Newcrest Mining : Appendix 4D and Financial Report ended 31 Dec 2021

ASX Appendix 4D &

Financial Report

For the half year ended 31 December 2021

For personal use only

ASX Appendix 4D and

Financial Report

Newcrest Mining Limited and Controlled Entities

TABLE OF CONTENTS

only	A.	ASX Appendix 4D - Results for Announcement to the Market
B.	Directors' Report
C.	Management Discussion and Analysis
D.	Financial Statements
E.	Independent Review Report
For personal use

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For personal use only

ASX APPENDIX 4D

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Newcrest Mining Limited

ASX Code: NCM

Reporting period:	Half Year ended 31 December 2021
Corresponding period:	Half Year ended 31 December 2020
	6 months	6 months	Percentage
	31 Dec 21	31 Dec 20	increase/
	US$ million	US$ million	(decrease)
Revenue	1,715	2,172	(21%)
Net profit attributable to members of the parent entity
('Statutory Profit')	298	553	(46%)
		6 months ended 31 Dec 21
		Amount	Amount franked
Dividend Information		per share	per share
		US cents	US cents
Interim dividend		7.5	7.5
Record date for determining entitlement to interim dividend		28 February 2022
Date interim dividend payable		31 March 2022

The Directors have determined to pay an interim dividend for the half year ended 31 December 2021 of US 7.5 cents per share, which will be fully franked.

The Dividend Reinvestment Plan ('DRP') remains available and will be offered to shareholders at a price determined by the volume weighted average price of shares traded on the ASX over the period 2 March to 8 March 2022. No discount applies to the DRP. Shareholders have until 5pm AEDT on 1 March 2022 to change their DRP election for the interim dividend.

	31 Dec 21	31 Dec 20
Net Tangible Assets	US$	US$
Net tangible assets per share (1)	12.13	11.73

1. Net tangible assets includes right-of-use assets with a carrying value of US$62 million (31 December 2020: US$54 million).

Review of Results

Refer to the Management Discussion and Analysis ('MD&A') on page 5 for a review of the results and operations. This Half Year Financial Report should be read in conjunction with the most recent annual financial report.

Review Report

This Half Year Financial Report has been subject to review by the Company's external auditor.

Newcrest Mining Limited - Financial Report - Half Year Ended 31 December 2021

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DIRECTORS' REPORT

For personal use only

The Directors present their report together with the consolidated financial statements of the Newcrest Mining Limited Group, comprising of Newcrest Mining Limited ('the Company') and its controlled entities ('Newcrest' or 'the Group'), for the half year ended 31 December 2021.

Directors

The Directors of Newcrest Mining Limited during the half year ended 31 December 2021 and up to the date of this report are set out below. All Directors held their position as a Director throughout the entire half year and up to the date of this report unless otherwise stated.

Peter Tomsett	Non-Executive Director and Non-Executive Chairman (1)
Sandeep Biswas	Managing Director and Chief Executive Officer
Philip Aiken AM	Non-Executive Director
Roger Higgins	Non-Executive Director
Sally-Anne Layman	Non-Executive Director
Jane McAloon	Non-Executive Director (appointed on 1 July 2021)
Vickki McFadden	Non-Executive Director
Peter Hay	Non-Executive Director and Non-Executive Chairman (2)
Gerard Bond	Finance Director and Chief Financial Officer (3)

1. Appointed as Non-Executive Chairman on 10 November 2021.
2. Retired as Non-Executive Director and Non-Executive Chairman on 10 November 2021.
3. Retired as Finance Director on 8 December 2021.

Principal Activities

The principal activities of the Group during the period were exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. There were no significant changes in those activities during the period.

Consolidated Result

The profit after tax attributable to Newcrest shareholders ('Statutory Profit') for the half year ended 31 December 2021 was US$298 million (31 December 2020: US$553 million).

Refer to the Management Discussion and Analysis ('MD&A') on page 5 for a review of the results and operations. The MD&A forms part of this Directors' Report. The financial information in the MD&A includes non-IFRS financial information. Explanations and reconciliations of non-IFRS financial information to the financial statements are included in Section 6 of the MD&A.

Dividends

During the half year, the Company paid a final dividend for the year ended 30 June 2021 of US 40 cents per share, which was fully franked. The dividend was paid on 30 September 2021. The total amount of the dividend was US$327 million. Participation in the dividend reinvestment plan reduced the cash amount paid to US$315 million.

Newcrest Mining Limited - Financial Report - Half Year Ended 31 December 2021

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For personal use only

DIRECTORS' REPORT

Subsequent Events

Dividends

Subsequent to the reporting period, the Directors have determined to pay an interim dividend for the half year ended 31 December 2021 of US 7.5 cents per share, which will be fully franked. The dividend will be paid on 31 March 2022. The total amount of the dividend is US$61 million based on Newcrest's existing issued capital as at 31 December 2021. This dividend has not been provided for in the 31 December 2021 financial statements.

Acquisition of Pretium Resources Inc

On 9 November 2021, Newcrest announced that it had entered into an agreement to acquire all of the issued and outstanding common shares of Pretium Resources Inc. (Pretivm) that it does not already own, by way of a Canadian Plan of Arrangement (the Plan).

Subsequent to the reporting period, on 20 January 2022, Pretivm shareholders and option holders (Securityholders) voted overwhelmingly in favour of the Plan at the Pretivm Securityholders meeting. The Plan has also been approved by the Supreme Court of British Columbia and Newcrest has received clearance from the State Administration of Market Regulation pursuant to the Anti Monopoly Law of China.

Completion of the transaction remains subject to approval under the Investment Canada Act. Newcrest expects the transaction to be completed during the March 2022 quarter.

Rounding of Amounts

Newcrest Mining Limited is a company of the kind referred to in ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191 and in accordance with that Instrument, amounts in the Directors' Report and the Financial Report are rounded to the nearest million dollars except where otherwise indicated.

Auditor's Independence Declaration

A copy of the Auditor's Independence Declaration as required under the Corporations Act 2001 is set out on the following page.

Signed in accordance with a resolution of the Directors

Peter Tomsett	Sandeep Biswas
Chairman	Managing Director and Chief Executive Officer
17 February 2022
Melbourne

Newcrest Mining Limited - Financial Report - Half Year Ended 31 December 2021

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