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EVOLUTION MINING LIMITED Investor Presentation 2023

Jun 4, 2023

64885_rns_2023-06-04_175e9265-7d85-4227-b925-3fc7f1c7b36f.pdf

Investor Presentation

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ABN 74 084 669 036

ASX Announcement

5 JUNE 2023

Sydney Office P +61 2 9696 2900 F +61 2 9696 2901 Level 24 175 Liverpool Street Sydney NSW 2022

www.evolutionmining.com.au

2023 INVESTOR DAY SESSION 1 PRESENTATION

Evolution Mining Limited (ASX: EVN) is today hosting an Investor Day. The entire event will also be conducted virtually via a webcast with Session One commencing at 8:45am Australian Eastern Standard Time (“AEST”). Proceedings are scheduled to finish at approximately 1.00pm . The presentation materials for the event are attached.

The agenda for the morning is as follows:

  • 8:45am: Session One – Introduction, Strategy and Business Update, Financials and Sustainability

  • 11:00am: Session Two – Operations, Discovery and Mt Rawdon Pumped Hydro

  • 1:00pm: Conclusion of event

Presenters include:

  • Jake Klein, Executive Chair

  • Lawrie Conway, CEO and Managing Director

  • Barrie van der Merwe, Chief Financial Officer

  • Fiona Murfitt, Vice President Sustainability

  • Bob Fulker, Chief Operating Officer

  • Bonnie Coxon, General Manager Cowal Operations

  • Glen Masterman, Vice President Discovery

Live Webcast Audience URL:

https://webcast.openbriefing.com/evn-id-2023/

This link provides general public access to the live and archived Investor Day event. The webcast will also be available on Evolution’s website www.evolutionmining.com.au under ‘Latest News’ . The event will be ‘listen only’. An on-demand recording of the webcast will be available on Evolution’s website post the conclusion of the event.

This announcement has been authorised for release by Jake Klein, Executive Chair.

For further information please contact:

Investor Enquiries Media Contact

Peter O’Connor Michael Vaughan General Manager Investor Relations Media Relations Evolution Mining Limited Fivemark Partners Tel: +61 2 9696 2900 Tel: +61 422 602 720

About Evolution Mining

Evolution Mining is a leading, globally relevant gold miner. Evolution operates five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada. Financial Year 2024 gold production outlook is 770,000 ounces +/- 5% at an All-in Sustaining Cost of A$1,370 per ounce (+/- 5%).

Evolution Mining Limited

Inspired people creating a premier global gold company

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CLICK TO EDIT MASTER TITLE STYLE INVESTOR DAY

5 June 2023

1

FORWARD LOOKING STATEMENT

These materials prepared by Evolution Mining Limited (“Evolution” 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”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

This presentation has been approved for release by Evolution’s Board of Directors.

All amounts are expressed in Australian dollars unless stated otherwise. All references to US$ in this release are based on an exchange rate of 0.65.

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2

PRODUCTION TARGET

Mungari Production Target and relevant proportions of Mineral Resources and Ore Reserves underpinning the Production Target

The Mungari Production Target of 1.9Moz to 2.7Moz between FY24 and FY38 comprises 3% Proved Ore Reserves, 49% Probable Ore Reserves, 19% Indicated Mineral Resources, 18% Inferred Mineral Resources and 11% Exploration Targets.[1]

Cautionary statement concerning the proportion of Inferred Mineral Resources

There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

Cautionary statement concerning the proportion of Exploration Targets

Of Mungari’s 1.9Moz to 2.7Moz production target, 11% is comprised of an Exploration Target. The potential quantity and grade of this Exploration Target is conceptual in nature and there has been insufficient exploration to determine a Mineral Resource and there is no certainty that further exploration work will result in the determination of Mineral Resources or that Production Target itself will be realised. See ASX release titled “Mungari Mine Life Extended to 15 Years at 18 to 20% Lower AISC”, released 5 June 2023 and available to view at www.evolutionmining.com.au for further information on the Exploration Target.

Material Assumptions

The material assumptions on which the Mungari Production Target is based are presented in the ASX release titled “Mungari Mine Life Extended to 15 Years at 18 to 20% Lower AISC” dated 5 June 2023 and available to view at www.evolutionmining.com.au

Production Target Competent Persons’ Statement

The Estimated Mineral Resources and Ore Reserves underpinning the Mungari Production Target have been prepared by Competent Persons in accordance with the requirements in Appendix 5A (JORC Code).

