Drdgold Ltd. · JSE:DRD
Drdgold — FY2025 Earnings Presentation
39 slides from Drdgold's earnings presentation, August 2025
Slide 1: Presentation of Results for the year ended 30 June 2025
Presentation of Results for the year ended 30 June 2025 Niël Pretorius Chief Executive Officer Riaan Davel Chief Financial Officer
Slide 2: Disclaimer
Results for the year ended 30 June 2025 | Page 1 DISCLAIMER Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among o
Slide 3: Performance at a Glance
Results for the year ended 30 June 2025 | Page 2 PERFORMANCE AT A GLANCE as at 30 June 2025 18th consecutive financial year of dividends: Final cash dividend of 40 cps Financial Operational Sustainable development Electricity Potable water Revenue Operating profit Production All-in sustaining consum
Slide 4: Operating performance
Operating performance
Slide 5: Ergo Operating Trends
Results for the year ended 30 June 2025 | Page 4 ERGO OPERATING TRENDS Volume (000t) Yield (g/t) 12 000 0.240 0.233 0.219 9 856 9 631 0.210 10 000 0.187 0.180 0.169 8 079 8 022 8 000 0.150 6 000 0.120 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 Production
Slide 6: FWGR Operating Trends
Results for the year ended 30 June 2025 | Page 5 FWGR OPERATING TRENDS Volume (000t) Yield (g/t) 3 500 0.240 0.235 3 086 3 080 3 060 3 066 0.227 3 000 0.220 0.215 0.208 2 500 0.200 0.180 2 000 0.160 1 500 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 Product
Slide 7: Group Operating Trends
Results for the year ended 30 June 2025 | Page 6 GROUP OPERATING TRENDS Volume (000t) Yield (g/t) 12 916 0.240 0.228 0.221 13 000 12 697 0.210 0.199 12 000 0.178 11 165 11 103 0.180 11 000 0.150 10 000 0.120 9 000 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY202
Slide 8: Financial performance
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Slide 9: Ergo Financial Results
Results for the year ended 30 June 2025 | Page 8 ERGO FINANCIAL RESULTS Revenue (Rm) Cash operating costs (Rm) 2 952.5 3 000 0 2 719.0 -500 2 500 2 331.9 -1 000 2 193.0 2 000 -1 500 -2 000 -1 792.0 -1 779.0 -1 886.4 -1 812.8 1 500 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1
Slide 10: FWGR Financial Results
Results for the year ended 30 June 2025 | Page 9 FWGR FINANCIAL RESULTS Revenue (Rm) Cash operating costs (Rm) 1200 1 123.4 0 1 083.3 1000 933.6 -100 781.2 -200 800 -300 600 -305.1 -317.2 -328.7 -400 -344.8 400 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 O
Slide 11: Group Financial Trends
Results for the year ended 30 June 2025 | Page 10 GROUP FINANCIAL TRENDS Operating margin (%) All-in sustaining costs margin (%) 50.0 47.7 50 42.3 41.5 40 40.0 35.0 35.9 28.8 30 30.6 30.0 19.4 20 20.0 10 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 HY1 FY2024 HY2 FY2024 HY1 FY2025 HY2 FY2025 Free cas
Slide 12: Financial Review: Statement of Profit and Loss
Results for the year ended 30 June 2025 | Page 11 FINANCIAL REVIEW: STATEMENT OF PROFIT AND LOSS For the year ended 30 June 2025 Year to Year to 30 June 2025 30 June 2024 Rm Rm Revenue 7 878.2 6 239.7 Cost of sales (4 747.7) (4 429.9) Gross profit from operating activities 3 130.5 1 809.8 Other inco
Slide 13: Financial Review: Statement of Financial Position
Results for the year ended 30 June 2025 | Page 12 FINANCIAL REVIEW: STATEMENT OF FINANCIAL POSITION As at 30 June 2025 As at As at 30 June 2025 30 June 2024 Rm Rm Property, plant and equipment 8 542.2 6 794.9 Non-current investments and other assets 1 382.0 1 138.5 Deferred tax assets 38.3 23.4 Cash
Slide 14: Financial Review: Statement of Cash Flows
Results for the year ended 30 June 2025 | Page 13 FINANCIAL REVIEW: STATEMENT OF CASH FLOWS For the year ended 30 June 2025 Year to Year to 30 June 2025 30 June 2024 Rm Rm Net cash inflow from operating activities 3 511.1 1 845.2 Cash generated from operations 3 376.9 1 738.3 Finance income received
Slide 15: Vision 2028 update
Vision 28 update
Slide 16: Ergo Solar Plant and BESS: Up and Running
Results for the year ended 30 June 2025 | Page 15 ERGO SOLAR PLANT AND BESS: UP AND RUNNING Reflecting positive impact Commissioned November 2024 Functioning at 97% of designed Largely meets Ergo’s needs re R108 million cost saving end 41 791 804kwh surplus energy capacity end FY2025 reclamation sit
Slide 17: Our Big 5: Capital Projects in Progress
Results for the year ended 30 June 2025 | Page 16 OUR BIG 5: CAPITAL PROJECTS IN PROGRESS Projects delivering on Vision 2028 targets At Ergo: At FWGR: • Pipeline linking Ergo Plant to Daggafontein TSF to resume deposition on Daggafontein TSF • Expansion of DP2 plant • Re-commissioning of Withok TSF
Slide 18: Where
Results for the year ended 30 June 2025 | Page 17 WHERE
Slide 19: Daggafontein
Results for the year ended 30 June 2025 | Page 18 DAGGAFONTEIN Well advanced and on schedule for completion TSF moved from reserve to deposition site Work in progress includes: 21km dual pipeline (slurry and return water) construction under way 120Mt deposition capacity 500 000tpm deposition rate 20
