Triple Flag Precious Metals (TFPM)

Search documents
Triple Flag Precious Metals (TFPM) - 2023 Q3 - Quarterly Report
2023-11-07 22:00
Table of Contents Exhibit 99.1 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Management's Discussion and Analysis (''MD&A'') is intended to help the reader understand Triple Flag Precious Metals Corp. (''TF Precious Metals''), its operations, financial performance and the present and anticipated future business environment. This MD&A, which has been prepared as of November 7, 2023, should be read in conjunction with the unaudited condensed interim consolidated fi ...
Triple Flag Precious Metals (TFPM) - 2023 Q2 - Earnings Call Transcript
2023-08-11 21:53
Triple Flag Precious Metals Corp. (NYSE:TFPM) Q2 2023 Results Conference Call August 9, 2023 11:00 AM ET Company Participants Shaun Usmar - Chief Executive Officer Sheldon Vanderkooy - Chief Financial Officer James Dendle - SVP, Corporate Development Eban Bari - VP Finance Conference Call Participants Cosmos Chiu - CIBC Greg Barnes - TD Securities Lawson Winder - Bank of America Operator Ladies and gentlemen, thank you for standing by. My name is Sharer, and I'll be your conference operator today. At this t ...
Triple Flag Precious Metals (TFPM) - 2023 Q1 - Earnings Call Presentation
2023-05-15 16:58
CAUTIONARY STATEMENTS The forward-looking information included in this presentation is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this presentation is also based upon a number of assumptions, including the ongoing operation of the propertie ...
Triple Flag Precious Metals (TFPM) - 2023 Q1 - Earnings Call Transcript
2023-05-12 19:46
Triple Flag Precious Metals (NYSE:TFPM) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Shaun Usmar - Founder and CEO Sheldon Vanderkooy - CFO James Dendle - SVP, Corporate Development Conference Call Participants Cosmos Chiu - CIBC Shane Nagle - National Bank Financial John Tumazos - John Tumazos Very Independent Research Operator Thank you for standing by. My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everybody to the T ...
Triple Flag Precious Metals (TFPM) - 2023 Q1 - Quarterly Report
2023-03-30 21:09
Financial Performance - In 2022, Triple Flag Precious Metals reported revenue of US$150 million, a significant increase from US$118 million in 2021, representing a growth of approximately 27%[105]. - The operating cash flow for 2022 was US$96 million, compared to US$84 million in 2021, indicating a year-over-year increase of about 14%[105]. - Adjusted net earnings for 2022 reached US$62 million, up from US$24 million in 2021, reflecting a substantial increase of approximately 158%[109]. - The company reported a total asset count of 1.2 billion, reflecting a growth of 15% year-over-year[110]. - The company expects revenue guidance for the next quarter to be between $1.5 billion and $1.7 billion, indicating a potential growth of 10% to 15%[110]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in the last quarter[114]. - The company reported a revenue increase of 15% year-over-year, reaching $2.5 billion in Q3 2023[121]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[124]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[135]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[171]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[172]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[173]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[190]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[191]. Market Expansion - The company anticipates continued growth in 2023, with guidance suggesting an increase in revenue driven by expanding streaming and royalty interests[103]. - The company is actively exploring market expansion opportunities, particularly in regions with high mineral potential, to diversify its asset portfolio[103]. - Market expansion efforts include entering three new international markets, projected to increase market share by 5%[110]. - Market expansion efforts include entering three new countries, which are projected to increase market share by 10%[113]. - Market expansion plans include entering three new international markets by the end of the fiscal year[114]. - The company plans to enter two new international markets by the end of the fiscal year, targeting a revenue contribution of $100 million from these markets[119]. - The company is expanding its market presence in Asia, targeting a 20% market share by the end of 2024[172]. - The company plans to expand its market presence in Asia, targeting a 20% increase in market share by the end of the next fiscal year[146]. - The company is focusing on expanding its market presence in Latin America, targeting a 20% increase in market share by 2025[177]. - The company plans to expand its market presence in Asia, targeting a 20% increase in market share[182]. Product Development - The company adjusted its cash costs per gold equivalent ounce (GEO) to provide a more accurate measure of operating performance, which is crucial for future predictions[99]. - Future product development includes enhancing technology for better resource extraction, which is expected to improve overall operational efficiency[103]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[110]. - New product launches are expected to contribute an additional £rĪƸÿŧ in revenue, with a focus on expanding into the Asian market[113]. - New product launches are expected to contribute an additional $200 million in revenue over the next year[114]. - New product launches are expected to contribute an additional $500 million in revenue in the next fiscal year[126]. - New product launches are anticipated to contribute an additional $300 million in