Slide 1: Gold Fields FY 2023 Results
Gold Fields FY 2023 Results Mike Fraser: CEO Brecha Principal open pit, Salares Norte 1
Slide 2: Important information
Important information Forward Looking Statements This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement ma
Slide 3: FY 2023 results agenda
FY 2023 results agenda FY 2023 salient features and recent developments Safety and sustainability Operations Salares Norte update Financials Conclusion & Guidance 3 Gold Fields | FY 2023 results | 22 February 2023
Slide 4: Gold Fields’ value proposition and 2024 deliverables
Gold Fields’ value proposition and 2024 deliverables Clearly defined, well-executed strategy TRACK RECORD SOUND CAPITAL PIPELINE OF COMMITMENT 2024 OF MEETING ALLOCATION: QUALITY ASSETS: TO OUR PEOPLE: DELIVERABLES: GUIDANCE: • Investing in sustaining • Organic options, • Improve safety • Ensure pre
Slide 5: Salient features for FY 2023 and recent developments
Salient features for FY 2023 and recent developments Safety ESG Decarbonisation Salares Norte • Two fatalities in 2023 • Women = 25% of • St Ives microgrid approved • Commissioning • One fatality at South employees (2022: 23%) by the Board progressing Deep in Q1 2024 • Wind studies at South • First
Slide 6: A globally diversified gold miner
A globally diversified gold miner FY 2023 Snapshot Gold Fields Group FY 2023 att. production contribution Mines: 9 (incl. Asanko) FY 2023 mine cash flow per region Peru: 10% Projects: 2 Countries: 6 Peru: US$75m (8%) Att. production: 2,304koz South Africa: Australia: Ghana: 30% AIC: US$1,512/oz US$2
Slide 7: ESG
z ESG 50MW Solar plant at South Deep
Slide 8: Gold Fields’ 2030 ESG targets: 2023 performance
Gold Fields’ 2030 ESG targets: 2023 performance • 30% women representation • 30% of total value created benefits host communities • Zero fatalities • 6 legacy programmes benefiting host communities Targets • Zero serious injuries • Zero serious environmental incidents • US$3.8bn in value created for
Slide 9: Improving health and safety performance
Improving health and safety performance Safety • Fatal incidents: 2 fatalities during 2023, one in Q1 2024 Serious & Fatal TRIFR injuries Serious and fatal injuries & TRIFR • Serious injuries: 6 in 2023 (2022: 5) 30 3.0 • TRIFR1: 2023: 2.01 (2022: 2.04) 2.42 2.40 25 2.5 • Independent review of safet
Slide 10: Gold Fields’ decarbonisation journey
Gold Fields’ decarbonisation journey Scope 1 and 2 net emissions transition pathway to 2030 (kt CO2e) 855 2023: 702 18 2,395 656 788 31 40 6 13 81 277 43 31 93 14 8 9 1,693 407 759 211 423 13 130 151 482 379 1,185 31 1 605 629 1 198 Installed projects Approved projects Trials Diesel Energy 525 2016
Slide 11: Operations
z OPERATIONS Tarkwa open pit
Slide 12: Group
Group koz Group production and AIC -4% +4% US$/oz 2 500 1 800 Att. Production (incl. Asanko) 2,304koz 1 600 2 000 1 400 1 200 1 500 1 000 -4% YoY 800 1 000 600 500 400 200 All-in Costs +15% YoY 0 0 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 guidance US%1,512/oz Production AIC FY 2023 Adjusted f
Slide 13: Australia
Australia Australia - production and AIC A$/oz koz 1 200 flat 2 500 Production flat YoY 1 000 2 000 1,062koz 800 1 500 600 400 1 000 All-in Costs +14% YoY 200 500 0 0 A$1,886/oz FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 guidance Production AIC FY 2022 Adjusted free cash flow A$732m FY 2022 FY
Slide 14: South Africa: South Deep
South Africa: South Deep koz South Africa - production and AIC R/kg 400 -2% 1 000 000 Production decreased 2% YoY 350 900 000 322koz 800 000 300 700 000 250 600 000 200 500 000 150 400 000 Meeting revised guidance 300 000 100 200 000 50 100 000 All-in Costs +12% YoY 0 0 FY 2019 FY 2020 FY 2021 FY 20
