Regis Resources : HI FY2022 Financial Results Presentation

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ersonal	ASX:RRL
FY22 Half Year Financial Results - 22 February 2022
JIM BEYER - Managing Director & CEO & JON LATTO - Chief Financial Officer

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2 CAUTIONARY STATEMENT

This presentation contains only a brief overview of Regis Resources Limited and its associated entities ("Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis' projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

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 uncertainties, and factors outside of Regis' control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. These risk factors include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and 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, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Readers are cautioned not to place undue reliance on forward looking statements. No representation or warranty, express or implied is made as to the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis. Except as required by applicable law or regulations, Regis does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to production targets and associated forecast financial information is extracted from the ASX announcement released 24 January 2022 entitled "FY22 Guidance Update". Mineral Resources and Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the ASX on 21 April 2021 & 15 June 2021 (the Relevant ASX Announcements). Exploration Results are extracted from the Exploration Update April to September 2021 released to the ASX on 18 November 2021.

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 information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the Relevant ASX Announcements and in each case the Production Targets, forecast financial information and estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning 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.

Past performance and pro-forma financial information given in this document, including in relation to upgrades to resources and reserves, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance, nor of Regis' views on the Company's future financial performance or condition. Investors should note that past performance of Regis, including the historical trading prices of its shares, cannot be relied upon as an indicator of (and provides no guidance as to) Regis' future performance, including the future trading price of its shares. The historical information included in this presentation is, or is based on, information that has previously been released to the market.

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 guarantee the repayment of capital from Regis or any particular tax treatment.

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.

ASX announcements are available on the Company's website at www.regisresources.com.au

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3 FY22 HALF YEAR HIGHLIGHTS

EBITDA		EBITDA MARGIN
A$196M		40%

Cash flow from		Cash & Bullion		Underlying NPAT
operating activities
	A$180m1		A$44m
A$136m

1. Includes bullion on hand valued at $2,508 per ounce

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4 FY22 HALF YEAR ESG HIGHLIGHTS

Good progress made against FY22 commitments

Looking after our people

Lost Time Injury Frequency Rate (LTIFR 12MMA) at 1.3- 35% below the industry average Proactive COVID management - Zero confirmed cases within the business

27% of executive and managerial positions held by females

Looking after our environment

Zero environmental non-compliances or significant incidents during the period On track to complete material increase in rehabilitation for FY22

Governance

Released 2021 Sustainability Report Published 2021 Modern Slavery Statement

100% compliance with ASX Corporate Governance Council Principles and Recommendations

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5 FY2022 HALF YEAR FINANCIAL RESULTS

		H1 FY2022	H1 FY2021
	Unit	31 Dec 2021	31 Dec 2020
Production
Ounces Produced	oz	210,270	172,977
Ounces Sold	oz	216,651	172,990
All-in Sustaining Cost	$/oz	1,527	1,356
Average Realised Price	$/oz	2,256	2,317
Financial
Sales Revenue	$M	488.8	401.0
EBITDA	$M	195.6	198.6
Underlying Net Profit After Tax	$M	44.2	86.5
Net Profit After Tax	$M	26.5	84.8
Margins
EBITDA Margin	%	40	50
Underlying NPAT Margin	%	9	22

Revenue increase

reflects new scale of

business

EBITDA margin remains strong

Expecting a stronger

H2 FY22