Newcrest Mining — Denver Gold Group 2021 Gold Forum Americas
15 slides from Newcrest Mining's conference presentation, September 2021
Slide 1: Forging an even stronger Newcrest
DENVER GOLD GROUP – 2021 GOLD FORUM AMERICAS Forging an even stronger Newcrest Sandeep Biswas Managing Director and Chief Executive Officer
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements This document includes forward looking statements and forward looking information within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “inte
Slide 3: Disclaimer: Competent Person's Statement
Disclaimer Competent Person’s Statement The information in this document that relates to Mineral Resources or Ore Reserves (other than for Havieron and Red Chris) has been extracted from the release titled “Annual Mineral Resources and Ore Reserves Statement – 31 December 2020” dated 11 February 202
Slide 4: Sustainability: Progress & goal of net zero carbon emissions by 2050
Sustainability: Progress & goal of net zero carbon emissions by 20501 NEAR TERM & UNDER LONGER TERM Achievements CURRENT STATE CONSIDERATION5 • First quartile position in DJSI CADIA Australia Metals & Mining Index2 Coal-powered electricity CADIA Net carbon emissions Wind PPA LIHIR • Upgraded to ‘AA’
Slide 5: FY21 Results: Strong financials underpin increased dividends
FY21 Results: Strong financials underpin increased dividends Strong production + higher prices = improved profitability & record free cash flow • Record AISC margin of $876/oz1, up 31% • Record statutory & Underlying profit of $1.2 billion, up 80% & 55% respectively • EPS of US 142.5 cps, 71% higher
Slide 6: FY21 Results: Driving maximum value (& records) from our assets
FY21 Results: Driving maximum value (& records) from our assets Cadia achieved 32 million tonne mine production and mill throughput in FY21 and an All-in Sustaining Cost of negative $109/oz, resulting in free cash flow of $1.2 billion (pre tax). Cadia Mine Production (mtpa) Cadia Mill Throughput (mt
Slide 7: FY21 Results: Record annual dividend, 6th year of increased dividends
FY21 Results: Record annual dividend, 6th year of increased dividends Basic Statutory Earnings Per Share (cps) Dividends Declared (cps)1 160 60 142.5 55 140 50 120 40 100 80 30 60 20 40 10 20 0 0 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 1. Dividends shown based on year in which th
Slide 8: Long Reserve Life: Newcrest retains long reserve life advantage
Long Reserve Life: Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,796 gold price (being Newcrest’s FY21 realised gold price) Indicative AISC Margin - Interest Exp US$ per ounce2 1,000 950 900 Evolu
Slide 9: Copper Exposure: Natural consequence of provinces and skillset
Copper Exposure: Natural consequence of provinces and skillset • Record copper production of ~143kt in FY21 • Copper represented ~22% of net revenue in FY21 • Significant copper resources drive potential for copper • Copper expected to become a higher proportion of upside at Wafi-Golpu, Red Chris, H
Slide 10: Trading Metrics: Newcrest potentially undervalued on range of metrics
Trading Metrics: Newcrest potentially undervalued on range of metrics EV to Ore Reserves (US$/oz)1,2 Price to Earnings (1 yr forward)3 Comments 600 30 • Lowest EV to Ore Reserves ratio of peer group 400 20 • Lower PE multiple compared to Australian peers 200 10 • Lower P/NPV ratio compared to North
Slide 11: Profitable Growth: Red Chris development progressing to plan
Profitable Growth: Red Chris development progressing to plan Schematic Long Section of Red Chris1 Achievements & Targets • Measured and Indicated Mineral Resource estimate of 13Moz Au and 3.7Mt Cu released March 20212 • +1500 mRL Exploration decline construction underway • Decline has advanced 195 m
Slide 12: Profitable Growth: Havieron Project advancing
Profitable Growth: Havieron Project advancing Geology Plan View1,2 Crescent Deeps1,3 Achievements & Targets • Initial Inferred Mineral Resource estimate for Havieron of 3.4Moz Au and 160Kt Cu4 • Decline has advanced 129 metres as at 1 September 2021 • Pre-Feasibility Study to estimate mine size and
Slide 13: Near term catalysts: PFS on Red Chris, Havieron & Lihir Phase 14A
Near term catalysts: PFS on Red Chris, Havieron & Lihir Phase 14A1,2 Dec 2020 Feb 2021 Mar 2021 Aug 2021 Q3 CY21 Q3 CY21 2H CY21 Havieron Lihir Red Chris Telfer Cadia Lihir Havieron Initial Pit Initial WDS5 Moly plant Ph14A PFS to be inferred optimisation Newcrest cutback first PFS to be released re
Slide 14: Find out more: www.newcrest.com
Find out more: www.newcrest.com Engage with us +61 3 9522 5717 +1 (866) 396 0242
Slide 15: Forging an even stronger Newcrest
DENVER GOLD GROUP – 2021 GOLD FORUM AMERICAS Forging an even stronger Newcrest Sandeep Biswas Managing Director and Chief Executive Officer
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