Paladin Energy Ltd.

Paladin Energy Ltd.

Paladin Energy Ltd.

Overview
Date Founded

1993

Headquarters

502 Hay Street,Level 4,Subiaco, Western Australia (WA) 6008

Type of Company

Public

Employees (Worldwide)

165

Industries

Other Raw Materials
Non-Energy Mining & Minerals

Company Description

Paladin is listed on the Australian Securities Exchange, Toronto Stock Exchange and Namibian Stock Exchange under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with projects currently in Australia and two operating mines in Africa with a strategy to become a major uranium mining house. Since 1998, during a period of sustained downturn in global uranium markets, Paladin accumulated a quality portfolio of advanced uranium projects each having production potential. The Langer Heinrich Mine in Namibia is Paladin’s flagship project. Having reached its initial production of 2.7Mlb U3O8 per annum in 2008, the mine completed its Stage 2 ramp-up to 3.7Mlb per annum in the 2010 financial year. Subsequently, the Company has completed a Stage 3 expansion and is now producing at a 5.2Mlb per annum rate. The Kayelekera Mine in Malawi, the Company’s second mine, provides an excellent follow-up to Langer Heinrich. A Development Agreement with the Government of Malawi was executed in February 2007, which provides fiscal stability for the project for ten years. KM was officially opened in April 2009 and is now operating at design production rates of 3.3Mlb U3O8. Project life is expected to run for at least an additional 8 years with exploration underway to identify feedstocks to extend the current project life. Paladin also holds an 82.08% interest in Summit Resources Limited (ASX Code:SMM)

Executives & Employees

Chief Executive Officer

Chief Financial Officer

General Manager-Technical Project Development

General Manager-Sustainable Development

Group Company Secretary

Joint Secretary

Investor Relations Contact

Board of Directors

Former Director at Tian An Australia Ltd.

Joint Secretary & Non-Executive Director at East Energy Resources Ltd.

Technical Director at Australian Vanadium Ltd.

Principal at Tembo Capital Management Ltd.

Former Fund Manager at Solaris Investment Management Ltd.

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Owners & Shareholders
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Paradice is an active, medium- to long-term manager which employs a bottom-up approach including qualitative and quantitative analyses to invest in small, mid, large and global equities. They invest globally but have a focus on Australia.The firm aims to buy shares which they believe are underpriced and expect to grow at rates greater than the market, favoring well-managed, good value companies that have significant growth opportunities due to competetive advantage.Paradice's company visitation program utilizes proven valuation techniques and models including Price to Earnings, yield, free cashflow, discounted cashflow, EBIT, sales margin, revenue and profit growth half by half, enterprise valuation multiple, interest coverage, return on assets, return on equity and return on incremental capital employed.In addition, they assess potential companies' financial statements, the industry in which they operate, their market position, comparative advantage, business strategy, operating systems, the quality of their Board and management and whether the key drivers of the business are sustainable.

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BlueBay AM is an active investor with a primary focus on fixed-income credit. They specialize in absolute return strategies and manage portfolios focused on high-yield corporate debt, investment-grade debt and emerging markets debt through three main strategies: long-only funds, long/short funds and structured products.The firm's investment process combines top-down macroeconomic research and bottom-up microeconomic research. Their macroeconomic analysts assess general credit market conditions while their microeconomic analysts focus on fundamental and technical issue/issuer research.The firm uses credit derivatives in order to maximize alpha generation while minimizing market risk.

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Maso Capital is an active manager which utilizes a combination of event-driven equity and convertible bond arbitrage strategies to seek absolute returns for their multi-asset class hedge fund.The firm's geographic focus is on Asia.

Recent Transactions
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Paladin Energy Ltd. purchases Summit Resources Ltd.

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Uranium Africa Ltd. purchases Paladin Energy Ltd /Non-Core Australian Exploration Assets from Paladin Energy Ltd.

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China Uranium Corp., China National Nuclear Co. Ltd. purchase Langer Heinrich Uranium Pty Ltd. from Paladin Energy Ltd.

Transaction Advisors
Investment Advisor

Advised onPaladin Energy Ltd. purchases Summit Resources Ltd.

Legal Advisor

Advised onPaladin Energy Ltd. purchases Summit Resources Ltd.

Legal Advisor

Advised onPaladin Energy Ltd. purchases NGM Resources Pty Ltd.

Advisors & Consultants
Advisor

Chief Executive Officer & Managing Director at Deep Yellow Ltd.

Advisor

Partner at KPMG Australia Pty Ltd.

Advisor

Partner, Advisory Restructuring Services at KPMG Australia Pty Ltd.

Key Stats and Financials As of 2018
Market Capitalization
$308M
Total Enterprise Value
$324M
Earnings Per Share
$0.28
Revenue
$94.1M
Net Profit
$475M
EBITDA
$-57M
EBITDAMargin
-60.55%
Total Debt
$267M
Total Equity
$144M
Enterprise Value Sales
3.44x
TEVNet Income
0.68x
Debt TEV
0.82x
Three Year Compounded Annual Growth Rate Of Revenue
-26.65%
Five Year Compounded Annual Growth Rate Of Revenue
-25.06%
Suppliers
Government of Namibia Government | Windhoek, KH

Competitors
BHP Billiton Ltd. Non-Energy Mining & Minerals - Melbourne, VI

BHP Billiton Ltd. engages in the exploration, development, production, and processing of iron ore, metallurgical coal, and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops, and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium, and gold. The Iron Ore segment mines iron ore. The Coal segment consists of metallurgical coal and energy coal. The company was founded on August 13, 1885 and is headquartered in Melbourne, Australia.

Cameco Corporation Other Raw Materials - Saskatoon, SK

Cameo, headquartered in Chennai, India, is an established Business Process Outsourcing (BPO) service provider, providing services to a wide range of clients. Its main businesses are in the areas of Document Management, Medical Transcription, Data Conversion and Registry & Share Transfer. It has a wide geographical presence in India & US, employing over 1,100 employees. It serves over 350 clients, amongst whom are some of the largest and finest, listed companies in the country. Cameo has an extremely successful track record in being able to manage and process large volumes of transactions for its clients in a time bound manner.

Rio Tinto Ltd. Non-Energy Mining & Minerals - Melbourne, VI

Rio Tinto Ltd. engages in finding, mining, and processing of mineral resources. It operates through the following segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations.The Copper and Diamonds segment produces gold, silver, molybdenum, and by-products. The Energy and Minerals segment offers uranium, borates, salt and titanium dioxide feedstock together with coal operations. The company was founded on December 17, 1959 and is headquartered in Melbourne, Australia.