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ASX Announcement 17 February 2021 Evolution MINING ABN 74 084 669 036 Sydney Office P +61 2 9696 2900 F +61 2 9696 2901 Level 24 175 Liverpool Street Sydney NSW 2000 www.evolutionmining.com.au FY21 HALF YEAR FINANCIAL RESULTS AND INTERIM DIVIDEND Evolution Mining Limited ( ASX : EVN ) has today reported a record half - year statutory net profit after tax of A $ 228.7 million and record underlying net profit after tax of A $ 235.5 million for the six months ended 31 December 2020 ( " the half - year " ) . As a result of this strong financial performance , a fully franked interim dividend of 7.0 cents per share , totalling A $ 119.6 million , has been declared . Key highlights for the half - year included : - Records set in each of the following metrics : ■ Statutory net profit after income tax increased 55 % to A $ 228.7 million ( H1 FY20 : A $ 147.2M ) Underlying net profit after income tax increased 57 % to A $ 234.0 million ( H1 FY20 : A $ 149.1M ) EBITDA increased 17 % to A $ 514.6 million ( H1 FY20 : A $ 441.2M ) For personal use only • Mine operating cash flow increased 4 % to A $ 531.2 million ( H1 FY20 : A $ 511.8M ) • • • ■ Net mine cash flow increased 1 % to A $ 353.9 million ( H1 FY20 : A $ 351.8M ) Group free cash flow generated was A $ 218.1 million ( H1 FY20 : A $ 242.2M ) EBITDA margin increased to 52 % ( H1 FY20 : 49 % ) Mineral Resources increased 74 % year - on - year to 26.4 million ounces ( 31 December 2019 : 15.2Moz ) 1 Ore Reserves increased 49 % year - on - year to 9.9 million ounces ( 31 December 2019 : 6.6Moz ) 1 Gold production of 350,326 ounces at an All - in Sustaining Cost of A $ 1,182 per ounce² ( US $ 854 / oz ) ³ Cash position increased to A $ 438.1 million ( 31 December 2019 : A $ 170.3 million ) Bank debt outstanding of A $ 525.0 million resulting in net bank debt position of A $ 86.9 million Fully franked interim dividend declared based on Evolution's policy of a percentage of group free cash flow , targeting a 50 % payout rate : The Group has declared a fully franked interim dividend of 7.0 cents per share for the half - year ( 31 December 2019 : 7.0 cents per share ) . ■ - • Dividend amount - 7.0 cents per share fully franked Ex - dividend date - 1 March 2021 Record date – 2 March 2021 Payment date - 26 March 2021 Nil Conduit Foreign Income ( CFI ) component 1 . 2 . 3 . See ASX release entitled " Annual Mineral Resources and Ore Reserves Statement " released on 17 February 2021 for details on Mineral Resources and Ore Reserves , available to view at www.evolutionmining.com.au AISC ( All - in Sustaining Costs ) includes C1 cash cost , plus royalties , plus sustaining capital , plus general corporate and admin expense . Calculated on a per ounce sold basis All USD values in this release have been calculated using the average AUD : USD exchange rate for the half - year of A $ 0.7227 Evolution Mining Limited