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H1 2015 Financial Results – Philex Mining

Philex Mining · Jul 30, 2015 · 19 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. H1 2015 Financial Results – Philex Mining – slide 1
    1st HALF 2015 OPERATING AND FINANCIAL RESULTS 30 July 2015
  2. H1 2015 Financial Results – Philex Mining – slide 2
    Metals
  3. H1 2015 Financial Results – Philex Mining – slide 3
    Operating Statistics 1H2015 1H2014 Inc (Dec) Tonnes Milled ('000) Tonnage affected by 4,473 4,775 -6% Operating Days 178 178 - upgrades and power outages Production Improved efficiencies and Gold ozs 53,689 52,286 3% Copper - lbs…
  4. H1 2015 Financial Results – Philex Mining – slide 4
    Financial Highlights (in PHP million, 1H2015 1H2014 Inc/(dec) unless indicated) Gross Revenue 4,886 5,782 -15% Revenue down due Marketing Charges 403 425 -5% primarily to depressed Cost & Expenses 3,728 4,468 -17% metal prices Income…
  5. H1 2015 Financial Results – Philex Mining – slide 5
    Revenue Breakdown Gold Revenue Share Copper Silver Petroleum & other P5,782M 4% 2% P4,886M 1% 42% 1% 38% 59% 53% 1H2015 1H2014 REVENUE PER PRODUCT (PhP million) 1H2015 1H2014 Inc (Dec) Gold 2,894 3,088 -6% Copper…
  6. H1 2015 Financial Results – Philex Mining – slide 6
    Cost and Expenses Inc (in PHP million) 1H2015 1H2014 (Dec) Production cost Decline in production cost Materials & Supplies 819 829 -1% due to: Power 880 866 2% More efficient use of ball Labor 443 591 -25% mills and reagents…
  7. H1 2015 Financial Results – Philex Mining – slide 7
    Capital Expenditures CAPITAL EXPENDITURE PERFORMANCE Oil & gas exploration Other mine exploration Silangan & Kalayaan Padcal & Head Office 1H2015 1H2014 CAPITAL EXPENDITURE BREAKDOWN (PhP million) 1H2015 1H2014 Padcal &…
  8. H1 2015 Financial Results – Philex Mining – slide 8
    Breakeven Analysis COST STRUCTURE (excluding G&A) 1H2015 1H2014 Variance Cost per Tonne Cash Production Cost 522 567 -8% Depreciation 164 178 -8% Total 686 745 -8% Operating cost* 830 893 -7% Operating Cost per Metal…
  9. H1 2015 Financial Results – Philex Mining – slide 9
    Financial Position ASSETS (in PHP million) As of As of Inc June 30, 2015 Dec 31, 2014 (Dec) Cash & cash equivalents 3,103 5,232 -41% Receivables & others 3,889 4,299 -10% Sustained investments in Current assets 6,993 9,530 -27%…
  10. H1 2015 Financial Results – Philex Mining – slide 10
    Cash Flows (In PHP millions) 1H2015 1H2014 Inc/(dec) CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax 817 826 -1% Adjustments for: Depletion and depreciation 743 861 -14% Gain on sale of asset (107) - Others 181 (226)…
  11. H1 2015 Financial Results – Philex Mining – slide 11
    Silangan Project Update
  12. H1 2015 Financial Results – Philex Mining – slide 12
    Pilot Plant Update Flotation stage High grade copper concentrates produced Acid leaching process Successful initial copper cathode output Process plant location identified 12
  13. H1 2015 Financial Results – Philex Mining – slide 13
    Power Supply Update Power Purchase Agreement Tenders issued to 6Parties: San Miguel, Alsons, Aboitiz and FDC are confirmed bidders Meralco/Global Power has yet to confirm their participation Bids will close 31 August 2015…
  14. H1 2015 Financial Results – Philex Mining – slide 14
    Land banking Update In hectares Project Area Required Secured % Secured Balance PRIORITY AREAS Mine and Subsidence 255 219 86% 36 Area Mill Plant Project 58 2 3% 56 TSF 1,155 509 44% 646 TSF Road 66 43 65% 23 WRD 2 Area 186 97…
  15. H1 2015 Financial Results – Philex Mining – slide 15
    Balance of Plant Community Water Aquadyne survey well underway on potential bore location First location currently being drilled, with encouraging results Placer Water District Board and SMMCI agreed on July 10, 2015 to a…
  16. H1 2015 Financial Results – Philex Mining – slide 16
    Energy and Hydrocarbon
  17. H1 2015 Financial Results – Philex Mining – slide 17
    Financial Highlights % Inc (in PhP million) 1H2015 1H2014 (Dec) Gross revenue 83 198 (58%) Cost and expenses 179 250 (28%) Income (loss) from operations (96) (52) (85%) Other income (charges) 10 18 (47%) Reported net income (loss)…
  18. H1 2015 Financial Results – Philex Mining – slide 18
    Financial Position ASSETS (in PHP million) As of Jun 30, As of Dec 31, % Inc (Dec) 2015 2014 Cash & cash equivalents 778 1,908 (59%) Others 150 153 (2%) Current assets 927 2,061 (55%) Deferred exploration costs & other NCA 6,479 6,436…
  19. H1 2015 Financial Results – Philex Mining – slide 19
    Thank you End of Presentation

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