Slide 1: 2019 Half Year Results Presentation
For personal use only Mine More Gold. Create More Value. Syama: The world’s first purpose built, 2019 Half Year Results Presentation fully automated sub-level cave gold mine For the six months to 30 June 2019
Slide 2: Cautionary Statement
Half Year Results Presentation: For the six months to 30 June 2019 Cautionary Statement For personal use only This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated.
Slide 3: Mine More Gold. Create More Value.
Half Year Results Presentation: For the six months to 30 June 2019 Mako Syama For personal use only Senegal Mali Ravenswood Australia Bibiani Ghana Mine More Gold. Create More Value. 22
Slide 4: Half Year in Review
Half Year Results Presentation: For the six months to 30 June 2019 Half Year in Review For personal use only Syama Underground Mine achieved commercial production rates Ravenswood Expansion Project optimisation progressed; targeting 200,000ozpa for 15 years Major gold inventory upgrades at Tabakoron
Slide 5: Half Year Operational Performance
Half Year Results Presentation: For the six 6 months monthstoto3030June June2019 2019 Mine Gold. For personal use only Half Year Operational Performance 176,237oz US$828/oz Total Gold Production All-In Sustaining Cost (A$1,173/oz) 176,294oz Total Gold Sold US$1,275oz Ave Price Received (A$1,800/oz)
Slide 6: Half Year Financial Performance
Half Year Results Presentation: For the six 6 months monthstoto3030June June2019 2019 Create Value. For personal use only Half Year Financial Performance A$324m A$69m Revenue from Gold and Silver Sales Gross Profit A$78m A$39m EBITDA Net Profit After Tax A$95m 4.71 cents Operating Cash Flow Earnings
Slide 7: Production
Half Year Results Presentation: For the six months to 30 June 2019 Production For personal use only Production by Asset (oz) 200,000 180,000 176,237 160,000 142,749 141,437 140,000 129,199 120,000 100,000 80,000 60,000 40,000 20,000 - H2 17 H1 18 H2 18 H1 19 Syama Ravenswood Note: H1 is the six mont
Slide 8: All-In Sustaining Cost
Half Year Results Presentation: For the six months to 30 June 2019 All-In Sustaining Cost For personal use only All-In Sustaining Cost by Asset Syama (US$/oz) 1,200 A$1,361/oz A$1,240/oz 1,000 A$1,250/oz 800 A$966/oz 600 400 200 - H2 17 H1 18 H2 18 H1 19 Ravenswood (US$/oz) 1,600 A$2,099/oz 1,400 A$
Slide 9: Financial Results Summary
Half Year Results Presentation: For the six months to 30 June 2019 Financial Results Summary For personal use only H1 FY19 H1 FY18 Units Six months to Six months to % Change 30 June 2019 30 June 2018 Financial Performance Revenue A$m A$324m A$243m 33% EBITDA A$m A$78m A$29m 171% Margin % 24% 12% Gro
Slide 10: EBITDA Profile
Half Year Results Presentation: For the six months to 30 June 2019 EBITDA Profile For personal use only EBITDA (A$m) EBITDA Margin (%) 90 30% 80 78.2 70 25% 24% 60 20% 50 15% 40 12% 12% 30 28.8 10% 10% 23.3 21.8 20 5% 10 - 0% H2 17 H1 18 H2 18 H1 19 H2 17 H1 18 H2 18 H1 19 Note: H1 is the six month
Slide 11: Net Profit Reconciliation
For personal use only Net Profit at 30 June 2018 Revenue Production Costs - Syama Production Costs Note: H1 is the six month period to 30 June and H2 is the six month period to 31 December. - Ravenswood Half Year Results Presentation: For the six months to 30 June 2019 Underlying Net Profit After Ta
Slide 12: Cash Flow Reconciliation
For personal use only Note: [xx] Cash and Bullion at 1 July 2018 Syama Net Operating Cash Flow (A$m) Development Syndicated Loan Facility Drawdown Ravenswood Half Year Results Presentation: For the six months to 30 June 2019 Net Operating Bibiani Care & Maintenance Cash Flow Reconciliation Explorati
Slide 13: Health and Safety
Half Year Results Presentation: For the six months to 30 June 2019 Health and Safety For personal use only Improved safety performance driven by effective management of sub-contractors and active management of key operational risks TRIFR down to 2.77 TRIFR of 3.23 at 30 June 2018 12
Slide 14: Syama Automation Control Room
Half Year Results Presentation: For the six 6 months monthstoto3030June June2019 2019 Syama Automation Control Room For personal use only Strong operating and financial performance through successful growth period to larger production base of long life, low cost mines. 13
Slide 15: Mining smarter using advanced technologies
Half Year Results Presentation: For the six 6 months monthstoto3030June June2019 2019 For personal use only Mining smarter using advanced technologies and innovative techniques to create sustainable value for all stakeholders. 14
Slide 16: Resolute Portfolio
Half Year Results Presentation: For the six months to 30 June 2019 Resolute Portfolio For personal use only Syama Mako Ravenswood Bibiani Syama Complex comprises the Syama Mako is a high quality, low-cost At Ravenswood, Resolute is taking steps Bibiani is a potential long life, high Underground Mine
Slide 17: Syama Gold Mine Mali
Half Year Results Presentation: For the six months to 30 June 2019 Syama Gold Mine Mali For personal use only The world’s first fully automated underground gold mine Commercial Production Rates Achieved 16
Slide 18: Mako Gold Mine Senegal
Half Year Results Presentation: For the six months to 30 June 2019 Mako Gold Mine Senegal For personal use only High quality, low cost producing asset with attractive scale Value Accretive Acquisition of Toro Gold announced in July 2019 17
Slide 19: Ravenswood Gold Mine Australia
Half Year Results Presentation: For the six months to 30 June 2019 Ravenswood Gold Mine Australia For personal use only Transitioning to large scale, low cost open pit mining for 15 years Optimisation Study progressing; potential to deliver 200kozpa 18
Slide 20: Bibiani Gold Mine Ghana
Half Year Results Presentation: For the six months to 30 June 2019 Bibiani Gold Mine Ghana For personal use only Long life, high margin growth opportunity Scheme extended; operational readiness planning continues 19
Slide 21: Mine More Gold, Create More Value
Half Year Results Presentation: For the six months to 30 June 2019 Mine More Gold Create More Value For personal use only Attractive Scale Enhanced Margins Increased Production Lower AISC FY2019 (Annualised to 31 Dec) FY2019 (Annualised to 31 Dec) Resolute’s Production with Mako Increased to Resolut
Slide 22: Unique and Highly Attractive Investment Proposition
Half Year Results Presentation: For the six months to 30 June 2019 Unique and Highly Attractive Investment Proposition For personal use only Resolute is a dividend paying gold producer with multiple long life, high margin assets and a strong platform for growth and consolidation within Africa Long L
Slide 23: Contacts
For personal use only Contacts Follow Us John Welborn | Managing Director & CEO Jeremy Meynert | General Manager – BD & IR EMAIL | contact@rml.com.au PHONE | +61 8 9261 6100 WEB | www.rml.com.au