The Company confirms that all material assumptions underpinning the production targets and forecast financial information derived from the production targets in the 5 June 2023 release continue to apply and have not materially changed.

  1. Proportions quoted are based on the material classifications of the entire Production Target and is inclusive of material attributable to the East Kundana Joint Venture

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3

INVESTOR DAY AGENDA

8.45am – 10.15am AEST Session one

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Peter O’Connor

General Manager - Investor Relations

Welcome

Jake Klein Executive Chair

Introduction

Lawrie Conway Chief Executive Officer and Managing Director

Barrie van der Merwe

Chief Financial Officer

Strategy and Financial Position Business Outlook and Outlook

Fiona Murfitt VP Sustainability

Sustainability

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4

Acknowledgement of Country

" Evolution would like to acknowledge the Traditional Custodians of the land on which we operate and on which we meet today, and pay our respects to Elders past, present, and emerging, for they hold the memories, the traditions, the culture and the hopes for Aboriginal people.

We acknowledge the elders for your resilience to pave the way for the generations after and we acknowledge those who continue to educate and empower to maintain and protect all aspects of Aboriginal heritage and culture."

Note: Artwork 'Care for Country' by Gubbi Gubbi artist Maggie-Jean Douglas

INTRODUCTION

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6

TODAY’S HIGHLIGHTS

  • Mungari Expansion

  • 18% reduction in AISC to $1,750/oz

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Red Lake
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  • 15 year mine life

  • IRR of 19% at A$2,400/oz and 28% at spot price

  • Ernest Henry mine life extended to 2040

  • Copper and Gold Ore Reserves more than doubled

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Ernest Henry
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  • 17 year mine life

  • IRR of 28% at A$2,400/oz and A$12,000/t and 38% at current spot prices

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Mt Rawdon
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  • Lower capital intensity

  • No increase in debt but more flexibility

Mungari Cowal

  • Exciting exploration upside at Cowal, Mungari and Ernest Henry

OUR Safety Excellence Accountability VALUES

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Respect

7

– GOLD AND COPPER INVESTMENT DRIVERS

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¥
Financial stress Geopolitical issues
Debt defaults Debt ceiling Dedollarisation Destabilisation Decarbonisation
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8

YEARS OF EVOLUTION 12

Successful track record of portfolio optimisation through disciplined approach to M&A

Mungari – cornerstone asset acquisition (ii) Kundana Assets Acquisition elevates Mungari to a cornerstone asset. Consolidates regional resources and positions to monetise

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Cowal – cornerstone asset Mungari – cornerstone asset Red Lake – cornerstone asset
acquisition: acquisition (i): Ernest Henry – cornerstone acquisition:
Evolution acquired Cowal from Reducing Group AISC by asset acquisition (i): Red Lake Acquisition
Barrick, reduced group AISC by A$30/oz Ernest Henry Economic Unlocking value in an under-
A$100/oz and extended portfolio and extending portfolio mine Interest Reducing Group AISC capitalised asset with significant
mine life life by A$100/oz mine life
July 2015 August 2015 November 2016 April 2020
September 2016 October 2017 July 2020
Pajingo Divestment: Edna May Divestment: Cracow Divestment:
Divested due to lack of strategic Divested due to low margins [1]
Lowering Group AISC [2,3] by
fit in the portfolio, reducing Group (18%) compared to the rest of
A$20/oz
AISC costs by A$15/oz the Group (49%)
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August 2021 December 2021 Mt Carlton Divestment: Non-core asset

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Ernest Henry – cornerstone asset acquisition (ii): Ernest Henry acquisition - balance of Ernest Henry Mining for 100% ownership

January 2022 2023

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Evolution portfolio: Four cornerstone assets: Cowal Ernest Henry Mungari Red Lake Mt Rawdon – free option on pumped hydro

