OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 14 29 - PDF document

OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 14 29 May 2020 ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam OM HOLDINGS LIMITED (“OMH”) INVESTOR PRESENTATION Please find attached a copy of the OMH Investor Presentation delivered at the Annual General Meeting on 29 th May 2020. Yours faithfully OM HOLDINGS LIMITED Heng Siow Kwee/Julie Wolseley Joint Company Secretary This ASX announcement was authorised for release by the Board of OM Holdings Limited. Further enquiries please contact: Ms Jenny Voon Tel: +65 6346 5515 Email: investor.relations@ommaterials.com 10 Eunos Road 8, #09-03A Singapore Post Centre, Singapore 408600 Tel: 65-6346 5515 Fax: 65-6342 2242 Email address: om@ommaterials.com Website: www.omholdingsltd.com ASX Code: OMH 1

1 OM H OLDINGS L IMITED Australia • China • Japan • Malaysia • Singapore • South Africa May 2020 • Annual General Meeting • ASX:OMH

2 DISCLAIMER This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 (“OMH”) . This presentation contains summary information about OMH. The information in this presentation does not purport to be complete or to provide all information that an investor should consider when making an investment decision. It should be read in conjunction with OMH‘s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange which are available at www.asx.com.au. This presentation contains "forward‐looking" statements within the meaning of securities laws of applicable jurisdictions. Forward‐looking statements can generally be identified by the use of forward‐looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", "continue", "objectives", "outlook", "guidance" or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward‐looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of OMH, and its directors, officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward‐looking statements and the assumptions on which those statements are based. Readers are therefore cautioned not to place undue reliance on forward‐looking statements and OMH, other than required by law, assumes no obligation to update such information. OMH makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omissions from, any information, statement or opinion contained in this presentation. This presentation is for information purposes only and is not a financial product or investment advice or a recommendation to acquire (or refrain from selling) OMH shares. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. OMH is not licensed to provide financial product advice, either generally or in respect of OMH shares.

3 O UR O PERATIONS Exploration & Mining Smelting & Sintering Marketing & Trading Bootu Creek - Australia Qinzhou - China (100%) Singapore/China (100%) (100%) Mn alloy: 80kpta Global sales and procurement Manganese ore: 0.8 Mtpa Sinter ore: 300ktpa Manganese ore, Ferrosilicon, Silicomanganese, Ferromanganese, Quartz, Reductants (coke, coal), Fe Tshipi Borwa - South Africa Sarawak - Malaysia (75%*) units (13%*) Mn alloy: 250-300ktpa Manganese ore: 3.0-3.6 Mtpa Ferrosilicon: 200-210ktpa Sinter ore: 250ktpa (estimated production capacity) * Effective interest held via J/V with * J/V with conglomerate Cahya Mata Ntsimbintle (a BEE group) Sarawak, listed on Bursa Malaysia

4 C OMPANY S NAPSHOT Integrated mining and smelting Group, major bulk ferroalloy producer Issued Shares 738.6 million shares $2.00 Share Share Price Performance Share Price A$ 0.375 Graph to be $1.50 Metrics updated again 52 weeks Low / High A$ 0.24 / A$ 0.975 (as at 25 th $1.00 May 2020) Market Capitalization A$ 277 million $0.50 Debt $0.00 Total Borrowings A$ 473.9 million (FY 2019) Cash Cash & Cash Equivalent A$ 48.9 million (FY 2019) Largest Shareholders (as at 14 th May 20) Huang Gang and Newtimes Marine Co Ltd Enterprise Value A$ 750.9 million 14.03% Marc Chan, Amplewood Resources Ltd and Adj. EBITDA * (FY 2019) 13.57% A$ 154.4 million Parfield International Ltd Earnings EPS (FY 2019) A$0.0769 Low Ngee Tong & Key 9.22% EV : Adj. EBITDA 4.86x Ratios Heng Siow Kwee and Dino Company Ltd 8.93% PER 4.88x *Adjusted EBITDA is defined as operating profit before depreciation and amortisation, impairment write-back/expense, net finance costs, income tax and other non-cash items. Adjusted EBITDA is not a uniformly defined measure and other companies in the mining industry may calculate this measure differently. Consequently, the Group’s presentation of Adjusted EBITDA may not be readily comparable to other companies’ disclosures

