Westgold Resources Ltd · ASX:WGX
Westgold Resources — H1 FY2024 Earnings Presentation
12 slides from Westgold Resources's earnings presentation, Feb 29, 2024
Slide 1: FY24 Half Year Financial Results
For personal use only Westgold Resources Limited ASX:WGX | OTCQX:WGXRF FY24 Half Year Financial Results westgold.com.au
Slide 2: Disclaimer
Disclaimer Compliance Statement Forward-looking Statements The information in this report that relates to Exploration Results is compiled by Westgold technical employees and These materials prepared by Westgold Resources Limited (or “the Company”) include forward-looking statements. contractors unde
Slide 3: 1 cent per share interim dividend (unfranked)
1 cent per share interim dividend (unfranked) “The Board today has determined to pay our first Key Dates dividend under the new dividend policy. This reflects For personal use only growing confidence in the business and marks Declaration 29 February 2024 another milestone in Westgold’s transformatio
Slide 4: We are a portfolio company
We are a portfolio company Starlight Operating in region endowed with >35Moz of gold 3 Processing plants For personal use only 4 Operating mines Western Bluebird Australia Fortnum Big Bell In development – Great Fingall UG Cue Meekatharra Fender 1,300 km2 of highly prospective Perth Great Fingall ex
Slide 5: Strong financial performance
Strong financial performance Continued focus on safe and profitable ounces delivers results Revenue EBITDA Net Profit after Tax For personal use only $363M $146M $44M 15% 132% 500% Record half year revenue 40% EBITDA margin Turnaround free of fixed forward compares favourably implementation delivers
Slide 6: Record revenue and EBITDA
Record revenue and EBITDA Westgold’s strategy delivering profitability Westgold reset Revenue ($M) 337 341 363 Record revenue coincides with 311 316 269 closeout of hedge book For personal use only 146 Record EBITDA through EBITDA ($M) 108 106 104 104 63 enhanced revenue and continued focus on prude
Slide 7: H1 FY24 Results summary
H1 FY24 Results summary Key Consolidated Results H1 FY24 H1 FY23 Movement Gold Produced (oz) 122,342 128,228 (5%) Gold Sales (oz) 122,081 129,389 (6%) Achieved gold price ($/oz) 2,963 2,434 22% For personal use only All-In Sustaining Cost (AISC) ($/oz) 2,093 2,071 1% Revenue ($M) 363 316 15% Cost of
Slide 8: Strong balance sheet with $238M in Cash & Bullion
Strong balance sheet with $238M in Cash & Bullion Fourth consecutive quarter of cash flow generation +$21M 238 +$25M For personal use only 217 +$46M +$24M 192 +$9M 168 159 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 Closing Cash, Bullion & Liquids position ($M) 8
Slide 9: Cash built whilst investing $82M in growth and exploration
For personal use only $M Opening Cash, Bullion & 192 Liquid Assets 8 Opening Bullion 8 Opening Investments Opening Cash Revenue 176 363 Operating Cash Costs (224) Operating Sustaining Capital (35) Growth Capital (45) PP&E (25) +$46M Capital Expenditure Exploration (12) 11 Inventories - stockpiles 29
Slide 10: Westgold remains on track for FY24 guidance
Westgold remains on track for FY24 guidance Stronger H2 expected on top of further possible upside from Great Fingall FY24 Group Operating a portfolio of gold mines H1 FY24 Guidance underpins our inherent operating For personal use only flexibility Production (oz) 245,000 -265,000 122,343 AISC ($/oz
Slide 11: Westgold's priorities for FY24
Westgold’s priorities for FY24 5 Sensibly invest in 3 technology that drives cost 6 For personal use only reduction Continue to 1 increase mine life of our existing Assess growth Continue to safely mines 4 opportunities aligned to our core and efficiently capabilities optimise our Continue to invest
Slide 12: Contact Information
Contact Information: For personal use only Investor Relations Kasun Liyanaarachchi | Investor Relations Manager kasun.liyanaarachchi@westgold.com.au Thank you. +61 458 564 483 Media Peter Knight | Communications Advisor peter.knight@westgold.com.au +61 459 980 481 ASX: WGX | OTCQX: WGXRF westgold.co