Slide 1: Corporate presentation December 2020
Corporate presentation DECEMBER 2020
Slide 2: Disclaimer
disclaimer The information contained herein has been prepared using Important factors that could cause those differences information available to PJSC Polyus at the time of prepara- include, but are not limited to: changing business or other tion of the presentation. External or other factors may ha
Slide 3: Overview
overview 1
Slide 4: Assets
assets Strong growth across Large-scale assets spread key metrics since 2013 across siberia and the far east TOTAL ROCK ore GOLD MOVED, processed, PRODUCTION, mt mt koz 163% 96% 72% magadan 329 cluster 2,841 natalka 49% olimpiada yakutiya 1,652 cluster Krasnoyarsk irkutsk 15% Blagodatnoye cluster cl
Slide 5: Gold major of choice
Gold major of choice Usual Distinctive RARE features FINDINGS Tier 1 Prudent capital asset base allocation 61 moz of P&P Reserves (excl. Sukhoi Log) Track record of operational solid achievements dividend 72% growth in gold output since 2013 0 INDUSTRY LEADING strong ESG FOOTPRINT growth options Sus
Slide 6: COVID-19: our response
COVID-19: our response Total FY 2020 estimated expenses $ 140 mln Q4 2020 Keeping employees Supporting local safe communities CAPEX • Construction of temporary 9M 2020 All operating assets sufficiently equipped RUB 1 bln fund established in a partnership accommodation facilities $ 14 mln with protec
Slide 7: COVID-19 related risks
covid-19 related risks Impact of COVID-19 on investment projects progress engineering supply and equipment delivery Construction The extended lead time Increased period of international for preparation of the project design documen- Delays in delivery STAFF recruitment tation due to slower communica
Slide 8: ESG
ESG 2
Slide 9: ESG
ESG News highlights Ratings and assessments Polyus improves score in CDP, SAM, MSCI ESG ratings 29.2 A 54 Polyus experts gave their input to the development of the Global Tailings Standard by Medium Risk up from BBB in 2019; constituent of MSCI EM 72nd percentile, up from ICMM, UNEP and RTI ESG Lead
Slide 10: Response to climate change
Response to climate change Pilot climate risk ...will result in Polyus’ first assessment project corporate Climate Strategy Launched in late 2019 Will set out the framework for the minimization Will incorporate a list of actions to minimize the company’s of the company’s carbon footprint exposure to
Slide 11: Board of Directors & shareholder structure
Board of Directors & shareholder structure 4 Independent Directors’ Independent Directors professional experience Natural Resources Edward Dowling Maria Gordon William Champion Kent Potter (Metals & Mining; Oil & Gas) Chairman of the Board Senior Independent Director, Chairman of Operations Chairman
Slide 12: Capital markets activity
Capital markets activity SPO ABB1 Other capital markets activities in 2017 in APRIL 2019 Us $ 33.25 per GDS (ca. $ 858 mln in total) Us $ 38 per GDS (ca. $390 mln in total) $ 1.8 bln issued as 3 Eurobonds $ 250 сonvertible bond mln since 2016 issue in 20182 CA 9.0% CA 3.84% of share capital sold of
Slide 13: Recent results
Recent results 3
Slide 14: Performance vs guidance
Performance vs guidance gold Production TCC1 capex1 Actual number Guidance 2.84 moz $ 365 /oz $ 630 mln Polyus Polyus below Polyus below suprassed guidance guidance Ca. 2.8 moz $ 375–425 /oz $ 650–700 mln FY 2019 $ 400–450/oz Initial 2020 F Ca. 2.8 moz $ 375–425 /oz $ 700–750 mln intact REVISED inta
Slide 15: Guidance exceeded for the sixth consecutive years
Guidance exceeded for the sixth consecutive years Initial Revised Actual Initial Revised Actual Production guidance guidance production TCC guidance guidance TCC koz $/oz +1.5% +2% 2,800 2,841 Difference to initial +3% guidance +11% > 450 2,425 2,440 > 425 > 425 425 +5% +6% 2,125 2,160 2,375 > 400 1
Slide 16: 3Q 2020 operational snapshot
