Jubilee Metals Group Plc · LSE:JLP
Jubilee Metals — H1 FY2023 Earnings Presentation
16 slides from Jubilee Metals's earnings presentation, Mar 20, 2023
Slide 1: Pursuing Responsible Growth
Pursuing Responsible Growth H1 FY2023 Results Presentation 20 March 2023
Slide 2: Disclaimer
Disclaimer Important Notice: All reasonable care has been taken to ensure that the facts stated in these presentation The distribution of these presentation materials in other jurisdictions may be restricted materials are accurate and that any forecasts, opinions and expectations contained by law, a
Slide 3: Agenda
Agenda Introduction 4 Financial Review 6 Operational Review 9 South Africa 10 Zambia 12 Looking Ahead 15 Jubilee Metals Group — Interim Results 2023 3
Slide 4: Diversified, leading metals producer
Diversified, leading metals producer Overview: Jubilee Metals Diversified metals recovery Turning waste to value business Implementing environmentally conscious metal recovery solutions PGM operations expanded to reach by processing historical waste annual capacity of 44 000 PGM oz; 1,2 materials mi
Slide 5: FY2023 - Prospects
FY2023 - Prospects PGM (oz) Own Capacity** Chrome conc (t) Capacity FY2023 50 000 44 000 1400 000 FY2022 FY2023 FY2022 1200 000 1200 000 40 000 1200 000 35 000 FY2021 1000 000 FY2021 30 000 25 000 720 000 800 000 20 000 600 000 400 000 10 000 200 000 - - FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 Cop
Slide 6: Financial Review
Group Metals Jubilee © = 53 Fin
Slide 7: Financial overview
Financial overview Group revenue PGM & Cr sales Copper sales Revenue by product (%) H1 FY2023 £63.1 m £58 m £5.1 m Copper (H1 FY2022: £63.3 m) (H1 FY2022: £55 m) (H1 FY2022: £8.5 m) 8% PGM&Cr EBITDA ADJUSTED EBITDA 92% £10.3 m £11.8 m (H1 FY2022: £13.7 m) (H1 FY2022: £14.9 m) H1 FY2022 Net cash flow
Slide 8: H1 FY2023 South Africa
H1 FY2023 South Africa Commodity Prices PGM Basket Chrome Concentrate US$ 1 453 per PGM oz US$ 262 per T - 11% + 25% H1 FY2022 US$ 1 632 per PGM oz H1 FY2022 US$ 208 per T Copper Metal Cobalt Metals – current period US$ 6 893 per tonne US$ 34 180 per tonne - 28% H1 FY2022 US$ 9 527 per tonne FY2022
Slide 9: Operational Review
Jubilee YO Metals Group Operational Review
Slide 10: H1 FY2023 South Africa
H1 FY2023 South Africa PGM Production PGM & chrome production in line with expectations 18 208 PGM ounces • Expanded PGM Operations delivered 18 208 PGM oz despite increased power outages 100% own operations • Increase of 20% from own operations H1 FY2022 15 152 PGM ounces • Net cost per PGM ounce n
Slide 11: South Africa – outlook
South Africa – outlook • Full-year guidance: • 38 000 PGM ounces from own production for FY2023 • Option to add a further 8 000 PGM ounces from third- party processing agreements • Eastern Limb PGM and chrome expansion targeting to commence construction Q4 CY2023 • 6 months to complete chrome benefi
Slide 12: H1 FY2023 Zambia
H1 FY2023 Zambia Ramp-up of Roan operations back on track • Initial delay of of Roan Concentrator ramp-up due to infrastructure challenges - resolved • New water infrastructure completed Dec 2022 • Upgraded power infrastructure Feb 2023 • New power plan improved power security • Resulted in copper p
Slide 13: H1 FY2023 Zambia
H1 FY2023 Zambia Simplified expansion strategy with Roan expansion • Roan to become a central processing facility extending to the Northern Refining Strategy: • New upgraded infrastructure offers the potential to more than double the capacity of the existing 780 000 tonne per annum processing capaci
Slide 14: Zambia – outlook
Zambia – outlook Full year guidance • Copper guidance adjusted to 3 000 tonnes, revised to • Flexibility is used at all times to maximise copper align with delayed ramp-up of Roan Concentrator and equivalent production units commercialisation of the Southern Copper Refining project • Southern Copper
Slide 15: Looking Ahead
Looking Ahead Continued growth and expansion • Consolidate operational performance of the Southern Copper and Cobalt operations producing cobalt and copper from perceived waste and discard materials • 12 000 tpa copper operational footprint together with the new enlarged cobalt circuit currently at
Slide 16: Thank You
Jubilee YO Metals Group THANKYOU gs
Jubilee Metals Group — H1 FY2023 Earnings Presentation on 6ix