Slide 1: ASX Announcement: FY26 Full Year Results Presentation
Evolution Mining Limited ABN 74 084 669 036 Sydney Office P +61 2 9696 2900 F +61 2 9696 2901 Level 24 175 Liverpool Street Sydney NSW 2000 www.evolutionmining.com ASX Announcement 19 August 2026 FY26 Full Year Results Presentation Evolution Mining Limited (Evolution) (ASX: EVN) is pleased to provid
Slide 2: Full Year Results
Full Year Results Lawrie Conway – Managing Director and Chief Executive Officer Frances Summerhayes – Chief Financial Officer 19 August 2026
Slide 3: Disclaimer
Disclaimer The information in this presentation is current as at 19 August 2026. It is in summary form and is not necessarily complete. It should be read together with the Evolution results for the year ended 30 June 2026. Forward-looking statement These materials prepared by Evolution Mining Limite
Slide 4: Delivering consistent high returns
Delivering consistent high returns Reliable performance generates record results Capital discipline enabling higher returns Safe delivery to guidance, steady Investing in high return3 growth state TRIF1 projects earning 5.9 23-128% ▪ OPC (Cowal) Group cash flow up 76%2 ▪ E48 SLC (Northparkes) $1.4B
Slide 5: Disciplined capital allocation delivering sustained high returns
Disciplined capital allocation delivering sustained high returns Balance sheet supports strategy in all aspects through the cycle Accretive deals1 Organic growth Shareholder returns ~$250M FY26 $850M FY26 $833M Unlocking Northparkes via the Triple Cowal Ernest Henry Flag Agreement Amendment Deliveri
Slide 6: Record FY26 financial performance
Record FY26 financial performance Record EBITDA Record final dividend (fully franked) $3.2B (up 44%) 21 cps (up 62%) Record EBITDA margin Record earnings per share 57% (up 12%) 73 cps (up 57%) Record profit after tax Net cash position achieved $1.6B (up 63%) $19M (FY25 $849M net debt) Record Group c
Slide 7: Banking the upside through a high-margin portfolio
Banking the upside through a high-margin portfolio ▪ Record FY26 Group operating and net mine cash flows of High-margin portfolio; all assets cash generative $3.4 billion (FY25: $2.3 billion) and $2.1 billion (FY25: $1.0 billion) Underlying EBITDA margin (%) ▪ High margin cashflows from consistent d
Slide 8: Converting record cash flows into record shareholder returns
Converting record cash flows into record shareholder returns Shareholder returns Record dividends, net cash and no debt due until FY29 ▪ Dividend policy improved to ~60% payout of annual Dividends per share & gearing Group cash flow ▪ Record Final dividend 21cps fully franked (up 62%) 28% 33% 25% ▪
Slide 9: Portfolio enhancement through high return future investment
Portfolio enhancement through high return future investment Asset Project IRR Cowal OPC1 34% 81% 115% E48 SLC2 77% 51% 128% Northparkes Coarse Particle Flotation2 23% 20% 43% E22 block cave2 28% 10% 38% Ernest Henry Bert2 23% 25% 48% Base case Upside price Evolution Group 18% Group average average 0
Slide 10: FY27 group guidance
FY27 group guidance1 Production: Operating mine cash flow ($B)2,3 ▪ Gold (koz): 660 – 730 ▪ Copper (kt): 63 – 70 3.6 Cost: 3.4 ▪ All-in Sustaining Cost ($/oz): $1,795 – 1,995 Capital investment ($M): FY26 Actual FY27 guidance (midpoint at spot) ▪ Sustaining capital $265 - 325 FY27 cash flow sensitiv
Slide 11: High margin business focused on sustained returns
High margin business focused on sustained returns Safe and reliable performance to continue in FY27 Cost and capital discipline margin over ounces Banking the benefit of high metal prices High-return investment projects on track Balance sheet flexibility net cash, unhedged Sector leading return to s
Slide 12: Evolution Mining
Evolution MINING
Slide 13: Appendix Guidance
Evolution Appendix By , Guidance’. |. 6 ie 30 ee 12
Slide 14: FY27 guidance
FY27 guidance Gold Copper Sustaining Major mine Major project Depreciation & FY27 AISC Exploration production production capital development capital amortisation guidance ($/oz)1 ($M) (koz) (kt) ($M) capital ($M) ($M) ($/oz)2 Group 660 – 730 63 – 70 1,795 – 1,995 265 – 325 440 – 500 570 – 650 130 –
Slide 15: Cost drivers and sensitivities
Cost drivers and sensitivities FY26 key cost drivers FY27 cash flow sensitivities (A$M) Operating costs (+/-5%) 110 - 120 Copper price (+/- $1,000/t) 65 - 70 Gold price (+/- $100/oz) 65-70 Copper volume (+/- 5%) 15-20 FY27 AISC sensitivities (A$/oz) Operating costs (+/-5%) 150-160 Copper price (+/-
Slide 16: Record financial performance
Record financial performance Financials Units FY26 FY25 Change Statutory profit after tax $M 1,475 926 59% Underlying profit after tax $M 1,563 958 63% Underlying EBITDA $M 3,171 2,207 44% Underlying EBITDA margin % 57% 51% 12% Operating mine cash flow $M 3,394 2,288 48% Capital investment $M 1,089
Slide 17: Appendix Mineral Resources and Ore Reserves
Appendix Mineral Resources and Ore Reserves
Slide 18: Group Mineral Resources & Ore Reserves at 31 December 2025
Group Mineral Resources & Ore Reserves at 31 December 2025 This information is extracted from the release titled ‘Annual Mineral Resources and Ore Reserves Statement’ dated 1 May 2026 and available to view at www.evolutionmining.com The Company confirms that it is not aware of any new information or
Slide 19: Group gold Mineral Resources at 31 December 2025
Group gold Mineral Resources at 31 December 2025 Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpiles, “OP” denot
Slide 20: Group gold Ore Reserves at 31 December 2025
Group gold Ore Reserves at 31 December 2025 Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpiles, “OP” denotes op
Slide 21: Group copper Mineral Resources at 31 December 2025
Group copper Mineral Resources at 31 December 2025 Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpiles, “OP” den
Slide 22: Group copper Ore Reserves at 31 December 2025
Group copper Ore Reserves at 31 December 2025 Data for tonnes and metal reported to two significant figures to reflect appropriate precision and may not sum precisely due to rounding. Data for grades are reported to two decimal places. “UG” denotes underground, “SP” denotes stockpiles, “OP” denotes
Slide 23: Evolution Mining
Evolution MINING