Slide 1: Q1 2024 Operational Update and ESG webcast
Q1 2024 Operational Update and ESG webcast 7 MAY 2024, CEO MIKE FRASER Dump truck at Tarkwa mine, Ghana 1
Slide 2: Key developments in Q1 2024
Key developments in Q1 2024 Production St Ives of 464koz Free cash First gold renewable Challenging impacted by outflow of poured on power project Net debt of quarter – 1 lower US$51m (after 28 March, approved in US$1,143m; fatality at South production at final 2023 ramp-up to February. net debt to
Slide 3: Safety
Safety • Fatal incidents: 2 operational fatalities during 2023 and 2 to date in 2024 • Serious injuries: 6 in 2023 (2022: 5); 2 to date in 2024 • TRIFR2: Q1 2024: 3.36; 2023: 2.01 (2022: 2.04) • Independent review of safety culture, processes and programmes in H1 2024: • Carried out by dss+ (formerl
Slide 4: Group performance
Group performance koz Group production and AIC US$/oz 700 2 100 Attributable production 2 000 600 500 400 1 900 1 800 1 700 1 600 464koz 300 1 500 1 400 -18% YoY 200 1 300 100 1 200 0 1 100 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 AIC Att. Production AIC US$2,115/oz Q1 2024 Q4 2023 Q1 2023 +58% YoY M
Slide 5: Q1 operating performance vs. FY guidance
Q1 operating performance vs. FY guidance Q1 2024 FY 2024 Guidance Att. Production (koz) AIC (US$/oz) Att. Production (koz) AIC (US$/oz) Gruyere 32 1,742 150 – 168 1,370 – 1,525 Granny Smith 62 1,512 270 1,277 St Ives 69 1,943 355 1,913 Agnew 53 1,486 235 1,393 South Deep 56 1,886 305 - 312 1,590 - 1
Slide 6: Impacted assets in Q1
Impacted assets in Q1 • Negatively impacted by major rainfall event in March • Gold production impacted by lower • Primary access roads to the mine were damaged and volumes and grades during Q1 closed on 5 March • Mining and processing activities temporarily ceased • Status: Gold production back-end
Slide 7: Impacted assets in Q1
Impacted assets in Q1 • Inclement weather impacted stability in the • Operational momentum impacted by fatality on 2 North wall of the pit January 2024 • Resulted in resequencing of mining to lower- • Performance further impacted by reduced stope grade areas access due to increased backfill rehandli
Slide 8: South Deep value drivers
South Deep value drivers metres kt Longhole stoping tonnes vs. drilled metres metres Development metres 1 200 250 6 000 1 000 200 5 000 800 150 4 000 600 100 3 000 400 50 2 000 200 0 0 1 000 2019 2020 2021 2022 2023 0 Longhole stoping tonnes Longhole stoping drilled metres (rhs) 2019 2020 2021 2022
Slide 9: Salares Norte
Salares Norte Status update: • First gold poured on 28 March 2024 • Circuit A and Circuit B which deliver 85% of the metal are being commissioned with operational control being handed over to the operational team • Focus now is on commissioning Circuit C (15% of metal) • Ramp-up progressing, but slo
Slide 10: Corporate Development/Debt
Corporate Development/Debt • Windfall Project • EIA submitted to regulator in Q4 2023 • Decision expected late 2024/ early 2025 • EIA approval will trigger final investment decision, construction and Gold Fields’ C$300m balance of payment • Proposed Tarkwa/Iduapriem JV • Engagement with Ghana govt o
Slide 11: 2024 Outlook and guidance unchanged
2024 Outlook and guidance unchanged FY 2024 Group guidance unchanged • Attributable equivalent gold production: 2.33Moz – 2.43Moz • Cost • AISC: US$1,410/oz – US$1,460/oz • AIC: US$1,600/oz – US$1,650/oz • Capex • 2023: Total capex: US$1.13bn – US$1.19bn • South Deep and Salares Norte • Gold product
Slide 12: Gold Fields ESG performance
Gold Fields ESG performance The Khanyisa solar farm at South Deep 12
Slide 13: Gold Fields' 2030 ESG targets
INTRODUCTION Gold Fields’ 2030 ESG targets • 30% women representation • 30% of total value created benefits • Zero fatalities host communities • Zero serious injuries • 6 legacy programmes benefiting host • Zero serious environmental incidents communities • Net zero emissions by 2050 • Conformance t
Slide 14: Safety, health, wellbeing & environment
