Slide 1: FY14 Half-Year Financial Results
For personal use only Evolution Mining FY14 Half-Year Financial Results For the six month period ending 31 December 2013 21 February 2014 Tim Churcher - VP Finance & 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: Half-year financial highlights
Half-year financial highlights For personal use only Net profit of A$35.4M Revenue from gold, silver and copper sales of A$320.9M EBITDA of A$110.9M Group production of 214,396 gold equivalent¹ ounces Group average cash costs of A$766 (US$7072) per ounce and AISC3 of A$1,070 (US$9872) per
Slide 4: Profit result summary
Profit result summary For personal use only 6 months ending Financial Summary 31-Dec-13 31-Dec-12 A$’000 A$’000 Gold price received (A$/oz) 1,444 1,630 Silver price received (A$/oz) 22.49 30.43 Total Revenue 320,934 321,642 Lower gold price, Mt Carlton addition Cost of sales (excluding D&A) (198,1
Slide 5: Key revenue drivers
Key revenue drivers For personal use only H1 FY14 revenue from gold and silver sales maintained A$320.9M 1HFY14 1HFY13 Change Gold price received (A$/oz) 1,444 1,630 (11%) Silver price received (A$/oz) 22.49 30.43 (26%) A$M Group Revenue 400 A$321.6M A$64.4M A$320.9M 300 A$65.1M 200 100 0 Six mont
Slide 6: Key profit driver – site EBIT
Key profit driver – site EBIT For personal use only EBIT (H1 FY13 v H1 FY14) A$M 30 25 20 15 A$25.4M A$20.4M A$20.1M A$19.6M A$15.9M 10 A$14.1M 5 A$10.8M A$4.8M A$5.0M 0 Cracow Pajingo Edna May Mt Rawdon Mt Carlton Six months to 31 Dec 2012 Six months to 31 Dec 2013 * Site EBIT excludes corporate an
Slide 7: Key profit driver – operating costs
Key profit driver – operating costs For personal use only A$M Operating costs (H1 FY13 v H1 FY14) 60 50 40 A$49.6M A$46.1M A$44.7M A$40.0M A$39.9M A$39.6M A$37.0M A$36.5M A$33.9M 30 20 Cracow Pajingo Edna May Mt Rawdon Mt Carlton Six months to Dec 31, 2012 Six months to Dec 31, 2013 Impact of cost r
Slide 8: Group cash flow
Group cash flow For personal use only Net cash inflow from operations of A$114.0M Net cash outflow from investing activities of A$102.2M (A$90.8M of which is capital expenditure outlay) Net cash inflow from financing activities of A$11.6M (includes A$7.1M dividend payment) A$M 140 A$114.0M 120
Slide 9: Cash flow driver - EBITDA
Cash flow driver - EBITDA For personal use only H1 FY14 Site EBITDA vs Capex A$M 50 40 Growth Capex 30 Sustaining Capex Site EBITDA 20 10 0 Edna May Cracow Pajingo Mt Rawdon Mt Carlton 1. Site EBITDA is before all corporate administration costs, non-recurring items and exploration expenses Site EBIT
Slide 10: Balance sheet & liquidity
Balance sheet & liquidity For personal use only Conservative balance sheet Balance Sheet 31 Dec 13 30 Jun 13 maintained A$’000 A$’000 Available liquidity of A$95.2M Cash 36,950 13,662 (cash and available credit) Short term borrowings 12,756 4,496 Gearing modest at 13% Long term debt 141,784 12
Slide 11: Summary
Summary Operational stability and predictability delivered through a portfolio of five For personal use only Australian mines First-half net profit of A$35.4 million Implemented production efficiencies, capital discipline and cost reductions in response to a lower gold price environment Inte
Slide 12: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au