Gold Fields Limited · JSE:GFI
Gold Fields — Diggers & Dealers Conference 2022
22 slides from Gold Fields's conference presentation, August 2022
Slide 1: Diggers & Dealers Conference 2022
Solar panels a Granny Smith mine in Western Australia Diggers & Dealers Conference 2022 Chris Griffith: Gold Fields CEO
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward-looking statements in this document include
Slide 3: Premier gold mining assets in W. Australia
Premier gold mining assets in W. Australia • Cornerstone of Gold Fields’ global portfolio • 1.0Moz gold production per annum • 42% of Group production in 2021 • 51% of Group mine cash flow in 2021 • High quality portfolio of assets • Lowest cost gold producer in Australia • Strong track record of de
Slide 4: Australia is the cornerstone of Gold Fields' global portfolio
Australia is the cornerstone of Gold Fields’ global portfolio FY 2021 Snapshot 2021 gold production contribution Gold Fields Group Americas: Mines: 9 South 11% Projects: 1 Africa: 12% Countries: 5 Att. production: 2,340koz Australia: AIC: US$1,297/oz 42% Mine net cash flow: US$913m Free cash flow**:
Slide 5: The lowest cost gold producer in Australia
The lowest cost gold producer in Australia koz Comparison of Australian gold producers: Gold produced in 2021 2000 1800 1600 1400 1200 1000 800 600 400 200 0 Ramelius Silver Lake West Gold St Barbara Regis AngloGold Evolution Gold Fields Newmont Northern Star Newcrest Australia A$/oz Comparison of A
Slide 6: With a track record of delivery
With a track record of delivery koz Gold Fields Australia region production: actual vs. guidance A$/oz Gold Fields Australia region AIC: actual vs. guidance 1200 1800 1600 1000 1400 800 1200 1000 600 800 400 600 400 200 200 0 0 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 Guidance Act
Slide 7: LoM visibility greater than 10 years in Australia
LoM visibility greater than 10 years in Australia Production Initial Since Reserve Reserve • Investing A$80m-100m/per year in exploration Mine Reserve 2021 Multiplier (Moz)* Purchase (Moz)*** **** (last 6 years) (Moz)** • Replaced and grown reserves St Ives 2.3 9.5 2.4 4.2x • Conversion cost at c.A$
Slide 8: Brownfields success at St Ives: Invincible continues to expand
Brownfields success at St Ives: Invincible continues to expand 6539700N 6541300N 6542800N 6544300N 6545800N N Invincible North Invincible Invincible South S Dolerite Dyke 0m RL Invincible Footwall Drake -750m RL open Invincible Invincible South Mudstone Invincible Deeps Extensions Footwall target Mu
Slide 9: And at Agnew: Waroonga continues to grow at depth
And at Agnew: Waroonga continues to grow at depth… North Saint Target FBH Everton Extension Target WN Extension Kath Extension Drill drives required for Multiple open ore zones FBH & Everton Drill drive and access Reserve conversion for reserves conversion Gold Fields | Diggers & Dealers conference
Slide 10: And a new zone is opening at Redeemer
…And a new zone is opening at Redeemer N S Barren Lands Open Pit Zone 2 UG Resource Redeemer Complex Zone 2 south target Barren Lands Underground Zone 2 UG target open open Redeemer Zone 2 drill drive open to commence in H1 2023 Redeemer North UG Resource Redeemer North UG target open open • Barren
Slide 11: Setting the ESG benchmark: Gold Fields' 2030 ESG targets
Setting the ESG benchmark: Gold Fields’ 2030 ESG targets 1 DECARBONISATION 2 TAILINGS MANAGEMENT 3 WATER STEWARDSHIP • 50% absolute emission and 30% net • Conformance to the Global Industry • 80% water recycled/reused emission reductions from 2016 baseline Standard on Tailings Management • 45% reduc
Slide 12: Decarbonisation: Group targets and performance
Decarbonisation: Group targets and performance • 50% absolute emission and Key developments – 2021/2022 2030 30% net emission reductions from 2016 baseline (Scope 1 and 2) • South Deep 50MW plant on track for completion in Q3 2022 targets • License received to expand South Deep solar plant capacity
Slide 13: Gold Fields GHG emissions profile 2030
Gold Fields GHG emissions profile 2030 Impact of “core” initiatives (kt CO2e) 30% by 2030 reduction only possible with series of additional abatement initiatives to offset anticipated growth in emissions -54% 2395 31 264 702 759 120 55 26 28 28 1693 23 23 49 48 33 13 73 78 2030 Target 482 306 1185 8
Slide 14: Our decarbonisation journey in Australia so far
Our decarbonisation journey in Australia so far 13% annualised regional net emissions reduction Granny Smith Agnew Gruyere • 8MW solar, 2MW/1MWh BESS, • 16MW wind, 4MW solar, • 12MW solar, 4.4MW/4.4MWh 35MW gas, 5MW diesel 13MW/4MWh BESS, 18MW gas, BESS, 53MW gas, 3MW diesel 3MW diesel • Renewables
Slide 15: Zero Emissions Vehicle (ZEV) trials to replace diesel
Zero Emissions Vehicle (ZEV) trials to replace diesel Proof of concept ZEV truck & LHD trials • ZEV truck and LHD trials have commenced this year at our St Ives and Granny Smith mines in WA • A Sandvik LH518B ZEV loader is set to start trials at South Deep later this year St Ives Sandvik 18T Battery
Slide 16: Yamana acquisition: A combination for long term value creation
Yamana acquisition: A combination for long term value creation
Slide 17: Why We Are Acquiring Yamana
Why We Are Acquiring Yamana What We See Why This Deal ▪ Gold Fields has consistently invested to grow the value Winning Combination and quality of its portfolio ▪ Complementary portfolios greater than the sum of its parts ▪ We have strong conviction in our ability to deliver superior value from Yama
Slide 18: Why We Believe Yamana is a Strong Strategic Fit
Why We Believe Yamana is a Strong Strategic Fit Our Screening Criteria 41 1 Asset Quality (LoM + AISC) ✓ Canadian Malartic – top 10 asset globally(1) ✓ Jacobina – one of the lowest cost gold mines in the Americas ✓ Robust free cash flow generation 2 Grow Cash Flows ✓ Growth initiatives identified/un
Slide 19: Australia remains a leading contributor in the combined portfolio
Australia remains a leading contributor in the combined portfolio North America South America Africa Australia 2021 Attr. AuEq 2021 Attr. AuEq 2021 Attr. AuEq 2021 Attr. AuEq Production Production Production Production 0.4Moz 0.9Moz 1.1Moz 1.0Moz GHANA Cerro Corona BRAZIL PERU Jacobina AUSTRALIA CAN
Slide 20: Strategically Aligned Assets and Capabilities
Strategically Aligned Assets and Capabilities Commentary 6 St Ives; Granny Smith; Malartic (Odyssey); Underground mining – core expertise ▪ Core expertise within Gold Fields Agnew; South Deep Jacobina; El Peñón Salares Norte; Gruyere; Canadian Malartic; ▪ Proven recent experience in developing Devel
Slide 21: Canadian Malartic: Opportunity to transfer our experience in mining orogenic orebodies
Canadian Malartic: Opportunity to transfer our experience in mining orogenic orebodies One of the largest gold mines in a Tier-1 jurisdiction with significant growth potential Gold Fields’ Value Add ▪ Enhanced financial capacity for continued investment to capture upside Depth Below ▪ Agnico Eagle g
Slide 22: THANK YOU
THANK YOU Questions? 22