Polus · RUS:PLZL
Polus — Polyus — FY2021 Earnings Presentation
18 slides from Polus's earnings presentation, Feb 16, 2022
Slide 1: 4Q & FY2021 Financial Results
Ss POLYUS 4Q & FY2021 FINANCIAL RESULTS
Slide 2: COVID-19: Our Response
COVID-19: OUR RESPONSE Se PoLyus KEEPING EMPLOYEES SAFE Od» Alloperating assets sufficiently equipped “with protection devices and sanitizers A Daily medical checks and disinfection at all business units and offices > SUPPORTING LOCAL COMMUNITIES RUB 1 bin fund established in a partnership with the
Slide 3: Results Overview: FY2021 Key Highlights
RESULTS OVERVIEW Se PoLyus FY2021 KEY HIGHLIGHTS GOLD SOLD, REVENUE, Tcc, EBITDA, CAPEX, koz $ min $/oz $min $min 2,736 4,966 405 3,518 928 W 3% Y-0-Y W1% Y-0-Y 412% Y-0-V W5% Y-0-Y 442% Y-O-V FINANCIAL LEVERAGE net debt? /adjusted EBITDA, x | | net debt?, $ min 2018 2019 2020 2021 FREE CASH FLOW' G
Slide 4: 2.7 425–450 1,000–1,100 2.8 425–450 1,100–1,200 2.9 400–450 1,000–1,100 • • • • •
2.7 425–450 1,000–1,100 2.8 425–450 1,100–1,200 2.9 400–450 1,000–1,100 • • • • • • • •
Slide 5: Ye POLYUS
4, Ye POLYUS
Slide 6: 1,132 4,998 4,966 (123) 92 238 141
318 129 112 66 62 25 1,132 4,998 34 56 4,966 (123) 503 430 292 238 141
Slide 7: TCC Performance
TCC PERFORMANCE ve PoLyus TCC DYNAMICS, Y-O: TCC DYNAMICS, Q-0-Q $/oz $/oz cs 31% 12% V-O-V c 416% W 4% a-0-a 424 405 Reflecting lower average grades 427 Al2 Reflecting seasonal decrease 389 364348365 362 in ore processed at Olimpiada 354 366 800 in output at the structurally increase in MET rate at
Slide 8: 1,277
715 837 1,277 865 618 626 658 644
Slide 9: Cash Operating Costs
CASH OPERATING COSTS Se PoLyus CASH OPERATING COSTS STRUCTURE, FY21 Most of the costs are RUB-denominated LABOUR CONSUMABLES AND SPARES MET FUEL POWER TCC a Employee compensation expenses remained flat compared to y-o-Y _ the prior year. Total employee compensation in rouble terms increased, followi
Slide 10: 80% 70% 1,496 60% 50% 40% 30% 20% 3 160 10% 0 0% 31
80% 00 70% 1,496 60% 00 50% 40% 00 669 30% 577 00 397 20% 203 160 10% 0 0% 31 (121) (71) (11) 3,690 3,518
Slide 11: 2,936 (1,138) (1,893) 1,445 (7) 1,343
2,936 (1,138) (1,893) 1,445 (7) 1,343
Slide 12: 1024 (38) (27) (30)
126 1024 96 10 12 875 (38) (27) (30)
Slide 13: Capex Analysis
CAPEX ANALYSIS = POLYUS CAPEX BREAKDOWN CAPEX BY MINE DYNAMICS, BY MINE, FY21 Y-O-Y $min M— 2021 — 2020 21% ~~ OLIMPIADA * Capacity throughput increase and BIO optimization 183 + Upgrade of mining fleet, completion of construction of the pit-stop ON TT 197 for trucks” on-site mahtenance Execution of
Slide 14: 2022 Capex Breakdown
2022 CAPEX BREAKDOWN Se PoLvus 2022 Guidance FX assumption: USD/RUB of 65 OTHER KURANAKH SUKHOI LOG NATALKA FOREX OLIMPIADA $ 25-75 min $1,100-1,200 min $50-60 min || 240-260 — BLAGODATNovE $82mn — $OTO mn si6070Imn § 3q-agmin S220 MEN = Increase in $928nn Yy inal HR -Kuranakh mill exploration : ans
Slide 15: Financial Position
FINANCIAL POSITION 108.365
Slide 16: • • 2,097 • • 1,909 • •
• • 2,097 918 500 4 43 • • 1,909 • 700 500 341 44 •
Slide 17: Managing Cost and Structure
MANAGING COST AND STRUCTURE Se PoLvus DEBT BREAKDOWN' BY SOURCE PRIVATE DEBT VS PUBLIC DEBT — public — private 53-6 un EUROBONDS — 48% 43% BANK LOANS— RUB BONDS— io As of 30 Sept 2021 AN% so5 bin 52% 39% i = As of 34 Dec 2021 37% 63% BY INTEREST RATES AVERAGE INTEREST RATE soon FIXED RATE 96% FLOATI
Slide 18: Peer Benchmarking Dynamics at Polyus
Climate Change: Water security: Forests: Peer benchmarking Dynamics at Polyus