Sierra Rutile Investor Presentation
Significant Profitability in 2022
Solid operating performance and buoyant market conditions drove substantial increases in Revenue and EBITDA
(US$ millions)
FY22
FY21
Revenue
254.5
184.2
Production costs (net of inventory movements)
General and administration
(177.9)
(137.5)
(8.2)
(12.8)
Selling and distribution
(2.7)
(6.2)
Other costs
(7.9)
(8.8)
EBITDA
57.8
18.9
Depreciation and amortisation
(2.5)
(27.4)
Impairment reversal
23.4
(4.7)
Change in rehabilitation provision
28.9
Financing
(1.8)
(4.8)
Income tax
(1.3)
(3.4)
NPAT
75.6
7.5
Sierra Rutile Investor Presentation | ASX: SRX
Sierra Rutile
Strategy focused on maximising cashflows from Area 1 by pursuing
efficiency gains; while developing the nearby Sembehun project.
Revenue of US$254.5m, up 38% driven by increased sales volumes and
pricing for all products.
Improved production of 136kt of rutile, a 9kt increase on prior year.
Increased costs primarily due to volume growth and increased fuel
prices.
Substantially higher EBITDA of US$57.8m and NPAT of US$75.6m due to
reversal of prior Sembehun impairment.
Lower taxes attributable to Area 1 resulting from Third Amendment
Agreement.View entire presentation