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Investor Presentation

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Investor Presentation

  2. 2. FORWARD LOOKING STATEMENTS This presentation contains certain forward-looking statements and information relating to Energold that are based on the beliefs of its management as well as assumptions made by and information currently available to Energold. When used in this document, the words “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. This presentation contains forward looking statements relating to, among other things, regulatory compliance, the sufficiency of current working capital, the estimated cost and availability of funding for the continued exploration and development of the Company’s exploration properties. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101,is responsible for the IMPACT Silver Corp. technical information in this presentation.2
  3. 3. OUR BUSINESS • Global Specialty Drilling Contractor Providing socially & environmentally sensitive drilling Energold’s Highly Mobile Surface Rig in Operation services to the international mining & energy sector. • Market Leaders in ‘Frontier Drilling’ Proprietary mineral drilling rig platform designed for drilling in remote and diverse sub-terrain locations with limited infrastructure as well as sensitive environmental and social issues. • Global Footprint Operating 234 rigs in 22 countries across all metal and mineral targets. • Proven Track Record of Performance Compounded annual growth in revenues of >25% over the last 6 years. Durango, Mexico3
  4. 4. OUR BUSINESS SEGMENTS Mining Energy Manufacturing Energold Drilling’s Significant presence in With over 150 years oforiginal and primary line of the Canadian oil sands history, Dando designs,business. Market leader in coring market manufactures, and maintain frontier drilling services, rigs for global clients operating in 22 countries Acquisition in 2011 addedspanning broad spectrum 129 rigs to Energold and Capabilities across all drillof minerals and resources. paved way into energy types, with specialty focus drilling market. on water well drilling Minimizes Energy market peaks when Vertical integration of rig environmental and social mineral exploration slows sourcing for EGD impact with proprietary Tremendous new growth Stable revenue in man-portable drills market with oil sands boom maintenance and parts4
  5. 5. OUR TECHNOLOGY• Modular Component Design – Easy to transport within country, across challenging terrain as well as rapid mobilization globally to reduce downtime• Proprietary Technology – Depth capabilities of over 850m with ¼ inch greater core diameter using Thin Wall rod system – Competitive portable rigs only reach depths between 200–300m BTW• Rigs Built In-House – Ensures proprietary nature of rig designs – Continual upgrades are implemented from input of field personnel5
  6. 6. WORLD WIDE OPERATIONS World-Wide Operations Energold has offices and/or operations in 22 countries with complete jurisdictional compliance and logistical support. Contractor Of Choice Commence relationships with frontier drilling programs that historically continue through to downstream stages of development. Current & historic client list includes many of the leading global mining companies. Rig Fleet Energold has increased its fleet size in response to demand by an average of 70% per year over the last 6 years with a current rig count of 234 (including diamond and energy drilling). Mobile rig platforms can be re-deployed more efficiently and cheaper than conventional rigs.6
  7. 7. GLOBAL PROJECT EXAMPLES Frontier Drilling Specialists Dominican Republic Albania Peru Guinea7
  8. 8. CUSTOMER PROFILE Energold’s clientele MAJORS includes many of the world’s • Barrick Gold • BHP Billiton largest mining companies. • Goldcorp • Grupo Mexico Existing clientele range • Rio Tinto from early-stage junior • Newmont Mining explorers to well known, • Penoles • Vale mature producers spanning all • AngloGold base and precious metals, as • Fresnillo well as industrial commodities. • El Dorado Gold • Codelco JUNIORS • Grayd Resources (now Agnico-Eagle) • US Gold (now McEwan Mining) • Great Panther Silver • First Majestic Silver • Olympus Pacific Resources • Magellan8 • GoldQuest Mining Corp.