Evolution’s portfolio over time

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Period
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 [5]
Mineral Resources
6.8Moz 5.4Moz 5Moz 13Moz 14.2Moz 14.2Moz 14.7Moz 14.7Moz 26.4Moz 29.6Moz 30.3Moz
(MR)
3.1Moz 2.4Moz 2.2Moz 5.7Moz 7Moz 7Moz 7.5Moz 6.6Moz 9.9Moz 10.3Moz 10.6Moz
Ore Reserves (OR)
5 Assets 5 Assets 5 Assets 5 Assets 7 Assets 7 Assets 6 Assets 6 Assets 7 Assets 6 Assets 5 Assets
Size of Portfolio
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  • 1.Based on EBITDA margin

  • 2.Cost reductions refer to contribution to Group AISC for a given financial year

  • 3.Based on FY20 performance

4.See and the Appendix of this presentation for information on the December 2022 Mineral Resources and Ores Reserves and the Company website for information on historic Evolution Mineral Resources and Ore Reserves at www.evolutionmining.com.au 5.Includes the updated June 2023 Ernest Henry Ore Reserve – see ASX release entitled “Ernest Henry Mine Life Extended to 2040 and Ore Reserves Doubled” and the Appendix of this presentation

9

STRATEGY AND BUSINESS OUTLOOK

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10

CLEAR AND CONSISTENT STRATEGY A business that prospers through the cycle

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Create sustainable value for stakeholders in an environmentally and socially responsible way

High performing culture with values and reputation as non-negotiables

Willing to take appropriate geological, operational and financial risks

A portfolio of up to 8 assets in Tier 1 jurisdictions generating superior returns

Financial discipline centred around margin and appropriate capital returns

OUR Safety VALUES

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Excellence Accountability

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Respect

11

DELIVERING RETURNS AND DELEVERAGING

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FY24 vs FY23 revenue
Margin over ounces priority Production (koz) and AISC
- Gold price opportunity ($M)
($/oz)

FY24 production guidance 770koz +/-5%
1390
1370

FY25-26 targeting around 800kozpa

Cost discipline to optimise margin & manage inflation 770
310
Capital Allocation 660
 75
Reducing capital intensity
 FY23 Estimate FY24 Guidance FY24 vs $2,650/oz FY24 vs $2,950/oz (spot)
Approved FY24-26 Capital lower by ~$150M pa (consensus)
(Average vs FY23)
Total Capital Expenditure - ($M)

Projects will progress to execution when needed & justified
FY24-26 Average vs FY23
Balance Sheet

Deleveraging remains a priority

No change in gross debt
740

Restructure frees up $445M cash over next 3 years
600

Benefits of higher metal prices will be banked
FY23 Estimate FY24 - FY26 average (pa)
Total capex
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Margin over ounces priority

Capital Allocation

Balance Sheet

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Set up to deliver $1.1B extra cash in FY24-26[1] Increases to $1.8B at spot prices[2]

12

Percentage repaid At acquisition Current – up to 25% Current – 26-50% Current – 90-99% Current – 100%

PORTFOLIO STRUCTURE AND JOURNEY Long life, high return assets

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400
Return on investment
350 20%+
ROI
300
Ernest Henry [6]
250
15-20%
Cowal Cowal
ROI
Renewable Energy
200 Project option
Red Lake
150 Mungari 10-15%
Mungari Red ROI
Ernest Lake
Henry [5,6]
100 Mt
Rawdon
Mt
Rawdon
0-10%
50
ROI
0
4 6 8 10 12 14 16 18 20
Mine life (years)
(koz)
1
Annual production – gold equivalent
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Return on investment

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13

MUNGARI ON PATH TO CORNERSTONE ASSET

Feasibility study outcomes

  • Capital investment of $250M

  • Construction of 30 months to March 2026

  • Increase throughput to 4.2Mtpa from 2Mtpa

  • Planned annual production 155koz (LOM) & 200koz (FY27-32)

  • Mine life of 15 years to 2038 with extension potential

  • Economics justify the investment now

  • Incremental NPV of $260M and IRR of 19% at A$2,400/oz

    • Increases to NPV of $600M and IRR of 28% at spot price
  • Payback of three years ( years at spot prices)

  • Reduces AISC by ~18% to LOM average of ~$1,750/oz

  • Material upside at spot prices

  • Hedging in place as part of prudent capital management

Expansion Expansion Expansion
~120-130koz ~155koz
~200koz
LOM average
First 5 years
average

