Regis Resources Limited · ASX:RRL

Regis Resources — FY2016 Earnings Presentation

14 slides from Regis Resources's earnings presentation, Aug 29, 2016

1. Slide 1: Regis Resources 2016 Full Year Financial Results

   For personal use only 1 1 REGIS RESOURCES LTD 2016 FULL YEAR FINANCIAL RESULTS

2. Slide 2: Disclaimer & Competent Persons Statement

   DISCLAIMER & COMPETENT PERSONS 22 STATEMENT This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or RRL") and their respective activities and For personal use only operations. The contents of this presentation, including matters relating to

3. Slide 3: FY2016 Financial Results Highlights

   FY2016 – FINANCIAL RESULTS HIGHLIGHHTS For personal use only 3 3 STRONG FINANCIAL RESULTS  Net profit after tax up 29% to $111.8 million • Earnings per share also up 29% to 22.37cps  Revenue up 8% to $502.0 million • Slightly lower (1%) gold sales volume and 8% higher delivered gold price of $1,60

4. Slide 4: Strong Performance on All Profit Measures

   STRONG PERFORMANCE ON ALL 4 4 PROFIT MEASURES For personal use only Revenue Net Profit After Tax1 600 120 112 502 500 465 100 87 400 372 80 $ Millions $ Millions 300 60 55 200 40 100 20 0 0 2014 2015 2016 2014 2015 2016 EBITDA1 Earnings1 & Dividend Per Share 25 22.4 250 234 50% 20 17.4 EBITDA/Revenu

5. Slide 5: Strong Cash Build Continues

   5 STONG CASH BUILD CONTINUES 5 For personal use only Net Cash from Operating Activities1 & Cash Build2 250 204 200 $ Millions 150 142 124 130 100 70 50 0 2014 2015 2016 (50) (32) Net Cash from operating activities Cash build Business generating strong operating cashflow and conversion to the balance

6. Slide 6: Cashflow Waterfall

   6 CASHFLOW WATERFALL 6 For personal use only Cash & Gold on Hand Movements - FY2016 $350.0m $233.4m 1 $300.0m $250.0m ($50.0m) $200.0m ($35.2m) ($20.0m) ($18.1m) $150.0m ($21.3m) $123.3m ($22.9m) ($1.8m) ($5.2m) $100.0m $64.5m $50.0m - Strong cash-flow from operations of $233.4m for FY2016 allowed f

7. Slide 7: Dividend

   7 DIVIDEND 7 For personal use only 2016  Final dividend declared 9 cents per share fully franked ($45 million)  Payable 31 August 2016  Interim dividend 4 cps fully franked ($20m paid February 2016)  Fully year (13cps) payout key metrics: • 13% of FY16 revenue and 58% of NPAT • 3.3% basic divide

8. Slide 8: Operating Performance, Outlook and Reserve Growth

   OPERATING PERFORMANCE, OUTLOOK AND 8 8 RESERVE GROWTH OPERATIONS For personal use only  Strong operational performance at Duketon in FY2016 • 305,084 ounces of gold produced at AISC of $927/oz OUTLOOK  FY2017 production guidance increased to 300,000-330,000 ounces at AISC $980-1,050  Medium term

9. Slide 9: Review of FY2016 Operations

   REVIEW OF FY2016 OPERATIONS For personal use only 9 9 PRODUCTION ABOVE GUIDANCE & DELIVERING STRONG CASHFLOW FY16 FY15 OPERATIONS Ore mined (Mbcm) 4.63 4.65  FY16 production 305,084 ounces  Slightly lower (2%) than FY15 due to lower Waste mined (Mbcm) 22.62 23.70 scheduled grade, particularly at M

10. Slide 10: Operations Outlook: FY2017 Guidance

    10 OPERATIONS OUTLOOK 10 FY2017 GUIDANCE For personal use only  Gold production 300,000 – 330,000 ounces  Cash costs $840 – $910 per ounce  AISC $980 – $1,050 per ounce  Growth Capex: $27m Major components of growth capital: • Gloster pre-production capital $7m • Erlistoun pre-production capital

11. Slide 11: 2017–2019 Duketon Production Guidance & Targets

    11 OPERATIONS OUTLOOK 11 2017 – 2019 DUKETON PROJECT PRODUCTION GUIDANCE & TARGETS For personal use only 380,000 370,000 360,000 2019 350,000 TARGET 340,000 2018 330,000 340,000 TARGET GOLD PRODUCTION (OUNCES) 320,000 2017 GUIDANCE 320,000 300,000 2016 300,000 ACTUAL 280,000 305,084 260,000 240,000

12. Slide 12: Duketon Reserve Growth

    12 DUKETON RESERVE GROWTH 12 For personal use only RESERVES INCREASE TO 2.13Moz – MORE THAN REPLACING FY16 PRODUCTION Total Ore Reserve Tonnes Gold Grade Gold Metal (Mt) (g/t) (koz) 31 March 2015 59.1 1.06 2,006 Depleted by Mining to 31/3/16 -10.6 0.96 -326 31 March 2015 Net of Depletion 48.5 1.08 1

13. Slide 13: JORC Compliant Ore Reserve Estimates March 2016

    APPENDIX 1 JORC COMPLIANT 13 13 ORE RESERVE ESTIMATES 31 MARCH 2016 For personal use only Group Ore Reserves as at 31 March 2016 Gold Proved Probable Total Ore Reserve Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Project Type Person3 (g/t)2

14. Slide 14: JORC Compliant Mineral Resources March 2016

    APPENDIX 2 14 14 JORC COMPLIANT MINERAL RESOURCES 31 MARCH 2016 Group Mineral Resources For personal use only as at 31 March 2016 Gold Measured Indicated Inferred Total Resource Competent Cut-Off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade

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