Investor Presentaiton
T90 Business Improvement Program
Significant cash flow generator at current zinc price
$50 MILLION
in annual sustainable efficiencies
90
T90 PROGRAM
CENTS
AISC by 2021
The T90 program is a business improvement
program to sustainably lower the cost base of
the business to an AISC¹ of $0.90lb through
delivery of $50 million in annual sustainable
efficiencies.
Focused on implementing initiatives that
provide recurring cost savings and revenue
generation.
US$M
T90 LEVERAGE TO ZINC
At a zinc price of $1.25/lb Trevali would have a
2021 annual margin above $0.90/lb AISC¹ of
$117 million or $0.12 per Trevali share when
considering midpoint of 2021 production
guidance of 345Mlbs.
~130mlbs of 2021 zinc production hedged
through fixed pricing / forward swaps at an
average price of $1.22lb.
US$/Sh
2021 Annual Margin² Above AISC¹ of $0.90/lb
$160
$120
$80
$138
$117
$95
$40
$-
$1.15
$1.25
Zinc Price $/lb
$1.35
2021 Annual Margin² Per Share Above AISC1 of
$0.90/lb
$0.16
$0.12
$0.08
$0.14
$0.12
$0.10
$0.04
$1.15
$1.25
Zinc Price $/lb
$1.35
(1) This is a Non-IFRS Financial Performance Measure; refer to the Company's Management Discussion and Analysis for the three and nine months ended September 30th, 2020.
Margin excludes expenditures such as expansionary capital, exploration costs, corporate, tax, and financing costs.
(2
(3) Margin per Share calculated based on shares outstanding of 989.1 million.
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