Current

average
260
340
600
19%
9%
28%
IRR

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Mungari expansion – 15 year mine life at average AISC ~$1,750/oz

14

ERNEST HENRY EXTENDS TO 2040

Pre feasibility study outcomes

  • Significant initial Ore Reserve upgrade

  • Increased to 77.4Mt, 589kt Cu and 1,109koz Au[10]

  • Gold up 124% and Copper up 103%

  • Additional upgrades expected from outside PFS area

  • Mine life extended by 11 years out to 2040

  • Compelling economics with high NPV and short payback

  • $690M NPV and IRR of 28% at A$2,400/oz & A$12,000/t

  • $1,010M NPV and IRR of 38% at spot prices

  • Payback of approximately one year[11]

  • Feasibility study scheduled for completion in Q3 FY25

  • Low capital intensity of $450-500M[12]

  • Not committed and majority would be in FY27-28

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Completed mining
Pre-feasibility study design BERT
Available December 2022 Mineral
Resource
Future
study
opportunit
Pre- y
feasibility
ore body
Resource
MAIN ERNIE and growth
OREBODY JUNIOR potential
outside
PFS
Future
Proposed crusher study
location opportunit
y
38%
1010
10%
320
1.2
0.3
28%
690
0.9
NPV ($M) IRR Payback (years)
Base case [8] At spot price [9]
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Ernest Henry now has 17 years mine life with further upside potential

15

PROJECTS APPROPRIATELY TIMED

Project Project Project Project FY23 FY24 FY25
FY25
FY26
FY27
FY27
FY28 FY29
Cowal
underground
Building to
320,000+ oz
Execution
Commissioning
and ramp up
Red Lake
(Upper Campbell)
Pathway to
200,000+ oz
Execution
Commissioning
and ramp up
Mungari expansion 15 year mine life
18% lower AISC
at

Feasibility Study
Execution
Ernest Henry
extension
Mine life to 2040
Pre-feasibility
Study
Feasibility Study
Execution
(Not yet approved)
Commissioning
and ramp up
Balance Sheet Restructured to support project sequencing. Short-term hedging supports Mungari expansion (<5% of Group production)
Debt repayment
schedule
N/A Nil $50M $95M
$120M
$35M

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Total capital over next 3 years ~$150M per year lower than FY23 Maintaining operation flexibility and financial strength in the portfolio

16

KEY TAKEAWAYS

Focus on safe and reliable operational delivery – margin over ounces

Organic growth options to deliver long term returns Capital discipline – investing when needed and justified

Cash generation benefit – upside at spot prices

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17

FOOTNOTES

  1. Cash benefit is before tax in comparison to FY23 and against the old debt profile

  2. Gold price assumptions are A$2,650/oz (plan and consensus) and A$2,965/oz (spot)

  3. Emissions reduction target measured against FY20 baseline

  4. From FY22 Stakeholder Perception Survey

  5. Ernest Henry production at acquisition is Evolution Mining’s share of production (100% of gold production and 30% of copper production)

  6. Ernest Henry production includes copper production converted to gold equivalent using the formula [Cu (t) * Cu spot price ($/t) / Au spot price ($/oz)] – based on spot prices of $12,280/t copper and $2,965/oz gold. All other site production values are gold ounces only

  7. Payback period is years from commissioning

  8. Base case values calculated for a gold price of $2,400/oz

  9. Spot price scenario calculated at a gold price of $2,965/oz

  10. Refer to ASX release titled “Ernest Henry Mine Life Extended to 2040 and Ore Reserve Doubled” dated 5 June 2023

  11. Payback period is for the mine extension from first ore

  12. Capital is quoted in July 2023 dollars

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18

FINANCIAL POSITION AND OUTLOOK PROSPER THROUGH THE CYCLE

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FY24 GUIDANCE: PRODUCTION

  • Production to increase 17% to 770,000oz

  • Mungari in line with current production levels

  • Ernest Henry back to normal production

  • Cowal production to increase 16% to ~320,000oz

  • Continued access to higher grade Stage H ore

  • Ramp-up of underground mine

  • Red Lake increase to ~170,000oz

  • Driven by ramp-up at Upper Campbell

  • Mt Rawdon production driven by resuming access to ore post weather impact in FY23

