Martin Purvis CEO. Presentation following the AGM. 26 April 2012

Transcription

1 Martin Purvis CEO Presentation following the AGM 26 April 212

2 IMPORTANT NOTICE Nothing in this presentation constitutes an offer of securities for sale. This presentation contains certain forward-looking statements and forward-looking information that are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Sakari Resources Limited (Sakari) to be materially different from those projected. The inclusion of such statements and information should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that results will or are likely to be achieved. This presentation is indicative and for information purposes only and does not constitute or form part of an offer, solicitation or invitation to offer, to buy or to subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with any contract or commitment whatsoever. This presentation has not been filed, lodged, registered or approved in any jurisdiction. Maps, graphs and guides in this presentation may not be to scale and are indicative and conceptual only. Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 2

3 211 Milestones & Highlights PTT consolidates control over 45% shareholding All licences obtained for Northern Leases Exploration crews begin Northern Leases drilling Jembayan CHF2 commissioned Name change to Sakari Resources Limited [ Sakari ] Overburden removal begins at Northern Leases Jembayan CHF2 achieves record loading volumes First coal mined in Northern Leases Jembayan reserves upgrade to 142Mt Record annual profits achieved February 27 April 28 April May July July August September November December Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 3

4 211 Scorecard 211 Result 211 Guide Group Production 1.7Mt Mt Group Cash Costs $54.5/t ~$55/t Fuel Price 17c/l 96c/l ASP $92.93 $8-85/t Tax Rate 27% ~33% Group Capex $84M $92M Dividend 6% 6% Safety LTI FR Sebuku.36; Jembayan.44 Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 4

5 Sebuku s Year of Change Jan Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 5

6 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 6

7 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 7

8 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 8

9 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 9

10 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 15 Monthly Production (Kt) 1 5 Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 1

11 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2 Monthly Production (Kt) Mission: Vision:ToToenrich be theand Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver todelivery all our of Stakeholders energy products 11

12 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Monthly Production (Kt) Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 12

13 Sebuku s Renaissance Production (Kt Left Axis) Cash Costs ($/t Right Axis) Run down of Tanah Putih Pit commences 4 25 Mud stabilisation - extends coal recovery Production starts in Northern Leases 2 Q1 8 Q2 8 Q3 8 Q4 8 Q1 9 Q2 9 Q3 9 Q4 9 Q1 1 Q2 1 Q3 1 Q4 1 Q1 11 Q2 11 Q3 11 Q4 11 Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 13

14 Jembayan pausing for the next big push Production (Mt) Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 14

15 Jembayan external factors dominate the year-end Rainfall (mm) Newcastle ($/t) Strip Ratio Quarterly Production 2.4Mt 2.4Mt 2.4Mt 1.7Mt Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mission: Vision: To To enrich be the and Best improve Coal Company lives through in Asia, the for reliable the Value and responsible we Deliver to delivery all our of Stakeholders energy products 15

16 Seaborne Thermal Coal Market To Europe Imports (Mt) India China Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 16

17 Seaborne Thermal Coal Market To Europe Exports (Mt) Indonesia Australia Vision: Mission: To be To the enrich Best Coal and improve Company lives in Asia, through for the Value reliable we and Deliver responsible to all our delivery Stakeholders of energy products 17

18 212 Outlook & Plans Jembayan Sebuku Key focus on Sebuku ramp up Production Target 9.Mt >2.5Mt Inflation & industry cost pressures will remain strong Group ASP $85-9/t Cash Costs $62-65/t Low $4/t Gasoil 16c/l Capex $6m $8m Sustainable Practices Improve public reporting of Group Sustainability practices Annual Report Market recovery expected in H2 as global economy starts to rebound Jembayan opens 2 new pits to restore growth profile leading to a slow H1 with H2 reversal Business development Balance sheet preparation Regional opportunities Local consolidation Vision: To be the Best Coal Company in Asia, for the Value we Deliver to all our Stakeholders 18

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