H1 FY25 Financial Results Presentation

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# H1 FY25 Financial Results Presentation

Source: https://www.regisresources.com.au/wp-content/uploads/2025/08/02914941.pdf
Published: 2025-02-20T00:00:00+00:00
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# H1 FY25 Financial Results Presentation
Consistent
delivery creates
value
H1 FY25 Financial Results
Jim Beyer - Managing Director and CEO
Anthony Rechichi - Chief Financial Officer
20 February 2025
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, the ASX
announcement titled “Impacts of the Section 10 Declaration over McPhillamys” released on 21 August 2024 and the
ASX release titled “ Tropicana Underground Ore Reserve Growth Continues” dated 20 February 2025 (the Relevant The distribution of this presentation (including an electronic copy) outside of Australia (including the United States) may
ASX Announcements). 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
References to Tropicana are at 30% ownership unless otherwise noted.
ASX Announcements, and those consents remain in place for subsequent releases by the Company of the same
information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and
ASX announcements are available on the Company’s website at www.regisresources.com.au
accompanying consent. 2
H1 FY25 - Consistently Delivering
Regis’ consistent operational performance and robust fundamentals highlight profitability and cash generation
Strong profitability and cash generation H1 FY25 H1 FY24 Change YoY
Cash and bullion $529M1 $155M ↑ 241%
Operating cash flow $348M $126M ↑ 176%
EBITDA $359M $63M ↑ 472%
Net profit / (loss) after tax $88M ($92)M ↑ $180M
Net cash / (debt) $229M2 ($145)M ↑ $374M
Earnings per share (basic) 11.7cps (12.2)cps ↑ 23.9cps
1. Gold on hand at 31 December 2024 of 3,486oz valued at a spot gold price of A�4,200/oz.
2. Based on cash and bullion on hand of �595M at the end of 31 December 2024 net of corporate debt of �300M. a future with growth 3
H1 FY25 Financial Results
Consistent performance delivers strong earnings, cash and profitability results.
Unit H1 FY25 H1 FY24 Change YoY
Gold production koz 196 221 ↓ 11%
Gold sold koz 198 211 ↓ 6%
All-in Sustaining Cost $/oz 2,403 2,119 ↑ 13%
Average realised price 1 $/oz 3,932 2,607 ↑ 51%
AISC margin $/oz 1,529 488 ↑ 213%
Hedge buyout cost $M - 98 -
Sales revenue $M 777 550 ↑ 41%
Cost of sales $M (618) (551) ↑ 12%
Underlying EBITDA2 $M 353 167 ↑ 111%
EBITDA2 $M 359 63 ↑ 472%
EBITDA margin % 46 11 ↑ 318%
Operating cash flow $M 348 126 ↑ 176%
Net profit / (loss) after tax $M 88 (92) ↑ $180M
Earnings per share Cps 11.7 (12.2) ↑ 23.9cps
1. 1H24 average realised price is after hedge impacts. 4
2. 1H24 EBITDA adjusted to remove inventory net realisable value adjustments, exploration write-offs, and hedge book buy-out costs.
Cash and bullion1 movements 6 months to 31 December 2024
Another period of strong gold sales and gold prices drive record operating cash flows and record cash and bullion balance
$364M
($59M)
($26M) ($5M) $529M
($18M)
($20M)
$295M
Opening cash & bullion Operations Mine development Exploration McPhillamys Other capex & rehab Corporate & Interest Closing cash & bullion
Note: Errors of summation may occur due to rounding.
5
1. Gold on hand at 31 December 2024 of 3,486oz valued at a spot gold price of A�4,200/oz.
Delivering Consistency in Cash and Bullion Build
Strong fundamentals and operational consistency drive strong cash generation.
+$149M
Delivered $374M cash since Dec 2023
Hedge
buyout +$85M
$529M
+$109M1
$380M
+$31M
$295M
$186M
$155M
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
6
1. Includes $20M a non-recurring tax refund.
Movements of the income statement
Very clean and transparent results highlight Regis’ profitability.
Gold sales revenue at spot was up 23% on record
Unit H1FY25 H1FY24 PCP Change gold prices, partially offset by 13koz less ounces
sold versus H1 FY24.
Gold sold at spot $M 777 631 ↑ 23%
Cost of sales (excl D&A) $M (397) (369) ↑ 8% H1 FY25 achieved gold price was A$3,932/oz (H1
FY24: $2,990/oz before hedge losses shown below)
Depreciation and amortisation $M (221) (183) ↑ 21%
Corporate and other1 $M (15) (15) flat
Cost of sales increased due to general cost inflation
Finance costs $M (18) (15) ↑ 20% and the impact of deeper pits, longer haulage, and
Underlying net profit before tax (excl.
$M 126 49 ↑ 157% increased proportion of UG ore.
hedge impacts & one-offs)
Impairment of non-current assets $M - (2) ↑ $2M
Additionally cost of sales in H1 FY24 includes a
Hedge deliveries $M - (81) ↑ $81M
significant credit to costs for the increase in bullion
Hedge buyout $M - (98) ↑ $98M on hand (a timing difference relating to gold sales).
Tax (expense) / benefit $M (38) 39 ↓ $77M
Net profit after tax $M 88 (92) ↑ $180M D&A was 21% higher on higher amortisation of open
pit pre-strip.
Note: Errors of summation may occur due to rounding.
1. Includes McPhillamys costs expensed through the profit and loss in FY25.
7
Balance sheet highlights
A balance sheet of strong foundations that provides liquidity and flexibility
H1 FY25 cash and bullion balance of $529M1.
After the end of the December quarter, Regis repaid its $300M loan facility in full and well in advance of its
maturity date2.
Established a $300M Revolving Credit Facility3, consisting of very highly regarded banks with significant
experience within the natural resources sector.
The Revolving Credit Facility was struck on very competitive terms and provides additional liquidity and
flexibility to enable Regis to advance growth initiatives.
1. Gold on hand at 31 December 2024 of 3,486oz valued at a spot gold price of A�4,200/oz.
2. ASX Release titled “Regis Repays its �300M Term Loan Facility” dated 16 January 2025.
3. ASX Release titled “Regis Establishes a �300M Revolving Credit Facility” dated 3 February 2025. 8
FY25 Guidance
FY25 guidance demonstrates a continued focus on delivering profitable ounces and building its cash balance
Duketon Tropicana (30%) Group FY25 YTD Actual
Production (koz) 220 - 240 130 – 140 350 – 380 196
2,403 Stockpile draw continues in
AISC ($/oz) 2,500 – 2,800 2,300 – 2,600 2,440 - 2,7403
FY25
Growth Capital ($M) 110 – 120 10 – 15 120 – 135 37
Group AISC includes ~$150/oz
non-cash for stockpile
Exploration ($M) - - 50 – 60 27
drawdowns.
McPhillamys ($M) - - 10 – 15 5
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.
9
Further information
Jeff Sansom
Head of Investor Relations
+ 61 (0) 473 098 856
Group Ore Reserve Table – Regis Attributable
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
Duketo

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