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2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation

Sprott Resources Corporation · Mar 4, 2015 · 11 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 1
    Sprott Resource Corp. 2014 Annual Results Conference Call March 4, 2015
  2. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 2
    Speakers Steve Yuzpe Chief Executive Officer Michael Staresinic Chief Financial Officer Sprott Resource Corp. 3
  3. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 3
    2014 Review Solid progress towards key objectives in 2014 Transformed portfolio through high level of transactional activity, completing 93MM in new investments and 73MM in dispositions Improved transparency and increased shareholder…
  4. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 4
    Current Positioning SRC believes the decline in energy prices has been overdone Supply/demand fundamentals will lead to an eventual energy price recovery Agricultural businesses continue to perform well Currently focused improving…
  5. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 5
    Investment Portfolio* Energy & Energy Services Mining Agriculture (113.0MM) (54.5MM) (69.7MM) Long Run Exploration Ltd. Corsa Coal Corp. One Earth Farms Corp. 34.5 MM FAIR VALUE 43.8MM FAIR VALUE 31.0MM FAIR VALUE 11.9% OWNERSHIP 19.9%…
  6. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 6
    Summary of Annual Financial Information millions (except for per share amounts) 2014 2013 Total Assets 241.7 368.9 Liabilities (14.0) (2.7) Net Asset Value (NAV) 227.7 366.2 NAV per share 2.33 3.71 Sprott Resource…
  7. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 7
    Balance Sheet NAV of 227.7MM or 2.33 per share Investment portfolio as of December 31, 2014 Energy: 113MM Agriculture: 70MM Mining: 55MM Cash of 1.7MM as of December 31, 2014 20MM revolving line of credit Balance of facility was…
  8. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 8
    Income Statement millions (except for per share amounts) 2014 2013 Investment income (Loss) (118.1) (67.3) Expenses General, administrative expenses and foreign 3.7 4.1 exchange gains on cash balances Management fees and…
  9. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 9
    Outlook Despite the recent sell-off and volatility, we remain long-term believers in the energy sector FX and reduced differentials have helped mitigate impact on Canadian producers We believe price recovery will eventually be led…
  10. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 10
    How We Add Value Active involvement in portfolio companies Identify Monetization Identify Monetization opportunities Provided operational support opportunities and financial support where appropriate Ensure strong corporate…
  11. 2014 FULL YEAR EARNINGS CALL – Sprott Resources Corporation – slide 11
    2015 Objectives Improve liquidity and/or secure capital to develop scale and optimize strategy execution Generate value in current portfolio companies harvest where appropriate Expand collaboration with Sprott Group of…

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