Slide 1: 2015 Results Presentation
Consistently Delivering On Commitments February 19, 2016 2015 Results Presentation
Slide 2: Cautionary & Technical Statements
Cautionary & Technical 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 t
Slide 3: Key Highlights
Key Highlights Continuous improvement on safety performance Didipio named “Most Environmentally Responsible” mine by President Aquino III Declared second annual dividend of US$0.04 per common share or CDI Record annual gold production of 419,153 ounces Net profit of $53.1 million from revenue of $50
Slide 4: 2015 Results Summary
2015 Results Summary Consolidated Operations 2015 Guidance 2015(1) 2014 Gold Production oz 380,000 – 410,000 419,153 307,463 Copper Production t 22,000 – 23,500 23,109 25,010 Cash costs per oz sold $420 – $470 $458 $418 AISC per oz sold $690 – $740 $709 $785 Consolidated Financial Q4 2015 2015(2) 20
Slide 5: Leading Safety Performance
Leading Safety Performance Solid safety performance underpinning strong operating performance Total Recordable Injury Frequency Rate (TRIFR) 14 12 10 8 6 4 2 0 2011 2012 2013 2014 2015 Recorded 2 Reduced TRIFR Over two million Lost-Time by 78% over the man hours Injuries (LTI) in past five years wor
Slide 6: Environmental Excellence
Environmental Excellence Received prestigious “Most Environmentally Responsible” Mine Award Presented by Philippine President Benigno S. Aquino III 6
Slide 7: Operational Performance
2015 OPERATIONAL PERFORMANCE
Slide 8: Philippines
Philippines 2015 Highlights Didipio Annual Throughput Didipio Results 2015 Guidance 2015 Results (Mtpa) 4.0 Gold Production oz 105,000 – 120,000 127,086 3.0 3.58 3.11 Copper Production t 22,000 – 23,500 23,109 2.0 2.58 per oz AISC sold $230 – $280 $382 1.0 per oz 0.0 Cash Costs sold ($150) – ($100)
Slide 9: Didipio Operating Statistics
Didipio Operating Statistics Q4 2015 Q3 2015 Q2 2015 Q1 2015 2015 2014 Lost time injuries 0 0 1 0 1 2 Gold production oz 33,094 28,829 30,041 35,122 127,086 106,256 Gold sales oz 31,984 27,708 29,550 34,659 123,901 110,510 Copper production t 5,591 5,219 6,197 6,102 23,109 25,010 Copper sales t 5,59
Slide 10: Didipio Outlook
Didipio Outlook Increased production, continued development of underground Didipio 2016 Guidance Gold Production oz 130,000 – 145,000 Copper Production t 19,000 – 21,000 AISC per oz sold $300 – $350 Cash Costs per oz sold $20 – $70 Continued Expect to drill Advance development of the Didipio explora
Slide 11: Waihi
Waihi Second Half 2015 Highlights Guidance(1) Attributable to OGC H2 2015(1) (H2 2015) Gold Production oz 65,000 – 70,000 69,973 AISC per oz sold US$650 – US$680 US$530 Cash Costs per oz sold US$490 – US$520 US$399 Took economic Fully integrated Seeking to Comprehensive interest from the Waihi furth
Slide 12: Waihi – 2015 Drilling
Waihi – 2015 Drilling Drilling Results (Released Nov 2015) Open Pit True Width Au Grade Vein (m) (g/t) Correnso 4.9 18.0 Deeps 6.8 8.7 3.9 13.1 4.3 20.8 4.7 18.3 Underground Daybreak 5.3 11.4 4.8 6.4 5.8 26.1 Empire 3.2 14.5 5.9 6.9 Quattro 1.8 29.1 7.6 5.6 New vein 0.9 12.9 2.7 8.3 12
Slide 13: Waihi Outlook
Waihi Outlook Full year production, significant exploration focus Waihi 2016 Guidance Gold Production oz 115,000 – 125,000 AISC per oz sold $700 – $750 Cash Costs per oz sold $480 – $530 Additional drill Advance Commenced Extensive results to be opportunities to new access to exploration released in
Slide 14: Macraes & Reefton
Macraes & Reefton 2015 Highlights NZD:USD Exchange Rate Macraes & Reefton 2015 Guidance 2015 0.90 Results 0.80 Gold Production oz 210,000 – 220,000 222,093 0.70 per oz AISC sold $980 – $1,030 $961 0.60 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1
Slide 15: Macraes Operating Statistics
Macraes Operating Statistics Q4 2015 Q3 2015 Q2 2015 Q1 2015 2015 2014 Lost time injuries 0 0 0 0 0 1 Gold production oz 37,924 38,523 35,895 38,535 150,877 153,510 Gold sold oz 37,256 39,346 38,153 38,389 153,144 151,432 Total ore mined from O/P Mt 0.67 0.74 0.61 0.65 2.67 1.95 Total ore mined from
Slide 16: Reefton Operating Statistics
Reefton Operating Statistics Q4 2015 Q3 2015 Q2 2015 Q1 2015 2015 2014 Lost time injuries 0 0 0 1 1 3 Gold production oz 13,495 20,315 19,917 17,489 71,216 47,697 Gold sold oz 16,079 11,585 15,187 13,186 56,037 57,030 Total ore mined Mt 0.04 0.81 0.60 0.48 1.93 1.50 Total waste mined Mt – 0.75 1.75
Slide 17: Macraes Exploration
