Slide 1: Capital Raising
For personal use only Evolution Mining Capital Raising 9 November 2011
Slide 2: Disclosure and important notice
Disclosure and important notice For personal use only This disclaimer and important notice applies to this presentation and any information provided in relation to or in connection with the information contained in it or the Offer. The information in this presentation is not a prospectus or offering
Slide 3: Disclosure and important notice
Disclosure and important notice For personal use only This presentation does not constitute an offer to issue or sell, or to arrange to sell, securities or other financial products. In particular, this presentation and the information contained in it does not constitute an offer to sell, or the soli
Slide 4: Creating a new mid-tier gold company
Creating a new mid-tier gold company – The final stage of evolution For personal use only Scheme of Newcrest Entitlement Arrangement Asset Acquisition Offer • All stock Merger of Equals • Acquisition of 70% of Cracow • $152.5m pro-rata renounceable • 0.3 Catalpa shares for each and 100% of Mt Rawdon
Slide 5: Capital raising overview
Capital raising overview For personal use only $152.5 million accelerated pro-rata renounceable entitlement offer (“Offer”) Offer Structure 3 new shares for every 17 Evolution Mining shares owned at the Record Date (7pm AEDT, 14 November 2011) Includes all eligible Catalpa and Conquest shareho
Slide 6: Overview of Evolution Mining
Overview of Evolution Mining For personal use only Pajingo 3.5Moz Reserves as at 30 June 2011 Gold Ore Reserves (Moz) 0.1 6.9Moz Resources as at 30 June 2011 Gold Mineral Resources (Moz) 1.1 303koz pro forma FY2011 production1 FY2012E Gold Production (koz) 1 70 FY2013E Gold Production (koz) 70
Slide 7: Leading mid-tier gold company with defined growth profile
Leading mid-tier gold company with defined growth profile For personal use only Source of information for charts: Broker reports and company guidance released as at 4 November 2011 7
Slide 8: Defined growth profile
Defined growth profile For personal use only Strengthened financial platform to execute growth plans Four wholly owned operating mines Mt Carlton Development Edna May Underground Exploration Potential Pajingo: Target new areas of the system Mt Rawdon: Brownfields and greenfields potential . Edna May
Slide 9: Compelling re-rating potential
Compelling re-rating potential For personal use only Enhanced value proposition - Immediate market repositioning - Compelling re-rating potential - Strong analyst support Positioned for growth - Four producing assets Evolution Mining post Offer - One development project - Larger, diversified asset p
Slide 10: Use of funds
Use of funds For personal use only Post Offer, Evolution Mining will have available funds of $215 million1 to fund growth Pro Forma cash of $165 million1 Undrawn debt commitment - $50 million2 Mt Carlton Facility as announced by Conquest on 25 August Use Description of Use Construction cost
Slide 11: Capital structure & balance sheet impact
Capital structure & balance sheet impact For personal use only Strengthened financial platform: Pro Forma cash of $165m and modest debt of $48m1 Pro Forma 30 June 2011 Pro Forma Post Post Entitlement Offer Unit Evolution Mining Entitlement Offer Entitlement Offer Share price (Close/Offer price) $
Slide 12: Indicative offer timetable
Indicative offer timetable For personal use only EVENT DATE Launch of Entitlement Offer, Institutional Offer opens Wed, 9 Nov Institutional Offer Closes 12pm Thurs, 10 Nov Institutional Bookbuild 9am to 12pm Fri, 11 Nov Record Date 7pm, Mon, 14 Nov Retail Offer Opening Date Wed, 16 Nov Institutional
Slide 13: Key risks
Key risks For personal use only This section discloses some of the key risks attaching to an investment in Evolution Mining. Before investing or increasing your investment in Evolution Mining, you should consider whether this investment is suitable for you having regard to publicly available informa
Slide 14: Key risks
Key risks For personal use only Evolution Mining is dependent upon a number of key management personnel and executives to manage the day-to-day requirements of its businesses. The loss of the services of one or more of such key management personnel could have an adverse effect on Evolution Mining.
Slide 15: Key risks
Key risks For personal use only The effects of changes in rainfall patterns, water shortages and changing storm patterns and intensities may adversely impact the costs, production levels and financial performance of Evolution Mining‟s operations. In the event that there is insufficient future rain
Slide 16: Key risks
Key risks For personal use only Exploration activities are speculative by nature and therefore are often unsuccessful. Such activities also require substantial expenditure and can take several years before it is known whether they will result in additional mines being Exploration risks developed.
Slide 17: Key risks
Key risks For personal use only Newcrest will have an interest in Evolution Mining of approximately 33% after the Offer. As a result, while Newcrest will not control Evolution Mining, it will be able to exercise significant influence over all matters requiring shareholder approval, including the
Slide 18: Jurisdictions and foreign selling restrictions
Jurisdictions and foreign selling restrictions For personal use only This presentation does not constitute an offer of securities in any jurisdiction in which it would be unlawful. Offers of New Shares will be made to eligible shareholders with a registered address in Australia or New Zealand and an
Slide 19: Jurisdictions and foreign selling restrictions
Jurisdictions and foreign selling restrictions For personal use only The following is a summary of the statutory rights of rescission or to damages, or both, available to purchasers in Ontario. In Ontario, every purchaser of the New Shares purchased pursuant to this presentation (other than (a) a "C
Slide 20: Jurisdictions and foreign selling restrictions
Jurisdictions and foreign selling restrictions For personal use only France This presentation is not being distributed in the context of a public offering of financial securities (offre au public de titres financiers) in France within the meaning of Article L.411-1 of the French Monetary and Financi
Slide 21: Jurisdictions and foreign selling restrictions
Jurisdictions and foreign selling restrictions For personal use only New Zealand This presentation has not been registered, filed with or approved by any New Zealand regulatory authority under the Securities Act 1978 (New Zealand). The New Shares in the Offer are not being offered or sold to the pub
Slide 22: Jurisdictions and foreign selling restrictions
Jurisdictions and foreign selling restrictions For personal use only Switzerland The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange ("SIX") or on any other stock exchange or regulated trading facility in Switzerland. This presentation has been
Slide 23: Appendices
For personal use only Appendices 23
Slide 24: Evolution Mineral Resources and Ore Reserves (as at June 2011)
Evolution Mineral Resources and Ore Reserves (as at 30 June 2011) For personal use only Measured Indicated Inferred Total Mineral Resource Statement Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces Tonnes Gold Grade Ounces (Mt) (g/t) Au (koz) (Mt) (g/t) Au (koz) (Mt) (g/t)
Slide 25: Evolution Mineral Resources and Ore Reserves (Footnotes)
Evolution Mineral Resources and Ore Reserves (Footnotes) For personal use only Edna May Mineral Resources and Ore Reserves The Edna May Mineral Resource and Ore Reserve figures are stated at 30 June 2011, with depletion by production where relevant. Mineral Resources are inclusive of Ore Reserve
Slide 26: Evolution Mineral Resources and Ore Reserves (Footnotes)
Evolution Mineral Resources and Ore Reserves (Footnotes) For personal use only Mt Carlton Mineral Resources and Ore Reserves The Mt Carlton Mineral Resource figures are stated at 30 June 2011. Mt Carlton Mineral Resources have been estimated using multiple indicator kriging. Value and metal grad
Slide 27: Competent Persons Statement
Competent Persons Statement For personal use only The information in this presentation that relates to the Mineral Resources or Ore Reserves listed in the table below is based on work compiled by the person whose name appears in the same row, who is employed on a full-time basis by the employer na