  9. 9. FINANCIAL HIGHLIGHTS CONTINUED GROWTH OVERALL CDN$ (000’s) 2009 (GAAP) 2010 (IFRS) 2011 (IFRS) End of Sept, 2012 Revenue 23,719 54,591 133,482 $115,810 Net Earnings (1,951) 1,586 26,428 ($3,655)* EPS (0.06) 0.05 0.65 ($0.08)* Cash 18,460 28,225 $22,782 $27,800 Working Capital 46,319 61,461 $69,341 $96,549 EBITDA (Adjusted) $305 $1,505 $14,143 $6,731 * Note adjustment for Bonus Payment to Energold Energy of $7.5 million up to June 2012 on meeting EBITDA targets of over $5 million. Annual payment capped at $10,500,000. Additional amortization expense due to IFRS gain on acquisition (refer to Q4 figures) of $3,25 million YTD. Pre-2009 figures are GAAP while 2010+ is under IFRS. Q2 2012 Q3 2012 % Change Revenue Mineral 22,273 17,253 (22)% Energy 4,438 9,037 203% Manufacturing 5,939 3,603 (39)% Total Revenue 32,650 29,890 (8.4)% • Energy division mobilizing and has seen record quarterly revenues, Q4/Q1 is its peak season • Revenue allocation has shifted from mining (majority) to a balance with energy and9 manufacturing
  10. 10. FINANCIAL REFLECTS GROWTH EPS Growth* Rig Count Revenue Meters Drilled10
  11. 11. DIVERSIFIED GLOBAL GROWTH AND VALUE PRICED VS PEERS Rig Count Growth (2010-2011) Global Presence (Countries) Market Cap & Average Volume Revenue Growth (2009-2012)11
  12. 12. CORPORATE SUMMARY TRADING SYMBOL EGD : TSX.V SHARE PRICE $2.40 ISIN CA29268A1030 SHARES O/S 46.2 MILLION SHARES F/D 47.1 MILLION MARKET CAP $110 MILLION INSTITUTIONAL OWNERSHIP 25% MANAGEMENT OWNERSHIP 10% Fred Davidson CA MBA – President, CEO and Director James Coleman LLB – Chairman and Director Steven Gold CFA – Chief Financial Officer Craig Geier HBA – Managing Director (Dando Drilling Services) H. Walter Sellmer – Director Michael J. Beley – Director12 Wayne Lenton – Director
  13. 13. MINING INDUSTRY – POSITIVE OUTLOOK STRONG INDUSTRY FUNDAMENTALS • Raw material prices vs. production cost favors continued exploration • New sizable discoveries are increasingly difficult to find, forcing traditional miners to seek assets in frontier regions that require specialized equipment • Producers with record cash levels seeking to replenish reserves (evident by recent M&A activities Source: MEG, PriceWaterhouseCoopers in market) World needs new • GDP Growth 2011-2025 forecast by discoveries = more BHP is +7% for China and +2% for frontier drilling13 US driving by urbanization Source: BHP Biliton Dec 2012 Macquarie Conference
  14. 14. ENERGOLD ENERGY BERTRAM INTERNATIONAL CORP. • Proven player in sizable oil sands market dating back to 1963 • Niche, high-margin market with short and long-term growth • Oil Sands coring – smooth out Energold traditional slow mineral seasons (Q4/Q1) Bertram TH60 • Re-allocation under-utilized drill Coring Rig fleet (seismic and specialty) within Energold’s global network • Synergy from people – trained LIS GT1 Seismic Drilling Rig drillers in coring can transition to mineral drilling and vice-versa14
  15. 15. ENERGY INDUSTRY (OIL SANDS) OUTLOOK World Class Resources • Oil sands represent 97% Canada’s oil reserves1 Sizable expenditures expected • About $84 billion per year investment for next 25 years Oil Sands project are long-term • Less susceptible to short term pricing fluctuations as compared to metal markets 1. Environmental Canada May 2011 Oil Sands Report 2. CAPP http://www.capp.ca/getdoc.aspx?DocId=191939&DT=NTV15 3. Canada National Energy Board – Energy Oil Sands Assessment 2006
  16. 16. ENERGOLD MANUFACTURING DANDO INTERNATIONAL LTD. • Over 150 years of experience in designing and manufacturing of larger rigs in the UK Mineral Multipurpose • Maintenance, servicing, and sales of rigs and Waterwell parts to third parties • Expertise in water well drilling • Building a new services division that can leverage the existing Energold logistics network Geotechnical16
  17. 17. MANUFACTURING INDUSTRY DEMAND CONTINUES• Growth: The manufacturing and equipment demand for resource industry is growing, 13% YOY for Caterpillar. Flat 2012 with improvements in 2013 in US, China, and most of developing world. 1• Potential: Global mining equipment market is $61 billion. At $12.2 million (2012 YTD), Energold is just 0.01% of the 2 Boart’s Drilling Product Backlog 2012 market. 3 1. Caterpillar Q3 2012 Earnings http://www.caterpillar.com/investors/events-and-presentations/presentations 2. Boart Longyear 2012 Full Year Earnings – February 18, 2013 3. Standard & Poors – Credit Week Feb 201217
