Paladin Energy Ltd · ASX:PDN
Paladin Energy — Shareholder Meeting (November 2010)
58 slides from Paladin Energy's shareholder meeting presentation, Nov 25, 2010
Slide 1: Paladin Energy Ltd Annual General Meeting
Paladin Energy Ltd Annual General Meeting 25 November 2010
Slide 2: 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 3: Paladin's Suite of Uranium Properties
Paladin’s Suite of Uranium Properties staged for sequential development 91%
Slide 4: Uranium v Other Metals
Uranium v Other Metals Since January 2009, other commodities have recovered by 87% while uranium has only marginally increased by 2%... this difference is not sustainable. Historical Commodity Prices (Rebased to 100 from 1 January 2010) Trend 200 Paladin has 3 deltas for share price appreciation i t
Slide 5: Uranium Market
Uranium Market DUSTIN GARROW E Executive ti General G l Manager M – Marketing M k ti Paladin Energy Ltd Annual General Meeting g 25 November 2010
Slide 6: Uranium Price Trends
35.00 40.00 45 00 45.00 50.00 55.00 60.00 65.00 70 00 70.00 Jan-09 J Feb-09 F Mar-09 M Apr-09 A May-09 M Jun-09 J Jul-09 Aug-09 A Sep-09 S Spot Oct-09 O Nov-09 N Dec-09 D Uranium Price Trends Jan-10 J Feb-10 F Mar-10 M Apr-10 A May-10 M FY10 Jun-10 J Term Jul-10 Aug-10 A FY11 Sep-10 S Oct-10 O Nov-1
Slide 7: World Nuclear Capacity
World Nuclear Capacity (1 October 2010) Current Nuclear Under Construction Planned Capacity Reactors / (Capacity) 441 (376.3GWe) 58 (60.5GWe) 152 (167.4GWe) 178.5Mlb U3O8 required (WNA) Countries 29 13 28 China 13 (10.2GWe) 23 (25.9GWe) 39 (44.3GWe) Russia 32 (23.1GWe) 10 (9.0GWe) 14 (16.0GWe) India
Slide 8: Reactors - Under Construction
Reactors - Under Construction 60 50 40 30 20 10 0 Under Construction Jan-08 Jan-09 Oct-09 Oct-10
Slide 9: Reactors - Planned
Reactors - Planned 160 140 120 100 80 60 40 20 0 Planned Jan-08 Jan-09 Oct-09 Oct-10
Slide 10: Reactors - Proposed
Reactors - Proposed 350 300 250 200 150 100 50 0 Proposed Jan-08 Jan-09 Oct-09 Oct-10
Slide 11: Global Uranium Production
Global Uranium Production 2005 2010 2005-2010 160 140 120 b. U3O8 100 million lb 80 60 40 20 0 2005 2006 2007 2008 2009 2010 (est.) Ex-Kaz/Paladin Kazakhstan Paladin
Slide 12: 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 2010
Slide 13: Safety - Operations
Safety - Operations • Site focus on formal safety systems • Paladin values adherence to World Class programmes Lost Time Incidents: Jan Feb Mar Apr May June July Aug Sept Oct Langer 1 0 0 0 0 0 0 0 0 0 Kayelekera 0 0 1 0 0 0 1 0 0 0
Slide 14: Environment
Environment Firm belief in formal management systems at operations • L Langer Heinrich H i i h certified tifi d tto ISO14001 since i A April il 2009 • Kayelekera to follow
Slide 15: 1st Shipment – March 2007
1st Shipment – March 2007 • Langer Heinrich 300 containers shipped (9.3Mlb) • Kayelekera 50 containers shipped (1.8Mlb)
Slide 16: Recent Shipment – Kayelekera
Recent Shipment – Kayelekera
Slide 17: Stage 3 Expansion Langer Heinrich
Stage 3 Expansion Langer Heinrich
Slide 18: Paladin – Growing Production Profile
Paladin – Growing Production Profile 8 7 6 5 Million Ls U3O8 4 3 2 1 0 FY2007 FY2008 FY2009 FY2010 FY2011
Slide 19: Key Production Takeaways
Key Production Takeaways strong growth • Priority focus on meeting production objectives • Maintaining strong organic production growth profile f • Managing deposits responsibly • Ability y to develop p varied types yp of deposits p – Alkaline leach,, Resin in Pulp • The future is here
Slide 20: Corporate Social Responsibility Programme
Corporate C t S Social i l Responsibility Programme GREG WALKER General Manager - International Affairs Paladin Energy Ltd Annual General Meeting 25 November 2010
Slide 21: Making a Difference in Africa
MMaking ki a DDifference ff n iin Af Africa i
Slide 22: Making a Difference in Malawi
Makingg a Difference ff in Malawi
Slide 23: Projects on Paladin's Corridor of Care
Projects on Paladin’s Paladin s Corridor of Care Makingg a Difference ff in Malawi
Slide 24: Providing Safe Water
Providing Safe Water Makingg a Difference ff in Malawi
Slide 25: State-of-the-Art Water Plant
State‐of‐the‐Art State of the Art Water Plant Makingg a Difference ff in Malawi
Slide 26: Providing Education
Providing Education Makingg a Difference ff in Malawi
Slide 27: New Classrooms and Teachers
New Classrooms and Teachers Makingg a Difference ff in Malawi
Slide 28: Building Teacher Housing