  • Copper production of ~50,000t

  • In line with previous FY24 Outlook

  • Higher production contributes to deleveraging

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Production (koz)
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Production (koz) Production (koz)
660
770 (+/-5%)
FY23 Estimate
FY24 Guidance
Gold Production
FY24 Guidance (oz)
+/- 5%
Group
770,000
Cowal
320,000
Ernest Henry
80,000
Red Lake
170,000
Mungari
130,000
Mt Rawdon
70,000
Copper Production
FY24 Guidance (t)
+/- 5%
ErnestHenry
50,000
Group 770,000
Cowal 320,000
Ernest Henry 80,000
Red Lake 170,000
Mungari 130,000
Mt Rawdon 70,000
Copper Production FY24 Guidance (t)
+/- 5%
ErnestHenry 50,000

20

COST DRIVERS AND SENSITIVITIES

  • Top six expenses account for ~77% of total costs

  • Labour represents ~46% of operating costs

  • Tight labour market remains

  • Expected to increase by 5-6% in FY24

  • Inflation impact continued throughout FY23

  • Negative impact compared to previous plan

  • Power contracted at all operations (2-8 years)

  • Supply chain has improved in recent times

  • Drivers of cash flow and cost well understood

  • Gold price increase higher than inflation impact

  • Grade and metal prices biggest driver

  • Spot price provides increased cash flow benefit

  • Generates ~$310M against FY23 YTD realised

  • Any benefit from higher prices banked

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FY23 Expense Elements (%)
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Other, 10%
Reagents, Employees, 27%
5%
Royalties,
4%
Diesel, 5%
Selling, Refining &
Logistics, 4%
Contractors, 19%
Electricity, 9%
Maintenance
Consumables,
8%
Mechanical
Spares, 9%
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Cash flow sensitivities

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Grade (-/+5%) +/- 100
Au Price (-/+
+/- 74
A$100/oz)
Op Costs (+/-5%) +/- 70
Cu Price (-/+
+/- 60
A$1,100/t)
Recovery (-/+2%) +/- 40
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Sensitivities assume a $2,650/oz gold and $12,500/t copper price

21

FY24 GUIDANCE: AISC

  • Cowal

  • Benefitting from higher grade Stage H

  • Underground ramp-up commencing

  • Commercial production expected from H2 FY24

  • Red Lake lower as it benefits from higher proportion of Upper Campbell ore in H2 FY24

  • Mungari in line with current

  • Demonstrating consistency

  • Controlling costs despite WA market conditions

  • Mt Rawdon lower AISC due to access to pit ore

  • Ernest Henry higher due to higher achieved copper price in FY23

  • Adds $230/oz to Ernest Henry

  • Adds $25/oz to Group

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All-in 1,390
1,370
FY23 Estimate2
FY24 Guidance
All In Sustaining Cost1 ($/oz)
2
1,390
1,370
FY23 Estimate2
FY24 Guidance
All In Sustaining Cost1 ($/oz)
2
1,390
1,370
FY23 Estimate2
FY24 Guidance
All In Sustaining Cost1 ($/oz)
2
Group 1,370 890
Cowal 1,250 815
Ernest Henry (2,000) (1,300)
RedLake 2,000 1,300
Mungari 1,930 1,255
MtRawdon 1,850 1,205
  1. AISC is based on gold price of A$2,650/oz (royalties) and Copper price of A$12,500/t (By-product credits)

  2. FY23 Estimate as per March 2023 Quarterly report 3. AISC converted using an AUD/USD exchange rate of 0.65

22

CAPITAL TRENDING LOWER

  • No new capital projects compared to last year

  • Capital intensity decreasing over next few years

  • Average total capital ~$150M lower per year

  • Delivers on commitment to de-lever

  • Sustaining capital ~ $200M per annum

  • Aligns to assets longer mine life

  • Long term mine development of ~$110M per year

  • Successful extension and growth of mine lives

  • Major project capital lower over next 3 years

  • FY24 major capital ~$80M lower than FY23

  • Only for projects approved for study or execution

  • Future projects subject to capital allocation

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Approved Capital Expenditure ($M)
FY24-26 Average vs FY23
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420
290
130 110
200 200
FY23 Estimate FY24 - FY26 average
Sustaining Long term mine development Major project capital
FY24 Capital Guidance ($M)
325-350
190-230
125-140
Sustaining capital Long term mine development Major project capital
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  1. Sustaining capital relates to investment to maintain ongoing production per World Gold Council (WGC) guidelines 2. Long term mine development comprises costs incurred to establish access to ore bodies over long term 3. Major project capital includes expenditure to establish new assets or a material change in production rate as per WGC