3Q 2020 operational snapshot Rock moved ORE mined ORE processed Recovery Doré gold volumes, volumes, volumes, rate, output, kt kt kt % koz 82,535 18,263 12,224 84.1 770 12% Q-o-q 5% Q-o-q 4% Q-o-q 0.7 ppts 8% Q-o-q Driven by higher ore vol- Mainly due to the seasonal Driven by an increase umes mined
Slide 17: 3Q 2020 financial snapshot
3Q 2020 financial snapshot REVENUE, TCC, capex, Free cash flow1 $mln $/oz $mln $mln 1,454 369 130 720 26% Q-o-q 9% Q-o-q 2% Q-o-q 61% Q-o-q This increase was partially attributable TCC increase reflects the seasonal increase in output to the growth in gold sales volumes. at the structurally higher c
Slide 18: Value accretive growth
Value Accretive growth 4
Slide 19: Leading reserve base
Leading reserve base One of the largest …Which translates into reserve bases1… one of the highest LoM2 Average grade, g/t Newmont 96 1.0 Harmony 27 Barrick 71 1.7 Gold Fields 24 Polyus33 Polyus 61 100% 1.8 Newcrest 22 open-pit Newcrest 52 operator with 0.8 Polyus3 Polyus 21 grades typical Gold Field
Slide 20: Higher resilience to gold price volatility
Higher resilience to gold price volatility1 Largest gold producing assets1 …remain Vulnerable to gold price volatility koz Fcf / oz @ Carlin 1,498 1,600$ / oz Olimpiada 1,312 Blagodatnoye Olimpiada Pueblo Viejo 975 1,000 Fekola Cortez Natalka 909 Pueblo Viejo Lihir 830 Kumtor boddington 703 Canadian
Slide 21: Production expansion since 2013
Production expansion since 2013 koz Impact of COVID-19 on an initial production target Gold production moz 2013 2019 2020F Updated guidance Barrick 7.2 Newmont 6.3 Newmont ca. 6.0 400 koz Newmont 5.1 Barrick 5.5 Barrick 4.60–5.0 100-600 koz Anglogold 4.1 Anglogold 3.3 Anglogold 2.80–2.86 REINSTATED
Slide 22: Increasing rock moved volumes across the group
Increasing ROCK MOVED VOLUMES ACROSS THE GROUp ROCK MOVED VOLUMES kt Olimpiada Blagodatnoye Verninskoye Kuranakh Natalka +100% 135,489 +89% +108% 67,641 67,802 +100% +29% 45,297 35,967 30,813 24,473 23,839 21,766 12,255 2013 2019 2013 2019 2013 2019 2013 2019 2013 2019 Rock Hauling and shovel load a
Slide 23: Bringing profitable ounces online
Bringing profitable ounces online OLIMPIADA BLAGODATNOYE VERNINSKOYE KURANAKH 2013 2019 2013 2019 2013 2019 2013 2019 13.91 9.2 9.0 +51% 6.8 5.6 Ore +32% 1.6 3.0 3.8 processed +88% +47% mt 1.389 822 +69% 396 421 Production 256 225 +6% 89 138 koz +188% +63% 706 1,085 479 -52% 523 -58% 293 398 869 -58
Slide 24: Polyus' Project Pipeline
Polyus’ Project Pipeline Generation: 1st 2d 3d 2015 2016 2017 2018 2019 2020 2021 2022 Mill-1 reconfiguration Antimony project1 +ca. 220 koz +ca. 20 koz Bio-4 construction Bio units modernization OLIMPIADA +ca. 40 koz Mills expansion 13.4 mtpa +ca. 100-150 koz Mill-4 expansion Stage 1 Stage 2 9.0 mt
Slide 25: Verninskoye Mill Expansion to 3.5 mtpa
Verninskoye Mill Expansion to 3.5 mtpa Incremental CAPEX EXPECTED Capex-light debottlenecking of crushing, grinding, ounces pa REQUIREMENTS completion flotation and hydrometallurgy circuits Ca 40 koz $60 mln mid 2021 STATUS Feasibility study has been completed Key equipment has been delivered. Insta
Slide 26: Flotation concentrate processing
Flotation concentrate processing Gold contained in Flotation Ore processed at Olimpiada concentrate production vs. concentrate Processing capacities Gold contained in Au-Sb concentrate, koz In 2020, Polyus continued expanding its processing capacities at Olimpiada, Au-As concentrate, koz which resul
Slide 27: Sources of production increase in short term
Sources of production increase in short term OLIMPIADA Natalka KURANAKH activity Expansion over Expansion expansion 13.4 mtpa to ca. 12 mtpa to ca. 6 mtpa Polyus implements debottle- Polyus implements debottlenecking Polyus has successfully completed the necking initiatives on existing initiatives a
Slide 28: Further processing enhancements at Natalka
Further processing enhancements at Natalka Further planned improvements in 2020 target Initiative date Recovery rate Commissioning of two concentration shaker tables at 1Q 2020 improvement the first and the fourth stages of the gravity circuit completed to increase the productivity of intensive cy
