Slide 1: 2013 Half Year Financial Results
For personal use only Evolution Mining 2013 Half Year Financial Results For the six month period ending 31 December 2012 21 February 2013 Tim Churcher – VP & Chief Financial Officer
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following. This presentation includes fo
Slide 3: H1 FY13 Highlights
H1 FY13 Highlights For personal use only Group gold production of 196,110 ounces – exceeding guidance Group average cash costs of A$749/oz – within guidance Underlying EBITDA increased by 151% to $135.5M Net profit increased by 327% to $40.7M Strong balance sheet with cash of $49.2M and de
Slide 4: Financial Summary
Financial Summary – H1 FY13 For personal use only Reported Net Profit of A$40.7 million 6 months ending 31 Dec 2012 31 Dec 2011 % Increase A$’000 $’000 (Decrease) Total Revenue 321,642 154,615 108% Underlying EBITDA (1) 135,468 54,066 151% Underlying EBIT (1) 63,600 23,887 166% Underlying Net Prof
Slide 5: Production and Cost - H1 FY13
Production and Cost - H1 FY13 For personal use only Group production 196,110oz (a 98% increase) at $749/oz cash cost 250,000 Cash cost $749/oz Mt Rawdon 200,000 Pajingo Cracow Production (oz) 150,000 53,107oz Edna May Cash cost $732/oz 39,991oz 100,000 12,367oz 21,229oz 54,324oz 50,000 28,444oz 37
Slide 6: Sales Revenue
Sales Revenue – H1 FY13 For personal use only Revenue from gold and silver sales increased by 108% to $321.6M 150,000 1,750 125,000 Au Price Received (A$/oz) Sales Revenue (A#039;000) 1,700 100,000 $88,847 $85,113 $81,220 75,000 1,650 Edna May $66,462 Crushing Circuit 50,000 $1,633/oz $1,628/oz $1,62
Slide 7: Mine EBITDA
Mine EBITDA – H1 FY13 For personal use only Underlying Mine EBITDA was $152.4M (pre corporate & exploration) Contribution to Mine EBITDA 60,000 32% 26% 23% 19% A$48,567 EBITDA (A#039;000) A$39,270 40,000 A$35,111 A$29,458 20,000 0 Mt Rawdon Cracow Edna May Pajingo 7
Slide 8: Mine D&A
Mine D&A – H1 FY13 For personal use only Depreciation & Amortisation (D&A) charge of $71.5M ($364/oz) Asset base 500 (PP&E + Mine Development) Asset Base (A$M) and D&A 400 A$382M D&A Charge in H1 FY13 300 Charge A$256M A$202M 200 A$172M A$163M $28.5M $536/oz $13.6M $339/oz $19.7M 100 $362/oz $9.7M
Slide 9: Mine EBIT
Mine EBIT – H1 FY13 For personal use only Underlying mine EBIT of $81.0M (pre corporate & exploration) Contribution to Mine EBIT 31% 25% 24% 20% 30,000 $25,401 Underlying mine EBIT(A#039;000) $20,076 $19,582 20,000 $15,895 10,000 0 Edna May Mt Rawdon Cracow Pajingo 8
Slide 10: Group Cash Flow – H1 FY13
Group Cash Flow – H1 FY13 Cash Flow – six months to 31 December 2012 A$ million use only 500 450 400 350 $167.0 300 $37.2 $16.1 For personal 250 $21.4 200 $322.8 150 $218.7 100 50 $141.7 $45.0 $49.2 0 9
Slide 11: Balance Sheet – Dec
Balance Sheet – 31 Dec 12 For personal use only $213M of mine capital additions H1 FY13 Mine capital Investment 51% related to Mt Carlton Total $213M Remainder predominantly on accelerated mine development at operations $30.0M Strong balance sheet $17.0M Net assets of $1,098M $109.6M $34.2
Slide 12: Evolution Mining
Evolution Mining For personal use only Translated predictable operating performance into predictable financial performance Delivered profit, operating cash flow and investment in growth Have reached peak funding with minimal gearing Introduced gold-linked dividend policy to enhance sharehold