8/19/2026

speaker
Laurie
CEO

Thank you, Darcy, and good morning, everyone. I'm joined on the call today by Fran Summer-Hayes, our CFO, and Peter Rocchio-Connor, our GM, Investor Relations. Today we released our FY26 full-year financial results on the ASX, including a presentation, which will be the reference point for the call. Fran is excited to go through the financial results. In her first year at Evolution, so many new financial records have been set,

speaker
Peter Rocchio-Connor
GM, Investor Relations

and she is delivering a bumper record dividend.

speaker
Laurie
CEO

We also announced changes to our board. Tommy McKee, who has been a director since 2014, will be retiring at our annual general meeting and John Vann will be joining the board on 1 December. Tommy has been an invaluable contributor to the board, evolution and me personally. His knowledge and enthusiasm for the industry and almost every ore body is amazing. As Jake commented in the release, it is fitting to acknowledge and recognise the lasting impact he has had on our business, culture and success. Tommy will leave an enduring legacy and we are extremely fortunate to benefit from his counsel, vision, wisdom and friendship throughout his tenure. John is a geoscientist with more than three decades of experience across global mining businesses. I'm sure he will be a valuable addition to our board and look forward to working with John when he joins us in December. Turning to the results and starting on slide three. Our record results reflect the quality of our portfolio and above all the dedication and efforts of the entire evolution team. We are generating high returns and delivering on our commitment to shareholders. The record financial performance is on the back of safe, consistent and reliable operational delivery complemented by our disciplined approach to cost and capital management. As mentioned on the quarterly call last month, we delivered FY26 safely with our total recordable injury frequency of 5.9 remaining low. Today we also released our inaugural climate report under the new reporting standard, highlighting the positive work being undertaken throughout our business to leave a lasting, sustainable legacy. A high margin business is generating significant cash flow with a record cash flow of nearly $1.4 billion. The updated dividend policy with a payout rate of targeting 60% of annual group cash flow is sector leading. This means a record final dividend of $0.21 per share. For context, the total FY26 dividend of $833 million is more than our market cap was in early 2015 when we made our first major acquisition. The multiple projects at North Parks, Ernest Henry and Cal will generate high returns and further improve the quality of the portfolio when completed. We are set to continue our safe, reliable performance in FY27 with guidance expected to sustain our high margin, high cash generation position. I will cover the guidance details later in the course. Moving to slide four. This slide demonstrates our disciplined allocation of capital to drive sustained high returns. Our balance sheet supports our strategy through the cycle, be that for value accretive acquisitions, high returning organic growth investment or dividends. We adapt our allocation depending on market situations and the different stages of our mine plans. It is always done with a view to maximise our shareholder returns. While we've been mainly focused on advancing our organic growth pipeline in the past couple of years, we have not ignored accretive deals or our shareholders. Over the past year, the allocation of funds between organic growth opportunities and dividends is almost a 50-50 split at around $830 to $850 million for each of them. We have also done accretive deals. At approximately $250 million, this is smaller in scale than normal, yet they are just as important to the portfolio. It clearly shows that we have the capacity and flexibility to allocate into all three areas to sustain the high returns for shareholders, which Fran will demonstrate. With that, I'll hand over to Fran.

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Investor presentation