Safety, health, wellbeing & environment Commitment Status • Zero fatalities • 2023: 2 fatalities at Tarkwa and 1 at Gold Fields • Zero serious injuries Foundation-sponsored project. • Zero serious • 2 fatalities in 2024 (See slide 2) environmental • Committed to implementing all 21 recommendations i
Slide 15: Gender Diversity
Gender Diversity 2030 targets Status • 30% women • Implementation of the 21 EB&Co representation in recommendations is under way our workforce • Focus on gender representation among our business partners (contractors) • Membership of the Bloomberg Gender Equality 2023 outcomes Index (7th successive
Slide 16: Stakeholder Value Creation
Stakeholder Value Creation 2030 targets • 30% of total value created benefits host communities • 6 legacy programmes benefitting host communities 2023 outcomes • US$3.8bn in stakeholder value created, of which US$1.09bn,or 33%, to host communities • 1 legacy programme commenced Beneficiaries of one
Slide 17: Report to Stakeholders 2023
Report to Stakeholders 2023 Report released on 28 March 2024 Key content items: • Stakeholder strategy, governance and management • 2030 ESG targets and 2023 performance, including value creation • ICMM aligned social and economic report • Our cultural transformation journey • Human rights including
Slide 18: Decarbonisation
Decarbonisation 2030 targets Status • 50% absolute emissions and 30% net • Renewables contributed 17% of Group electricity emissions reduction from 2016 • Full year of Gruyere and South Deep solar plants baseline (Scope 1+2) performance • 10% Scope 3 emissions reduction from • St Ives solar and wind
Slide 19: Gold Fields' decarbonisation journey
Gold Fields’ decarbonisation journey Scope 1 and 2 net emissions transition pathway to 2030 (kt CO2e) 855 2023: 702 2,395 18 656 788 31 40 6 13 81 277 43 31 93 14 8 9 1,693 423 759 211 130 13 407 151 1,185 482 31 379 1 605 629 1 198 525 Installed projects Approved projects Trials Diesel Energy 2016
Slide 20: Climate Change Report 2023
Climate Change Report 2023 Report released on 28 March 2024 Key content items: • Gold Fields’ climate change-related strategies, standards, risks, governance and management • Performance highlights for Group and countries • Climate change-related 2030 ESG targets and 2023 performance • Renewable ene
Slide 21: Tailings Management
Tailings Management 2030 targets Status • Conformance to the Global • Continued industry collaboration on the Industry Standard on Tailings commingling of waste streams, monitoring Management (GISTM) by Q3 technologies and tailings reductions 2023 for high-priority TSFs • Remaining TSFs to conform b
Slide 22: Water Stewardship
Water Stewardship 2030 targets 2023 outcomes Status • 80% water • 74% water recycled/reused recycled/reused The following key projects were completed during 2023: • Update of the Group 2030 Water Stewardship Strategy • 45% reduction in • 39% freshwater use • Regional strategies and 3–5-year Water ta
Slide 23: Key Governance and Compliance trends
Key Governance and Compliance trends ESG work underpinned by commitment to sound governance ESG and climate disclosure Ensuring readiness for the increased ESG reporting requirements, including • The US SEC’s climate related disclosure rules • The ISSB’s IFRS Sustainability Disclosure Standards This
Slide 24: Thank You
THANK YOU Member of: Questions? 24
Slide 25: Appendix
APPENDIX 25
Slide 26: A globally diversified gold miner
A globally diversified gold miner Q1 2024 Snapshot Mines: 8 Projects: 2 Countries: 6 Att. production: 464koz AIC: US$2,115/oz *Free cash flow from ops: US$126m Project: Windfall Mine: South Deep Att. production: Mine: Gruyere, Granny Smith, 56koz St Ives and Agnew Mines: Damang AIC: US$1,886/oz Att.
Slide 27: Respectful Workplace report findings
Respectful Workplace report findings The company has committed to the adopting of the following recommendations: 1.1 Accountable 1.2 Prevention 1.3 Dignity and 1.4 Person- 1.5 Focus on High 1.6 Rigorous FOCUS and invested and early Human Rights Centred Impact actions tracking and Leadership interven
Slide 28: Renewable energy rollout at our mines
Renewable energy rollout at our mines South Deep 50 MW solar plant 12MW solar plant at Gruyere Gold Fields ESG Investor Update 28