Sprott Resource Corp. Second Quarter 2015 Results Conference Call July 27, 2015
Speakers Steve Yuzpe Chief Executive Officer Michael Staresinic Chief Financial Officer Sprott Resource Corp. 3
2015 Mid-Year Update Progress to date in 2015: 3.4 million of net proceeds realized and management is pursuing further monetizations Continuing to explore opportunities to achieve scale in business Working to position the portfolio…
Review of 2015 Priorities Improve liquidity through appropriate monetizations Reduce discount to NAV using all the tools at our disposal Position portfolio companies for recovery in the resource sector Sprott Resource Corp. 5
Private Energy Holdings Energy sector weakness has had a material impact on oil & gas holdings, net asset value and share price Recorded a reduction in the fair value of our heavy oil investment in One Earth Oil & Gas InPlay Oil…
Private Agriculture Holdings One Earth Farms has established itself as one of Canadas leading producers of natural and organic meat products One Earth Farms has delivered significant revenue and earnings growth on a year-over-year…
Summary of Quarterly Financial Information June 30, December 31, millions (except for per share amounts) 2015 2014 Total Assets 205.5 241.7 Total Liabilities (14.5) (14.0) Net Asset Value (NAV) 191.0 227.7 NAV per share…
Balance Sheet and Liquidity Profile Investment portfolio as of June 30, 2015 Energy: 104.5 MM Agriculture: 70.0 MM Mining: 26.4 MM Cash of 3.1 MM as of June 30, 2015 20MM revolving line of credit Balance of facility was 12 MM as…
Income Statement millions (except for per share amounts) June 30, 2015 June 30, 2014 Investment income (loss) (8.6) 5.0 Expenses General and administrative expenses 0.6 1.4 Management fees and compensation 1.0 2.2 Transaction…
Investment Portfolio Industry Investment Type / Stage June 30, 2015 % Probable Exit Sector Fair Value Ownership Long Run Exploration Public / Mature 18.2 MM 11.9% Public Market Independence Contract Drilling Public / Growth 50.1 MM…
Portfolio Construction Unlisted securities 7.1% Oil and gas exploration, production and services - Public Agriculture - 33.9% Private 34.8% Net Cash and Listed Securities Mining 92.9% Public 13.1% Oil and gas…
Summary Focused on working with portfolio companies to position them for next upswing in the commodities cycle Management is committed to: Improving liquidity Pursuing monetizations of mature investments, where appropriate…
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