Centamin — Q3 2021 Earnings Presentation
34 slides from Centamin's earnings presentation, October 2021
Slide 1: Commitment to Stakeholder Returns
CENTAMIN 32 OCTOBER 2021
Slide 2: Disclaimers
DISCLAIMERS THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL This presentation has been prepared by Centamin Plc (:Centamit ‘ompany") solely for in
Slide 3: Clear and Straightforward Strategy
CLEAR AND STRAIGHTFORWARD STRATEGY QUR-VISION IS TO BE A MULTI-ASSET GOLD PRODUCER COMMITMENT TO STAKEHOLDER RETURNS CENTAMIN AZ 3
Slide 4: Multi-asset gold producer portfolio
Measured & Indicated! SUKARI GOLD MINE Egypt (160km?) * Sukari Orebody * Sukari Mine Concession * 9.3Moz M+! * 0.9Moz Inferred BROWNFIELD Inferred DOROPO PROJECT Cote d'Ivoire (2,329km2 » PFS underway « Upside potential * 0.16Moz M+! * §.21Moz Inferred ADVANCED ABC PROJECT Cote d'Ivoire (1,144km?) *
Slide 5: Strong Year to Date Delivery
STRONG YEAR TO DATE DELIVERY PRODUCTION ALL IN SUSTAINING COSTS MINING 307,821 US$1,197 SOMt ounces per ounce sold Record material moved Guidance on track Guidance on track Open pit outperformance SUKARI MINERAL RESOURCE MANAGEMENT COTE D'IVOIRE DEVELOPMENT POTENTIAL EGYPTIAN BID ROUND 79,000m DOROP
Slide 6: Strong Year to Date Delivery
STRONG YEAR TO DATE DELIVERY REVENUE CAPEX AISC MARGIN US$550 US$147 US$590 million million per ounce sold Ahead of budget Guidance on track Focus on value ounces FREE CASH FLOW NET CASH POSITION! IMPLIED FINAL DIVIDEND US$24 US$256 US$0.05 million million per share Ahead of budget Debt-free As prev
Slide 7: Strong Year to Date Delivery
STRONG YEAR TO DATE DELIVERY HEALTH: COVID-19 SAFETY ZERO 0.5 LTIFR material disruptions per 1,000,000 workplace hours Full COVID protocols in place Better than target BOARD DIVERSITY +33% female membership +11% ethnic diversity SUPPLY CHAIN WORKPLACE DEVELOPMENT LAUNCHED procured in Egypt Centamin
Slide 8: Value
~ VALUE IM
Slide 9: Sukari Gold Mine
Vy. i Gold Min, 4 . 4 ~Sukar ~\
Slide 10: On Track to Meet 2021 Production and Cost Guidance
ON TRACK TO MEET 2021 PRODUCTION AND COST GUIDANCE TARGETING +25% PRODUCTION GROWTH BY 2024 PRODUCTION (KOZ) AND AISC (US$/0Z SOLD) {0} FY24E TARGET! 500 450-500koz 2000 440-460koz 450-475ko2 450 400-430koz 1800 7 Targeting 400 A15ko2 1600 midpoint 350 1400 Gold producticn (koz) iN) a 3 S 3S 8 Costs
Slide 11: Culture of Continuous Improvement
CULTURE OF CONTINUOUS IMPROVEMENT TARGETING US$100M IN COST SAVINGS IN 4YRS (2020-2023) US$56M As at 30 June 2021 COST SAVINGS PROGRAMME: INITIATIVES UNDER REVIEW INITIATIVES IN PROGRESS USS56M DELIVERED OF THE USS$100M CENTAMIN Aé lL
Slide 12: Stringent Cost Management
STRINGENT COST MANAGEMENT MARKED PROGRESS WITH COST SAVINGS INITIATIVES AND IMPROVED OPERATING EFFICIENCIES Cash costs Total material mined! UNCHANGED +54% 140 35 120 30 100 25 = E if & 80 20£ ZB & 2 3 2 q 8 60 15 g z ec 40 10 20 5 0 0 Ql 2020 Q2 2020 Q3 2020 Q4 2020 Ql 2021 Q2 2021 Q3 2021 mms Cash
Slide 13: Key Growth Project: Hybrid Solar
