Anglo Pacific Group PLC: Preliminary Results

Preliminary Results for the year ended December 31, 2013

LONDON, UNITED KINGDOM--(Marketwired - Feb 20, 2014) - Anglo Pacific Group PLC ('Anglo Pacific', the 'Company' or the 'Group') (LSE: APF) (TSX: APY) is pleased to announce preliminary results for the twelve months ended December 31, 2013. These are available on both the Group's website at www.anglopacificgroup.com and on SEDAR at www.SEDAR.com.

• Recommended final dividend of 5.75p per share, maintaining total dividend for 2013 of 10.2p (2012: 10.2p)
• Gross royalty income of £14.7m (2012: £15.2m (restated))
• Operating profit of £11.3m (2012: £11.2m (restated))
• Loss after tax of £42.5m (2012: profit £11.6m (restated))
• Earnings per share of (39.01)p (2012: 10.67p (restated))
• Adjusted profit after tax of £9.1m (2012: £9.4m (restated)), resulting in adjusted earnings per share of 8.39p (2012: 8.69p (restated))
• Appointment of Julian Treger and Mark Potter as Chief Executive Officer ("CEO") and Chief Investment Officer ("CIO") respectively on October 21, 2013, bringing a strong track record of successful investment in the mining sector
• New management team are focused on acquiring near-term, cash producing royalties
• Cash and cash equivalents of £15.7m (2012: £24.0m)
• US$15.0m twelve-month unsecured revolving credit facility signed in February 2014, which is currently undrawn and provides additional funding flexibility
• Net assets of £216.9m (2012: £301.0m (restated))
• Non-cash impairment charge of £34.6m (2012: £11.4m (restated)), predominantly relating to strategic equity investments
• Completion of Rio Tinto Limited ("Rio Tinto") US$2bn capex program coupled with production commencement at Kestrel South underlining Rio Tinto's commitment to Kestrel
• Signing of co-investment agreement with FlowStream Commodities Ltd ("FlowStream"), providing an opportunity to increase exposure to oil and gas royalties

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http://www.rns-pdf.londonstockexchange.com/rns/5168A_1-2014-2-20.pdf



For further information:

Anglo Pacific Group PLC
+44 (0) 20 3435 7400
Julian Treger,Chief Executive Officer

Kevin Flynn, Chief Financial Officer

Georgia Vranaki, Head of Marketing and Investor Relations

Liberum Capital
+44 (0) 20 3100 2000
Chris Bowman / Ryan de Franck

BMO Capital Markets Limited
+44 (0) 20 7664 8121
Neil Haycock / Tom Rider

Bell Pottinger
+44 (0) 20 7861 3232
Nick Lambert / Lorna Cobbett