Slide 15: Ghana
Ghana Ghana - production and AIC US$/oz koz 1 000 -8% 1 800 Production decreased 8% YoY 704koz 900 1 600 800 1 400 700 1 200 Note: 600 500 1 000 2024 AIC guidance Tarkwa: US$1,480/oz driven by planned reduction at Damang 800 Damang: US$2,030/oz 400 300 200 600 400 All-in Costs +15% YoY 200 US$1,377/
Slide 16: Peru
Peru koz Peru - production and AIC US$/oz 300 -8% 1 400 Production decreased 8% YoY 239koz eq 250 1 200 1 000 200 150 800 Driven by lower volumes and grades 600 100 50 400 200 All-in Costs +15% YoY 0 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 0 US$1,146/eq oz guidance Production AIC FY 2023 Adj
Slide 17: Salares Norte Update
Exploration team in the field at Salares Norte z SALARES NORTE UPDATE
Slide 18: Salares Norte status update and milestones
Salares Norte status update Circuit A (throughput) Circuit B (85% of metal) Circuit C (15% of metal) (crushers, mills, leaching, thickeners, tailings) (Merrill Crowe circuit) (Carbon circuit) Status Pre-commissioning: Complete Pre-commissioning: In progress Pre-commissioning: Early stages Commission
Slide 19: Salares Norte: project update
Salares Norte: project update Project metrics in 2024 money Key metrics Latest estimate First production April 2024 2024: 250koz eq 2025: 580koz eq Production 2026: 600koz eq Ave. 2025 – 2029: 485koz eq Ave: 2025 – 2033: 360koz eq Project capital US$1,180m – US$1,200m 2024: AISC: US$1,090/oz eq – US
Slide 20: Salares Norte in pictures
Salares Norte in pictures Salares Norte plant Tailings Storage Facility First dry-stack tailings 20 Gold Fields | FY 2023 results | 22 February 2023
Slide 21: Finance
z FINANCE Dump truck at the Gruyere mine
Slide 22: Financials: Key numbers
Financials: Key numbers Normalised earnings Adjusted free cash flow AIC within guidance US$900m US$367m AIC: US$1,512/oz +5% YoY -15% YoY +15% YoY Final dividend Net debt Sustainability linked US$ R4.20/share US$1,024m and A$ loans concluded in 2023 Total dividend declared of Net debt to EBITDA 0.42
Slide 23: Strong internal cash generation
Strong internal cash generation The mines had another year of healthy cash flow generation FY 2023 Adjusted free cash flow from St Ives 235 ops. Agnew Granny Smith 147 174 US$1,002m Gruyere 118 Gold Fields Australia (188) Adjusted free cash flow South Deep 204 Tarkwa 196 US$367m Damang 41 Cerro Coro
Slide 24: Balance sheet remains healthy
Balance sheet remains healthy US$m Available facilities at 31 Dec 2023 3 500 Net debt 3 000 2 500 2 000 US$1,024m 1 500 Up from US$704m at Dec 2022 1 000 500 0 US$ facilities Rand facilities ZAR A$ facilities C$ facilities Total facilities Utilised Unutilised Net debt to EBITDA US$m Maturity schedul
Slide 25: Strategy and outlook
z Strategy and outlook Drill team at Cerro Corona
Slide 26: 2024 Group guidance and outlook
2024 Group guidance and outlook • Attributable equivalent gold production: 2.33Moz – 2.43Moz • Costs • AISC: US$1,410/oz – US$1,460/oz (US$1,350/oz – US$1,400/oz excl. St Ives microgrid capex) • AIC: US$1,600/oz – US$1,650/oz (US$1,540/oz – US$1,590/oz excl. St Ives microgrid capex) • Total Capex: U
Slide 27: Thank you
THANK YOU Questions? Member of: Mine team at Salares Norte 27
Slide 28: Appendix 1: Inflation breakdown as at December 2023
Appendix 1: Inflation breakdown as at 31 December 2023 Group Weighting of Group absolute AIC CPI Effective mining inflation Australia 37.1% 4.1% 4.4% South Africa 12.8% 5.1% 6.9% Ghana (US based) 27.0% 3.4% 7.3% Chile (US based) 13.7% 3.4% 5.3% Peru (US based) 9.4%. 3.4% 0.6% Group weighted 100% 3.9