KEY GROWTH PROJECT LARGEST HYBRID SOLAR PROJECT FOR AN OFF-GRID GOLD MINE 36MW HYBRID SOLAR PLANT, 7.5MW BATTERY-ENERGY STORAGE SYSTEM * Bifacial solar panels, maximising energy generation * Location averages 10hrs of sunshine per day per year * Commissioning expected H1 2022 BENEFITS * Reduces fuel
Slide 14: Integrated Approach to Lowering Our Carbon Footprint
INTEGRATED APPROACH TO LOWERING OUR CARBON FOOTPRINT CHANGING LANDSCAPE CENTAMIN FRAMEWORK * Societal expectations REPLACE fossil fuels consumption with renewable solutions * Investor risk assessment DISPLACE fossil fuel consumption with lower carbon alternatives latory requirements IMPROVE operatin
Slide 15: Investing for the Future
INVESTING FOR THE FUTURE MAINTAINING A SOLID TREASURY THROUGH CAPITAL REINVESTMENT PHASE H1 2021 KEY PROJECTS H2 2021 KEY PROJECTS FY 2021 GUIDANCE - Wa tripping : US$12M * Paste plan * CAPEX guidance: US$225M * Solar project: US$7M * So 0 * 65% spend in H2 (previously 55%) * Waste-s US$22M * TSF2 l
Slide 16: Delivering Sukari's Long Term Potential
DELIVERING SUKARI’S LONG TERM POTENTIAL LONG TERM PLANNING DRIVES BETTER OPERATING CONSISTENCY EXPLORATION AND RESOURCE DEFINITION MINERAL RESOURCE MANAGEMENT fo} PRODUCTIVITY & EFFICIENCY GAINS OPTIMISED SUKARI LIFE OF MINE PLAN MINING FLEXIBILITY TO BE ANNOUNCED 1 December 2021 PROCESSING OPTMISAT
Slide 17: Investor Presentation
> INVESTOR PRE “SS CENTAMIN 42 +
Slide 18: Our 2024 Targets
€) OUR 2024 TARGETS OPERATIONAL CONSISTENCY: SIGNIFICANT NI MPRO SS, SOURCE a FOCUSED APPROACH T0 GEOLOGY
Slide 19: Exploring Two Prolific Geological Terranes
EXPLORING TWO PROLIFIC GEOLOGICAL TERRANES THE ARABIAN NUBIAN SHIELD: LAST GREAT UNDEREXPLORED GOLD BELT ARABIAN NUBIAN SHIELD (2000-2020) a Gold exploration spend US$0.9bn. Development & growth CAPEX US$1.1bn SUKARI Current gold Reserves 12.5Moz Current active gold mines 10 2020 gold production 0.9
Slide 20: Sukari Underground Growth Extensional Results
SUKARI UNDERGROUND GROWTH EXTENSIONAL RESULTS SIGNIFICANT DRILL INTERCEPTS OUTSIDE THE 2020 RESOURCE MODEL UGRSD2168- 18.06m @ 6.16g/t UGRSD2190- 8m @ 17.76g/t UGRSD2188- 17.4m @ 21.58 DH Intercepts (Au g/t) o 13 UGRSD2168- 45m @ 9.84g/t UGRSD3262- 49m @ 15.3g/t @ 35 <3 UGRSD2197- 10.5m @ 9.45gt UGR
Slide 21: Sukari Brownfield Exploration
>) SUKARI BROWNFIELD EXPLORATION SUKARI NORTH EXTENSION Ue SUKARI NORTH SEARCHING FOR SATELLITE DEPOSITS TO AUGMENT MAIN OPERATIONS 6 DRILL TARGETS * Sukari North (400m strike) * Sukari North Extension (600m strike) * Kurdeman East (500m strike) * \V-Shear East (200m strike) * Um Tundubah (200m stri
Slide 22: Egypt's Eastern Desert
EGYPT'S EASTERN DESERT EXPLORATION BLOCKS EGYPT'S NUBIAN SHIELD A iN] ONE OF THE LAST UNDEREXPLORED GOLD BELTS SECURED 3,000KM? HIGHLY PROSPECTIVE GROUND BLOCK os © Two strategies; three blocks: ~ Nugrus Block (1,086km?) » Najd Block (1,374km?) » Um Rus Block (524km?) Two-year exploration budget: US
Slide 23: Doropo Project Development Potential
