Mount Gibson Iron Limited
onlyMGX useersonal
Annual General Meeting
CEO Presentation
10 November 2021
1
Disclaimer
ersonal use only
This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval from Mount Gibson Iron Limited.
This Document is not a Prospectus nor an Offer to Subscribe for Shares.
Mount Gibson Iron Limited and its subsidiaries (ASX:MGX, "MGX") make no representations or warranties (express or implied) as to the accuracy, reliability or completeness of this document. MGX and its respective directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (expressed or implied) arising out of, or contained in or derived from, or for any omissions from this document, except liability under statute that cannot be excluded.
This document contains reference to certain forecasts, projections, intentions, expectations and plans of MGX, which may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ.
The performance and operations of MGX may be influenced by a number of factors, uncertainties and contingencies many of which are outside the control of MGX and its directors.
No representation or warranty (expressed or implied) is made by MGX or any of its respective directors, officers, employees, advisers or agents that any forecasts, projections, intentions, expectations or plans set out in this document will be achieved, either totally or partially, or that any particular rate of return will be achieved.
Investments in shares in MGX are considered highly speculative.
2
Corporate Overview
Issued shares | 1,211 million shares | ||||||
onlyIndex | ASX-300 | ||||||
Market capitalisation | A$0.5 billion ($0.40/share) | ||||||
Cash/investments | A$250 million (30 September 2021) | ||||||
Bank Borrowings | Nil | ||||||
Dividends | A$332 million (fully franked) paid since 2011 | ||||||
use | Shareholder Distribution (% issued shares at 30 September 2021) | ||||||
APAC Resources | 0.5% | ||||||
ersonal | |||||||
Australia/NZ Institutions | 0.5% | 14.8% | |||||
Shougang Fushan | |||||||
2.5% | 36.7% | ||||||
Australian/NZ Retail | |||||||
North America | 15.7% | ||||||
UK & Europe | |||||||
Directors & Management | 6.3% | ||||||
Other | 9.2% | ||||||
13.8% | |||||||
Asia/Middle East
MGX Share Price
(A$/share) | 1.20 |
1.00 | |
Price | 0.80 |
0.60 | |
Share | 0.40 |
0.20 | |
0.00 |
Board and Management
- Lee Seng Hui - Non-Executive Chairman
- Simon Bird - Lead Independent Non-Executive Director
- Russell Barwick - Independent Non-Executive Director
- Paul Dougas - Independent Non-Executive Director
- Alan Jones - Independent Non-Executive Director
- Ding Rucai - Non-Executive Director
- Peter Kerr - CEO
- Mark Mitchell - COO
- Gillian Dobson - CFO
- David Stokes - Co. Sec. & General Counsel
3
Business Overview
only | • | High grade hematite Direct Shipping Ore (DSO) with a |
65.3% Fe ore reserve grade*. | ||
• | Ore sales 1.8 Mwmt in 2020/21 financial year, targeting sales of | |
2.0 Mwmt in 2021/22, with grades rising in June half. | ||
• | Elevated waste stripping phase progressing toward planned | |
completion in 2021/22. | ||
• | Sales and cashflow to rise as stripping phase is completed. |
Mid-West Region
use | Shine Project, Extension Hill, Geraldton Port | |
• Operations now suspended following rapid deterioration of | ||
market conditions. Site held on care & maintenance for prompt | ||
restart if conditions justify. | ||
• Extension Hill site rehabilitation progressing to plan, after | ||
successful completion of low grade sales program in late 2020. | ||
• Mid-West rail refund stream accruing at ~$2 million/quarter, | ||
Koolan Island shiploading | based on third party rail volumes on segments of the Mid-West | |
network. Capped at $35M (indexed), ~$18M earned to date. | ||
*As at 30 June 2021. Refer Mineral Resources and Ore Reserves slide at the end of this presentation and ASX release dated 8 October 2021. | ||
Mwmt = million wet metric tonnes. | 4 | |
ersonal |
FY2021 Highlights
(all currency in Australian dollars unless stated otherwise):
onlyuse ersonalMwmt = million wet metric tonnes. FOB = Free on Board. DRP = Dividend Reinvestment Plan. NPAT = net profit after tax.
Operating cashflow of
$165.2 million
Before interest income ($6.9m),
mine development ($185m),
equipment purchases ($30m) & the prior year cash dividend ($16.3m)
Final dividend of
2.0 cents per share
Paid in a combination of cash and new shares issued under the DRP in October 2021
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Mount Gibson Iron Limited published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 01:14:06 UTC.