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OM HOLDINGS LIMITED

Australia • China • Japan • Malaysia • Singapore • South Africa

March 2022 • 2021 FullYear Results Investor Presentation • ASX:OMH | Bursa:OMH (5298)

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DISCLAIMER

This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 ("OMH"). This presentation contains summary information about OMH. The information in this presentation does not purport to be complete or to provide all information that an investor should consider when making an investment decision. It should be read in conjunction with OMH's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange which are available at www.asx.com.au.

This presentation contains "forward‐looking" statements within the meaning of securities laws of applicable jurisdictions. Forward‐looking statements can generally be identified by the use of forward‐looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", "continue", "objectives", "outlook", "guidance" or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward‐looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of OMH, and its directors, officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward‐looking statements and the assumptions on which those statements are based. Readers are therefore cautioned not to place undue reliance on forward‐looking statements and OMH, other than required by law, assumes no obligation to update such information.

OMH makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omissions from, any information, statement or opinion contained in this presentation.

This presentation is for information purposes only and is not a financial product or investment advice or a recommendation to acquire (or refrain from selling) OMH shares. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. OMH is not licensed to provide financial product advice, either generally or in respect of OMH shares.

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FY2021 FINANCIAL HIGHLIGHTS

Revenue

Loan Repayment*

Cashflow from Operations

A$1.04b

A$51.1m

A$94.2m

FY20 A$784.6m

FY20 A$33.2m

FY20 A$76.6m

Adj. EBITDA

Profit att. To owners

Profit per share

A$204.0m

A$81.9m

11.11 cents

FY20 $78.0m

FY20 A$5.4m

FY20 0.73 cents

*Loan Repayment includes the repayment of project financing and trade financing

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OPERATIONAL PERFORMANCE AND FY22 GUIDANCE

Mn Ore Production Volume (kmt)

Mining Segment (Mn Ore)

570738

854

• Mining completed in December 2021. Processing of remaining

feedstocks will cease by January 2022, with sales paced through

2022.

FY2019 FY2020 FY2021

• Final test for Ultra Fines Plant in January 2022, during project re-

assessment existing operations will be under care and

FeSi Production Volume (kmt)

maintenance.

110-130

231

167

Smelting Segments (FeSi and Mn Alloy)

• Q4-21 remained at ~12 of 16 furnaces, higher than forecasted.

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Consequently FY21 production exceeded previous guidance.

FY2019

FY2020

FY2021

FY2022 F

Mn Alloy Production Volume(1) (kmt)

200-220

290 238 264

FY2019

FY2020

FY2021

FY2022 F

  • Manpower recovery is expected to remain slow, however impact now diminished as running into scheduled major maintenance periods (deferred from 2021) and conversion phase.
  • Expect to continue running close to 12 furnaces for the coming months, before decreasing run rate.
  • Full year 2022 production guidance subject to changes depending on maintenance and conversion schedules.

(1) FY2019 - FY2021 OMQ + OM Sarawak production volume.

FY2022 Forecast purely OM Sarawak production volume.

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RECORDED A$204M EBITDA IN FY 2021

Revenue and GP Margin

Growth due to volume and prices…

$5,000

USD/mt

$2,000

26.4%

30%

23.4%

FY 2021 FeSi: $2,098 / mt (+96.6%YoY)

Revenue A$ million

$4,000

21.2%

FY 2021 SiMn : $1,449/ mt (+53.9% YoY)

$1,500

GP Margin

14.9%

12.3%

20%

$3,000

$1,000

1,510

10%

$2,000

$500

988

1,027

1,041

785

$1,000

$0

0%

Source: S&P Platts

FY2017

FY2018

FY2019

FY2020

FY2021

$0

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

Group Adjusted EBITDA (1)

Segment Breakdown

million

$400 $300

$200

A$204 m

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Highest ever EBIT margin and absolute contribution

from smelting, with improved ferroalloy prices, despite

running at lower utilization for the year

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Negative contribution from mining segment due to

A$

A$78 m

$100

$0

FY2017

FY2018

FY2019

FY2020

FY2021

-$100

Mining Smelting Trading Associates Others D&A

sustained higher freight, and costs associated with end

of mining

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Similarly reduced contribution from associates due to

elevated freight

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Consistent contribution from trading

*Adjusted EBITDA is defined as operating profit before depreciation and amortisation, impairment write-back/expense, net finance costs, income tax, and other non-cash items. Adjusted EBITDA is not a uniformly defined measure and other companies in the mining industry may calculate this measure differently. Consequently, the Group's presentation of Adjusted EBITDA may not be readily comparable to other companies' disclosures.

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Disclaimer

OM Holdings Limited published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 08:40:05 UTC.