march 30, 2015 orvana investor tsx:orv+...
TRANSCRIPT
ORVANA MINERALS CORP.
($2,263)
$33,276
$38,900 $37,923
$7,455
(5,000)
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
FY 2011 FY 2012 FY 2013 FY 2014 Q1 2015
REDISCOVERING ORVANA Orvana Minerals is a mul.-‐mine gold and copper producer. Opera.ons include El Valle-‐Boinás/Carlés (“EVBC”)
gold-‐copper-‐silver mines in northern Spain and the copper-‐gold-‐silver Don Mario Mine in Bolivia.
TSX:ORV www.orvana.com
Multi Mine Operator
Focused on Production in Europe/the Americas
Organic Growth Opportunities & Strategic Review Process
Generating Free Cash Flow 2015
Strengthened Balance Sheet: Repaid USD$64M in Long Term Debt
Gold, Copper, Silver Producer
EVBC Mines Don Mario Mine
57% 33%
10%
Gold Copper Silver
Gross Revenue by Commodity FY 2014
March 30, 2015
Trading at 0.9 EV/Adjusted EBITDA vs Peer Group
Operating Cash Flow Before Non-cash Working Capital Changes
I N V E S T O R F A C T S H E E T
FY 2012, FY 2013 and FY 2014 include realized gains/losses on settled derivatives instruments.
Senior Management* Daniella Dimitrov, President & CEO Neil Ringdahl, Chief Operating Officer
Directors*: Jacques McMullen, Chairman Gordon Bogden Ed Guimaraes Gordon Pridham Audra Walsh John Wilson
* Complete bios of Orvana Management and Directors at www.orvana.com
ORVANA MINERALS CORP.
52 Wk Hi-Lo: $0.75-$0.27
Certain of this information constitutes forward-looking information based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking information should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking information.
OVERVIEW
Ticker TSX:ORV
Common Shares 136.6M
Options / Warrants 2.2M / 1.5M
Market Capitalization (03/23/15)
~$51M
Major Shareholder Fabulosa Mines (52%)
OVERVIEW
Unrestricted Cash (03/23/15) $19.0M
Total Debt (03/23/15) $4.0M
Fiscal Year End Sept 30
Attractive EV/Adjusted EBITDA
0.9
Research: PI Financial Christos Doulis
Stock Chart (one year)
O R V A N A M I N E R A L S C O R P.
ORVANA MINERALS CORP. 181 University Avenue, Suite 1901 Toronto, ON Canada M5H 3M7 T 416 369 1629
Joanne Jobin, Investor Relations Officer [email protected]
Forward Looking Statements
Contact:
Daniella Dimitrov, President & CEO [email protected]
Consolidated Gold oz Production Consolidated Copper lbs Production
55,929
80,541 84,084
22,195
-
20,000
40,000
60,000
80,000
100,000
FY 2012 FY 2013 FY 2014 Q1 2015
DON MARIO EVBC
15,366 17,303
21,057
6,990
-‐
5,000
10,000
15,000
20,000
25,000
FY 2012 FY 2013 FY 2014 Q1 2015 DON MARIO EVBC
$629 $631 $771 $696
$1,383
$950 $1,015 $949
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
FY 2012 FY 2013 FY 2014 Q1 2015
Consolidated COC/AISC (by-product) per Au Oz Sold
COC AISC
TSX:ORV www.orvana.com
2015 GUIDANCE ORVANA EVBC DON MARIO
Range Low High Low High Low High
Gold oz Production 82,000 94,000 63,000 72,000 19,000 22,000
Copper 000’s lbs Production 20,000 23,000 6,000 7,000 14,000 16,000
Silver oz Production 550,000 680,000 150,000 180,000 400,000 500,000
COC $oz Au (by product)* $700 $770
AISC $oz Au (by product)* $1,000 $1,100
Capital Expenditures $17M $20M
* Net revenue from Cu, Ag and Pb by-products represented approximately 40% of Orvana’s total net revenue in fiscal 2014.