DRDGOLD : HY2025 presentation

Presentation of

RESULTS

for the six months ended 31 December 2024

Niël Pretorius

Chief Executive Officer

Riaan Davel

Chief Financial Officer

Results for the six months ended 31 December 2024 / Page 3

CONTENTS

1	Our purpose and Vision 28	Slide 5	4	Sustainable development performance	Slide 22
	Setting up for the next phase	Slide 6			Environmental performance	Slide 23
	Solar plant completion	Slide 7			Social performance	Slide 24
	Capital infrastructure	Slide 8			Governance	Slide 25
2	Operating performance	Slide 10	5	Looking ahead	Slide 26
	Ergo operating trends	Slide 11			Outlook	Slide 27
	FWGR operating trends	Slide 12			Delivering on our purpose	Slide 28
	Group operating trends	Slide 13			Contact us	Slide 29
3	Financial performance	Slide 14
	Ergo financial results	Slide 15
	FWGR financial results	Slide 16
	Group financial results	Slide 17
	Financial review: P&L	Slide 18
	Financial review: SFP	Slide 19
	Financial review:SCF	Slide 20
	Share price	Slide 21

Results for the six months ended 31 December 2024 / Page 4

PERFORMANCE AT A GLANCE

as at 31 December 2024

18th consecutive financial year of dividends: lnterim cash dividend of 30 cps

Financial

Operational

Sustainable development

Revenue	Operating profit
R3 802.3m	R1 578.7m
28% increase	74% increase

26%	Headline
earnings
increase
R970.1m
in the average Rand
gold price received to	65% increase
R1 478 663/kg
Capital expenditure
R947.6m
(HY1 FY2024: R1 074.7m)

Production

2 564kg

1% increase

Throughput

12.9Mt

16% increase

Cash operating costs of

R866 221/kg

6% increase

All-in sustaining costs margin

of 35%

Average yield

0.199g/t

(HY1 FY2024: 0.228g/t)

Rand per tonne (R/t)

R172

9% decrease

Solar plant and battery energy storage system practically commissioned

Electricity	Potable water
consumption	consumption

141 333MWh	551 MI
16% decrease	3% increase
Hectares	Dust exceedances
vegetated	increased
28ha	to 3.7%
(HY1 FY2024: 15ha)	of total number of
	measurements

No fatalities

Section 1

Our purpose and Vision 28

Results for the six months ended 31 December 2024 / Page 6

Positioning for the next phase: Vision 28

Vision 28: capital infrastructure	3mtpm	6tpa
development designed for
FY2028 and beyond	Tonnage throughput	Gold production

fund Ergo 2.0	1.650mtpm
Depleted Ergo sites replaced to
	Interim throughput capacity

FWGR Phase II expansion underway

0.6mtpm to 1.2mtpm

To make this a reality, we are pursuing our aggressive capital reinvestment programme to create the capacity infrastructure to

realise our Vision for FY2028 and beyond

Results for the six months ended 31 December 2024 / Page 7

PRACTICAL COMPLETION OF OUR SOLAR PLANT AT ERGO

A milestone in sustainable energy

Advancing circularity, optimising costs and strengthening energy security

2020

2021

2022

2023

2024

Conceptualisation	Feasibility study and	Completion of
and planning	regulations	feasibility study and
			commencement
• Exploring solar	•	Regulatory	•	Definitive feasibility
power as a backup		approval		study completed
amid ongoing	•	Ongoing definitive	•	Commencement of
energy crises and		feasibility study		Phase 1 of the solar
disruptions				project at Ergo
			•	Installation of
				medium voltage grid
				connection

Continuous capital	Enhancing operational efficiency, sustainability
investment and	and reducing electricity costs
approval of Phase 2
•	Phase 2 60MW	•	Solar plant and BESS	• To contribute
	solar project		practically	approximately half of
	approved		commissioned	Ergo's energy
•	Battery energy	•	Formal grid	consumption in FY2025,
	storage system		connection certificate	reducing Ergo's electricity
	(BESS) of 160MWh		received	costs by R9-R15/t

approved

Results for the six months ended 31 December 2024 / Page 8

CAPITAL INFRASTRUCTURE DEVELOPMENTS TO REALISE VISION 2028

Enabling production capacity growth and operational resilience

WITHOK TSF RECOMMISSIONING AT ERGO

First public consultation for the recommissioning of the Withok TSF completed in December 2024.

Scoping documents in support of environmental authorisations to the DMRE submitted and commenced a water use license application to the DWS.

July 2025 - submission of all required final documents.

Results for the six months ended 31 December 2024 / Page 9

CAPITAL INFRASTRUCTURE DEVELOPMENTS TO REALISE VISION 2028 continued

Enabling production capacity growth and operational resilience

PHASE II PROJECT AT FWGR

Regional Tailings Storage Facility (RTSF)

Construction of the RTSF progressing well since work started.

2 million m3 of ground moved to date.

To commence installation of the liner for the facility.

Extensive Pipeline Infrastructure

Approximately 13km of residue pipelines and water pipelines installed.

Driefontein 2 Plant expansion

Civil works on the expansion of Driefontein 2 Pant progressing well and majority of earthworks have been completed.

Contractor appointed to commence with Structural, Mechanical Installation, Plate work and Piping (SMPP) on site.

Section 2

Operating performance