Full Year Results Presentation

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# Full Year Results Presentation

Source: https://www.regisresources.com.au/wp-content/uploads/2025/08/02841504.pdf
Published: 2024-08-22T00:00:00+00:00
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# Full Year Results Presentation
A future with
growth
FY24 Financial Results
Jim Beyer - Managing Director and CEO
Anthony Rechichi - Chief Financial Officer
22 August 2024
Cautionary statement
This presentation contains only a brief overview of Regis Resources Limited and its associated entities (“Regis or The Company confirms that it is not aware of any new information or data that materially affects the information included
RRL”) and their respective activities and operations. The contents of this presentation, including matters relating to in the Relevant ASX Announcements and in each case the Production Targets, forecast financial information and
the geology of Regis’ projects, may rely on various assumptions and subjective interpretations which it is not estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning
possible to detail in this presentation and which have not been subject to any independent verification. that information in the Relevant ASX Announcements, continue to apply and have not materially changed. The Company
confirms that the form and context in which the Competent Person’s findings are presented have not been materially
modified from the original ASX announcement.
This presentation contains a number of forward-looking statements that are subject to risk factors associated with
gold exploration, mining and production businesses. It is believed that the forward looking statements in this presentation
are reasonable based on information available as at the date of this presentation but known and unknown risks and This presentation uses mineral reserves and mineral resources classification terms that comply with reporting
uncertainties, and factors outside of Regis’ control, may cause the actual results, performance and achievements of Regis standards in Australia. These standards differ significantly from the requirements of the United States Securities and
to differ materially from those expressed or implied in this presentation. These risk factors include, but are not limited to, Exchange Commission that are applicable to domestic United States reporting companies and, therefore, are not
changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and comparable.
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,
Past performance and pro-forma financial information given in this document, including in relation to upgrades to
changes to the regulatory framework within which the Company operates or may in the future operate, environmental
resources and reserves, is given for illustrative purposes only and should not be relied upon as (and is not) an indication
conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and
of future performance, nor of Regis’ views on the Company’s future financial performance or condition. Investors should
litigation. Readers are cautioned not to place undue reliance on forward looking statements. No representation or
note that past performance of Regis, including the historical trading prices of its shares, cannot be relied upon as an
warranty, express or implied is made as to the accuracy, currency or completeness of the information in this presentation,
indicator of and provides no guidance as to) Regis’ future performance, including the future trading price of its shares.
nor the future performance of Regis. Except as required by applicable law or regulations, Regis does not undertake to
The historical information included in this presentation is, or is based on, information that has previously been released
publicly update or review any forward-looking statements, whether as a result of new information or future events.
to the market.
Current and potential investors and shareholders should seek independent advice before making any investment decision
in regard to Regis or its activities.
As noted above, an investment in Regis shares is subject to known and unknown risks, some of which are beyond the
control of Regis. Regis does not guarantee any particular rate of return or the performance of the Company, nor does it
Mineral Resources, Ore Reserves and Exploration Results are extracted from the Mineral Resource and Ore Reserve
guarantee the repayment of capital from Regis or any particular tax treatment.
Statement released to the ASX on 17 June 2024, the Quarterly Activities Report released on 25 July 2024 and the ASX
announcement titled “Impacts of the Section 10 Declaration over McPhillamys” released on 21 August 2024 (the
Relevant ASX Announcements). The distribution of this presentation (including an electronic copy) outside of Australia (including the United States) may
be restricted by law and any such restrictions should be observed. Any non-compliance with these restrictions may
contravene applicable securities laws.
In each case, appropriate Competent Person’s consents were obtained for the release of that information in the Relevant
ASX Announcements, and those consents remain in place for subsequent releases by the Company of the same
References to Tropicana are at 30% ownership unless otherwise noted.
information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and
accompanying consent.
ASX announcements are available on the Company’s website at www.regisresources.com.au
a future with growth 2
Delivering Safely And Responsibly
In FY24 we delivered strong profitability and cash generation and meaningful ESG outcomes
Strong profitability and cash generation Delivered meaningful ESG outcomes
Record cash and bullion $295M1
FY24 YTD LTIFR Female Representation Safe Work Culture
