Slide 1: Q3 2021 Financial and Operational Results
Q3 2021 FINANCIAL AND OPERATIONAL RESULTS Australia: October 29, 2021 North America: October 28, 2021 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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, secu
Slide 3: Q3 2021 Highlights
Q3 2021 HIGHLIGHTS Delivering on our commitments – remains a key focus Improved Didipio Restart Haile Operations Guidance Profitability Progressing well with Strong Q3 driving upgrade Maintained Delivered adjusted net gold-copper concentrate to full year 2021 outlook. Haile and Didipio upgrades earn
Slide 4: YTD & Q3 2021 Results Overview
YTD & Q3 2021 RESULTS OVERVIEW Solid financial results driven by Haile & Didipio Q3 2021 Q2 2021 YTD 2021 YTD 2020 OPERATIONAL Operational Results YoY production increase driven by Haile, QoQ Gold Produced koz 79.2 93.8 256.2 202.5 decrease in line with expectations Gold Sales koz 97.4 95.9 276.2 21
Slide 5: Haile Operations Overview
HAILE OPERATIONS OVERVIEW Strong third quarter drives guidance upgrade Q3 2021 Q2 2021 YTD 2021 YTD 2020 2021 OUTLOOK TRIFR (12-mma) per million work hours 2.6 2.6 2.6 5.4 Gold Production koz 45.9 57.2 147.5 88.4 Increased 2021 Gold Sales 44.0 59.3 148.5 91.8 Gold production Haile Technical koz gold
Slide 6: Haile Technical Review
HAILE TECHNICAL REVIEW Achieving full potential over the life of mine DIAGNOSE SOLUTION IMPLEMENT VALUE IDENTIFICATION REALIZATION Identify and prioritize Prioritize solutions Implement Realize value opportunities based on constraints, solutions and ensure return and effort sustainability SCHEDULE M
Slide 7: Haile SEIS Update
HAILE SEIS UPDATE SUPPLEMENTARY ENVIRONMENTAL IMPACT STATEMENT (SEIS) FACILITATES: • Development of Haile Underground • Additional PAG, overburden and TSF storage • Expanded water treatment plant • Larger mine footprint 30-DAY FINAL STATE DRAFT PUBLIC SEIS PERMITS SEIS NOTICE RECORD PERIOD OF DECISI
Slide 8: Macraes Operations Overview
MACRAES OPERATIONS OVERVIEW Expecting a stronger fourth quarter of performance Q3 2021 Q2 2021 YTD 2021 YTD 2020 2021 OUTLOOK TRIFR (12-mma) per million work hours 7.2 6.5 7.2 2.3 Gold Production koz 25.7 32.7 92.9 101.9 Gold Sales koz 26.0 33.2 93.7 102.0 Gold Production Expecting stronger Cash Cos
Slide 9: Waihi Operations Overview
WAIHI OPERATIONS OVERVIEW Ramp-up of Martha Underground progressing Q3 2021 Q2 2021 YTD 2021 YTD 2020 2021 OUTLOOK TRIFR (12-mma) per million work hours 9.7 8.5 9.7 5.4 Gold Production koz 7.5 3.9 15.8 12.2 Gold Production Stronger fourth Gold Sales koz 8.3 3.4 14.9 13.5 Waihi North 30 – 35 koz quar
Slide 10: Didipio Restart
DIDIPIO RESTART Achieving full operations within 8 to 9 months 2021 GUIDANCE (1) Q4/21 Q1/22 Q2/22 Q3/22 PRODUCTION SALES COSTS (per oz sold) Ongoing Gold: 7,000 – 12,000 oz Gold: 25,000 – 30,000 oz AISC: $100 – $150 Copper: 1,000 t Copper: 4,500 – 5,000 t CC: $25 – $75 LOGISTICS • Recruitment and T
Slide 11: Didipio Restart Progress
DIDIPIO RESTART PROGRESS First UG Cuts Resumption of Crushing
Slide 12: Financial Results Overview
FINANCIAL RESULTS OVERVIEW Fourth consecutive quarter of improved profitability Q3 2021 Q2 2021 YTD 2021 YTD 2020 Revenue million $204.6 $182.6 $536.1 $331.9 PROFIT & LOSS EBITDA million $89.2 $89.9 $241.1 $68.3 Revenue increased QoQ on higher sale volumes NPAT million $44.9 $31.4 $92.3 $(154.2) inc
Slide 13: Capital Investment Overview
CAPITAL INVESTMENT OVERVIEW 2021 Investment advances organic growth projects Consolidated (USDM) Q3 2021 Q2 2021 YTD 2021 YTD 2020 General Operating 6.5 6.7 21.4 21.2 Haile Overlook Pre-strip & Capitalised Mining 39.1 30.6 86.0 53.0 Growth Capital 39.9 51.2 130.1 104.3 (1) Waihi Gold Mine Macraes Ex
Slide 14: Capital Allocation
CAPITAL ALLOCATION Focused on enhancing capital allocation program Invest in Value Prudent Balance Sheet Total Liquidity(1) Accretive Growth Management CASH UNDRAWN Projects FACILITY ORGANIC GROWTH IN TOP- TIER JURISDICTIONS PRESERVES FINANCIAL FLEXIBILITY $113m $30m Return Capital to Total Debt(1)
Slide 15: Sustainability
SUSTAINABILITY Fundamental to the Way We Do Business Health & Safety • TRIFR 3.9 → focus on principal hazards (ground stability, energy management, mobile equipment) • Maintaining strict health and safety protocols related to COVID-19 Q3 Carbon Neutral • 2030 Interim Target: Mapping energy and carbo
Slide 16: Top Corporate Priorities
TOP CORPORATE PRIORITIES Focused on delivering value over the long-term 1 SUCCESSFUL RESTART & RAMP-UP OF DIDIPIO OPERATIONS 2 DELIVER LONG-TERM VALUE AND RETURNS AT HAILE 3 CONTINUE TO ADVANCE WKP 4 DRIVE FURTHER OPERATIONAL COST EFFICIENCIES 5 ENHANCE CAPITAL ALLOCATION PROGRAM 16
Slide 17: Corporate Headquarters
Corporate Headquarters Level 3, 99 Melbourne St. South Brisbane Qld, 4101 Australia T: +61 3 9656 5300 F: +61 3 9656 5333 info@oceanagold.com oceanagold.com
Slide 18: Cautionary Statement: Technical Disclosure
CAUTIONARY STATEMENT TECHNICAL DISCLOSURE Waihi. Mineral Resources for Waihi have been verified, reviewed and approved by, or are based upon information prepared by or under the supervision of, P. Church. Information relating to Waihi exploration results in this presentation has been verified by, is