Latest Financials - Dec 2016 Quarterly Report out

Latest Financials - Dec 2016 Quarterly Report out

http://www.atlasiron.com.au/irm/PDF/7995_0/At...tiesReport

Highlights

*Net operating cashflow of A$56M after interest, contractor profit share and
realised hedge impact

*4.0M WMT shipped in the December 2016 Quarter (Sept 2016 Qtr: 4.1M WMT)

*Average realised price (inclusive of low-grade Value Fines product and
realised hedge impacts) of A$66/WMT CFR (Sept 2016 Qtr: A$54/WMT CFR)

*C1 Operating Costs of A$34/WMT FOB (Sept 2016 Qtr: A$34/WMT FOB)

*Full Cash Costs of A$55/WMT CFR (Sept 2016 Qtr: A$50/WMT CFR) following
increase in freight rates and other revenue-based payments

*A$54M of debt repaid in January 2017, reducing Term Loan B debt to A$118M
after foreign exchange impact (30 Sept 2016: A$177M), in addition to A$19M
of interest & principal repaid during the December 2016 Quarter

*Cash on hand at 31 December 2016 of A$134M pre the A$54M debt repayment
(30 Sept 2016: A$95M)

*In January 2017, S&P Ratings Services upgraded its corporate and senior
secured credit ratings on Atlas to “B-” from “CCC”