Slide 29: Construction of Mill-5 at Blagodatnoye
Construction of mill-5 at blagodatnoye 25 ADDITIONAL Incremental EXPECTED CAPACITIES ounces LAUNCH Project's first 5-year average 8.0 mtpa ca. 390 koz 2025 Key outcomes of the feasibility study MILL-5 Construction of Mill-5 with throughput capacity of 8.0 mtpa Application of gravity and flotation fl
Slide 30: Key economic metrics of the Mill-5 project
Key Economic metrics of the mill-5 project key macroeconomic CAPEX TCC assumptions $ mln $/oz Gold price including procurement 50% Processing of mining fleet costs $ 1,200/oz 12% 62% FX IPCC Mill-5 65 rub/USD construction 13% Project's first Additional 5-year average Regional 320 mining 27% Mining e
Slide 31: General layout of the Blagodatnoye complex
General layout of the blagodatnoye complex The layout allows to optimize earthworks across the mill site Blagodatnoye mill expansion to 17 mtpa Blagodatnoye (current layout) New Mill-5 facilities Maximum synergy with the existing Crushed ore stockpile Mill-4 facilities and utilities IPCC conveyor (m
Slide 32: Polyus investment programme in 2020
Polyus INVESTMENT programme in 2020 CAPEX GUIDANCE CAPEX BREAKDOWN GUIDANCE $ 250-260 mln $ 140-150 mln $ 120-135 mln $ 700–750 provided at FX of 60 RUB/USD mln 1Q’20 2Q’20 3Q’20 124 mln 127 mln 130 mln The spending delay in 2020 The initial guidance of $700-750 is mainly due to COVID-19 related mln
Slide 33: Drilling programme across the group
Drilling programme across the group Capex for drilling and exploration programmes 2017 2018 2019 2020F $ 25 mln $ 47 mln $ 64 mln $ 50 mln 269 km 513 km 554 km 396 km 5 122 93 64 drilling Sukhoi Log 264 391 461 332 Other assets 33
Slide 34: Operational efficiency and business transformation
Operational Efficiency and business transformation 5
Slide 35: Improving recovery rates & productivity
Improving recovery rates & productivity Recovery rate, % Hourly throughput, t/h Olimpiada1 Blagodatnoye Verninskoye Kuranakh2,3 160.0 160.0 160.0 160.0 1.40 1400 1,400 1,400 1,334 1,335 1,378 1,383 140.0 140.0 140.0 140.0 1,066 1,093 1,088 1,102 1,085 974 993 1,015 120.0 .90120.0 900120.0 900120.0 9
Slide 36: Flash flotation
Flash flotation flash Flotation at Polyus Technology current operations Flash flotation is the unit operation A flash flotation cell recovers liberated Installation of flash flotation units designed to reduce overgrinding by valuable minerals in the cyclone at Blagodatnoye, Olimpiada and Natalka rem
Slide 37: Spending on business transformation and IT projects
Spending on Business transformation and it projects 2019 2020F ERP $29 mln MES/LIMS/MMP1 $5 mln $9 mln $54 mln $ 64 mln IT infrastructure Equipment and software $9 mln for workstations Data transmission networks $7 mln Other $5 mln Business areas Production and Finance Capital construction Maintenan
Slide 38: Wireless broadband at Olimpiada and Natalka
Wireless broadband at Olimpiada and natalka Bulldozer Base with wireless station equipment NATALKA Base end-point stations terminals Polyus is establishing 24 89 wireless communication End-point infrastructure at Olimpia- terminals OLIMPIADA da, Natalka and Kuranakh to enable reliable data Base stat
Slide 39: IT-infrastructure: digital quarry
IT-infrastructure: digital quarry aerial drones Remote control mining equipment Drone applications include: Remote control mining equipment allows to enhance safety of Polyus operations Aerial surveying & 3D mapping Drill & blast planning Remote control CENTER Infrastructure inspection Truck & Minin
Slide 40: Sukhoi Log
SUKHOI LOG 6
Slide 41: Asset overview
Asset overview By JORC Irkutsk region reserves 6 km №1 globally SUKHOI LOG Verninskoye Kropotkin Close proximity to other Polyus assets Сreates JORC P&P opportunities for: reserves 145 km 40 moz at 2.3 g/t Potential economies Utilisation of existing Alluvials of scale infrastructure Bodaybo JORC res
