Investor Presentaiton slide image

Investor Presentaiton

Growing cash generation, balance sheet flexibility One of the key differentiators of the Northern Star business is our balance sheet; this strength has allowed for counter cyclical acquisitions and sector leading returns to Shareholders Post KCGM acquisition moderate gearing levels as at 31 March 2020; 11% net debt to equity* allowing funding of opportunistic organic or inorganic growth opportunities The business has available cash/liquid resources of A$551M at 31 March 2020 Despite deferral of CY20 hedges (to CY21), NST continues to deliver into the hedge book Total Liquidity as at 31 March 2020 Hedge Profile NORTHERN STAR SESOURCES LIMITED Investments A$20.6M Total Funding Capacity A$551M 300 Cash & Bullion -A$530.8M 250 NST continues to *Net debt is calculated as: Borrowings (less amounts recognised from change in lease accounting standard) less cash and bullion as at 31 March, divided by shareholders equity. balances are unaudited and provisional in respect of KCGM. koz 200 150 100 50 deliver into hedges, despite CY21 deferral H. 2,200 2,150 2,100 2,050 2,000 0 1,950 Jun-20 Half Dec-20 Half Jun-21 Half Dec-21 Half Jun-22 Half Dec-22 Half Hedge Ounces AUD Hedge Price/oz Average Hedge Price 7 AUD Gold Price
View entire presentation