Jubilee Metals Group Plc · LSE:JLP
Jubilee Metals — H1 FY2024 Earnings Presentation
21 slides from Jubilee Metals's earnings presentation, February 2024
Slide 1: Interim Results Presentation
INTERIM RESULTS PRESENTATION for the six months ended 31 December 2023 AIM:JLP and JSE’s AltX:JBL
Slide 2: Disclaimer
Disclaimer Important notice: The distribution of these presentation materials in other jurisdictions may be restricted by law, and persons into whose possession these presentation materials All reasonable care has been taken to ensure that the facts stated in these come should inform themselves abou
Slide 3: Forward looking statements
Forward looking statements Important notice: Statements in this presentation that address exploration activities, mining potential and future plans and objectives of Jubilee Metals Group are forward-looking statements and forward-looking information that involve various risks, assumptions and uncert
Slide 4: Introduction, Financial review, Operational review
Introduction 5 Financial review 9 Operational review Zambia 12 South Africa 15 Looking ahead 18 INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2023 4
Slide 5: Diversified, leading metals producer
Diversified, leading metals producer Overview: Jubilee Metals A leading metals recovery group unlocking value from overlooked resources Diversified exposure to future facing commodities Innovative low-capital modular approach for high growth Wealth of surface materials provides significant growth op
Slide 6: Our business
Our business Overview: Jubilee Metals ▪ Listed on LSE’s AIM:JLP and JSE’s AltX:JBL Key metrics H1 FY24 ▪ Profitable, diversified, low-cost metals producer ▪ Unlocking value through processing of material overlooked by industry Revenue £74.8m ▪ The Jubilee Way – constantly striving to better operatio
Slide 7: Jubilee strategy
Jubilee strategy Investment to deliver sustained growth in future facing metals Agility through processing excellence offers flexibility to rapidly react to market dynamics Jubilee’s Chrome and PGM business ▪ Self-funding expansion to reach 2Mt of chrome concentrate by 2025 ▪ Delivering both growth
Slide 8: FY2024 Prospects
FY2024 Prospects Strong growth trajectory Copper (t) Chrome concentrate (t) 30,000 Capacity of Sable 16Kt and Roan 13Kt 2,500,000 Capacity – 2Mt 25,000 2,000,000 25,000 2,000,000 20,000 1,450,000 1,500,000 1,222,452 1,275,558 15,000 1,000,000 727,264 10,000 5,850 500,000 377,883 5,000 2,593 2,923 1,
Slide 9: Financial review H1 FY2024
Jubilee Y© Metals Group Financial review H1 FY 2024
Slide 10: H1 FY2024 Commodity Prices
H1 FY2024 Commodity Prices Commodity prices received Average Cu Average Cr concentrate PGM basket US$6 663 per tonne US$90 per tonne ** US$1 021 per PGM oz - 3.3% + 36.4% - 29.7% (H1 FY2023 US$ 6 893 per tonne) (H1 FY2023 US$66 per tonne) (H1 FY2023 US$ 1 453 per PGM oz) ** Cr price is the combinati
Slide 11: Financial overview
Financial overview Key financial highlights Group revenue Cr/PGM sales Cu sales Revenue by product (%) £74.7 m £68.4 m £6.3 m H1 FY2024 + 18.4% + 17.9% + 23.5% PGM (H1 FY2023: £63.1 m) (H1 FY2023: £58.0 m) (H1 FY2023: £5.1 m) 22% Cu EBITDA Capital expenditure 8% Cr £11.7 m £12.9 m 70% + 13.3% - 57%
Slide 12: Operational review Zambia
Operational review Zambia
Slide 13: H1 FY2024 Zambia
H1 FY2024 Zambia Enhancing operations through strategic investment and production expansion ▪ Copper production increased by 46.5% to 1 683t (H1 FY2023 1 149t) ▪ LTIFR reducing to 0.61 ▪ Roan Concentrator Front-End Upgrade ‒ Roan plant to complete upgrade and ramp-up by end of April 2024 ‒ Capacity
Slide 14: Zambia outlook
Zambia outlook Full-year guidance ▪ Copper guidance of 5 850t, is unchanged pending the timely commissioning of the front-end upgrade of Project Roan ▪ Completion of Project Roan upgrade to 13 000t per annum capacity by end April 2024 ▪ Completion of Sable Refinery copper sulphide upgrade during Q3
Slide 15: Operational review South Africa
Operational review South Africa
Slide 16: H1 FY2024 South Africa
H1 FY2024 South Africa Chrome and PGM production on track to deliver guidance Chrome production PGM production 718 189t 20 244 PGM oz ▪ Chrome operations delivered 718 189t of chrome concentrates + 7.4% + 11.2% (H1 FY2023 668 809t) (H1 FY2023 18 208 PGM oz) ‒ Increase of 39.7% from own sources chrom
Slide 17: South Africa outlook
South Africa outlook Full-year guidance ▪ 1.45Mt chrome concentrate ▪ 42 000 PGM ounces from own production for FY2024 ▪ Uniquely positioned to further expand chrome operations ▪ Elected to further expand Thutse’s capacity by constructing two additional 50 000t per month modules ▪ Long-term 2Mt chro
Slide 18: Looking ahead
Looking ahead
Slide 19: Looking ahead
Looking ahead Processing excellence offering agility ▪ Innovative Growth Strategy ▪ Chrome expansion drive ‒ Expand operations to exceed 25 000t per annum ‒ Roll-out of proven chrome modular units of copper ‒ Process excellence offering numerous ‒ Implement modular processing technology for opportun
Slide 20: Corporate information
Corporate information Capitalisation summary Major institutional shareholders Jubilee Metals Group Plc AIM: JLP / AltX: JBL Share price at 23 February 2024 £0.052 (5.20 pence) Quantock plc Shares Outstanding 2 974 493 617 Veddis Capital Market Cap 23 February 2024 £154.67 million ACAM LP Canaccord G
Slide 21: Thank you
Thank you Jubilee DO Metals Group mae” Ws Lave J ie ue :
Jubilee Metals Group — H1 FY2024 Earnings Presentation on 6ix