Slide 1: Diggers and Dealers
For personal use only DIGGERS AND DEALERS 7 AU G U S T 2 0 1 9 J AK E K L E I N – E X E C U T I V E C H AI R M AN
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT For personal use only These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect
Slide 3: Zero Harm
ZERO HARM For personal use only Driving a safety culture where our people do the right thing because they want to, not because they have to Safety stop conducted across all Evolutions sites in July 2019 following recent tragedies in Queensland’s mining industry FY19 performance: Group Total Re
Slide 4: Sustainability Principles
S U S TAI N AB I L I T Y P R I N C I P L E S The objective of our sustainability efforts is to deliver long-term stakeholder value through safe, low-cost gold production in an For personal use only environmentally and socially responsible manner Be an employer of choice Demonstrate robust risk Contr
Slide 5: Flashback to Diggers 2012: Change is required and is coming
For personal use only Market Cap (A$M) 500 0 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Newcrest 17,978 Regis Alacer Evolution Perseus Medusa Resolute Gold One CGA Kingsgate Silver Lake Endeavour OceanaGold Beadell St Barbara Nthn Star Troy Kingsrose Integra Allied Saracen FLASHBACK TO DI
Slide 6: Evolution Snapshot
EVOLUTION SNAPSHOT For personal use only ASX code EVN Market capitalisation(1) A$8.7B Register Average daily turnover(2) A$50M North Net cash(3) A$35M America, Australia, Payout of 50% of 29.7% 47.8% Dividend policy after tax earnings FY20 production guidance 725 – 775koz FY20 AISC guidance A$890 –
Slide 7: Low Cost
LOW COST For personal use only Evolution is one of the lowest cost producers in the Van Eck Gold Miners Index (GDX) All-in Sustaining Cost (US$/oz) 1128 March 2019 quarter 1,044 1,086 1,009 1,026 957 963 975 925 941 898 907 868 877 825 836 848 782 726 737 738 659 669 560 Pretium IAMGOLD Saracen Ki
Slide 8: Gold Price
GOLD PRICE For personal use only Gold price per ounce 2,000 1,500 1,000 A$ gold price 500 US$ gold price - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 8
Slide 9: Gold Miners
GOLD MINERS For personal use only Australian gold miners index trading near all time highs XGD (A$) Performance of Australian Gold Miners relative to Global Gold Miners GDX (US$/sh) 9,000 70.00 8,000 60.00 7,000 50.00 6,000 5,000 ASX All Ords 40.00 Gold Miners (XGD) 4,000 30.00 3,000 20.00 2,000 V
Slide 10: Superior Cash Flow
SUPERIOR CASH FLOW Operating cash flow (A$ per ounce) For personal use only A$1.55B in free cash flow generated since FY15 1,597 1,641 1,645 1,760 1,489 Debt repayments: A$910M 1,024 1,013 782 837 Dividend payments: A$345M 699 Cash balance increase: A$300M FY15 FY16 FY17 FY18 FY19 Five yea
Slide 11: Reserves Growth
RESERVES GROWTH For personal use only Over the last 5 years: Mineral Resources and Ore Reserves Discovery budget increased from A$20 14.01 14.18 14.24 14.73 million to A$80 – A$105 million 7.27 Average reserve life extended from 5 years to 8.16 7.19 7.19 10 years 5.00 Reserves per share incr
Slide 12: Cowal
COWAL E46 OP Reserves 140koz For personal use only Sustainable, reliable, low cost E42 OP Reserves 3.3Moz OP Resources 4.5Moz production Past production 3.3Moz GRE46 Total endowment 7.8Moz OP Reserves 25koz Developing a pathway to produce UG Resources 1.4Moz >300kozpa Exploration success deliv
Slide 13: Ernest Henry
ERNEST HENRY For personal use only History of reliable operational delivery Exceptionally high margins 1,200mRL Evolution’s interest generated free cash flow of A$222M in FY19 Planned drilling in December 2019 quarter to extend Drilling target mine life below 1,200mRL Current Mineral Resourc
Slide 14: Discovery
DISCOVERY FY20 Discovery STRATEGY Guidance A$80-105M For personal use only Discovering Evolution’s Future Drummond People Portfolio Social Licence Project Mt Carlton A$3-4M A$2-4M • Inspiring a collaborative • Balanced pipeline of • Build enduring Murchison discovery culture quality projects relatio
Slide 15: Our People
OUR PEOPLE For personal use only Attract, engage, develop and retain talent Developing our leaders via bespoke leadership programs Guiding Our Leaders Program (GOLD) completed by 142 senior leaders SILVER Program completed by 282 front line managers Supporting Graduate Programs and Vacation
Slide 16: Transformation and Effectiveness Pipeline
TRANSFORMATION AND EFFECTIVENESS PIPELINE For personal use only Operating Production Optimiser | Float Tails Leach | HIG Mill | Tele-remote drilling Development Projects Glycine Leaching | Data Lake | Gamma activated assay | Geo / Seismic data link | Ore Sorting (Cowal) | Nano Filtration | OLGA Ore
Slide 17: Our Communities
OUR COMMUNITIES Social licence to operate score 4.1 out of 5.0 For personal use only ‘High approval’ – a high level of social licence compared to other global miners1 Nine Shared Value projects underway – creating tangible, sustainable legacies in our communities beyond the life of our mine
Slide 18: Generating Superior Financial Returns
GENERATING SUPERIOR FINANCIAL RETURNS For personal use only Global leader in low cost production Strong track record in creating value Reputation for reliability and transparency Discovery team delivering transformational organic growth Shareholders rewarded through dividends and capital growth 18
Slide 19: Appendix
For personal use only APPENDIX
Slide 20: Evolution 2018 Gold Mineral Resources
EVOLUTION 2018 GOLD MINERAL RESOURCES For personal use only Group Gold Mineral Resource Statement – December 2018 Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Gold CP3 Tonnes Tonnes Tonnes Tonnes Project Type Cut-Off Grade Metal Grade Metal Grade Metal Grade Met
Slide 21: Evolution 2018 Gold Ore Reserves
EVOLUTION 2018 GOLD ORE RESERVES For personal use only Group Gold Ore Reserve Statement – December 2018 Gold Proved Probable Total Reserve Cut- Tonnes Gold Gold Metal Tonnes Gold Gold Metal Tonnes Gold Gold Metal CP3 Project Type Off (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (koz) (Mt) Grade (g/t) (ko
Slide 22: Evolution 2018 Copper Reserves & Resources
EVOLUTION 2018 COPPER RESERVES & RESOURCES For personal use only Group Copper Mineral Resources Statement Copper Measured Indicated Inferred Total Resource Copper Copper Copper Copper Copper Copper Copper Copper Cut- Tonnes Tonnes Tonnes Tonnes CP3 Project Type Grade Metal Grade Metal Grade Metal Gr
Slide 23: Cowal Dec 2018 Mineral Resources and Ore Reserves
COWAL DEC 2018 MINERAL RESOURCES AND ORE RESERVES EVOLUTION 2017 GOLD ORE RESERVES For personal use only Cowal Gold Mineral Resource Statement - December 2018 Measured Indicated Inferred Total Resource Mineral Resource Tonnes Grade Cont. Metal Au Grade Cont. Metal Au Tonnes Grade Cont. Metal Grade C
Slide 24: For personal use only
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