DECEMBER 2021 INVESTOR PRESENTATION
Disciplined Capital Allocation Priorities
N
TM
INVESTING IN ORGANIC
GROWTH
RETURNING CASH TO
SHAREHOLDERS
0
ass)
($C
MAINTAINING FINANCIAL
FLEXIBILITY
Sustaining capital of ~$1B per year
Average attributable development capital
of $600M to $800M per year
Exploration & advanced projects
investment of ~$400M per year
Industry-leading dividend framework
$1B share repurchase program to be
used opportunistically*
On track to return >$2B to shareholders
through dividends and share buybacks in
2021*
Liquidity of $7.6B and cash position of $4.6B
at Q3
Net debt to adjusted EBITDA** ratio of 0.2x
Optionality in the balance sheet with a
weighted average cost of debt at 4.3%
*See endnote re returns to shareholders and cautionary statement; returns include dividends and share repurchases **See endnotes
Resilient and Flexible Capital Structure Across Cycles
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
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