Slide 1: First Quarter 2022 Financial and Operating Results
FIRST QUARTER 2022 FINANCIAL AND OPERATING RESULTS Australia: April 29, 2022 North America: April 28, 2022 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, sec
Slide 3: First Quarter 2022 Highlights
FIRST QUARTER 2022 HIGHLIGHTS Strong Start to the Year Record quarterly Generated $63 29% reduction in revenue and million in free net debt. record cash flow. Period end quarterly EBITDA. gearing of 9%. Haile produced a Didipio achieved quarterly record full underground of 60,249 gold mining rate ou
Slide 4: Consolidated Overview
CONSOLIDATED OVERVIEW Solid quarter of operational performance Q1 2022 Q4 2021 Q1 2021 TRIFR (12-MMA) per million work hours 3.0 3.4 3.9 GOLD PRODUCTION koz 134.0 106.6 83.2 GOLD SALES koz 129.2 105.3 82.8 GOLD PRICE RECEIVED koz 1,915 1,806 1,786 COPPER PRODUCED kt 3.5 2.3 - COPPER SALES kt 3.7 1.7
Slide 5: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE Generated strong free cash flow PROFIT AND LOSS Q1 2022 Q4 2021 Q1 2021 Revenue US$M 285.7 208.5 148.9 • Revenue increased 37% QoQ and 92% YoY EBITDA US$M 158.0 88.7 62.0 • EBITDA increased 78% QoQ and 155% YoY NPAT US$M 78.6 (96.0) 16.0 • Adjusted EPS increased 175% QoQ
Slide 6: Capital Investments
CAPITAL INVESTMENTS Advancing organic growth projects CONSOLIDATED Q1 2022 Q4 2021 Q1 2021 2022 Guidance General Operating US$M 15.1 11.0 8.2 100 - 115 Pre-strip & Capitalised Mining US$M 30.8 30.4 16.3 145 - 160 Growth Capital US$M 17.0 30.3 39.0 70 - 90 Exploration US$M 5.8 6.6 5.8 20 - 30 TOTAL U
Slide 7: Strong Balance Sheet Underpins Growth and Future Shareholder Returns
STRONG BALANCE SHEET UNDERPINS GROWTH AND FUTURE SHAREHOLDER RETURNS REDUCTION IN NET DEBT STRONG BALANCE SHEET METRICS REDUCTION Q on Q GEARING LEVERAGE RATIO NET DEBT $168m 29% 9% 0.4 x INVEST IN HIGH-RETURN STRENGHTEN THE BALANCE RECOMMENCE DIVIDENDS GROWTH SHEET BY REDUCING DEBT TO SHAREHOLDERS
Slide 8: Haile First Quarter 2022
HAILE FIRST QUARTER 2022 Record quarterly production achieved Q1 2022 Q4 2021 Q1 2021 TRIFR (12-MMA) per million work hours 2.0 2.7 3.0 GOLD PRODUCTION koz 60.2 42.5 44.3 GOLD SALES koz 54.5 46.5 45.2 CASH COSTS US$/oz 567 636 773 SITE AISC US$/oz 1,070 1,161 994 OPERATING PHYSICALS MATERIAL MINED k
Slide 9: SEIS Update
SEIS UPDATE Supplemental Environmental Impact Statement (SEIS) Facilitates: • Development of underground mine • Larger mine footprint for additional Potential Acid Generating (PAG), overburden and Tailings Storage Facilities Final 30-Day SEIS Draft Public State Record SEIS Notice Permits of Period D
Slide 10: Didipio First Quarter 2022
DIDIPIO FIRST QUARTER 2022 Achieved full underground mining rates in March – ahead of plan Q1 2022 Q4 2021 Q1 2021 TRIFR (12-MMA) per million work hours 0.5 0.9 - GOLD PRODUCTION koz 29.4 14.9 - COPPER PRODUCTION kt 3.5 2.3 - GOLD SALES koz 29.8 10.7 - COPPER SALES kt 3.7 1.7 - CASH COSTS US$/oz 26
Slide 11: Macraes First Quarter 2022
MACRAES FIRST QUARTER 2022 Building on a strong operational performance Q1 2022 Q4 2021 Q1 2021 TRIFR (12-MMA) per million work hours 7.8 6.4 5.2 GOLD PRODUCTION koz 37.6 37.4 34.5 GOLD SALES koz 38.2 36.6 34.5 CASH COSTS US$/oz 1,005 1,188 818 SITE AISC US$/oz 1,394 1,469 1,335 OPERATING PHYSICALS
Slide 12: Waihi First Quarter 2022
WAIHI FIRST QUARTER 2022 Comprehensive grade control drill program underway Q1 2022 Q4 2021 Q1 2021 TRIFR (12-MMA) per million work hours 3.0 6.2 10.5 GOLD PRODUCTION koz 6.8 11.9 4.3 GOLD SALES koz 6.6 11.5 3.1 CASH COSTS US$/oz 1,692 1,142 972 SITE AISC US$/oz 2,950 1,845 702 OPERATING PHYSICALS M
Slide 13: Unchanged 2022 Guidance
UNCHANGED 2022 GUIDANCE 2022 PRODUCTION & COST GUIDANCE HAILE DIDIPIO WAIHI MACRAES CONSOLIDATED GOLD PRODUCTION koz 150 – 160 100 – 110 55 – 70 140 – 155 445 – 495 COPPER PRODUCTION kt - 11 – 13 - - 11 – 13 ALL IN-SUSTAINING COSTS $/oz 1,500 – 1,600 500 – 600 1,375 – 1,475 1,300 – 1,400 1,275 – 1,3
Slide 14: A Focus on Delivering Shareholder Value
A FOCUS ON DELIVERING SHAREHOLDER VALUE Key priorities Safely and responsibly delivering production Execute on business plans and manage risks Optimise production and reduce costs to maximise FCF generation Investing in high-value growth and exploration capability to deliver attractive returns Haile
Slide 15: Corporate Headquarters
Corporate Headquarters Level 3, 99 Melbourne St. South Brisbane Qld, 4101 Australia T: +61 3 9656 5300 F: +61 3 9656 5333 ir@oceanagold.com oceanagold.com