Orvana Minerals Corp. · TSX:ORV
Orvana Minerals — Shareholder Meeting (February 2013)
31 slides from Orvana Minerals's shareholder meeting presentation, Feb 28, 2013
Slide 1: Orvana Minerals Corp. – Growing Forward
ORVANA MINERALS CORP. GROWING FORWARD
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward- looking statements”). Any statements that express or involve discussions with respect to predictions, ex
Slide 3: Bill Williams, President and CEO
BILL WILLIAMS President and CEO
Slide 4: 2012: A Year of Progress, Future Growth Drivers
2012: A Year of Progress Future Growth Drivers EVBC, Spain
Slide 5: Daniella Dimitrov and Jim Jacques
DANIELLA DIMITROV Chief Financial Officer JIM JACQUES Chief Operating Officer
Slide 6: Agenda
AGENDA Management Team 2102 Accomplishments Operations Financial Overview Shareholder Value
Slide 7: Experienced Management Team In Place
Experienced Management Team In Place Daniella Dimitrov, Chief Financial Officer Joined in June: 18+ years of capital markets experience Jim Jacques, Chief Operating Officer Promoted from Vice President, Operations 25+ years of underground mining experience Francisco Fimbres, Director General, EVBC,
Slide 8: El Valle-Boinás/Carlés, Spain
El Valle-Boinás/Carlés, Spain Commercial production August 2011 Maximize mill output Improve head grade Spain 10+ Year mine life
Slide 9: UMZ Mine, Bolivia
UMZ Mine, Bolivia Commenced production January 2012 2013: first full year of production Mine improvements Bolivia Ongoing recovery improvements Mine life beyond 2018
Slide 10: Copperwood, Michigan
Copperwood, Michigan Major milestone: Wetlands permit granted Shovel ready Fully “de-risked” Potential to drive shareholder value Michigan
Slide 11: Resource/Reserves
Resource/Reserves Measured and Indicated Resources (Includes Reserves) GOLD oz. COPPER lbs. SILVER oz. 1.5 Million 2.1 Billion 14.2 Million Inferred Resources 1.2 Million 1.2 Billion 1.3 Million 2.7 Million 3.3 Billion 15.5 Million
Slide 12: Orvana's Total Production
Orvana’s Total Production Fiscal 2012 ended September 30 GOLD oz. COPPER lbs. SILVER oz. 55,929 15.4 Million 716,280 Fiscal Q1 2013 17,759 4.4 Million 233,452
Slide 13: F2012 Revenue By Commodity
F2012 Revenue By Commodity 12% GOLD 32% 56% SILVER COPPER
Slide 14: Jim Jacques, Chief Operating Officer
JIM JACQUES CHIEF OPERATING OFFICER
Slide 15: Focus on Improved Productivity
Focus on Improved Productivity EVBC UMZ COPPERWOOD Spain Bolivia Michigan
Slide 16: EVBC, Spain
EVBC, Spain 2012: first full year of production Boinás deposits: skarn and higher-grade gold epithermal mineralization Carlés deposits: skarns New 420-meter shaft Operational Cost optimization Improve efficiencies
Slide 17: EVBC Production
EVBC Production Fiscal 2012 ended September 30 GOLD oz. COPPER lbs. SILVER oz. 42,864 3.95 Million 117,113 Fiscal Q1 2013 13,949 1.3 Million 42,877 Estimated Fiscal 2013 63,000 6.0 Million 200,000
Slide 18: EVBC Optimization
EVBC Optimization Continue to maximize mill output Enhance recoveries Seek improved head grade Increase gold production Lower cash costs
Slide 19: UMZ Mine Optimization
UMZ Mine Optimization Metallurgical complexity Plant at > 90% availability Enhance recoveries Lower cash costs Increase metals production
Slide 20: UMZ Production
UMZ Production Fiscal 2012 ended September 30 GOLD oz. COPPER lbs. SILVER oz. 13,065 11.4 Million ~600,000 Fiscal Q1 2013 3,810 3.0 Million 190,575 Estimated Fiscal 2013 12,000 12.0 Million 650,000
Slide 21: UMZ Cash Costs
UMZ Cash Costs* Fiscal 2012 ended September 30 GOLD per oz. COPPER per lb. SILVER per oz. ~$1,000 $2.00 $20 *co-product cash costs
Slide 22: Copperwood Permits Granted
Copperwood Permits Granted Michigan Department of Environmental Quality Part 632 Mining Air-Quality Endangered Species National Pollutant Discharge Elimination System Wetlands (Part 303) Inlands Lakes and Streams (Part 301)
Slide 23: Daniella Dimitrov, Chief Financial Officer
DANIELLA DIMITROV Chief Financial Officer
Slide 24: Financial Summary
Financial Summary Years ended September 30, US$ ‘000s 2012 2011 Revenue $ 140,917 $ 25,085 Gross Margin 42,326 2,716 *Adjusted EBITDA 44,450 (6,925) *Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Share excludes the unrealized gains and losses on the revaluation of the Company’s fina
Slide 25: Financial Summary
Financial Summary Three months ended December 31, US$ ‘000s Q1 2013 Q1 2012 Revenue $ 34,028 $ 15,373 Gross Margin 11,386 354 *Adjusted EBITDA 10,760 438 *Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Share excludes the unrealized gains and losses on the revaluation of the Company’s
Slide 26: Financial Summary
Financial Summary Years ended September 30, US$ ‘000s except per share amounts 2012 2011 Adjusted Net Income* $ 15,474 $ (12,671) Adjusted Earnings per Share* $ 0.11 $ (0.11) *Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Share excludes the unrealized gains and losses on the revalua
Slide 27: Financial Summary
Financial Summary Three months ended December 31, US$ ‘000s except per share amounts Q1 2013 Q1 2012 Adjusted Net Income* $ 4,341 $ (3,254) Adjusted Earnings per Share* $ 0.03 $ (0.02) *Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Share excludes the unrealized gains and losses on t
Slide 28: Financial Summary
Financial Summary As at September As at December US$ ‘000s 30, 2012 31, 2012 Short Term Debt $ 11,752 $ 18,787 Long Term Debt* 60,438 57,671 Total Debt 72,190 76,458 Net Debt 44,911 40,813 Shareholders’ Equity $ 125,814 $ 139,561 *$52,990 as at February 28, 2013
Slide 29: Improve Production, Increase Margins, Reduce Debt
Improve Production Increase Margins Reduce Debt
Slide 30: Orvana's 2013 Estimated Production
Orvana’s 2013 Estimated Production Fiscal 2013 ended September 30 GOLD oz. COPPER lbs. SILVER oz. 75,000 18.0 Million 850,000 Our long-term focus is to utilize future cash flow and mining capabilities to build long-term value for our shareholders
Slide 31: Orvana Minerals Corp. – Growing Forward
ORVANA MINERALS CORP. GROWING FORWARD
Orvana Minerals — Shareholder Meeting (February 2013) on 6ix