Regis Resources Limited · ASX:RRL

Regis Resources — FY2017 Earnings Presentation

14 slides from Regis Resources's earnings presentation, Aug 29, 2017

1. Slide 1: Regis Resources Ltd 2017 Full Year Financial Results

   1 1 REGIS RESOURCES LTD 2017 FULL YEAR FINANCIAL RESULTS

2. Slide 2: Disclaimer & Competent Persons Statement

   DISCLAIMER & COMPETENT PERSONS 22 STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis’

3. Slide 3: FY2017 – Financial Results Highlights

   FY2017 – FINANCIAL RESULTS HIGHLIGHTS 3 3 STRONG FINANCIAL RESULTS  Net profit after tax up 24% to $138.2 million  Revenue up 8% to $543.8 million • 4% higher gold sales volume and 6% higher delivered gold price of $1,691/oz  EBITDA up 8% to $253.3 million • EBITDA margin 46.6% in line with 2016

4. Slide 4: Strong Performance on All Profit Measures

   STRONG PERFORMANCE ON ALL 4 4 PROFIT MEASURES Revenue Net Profit After Tax 600 544 160 502 138 465 140 500 120 112 400 372 $ $ MILLIONS $ MILLIONS 100 87 300 80 55 60 200 40 100 20 0 0 2014 2015 2016 2017 2014 2015 2016 2017 EBITDA Earnings & Dividend per Share 300 100.0% 30.0 27.6 253 234 EBITDA/RE

5. Slide 5: Cashflow Waterfall

   5 CASHFLOW WATERFALL 5 Cash & Gold on Hand - FY2017 $375m $325m ($80.1m) $256.1m $275m ($49.6m) ($35.6m) $225m ($24.9m) $175m ($36.2m) $4.3m ($5.7m) $151.7m $123.3m $125m $75m Strong cash-flow from operations of $256.1m1 for FY2017 underpinned payment of $80.1 million in dividends during the year. 1

6. Slide 6: Dividend

   6 DIVIDEND 6  Final dividend declared 8 cents per share fully franked ($40 million)  Interim dividend 7 cps fully franked ($35m paid March 2017)  Final dividend (8cps) payout key metrics: • 4.1% basic dividend yield* • 5.8% grossed up (for 100% franking) dividend yield*  Full year dividend (15%)

7. Slide 7: Review of FY2017 Operations

   REVIEW OF FY2017 OPERATIONS 7 7 DUKETON CONTINUES TO DELIVER STRONG CASHFLOW FY17 FY16 OPERATIONS Ore mined (Mbcm) 4.6 4.6  Q4 gold production 90,428 ounces  Run rate above FY16 and FY17 guidance of 300-330koz Waste mined (Mbcm) 25.6 22.6  FY17 production 324,353 oz at top end of guidance Strippi

8. Slide 8: Maintaining or Expanding Margin

   MAINTAINING OR EXPANDING 8 8 MARGIN 2,000 1,800 1,600 1,400 A$ per ounce 1,200 1,000 800 600 400 200 0 1-Jul-15 1-Oct-15 1-Jan-16 1-Apr-16 1-Jul-16 1-Oct-16 1-Jan-17 1-Apr-17 GP Delivered price AISC Operating Margin Linear (Operating Margin) Margin between delivered gold price and Duketon AISC has b

9. Slide 9: Growing Duketon Reserves

   GROWING DUKETON RESERVES 9 9 DUKETON GOLD RESERVES 2009 - 2017 2,100 3.4Moz 2.2Moz 1,600 RESERVES OUNCES (000’s) 1,100 0.6Moz 1.9Moz 600 100 2009 reserve Mining depletion Discovery Current reserves -400 -900 -1,400 • Strong performance of reserve building and production replacement. • Reflects the a

10. Slide 10: Operations Outlook

    10 OPERATIONS OUTLOOK 10 FY2018 GUIDANCE  Gold production 335,000 – 365,000 ounces  Cash costs $770 – $840 per ounce  AISC $940 – $1,010 per ounce  Growth Capex: $23m  Majority of growth capital related to pre production mining of Baneygo and Tooheys Well satellite operations  FY18 production

11. Slide 11: Duketon Gold Project Growing Production

    DUKETON GOLD PROJECT 11 11 GROWING PRODUCTION 400 360 365 2018 Ounces (000’s) GUIDANCE 335 320 280 324 305 240 200 2016 2017 2018

12. Slide 12: Summary

    12 SUMMARY 12 FINANCIALS  Net profit after tax of 138.2 million up 24% from 2016  EBITDA up 8% to 253.3 million and EBITDA margin maintained at 46.6%  Strong cash flow in FY2017 with net cash from operations of $206.1m  Industry leading dividend payout ratio continues with final dividend of 8cps

13. Slide 13: JORC Compliant Ore Reserve Estimates March 2017

    APPENDIX 1 JORC COMPLIANT 13 13 ORE RESERVE ESTIMATES 31 MARCH 2017 Group Ore Reserves as at 31 March 2017 Gold Proved Probable Total Ore Reserve Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type 2 Person3 (g/t) (Mt) (g/t) (koz) (Mt

14. Slide 14: JORC Compliant Mineral Resources March 2017

    APPENDIX 2 14 14 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2017 Group Mineral Resources as at 31 March 2017 Gold Measured Indicated Inferred Total Resource Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Ty

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