Endeavour Mining Results Presentation Deck
ATTRACTIVE SHAREHOLDER RETURNS PROGRAMME
Minimum progressive dividend provides visibility during growth phase
Cumulative Shareholder Returns Programme
SHAREHOLDER RETURNS POLICY
> In 2021, Endeavour implemented a shareholder
returns programme that is composed of a
minimum progressive dividend of:
FY-2021: $125m (whereas $140m was paid
inclusive of excess returns)
FY-2022: $150m
- FY-2023: $175m
> The minimum commitment dividend may be
supplemented with additional dividends and
buybacks, provided that the prevailing gold price
remains above $1,500/oz and that Endeavour's
leverage remains below 0.5x Net Debt / adjusted
EBITDA
During Q1-2021, Endeavour paid its H2-2021
dividend of $70m ($0.28 per share), totalling
$140m ($0.56 per share) for FY-2021, which
represents $15m more than the minimum
dividend commitment
> In Q1-2022, EDV bought back 1.3 million shares
for $31m. To date, a total of 7.4 million shares
have been repurchased for a sum of $169m since
the start of the buyback programme on 9 April
2021
$200m
$169m
Cumulative
Dividends
Cumulative
Buybacks
paid to-date made to-date
$369m
Cumulative
returns
to-date
+$150m
www
FY-2022
+$175m:
FY-2023
Minimum Dividend
Commitment
ENDEAVOUR
MINING
$694m
+ excess returns
Minimum
Expected
Returns
(FY 2020-2023)
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