Building Teacher Housing Makingg a Difference ff in Malawi
Slide 29: Schooling For Deaf Children
Schoolingg For Deaf Children Makingg a Difference ff in Malawi
Slide 30: Ensuring Health Services
Ensuring Health Services Makingg a Difference ff in Malawi
Slide 31: Improving Hospital Conditions
Improving Hospital Conditions Makingg a Difference ff in Malawi
Slide 32: Doctor Training in Perth
Doctor Training in Perth Makingg a Difference ff in Malawi
Slide 33: Agricultural Training
Agricultural Training Makingg a Difference ff in Malawi
Slide 34: Ensuring Food Security
Ensuring Food Security Makingg a Difference ff in Malawi
Slide 35: Ensuring Water Security
Ensuring Water Security Makingg a Difference ff in Malawi
Slide 36: Fostering Cultural Events
Fosteringg Cultural Events Makingg a Difference ff in Africa
Slide 37: Promoting Sport Events
Promoting Sport Events Makingg a Difference ff in Malawi
Slide 38: Supporting Local Leaders
Supporting Local Leaders Makingg a Difference ff in Malawi
Slide 39: Education Through Theatre
Education Through Theatre Makingg a Difference ff in Malawi
Slide 40: Proposed New Malawi Banknote
Proposed New Malawi Banknote Makingg a Difference ff in Malawi
Slide 41: Making a Difference in Namibia
Making a Difference in Namibia
Slide 42: Support for Disadvantaged Youth
Support for Disadvantaged Youth Makingg a Difference ff in Namibia
Slide 43: Children's Feeding Programme
Children’s Feeding Programme Makingg a Difference ff in Namibia
Slide 44: Sponsoring Youth and Sport
Sponsoring Youth and Sport Makingg a Difference ff in Namibia
Slide 45: Support For Namib Desert Research
Support For Namib Desert Research Makingg a Difference ff in Namibia
Slide 46: Making a Difference in Niger
Makingg a Difference ff in Niger
Slide 47: Fostering Relationships
Fostering Relationships Makingg a Difference ff in Niger
Slide 48: In Conclusion ....
In Conclusion .... Paladin is at the forefront of Australian companies developing African resources. Paladin has the expertise and experience to deliver highly valued and cost‐effective social programmes. Paladin Paladin’ss approach has been hailed as a model for resource developers in the Thi
Slide 49: Closing Remarks
Closing Remarks JOHN BORSHOFF M Managing i DiDirector t / CEO
Slide 50: Paladin
Paladin • Listed on Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges • Market Cap: A$3.01bn/US$2.98bn • Cash at Hand: US$275M (as of end Sept 2010) • Issued Capital: 723M shares - US$325M in CB due April 2013 - US$300M in CB due Nov 2015 • Shareholding: International shareholder ba
Slide 51: A Tier I Global Uranium Producer
A Tier I Global Uranium Producer right time/right activities Multi-staged parallel activities—developing a complete company • Sustained production Langer Heinrich Stage 2 (3.7Mlb pa) • Ramping up production Kayelekera commercial production achieved, 90% nameplate l t • Immediate Expansion Langer Hei
Slide 52: 4 Year Production Outlook
4 Year Production Outlook 15 14 13.8 12.8 13 Stage 4 Actual Forecast 12 11 Stage 3 10.0 10 9.0 9 8.5 Mlb 8 77.00 + U3O8 7 6 5 4.3 4 3 2.70 2 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 + Stage 3 unquantified ramp up contribution Ka
Slide 53: Project Pipeline
Project Pipeline assets acquired & projects developed Niger
Slide 54: Uranium Producer Ranking 2009 to 2010
Uranium Producer Ranking 2009 to 2010 Paladin to 8th Uranium Production Calendar Year 2009A 2010F Rank Company p y Mlb U3O8 Mlb U3O8 1 KAZATOMPROM 19.3 25.0 2 CAMECO 20.8 22.0 3 RIO TINTO (ERA + Rossing) 19.2 18.2 4 ARMZ (+Uranium One) 15.6 16.4 5 Areva A 15 15 0 15.0 6 NAVOI 6.3 6.4 7 BHPB 7.9 6.2
Slide 55: Conclusion
Conclusion differentiating d e e a g fromo the e rest es Key Takeaway: Non-Aligned Pure Uranium Producer with Strong Growth Upside and Proven Track Record OUTLOOK • Priority y focus on meeting g production p objectives j • Maintaining strong organic production growth profile • Resource upgrades to s
Slide 56: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD
Slide 57: Proxy Votes
Proxy Votes For Against Abstain Open Usable R Resolution l ti 1 – Remuneration R ti R Reportt 362 358 799 362,358,799 17 250 949 17,250,949 2 473 722 2,473,722 222 643 222,643 Resolution 2 – Re-election of Rick Crabb 363,643,331 3,188,958 11,793,775 233,020 Resolution 3 – Election of Peter Donkin as
Slide 58: Paladin Energy Ltd
PALADIN PALADIN ENERGY LTD