Westgold Resources Ltd · ASX:WGX
Westgold Resources — FY2022 Earnings Presentation
10 slides from Westgold Resources's earnings presentation, Aug 26, 2022
Slide 1: FY22 Financial Results and FY23 Guidance
For personal use only FY22 FINANCIAL RESULTS AND FY23 GUIDANCE 26 August 2022 Wayne Bramwell – Managing Director Tommy Heng – Chief Financial Officer Phillip Wilding – Acting Chief Operating Officer
Slide 2: Disclaimer
Disclaimer COMPLIANCE STATEMENT For personal use only Exploration targets, exploration results the information in this report that relates to exploration targets and exploration results is compiled by Westgold technical employees and contractors under the supervision of Mr. Jake Russell B. Sc. (Hons
Slide 3: Leadership and Major Shareholders
Leadership and Major Shareholders Board For personal use only Ind. Non-Executive Chair Hon. Cheryl Edwardes AM Managing Director Wayne Bramwell Ind. Non-Executive Director Julius Matthys Ind. Non-Executive Director Fiona Van Maanen Ind. Non-Executive Director Gary Davison Management Chief Financial
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Corporate Structure Gold Production & Guidance Shares on Issue 473.6M FY22 Production 270,884oz @ AISC1 $1,692/oz Options on Issue 2.3M FY22 Guidance 270,000oz @ AISC $1,500 – $1,700/oz 12 Month Trading Range $2.50 – $1.08 Avg Liquidity / day ≈2.8M shares Avg
Slide 5: FY22 – Production Highlights
FY22 – Production Highlights For personal use only Record full year production 270,884oz 10% on FY21 Gold Produced Gold Produced Gold Produced Gold Produced 220,706 oz 235,196 oz 245,411 oz 270,884 oz Achieved gold price lift $2,401/oz 3% on FY21 Delivered guidance despite Covid – 19 disruptions
Slide 6: FY22 – Financial Metrics
FY22 – Financial Metrics For personal use only Financial Metric FY22 FY21 Change Achieved gold price of $2,401/oz Gold Produced (oz) 270,884 245,411 + 10% Supply chain and inflationary cost pressures Revenue ($M) 647.6 571.2 + 13% have impacted Costs of Sales: Cost of Sales ($M) 620.3 455.5 + 36
Slide 7: FY22 - Cash Movements
FY22 - Cash Movements For personal use only Record production resulting in revenue of $648M at an achieved gold price of $2,401/oz Growth funds - net proceeds of $97M from the placement for growth projects completed during the year has not been drawn down. Operating cost pressures $420M on fue
Slide 8: Hedge Book at June
Hedge Book at 30 June For personal use only 14,000 12,000 10,000 8,000 oz. 6,000 4,000 2,000 - Oct-22 Jan-23 May-23 Aug-22 Nov-22 Mar-23 Jun-23 Sep-22 Feb-23 Apr-23 Jul-22 Dec-22 Jul-23 Hedge book reduced to 148,000oz at an average $2,396/oz Provides approximately ≈6 months production cover at 270
Slide 9: FY23 Production and Cost Guidance
FY23 Production and Cost Guidance For personal use only Westgold Managing Director, Wayne Bramwell commented: “Westgold has taken a conservative approach to FY23 guidance due to the uncertainties created by the current inflationary environment and ongoing supply chain constraints. We are proactively
Slide 10: Need More Information?
For personal use only Need More Information? Corporate and Investor Enquiries: Wayne Bramwell – Managing Director P: +61 8 9462 3400 E: Investor.Relations@westgold.com.au www.westgold.com.au 10