Corporate Presentation Anglo Pacific Group PLC September 2014
Important disclaimer Certain statements in this presentation, other than statements of historical fact, are forward-looking statements By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and based on certain assumptions and reflect the expectations of Anglo Pacific Group PLC (the “Company”) and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove views of future events. Forward- looking statements (which include the phrase “forward - looking information” to be accurate; that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of material factors, many of which are beyond the Company’s control, affect the operations, within the meaning of Canadian securities legislation) are provided for the purposes of assisting the reader in understanding the Company’s financial position and results of operations as at and for the periods ended on performance and results of the Company, its businesses and investments, and could cause actual results to certain dates, and to present information about management’s current expectations and plans relating to the differ materially from those suggested any forward-looking information. For additional information with respect to such risks and uncertainties, please refer to the ‘Risk Factors’ section of our most recent Annual Information future. Readers are cautioned that such forward-looking statements may not be appropriate for other purposes Form available on www.sedar.com and the Group’s website www.anglopacificgroup.com, and also to the than outlined in this presentation. These statements may include, without limitation, statements regarding the ‘Principal risks and uncertainties’ section of our most recent Annual Report, which is also available on our operations, business, financial condition, expected financial results, cash flow, requirement for and terms of website. If any such risks actually occur, they could materially adversely affect the Company’s business, financial additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of the Company including the outlook for the markets and economies in which the Company condition or results of operations. The reader is cautioned to consider these and other factors, uncertainties and operates, costs and timing of acquiring new royalties, mineral reserve and resources estimates, estimates of potential events carefully and not to put undue reliance on forward-looking statements.This presentation also future production, production costs and revenue, future demand for and prices of precious and base metals and contains forward-looking information contained and derived from publicly available information regarding properties and mining operations owned by third parties. The Company’s management relies upon this forward - other commodities, for the current fiscal year and subsequent periods. In addition, statements relating to “reserves” or “resources” are forward looking statements, as they involve implied assessment, based on certain looking information in its estimates, projections, plans, and analysis. estimates and assumptions, that the resources and reserves described can be profitably produced in the future. Although the forward-looking statements contained in this presentation are based upon what the Company Forward-looking statements include statements that are predictive in nature, depend upon or refer to future believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, forward-looking statements. The forward-looking statements made in this presentation relate only to events or “intends”, “targets”, “projects”, “forecasts”, or negative versions thereof and other similar expressions, or future or information as of the date on which the statements are made and, except as specifically required by law, the conditional verbs such as “may”, “will”, “should”, “would” and “could”. Forward -looking statements are based Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a upon certain material factors that were applied in drawing a conclusion or making a forecast or projection, result of new information, future events or otherwise, after the date on which the statements are made or to including assumptions and analyses made by the Company in light of its experience and perception of historical reflect the occurrence of unanticipated events. trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. The material factors and assumptions upon which such forward-looking This presentation contains reference to past prices of and/or yields on the Company’s shares. Readers are statements are based include: the general economy is stable; local governments are stable; interest rates are reminded that past performance cannot be relied on as a guide to future performance. 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 manner consistent with past practice; the accuracy of reserve and resource estimates, grades, mine life and As a royalty holder, the Company often has limited, if any, access to non-public scientific and technical cash cost estimates; the accuracy of public statements and disclosures made by the owners or operators of such information in respect of the properties underlying its portfolio of royalties, or such information is subject to underlying properties; no material adverse change in the market price of the commodities that underlie the confidentiality provisions. As such, in preparing this presentation, the Company has relied upon the public Company’s portfolio of royalties and investment interests; no adverse development in respect of any significant disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the property in which the Company holds a royalty or other interest; the successful completion of new development date of this presentation. projects; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; planned expansions or other projects within the timelines anticipated and at anticipated This presentation is for informational purposes only. This presentation is not a prospectus and does not production levels; and title to mineral properties. constitute or form part of any offer, invitation or recommendation in respect of securities, or an offer, invitation, recommendation to sell, or a solicitation of any offer to buy, securities. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties 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 corporate overview Corporate Information The only natural resource royalty company listed in London » Ticker APF (LSE), APY (TSX) Share price (1) 161p Dual listing: LSE (Premium Listing) and TSX » Market capitalisation (2) £184m Cash (3) £14m Strong existing asset base from which to develop the business » Revolving credit facility (undrawn) £9m » Portfolio includes royalties on six operations that are 2013A Dividend per share 10.2p producing Dividend yield (4) 6.3% » Diversified commodity exposure across coking coal, iron Shareholders (5) ore, gold, vanadium and uranium Directors 9.0% Key royalty asset in Kestrel, a Tier 1 coking and thermal coal » Liontrust Investment Partners 6.2% mine in Australia operated and majority-owned by Rio Tinto Aberforth Partners 5.6% Schroder Investment Management 4.7% New royalty acquisitions and Kestrel expected to drive royalty » AXA Investment Management 4.7% income growth over the coming years T.Rowe Price 1.2% Total number of shareholders ~2,500 (1) Bloomberg (as at market close on 9 September 2014) (2) Based on ~116.4m ordinary shares outstanding (as at 9 September 2014) (3) Anglo Pacific H1 2014 results announcement (as at 30 June 2014) (4) Based on 2013A dividend and market close on 9 September 2014 (5) Director holdings as disclosed to the Group as of 12 September, 2014. Substantial holdings as per Group notifications of interests of 3% or more in the share capital of the Company as of 6 June, 2014. T.Rowe Price holdings as per RDIR research report dated 4 June 2014 2 Anglo Pacific Group PLC
Anglo Pacific investment highlights 12-year track record of shareholder dividends Potential for higher returns vs. precious metal royalty strategies Focus on bulk materials, base metals and energy – will opportunistically consider other commodities Overhead costs decoupled from royalty income growth ” Strong foundation with existing royalty portfolio Experienced management opening up new investment opportunities To create a leading international diversified royalty company ” M I S S I O N S T A T E M E N T 3 Anglo Pacific Group PLC
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