Slide 1: Evolution Mining 2015 Full Year Financial Results
For personal use only Evolution Mining 2015 Full Year Financial Results 27 August 2015 Jake Klein – Executive Chairman Lawrie Conway – Finance Director and Chief Financial Officer
Slide 2: Forward looking statement
For personal use only Forward looking statement These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expe
Slide 3: Three pillars
Three pillars For personal use only Creating shareholder value Operations Discovery M&A Act like owners to Using science and Improve the quality of technology to asset portfolio maintain a cost and through opportunistic, improve probability productivity focus of transformational logical, value over
Slide 4: Overview of recent activity
Overview of recent activity 26 August 2015: Cowal Resources and Reserves increase For personal use only Mineral Resources increased by 1.66 Moz (48 %) to 5.09 Moz Ore Reserves increased by 630 koz (40 %) to 2.18 Moz 24 August 2015: La Mancha transaction completed Unconditional FIRB approva
Slide 5: FY15 financial highlights
FY15 financial highlights Record financial performance For personal use only Underlying profit up 112 % to A$106.0 M Statutory profit up 100 % to A$100.1 M Sales revenue up 5 % to A$666.0 M EBITDA increased by 28 % to A$266.4 M Low Group cash cost of A$711/oz (US$554/oz)1 Improved AISC
Slide 6: Key profit metrics all trending positively
Key profit metrics all trending positively Gold sales1 C1 cash cost2 For personal use only A$/oz koz (Up 11%) (Down 8%) 780 772 430 427 770 420 760 750 410 740 400 730 390 720 711 383 710 380 700 370 690 680 360 30/06/2014 30/06/2015 30/06/2014 30/06/2015 EBITDA margin2 Earnings per share3 45% (Up 2
Slide 7: Record FY15 profit
For personal use only A$M Underlying Profit 50.0 June 2014 Gold Volume 64.6 Gold Price 17.7 By Product 46.3 Volume Record FY15 profit By Product Price 4.4 Mine Operating 36.5 Costs Net profit (A$M) D&A 8.9 Exploration Corporate, 3.1 interest & other Underlying Profit June 2015 106.0 Acquisition Co
Slide 8: Lower cash costs of sales at all sites
Lower cash costs of sales at all sites Operating cash costs reduced by 5 – 20 %; group total reduced by 9 % For personal use only Activity and production increased during the period offsetting 2 % reduction in grade Underground ore tonnes mined up 11 % Ore tonnes processed up 3 % Gold prod
Slide 9: All in sustaining costs
All in sustaining costs Strong turnaround at Edna May For personal use only Mt Carlton successfully offset the impact of reduced by-product credits (A39 complete) A$/oz All-in sustaining cost (A$/oz) 1,350 1,291 1,250 1,213 1,163 1,150 1,069 1,058 1,050 1,054 1,050 950 912 898 886 873 854 850 75
Slide 10: EBITDA margins
EBITDA margins Increased EBITDA Margin at every operation For personal use only Driven by lower costs and productivity improvements Group EBITDA margin 33% 40% EBITDA margin 60% 53% 50% 48% 47% 45% 42% 41% 40% 40% 33% 29% 29% 30% 20% 10% 0% Cracow Edna May Mt Carlton Mt Rawdon Pajingo 30/06/2014
Slide 11: Mine cash flow
Mine cash flow Mine cash generation up 47% Mine cash contribution (%) For personal use only Ability to fund capital programs and remain cash positive Mt Carlton, 16% Cracow, Benefit of diverse portfolio with consistent contribution 24% Pajingo, 10% Mine Cashflow (A$M) Mt Edna 40 Rawdon, May, 2
Slide 12: Discovery
Discovery Exploration expenditure increased by For personal use only 18% to A$24.0M (FY14: A$20.3M) Exploration investment Successful resource definition drilling of deeper mineralisation at Edna May Edna May Cracow 3% Drilling guided by 3D seismic extended 19% mineralised zone at Pajingo’s Te
Slide 13: Strong group net cash flow
For personal use only A$M Operating activities cashflow 284.7 Sustaining Capital 77.0 Major Capital 91.2 Exploration 21.3 Investments, working Payment of dividends maintained 5.6 capital and other Free cash flow 89.7 before financing Interest and Financing excl Equity 16.7 and Debt repayment C
Slide 14: Balance sheet and gearing
Balance sheet and gearing Gearing reduced by 65 % during year (pre-equity Gearing (%) [ND/D+E] For personal use only raising and debt repayment) 16.0% 14.0% 13.5% New facilities in place for Cowal and Mungari 12.0% 12.0% acquisitions 10.0% Revolver facility of A$300 M (3 year term) 8.0% 6.0%
Slide 15: FY16 guidance
FY16 guidance For personal use only Gold production C1 cash costs All-in sustaining cost Guidance FY16 (oz) (A$/oz) (A$/oz) Cracow 85,000 – 95,000 730 – 800 1,080 – 1,150 Pajingo 60,000 – 65,000 810 – 890 1,180 – 1,260 Mt Rawdon 87,500 – 97,500 620 – 680 880 – 940 Edna May 82,500 – 90,000 1,060 – 1,
Slide 16: Summary
Summary Underlying profit up 112 % to A$106.0 M For personal use only Low Group cash cost of A$711/oz (US$554/oz) Improved AISC of A$1,036/oz (US$807/oz) Increased EBITDA margins at every operation Record Group net cash flow Consistent returns to shareholders via revenue-linked dividend
Slide 17: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 18: Evolution Mineral Resources – December 2014
Evolution Mineral Resources Dec 2014 Evolution Mineral Resources – December 2014 Gold Measured Indicated Inferred Total Resource For personal use only Gold Gold Gold Gold Gold Gold Gold Gold Tonnes Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal Grade Metal (Mt) (Mt) (M
Slide 19: Evolution Ore Reserves – December 2014
Evolution Ore Reserves Dec 2014 For personal use only Evolution Ore Reserves – December 2014 Gold Proved Probable Total Reserve Gold Gold Gold Gold Gold Gold Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal (Mt) (Mt) (Mt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Cowal1 Open p