ROADSHOW PRESENTATION - Champion Iron · 2019. 8. 8. · roadshow presentation. disclaimer....
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ROADSHOW PRESENTATION
Transcript of ROADSHOW PRESENTATION - Champion Iron · 2019. 8. 8. · roadshow presentation. disclaimer....
ROADSHOW PRESENTATION
DISCLAIMER
CORPORATE OVERVIEW
BLOOM LAKE
✓ Champion sells based on P65 premium benchmark
STRUCTURAL SHIFT IN IRON ORE
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CANADA 2ND LARGEST REGIONIN HIGH-GRADE
CANADA
BRAZIL
SOUTH AFRICA – 14,0
AUSTRALIA
INDIA
RUSSIA
UKRAINE17
SWEDEN – 16,1
52 18,1
2,5
31,7
385,4
GLOBAL COST CURVE (CFR CHINA – ADJUSTED FOR VIU)
BLOOM LAKE
COMPETING ON COST CURVE
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POSITIONED FOR PROFITABILITY
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MARKET STATISTICS (C$M) SHAREHOLDERS
CORPORATE SNAPSHOT(CIA-TSX; CIA-ASX)
INSIDERS9.8%
INSTITUTIONAL12.2%
WYNNCHURCH CAPITAL
15.5%
RESSOURCES QUEBEC8.7%
FAMILY OFFICES24.3%
CORPORATE1.5%
RETAIL12.7%
UNDISCLOSED15.4%
HISTORY OF BLOOM LAKEVS IRON ORE PRICE (C$/T)
Cliffs AcquiresCLM for C4.9B
Cliffs seeks creditorprotection
QIO AcquiresBloom Lake
QIO ReleasesFeasibility Study
Bloom LakeRecommissioned
1st Shipment
VALE Events
LABRADOR TROUGH =WORLD-CLASS OPPORTUNITY
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Mont-Wright (AMMC)
COST STRUCTURE IMPROVEMENT(2014 VS TODAY)
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BLOOM LAKE TODAY
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DIVERSIFIED CUSTOMER BASE
Product sold to 16 differentcustomers since 1st shipment
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CHINA
46.9%
INDIA – 1.7%
EUROPE – 5.2%
JAPAN – 20.7%
SOUTH KOREA – 3.4%
MIDDLE EAST – 20.7%
REALIZED PRICING (FQ1/20)
OPERATIONAL RESULTS
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FINANCIAL RESULTS
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SIMPLIFIED CORPORATE STRUCTUREFULL UPSIDE TO GROWTH INITIATIVES
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→→→→
RAPIDLY IMPROVINGBALANCE SHEET
STRONG LEVERAGETO COMMODITY PRICE
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BLOOM LAKE PHASE 17.4MTPA
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Q2 2019 Q3 2019 Q4 2019 Q1 2020 Target
BLOOM LAKE PHASE 2ROBUST ECONOMICS
BLOOM LAKE PHASE 2POSITIONING AS A GLOBAL LEADER
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BLOOM LAKE PHASE 2RAPID TIMELINE TO PRODUCTION
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REGIONAL OPPORTUNITIES PHASE 3
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HEALTH & SAFETY
ENVIRONMENTAL FOCUSED
EXPERIENCEDMANAGEMENT TEAM
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TRACK-RECORDOF SUCCESS
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$5
$10
$15
$20
Sep-04 May-06 Jan-08 Oct-09 Jun-11
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CORPORATE STRUCTURE
IRON ORE VALUE CHAIN
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SLINTER PELLETS
TAILING MANAGEMENT
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Centerline/Downstream Upstream
INFRASTRUCTURE AND LOGISTICS
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BLOOM LAKEUPDATED RECOVERY FLOWSHEET
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UPDATED FEASIBILITY ECONOMICSCOMBINED PHASE 1 & 2 (JUNE 2019)
BLOOM LAKE - RESERVES & RESOURCES
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VALUABLE AND SOUGHT-AFTER PRODUCT
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BLOOM LAKE MINE COMPLEX
PHASE 1 PLANT
PHASE 2 PLANT
MULTI-USER PORT
FIRST VESSEL
