2014 Half Year Results Presentation
20 August 2014
2014 Half Year Results Presentation 20 August 2014 Disclaimer 2 - - PowerPoint PPT Presentation
2014 Half Year Results Presentation 20 August 2014 Disclaimer 2 No statement in this presentation is intended as a profit forecast or profit estimate The following presentations are confidential and are being made only to, and are and no
20 August 2014
The following presentations are confidential and are being made only to, and are
communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on these presentations or any of their contents. Information in the following presentations relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments. These presentations do not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or
documentation nor the fact of its distribution nor the making of the presentation constitutes a recommendation regarding any securities. This presentation if for information purposes only. The presentations contain forward-looking statements which are subject to risk and uncertainties because they relate to future events. These forward-looking statements include, without limitation, statements in relation to the Group’s projected growth opportunities. Some of the factors which may cause actual results to differ from these forward-looking statements are discussed in certain slides of the presentation and others can be found by referring to the information contained under the heading “Principle risks and uncertainties” in “The Strategic Report” in
website (www.gemdiamonds.com). No statement in this presentation is intended as a profit forecast or profit estimate and no statement in the presentation should be interpreted to mean that earning per share for the current or future financial years would necessarily match or exceed the historical published earnings. The presentations also contain certain non-IFRS financial information. The Group’s management believes these measures provide valuable additional information in understanding the performance of the Group or the Group’s businesses because they provide measures used by the Group to assess
defined by all companies, including those in the Group’s industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, although these measures are important in the management of the business, they should not be viewed in isolation or as replacements for or alternatives to, but rather as complementary to, the comparable IFRS measures such as revenue and other items reported in the consolidated financial statements. The distribution of this presentation or any information contained in it may be restricted by law in certain jurisdictions, and any person into whose possession any document containing this presentation or any part of it comes should inform themselves about, and observe such restrictions. Information in this presentation is correct as at 19 August 2014 2
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REVENUE
EBITDA
BASIC EPS
FREE CASH FLOW
97 149 50 100 150 200 H1 2013 H1 2014 USD Millions 33 62 10 20 30 40 50 60 70 H1 2013 H1 2014 USD Millions 6.23 14.28 5 10 15 H1 2013 H1 2014 US Cents 46 86 20 40 60 80 100 H1 2013 H1 2014 USD Millions
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2 747 2 543 1 500 1 700 1 900 2 100 2 300 2 500 2 700 2 900
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
6 month average US$ per carat 12 month average US$ per carat US$ per carat
Alan Ashworth
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Alan Ashworth
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9.9 10.0 2 4 6 8 10 12 Waste mined
H1 2013 H1 2014 42 55 10 20 30 40 50 60 Carats recovered
H1 2013 H1 2014 3.0 3.2 1 2 3 4 Ore treated
H1 2013 H1 2014
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0% 20% 40% 60% 80% 100%
50 100 150 200 250
2013 2013.2 2013.4 2013.6 2013.8 2014 2014.2 2014.4 2014.6
Stone Size (Carats)
Export Number
Type 1 Type 2 % Satellite
Increasing Satellite contribution Diamond protection initiatives
0% 20% 40% 60% 80% 100%
2013 2013.1 2013.2 2013.3 2013.4 2013.5 2013.6 2013.7 2013.8 2013.9 2014 2014.1 2014.2 2014.3 2014.4 2014.5 2014.6
New crusher installation Improving ore fragmentation
0.80 0.90 1.00 1.10 1.20
6 month moving average MCF
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*Includes carats extracted for polishing at rough valuation.
162.02 carat type II, recovered in February 2014, sold for US$11.1 million (US$68 687 per carat) in March 2014 198 carat type II, recovered in July 2014
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Alan Ashworth
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Clifford Elphick
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*Includes carats extracted for polishing at rough valuation
Michael Michael
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103 98 114 71 102 1 16 (26) (17) (6) (11) (11) (5) 20 40 60 80 100 120 140 160 180 200 (US$m)
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*These facilities are currently being renegotiated for extension with the lenders
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Gem Diamonds shareprice performance, up 42% year to date
200 400 600 800 1 000 1 200 1 400 1 600 25 50 75 100 125 150 175 200 225 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Volume (‘000) Price (GBp)
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adjustments.