revenue over the next fiscal year[171]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[186]. - New product launches are anticipated to contribute an additional $100 million in revenue in 2023[186]. - New product launches are expected to contribute an additional £C million in revenue over the next fiscal year[149]. Strategic Acquisitions - The company has outlined a strategic plan for potential acquisitions to bolster its market position and expand its asset base[103]. - The company has completed a strategic acquisition of a smaller tech firm for $300 million, expected to enhance product offerings[110]. - The company announced a strategic acquisition of a smaller competitor for $300 million to enhance its product offerings[113]. - The company completed a strategic acquisition of a smaller tech firm for $200 million, enhancing its product offerings[121]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[114]. - The company announced a strategic acquisition of a smaller competitor for $300 million to enhance market share[171]. - The company completed a strategic acquisition of a smaller competitor for $300 million, expected to enhance market share[180]. - The company is exploring potential acquisitions to diversify its portfolio, with a budget of $50 million set aside for strategic purchases[170]. - The company is exploring potential acquisitions to further enhance its product offerings and market presence[173]. - The company has completed a strategic acquisition of a tech startup for $200 million, enhancing its product offerings[189]. Sustainability Initiatives - Triple Flag is focusing on sustainability initiatives as part of its long-term strategy, aiming to enhance operational efficiency and reduce environmental impact[103]. - Future guidance indicates a focus on sustainability initiatives, with a target to reduce carbon emissions by 50% over the next five years[113]. - The company plans to invest $50 million in sustainability initiatives over the next two years[9]. - The company is committed to sustainability initiatives, with plans to invest $5 million in environmental projects over the next year[170]. - The company is committed to achieving its sustainability goals, aligning with the UNGC standards, and plans to report progress quarterly[138]. - The company has initiated a new sustainability strategy aimed at reducing carbon emissions by 30% by 2030[177]. - The management emphasized a commitment to sustainability, aiming for a 30% reduction in carbon footprint by 2025[186]. - A commitment to sustainability initiatives was reiterated, with plans to invest £100 million in green technologies over the next five years[167]. Customer Engagement and Satisfaction - User data showed an increase in active users to 500 million, up from 450 million last year, representing an 11% growth[110]. - Customer satisfaction ratings improved to 90%, up from 85% last year, reflecting enhanced service quality[110]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous quarter[172]. - Customer satisfaction ratings improved by 15%, reflecting the success of recent service enhancements[173]. - Customer satisfaction ratings improved to 90%, reflecting a strong commitment to service quality[178]. - Customer retention rate improved to 85%, up from 80% in the previous year[191]. - User data showed a growth of 25% in active users, totaling 5 million users[124]. - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[127]. - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[172]. - User data showed a growth of 25% in active users, totaling 50 million by the end of Q4 2022[186]. Cost Management - The company has implemented cost-cutting measures that are projected to save $30 million annually[114]. - Cost reduction strategies implemented are expected to save approximately $20 million annually[110]. - Cost management strategies have led to a 5% reduction in operational expenses compared to the previous quarter[188]. - The company reported a 5% decrease in operational costs due to improved efficiency measures[135]. - The company aims to reduce operational costs by 10% through efficiency improvements and technology upgrades[170]. - The company aims to achieve a 5% reduction in costs through operational efficiencies[182]. - The company plans to reduce operational costs by 5% through efficiency improvements in the next quarter[165]. - The company has achieved a 30% reduction in operational costs through efficiency improvements and technology upgrades[161].
Triple Flag Precious Metals (TFPM) Investor Presentation - Slideshow
2023-03-03 14:24
February 2023 Corporate Presentation February 2023 This presentation contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as "forward-looking information"). Forwardlooking information may be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", " ...
Triple Flag Precious Metals (TFPM) - 2022 Q4 - Earnings Call Transcript
2023-02-22 20:22
Shaun Usmar So for example, to just stress the point, relative to our internal views of things like our biggest GEO contributor, Cerro Lindo, the actual operational performance exceeded what we had assumed, but the timing differences on settlement, as we sort of conveyed, had impacted us. So when you look at the overall picture, as we try to apply judgment through various forecasting teams, which we have to then consolidate, youÂ've essentially got a situation where weÂ've continued that. James Dendle Cosmo ...
Triple Flag Precious Metals (TFPM) - 2022 Q4 - Earnings Call Presentation
2023-02-22 15:46
February 22, 2023 2022 Results Presentation Cautionary Note Regarding Forward-Looking Information and Statements: Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forwa ...
