Northern Star Resources Ltd · ASX:NST

Northern Star Resources — FY2021 Earnings Presentation

15 slides from Northern Star Resources's earnings presentation, Aug 25, 2021

  1. Slide 1: Results Presentation for Year Ended 30 June 2021

    Results Presentation for Year Ended 30 June 2021 25 August 2021

  2. Slide 2: Forward Looking Statements, Reserves and Resources

    Forward Looking Statements, Reserves and Resources Forward Looking Statements Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of t

  3. Slide 3: Business first

    Business first Strong focus on sustainable shareholder returns  Results - Deliver on our promises  Reliable delivery of production and cost guidance  Returns - Target superior financial performance  Capital discipline balancing re-investment and returns to shareholders  Active portfolio managem

  4. Slide 4: Five-year strategic plan-on-a-page

    Five-year strategic plan-on-a-page RESPONSIBLE PROFITABLE LOWER LONG MINE PREMIUM EESG GROWTH COSTS LIFE VALUATION SUPERIOR SUSTAINABLE SUSTAINABLE SUSTAINABLE SUSTAINABLE SHAREHOLDER NST ~2Mozpa 1st HALF COSTS +20 YEARS RETURNS Independent 3-5 world class Growth in Target +20Moz Enhance return on C

  5. Slide 5: FY21 Financial Highlights

    FY21 Financial Highlights Record profit, production and cash flow: Units FY21 FY20 % Variance Key financials1  A$2.76B Revenue Revenue A$M 2,761 1,972 40 (40% increase) EBITDA A$M 2,268 717 216 Underlying EBITDA A$M 1,159 791 47 Cash Earnings A$M 648 588 10  A$648M Cash Earnings Net profit after t

  6. Slide 6: FY21 EESG Highlights

    FY21 EESG Highlights  EESG highlights in FY21: Net Zero ambition for Scope 1-2 GHG Emissions by 2050  Industry leading safety 2021 2030 Existing technology 2040 Innovation performance (TRIFR 5.6 and Indicative Scope 1-2 Kalgoorlie LTIFR 0.9) pathway (t CO2-e) Yandal  Zero heritage-related or Pogo

  7. Slide 7: Cash Earnings

    Cash Earnings 10% increase (year on year) to A$648 million Cash Earnings (A$M) 546 - 660 1,919 576 2,268 74 41 232 155 356 1,159 1,032 648 NPAT Tax & Net Finance D&A EBITDA Impairment Remeasurement Acquisition Inventory Other Underlying Tax & Net Interest Sustaining Cash Earnings Costs of KCGM (50%)

  8. Slide 8: Dividend Policy

    Dividend Policy Reliable returns to shareholders  Updated Dividend Policy: Cumulative dividends A¢/share A$M  20-30% of Cash Earnings 30 757 800  Cash Earnings defined as 700 Underlying EBITDA less net 25 interest, tax and sustaining capital 536 600 20 500  Cash Earnings considered the 10.0 best

  9. Slide 9: Underlying NPAT

    Underlying NPAT Record A$372 million Underlying NPAT (A$M) 232 546 74 24 1,919 383 358 789 302 1,032 38 10 291 372 Underlying Revenue Operating D&A Tax Other Underlying Remeasurement Acquisition Impairment Inventory Other Tax Statutory NPAT Jun-20 Costs NPAT Jun-21 of KCGM (50%) Costs NPAT Jun-21 9

  10. Slide 10: Merger Accounting

    Merger Accounting Balance sheet adjustments Under Australian Accounting Standards, the merger between Northern Star and Saracen completed 12 February 2021 is deemed a “Business Combination” and is therefore accounted for using the “acquisition method” As a result of this and the recently released 5-

  11. Slide 11: Balance sheet - Robust and flexible

    Balance sheet - Robust and flexible Liquidity Position at 30 June 2021 Disciplined capital allocation:  Balance between re-investment (organic / inorganic), dividends, retained earnings 30% As at Financial metrics 30 June 2021 Measure Target Range A$1.14B 70% Leverage Ratio (Net Debt / EBITDA) Leve

  12. Slide 12: FY22 Guidance

    FY22 Guidance 1.55-1.65Moz at AISC of A$1,475-1,575/oz; A$570M** growth capital Gold production AISC Growth capital Exploration (koz) (A$/oz) (A$M) (A$M) Kalgoorlie 900-950 1,500-1,600 230 Yandal 430-450 1,375-1,475 270 1,700-1,800 70 Pogo 220-250 (US$1,275-1,350/oz) (~US$55M) Group* 1,550-1,650 1,4

  13. Slide 13: FY22 Capital Guidance

    FY22 Capital Guidance A$M FY21* FY22 Kalgoorlie Open Pit Development 197 196 FY22 Gross Growth Capital (A$M) Underground Development 42 27 Carosue Dam Mill and Paste Expansion 16 1 Other 45 37 70 Yandal Open Pit Development 55 82 261 Underground Development 100 86 Thunderbox Mill and Paste Expansion

  14. Slide 14: Why Northern Star is a stand-out gold investment

    Why Northern Star is a stand-out gold investment  Business first - Leveraging operating / technical skills and disciplined capital management to deliver superior shareholder returns  World class jurisdictions - Exclusively  Capital discipline - Balance between shareholder returns and re-investmen

  15. Slide 15: Northern Star Resources Limited

    Northern Star Resources Limited ASX Code: NST Business First Investor Enquiries: Troy Irvin Level 1, 388 Hay Street, Subiaco 6008 Western Australia T: +61 8 6188 2100 E: investorrelations@nsrltd.com W: www.nsrltd.com 15

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