  18. 18. SOCIAL & ENVIRONMENTAL BENEFITING AREAS WHERE WE WORK Case Study – Provide jobs for locals Energold’s approach is win-win for clients and local communities – Training in work-safety and mechanical experienceMinimal Environmental Impact – Portable rigs leave a small environmental footprint – Avoid tree clearcuts and save cost on road buildingThird Party Recognition – PDAC Environmental Excellence in Exploration Case Study (E3 Initiative) Donated Waterwell Haiti Bridge – BC Business Innovators of in Chihuahua, Mexico Infrastructure Project Year 2012 – “Success Without Limits Bizz” Awards in Houston, TX18
  19. 19. INVESTMENT HOLDINGS: IMPACT SILVER CORP. • IMPACT Silver Corp is a profitable silver producer in Mexico • ENERGOLD DRILLING CORP owns 6.87 million shares (11%~) SYMBOL IPT-TSX.V SHARE PRICE $1.02 • OPERATIONS MARKET CAP $70 M Three profitable, operating mines CASH $18 M at the Royal Mines of Zacualpan • EXPLORATION Huge exploration potential in 623 sq. km composed of two under-explored Silver districts • DEVELOPMENT Zacualpan Processing Plant Capire open pit mine 200 tons/day operation19 commenced March 2013
  20. 20. IMPACT SILVER CORP. PROFITABLE GROWING PRODUCER % 2012 2011 2010 2009 2008 2007 2006 Growth Total tonnes processed (t) 168,826 154,289 131,348 114,340 102,426 99,918 68,173 +126% Tonnes processed per day (t) 463 424 360 313 280 274 196 +116% Silver (oz) Production 620,515 833,607 750,259* 823,571 645,668 349,949 465,673 +79% Lead (t) Production 430 731 734 969 813 601 375 +95% Zinc (t) Production 721 1,248 1,212 1,098 1,053 976 725 +72% Revenue per tonne sold $94.32 $171 $123 $110 $90 - - +90% Direct cost per tonne sold $64.55 $70 $63 $60 $55 $44 $60 +17% 30,000 Revenues 25,000 Net Earnings 20,000 Operating Cash FlowCDN$ 000’s 15,000 10,000 5,000 0 Year 20 2006 2007 2008 2009 2010 2011 2012
  21. 21. 2013 AND BEYOND CONTINUED GROWTH IN ALL KEY MARKETS EXPANSION OF “CORE GROW ENERGY AND SEED AND EXPAND BUSINESS” MINERAL MANUFACTURING INTO NEW MARKETS DRILL FLEET DIVISIONS • Grow mineral drilling rig fleet • Capitalize on high growth • Energold Energy division to solidify existing markets frontier regions such as continues to benefit from South/Central America, niche market expertise in • Continued growth of frontier Southeast Asia & Africa. unconventional and conventional markets drilling and transitioning with • Pursue additional ‘bolt-on’ clients to mature projects with acquisitions in target regions. • Grow manufacturing services larger conventional drills and utilize capabilities to build • Grow underground drilling larger rigs over time services. • Organic growth and search • Grow new business divisions for acquisitions in existing • Grow water well drilling including the historical Dando and new markets business footprint in water well activity • Expand drilling services and • Continue technological multi-purpose and reverse advancements in rig design circulation (RC) and capabilities.21 21
  22. 22. ANALYST COVERAGE Analyst Company Contacts Michael Mills CFA MBA Beacon Securities 416-643-3871 Maggie MacDougall BBA Cormark Securities 416-362-7485 Mona Nazir Fraser Mackenzie 416-682-4208 Russell Stanley CFA MBA Haywood Securities 416-507-2328 Ben Jekic CFA Industrial Alliance 416-203-5826 Kam Mangat CFA Salman Partners 416-861-1270 Neil Forster CFA Scotiabank 416-863-2899 Daryl Young CA Toronto Dominion (TD) 416-983-3276 Steve Green CFA22
  23. 23. INVEST IN ENERGOLD TODAY 5 Year Chart on EGD:TSXV • Energold presents a compelling opportunity to invest in a broad range of commodities and projects worldwide • Catalysts for growth – commodities remain strong and significant potential in energy • Favorable balance sheet allows EGD to capitalize on opportunities23 • Value play on commodities – trading at 52 week low despite continued growth
  24. 24. Contact info Jerry Huang MBA Manager Investor Relationsjhuang@ energold.com 604-681-9501