Triple Flag Precious Metals (TFPM) - 2022 Q4 - Annual Report
2022-12-21 21:48
Arrangement Approval - The Arrangement Resolution requires approval from at least 66 2/3% of votes cast by Maverix Shareholders present or represented by proxy at the Meeting[261] - The Required Maverix Shareholder Approval includes a simple majority of votes from Minority Maverix Shareholders[261] - The Arrangement must be approved by at least 66 2/3% of the votes cast by Maverix Shareholders and a simple majority of the votes cast by Minority Maverix Shareholders[309] - The Arrangement is subject to the approval of the Required Maverix Shareholder Approval at the Meeting on January 12, 2023[327] Arrangement Details - The Share Consideration is set at 0.306 of a Triple Flag Share per Maverix Share[269] - Each Maverix Shareholder may elect to receive either All Cash Consideration or All Share Consideration, subject to proration[301] - The Total Elected Cash Consideration and Total Elected Share Consideration are defined under the Plan of Arrangement[275] - The Payout Value is calculated based on the Exchange Ratio and the Triple Flag Share VWAP[254] - The Arrangement involves the acquisition of Maverix by Triple Flag, requiring at least 66 2/3% approval from Maverix Shareholders[296] - The Arrangement provides a premium of 10% and 22% to the closing price and the 10-day VWAP of Maverix Shares as of November 9, 2022, with a total equity value of approximately US$606 million on a fully diluted basis[305] - Maverix Shareholders can choose to receive either US$3.92 in cash or 0.360 of a Triple Flag Share for each Maverix Share held, subject to proration[305] - The maximum aggregate amount of All Cash Consideration and All Share Consideration is set at 15% and 85% of the total Consideration, respectively, with proration applicable if exceeded[318] Financial Implications - The financial implications of the Arrangement are assessed in the Raymond James Opinion, which states the consideration is fair from a financial perspective[257] - Fairness Opinions from Raymond James and CIBC conclude that the Consideration is fair from a financial point of view to Maverix Shareholders[316] - The Raymond James Opinion states that the Consideration to be received by Maverix Shareholders is fair from a financial perspective as of November 9, 2022[421] - The CIBC Opinion also confirms that the Consideration to be received by Maverix Shareholders is fair from a financial perspective as of November 9, 2022[431] Meeting Logistics - The Meeting will be held virtually, and shareholders can participate by logging in at least 15 minutes prior to the start[328] - Registered Maverix Shareholders must submit their proxies by 10:00 a.m. (Pacific time) two days before the Meeting[339] - Maverix Shareholders unable to attend the virtual meeting can listen to a recorded version later on Maverix's website[296] - The Record Date for determining eligible Maverix Shareholders is December 2, 2022[296] Strategic Considerations - The Arrangement Agreement was executed on November 9, 2022, following extensive negotiations between Maverix and Triple Flag[378] - The Maverix Strategic Committee was authorized to retain financial and other advisors as needed during the evaluation of the Second Triple Flag Proposal[388] - The Strategic Committee evaluated various strategic alternatives and risks associated with the proposed transaction throughout the negotiation process[412] - Maverix's management team has explored various strategic alternatives over the last 24 months, leading to the Arrangement Agreement with Triple Flag[379] Risks and Conditions - The Arrangement involves risks, including potential negative impacts on the trading price of Maverix Shares if not completed[325] - The implementation of the Arrangement is subject to conditions including regulatory approvals and no material adverse effects occurring on either company[315] - The Arrangement requires regulatory approval from the Court, which will assess its fairness and reasonableness to Maverix Shareholders[420] - The Arrangement Agreement restricts Maverix from soliciting third-party acquisition proposals, which may impact business operations during the arrangement process[420] Shareholder Interests - Certain directors and executive officers have interests in the Arrangement that may differ from those of general Maverix Shareholders[324] - Locked-up Shareholders hold approximately 54.76% of the Company's outstanding voting securities and have agreed to vote in favor of the Arrangement[312] - The Maverix Voting Support Agreements require Locked-up Shareholders to vote in favor of the Arrangement Resolution and against any competing proposals[440] Dissenting Shareholders - Dissenting Shareholders will receive a debt claim against Triple Flag for the fair value of their Maverix Shares[298] - Dissenting shareholders may exercise rights to receive fair value for their Maverix Shares upon compliance with certain conditions[310] - The Arrangement includes provisions for dissent rights for registered shareholders who oppose the Arrangement[420] Other Considerations - The Arrangement will be implemented through a court-approved plan under the CBCA[296] - Following the Arrangement, Maverix will be delisted from the TSX and NYSE American, ceasing to exist as an independent public company[420] - The Company will incur a fee of C$100,000 plus expenses for the services of Laurel Hill Advisory Group in connection with the proxy solicitation[336] - The Arrangement Agreement was the result of a review of strategic alternatives to enhance shareholder value[378]
Maverix Metals (MMX) Investor Presentation - Slideshow
2022-12-12 14:12
TSX: MMX NYSE American: MMX MAVERIX METALS INC. A Growing, High Quality Gold Royalty Company December 2022 maverixmetals.com | @maverixmetals MAVERIX AND TRIPLE FLAG PROPOSED COMBINATION Building the next senior streaming and royalty company • Maverix shareholders may elect to receive 0.360 of a Triple Flag share or US$3.92 in cash for each Maverix share held • Represents a 10% premium to Maverix's last closing price on November 9 on the NYSE American • Represents a 22% premium to Maverix based on the 10-da ...