Slide 1: Full Year Results for the year ending 30 June 2017
For personal use only Mine Gold. Create Value. Full Year Results for the year ending 30 June 2017
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation includes certain statements, estimates and projections with respect to the future performances of Resolute. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove
Slide 3: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. 3
Slide 4: Mine Gold. FY17 production and cost highlights
Mine Gold. For personal use only FY17 329,834oz Total Gold Production A$1,132/oz All-In Sustaining Cost (AISC) 317,242oz A$1,717/oz Total Gold Sold Average Price Received (A$/oz) 4
Slide 5: Create Value. FY17 financial highlights
Create Value. For personal use only FY17 A$541M A$177M Revenue from gold and silver sales Gross profit from operations A$166M Net Profit after tax $A290M Cash, Bullion & Listed Investments 5
Slide 6: FY17 returns and cash flow highlights
Create Value. For personal use only FY17 49% Return on Equity 18.6 c $A136M Diluted earnings per share Net financing cash inflow A$186M Net operating cash inflow $A128M Net investing cash outflow 6
Slide 7: Resolute gold dividend
Resolute gold dividend For personal use only Resolute has an innovative partnership with The Perth Mint to provide shareholders the unique opportunity to receive dividend payments in gold. 2.0 cents per share dividend in cash or gold Your gold awaits 7
Slide 8: Financial performance
Financial performance For personal use only 2017 2016 Revenue from Gold and Silver Sales A$541M A$555M Gross profit from operations A$177M A$155M Net Profit After Tax A$166M A$201M Return on equity 49% 122% Diluted earnings per share 18.6 cents 26.1 cents 8
Slide 9: Operating performance
Operating performance For personal use only 2017 2016 Total Gold Sold 317,242oz 340,540oz Total Gold Sold Average Price A$1,717/oz A$1,624/oz (US$1,184/oz) (US$1,295/oz) Total annual gold production 329,834oz 315,169oz All-in-Sustaining Cost A$1,132/oz A$1,200/oz (US$874/oz) (US$853/oz) 9
Slide 10: Balance sheet and cash flow
Balance sheet and cash flow For personal use only 2017 2016 Net Assets A$649M $338M Cash, Bullion & Investments A$290M A$102M Net Cash & Bullion/(debt) A$248M A$75M Net Operating Cash Flows A$186M A$193M Dividend 2.0 cents 1.7cents 10
Slide 11: Investing for a long term future
Investing for a long term future For personal use only Free cashflow after significant capital expenditure A$M FY2017 Cash Flows 410 390 370 350 330 310 290 270 250 230 210 190 170 150 130 110 90 Cash & Syama Ravenswood Debt/Equity Exploration Capital Investing Bibiani Corporate Cash & Bullion Proje
Slide 12: Three years running… track record of strong operating performance
Three years running… For personal use only Track record of strong operating performance FY15 FY16 FY17 Original Guidance 315koz 315koz 300koz Production Actual 329koz 315koz 330koz (oz) Achieved ✔ ✔ ✔ Original Guidance A$1,280/oz A$1,280/oz A$1,280/oz AISC Actual A$1,094/oz A$1,200/oz A$1,132/oz (A$
Slide 13: Increasing profits from operations
Increasing profits from operations For personal use only Strong operating performance reflected in financial results A$M Gross Profit from Operations 200 180 160 140 120 100 80 60 40 20 0 Jun-15 Jun-16 Jun-17 13
Slide 14: Cashflows to fund growth
Cashflows to fund growth For personal use only A financial turnaround driven by free cashflow generation A$M Cash & bullion net of debt 300 250 200 150 100 50 0 -50 -100 Jun-15 Jun-16 Jun-17 14
Slide 15: Long life, large scale assets
Long life, large scale assets For personal use only Three assets across Australia and West Africa Syama Gold Ravenswood Bibiani Gold Mine Gold Mine Mine Mali, West Africa Queensland, Australia Ghana, West Africa Resolute has a successful A successful operating history Resolute acquired the Bibiani G
Slide 16: Syama Gold Mine
Syama Gold Mine For personal use only Operation Highlights FY17 Operating Performance Ore Mined Ore Milled Head Grade Recovery Total Production AISC (t) (t) (g/t) (%) (Gold oz) A$/oz Syama Sulphide 1,215,153 2,106,371 2.59 69.8 136,000 1,001 Syama Oxide 1,319,596 1,340,097 2.84 83.2 101,830 960 Syam
Slide 17: Rapid underground development
Rapid underground development For personal use only Automated drilling exceeding expectations • Automated drilling and longer rounds delivering rapid underground development • Underground mine development has advanced more than 3km • First development ore has commenced ramping up to 500kt in current
Slide 18: Ravenswood Gold Mine
Ravenswood Gold Mine For personal use only Operation Highlights FY17 Operating Performance Ore Mined Ore Milled Head Grade Recovery Total Production AISC (t) (t) (g/t) (%) (Gold oz) A$/oz FY17 Actual 2,366,159 1,995,292 1.54 93.1 92,004 1,406 FY18 Production Guidance Gold Production AISC AISC (oz) (
Slide 19: Project delivery timeline
Project delivery timeline A pathway to growth across three assets For personal use only FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Ravenswood Gold Mine Nolans East Mining Processing Open pit stockpiles Processing (as required) Mt Wright Mining Buck Reef West Exploration & Permit
Slide 20: Exploration for growth
Exploration for growth For personal use only Exploring to expand the business, not stay in business 40 Exploration Budget vs Average Mine Life 14 35 12 30 10 Exploration Budget FY18e (A$M) Average Mine Life 25 8 20 6 15 4 10 2 5 0 0 Resolute Northern Star Saracen Regis Resources St Barbara Resolute
Slide 21: RSG Opportunity
RSG Opportunity Analyst 12 month targets: 100% ‘BUY’ For personal use only Shareprice 2.3 2.1 1.9 1.7 1.5 A$ 1.3 1.1 0.9 0.7 0.5 4/12/2016 4/01/2017 4/02/2017 4/03/2017 4/04/2017 4/05/2017 4/06/2017 4/07/2017 21
Slide 22: Mine Gold. Create Value.
Mine Gold. Create Value. For personal use only Scale Longevity Value 12yrs@ Syama P/NAV 5.6 Moz Reserves 13yrs @ Ravenswood 0.6 x Balance sheet Track Record Growth $290MCash, Bullion & Listed Investments 28 yrs 8Moz producing& counting Nafolo Bibiani Tabakaroni 22
Slide 23: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. www.rml.com.au 23