Slide 1: 1H2024 Financial Results
Ss POLYUS 1H2024 FINANCIAL RESULTS
Slide 2: Disclaimer
DISCLAIMER Ss PoLyus The information contained herein has been prepared using information available to PJSC Palyus at the time of preparation of the presentation, External or other factors may have impacted on the business of Polyus and the content of this presentation, since its preparation. In add
Slide 3: Ye POLYUS
4, Ye POLYUS
Slide 4: Gold sold, revenue, TCC, EBITDA, capex
Gold sold, revenue, TCC, ebitda1, capex, 1,263 2,733 423 2,021 441 1% y-o-y 16% y-o-y 8% y-o-y 20% y-o-y 12% y-o-y 7500 1,283 6,374 6500 5500 4500 3500 505 2500 372 1500 252 276 500 -500 Olimpiada Blagodatnoye natalka Verninskoye Kuranakh 4
Slide 5: Verninskoye cost structure and cumulative production
8% y-o-y 423 33% 15% 17% 17% 7% 3% 8% Depreciation & Labour Consumables & MET fuel other amortization spares power 514 515 580 423 verninskoye kuranakh 378 371 blagodatnoye olimpiada natalka Olimpiada Blagodatnoye natalka verninskoye Kuranakh cumulative production, koz 5
Slide 6: Net working capital movement
inventories receivables payables Interest Income tax, Payables for Translation + payables net ppe non-ocf items 196 208 37 13 14 (20) (18) 2,253 1,823 Net wc FY23 Net wc 1H24 6
Slide 7: 1H2024 Capex
19% olimpiada 1H2024 Capex Olimpiada 22% Blagodatnoye 441 Blagodatnoye 12% y-o-y Natalka 16% natalka 16% kuranakh kuranakh 6% verninskoye verninskoye 11% Sukhoi log 1% IT CAPEX Sukhoi log 10% other1 7
Slide 8: Financial Position
FINANCIAL POSITION
Slide 9: 1H2024 highlights: cash position and debt
1H2024 highlights CASH POSITION & DEBT Gross debt net debt • $ $ • • 6,413 GOLD BONDS ISSUE • BONDS, NOMINATED IN USD WITH PAYMENTS IN RUB • 1,373 EUROBONDS WITH FIXED INTEREST RATE DUE IN 2024 620 • 393 72 • • EUROBONDS WITH FIXED INTEREST RATE DUE IN 2028 • ru AAA AAA.ru • 9
Slide 10: Debt by source and interest rates
by source 9.1 9.0 by interest rates 9.1 9.0 Eurobonds 12% 8% FIXED RATE 84% 72% 77% Bank loans 76% 28% LOCAL bonds 13% 16% 16% Floating RATE Public vs 24% 23% private debt Average interest rate 6.0 7.0 76% 77% 10
Slide 11: ESG
Slide 12: Transition to renewable energy
ESG-II(b) ESG-2, category ESG-B AA (84.8/100) RESG 1 (98.8) 34.2 Platinum category Transition to renewable energy 100% Specific emission goals per tonne of ore processed (Scope 1 and 2)* 100% 76% • % • % 40% NET ZERO 2023 2020 2032 2050 Baseline Mid-term Long-term year goal goal 12
Slide 13: Guidance
GUIDANCE
Slide 14: FY 2024 guidance
FY 2023 2.75 – 2.85 425–475 1,550–1,700 FY 2024 REVISED REVISED • • • 14