Slide 1: Preliminary Financial Results Presentation for the year ended 31 December 2020
For personal use only Preliminary Financial Results Presentation for the year ended 31 December 2020 Mine Gold. Create Value.
Slide 2: Important notices and disclaimers
2020 Financial Results Presentation Important notices and disclaimers 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. The information i
Slide 3: Financial performance
2019 Financial Results Presentation 2020 Financial performance For personal use only $618m $247m Revenue +15% EBITDA +169% $199m $37m Operating cash flow Underlying net profit after tax $230m $5m Net debt Net profit after tax 2
Slide 4: 2020 in review
2019 Financial Results Presentation 2020 2020 in review For personal use only 58% improvement in TRIFR to 0.87 in 2020 COVID-19 response plan in place enabling business continuity Syama underground production of 2.1Mt with Production improvements during periods of nameplate capacity of 2.4Mtpa achie
Slide 5: Operational overview
2019 Financial Results Presentation 2020 Operational overview For personal use only 395,136oz $1,074/oz Total Gold Production All-In Sustaining Cost 395,175oz Total Gold Sold $1,562/oz Average Price Received 4
Slide 6: Multi asset production base
2020 Financial Results Presentation Multi asset production base For personal use only Full year contributions from Syama Sulphide and Mako 384,732 oz 395,136 oz at an AISC of $1,074/oz at an AISC of $1,090/oz 87,188 oz 270,636 oz 169,731 oz at an AISC $1,004/oz 54,486 oz 82,650 oz 11,046 oz 62,524 o
Slide 7: Group Earnings Profile
2020 Financial Results Presentation Group Earnings Profile For personal use only Revenue ($m) EBITDA ($m) EBITDA Margin 618 536 12% 17% 40% 246 348 92 40 2018 2019 2020 2018 2019 2020 Increased revenue in 2020 driven by an increase in gold Improved EBITDA and EBITDA margins due to increased sold and
Slide 8: Earnings Analysis
2020 Financial Results Presentation Earnings Analysis For personal use only Continuing Discontinuing 2020 2019 Profit and Loss Analysis Operations Operations Group Group (#039;000s) (Syama / Mako) (Ravenswood) (restated*) Strong Underlying EBITDA generation Revenue 602,985 15,268 618,253 535,580 • 169%
Slide 9: Cash Flow Analysis
2020 Financial Results Presentation Cash Flow Analysis ($m) For personal use only Improved operating cash flows and simplified balance sheet Refinancing activities 8
Slide 10: Strengthening balance sheet and hedge book
2020 Financial Results Presentation Strengthening balance sheet and hedge book For personal use only Capital structure simplification Gold hedging (at 31 December 2020) Equity raising Forward Sales • A$195m equity raising via two-tranche placement and share Forward Price Delivery purchase plan suppo
Slide 11: Syama Gold Mine: Mali
2020 Financial Results Presentation Syama Gold Mine: Mali For personal use only Syama is a long-life asset with Mineral Resources of 7.6Moz and Ore Reserves of 3.3Moz. Operations consist of both sulphide and oxide mines with dual processing circuits; extensive landholdings in a highly prospective go
Slide 12: Mako Gold Mine: Senegal
2020 Financial Results Presentation Mako Gold Mine: Senegal For personal use only Mako is a high margin open pit gold mine with Mineral Resources of 965koz and Ore Reserves of 780koz; conventional mining and processing generate strong free cashflow. Production Life of Mine Update (LOM) • 169,731oz p
Slide 13: Portfolio consolidation
2019 Financial Results Presentation 2020 Portfolio consolidation For personal use only Ravenswood divestment complete with Bibiani sale agreement signed Ravenswood Gold Mine, Australia Bibiani Gold Mine, Ghana Sale completed 31 March 2020 with up to A$300m Binding sale agreement signed 15 December 2
Slide 14: 2021 outlook
2019 Financial Results Presentation 2020 2021 outlook For personal use only Consistent operational delivery and enhancing balance sheet strength 13
Slide 15: 2021 focus
2019 Financial Results Presentation 2020 2021 focus For personal use only Production and free cash flow generation Maintain TRIFR and continue development of health Accelerate exploration for discovery of additional and safety management system oxide resources to extend mine life at Syama Improve th
Slide 16: 2021 guidance
2020 Financial Results Presentation 2021 guidance For personal use only Production and cost guidance There are significant for 12 benefits months towith associated 31 December 2021 automation and the connected communication and information technology systems • Gold production forecast: 350,000oz to
Slide 17: Tabakoroni Underground potential
2020 Financial Results Presentation Tabakoroni Underground potential For personal use only There are significant Value enhancing, benefits near mine associated exploration activitywith automation and the connected communication and information technology systems • Mineral Resource growth ➢ 19 April
Slide 18: Syama Hybrid Power Station
2020 Financial Results Presentation Syama Hybrid Power Station For personal use only There are significant benefits associated with automation and the connected communication and information technology systems New power plant and HFO storage facility • 30MW thermal power plant and 10MW battery • Red
Slide 19: Value through sustainability
2020 Financial Results Presentation Value through sustainability For personal use only 18
Slide 20: Developing national leaders
2020 Financial Results Presentation Developing national leaders For personal use only There are significant benefits associated with automation and the connected communication and information technology systems Nationalisation of workforces • Syama 89% • Mako 90% National leadership at Syama • Count
Slide 21: Strategic investments in Africa
2020 Financial Results Presentation Strategic investments in Africa For personal use only Objective 15.4% stake Establish a portfolio of investments in emerging gold explorers to provide potential for medium term growth opportunities 10.8% stake 24.7% stake Focus Equity investments in African focuse
Slide 22: Follow Us / Contact
For personal use only Follow Us Contact Stuart Gale | Interim CEO EMAIL: contact@rml.com.au PHONE: +61 8 9261 6100 WEB | www.rml.com.au