consecutive quarters • Stage 2 – production ramp-up – design 3.7Mlb pa, CAPEX US$59M – design production at approximately 90% • Stage S g 3 expansion p approved
Slide 12: Langer Heinrich Ramp-up
Langer Heinrich Ramp-up LHM Production in lb U3O8 Accounting Design 400,000 Stage 2 target 300,000 200,000 100,000 0
Slide 13: Kayelekera
Kayelekera • Ramp–up fully under way • Expect 75 to 80% of design in December, ramp-up to design next qtr Kayelekera Downtime 400 350 300 Hours downttime 250 200 Sept Qtr Oct 150 100 50 0 RIP RIP elution Water MMD sizer Power/Inst Mill Tails contactor thickener
Slide 14: Production Forecast
Production Forecast Kayelekera Production in lb U3O8 300,000 Accounting Design 250,000 200,000 150,000 100,000 50,000 0
Slide 15: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD
Slide 16: Corporate Social Responsibility Programme
Corporate C t S Social i l Responsibility Programme Gregg Walker General Manager - International Affairs Paladin Energy Ltd Annual General Meeting 25 November 2009
Slide 17: Flagship Water Project Nearing Completion
Flagship Water Project Nearing Completion
Slide 18: Trench Digging Provided Local Jobs
Trench Digging Provided 265 Local Jobs
Slide 19: New Kayelekera Village Teacher's Housing
New Kayelekera Village Teacher’s Housing
Slide 20: Kayelekera Primary School – Before
Kayelekera Primary School – Before
Slide 21: Kayelekera Primary School – After
Kayelekera Primary School – After “What you have built here is more than what I would call a beautiful modern school. Paladin has kept its promise and we are grateful.” Kayelekera Village Headman Mweso
Slide 22: Paladin is Funding Local Teachers' Salaries
Paladin is Funding Local Teachers’ Salaries
Slide 23: Health Clinic is a Vital Community Service
Health Clinic is a Vital Community Service
Slide 24: Local Food Buying is a Major Stimulus
Local Food Buying is a Major Stimulus
Slide 25: Employees' Charity Funds Local Child Care
Employees’ Charity Funds Local Child Care
Slide 26: Charity Ensures Orphaned Children are Fed
Charity Ensures Orphaned Children are Fed
Slide 27: Funding Provides Youth Vocational Training
Funding Provides Youth Vocational Training
Slide 28: And Supports Visually-Impaired Childcare
And Supports Visually-Impaired Childcare
Slide 29: LHM Supports Namibian Education Projects
LHM Supports Namibian Education Projects
Slide 30: Including National Mathematics Congress
Including National Mathematics Congress
Slide 31: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD
Slide 32: Paladin Status & Future Outlook
Paladin P l di Status St t & Future Outlook John Borshoff M Managing i Director/CEO Di t /CEO Paladin Energy Ltd Annual General Meeting g 25 November 2009
Slide 33: Paladin's Suite of Uranium Properties
Paladin’s Suite of Uranium Properties staged for sequential development
Slide 34: Paladin – A Mining House in the Making
Paladin – A Mining House in the Making NOV 07 NOV 08 NOV 09 Cash on hand US$160M US$280M US$464M Shares on issue 601M 613M 716M Mkt Capital US$3.9bn US$1.2bn US$2.8bn LHM Stage 1 50% design 100% design 100% design Stage 2 - Construction 90% design Stage 3 - Feasibility Design/construction Stage 4 -
Slide 35: Paladin: Multi-staged Parallel Activities
Paladin proceeding with multi-staged multi staged parallel activities Developing a complete company • Sustained production - LHM Stage 1 • Ramping up production - LHM Stage 2 & KM • E Expansion i (immediate) (i di t ) - LHM St Stage 3 • Expansion (mid term) - LHM Stage 4 & Stage 2 KM • Development/a
Slide 36: Value Proposition
Value Proposition Paladin offers an extremely attractive investment offering at a time when the uranium market outlook remains uniquely positive. Uranium Producer Paladin is an emerging Tier I global uranium producer Fully Independent Paladin is the only non-aligned pure uranium producer Increasing
Slide 37: Future Outlook
Future Outlook
Slide 38: Year Production Outlook
4 Year Production Outlook 15 13 8 13.8 14 Actual Forecast 13 12.8 12 Stage 3 Langer Heinrich 11 Production 10.0 10 8.5 9.0 9 8.0 Stage 4 Mlb 8 U3O8 7 6.1 6 I 5 5.6 4 2.70 3 2 1 71 1.71 1 0 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 Langer Heinrich Actual Langer Heinrich Production Kayelek
Slide 39: Project Pipeline
Project Pipeline assets acquired & projects developed Stage 3 Expansion Langer Heinrich Mine LHM LHM Stage 4 Expansion Kayelekera Mine Inventory U3O8 376 5Mlb 376.5Mlb New production with staged g organic g growth 2007 to 2013
Slide 40: Key Takeaways
Key Takeaways • Multi-mine/multi-country operating status • M i t i i strong Maintaining t production d ti profile fil – FY10 growth for Paladin (2.7Mlb to 5.6Mlb – 6.1Mlb) • Langer Heinrich Stage 3 expansion increasing production to 5.2Mlb pa – commissioning start up Dec qtr 2010 • Stage 4 expansio
Slide 41: Paladin Energy Ltd
gALADIW PALADIN ENERGY LTD
Slide 42: Proxy Votes
Proxy Votes For Against Abstain R Resolution l ti 1 – Remuneration R ti R Reportt 354 099 004 354,099,004 9 373 446 9,373,446 2 147 155 2,147,155 Resolution 2 – Re-election of Donald Shumka 344,825,577 19,031,481 1,752,687 Resolution 3 – Employee Performance Share Rights Plan 310,642,003 22,997,800
Slide 43: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD