Global Metals and Mining Conference

February 2017 Jake Klein - Executive Chairman

Forward looking statement

  • 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", "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.

  • All US dollar values in this presentation are calculated using the average AUD:USD dollar exchange rate for the December 2016 half-year of US$0.75 unless otherwise stated

    2

    Executing a clear and sound strategy

    Australia

    • Low risk, politically stable jurisdiction

    • Strong tailwinds for gold miners in recent

      years

      Mid-tier

    • 6 - 8 asset portfolio to ensure focus is

      maintained

      Low cost

    • Five consecutive years of reducing All-in Sustaining costs

    • Among the lowest cost gold producers in the world

      Reliability

    • Five consecutive years of meeting production and cost guidance

      Maximise returns

    • Peer leading FCF per ounce generation

    • Capital growth

    • Increased dividends

      Growth

    • Strong cash flow funding near mine and regional exploration

    • Delivering logical, value accretive opportunities to improve portfolio quality

FY19 outlook: 830 - 890koz Au at AISC1 US$625 - US$675 per ounce

1. Evolution has provided a three year AISC outlook in Australian dollars on slide 23. US dollar AISC outlook is based on an AUD:USD exchange rate of 0.75 3

ASX code

EVN

Shares outstanding

1,680M

Market capitalisation(1)

A$3,950M / US$2,960M

Average daily share turnover(2)

A$20M / US$15M

Net debt(3)

A$589M / US$442M

Forward sales(3)

579,487oz at A$1,633/oz

Dividend policy

4% of revenue

Major shareholders

La Mancha 28%, Van Eck 7%

Overview Group gold production (ounces)

280,401

392,920

427,703

437,570

803,476

800,000 -

860,000

820,000 -

880,000

830,000 -

890,000

FY12 FY13 FY14 FY15 FY16 FY17F FY18F FY19F

  1. Based on share price of A$2.35 per share on 21 February 2017

  2. Average daily share turnover prior three months through to 21 February 2017 4

  3. As at 31 December 2016

Evolution Mining Limited published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 February 2017 22:23:17 UTC.

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