Slide 1: 1H 2023 Financial Results
Ss POLYUS 1H2023 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: ESG
4, Ye POLYUS
Slide 4: Gold sold, revenue, TCC, EBITDA, capex
Gold sold, revenue, TCC, ebitda, capex, 1,261 2,386 400 1,687 400 24% y-o-y 29% y-o-y 8% y-o-y 37% y-o-y 4% y-o-y 1,267 343 320 1,688 229 155 24 Olimpiada Blagodatnoye natalka Verninskoye Kuranakh Alluvials 4
Slide 5: Total cash costs by asset and structure
8% y-o-y 400 38% 17% 17% 14% 7% 4%3% Depreciation & Labour Consumables & MET fuel other amortization spares power 1,248 680 544 400 alluvials kuranakh 467 408 verninskoye 331 natalka blagodatnoye olimpiada Olimpiada Blagodatnoye natalka verninskoye Kuranakh Alluvials cumulative production 5
Slide 6: Net working capital change
inventories Deferred receivables payables Interest Income tax, Payables for Translation + expenditures payables net ppe non-ocf items 23 28 64 245 (6) (45) (1) (215) 1,742 1,649 Net wc FY22 Net wc 1H23 6
Slide 7: 1H23 Capex
20% olimpiada 1H23 Capex Olimpiada 26% Blagodatnoye Blagodatnoye 400 4% y-o-y Natalka 9% natalka kuranakh 14% kuranakh verninskoye 14% verninskoye Sukhoi log 2% alluvials 7% Sukhoi log 3% IT CAPEX ALLUVIALS 7% others1 7
Slide 8: Financial Position
FINANCIAL POSITION
Slide 9: 1H23 highlights: gross debt, net debt
1H23 highlights CASH POSITION Gross debt • 1,793 • $ • 647 690 net debt 341 • 34 $ EUROBONDS’ REDEMPTION • RUB BOND ISSUE • Gross debt Events after the reporting date 1,732 $ • 935 633 net debt • 4 51 $ 9
Slide 10: Debt by source and interest rates
by source 3.6 3.4 by interest rates 3.6 3.4 Eurobonds 56% 53% FIXED RATE 96% 96% Bank loans 33% 36% RUB bonds 15% 8% Floating RATE 4% 4% Public vs private debt 65% 63% Average interest rate 4.3 4.2 35% 37% 10
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Slide 12: Peer benchmarking
Peer benchmarking Dynamics at Polyus 12
Slide 13: Guidance
GUIDANCE
Slide 14: 1H 2023 and FY 2023 guidance
1H 2023 2.8 – 2.9 475–525 1,300–1,400 FY 2023 REVISED • • • • • • • • • 14