En+ Group Investment Presentation

En+ Group Statement of Cash Flows Statement of cash flows USD mn OPERATING ACTIVITIES Profit for the year Adjustments for: Depreciation and amortization Impairment of non-current assets Foreign exchange loss/(gain) Gain on disposal of property, plant and equipment Six months ended 30-June-2021 30-June-2020 2,231 20 Statement of cash flows (cont'd) USD mn INVESTING ACTIVITIES Proceeds from disposal of property, plant and equipment Acquisition of property, plant and equipment Ent GROUP Six months ended 30-June-2021 30-June-2020 11 12 (682) (483) 429 Acquisition of intangible assets (11) (9) 384 Cash received from/(paid for) other investments 130 (35) 71 67 Cash paid for investment in equity securities measured at fair value through 50 (73) (291) profit and loss (1) (1) Interest received 23 36 Share of profits of associates and joint ventures (1,169) (26) Dividends from associates and joint ventures 618 790 Gain on partial disposal of investment in asscociate (492) Dividends from financial assets 14 5 Interest expense 331 424 Proceeds from partial disposal of associate 1,421 Interest income (22) (35) Acquisition of a subsidiary (21) (1) Change in fair value of derivative financial instruments 235 (12) Contributions/(return of contributions) to associates and joint venture (3) 9 Change in restricted cash 1 Revaluation of investments measured at fair value through profit (13) and loss Cash flows generated from investing activities 1,209 325 Dividend income (2) FINANCING ACTIVITIES Income tax expense 242 6 Proceeds from borrowings 1,211 2,104 Repayment of borrowings (1,541) (577) Write-down of inventories to net realisable value 4 9 Acquisition of own shares (1,579) Impairment of trade and other receivables 69 Restructuring fees (27) (14) Operating profit before changes in working capital and provisions 1,963 763 Interest paid (324) (423) (Increase)/decrease in inventories (Increase)/decrease in trade and other receivables (439) (302) Settlement of derivative financial instruments (65) (84) 85 Cash flows used in financing activities (746) (573) 249 Net change in cash and cash equivalents 1,623 385 Increase/(decrease) in trade and other payables and provisions 137 (325) Cash flows generated from operations before income taxes paid Income taxes paid 1,359 772 Cash and cash equivalents at beginning of the period, excluding restricted cash 2,549 2,265 (199) (139) Effect of exchange rate fluctuations on cash and cash equivalents 13 (124) Cash flows generated from operating activities 1,160 633 Cash and cash equivalents at end of the period, excluding restricted cash 4,185 2,526 74

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