5 FY2019 F INANCIAL H IGHLIGHTS Revenue Loan Repayment Cashflow from Operations A$1.03b A$74m A$98.7m FY18 A$1.5b FY18 A$43m FY18 A$179.6m EBITDA Gearing Ratio Profit per share A$154.5m 0.93x 7.69 cents FY18 $339.7m FY18 1.14x FY18 22.05 cents

6 A CHIEVED A$154.5 M OF EBITDA IN FY2019 Sustained positive performance despite temporary disruptions and market headwinds Group Adjusted EBITDA (1) Revenue Breakdown by Geography $400 Revenue: A$1.03b $350 17% $300 31% $250 4% $200 A$ million 8% $150 4% $100 5% $50 31% $0 FY2017 FY2018 FY2019 -$50 East Asia ex China China Oceania + SEA South Asia Mining Smelting Trading Europe Middle East Others Associates D&A (2) Others (1) Adjusted EBITDA is defined as operating profit before depreciation and amortisation, impairment write-back/expense, net finance costs, income tax and other non-cash items. Adjusted EBITDA is not a uniformly defined measure and other companies in the mining industry may calculate this measure differe ntly. Consequently, the Group’s presentation of Adjusted EBITDA may not be readily comparable to other companies’ disclosures. (2) Inclusive of depreciation and amortization charges recorded through cost of sales.

7 G EARING R ATIO L OWEST IN 6 Y EARS Ability to service debt even during challenging market circumstances • Repaid ~ A$20.9 million in 1Q 2020 Net Debt Gearing Ratio $700 against Sarawak Project Finance 5.00 4.76 • Net Debt / EBITDA of 2.75 times • $600 Continue to focus on paying down debt 4.00 $500 3.05 3.00 $400 $300 2.00 1.77 $200 1.14 1.00 0.93 $100 $0 - 2015 2016 2017 2018 2019 Net Debt : Total Borrowing – Cash & Cash Equivalent Gearing Ratio: Total Debt / Total Equity

8 C ASH G ENERATION FROM O PERATIONS Cashflow allows for organic growth and ability to service loans Net Cashflow from Operating Activities $200 $150 Sustainable cashflow from A$ million operating activities over the years $100 allows for organic growth and $50 ability to service loans $0 2015 2016 2017 2018 2019 -$50 CAPEX expenditure in FY2019: Cash and Cash Equivalent FY2019 • Ultrafines plant, Sinter plant $200 • Infrastructure expansion such as sheltered warehouses $150 A$ million $100 Financing activities: $50 • Repayment of project finance and other debts $0 • Interest payments Cash B/F Net CFO Net CFI Net CFF Cash C/F • Dividend payments

9 C HALLENGING P RICE E NVIRONMENT Sustained outputs and high inventories put pressure on prices FeSi Production Mn Ore Index Ore Inventory USD/mt (‘000s mt) USD/dmtu (millions mt) $10 Manganese Ore Index 5.0 $2,100 600 Chinese FeSi Production Japan FeSi Index $9 4.5 $1,900 Japan SiMn Index 500 $1,400 $8 4.0 $1,700 $1,200 $7 3.5 400 $1,500 $6 3.0 $1,000 $1,300 300 $5 2.5 $800 $4 2.0 $1,100 $600 200 $3 1.5 $900 $2 1.0 100 $700 $1 0.5 Chinese Ports Ore Inventory $500 0 $0 0.0 Source: Various publications

10 COVID-19: E MERGENCE AND R ESPONSE Employee Safety Business Continuity Supply Chain & Markets Rolled out safety preventive measures: - Additional storage capabilities gives flexibility • Increased hygiene standards, sharing best - Enhanced trade terms for risk management practices with all employees - Expand market coverage to make up for lost sales • Daily temperature screening and disinfection Conserving Cash • Physical distancing at the workplace - Extending maintenance, marginally reduce cash • Split-teams / work-from-home where possible outflows • Travel restrictions / bans where applicable - Delay / defer CAPEX intensive projects • Full compliance with all regulations from local Smelting jurisdictions (China, Singapore, Australia, - Extending maintenance, marginally reduce cash Japan) outflows - Continue to monitor global demand Mining - COVID-19 Management Plan approved by NT government