Slide 42: Sukhoi Log consolidation
Sukhoi log consolidation 2016–2017 2017–2020 2020 In 2016, Polyus and “Rostec Business Polyus entered into a number of cash In September 2020, Polyus Development” (“RT”) established SL Gold and equity option agreements with RT exercised its right to accelerate in order to participate in the Sukhoi L
Slide 43: Global reserve base depletion
Global reserve base depletion Mine production global Gold Reserve russia Gold Reserve moz mt Global Global Russia Russia Polyus 2019 1.80g/t Polyus Polyus has been the First annual decline in global Polyus reserve 1.66 1.65 1.64 1.64 reserves key driver behind mine supply since 2008, Gold grade, g/t
Slide 44: Sukhoi Log vs other greenfields
Sukhoi log vs other greenfields1… Sukhoi Log is the largest greenfield …With strong production profile, Long life asset in terms of gold resERVES… of mine and one of the highest grades globally P&p Average Lom annual Grade in p&p RESERVES production LOM RESERVES Moz Moz Years2 G/Tonne 10 7 rosia mon
Slide 45: Sukhoi Log vs currently operating gold mines
Sukhoi log vs currently operating gold mines1 Sukhoi log’s reserve base is one of sukhoi log possesses leading annual the largest among both under- production capacity along with high ground and open pit operations grade in reserves P&p Average Lom annual Grade in p&p RESERVES production LOM RESERVE
Slide 46: Progress on Sukhoi Log
Progress on Sukhoi log Sukhoi log vs other greenfields of comparable scale MI&I P&P timeline resources reserves from Y0 Sukhoi Log moz moz Y(–57) Y0 Y1 Y2 Y3 Y5 Y10 Polyus 1960 2017 2018 2019 2020 2022 2027 Consistent progress on the key project 67 40 Start Polyus Scoping Completion PFS FS to be Lau
Slide 47: Drilling programme at Sukhoi Log
Drilling programme at Sukhoi log Completed Drilling programme in 2017-2019 Combined with 324 km of historical drilling (1961-1999), total drilling at Sukhoi Log amounted to ca. 546 km. Hydrogeology 101,000 total drilling drilling programme 7.5 km at Sukhoi Log in 2017-2019 546 222 Geotechnical 100,0
Slide 48: Dataset for R&R estimates
Dataset for R&R estimates Drilling Dataset / Estimate Base 2017 2017–2018 2018–2019 2020 Historic Drilling polyus verification polyus exploration TOTAL driling program driling program DRILLING 324 km DRILLING 46 km DRILLING 158 km DRILLING 528 km 1,185 drillholes 111 drillholes 523 drillholes 1,819
Slide 49: MI&I Resources and P&P reserves estimates
MI&I Resources and P&P reserves estimates MI&I Resources 2017 2020 TonNes grade gold TonNes grade gold 887 mt 2.03 g/t 58 moz 1,110 mt 1.9 g/t 67 moz Indicated 668 mt 2.1 g/t 46 moz Inferred 441 mt 1.5 g/t 21 moz 100% Inferred 69% Indicated 31% Inferred P&P REserves 2017 2020 TonNes grade gold No da
Slide 50: Mining equipment
Mining equipment 50 m3 nominal payload Shovels 300T TRUCK Highly cost-efficient Utilized at peer gold assets Available from all major suppliers Highly Supplied by Hitachi, CAT, Widely used globally, mainly on copper and reliable for 15 m benches (Penasquito, Cortez, Blackwater) (P&H (Komatsu), WK an
Slide 51: Processing flowsheet design
Processing flowsheet design Conventional gravity - flotation scheme Ball mill 33.2 average annual mt throughput capacity Cyanidation pebble crusher (SABC) Flotation 92 % average recovery rate SAG mill Gravity Flash flotation CARBON-IN-LEACH 2.3 average grade g/T in ore processed (P&P reserves) Elect
Slide 52: Process plant design
Process plant design 3d Process plant model ORE PREPARATION COARSE ORE STOCKPILE PROCESS PLANT GRINDING FLOTATION CYCLONING & GRAVITY SEPARATION FLOTATION TAILINGS THICKENING DESORPTION / RECOVERY DESORPTION / RECOVERY 52
Slide 53: Comminution scheme
Comminution scheme nominal Throughput 33.2 mtpa Primary crushing Secondary crushing The PFS assumed the application of gyratory A conventional Semi-Autogenious Ball Pebble-Crusher scheme was selected crushing based on the potential size of operations, for the PFS based on the hardness of the ore and
