Slide 1: 2025 Half Year Financial Results
Inspired people creating a premier global gold company 2025 Half Year Financial Results Jake Klein – Executive Chair Lawrie Conway – Managing Director and Chief Executive Officer Barrie Van der Merwe – Chief Financial Officer 12 February 2025
Slide 2: Forward looking statement
Forward looking statement This presentation prepared by Evolution Mining Limited ('Evolution' or 'the Company') includes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as 'may', 'will', 'expect', 'int
Slide 3: Strategically positioned for success
Strategically positioned for success Portfolio delivering across all key metrics Long-life, low-cost, high-margin portfolio Favourable gold and copper prices Differentiated by gold and copper exposure 3
Slide 4: Delivering at the right time
Delivering at the right time Consistent, safe, low-cost production Multiple value accretive growth options Exploration driving resource growth Balance sheet supporting strategy Increasing shareholder returns 4
Slide 5: FY25 H1 Highlights
FY25 H1 Highlights Record Improvements in all key Tracking at ~52% of guidance Operating cash flow $991M sustainability metrics 388koz gold and 38kt copper up 60% TRIF down 39% 1 at $1,638/oz Net mine cash flow $435M up 114% H1 group cash flow $273M up 420% H1 underlying profit $385M up 144% Dividen
Slide 6: High cash generation set to continue
High cash generation set to continue Portfolio well placed to benefit from spot price upside Operating mine cash flow ($M) 2,110 ▪ Cowal: Consistent high cash contributor 305 ▪ Ernest Henry: Reliable delivery and cash generation 815 ▪ Northparkes: Low capital intensity, leverage to copper price 991
Slide 7: Record financial performance
Record financial performance Financials Units FY24 H1 FY25 H1 Change Financials Financials Units Units FY24 FY24H1 H1 FY25 FY25H1 H1 Change Change Statutory profit after tax $M 97 365 277% Statutory Statutoryprofit profitafter aftertax tax $M$M 9797 365 365 277% 277% Underlying profit after tax $M 1
Slide 8: Investment grade balance sheet
Investment grade balance sheet ▪ Net debt reduced by $345M since Dec 2023, after $140M in dividends Net Debt ($M) ▪ Balance sheet ratios materially improved from good base 1,638 ▪ USPP interest rate fixed with no currency exposure 1,425 1,293 ▪ Long dated debt, 75% of debt tenor beyond 5 years 1H FY
Slide 9: Increasing shareholder returns
Increasing shareholder returns Dividends per share & gearing 16 ▪ Dividend policy unchanged - 50% group cash flow 33% 14 12 28% 7 9 25% ▪ 24th consecutive dividend 5 7 23% 6 15% 4 • 7.0 cents per share 3 5 7 7 2 7 • Record date: 5 March 2025 7% 3 2 2 1 • Payment date: 4 April 2025 FY20 FY21 FY22 FY2
Slide 10: Summary
Summary Record H1 financial performance delivering to plan Banking high margin cash generation Favourable outlook for gold and copper Incremental growth potential - multiple assets Multiple value-add projects on track 10
Slide 11: Questions
Appendix Questions 11
Slide 12: Appendix
Appendix 12
Slide 13: FY25 guidance
FY25 guidance Gold Copper Sustaining Major mine Major project Depreciation & AISC FY25 guidance production production capital development capital amortisation ($/oz)1,2 (koz) (kt) ($M)3 capital ($M)4 ($M)5 ($/oz)2,6 Group 710 – 780 70 – 80 1,475 – 1,575 215 – 270 175 – 225 445 – 510 900 – 1,000 Cowa
Slide 14: Cost drivers and sensitivities well known
Cost drivers and sensitivities well known H1 FY25 Key Cost Drivers1 2 FY25 full FY25 year Cash cash Flow flow sensitivities Sensitivities A$M ($M) Grinding Media/ Diesel Explosives 3% Operating costs (+/-5%) 95 – 105 3% Reagents 75 – 85 Copper price (-/+ $1,100/t) 4% Contract Labour 26% Gold price (
Slide 15: Evolution Mining
Evolution MINING