Evolution Mining Limited

Thank you for standing by and welcome to the Evolution Mining Limited full year 2023 financial results call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand over to, excuse me, apologies, to Mr. O'Connor. Again, that is Peter O'Connor. Please go ahead.

Thank you, Andrew. My name is Peter O'Connor, the General Manager of Investor Relations at Evolution Mining. And welcome to everybody on the call today to Evolution Mining's full year results call. We've lodged a range of announcements today on the ASX platform, and we'll be talking to those in this morning's call, and they include the announcement for the FY23 results, the full financials, including the four-year documentation, a presentation for the four-year results, and an additional release about the Ernest Henry mineral resource update as well. Speakers on the call today include our Executive Chair, our Chief Executive Officer and Managing Director, Laurie Conway, our Chief Financial Officer, Barry Vandermeer, and Vice President Discovery, Glenn Masterman, who will talk specifically to the Ernest Henry Mineral Resource Update towards the end of this call. Just to recap, the last quarter has been a very active period for external engagement for the company. And over that period of time, we've delivered a range of products, including our Investor Day in June 2020. We participated in several major global and domestic conferences through that period. And importantly, we've also hosted a large range of investor groups through our operations over the last couple of months, our TAL and Ernest Henry operations in June. Most recently, in early August, our Mangari operation in Western Australia. And we're looking forward to a fourth visit, which will be in September this year, to our Red Lake operation. We also look forward to the next couple of days where we have extensive investor meetings over that period for the balance of this week. With that, I'll hand over to Executive Chair, Jake Klein, to commence the call.

Thanks, Rocky. Good morning, everyone. Thanks for joining us. Some of you were there, and remember that last week at Diggers and Dealers, I spoke to four key messages about the gold industry. This morning, because I know how tired everyone is after watching the Matildas last night, I'm only going to ask you to remember three important messages about evolution this morning. So, and they're on slide three of the presentation, and it starts with the business outlook and stronger cash generation. There's no doubt that the outstanding resilience of our people and our recovery from the weather events at both Ernest Henry and Mount Rawdon this year, which resulted in over $150 million of delayed revenue at Ernest Henry alone. We have now fully recovered from these events and have started FY24 with confidence. Having invested heavily in our portfolio over the last few years, we are entering a period of higher production and lower capital intensity. The next 12 months will be proof of this. This is the first message that I want you to remember. The second one is that this morning we have declared our 21st consecutive dividend, showcasing that gold companies can consistently deliver returns to shareholders whilst investing in growth. We are proud that we have now returned over $1.1 billion to shareholders with more to come. And as you will hear from Laurie, the priority of margin over ounces will remain. We will continue with our cost discipline to optimize margin and ensure we bank the benefits of higher metal prices. We're also really pleased that following our debt restructure last month, our investment grade credit rating was recently reconfirmed. Thirdly, This morning we released our fourth update to the mineral resource estimate at Ernest Henry. This is after only 18 months of full ownership of this operation. The deposit continues to grow, and as you will hear from Glenn in a few minutes, it is truly emerging as a world-class ore body. So to recap our three messages this morning. Firstly, lower capital intensity and higher cash generation going forward. Secondly, 21 consecutive dividends, a strong focus on capital management and confirmation of our investment-grade credit rating. Thirdly, Ernest Henry is a world-class ore body. Now turning to slide four. Sustainability is integrated into everything we do at Evolution. The health and safety of our people, both physical and mental, is a core value to us. We are pleased that our total recordable injury frequency rate reduced by 19%. But there is more we can do in this space, and we will, as any person being injured is one person too many. Our strong social license is something we are very proud of. We are committed to improving outcomes for all our stakeholders. This commitment was reflected last week at the annual New South Wales Mining HSEC Awards, where we were awarded the 2023 Community Excellence Award, recognising the long-standing partnership with the Wiradjuri Kendovalen Corporation in establishing the Galari Agricultural Company to develop skills in Indigenous youth. This collaborative shared value project has leased 50 acres of land for livestock production, renovated a farmhouse to become a cultural hub, and is successfully training and employing young Indigenous people. We are pleased that in FY23, through our team's efforts, we achieved a 9% reduction in carbon emissions against our FY20 baseline. This puts us on the pathway to deliver our commitment of a 30% reduction by 2030. We also continue to advance the opportunity to convert the Mount Rawdon operation to a very large, multi-generational pumped hydro asset, which is effectively a giant battery. I remain convinced that not only will this be a very valuable asset to everyone, but it will also be an opportunity to showcase mining and its contribution to our country in a completely different and positive light. With that, I will hand over to Laurie.