Saudi Arabian Mining Co. · TADAWUL:1211
Saudi Arabian Mining — FY2021 Earnings Presentation
18 slides from Saudi Arabian Mining's earnings presentation, Mar 24, 2022
Slide 1: Investor Presentation Q4 & FY 2021 Results
Investor Presentation Q4 & FY 2021 Results 24th March 2022
Slide 2: Disclaimer
Disclaimer This presentation contains statements that are, or may be deemed to be, forward looking statements, including statements about the belie fs and expectations of the Saudi Arabian Mining Company (the "Company"). These statements are based on the Company's current plans, estimates and proje
Slide 3: Robert Wilt, Chief Executive Officer
Robert Wilt Chief Executive Officer Al Amar gold mine 2
Slide 4: Our people first
Our people first Best ever All Injury COVID-19 measures: Investing in people: Frequency Rate in 100% vaccination for Training, Saudization, 2021: Showing our all employees and female empowerment infrastructure commitment to safety readiness to protect business continuity Al Amar gold mine 3
Slide 5: Continuously creating value for our shareholders
Continuously creating value for our shareholders New strategy taking Strong financials yielding Clear ESG agenda into the future bonus shares and setting supporting future further growth direction stability of business 1 2 3 Al Amar gold mine Al Jalamid phosphate mine Afforestation project in Almera
Slide 6: New strategy that takes to the future
New strategy that takes to the future 1 2 3 Vision for Ma'aden Vision Statement: 2040 Sustainable mining champion with a global presence Guiding principles Focus on KSA endowment Focus on core mining business Financial discipline Strategic Leverage KSA Value Productivity ESG pillars Resources Focus
Slide 7: Strong financials yielding bonus shares and setting further growth direction
Strong financials yielding bonus shares and 1 12 3 setting further growth direction Continued share price performance Significantly reduced leverage Bonus shares awarded in 2021 (in %) (Net debt vs. EBITDA) 250 -59% 8 7.6 200 Number of shares 1.23BN 7 before capital increase T 6 150 5 100 Number of
Slide 8: Clear ESG agenda supporting future stability of business
Clear ESG agenda supporting future 1 3 2 3 stability of business E N V I R O NM E N T S O C IAL G O V E R NA N C E • Reaching carbon neutrality • 25 active initiatives in 2021: • Finalists for global by 2050 with clear roadmap Highest investment in compliance excellence • 50% reduction in freshwater
Slide 9: Financial update
Financial update Al Jalamid phosphate mine 8
Slide 10: Consolidated financial performance FY21
consolidated financial performance FY21 Record 2021 with net profit driven largely by higher realized prices/supportive commodity price environment coupled cost/financial/operational discipline (SAR BN) Q421 Q321 VAR (%) Q420 VAR (%) 2021 2020 VAR (%) Sales 8.519 6.699 27% 5.549 54% 26.769 18.580 44
Slide 11: Financial performance | Phosphate
Financial performance | Phosphate VAR (%) VAR (%) VAR (%) (SAR BN) Q421 Q321 Q421 vs Q420 Q421 vs 2021 2020 2021 vs Q321 Q420 2020 • Sales increase (+68%) from Sales 5.104 3.646 40% 2.844 79% 14.583 8.663 68% 2020 to 2021, mainly driven by market price EBITDA 2.348 1.597 47% 1.206 95% 6.375 2.364 17
Slide 12: Financial performance | Aluminium
Financial performance | Aluminium VAR (%) VAR (%) VAR (%) (SAR BN) Q421 Q321 Q421 vs Q420 Q421 vs 2021 2020 2021 vs Q321 Q420 2020 Sales 2.824 2.545 11% 2.080 36% 9.890 7.182 38% EBITDA 1.459 1.228 19% 0.865 69% 4.619 2.308 100% • Sales increase by 38% in 2021, compared to 2020 EBITDA margin 52% 48%
Slide 13: Financial performance | Gold & base metals
Financial performance | Gold & base metals VAR (%) VAR (%) VAR (%) (SAR BN) Q421 Q321 Q421 vs Q420 Q421 vs 2021 2020 2021 vs Q321 Q420 2020 Sales 0.591 0.508 16% 0.625 -5% 2.297 2.735 -16% EBITDA 0.246 0.210 17% 0.340 -28% 1.037 1.368 -24% • Q4 performance shows 2021 ending in a EBITDA positive tren
Slide 14: 2022 outlook and long-term plans
2022 outlook and long-term plans Bulghah gold mine 13
Slide 15: Snapshot: 2022 outlook and drivers
Snapshot: 2022 outlook and drivers Commodity Inflation Fed rate hikes Political confli ct super cycle Ra w ma t e ria l price s Fina ncing cost s Commodit y price s End use r price s Picture of bank UKRAINE RUSSIA 14
Slide 16: Core commodities: 2022 outlook
Core commodities: 2022 outlook Supply Demand Gas supply shortages, Russian fertilizer Higher crop prices, low opening DAP stock in Fertilizer export ban & Chinese export restrictions India & high raw material prices Supply deficit: rising gas and power prices in Rising demand of electric vehicle, re
Slide 17: 2022 priorities
2022 priorities Become an ESG role model Deliver our growth projects 2022 Ammonia 3 • 1.1 MN tons per annum Mansourah-Massarah • 250k ounces per annum example on ESG and help the Kingdom achieve its sustainability objectives, and I 2025 Phosphate 3 • Phase 1 2025, phase 2 2027 am pleased to announce
Slide 18: Q&A
Q&A Robert Wilt Yaser Barri Chief Executive Officer Chief Financial Officer Mahd Ad Dhahab gold mine 17
Saudi Arabian Mining Company (Ma'aden) — FY2021 Earnings Presentation on 6ix