Slide 1: FY12 Full Year Financial Results
Evolution Mining FY12 Full Year Financial Results 30 August 2012 Tim Churcher - VP Finance & Chief Financial Officer
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the following. This presentation includes forward-looking statemen
Slide 3: FY12 Corporate Highlights
FY12 Corporate Highlights Successful merger delivers as planned Merger implemented successfully FY12 group production and cost guidance met Solid underlying profit result of A$63 million (for partial year ownership) Investment of A$244 million in operational predictability and growth Mt
Slide 4: FY2012 Financial Highlights
FY2012 Financial Highlights Growth in all key metrics Gold production increased by 192% to 280,4011 (attributable) ounces Sales revenue increased by 285% to $469.5 million Underlying net profit increased by 4,010% to A$63.4 million Reported net profit increased by 1,720% to A$37.3 million
Slide 5: Profit
Profit Underlying profit of A$63.4 million 30-Jun-12 30-Jun-11 % increase 12 months ending A$k A$k (decrease) Total Revenue 469,484 121,870 285% Underlying EBITDA 189,991 28,831 559% Underlying EBIT 95,979 8,556 1,022% Underlying Net Profit 63,395 (1,621) 4,010% Business combination costs (19,963)
Slide 6: Non-recurring Items
Non-recurring Items FY2012 A$k A$k Pre-tax Post-tax Business combination costs (28,518) (19,963) Fair Value uplift on 30% Cracow holding 2,757 1,930 Tax effect of permanent differences (8,050) (8,050) Total Non-recurring Items (33,811) (26,083) Business combination cost predominantly stamp duty (A
Slide 7: FY12 Production and Cost Results
FY12 Production and Cost Results Group Production 280,401oz (attributable) at A$771/oz cash cost (oz) Group gold production Cash cost 300,000 A$771/oz 250,000 Pajingo 57,154oz 200,000 Mt Rawdon 71,205oz 150,000 Cash cost A$956/oz Edna May 100,000 73,264oz Edna May 50,000 65,592oz Cracow Cracow 30,
Slide 8: Sales Revenue
Sales Revenue Sales revenue grows by 285% to A$469 million Sales Revenue Au Price Received (A$k) (A$/oz) 140,000 $129M 1,700 $122M 120,000 $116M 1,675 $102M 1,650 100,000 1,625 80,000 $1,618/oz 1,600 $1,607/oz $1,616/oz 60,000 1,575 $1,570/oz 1,550 40,000 1,525 20,000 1,500 0 1,475 Cracow Edna May
Slide 9: Site EBITDA
Site EBITDA Operations deliver record underlying EBITDA* of A$225 million EBITDA (A$k) Contribution to site EBITDA 33% 29% 20% 18% 80,000 $74M $65M 60,000 $45M $41M 40,000 20,000 0 Mt Rawdon Cracow Edna May Pajingo A reliable and profitable portfolio has been established * Site EBITDA is before al
Slide 10: Depreciation & Amortisation
Depreciation & Amortisation D&A Charge of A$93.6 million driven by fair value uplift of acquired assets A$k Asset base (PP&E + Mine Development) 300,000 A$272M A$254M D&A charge 250,000 in FY12 200,000 A$177M A$165M A$155M 150,000 100,000 $35M $19M $28M $12M 50,000 $496/oz $331/oz $354/oz $157/oz
Slide 11: Cash Flow
Cash Flow Strong underlying cashflow from operations of $172M FY2012 Cash flow A$M Opening Cash at 30 June 2011 30.1 Cash inflow from operations 172.3 - cash received from sales 448.5 - operating costs, corporate & expl. (275.5) - net interest paid (0.7) Cash inflow from financing activities 142.6
Slide 12: Capital Expenditure
Capital Expenditure Total of A$244 million invested for future growth Capital Expenditure Edna May A$44M New operations Mt Carlton Existing operations A$941M A$94M1 A$150M - $85M direct project capital Cracow - predominantly open pit stripping - Commissioning planned by end A$32M costs and lateral
Slide 13: Discovery Expenditure
Discovery Expenditure A$18.5 million invested in Exploration in FY12 Mt Rawdon A$581k Mt Carlton A$2,587k Exploration expense of $5.5 million recorded in FY12 Pajingo A$7,579k - 30% expensed/70% capitalised Cracow - reflects near-mine exploration A$3,249k drilling with limited grass-roots activity
Slide 14: Balance Sheet
Balance Sheet Conservative balance sheet maintained 12 months ending 30-Jun-12 A$k Current assets 219,173 Current liabilities 137,382 Healthy current ratio Net current assets 81,791 Low gearing ratio Current ratio 1.6 Total interest-bearing liabilities 35,845 Net Assets/Total Equity 1,056,418
Slide 15: FY13 Guidance
FY13 Guidance Growth planned for FY13 Full year ownership drives increased production Initial contribution from Mt Carlton Guidance FY2013 Gold Equivalent Production Cash Operating Costs (oz) (A$/oz) Cracow 90,000 – 100,000 780 – 820 Pajingo 85,000 – 90,000 730 – 780 Mt Rawdon 95,000 – 110,000
Slide 16: Globally Competitive
Globally Competitive Strong operating and financial results delivered after only 8 months from formation Australian diversified gold producer – alternate investment opportunity Operational predictability – delivering to promise Proven management team Financial strength Delivering meaning
Slide 17: Evolution Mining
Evolution Mining ASX Code: EVN www.evolutionmining.com.au