Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Non-Deal Roadshow (November 2024)
20 slides from Northern Star Resources's roadshow presentation, Nov 25, 2024
Slide 1: Business First European Marketing November 2024
For personal use only Business First European Marketing November 2024
Slide 2: Disclaimers
Disclaimers For personal use only Disclaimer and Forward-Looking Statements ASX Listing Rule 5.23 Statement Northern Star Resources Ltd has prepared this announcement based on The information in this announcement that relates to the current Ore Reserves and Mineral Resources of Northern Star informa
Slide 3: 1 commodity, 2 jurisdictions, 3 production centres
Northern Star _ 1 commodity, 2 jurisdictions, 3 production centres For personal use only 100% GOLD Pogo Tier-1 MINING JURISDICTIONS Yandal Kalgoorlie ASX 50 MARKET INDEX 3
Slide 4: Our profitable growth plan
Our commitment to _ our profitable growth plan For personal use only 2.00Moz 1.8-2.2Moz SUSTAINABLE BUSINESS KALGOORLIE 1.1Moz 3–5 1.80Moz of which PRODUCTION CENTRES to KCGM 650koz KCGM 900koz 1.65Moz Grade increase at KCGM Mill Expansion 1.8–2.2Moz GOLD SOLD YANDAL 600koz 1st Half Realising full p
Slide 5: FY24 highlights
Our commitment to _ create value For personal use only FY24 highlights 1,621koz A$ 1,853/oz A$ 2.2B Gold Sold AISC Underlying EBITDA A$ 462M A$ 172M/$300M A 40.0cps Underlying FCF Share buy-back Dividends Underlying EBITDA is Revenue ($4,921M); less cost of sales excluding D&A ($2,601M); less corpor
Slide 6: Maximise financial performance
Our commitment to _ maximise financial performance For personal use only FY24 Group Level Underlying 45% 1,353/oz FY24 EBITDA Contribution A$ Pogo 15% EBITDA margin EBITDA/oz Production Centre (excl. exploration) 56% A$1,647/oz 47% 48% 44% 43% Yandal 33% A$1,200/oz Kalgoorlie 29% 56% Production Cent
Slide 7: Increase returns on capital
Our commitment to _ increase returns on capital For personal use only Return on Capital Employed (ROCE) (%) Profitable Growth Strategy Our Purpose To generate superior returns for our shareholders, while providing positive x2 ROCE benefits for our stakeholders, through uplift operational effectivene
Slide 8: A strong balance sheet
Our commitment to _ a strong balance sheet For personal use only Net cash position Investment grade Disciplined approach anchors balance rated by S&P, maintained sheet Moody’s and Fitch throughout the cycle Credit Facilities (at 30 Sep 2024) US$600M 148M 2.5B A$750M A$750M (drawn) A$ A$ (undrawn) (u
Slide 9: Deliver cash returns to shareholders
Our commitment to _ deliver cash returns to shareholders For personal use only 50.0 250 45.0 Cumulative capital management 40.0 1,944 200 of A$1.94B since FY12 35.0 (dividends plus buy-back) 30.0 1,439 150 25.0 Performance-Based Payout 20.0 1,008 100 Framework 15.0 757 20-30% of 10.0 536 500 336 5.0
Slide 10: Drive operating costs lower
Our commitment to _ drive operating costs lower For personal use only FY24 Global Gold Cost Curve SUSTAINABLE 2,250 BUSINESS 1st Quartile 2nd Quartile 3rd Quartile 2,000 +3% YoY +2% YoY +9% YoY 1st Half COST CURVE 1,750 KCGM MILL EXPANSION 3/6 assets AISC (US$/oz) 1,500 FY24 KCGM TODAY +2% YoY 1,250
Slide 11: Kalgoorlie Production Centre: unlocking value at KCGM
Kalgoorlie Production Centre _ unlocking value at KCGM For personal use only 13Mtpa 27Mtpa Fimiston Processing Plant 900kozpa Location: Western Australia FY29 steady state KCGM Gold Sold Supports +20 year mine life 1,425/oz A$ Construction on track and within KCGM AISC budget – FY27 commissioning 11
Slide 12: KCGM: a key global gold asset
KCGM _ a key global gold asset For personal use only 32Moz Mineral Resources 13Moz Ore Reserves +20Years Mine Life 65Moz gold mined over 130 years 12
Slide 13: Yandal Production Centre: hub strategy
Yandal Production Centre _ hub strategy For personal use only 14Moz YANDAL gold mined over 30 years 10.2Moz 3.4Moz 9Mtpa MILLING Mineral Resources Ore Reserves CAPACITY Jundee 3Mtpa Reserve grade 5.9Moz 1.3Moz 3.9g/t MILLING Mineral Resources Ore Reserves CAPACITY Thunderbox 4.2Moz 2.1Moz Reserve gr
Slide 14: Jundee: delivering superior returns
Jundee _ delivering superior returns For personal use only Reinvest Expand Optimise A$ 2,228M Cumulative Operational Free Cash Flow 121% Internal Rate of Return (pre-tax) Acquisition A$ 82.5M Consistent and reliable production Jul 2014 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 +FY2
Slide 15: Pogo Production Centre: preparing for the next decade
Pogo Production Centre _ preparing for the next decade For personal use only 6.7Moz High-grade Resources 10.1g/t; Reserves at Mineral Resources 8.0g/t Lowering costs through 1.5Moz Ore Reserves growth and optimisation In-mine and near regional +10Years Mine Life opportunity 5Moz gold mined ove
Slide 16: Pogo: positioned for higher free cash flow
Pogo _ positioned for higher free cash flow For personal use only Reinvest Expand Optimise Acquisition Increasing returns and payback US$ 260M US$ 149M Cumulative Free Cash Flow Consistent and reliable production Sept 2018 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 +FY27 Operational Free Cash Flow 16 O
Slide 17: Exploration is an attractive approach to value creation
Exploration is an _ attractive approach to value creation For personal use only 20.9Moz 61.3Moz Ore Mineral Reserves* Resources* + 10YR A$ 31/OZ Reserve-backed Cost of Resource production profile additions 17 *Annual Mineral Resources and Ore Reserves Statement as at 31 March 2024
Slide 18: Our journey to sustainable mining
Our journey to _ sustainable mining For personal use only 0.6 SLTIFR Net Zero below industry average* ambition for Scope 1 & 2 Safety performance as at 30 Sep 2024 emissions by 2050 Relative to 1 July 2020 baseline (931kt CO2-e) Zero 35% materially adverse incidents targeted reduction in Scope 1 & 2
Slide 19: To deliver FY25 guidance
Our commitment _ to deliver FY25 guidance For personal use only FY25 GUIDANCE UNITS KALGOORLIE YANDAL POGO TOTAL* Gold Sold koz 890 - 980 505 - 555 255 - 265 1,650 - 1,800 AISC A$/oz 1,740 - 2,000 1,930 - 2,210 US$1,395 - 1,460 1,850 - 2,100 Growth Capital Expenditure A$M 555 - 595 285 - 307 US$60 -
Slide 20: Our commitment to create value
Northern Star _ our commitment to create value For personal use only Production growth to 2Moz on track and fully funded Geology drives organic portfolio opportunities Transition to higher free cash www.nsrltd.com flow levels near complete 20
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