DOROPO PROJECT DEVELOPMENT POTENTIAL POST-TAX NET PRESENT VALUE (NPV; ¢,) INTERNAL RATE OF RETURN (“IRR”) DEVELOPMENT CAPITAL US$487M 33% US$275M at consensus! gold price at consensus! gold price US$234m at US$1450/oz gold price 21% at US$1450/oz gold price Including 15% contingency MINERAL RESOURCE
Slide 24: Doropo soils and termites geochemistry map
Au ppb in soils and termites Granted permits Permits under application Mineralized structures Major structures Classified forests 10 km Total magnetic intensity image
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Slide 26: Commitment to Stakeholder Returns
COMMITMENT TO STAKEHOLDER RETURNS BUILDING ON A EIGHT YEAR TRACK RECORD OF SECTOR LEADING DIVIDEND RETURNS CUMULATIVE CASH RETURNS (US$M) DIVIDEND POLICY $1,331 $1,028 $805, $647 WV $371 SURPLUS CASH RETURNED TO SHAREHOLDERS $125 $66 — FY14 FY15 FY16 FY17 FY18 FY19 FY20 mShareholder dividends = Prof
Slide 27: World Class Asset Offering Growth + Yield
WORLD CLASS ASSET OFFERING GROWTH + YIELD WORLD CLASS ASSET LEADING DIVIDEND SIGNIFICANT GROWTH POTENTIAL * Targeting 450-500koz @ * Sustainable dividend policy « Next potential mine - Doropo US$900/0z AISC1 with 8yr track record Project - PFS underway ° 12yr life of mine with upside * Intention to
Slide 28: Thank You
OCTOBER 2021 ENQUIRIES| ALEXANDRA BARTER-CARSE | INVESTOR@CENTAMINPLC,COM % 7
Slide 29: Developing Our Workforce
DEVELOPING OUR WORKFORCE TRAINING, DEVELOPMENT AND INDIVIDUALISED CAREER PATHS THE CENTAMIN CAPABILITY FRAMEWORK AT SUKARI Structured approach to training our people Developing leadership and technical skills to improve operational delivery Framework is underpinned by Training Needs Analysis, Perfor
Slide 30: Q3 2021 operating and financial summary table
Total material mined kt 31,656 25,585 24% 17,682 79% 79,824 Ore mined kt 2,915 3,031 (4%) 3,805 (23%) 9,708 Ore grade mined g/t Au 1.02 0.76 34% 1.01 1% 0.84 Ore grade milled g/t Au 1.05 0.87 21% 1.28 (18%) 0.94 UNDERGROUND Ore mined kt 201 223 (10%) 139 45% 594 Ore grade mined g/t Au 4.47 4.67 (4%)
Slide 31: Delivering Operational Efficiencies and Productivity Gains
DELIVERING OPERATIONAL EFFICIENCIES AND PRODUCTIVITY GAINS Record total material moved: 80Mt 7Mt ore mined was 26% ahead of schedule Including 1.8Mt reclassified from waste to low grade ore Waste-stripping programme outperformance Owner-operator team moved 8% more tonnes than scheduled Contract-mine
Slide 32: Cost Structure
COST STRUCTURE LIMITED COST SENSITIVITIES MINE PRODUCTION COSTS (YTD: US$275M) 1% 2 & Admin CENTAMIN SZ GROUP COST BREAKDOWN 5% 4% Ql 2021 Q2 2021 mLabour Fuel Consumables ® Royalties 4% Q3 2021 Contractors = Other FX EXPOSURE 5% 5% Ql 2021 Q2 2021 Q3 2021 =Other BAUD EGP =USD 32
Slide 33: Understanding the Sukari Orebody
UNDERSTANDING THE SUKARI OREBODY SYSTEMATIC APPROACH TO REALISING FULL VALUE OF OREBODY MINERAL RESOURCE MANAGEMENT ~) Re-logging programme commenced ~) Defining rock types and codes across the site Y) Geochemical & petrology samples collected ~) Structural model completed Y) 79,000 metres of open d
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