Endeavour Mining Investor Presentation Deck slide image

Endeavour Mining Investor Presentation Deck

NET EARNINGS FROM CONTINUING OPERATIONS Adjusted EPS increased in Q1-2022 compared to Q4-2021 INSIGHTS 1. Corporate costs decreased during the quarter primarily due the cessation of costs associated with corporate integration and the LSE listing that were previously incurred. 2. The loss on financial instruments was $179m million in Q1-2022 mainly due to an unrealised loss on gold forward sales of $79m and an unrealised loss on gold collars of $44m. In addition, the loss included a foreign exchange loss of $20m, an unrealised loss on the revaluation of the conversion option on convertible notes of $18m, a realised loss on gold forward sales of $7m, a loss on change in fair value of the call rights of $4m, a loss on early redemption feature of senior notes of $4m, and a loss on change in fair value of warrant liabilities of $3m. 3. For Q1-2022, current income tax increased to $75m due largely to increased tax expenses at Mana which were due to an increase in taxable income relative to a reduction in tax provisions in Q4-2021 and at Sabodala-Massawa where a tax expense related to the start-up of mining at the Massawa pits was incurred. (in $ million) A = Adjustments made for Adjusted Net Earnings EARNINGS FROM CONTINUING MINE OPERATIONS Corporate costs A Acquisition and restructuring costs Impairment charge of mining interests Share based compensation Exploration costs EARNINGS FROM CONTINUING OPERATIONS A (Losses)/gains on financial instruments Finance costs Other income (expenses) A Current income tax expense Deferred taxes recovery (expense) TOTAL NET AND COMPREHENSIVE EARNINGS (LOSS) FROM CONT. OPS Add-back adjustments¹ ADJUSTED NET EARNINGS/(LOSS)² Portion attributable to non-controlling interests² ADJUSTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS² 1 2 3 ENDEAVOUR (1) Other adjustments not annotated (A) on this slide are non-cash and other adjustments (2) Additional notes available in Endeavour's Management Report. (3) adjusted for continuing operations MINING 3 MONTHS ENDED 31 March, 2022 276 (14) (8) (7) 247 (179) (15) (2) (75) (11) (35) 180 145 22 0.49 31 December, 2021³ 203 (20) (1) (248) (7) (5) (78) 19 (25) (3) (38) 34 (92) 235 142 (6) 0.59 40
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