Slide 1: FY12 Full Year Financial Results
For personal use only Evolution Mining FY12 Full Year Financial Results 30 August 2012 Tim Churcher - VP Finance & Chief Financial Officer
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following. This presentation includes fo
Slide 3: FY12 Corporate Highlights
FY12 Corporate Highlights For personal use only Successful merger delivers as planned Merger implemented successfully FY12 group production and cost guidance met Solid underlying profit result of A$63 million (for partial year ownership) Investment of A$244 million in operational predictab
Slide 4: FY2012 Financial Highlights
FY2012 Financial Highlights For personal use only Growth in all key metrics Gold production increased by 192% to 280,4011 (attributable) ounces Sales revenue increased by 285% to $469.5 million Underlying net profit increased by 4,010% to A$63.4 million Reported net profit increased by 1,7
Slide 5: Profit
Profit For personal use only Underlying profit of A$63.4 million 30-Jun-12 30-Jun-11 % increase 12 months ending A$k A$k (decrease) Total Revenue 469,484 121,870 285% Underlying EBITDA 189,991 28,831 559% Underlying EBIT 95,979 8,556 1,022% Underlying Net Profit 63,395 (1,621) 4,010% Business comb
Slide 6: Non-recurring Items
Non-recurring Items For personal use only FY2012 A$k A$k Pre-tax Post-tax Business combination costs (28,518) (19,963) Fair Value uplift on 30% Cracow holding 2,757 1,930 Tax effect of permanent differences (8,050) (8,050) Total Non-recurring Items (33,811) (26,083) Business combination cost predo
Slide 7: FY12 Production and Cost Results
FY12 Production and Cost Results For personal use only Group Production 280,401oz (attributable) at A$771/oz cash cost (oz) Group gold production Cash cost 300,000 A$771/oz 250,000 Pajingo 57,154oz 200,000 Mt Rawdon 71,205oz 150,000 Cash cost A$956/oz Edna May 100,000 73,264oz Edna May 50,000 65,5
Slide 8: Sales Revenue
Sales Revenue For personal use only Sales revenue grows by 285% to A$469 million Sales Revenue Au Price Received (A$k) (A$/oz) 140,000 $129M 1,700 $122M 120,000 $116M 1,675 $102M 1,650 100,000 1,625 80,000 $1,618/oz 1,600 $1,607/oz $1,616/oz 60,000 1,575 $1,570/oz 1,550 40,000 1,525 20,000 1,500 0
Slide 9: Site EBITDA
Site EBITDA For personal use only Operations deliver record underlying EBITDA* of A$225 million EBITDA (A$k) Contribution to site EBITDA 33% 29% 20% 18% 80,000 $74M $65M 60,000 $45M $41M 40,000 20,000 0 Mt Rawdon Cracow Edna May Pajingo A reliable and profitable portfolio has been established * Si
Slide 10: Depreciation & Amortisation
Depreciation & Amortisation For personal use only D&A Charge of A$93.6 million driven by fair value uplift of acquired assets A$k Asset base (PP&E + Mine Development) 300,000 A$272M A$254M D&A charge 250,000 in FY12 200,000 A$177M A$165M A$155M 150,000 100,000 $35M $19M $28M $12M 50,000 $496/oz $3
Slide 11: Cash Flow
Cash Flow For personal use only Strong underlying cashflow from operations of $172M FY2012 Cash flow A$M Opening Cash at 30 June 2011 30.1 Cash inflow from operations 172.3 - cash received from sales 448.5 - operating costs, corporate & expl. (275.5) - net interest paid (0.7) Cash inflow from fina
Slide 12: Capital Expenditure
Capital Expenditure For personal use only Total of A$244 million invested for future growth Capital Expenditure Edna May A$44M New operations Mt Carlton Existing operations A$941M A$94M1 A$150M - $85M direct project capital Cracow - predominantly open pit stripping - Commissioning planned by end A
Slide 13: Discovery Expenditure
Discovery Expenditure For personal use only A$18.5 million invested in Exploration in FY12 Mt Rawdon A$581k Mt Carlton A$2,587k Exploration expense of $5.5 million recorded in FY12 Pajingo A$7,579k - 30% expensed/70% capitalised Cracow - reflects near-mine exploration A$3,249k drilling with limite
Slide 14: Balance Sheet
Balance Sheet For personal use only Conservative balance sheet maintained 12 months ending 30-Jun-12 A$k Current assets 219,173 Current liabilities 137,382 Healthy current ratio Net current assets 81,791 Low gearing ratio Current ratio 1.6 Total interest-bearing liabilities 35,845 Net Assets/T
Slide 15: FY13 Guidance
FY13 Guidance For personal use only Growth planned for FY13 Full year ownership drives increased production Initial contribution from Mt Carlton Guidance FY2013 Gold Equivalent Production Cash Operating Costs (oz) (A$/oz) Cracow 90,000 – 100,000 780 – 820 Pajingo 85,000 – 90,000 730 – 780 Mt R
Slide 16: Globally Competitive
Globally Competitive For personal use only Strong operating and financial results delivered after only 8 months from formation Australian diversified gold producer – alternate investment opportunity Operational predictability – delivering to promise Proven management team Financial strengt
Slide 17: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au