Evolution Mining : FY22 Half Year Financial Results and MROR Presentation

ersonal use only

Inspired people creating a premier global gold company

2022 HALF YEAR FINANCIAL RESULTS & MROR

Jake Klein - Executive Chairman

Lawrie Conway - Finance Director and CFO

Glen Masterman - VP Discovery & BD

16 February 2022

FORWARD LOOKING STATEMENT

These materials prepared by Evolution Mining Limited (or "the Company") include forward looking statements. Often, but not always, forward looking statements onlycan 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

usextreme 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

a umptions 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 ersonalintended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking

st tements. 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.

Non-IFRS Financial Information

The Company results are reported under International Financial Reporting Standards (IFRS). This presentation also includes non-IFRS information including EBITDA and Underlying Profit. The non-IFRS information has not been subject to audit or review by the Company's external auditor and should be used in addition to IFRS information.

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HIGHLIGHTS

only	1	PORTFOLIO
TRANSFORMED
use
2	STRONG
	FINANCIAL
ersonal		RETURNS
	CONTINUED

3	INCREASE IN
RESOURCES &
	RESERVES

14+ Years	Growth	Additional Ernest
Average Mine Life	opportunities in	Henry contribution
Tier 1 jurisdictions	from H2 FY22

EBITDA Margin	Margin	3c fully
expansion with	franked
	growing copper
44%	dividend
exposure

Mineral Resources		Ore Reserves
year-on-year to	12%	year-on-year to	5%
29.6Moz		10.3Moz

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1. Total Recordable Injury Frequency (TRIF): The frequency of total recordable injuries per million hours worked.

2. Net Zero future commitment of 30% emissions reduction by 2030 and net zero emissions by 2050. Emissions targets are related to Scope 1 and Scope 2

3. Dow Jones Sustainability Index Australia - Evolution ranked among the top performing Australian mining companies for corporate sustainability, one of only three gold companies in this category

ACCELERATING SUSTAINABILITY

 Keeping our people healthy and safe

	 TRIF1 improvement of ~50% at Mungari since June 21
	 COVID-19 - Increasing impact but being well managed
only Sustainability performance
use	 Climate risk reduction (including water and emissions) to
meet "Net Zero future" commitments2
 Recognised by reputable ratings agencies - S&P Global
(DJSI)3, MSCI, ISS and Sustainalytics
 Supporting our communities
ersonal	 Four Shared Value Projects approved including
 Use of gold nanoparticles in the early detection of cancer

and long haul COVID with the University of Queensland

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CREATING REAL SHAREHOLDER VALUE

 Consistent strategy

 Last 6 months have been transformative  High-quality operations in Tier 1 jurisdictions

only	assumption (~US$1,050/oz)
 No material increase in price assumptions1
 18 consecutive dividends to shareholders
use			+12%
		In 2021
ersonal		+329% over		29.3
	8.5 years	26.4
6.2
2012	2020	2021
	Growth in resources (millions of ounces)

 Gold Ore Reserves reported at A$1,450/oz price

Cowal

Return

16%*

Red Lake

T'round

underway

Ernest Henry

Return

27%*

Mungari

Return

13%*

Mine life at	8
acquisition
Mine life now	6.5	19
	Years owned	Remaining Life

Mine life at

acquisition 13

Mine life now
2	18

Years owned		Remaining Life

Mine life at

acquisition 11

Mine life now
5	6		5+
				owned			Remaining Life			Extension potential
		Years

Mine life at

acquisition 6

Mine life now
6.5	12

Years owned		Remaining Life

1. Gold price assumptions: A$1,350/oz for reserves and A$1,800/oz for resources prior to 2019 and

A$1,450/oz for reserves and A$2,000/oz resources since 2019

*Average annual return on acquisition cost. Ernest Henry pre full-ownership and Mungari pre Kundana

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