Polus · RUS:PLZL

Polus — Polyus Gold International — FY2013 Earnings Presentation

11 slides from Polus's earnings presentation, Mar 26, 2014

  1. Slide 1: Polyus Gold International Financial results for FY13

    Polyus Gold International Financial results for FY13 March 2014 1

  2. Slide 2: FY13 key highlights

    FY13 key highlights Keeping strong fundamentals Strong set of results despite weaker gold price:  adjusted EBITDA margin maintained at healthy level: FY13 (39%) vs. 1H13 (41%);  prudent cost control: $707/oz in FY13 vs. $757/oz in 1H13. Continued focus on organic growth:  operational improvements

  3. Slide 3: Financial performance: Solid financial results

    Financial performance Solid financial results $ mln, unless specified otherwise 2013 2012 Change Gold production (koz) 1,649 1,569 5% Gold sold (koz) 1,631 1,571 4% Average realised gold price ($/oz) 1,385 1,666 -17% Total revenue 2,329 2,680 -13% Adjusted operating profit 694 1,211 -43% Adjusted op

  4. Slide 4: Cash operating costs

    Cash operating costs Cost structure largely unchanged Key operational parameters Cash operating costs +2% +28% 58.3 30.0 $ 1,128 mln $ 1,268 mln 57.3 23.5 2012 7% 7% Others 3% 2% 2013 4% 5% Refining costs 13% 17% Outsourced mining services Stripping, mln m 3 Ore mined, mt 30% Power 30% +3% -8% 21.8

  5. Slide 5: Financial performance: Business units results

    Financial performance Business units results Gold production, koz 1,649 1,569 2012 653 691 2013 401 395 117 131 214 205 89 138 138 46 Olimpiada Blagodatnoye Titimukhta Alluvials Verninskoye Kuranakh Total Adjusted EBITDA, $ mln and adjusted EBITDA margin, % 2012 adjusted EBITDA 2013 adjusted EBITDA

  6. Slide 6: Financial performance: Business units results

    Financial performance Business units results TCC, $/oz 1,085 993 920 925 869 880 869 789 685 666 697 707 2012 463 479 2013 Olimpiada Blagodatnoye Titimukhta Alluvials Verninskoye Kuranakh Total  3% y-o-y decrease in TCC at Olimpiada was a result of improvement in average grade and recovery;  Sligh

  7. Slide 7: Adjusted EBITDA Factor analysis

    Adjusted EBITDA Factor analysis Adjusted EBITDA, $ mln 1,303 25 910 99 (459) (58) Adjusted EBITDA Realised price decrease TCC growth Sales volumes growth Other Adjusted EBITDA 2012 2013 7

  8. Slide 8: Capital expenditure: Focus on core projects

    Capital expenditure Focus on core projects Capital expenditure breakdown by project, $ mln 2013 2012 Change Mine under development, including 1,024 306 235% Natalka project 1,024 306 235% Capital construction-in-progress, including 383 463 -17% Krasnoyarsk 210 101 108% Polyus-stroy 68 134 -49% Verni

  9. Slide 9: Debt portfolio: Healthy leverage maintained

    Debt portfolio Healthy leverage maintained Debt repayment schedule, $ mln  FY13 net debt: $349 mln; 825  Net debt/EBITDA: 0.4x;  78% of current portfolio relates to long-term debt. 269 118 Due 2014 Due 2015 Due 2016+ FY13 debt breakdown by type FY13 debt breakdown by currency FY13 debt breakdown

  10. Slide 10: Change in cash

    Change in cash Negative change in cash on the backdrop of high investing CF Change in cash, $ mln 910 (209) (32) 422 (175) (72) (108) Adjusted WC Interest paid Income tax Other Operating CF Investing CF Financing CF Change in cash EBITDA movements paid (1,023) 493 10

  11. Slide 11: Disclaimer

    Disclaimer The information contained herein has been prepared using information available to Polyus Gold International Limited (“PGIL”) at the time of preparation of the presentation. External or other factors may have impacted on the business of PGIL and the content of this presentation, since its

Polyus Gold International — FY2013 Earnings Presentation on 6ix