Altius Minerals Corporation · TSX:ALS
Altius Minerals — Shareholder Meeting (May 2022)
21 slides from Altius Minerals's shareholder meeting presentation, May 13, 2022
Slide 1: Annual General Meeting May 13, 2022
TSX: ALS | OTCQX: ATUSF Annual General Meeting May 13, 2022 Coal to Renewable Power | Clean Steel | Potash | Copper | Lithium | Nickel | Cobalt
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- Forward-looking statements speak only as of the date those statements looking statements” and “forward-looking information” within the are made. Except as required by applicable law, Altius does not assume
Slide 3: Sustainable Natural Resource Royalty Leader
Sustainable Natural Resource Royalty Leader Enabling Change While Delivering Strong Returns For Shareholders Invested in Key Sustainability Based Growth Trends Specialized in long-life royalties on natural resources that are Renewable Energy Projects support the decarbonization of Power Generation e
Slide 4: Altius's Long-Term, Counter-Cyclical Royalty Growth Focus
Altius’s Long-Term, Counter-Cyclical Royalty Growth Focus Disciplined Royalty Acquisition History Cycle I Cycle II (Super-Cycle) Cycle III Royalty Acquisition Interpreted Cyclical Position $1.19/share $1.14/share $1.03/share Potash, Thermal (Electrical) Coal $0.81/share $0.61/share Potash Renewable
Slide 5: Revenue to Date, NAV Relative to Purchase Price
Revenue to Date, NAV Relative to Purchase Price Acquisition Purchase Realized Net Curent NAV Realized Revenue Historic Acquisition (Note 3) Date Price (Note 1) Revenue (Note 2) (Analyst Average) & NAV Voisey's Bay 2003 $13.6 million $38.3 million $17 million $55.3 million Chapada Stream 2016 $76.8 m
Slide 6: Royalty Revenue Growth
Renewables Royalty Revenue Growth Renewables & Other Power generation & Other 4% Inflation Beneficiary Power generation 1% (coal dominant) 12% Copper (coal dominant) Copper 32% Iron Ore 17% 35% Copper 21% Ni-Zn-Cu Q1 2022 36% Structural demand accelerating for most of our Ni-Zn-Cu 8% Q1 2021 Royalty
Slide 7: Returns of Capital ($m)
Returns of Capital ($m) Dividends Share Buyback $13M $9M $6M $5M $2M $2M $8M $8M $9M $7M $7M $5M 2016 2017 2018 2019 2020 2021 TSX: ALS | OTCQX: ATUSF |7
Slide 8: Balance Sheet and Public Investment
Balance Sheet and Public Investment Debt PG Investments Cash ARR Equity $204M $190M $34M $62M $37M $28M $22M $133M $22M $115M $109M $117M $114M $35M $66M $16M $79M $66M $67M $44M $54M $54M $52M $56M $22M $33M $0M F 2016 F 2017 2017 2018 2019 2020 2021 Q1 2022 Net Debt: $28M $11M -$40M $33M $33M -$13
Slide 9: Renewable Energy
Renewable Energy (59% Owner of Altius Renewable Royalties) US$203M royalty financing deployment to date Expect to be cash flow positive in 2022 Operational Solar, 265MW Mid-stage Development, 1,685MW Operational Renewable Energy Megawatts Under Royalty 1 Wind, 395MW 3,510 MW Late-stage Development,
Slide 10: Summary of Operating and Development Stage Royalties
Summary of Operating and Development Stage Royalties Renewable Energy Facility Expected Property Project Originator Location Owner/Developer Status Royalty Basis Source Size COD Clyde River Great Bay Vermont Hydro Gravity Renewables 5 MW Operational N/A 10% of revenue Prospero 2 Longroad Energy Texa
Slide 11: Project Generation Business
Project Generation Business Royalty Pipeline Growth and Strong Cash Returns PG Junior Equities Portfolio Performance Exploration & Development Pipeline ($16M Net Sales in 2021) $44 Net Monetization Objectiv $67 Current Equities e Starting Equities Value ($MM) $22 Value ($MM) Apr 2016 March 2022 PG J
Slide 12: Potash – Growth in a Rising Price Environment
Potash – Growth in a Rising Price Environment US Midwest Avg. Price: $249/ST US Midwest Avg. Price: $504/ST $900 2020 Royalty Revenue: C$14.6 million 2021 Royalty Revenue: C$19.3 million $800 $800 $700 $700 $600 $600 $500 $500 $400 $400 $300 $300 $200 $200 $100 $100 $0 $0 Jan 20 Apr 20Jan 20 Jul Apr
Slide 13: Kami
Kami Iron Ore Iron Oxygen Impurities 17% Low Quality 58% 25% Iron to Impurities Ratio - 3.4:1 ‘Benchmark’ 11% 62% 27% Quality Iron to Impurities Ratio - 5.6:1 6% High-Quality 66% 28% Iron to Impurities Ratio - 11:1 The relative impurity content of 58% vs 66% grade iron ore is almost 3 times higher U
Slide 14: Curipamba
Curipamba TSX: ALS | OTCQX: ATUSF |14
Slide 15: Chapada and the Saúva Discovery
Chapada and the Saúva Discovery Chapada total copper in resources and reserves (all categories) has grown by 48% since our acquisition in 2016 and has never decreased YoY despite 8 years of steady mine production. Current mine life with no additional resources is presently 32 years. On Feb 10th, Lun
Slide 16: Chapada and the Saúva Discovery
Chapada and the Saúva Discovery A B FOR-135: 0.79% Cu and 1.06 g/t Au over 53.71m Including 1.27% Cu and 1.98 g/t Au over 17.95m FOR-115: 0.61% Cu and 0.70 g/t Au over 65.45m Including 1.26% Cu and 1.92 g/t Au over 18.41m FOR-135: 0.44% Cu and 0.11 g/t Au over 12.8m FOR-125: 0.41% Cu and 0.22 g/t Au
Slide 17: Voisey's Bay Upside
Voisey’s Bay Upside West-East Longitudinal Section Mine limit at 2034 TSX: ALS | OTCQX: ATUSF Source: Wheaton Precious Metals (2018) |17
Slide 18: Lithium Royalty Corporation
Lithium Royalty Corporation Construction at Sigma Lithium Grota do Cirilo project • Large portfolio built since co-founding investment made with strong cash flow build up projected • Dual track IPO/Corporate transaction process planned for later this year could crystallize significant value for Alti
Slide 19: Silicon
Silicon Inferred Resources at Silicon total 3.37 Moz gold. Mineralization remains open to the northwest, southeast and at depth, where, notably, high grade Current drilling on south side of Silicon, looking west veins are present. Silicon moved from Concept Study to PFS this year. Merlin appears to
Slide 20: Silicon
Silicon AngloGold Ashanti stated on May 9th that it’s new discovery at Silicon and the completion of the Corvus acquisition will “establish the largest new gold district in Nevada in recent years. This provides AngloGold Ashanti the opportunity to create, in the medium and longer term, a meaningful,
Slide 21: Flora Wood
Producing Project Royalties Generation Development Renewable Energy Royalties Portfolio Flora Wood Director, Investor Relations Phone: (416) 346-9020 Email: [email protected] TSX: ALS | OTCQX: ATUSF |21