Osisko Gold Royalties January 2016
Forward Looking Statements Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future events, developments or performance that Osisko (the “Corporation”) expect to occur including managements’ expectations regarding the Corporation’s growth, results of operations, estimated future revenues, requirements for additional capital, future demand for and prices of commodities, business prospects and opportunities are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions or variations (Including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, that all conditions precedent to the transaction will be met and the realization of the anticipated benefits deriving therefrom for shareholders of the Corporation, the view on (i) the quality and the potential of the Corporation’s assets, production forecasts for properties in which the corporation holds a royalty. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors and are not guarantees of future performance and actual results may accordingly differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, without limitation: fluctuations in the prices of the commodities that drive royalties held by the Corporation; fluctuations in the value of the Canadian dollar relative to the U.S. dollar; risks related to the operators of the properties in which the Corporation holds a royalty; development, permitting, infrastructure, operating or technical difficulties on any of the properties in which the Corporation hold a royalty or other interest; rate and timing of production differences from resource estimates or production forecasts by operators of properties in which the Corporation hold a royalty or other interest; risks and hazards associated with the business of exploring, development and mining on any of the properties in which the Corporation hold a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest; regulatory changes by national and local government, including corporate law, permitting and licensing regimes and taxation policies; regulations and political or economic developments in any of the countries where properties in which the Corporation hold a royalty or other interest are located or through which they are held); continued availability of capital and financing and general economic, market or business conditions; business opportunities that become available to, or are pursued by the Corporation; the impossibility to acquire royalties and to fund precious metal streams; other uninsured risks. The forward looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which the Corporation holds a royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; 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 commodities that underlie the asset portfolio; no adverse development in respect of any significant property in which the Corporation holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. For additional information on risks, uncertainties and assumptions, please refer to the Corporation’s most recent Annual Information Form filed on SEDAR at www.sedar.com. The Corporation cautions that the foregoing list of risk and uncertainties is not exhaustive. Investors and others who base themselves on the forward looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law. Safe Harbour Statement: This PowerPoint presentation has been prepared for informational purposes only in order to assist prospective investors in evaluating an investment in Osisko Gold Royalties Ltd. By accepting delivery of this confidential information or any other material in connection with an investment in the Company, the investor agrees: (1) to keep strictly confidential the contents of this confidential information presentation and such other material and not to disclose such contents to any third party or otherwise use the contents for any purpose other than evaluation by such offered of an investment in the securities; (2) not to copy all or any portion of this confidential PowerPoint presentation, other confidential information or any such other material. Inquiries regarding this confidential PowerPoint presentation can be made to the senior management of the Company.
A Leading Intermediate Royalty Company Two of the premier royalty assets in the gold sector Large new low-cost mines generating significant cash flow Long-life assets in mining camps with significant upside potential Senior company operators (incentive for mine expansion) Strong cash position and no debt: $304.1 M in cash & cash equivalents (1) - $150-200 M undrawn credit facility Total of 49 royalties 2,3 on development and exploration assets in Canada Ownership of 9.75% of the common shares of Labrador Iron Ore Royalty Corporation (“LIORC”) Large land packages with leading in-house exploration and development teams Quarterly dividend Alignment with large financial institutions Gold focused Management team has track record of value creation Two cornerstone assets create the new leading intermediate gold royalty company 1. As at September 30, 2015 3 2. Subject to closing of second portion of transaction with Teck Resources announced October 19, 2015 3. Subject to closing of royalty financing with Barkerville Gold Mines announced on November 30, 2015
Financial Position (C$ millions) Cash & Cash Equivalents 1 $304.1 Working Capital 1 $298.9 Debt -- Undrawn Credit Facility $150 - $200 Total Assets 1 $1,098.0 Shareholders’ Equity 1 $958.4 Strong cash position to pursue growth activities 1. As at September 30, 2015 4
Company Performance Market Capitalization (C$M) 1 129% Growth $1,284 $560 Since Inception Current 1 1. Based on January 18, 2016 closing price 5
A Leading Intermediate Gold Royalty Company James Bay Area Upper Beaver (2% NSR) 4,600 km 2 land position Ontario, Canada Quebec, Canada Status: Exploration Status: Exploration Éléonore (2.0–3.5% NSR) Québec, Canada Vezza (5% NSR–40% NPI) Status: Ramp up Québec, Canada Status: Exploration Labrador Iron Ore Royalty Corp. - LIORC Island Gold (2%– 3% NSR) 1 Ontario, Canada (9.75% equity position by Osisko) a 7% sales royalty from IOC Status: Production a 15% equity interest in IOC Cariboo Gold Project (1.5% NSR) 2 Mines Coulon B-C, Canada Québec, Canada Status: Exploration Status: Exploration Hammond Reef (2% NSR) Pandora (2% NSR) Ontario, Canada Québec, Canada Status: Permitting Kirkland Lake Camp (2% NSR) Status: Exploration, Contiguous to Ontario, Canada Lapa mine White Pine North–Copperwood Status: Exploration (3% sliding-scale NSR) Lamaque (2% NSR) 1 Michigan, USA Marban (0.5% NSR) 1 Québec, Canada Status: Exploration Québec, Canada Status: Exploration Status: Exploration Guerrero (100% Osisko) Canadian Malartic (5% NSR) Guerrero, Mexico Status: Exploration Québec, Canada Status: Producing Malartic CHL (3% NSR) Royalty – Producing Odyssey North Royalty – Non-producing Québec, Canada Exploration Project Status: Exploration 1. CDPQ has indicated it will exercise its right to purchase 15% of the royalties acquired in the Teck royalty purchase, which will reduce the royalty percentages by 15% once closed. 6 2. Subject to closing of royalty financing with Barkerville Gold Mines announced on November 30, 2015
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