Macraes Exploration Recent Drilling at Coronation North Width (m) Au Grade (g/t) 11.0 1.84 12.7 1.25 10.0 4.62 (note: some assays cut to 15 g/t) 11.0 1.58 8.0 1.74 Lot’s Wife Soil Sampling 17
Slide 18: Macraes Outlook
Macraes Outlook Steady production, good cash flow, organic growth Macraes 2016 Guidance Gold Production oz 140,000 – 155,000 AISC per oz sold $1,000 – $1,050 Cash Costs per oz sold $750 – $800 Gold production Continued Macraes Gold- Reefton at Macraes drilling of Tungsten study processing hedged in
Slide 19: Haile Progress
Haile Progress Construction well underway, exploration program advanced Water treatment Ball & SAG mill Earthworks Experienced plant in foundations activities OGC commissioning underway advancing well supplementing Haile development team 19
Slide 20: Haile Exploration
Haile Exploration Extensive exploration program initiated at Haile; regionally Commenced At depth drilling Initial regional Additional drill infill drilling at at Horseshoe to drilling at targets identified Horseshoe in commence in Cypress and and form 2016 Q4 2015 Q1 2016 Loblolly exploration compl
Slide 21: Haile Outlook
Haile Outlook Focused on achieving key milestones, growth potential Internal study to Over 10,000 Additional First ore through further define metres of drilling 30,000 metres the mill targeted opportunities at planned at of drilling by year end Haile; currently Horseshoe in planned in 2016 2016 unde
Slide 22: Financial Performance
4) OCEANAGOLD FINANCIAL PERFORMANCE
Slide 23: 2015 Financial Summary
2015 Financial Summary Solid financial performance despite lower commodity prices Revenue Growth w/Lower Commodity Prices Revenue Gold Price $600,000 $1,800 Gold Price (US$ / oz) Revenue (US$000) $550,000 $1,600 $500,000 $450,000 $1,400 $400,000 $1,200 $350,000 $300,000 $1,000 2011 2012 2013 2014 20
Slide 24: Financial Position (as at Dec 31, 2015)
Financial Position (as at Dec 31, 2015) Strong balance sheet, liquidity and cash flows Cash Drawn Facility $186m $183m Total Liquidity Total Debt $253m $199m Undrawn Facility Equipment Leases $67m $15m Restructured 4- Revolving Credit Facility used to 2016 dividend year, $250 Facility with fund net
Slide 25: Second Annual Dividend
Second Annual Dividend Solid financial position; strong outlook underpin enhanced shareholder wealth Dividend Payment Dividend per common share or CDI US$0.04 Aggregate payment US$24.2m (3) Dividend to paid out in USD Key Dividend Dates(4) 25 Feb 2016 26 Feb 2016 1 Mar 2016 2 Mar 2016 29 Apr 2016 La
Slide 26: Hedging Programs
Hedging Programs 100% of Macraes gold production hedged for 2016 & 2017 90% of Company diesel consumption hedged for 2016 & 2017 Macraes Financial De-risking Program Diesel Hedging Program (as at Jan 1 2016) Zero-Cost Collar Ounces Set Diesel Fuel Price Hedge Range Remaining Expiration Year (US$ bbl
Slide 27: Consolidated Financial Results
Consolidated Financial Results Q4 2015 Q3 2015 Q4 2014 2015 2014 Gold production (ounces) 119,500 87,667 92,712 419,153 307,463 Gold sales (ounces) 125,246 78,639 88,386 401,350 318,972 Copper production (tonnes) 5,591 5,219 6,747 23,109 25,010 Copper sales (tonnes) 5,597 5,484 6,271 22,764 25,886 G
Slide 28: Cash Flow Summary
Cash Flow Summary USDm Q4 2015 Q3 2015 2015 2014 Opening cash balance 45.9 48.7 51.2 24.8 Operating cash inflows 62.2 23.8 171.4 214.9 Investing expenditure (41.0) (22.4) (125.5) (109.4) Financing cash inflows / (outflows) 120.5 (2.1) 89.9 (75.4) Foreign exchange effect (2.1) (2.1) (1.5) (3.7) Net c
Slide 29: Company Outlook
Company Outlook Solid production, low costs, organic growth, go -to gold stock Consolidated 2016 Guidance ▶ Guidance Assumptions Gold Production ounces 385,000 – 425,000 ▶ NZD:USD exchange rate of Copper Production tonnes 19,000 – 21,000 0.65 AISC per oz sold $700 – $750 ▶ Copper price: $2.00 / lb o
Slide 30: Upcoming Events
Upcoming Events BMO Global Metals & Mining Conference February 29 – March 2 Haile Site Visits March 3 & 4 Update Reserves & Resource Table Mid-March Didipio & New Zealand Site Visits Week of April 18 Q1 2016 Results End of April 30
Slide 31: Endnotes
Endnotes 1) These statistics have been revised following OGC taking legal ownership of the Waihi mine and reviewing in detail the operating statistics for the period in which OGC held economic ownership. The economic interest from Waihi began accruing to OceanaGold effective July 1, 2015. Legal clos
Slide 32: www.oceanagold.com
y / www.oceanagold.com 4) Innovation ¢ Performance ¢ Growth OCEANAGOLD