Oceanagold Corporation · TSX:OGC
Oceanagold — Investor Presentation (September 2025)
15 slides from Oceanagold's investor presentation, September 2025
Slide 1: Delivering Returns and Growth
Delivering Returns and Growth September 2025 CARE | RESPECT | INTEGRITY | PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
Cautionary Statements Cautionary Note Regarding Forward-Looking Statements This presentation contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws which may include, but i
Slide 3: Global Intermediate Gold and Copper Producer with Significant Growth Potential
Global Intermediate Gold and Copper Producer with Significant Growth Potential Mining gold for a better future Committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders Four operating mines in Tier 1 jurisdi
Slide 4: Operating and Investing in Top Quartile Jurisdictions
Operating and Investing in Top Quartile Jurisdictions1 New Zealand and the Philippines ranked as 1st and 2nd New Zealand ranked New Zealand (in Australia and Oceania)1 #12 12th overall, out of 82 jurisdictions Philippines (up from 43rd last year) Western Australia South Australia The Philippines ran
Slide 5: 2025 Guidance
Diversified Portfolio Four operating assets producing GOLD & COPPER with significant organic growth opportunities HAILE, United States of America 170-200 koz 20% 450 – 520 koz 38% DIDIPIO, Philippines 2025 GUIDANCE Gold production 85-105 koz 2025 Gold 13 – 15 kt Production1 Copper production MACRAES
Slide 6: Strong, Near-term, Organic Growth Profile
Strong, Near-term, Organic Growth Profile +20%1 Organic, low-risk, production 650 growth expected over the 620 next 2 years1 600 550 520 Gold Production (koz) 550 Grade-driven production 500 489 growth at Haile 450 450 400 Significant reduction 350 in AISC guided in 2026 300 2024 Actual 2025 Guidanc
Slide 7: Attractive Organic Growth Projects
Attractive Organic Growth Projects Project Catalyst Expected Timing1 Ledbetter 4 UG Study & Technical Report (NI 43-101) March 2026 Updated Haile Mine Plan HAILE Palomino Underground First Ore 2028 Underground optimization Technical Report DIDIPIO to achieve 2.5 Mtpa (NI 43-101) H1 2026 Potential fo
Slide 8: Waihi District PFS Highlights
Waihi District PFS Highlights OceanaGold is a safe and responsible operator with a 30-year history of exploring, operating, and developing projects in New Zealand Declared an initial Mineral Reserve at Wharekirauponga Underground of 4.1 Mt at 9.2 g/t for 1.2 million ounces of gold1 Permits are expec
Slide 9: Growing the Exploration Pipeline
Growing the Exploration Pipeline Project Status Haile Didipio Waihi Macraes 1. Horseshoe UG 1. Didipio Panel 2, 3 & 4 1. Martha UG 1. Golden Point UG Studies 1 Reserve Conversion 1. Ledbetter UG 3. True Blue 1. EG Vein (Wharekirauponga) 1. Coronation 6, 7 & 8 2 Resource Definition 4. Pisces 4. Napar
Slide 10: Increasing Cash Balance and Enhanced Shareholder Returns
Increasing Cash Balance and Enhanced Shareholder Returns Adding Cash to the Balance Sheet 299 Robust financial position 228 192 72 30 (136) (77) (82) No debt (191) (172) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Net Cash (debt) ($M) Increasing shareholder returns Returning Capital
Slide 11: Delivering Financial Strength and Attractive Shareholder Returns
Delivering Financial Strength and Attractive Shareholder Returns Significant improvement in Capital Allocation Framework financial performance since 2021 Strong financial performance Strong Share Growth Dividends provides flexibility to allocate Balance Sheet Buybacks capital Investing in developmen
Slide 12: Delivering Strong Returns on Capital
Delivering Strong Returns on Capital Free Cash Flow Yield1 Return on Capital Employed2 15% 18% 16% 12% 14% 9% 7% 6% 4% 3% FY 22 FY 23 FY 24 LTM Q1 25 LTM Q2 25 FY 22 FY 23 FY 24 LTM Q1 25 LTM Q2 25 1. Calculated as trailing 12 month Free Cash Flow over the average trailing 12 month market capitaliza
Slide 13: Attractive Relative Valuation
Attractive Relative Valuation 2026 FCF Yield1 2026 EV EBITDA2 Consensus Price/NAV 3 P/NAV NST 1.7% LUG 12.8x LUG 2.2 AGI 4.8% AGI 9.1x CDE 2.0 LUG 5.0% CDE 8.2x EVN 1.5 EVN 5.8% EVN 7.5x NGD 1.5 SSRM 6.8% K 6.9x K 1.5 CDE 7.3% DPM 6.9x PAAS 1.3 OLA 7.4% NST 6.6x AGI 1.3 CG 7.8% SSRM 6.2x OLA 1.2 K 7
Slide 14: Investment Thesis
Global intermediate gold and copper producer with deep expertise in operations, development and exploration Committed to safe and responsible mining managing our impacts and contributing to our host communities and society Investment Attractive financial outlook with significant production growth an
Slide 15: Investor Relations Contacts
Brian Martin SVP, Business Development & Investor Relations 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Haley Mayers Canada Vice President, Investor Relations +1 604 678 4123 ir@oceanagold.com Valerie Burns oceanagold.com Manager, Investor Relations