Slide 54: Gold extraction
Gold extraction Sukhoi Log flowsheet includes best-in-class technologies for processing this type of ore gravity and flash flotation flotation and CIL Gravity Flash flotation flotation Carbon-in-leach concentrators flash flotation units flotation machines CIL tanks x 24 x 8 x10 of 630 m 3 x 8 of 2,0
Slide 55: Recovery estimate based on testwork programme
Recovery estimate based on testwork programme Recovery (after derating), % The samples for testwork originated from Average grade contiguous drill core samples to specifically cover 100 2.05 g/t as much of the entire ore body as possible and include the expected range of grades the processing plant
Slide 56: Key project economic metrics
Key Project Economic metrics based on pre-feasibility study1 Preliminary Gold production profile Grade in ore mining rate avg. waste- base through- processed, (at peak) to-ore ratio put capacity g/t 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.2 2.3 2.3 2.3 g/t 168 mtpa 3.252 t/t 33.2 mtpa 1.8 Average first 10y Pr
Slide 57: Capital costs breakdown
Capital Costs breakdown The Estimated Initial Construction CAPEX is estimated with Pre-Feasibility Study Class Capital costs are in real USD terms, CAPEX stands at $3.3 bln 4 estimate with the level of accuracy +/-20% as of the end of 2019 project initial construction capex CAPEX COMPONENTS, $ bln C
Slide 58: CAPEX: estimate evolution
CAPEX: estimate evolution from scoping study to pre-feasibility + $ 1.0 bln Mining capacity Flowsheet Tailings Inflation & Infrastructure $ bln $ 3.3 bln $ bln $ bln Inflation from 2017 $ bln to 2020 Increased mining $ bln Flowsheet modification: and processing capacity Throughput capacity • Additio
Slide 59: Sukhoi Log capex intensity
Sukhoi Log Сapex intensity1 based on Pre-Feasibility estimate of capital expenditures, Sukhoi Log ranks favourably in CAPEX intensity and life of mine compared to other greenfield projects Bubble size represents LoM Terms of Life of Mine, avg. Au only production years 60 KSM New Prosperity 40 Frieda
Slide 60: PFS estimates vs Scoping study
PFS estimates vs Scoping study Scoping Study PFS Throughput capacity 30.0 mtpa 33.2 mtpa Recovery 88-90 % 92 % TCC $ 420-470 /oz $ 390 /oz initial construction capex $ 2.3 bln $ 3.3 bln average annual gold production, LOM 1.6 moz 2.3 1 moz 1 – As per JORC reserve estimate 60
Slide 61: Off-site infrastructure overview
Off-site infrastructure overview Irkutsk region Chertovo Koryto Power grid Airport transport LOGISTICS Existing electricity facilities Polyus owns a 61% stake in a local Polyus has completed the (~3 MW) enable Polyus to launch airport, Bodaybo, ~145 km SUKHOI LOG assessment of logistic the construct
Slide 62: Polyus' Power Projects
Polyus’ Power Projects Access to reliable and low-cost source of electricity via grid lines Magadan region Omchak natalka Ust-Omchug Magadan The Republic of Sakha (Yakutia) Peleduy – Ust-Omchug – Mamakan Omchak Razdolinskaya – Yakutsk Taiga Krasnoyarsk region CAPEX CAPEX CAPEX ca. $60 mln ca. $126 m
Slide 63: Sukhoi Log power supply chain
Sukhoi Log Power Supply chain Power Supply Infrastructure Requirements SUKHOI LOG Peleduy Vitim Verninskoye Substation 5 km NPS-9 Generation Kropotkin NPS-7 Scope Ust-Ilimskaya Hydro Power Plant Ust-Ilimskaya Peleduy Ring Local grid Hydro Power Plant Bodaybo and connection Current Status Mamakan to
Slide 64: Update project timeline
Update project timeline 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Engineering Initiation Scoping study Pre-feasibility Feasibility study Investment decision Final investment decision Project Design Documentation Regulatory procedures, GGE Plant construction permit Detailed Design Procur
Slide 65: Absolute cost leadership
Absolute Cost leadership 7
Slide 66: Key financial figures & benchmarking
Key Financial Figures & BENCHMARKING EBITDA adjusted Total cash costs $ mln $/oz TCC performance, 20192 VS. 2014 +3 ppts -38% 585 Polyus -38% 424 389 Newcrest -9% 67% 364 348 365 MARGIN 63% 64% Gold Fields -4% 62% 62% Kinross -2% +5% Anglogold -1% Harmony 2% 2014 2015 2016 2017 2018 2019 2019 Newmon