Record operating cash flow $475M
0.00 22%: Employees Launched Safe2Say
>1,200 CCV’s 33%: Board
FY24 EBITDA $297M2
FY24 Underlying EBITDA $421M2
FY24 Underlying NPBT $106M3 Land Rehabilitation Renewable Energy Building Capacity
203 Ha up 9MW: Duketon WTA: Mantjintjarra Ngalia
Net debt $5M4 400% vs FY22 People
62MW: Tropicana
1. Gold on hand at 30 June 2024 of 4,787 valued at a spot gold price of A�3,519/oz.
2. EBITDA excludes non-cash impairment charges of �194M, and Underlying EBITDA further excludes the �98M hedge book buyout and �26M inventory net realisable value write-downs. a future with growth
a future with growth 3
3. See slide 6. Underlying Net Profit Before Tax excludes the impact of the hedge loss and hedge buyout and exclude the non-cash impairments.
4. Based on cash and bullion on hand of �295M and corporate debt of �300M.
FY24 Financial Results
Strong EBITDA and record operating cash flow
Unit FY24 FY23 2H24 1H24
Gold Production koz 418 458 197 221
Gold Sold koz 424 459 213 211
All-in Sustaining Cost $/oz 2,286 1,805 2,472 2,119
Average Realised Price (after hedge impact) $/oz 2,976 2,471 3,334 2,615
Hedge buyout cost $M 98 - - 98
Sales Revenue $M 1,262 1,134 712 550
Underlying EBITDA1 $M 421 402 254 167
EBITDA1 $M 297 369 234 63
Cash flow from operating activities $M 475 455 349 126
Loss After Tax $M (186) (24) (94) (92)
Underlying EBITDA Margin % 33 35 36 30
AISC Margin $/oz 690 666 862 496
ASIC Margin % 30 37 35 23
1. EBITDA excludes non-cash impairment charges of �194M, and Underlying EBITDA further excludes the �98M hedge book buyout and �26M inventory net realisable value write-downs. a future with growth 4
Cash and bullion1 movements 12 months to 30 June 2024
Strong gold sales and record gold prices drive record operating cash flows and delivers record cash and bullion balance
a future with growth 5
1. Gold on hand at 30 June 2024 of 4,787 valued at a spot gold price of A�3,519/oz
Movements of the income statement
Strong gold sales and record gold prices drive record operating cash flows
Unit FY24 FY23 2H24 1H24
Gold sold was up 8% on record gold prices,
Gold sold at spot $M 1,344 1,249 713 631 partially offset by lower gold production.
Cost of sales (excl D&A) $M (824) (720) (454) (369)
Cost of sales increased due to deeper pits,
Depreciation and amortisation $M (347) (384) (164) (183)
longer haulage, weather impacts and increased
Corporate and other $M (37) (39) (23) (15) proportion of UG ore.
Finance costs $M (29) (22) (14) (15)
Underlying net profit before tax
$M 106 83 57 49 D&A was 10% lower on reduced mining volumes
(excl. hedge impacts & one-offs)
related to the Duketon North Operation
Impairment of non-current assets $M (194) (2) (192) (2)
transitioning to Care and Maintenance.
Hedge deliveries $M (81) (115) - (81)
Hedge buyout $M (98) - - (98) $81M losses from the delivery of 57koz into the
Tax benefit $M 80 9 40 39 hedging program and $98M to close out the
Net profit after tax $M (186) (24) (94) (92) remaining 63koz of the hedge book.
Note: Errors of summation may occur due to rounding.
a future with growth 6
Balance sheet highlights at 30 June 2024
Strong balance sheet provides platform for growth
Closed out hedge book in December 2023; Regis is now fully leveraged to the gold price.
Record FY24 cash and bullion balance of $295M1.
In the six months since closing out the hedge book, Regis has built $140M of cash and bullion.
Low net debt of $5M.
$300M corporate loan facility maturing in June 2025 and Regis may repay the loan by maturity or may
seek to extend the maturity.
a future with growth 7
1. Gold on hand at 30 June 2024 of 4,787 valued at a spot gold price of A�3,519/oz
FY25 Guidance
FY25 guidance demonstrates a continued focus on delivering profitable ounces and building its cash balance
FY25 Guidance Duketon Tropicana (30%) Group
Production (koz) 220 – 240 130 – 140 350 – 380
Stockpile draw continues in FY25
AISC ($/oz) 2,500 - 2,8001 2,300 - 2,6002 2,440 - 2,7403
Growth Capital ($M) 110 – 120 0–5 110 – 125 Group AISC includes ~$150/oz non-cash
for stockpile drawdowns.
Exploration ($M) - - 50 – 60
McPhillamys ($M) - - Under review
1. Duketon FY25 AISC includes ~$190/oz of non-cash charges related to stockpile drawdowns.
2. Tropicana FY25 AISC includes ~$90/oz of non-cash charges related to stockpile drawdowns.
3. Group FY25 AISC includes ~$150/oz of non-cash charges related to stockpile drawdowns.
a future with growth 8
Further information
Jeff Sansom
Head of Investor Relations
+ 61 (0) 473 098 856
Reserve Table
Group Ore Reserve Table - Regis attributable1
Proved Probable Total Ore Reserve
Cut-Off
Project2 Equity Type Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal
(g/t)3
(Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz)
Duketon North 100% Open-Pit 0.5 - - - 0.44 1.1 20 0.4 1.1 15
Duketon North 100% Stockpiles 0.2 1 0.5 16 - - - 1 0.5 16
Duketon North 100% Sub Total - 1 0.5 16 0.44 1.1 15 1.5 0.7 31
Duketon South 100%4 Open-Pit 0.6 0.3 1.2 12 6 1.1 257 6 1.1 269
Duketon South 100% Underground 2.2 - - - 4 2.5 335 4 2.5 335
Duketon South 100% Stockpiles 0.4 7.9 0.7 164 - - - 8 0.7 164
Duketon South 100% Sub Total - 8.2 0.7 176 10 1.8 592 18 1.3 768
Duketon Total 100% Total - 9 1.2 191 10 1.3 607 20 1.3 798
Tropicana 30% Open-Pit 0.6 0.5 1.5 20 7 1.6 350 7 1.6 370
Tropicana 30% Underground 2.7 1 3.2 100 1 3.3 100 2 3.2 200
Tropicana 30% Stockpiles 0.7 5 0.7 110 - - - 5 0.7 110
Tropicana Total5 30% Total - 6 1.1 230 8 1.8 450 14 1.5 670
Regis Total Grand Total - 16 0.9 431 18 1.8 1,057 34 1.4 1,470
Notes
The above data has been rounded to the nearest 1,000,000 tonnes, 0.1 g/t gold grade and 10,000 ounces. Errors of summation may occur due to rounding.
1. Duketon and Tropicana Ore Reserves as

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