Corporate Presentation Anglo Pacific Group PLC May 2015
Important disclaimer Certain statements in this presentation, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the expectations of Anglo Pacific Group PLC (the “Company”) and views of future events. Forward-looking statements (which include the phrase By its nature, this information is subject to inherent risks and uncertainties that may be general or “forward - looking information” within the meaning of Canadian securities legislation) are provided for specific and which give rise to the possibility that expectations, forecasts, predictions, projections or the purposes of assisting the reader in understanding the Company’s financial position and results of conclusions will not prove to be accurate; that assumptions may not be correct and that objectives, operations as at and for the periods ended on certain dates, and to present information about strategic goals and priorities will not be achieved. A variety of material factors, many of which are management’s current expectations and plans relating to the future. Readers are cautioned that such beyond the Company’s control, affect the operations, performance and results of the Company, its forward-looking statements may not be appropriate for other purposes than outlined in this businesses and investments, and could cause actual results to differ materially from those suggested presentation. These statements may include, without limitation, statements regarding the operations, any forward-looking information. For additional information with respect to such risks and business, financial condition, expected financial results, cash flow, requirement for and terms of uncertainties, please refer to the ‘Risk Factors’ section of our most recent Annual Information Form additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, available on www.sedar.com and the Group’s website www.anglopacificgroup.com, and also to the strategies, growth and outlook of the Company including the outlook for the markets and economies in ‘Principal risks and uncertainties’ section of our most recent Annual Report, which is also available on which the Company operates, costs and timing of acquiring new royalties, mineral reserve and our website. If any such risks actually occur, they could materially adversely affect the Company’s resources estimates, estimates of future production, production costs and revenue, future demand for business, financial condition or results of operations. The reader is cautioned to consider these and and prices of precious and base metals and other commodities, for the current fiscal year and other factors, uncertainties and potential events carefully and not to put undue reliance on forward- subsequent periods. In addition, statements relating to “reserves” or “resources” are forward looking looking statements.This presentation also contains forward-looking information contained and derived statements, as they involve implied assessment, based on certain estimates and assumptions, that the from publicly available information regarding properties and mining operations owned by third parties. resources and reserves described can be profitably produced in the future. The Company’s management relies upon this forward -looking information in its estimates, projections, plans, and analysis. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, Although the forward-looking statements contained in this presentation are based upon what the “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, or negative versions thereof and other Company believes are reasonable assumptions, there can be no assurance that actual results will be similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. consistent with these forward-looking statements. The forward-looking statements made in this Forward-looking statements are based upon certain material factors that were applied in drawing a presentation relate only to events or information as of the date on which the statements are made and, conclusion or making a forecast or projection, including assumptions and analyses made by the except as specifically required by law, the Company undertakes no obligation to update or revise Company in light of its experience and perception of historical trends, current conditions and expected publicly any forward-looking statements, whether as a result of new information, future events or future developments, as well as other factors that are believed to be appropriate in the circumstances. otherwise, after the date on which the statements are made or to reflect the occurrence of The material factors and assumptions upon which such forward-looking statements are based include: unanticipated events. the general economy is stable; local governments are stable; interest rates are relatively stable; equity and debt markets continue to provide access to capital; the ongoing operations of the properties underlying the Company’s portfolio of royalties by the owners or operators of such properties in a This presentation contains reference to past prices of and/or yields on the Company’s shares. Readers manner consistent with past practice; the accuracy of reserve and resource estimates, grades, mine life are reminded that past performance cannot be relied on as a guide to future performance. and cash cost estimates; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the As a royalty holder, the Company often has limited, if any, access to non-public scientific and technical commodities that underlie the Company’s portfolio of royalties and investment interests; no adverse information in respect of the properties underlying its portfolio of royalties, or such information is development in respect of any significant property in which the Company holds a royalty or other subject to confidentiality provisions. As such, in preparing this presentation, the Company has relied interest; the successful completion of new development projects; the accuracy of publicly disclosed upon the public disclosures of the owners and operators of the properties underlying its portfolio of expectations for the development of underlying properties that are not yet in production; planned royalties, as available at the date of this presentation. expansions or other projects within the timelines anticipated and at anticipated production levels; and title to mineral properties. This presentation is for informational purposes only. This presentation is not a prospectus and does not constitute or form part of any offer, invitation or recommendation in respect of securities, or an offer, Forward-looking statements are not guarantees of future performance and involve risks, uncertainties recommendation to sell, or a solicitation of any offer to buy, securities. and assumptions, which could cause actual results to differ materially from those anticipated, estimated or intended in the forward-looking statements. 1 Anglo Pacific Group PLC
Anglo Pacific overview Description Corporate Information Anglo Pacific is the only natural resource royalty company listed on the » Ticker APF (LSE), APY (TSX) London Stock Exchange and is also listed on the Toronto Stock Exchange Strong position from which to expand asset base » Current share price (2) 99.5p Royalties on six producing operations » Diversified commodity exposure across coking coal, thermal coal, iron » Market capitalisation (3) £169m (~$251m) ore, gold, vanadium and uranium Key royalty asset in Kestrel, a low cost predominantly coking coal mine in Cash (4) » £6.5m Australia operated and majority-owned by Rio Tinto Kestrel is expected to increase production to 5.7 Mt per year in the next Net Assets (5) £161m » 9 to 15 months (1) Undrawn revolving credit facility (6) £16m Historical Kestrel royalty revenue totals A$252 million (2000-13) » Near-term royalty income expected to be driven by Kestrel and new » Non-core mining, exploration interests and £6.8m royalties receivables (7) New progressive dividend policy with medium term absolute dividend » 2014A Dividend per share 8.45p target of 8.0p and an intended longer term policy of paying dividends representing a minimum of 65% of adjusted earnings (1) Rio Tinto Energy Roundtable, December 2014 (2) Bloomberg (as at 21 April 2015) (3) Based on ~169.9m ordinary shares outstanding (as at 21 April 2015) (4) As at 31 March 2014 (5) As at 31 December 2014 (6) US$30 million revolving secured credit facility with US$6 million drawn at 31 March 2015 (7) As at 31 March 2015 2 Anglo Pacific Group PLC
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