Slide 67: The lowest cost producer globally
THE LOWEST COST PRODUCER GLOBALLY TCC dynamics of Russian Gold miners, rebased vs. 2013 % 100% 100% Highland Gold 85% Petropavlovsk 81% Polymetal 48% Polyus 40% 1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 First decile on the global TCC and AISC curves $/oz 1200 Accordi
Slide 68: Total cash cost performance
Total cash cost performance Cash operating costs structure, 3Q 2020 USD share in TCC structure Most of the costs are RUB-denominated USD RUB $ 343 mln 25% Excluding MET Labour costs are Labour 27% RUB-denominated ~35% Including MET Consumables Split roughly equally on tcc evolution 23% USD-linked co
Slide 69: Key cost components inflation
Key cost components inflation inflation Tight control over inflating costs remains in Russia key priority for Polyus (In RUB terms) CPI Labor DIESEL Sulfuric Tyres Calcium sodium Russia FUEL acid hypochlorite cyanide 30% According to the latest CBR forecast, 2020 inflation in Russia is expected 18%
Slide 70: Taxation overview
Taxation overview Mineral tax / revenue1 Gold Mining royalties Benchmarking The Russian Finance Ministry has The key rationale (as officially announced Tax base: revenue fixed range recently announced initiatives to by the Finance Ministry) is to “normalise boost taxation on the non-fuel payments ma
Slide 71: Regional Investment Project
Regional Investment Project Regional Investment Project is a special tax regime, which allows for tax benefits for the projects in the Far Eastern region of Russia. The tax regime provides for lower mineral extraction tax rate (MET) and profit tax rate for the projects. TAX RATES FOR RIP Mineral Ext
Slide 72: Focus on shareholder returns
Focus on Shareholder returns 8
Slide 73: Total shareholder return (TSR)
Total shareholder return (tsr) Dividend policy Key highlights Dividends for 1h 2020 Payout: Threshold for If Net Debt/EBITDA Semi-annual The dividend has been approved by the Company’s EGM The dividend dividend policy: >2.5x, BoD will exercise dividend on 30 September 2020. The dividend record date
Slide 74: Debt management
Debt management 9
Slide 75: Proactive debt book management
Proactive Debt Book Management Eurobonds RUB bonds Bank loans Cross currency swaps1 Maturity schedule as of 30-June $ mln 2,076 Gross debt net debt 3q 2020 highlights Debt management $ 4,160 mln $ 2,506 mln • Gross debt, decreased to $3,932 • In 3Q’20, Polyus prepaid several mln, compared to $4,160
Slide 76: Managing cost and structure
Managing cost and structure Debt breakdown by source $ 4.2 bln $ 3.9 bln by interest rates $ 4.2 bln $ 3.9 bln Eurobonds 45% FIXED RATE 96% 49% 95% Bank loans 42% 38% RUB bonds 13% 13% Floating RATE 4% 5% As of 30 June 2020 As of 30 September 2020 As of 30 June 2020 As of 30 September 2020 Private d
Slide 77: Recent ratings actions
Recent ratings ACTIONS Polyus’ current credit ratings BB Positive outlook BB+ Stable outlook B a1 Stable outlook In November 2020, Fitch revised In December 2020, S&P upgraded its outlook on Polyus to Positive Polyus long-term issuer credit from Stable and reaffirmed and issue ratings to ‘BB+’ with
Slide 78: Appendix
POLYUS ST >)>p)—7 Nipia’ ae
Slide 79: Operational results since 2007
Operational results since 2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Dynamics Mining Total rock moved, 000 m3 49,474 50,759 48,477 55,610 53,466 66,703 66,351 71,239 64,505 58,073 88,418 116,987 127,952 Stripping, 000 m3 44,255 47,543 40,991 46,878 45,317 57,256 54,552 59,
Slide 80: Reserves and resources
RESERVES AND RESOURCES Polyus estimates Ore Reserve as at 31 December 20191 Polyus estimates Mineral Resource as at 31 December 20195 Proved Probable Total Total Measured Measured Indicated Inferred Total Total Tonnes, Grade, Gold, Tonnes, Grade, Gold, Tonnes, Grade, Gold, Tonnes, Grade, Gold, Tonne