Slide 20: Daggafontein Pipeline
Results for the year ended 30 June 2025 | Page 19 DAGGAFONTEIN PIPELINE Pipeline route
Slide 21: Withok
Results for the year ended 30 June 2025 | Page 20 WITHOK TSF construction to reach 300Mt capacity Ergo’s initial TSF, adjacent to current Brakpan TSF, previously reclaimed Work in progress includes: Public participation process completed Steps to re-establish as Ergo’s primary TSF in progress Author
Slide 22: DP2 Expansion
Results for the year ended 30 June 2025 | Page 21 DP2 EXPANSION Throughput capacity doubles to 1.2Mtpm 600 000tpm initial feed Plant gets its own elution Completion expected from each of Driefontein 3, circuit, smelter house Q1 FY2027 Libanon dumps
Slide 23: Stages of Completion
Results for the year ended 30 June 2025 | Page 22 STAGES OF COMPLETION Engineering and Design 99% Procurement 94% Fabrication and Supply 65% Delivery 34% Construction 29%
Slide 24: Slurry Receiving and Tails Area
Results for the year ended 30 June 2025 | Page 23 SLURRY RECEIVING AND TAILS AREA Dec 2024 July 2025
Slide 25: Thickener Area
Results for the year ended 30 June 2025 | Page 24 THICKENER AREA March 2025 June 2025
Slide 26: CIL Area
Results for the year ended 30 June 2025 | Page 25 CIL AREA March 2025 July 2025
Slide 27: Gold Room, Elution Facility, CIL and Reagent Area
Results for the year ended 30 June 2025 | Page 26 GOLD ROOM, ELUTION FACILITY, CIL AND REAGENT AREA Dec 2024 June 2025
Slide 28: RTSF
Results for the year ended 30 June 2025 | Page 27 RTSF Construction of 800Mt facility progressing well Work in progress includes: 800Mt deposition capacity 2.4Mtpm eventual deposition rate More than 30 year life Beneficial occupation planned to be available Q1 FY2027, aligning with DP2 expansion com
Slide 29: FWGR RTSF
Results for the year ended 30 June 2025 | Page 28 FWGR RTSF Progress Decant system Liner Installation Basin Prep – Clear and Grub Starter Wall Drainage system Return Water Dams 3 and 4
Slide 30: FWGR RTSF Construction progress
Results for the year ended 30 June 2025 | Page 29 FWGR RTSF Construction progress Beneficial occupation require embankment 1, 2 and 3 and Basin sections 1 and 2 Starter Wall: • Embankment Stage 1 – 87% • Embankment Stage 2 – 60% • Embankment Stage 3 – 56% Base Preparation – Clear and Grub, Rip and R
Slide 31: DP2/RTSF Pipeline
Results for the year ended 30 June 2025 | Page 30 DP2/RTSF PIPELINE Good progress despite logistical challenges 135km pipeline two residue pipelines return water pipeline Libanon slurry pipeline Work in progress includes: 60km (44%) completed to date Completion expected Q1 FY2027, aligning with DP2
Slide 32: Share Price Movement (Feb 2025 - Aug 2025)
Results for the year ended 30 June 2025 | Page 31 SHARE PRICE MOVEMENT (Feb 2025 - Aug 2025) February 2025 - August 2025: Upward momentum JSE ZAR cents 2,634.00 18 August 2025 NYSE USD 14.92 18 August 2025
Slide 33: Sustainable development performance
Sustainable development performance
Slide 34: Environmental Performance
Results for the year ended 30 June 2025 | Page 33 ENVIRONMENTAL PERFORMANCE Electricity consumption (MWh) 10 000 Potable water externally sourced (Ml) Over 10 years: 400 000 7 500 Electricity usage 5 000 300 000 decreased by 25% 2 500 200 000 0 2016 2019 2022 2025 2016 2019 2022 2025 Potable water d
Slide 35: Social Performance
Results for the year ended 30 June 2025 | Page 34 SOCIAL PERFORMANCE Over 10 years: Permanent employees Total SED spend (R million) 1 000 50 SED spend of 500 25 R341 million 0 0 2016 2019 2022 2025 2016 2019 2022 2025 Diversity 30% 80% 18% 72% Our Broad-Based Livelihoods Programme continued to creat
Slide 36: Looking ahead
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Slide 37: Outlook: FY2026 Guidance
Results for the year ended 30 June 2025 | Page 36 OUTLOOK FY2026 GUIDANCE ERGO FAR WEST GOLD RECOVERIES Completion of one third of the Regional Resumption of Daggafontein as a deposition Tailings Storage Facility ("RTSF") to align with facility is anticipated to be completed in the first commissioni
Slide 38: Delivering on Our Purpose
Results for the year ended 30 June 2025 | Page 37 DELIVERING ON OUR PURPOSE REGENERATION CLIMATE PEOPLE RENEWAL Environmental regeneration, through Reducing our carbon footprint by Caring for our people, employees Renewal of our business recovery, processing and transitioning to renewable energy, an
Slide 39: Contact Us
Results for the year ended 30 June 2025 | Page 38 CONTACT US Niël Pretorius, CEO Investor and media relations Registered office Shareholder data Riaan Davel, CFO Email: [email protected] Constantia Office Park (Incorporated in the Republic of South Africa) Cnr 14th Avenue and Hendrik Potgieter Road Re