AngloGold Ashanti plc(AU) - 2020 Q3 - Earnings Call Presentation

Financial Performance - The company's Adjusted EBITDA increased by 72% year-on-year to $803 million[13, 14, 26] - Free cash flow increased significantly by 290% year-on-year to $339 million[14, 25] - Adjusted net debt decreased by 47% to $875 million, resulting in an improved Adjusted net debt to Adjusted EBITDA ratio of 036 times[14, 26, 40] Production and Costs - Q3 2020 production was 837,000 ounces from continuing and discontinued operations[13, 14] - All-in Sustaining Costs (AISC) were $1,044 per ounce, with an AISC margin improvement to 45% from 30% in Q3 2019[12, 13] - COVID-19 had an impact of 18,000 ounces on Q3 2020 production[13] and an estimated $51/oz impact on AISC, around 5%[26] Strategic Developments - The company completed the South African asset sale, receiving an initial $200 million[14, 45] - A $700 million 10-year bond offering was completed at a coupon of 375% per annum[14, 45] - The dividend payout ratio was doubled to 20% of free cash flow pre-growth capital, to be paid semi-annually[14, 20] Operational Highlights - The All Injury Frequency Rate (AIFR) improved by 31% to 223, an all-time low for the company[8, 13] - Obuasi production increased by 52% quarter-on-quarter to 47,000 ounces, with Phase 2 completion on track for the end of Q1 2021[13, 50, 76] - Boston Shaker underground achieved commercial production[13, 60, 62]