23

BALANCE SHEET FLEXIBILITY

  • Alignment of maturity profile to assets’ longer mine lives and cash flows

  • Additional liquidity of $445M next three years

  • Improved flexibility from balance sheet structure

  • Unchanged debt position post restructure

  • No debt amortisation until FY25

  • New 10 and 12 year USPP at competitive rate of ~7.4%

  • Hedging:

  • Previous hedging delivered by end of FY23

  • Prudent approach to Mungari Expansion

    • 120koz at A$3,185/oz over FY24-26
  • 95% of production unhedged

  • Low average cost of debt at 4.7%

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Debt Maturity Profile (A$M)

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Long term debt 82% of total
(6-12 year tenor)
477
Near term debt
18% of total
273 273
120 150 150
95 35
0 50
FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36
Bank Term Loans USPP
Average cost of debt (%) Average debt tenor (years)
4.5% 4.7% 7.5
5.5
Rate Tenor
USPP (All) EVN Group (Pro-Forma) May 2023 June 2023
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24

CAPITAL DISCIPLINE BALANCE SHEET SUPPORTS STRATEGY TO PROSPER THROUGH THE CYCLE

CAPITAL STRUCTURE

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  • Gearing target of ~15%

  • Debt tenor aligned with mine life

  • Investment grade (BBB-) credit rating

LIQUIDITY AND FLEXIBILITY

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  • Deleveraging a priority

  • Minimum liquidity of ~$500M

SHAREHOLDER RETURNS

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  • Dividend policy unchanged at % of cash flow

  • Target is 50% of Group cash flow

HEDGING

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  • Risk management only

  • >95% production unhedged

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SUSTAINABILITY INTEGRATED INTO EVERYTHING WE DO

“Evolution’s commitment to sustainability is core to our business and drives our thinking about who we are and how we will be relevant in the decades to come”

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Fiona Murfitt, VP Sustainability

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‘Enviro’ category improved from 6 to 1 and ‘Social’ category improved from 8 to 2 (year-on-year)

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SUSTAINABILITY INTEGRATED INTO EVERYTHING WE DO

Shared stories strengthen reputation. Resilient to change with improved Disclosure and Advocacy

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Unlock potential through leadership to develop protective behaviours

Storytelling & Health, Safety ESG Reporting and Wellbeing

Risk Governance Felt Management Assurance to promote ongoing and Leadership including improvement Assurance Climate-related risk Community & Environmental Indigenous Management Engagement and including water Cultural Heritage

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Disciplined, consistent and reliable management including towards Our ‘Net Zero’ future

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Social licence to operate through targeted community plans, protecting cultural heritage and First Nation Partner relationships

Commitment to reduction in environmental footprint

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ACHIEVING
OUR NET
ZERO FUTURE
0%
+10% -10%
FY30
~ -35% [2]
+30%
-30%
Absolute emissions performance
against FY20 baseline
1. FY22 Performance is relative to the FY20 baseline
2. Scope 1 & 2 emissions are based on estimates from current operations
against FY20 baseline excluding future growth projects
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FIRST NATION PARTNERSHIPS

OUR STORIES

Gadarjil – Murra Wolka Project Authentic and Culturally Appropriate

Traineeship programs

Galari Agricultural Project – Building Capability & Capacity

COMMUNITIES

POSITIVE PARTNERSHIPS

Hope Project – Supporting Women and children in Kalgoorlie

University of Queensland – Use of gold in Cancer and Long Covid Our Gold - The Melbourne Cup Research

ENVIRONMENT, WATER AND EMISSIONS

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BMRG – Accounting for Nature & Elliott Heads Research Centre

Cowal: Reducing waste streams through Integrated Waste Landforms

Mt Rawdon: Pumped Hydro Project and ICA partnership

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Q&A

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