Oceanagold Corporation · TSX:OGC
Oceanagold — Q1 2020 Earnings Presentation
17 slides from Oceanagold's earnings presentation, May 15, 2020
Slide 1: Q1 2020 Results Presentation
Q1 2020 RESULTS PRESENTATION May 15, 2020 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH
Slide 2: Cautionary and Technical Statements
Cautionary and 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
Slide 3: Results Overview
3 Results Overview OPERATIONS OPERATING RESULTS » Production to plan; decreased QoQ on lower grades Q1 2020 Q4 2019 processed GOLD PRODUCTION koz 80.7 108.2 » Material mined increased QoQ with higher waste movements ahead of lower strip second half GOLD SALES koz 91.4 107.3 » Continued productivity
Slide 4: Managing near term risks
4 Managing near term risks COVID-19 RESPONSE MEASURES MINIMISE EXPOSURE INFORM & RESOURCE SITE SPECIFIC PLANS TOTAL RECORDABLE INJURY FREQUENCY RATE (12-Month Moving Average) 14 13.06 12 10 8.09 8 6 5.49 4.56 4.50 3.99 3.99 3.60 4 2.69 3.00 2 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1 2020
Slide 5: Operational Results
5 OPERATIONAL RESULTS Macraes Gold Mine, New Zealand
Slide 6: Haile Operations Overview
6 Haile Operations Overview Q1 2020 Q4 2019 Q1 2019 2020 OUTLOOK TRIFR (12-MMA) per million work hours 5.7 6.6 12.2 H2 production = 2/3 of total 2020 production GOLD PRODUCTION koz 29.4 46.4 25.7 Increasing production, decreasing AISC GOLD SALES koz 33.3 42.3 24.8 CASH COSTS per oz sold $1,147 $772
Slide 7: Macraes Operations Overview
7 Macraes Operations Overview Q1 2020 Q4 2019 Q1 2019 2020 OUTLOOK TRIFR (12-MMA) per million work hours 3.1 5.4 3.8 H2 production > H1 production GOLD PRODUCTION koz 39.2 45.5 51.2 Q2 weakest quarter; Q4 strongest GOLD SALES koz 37.8 46.4 52.2 CASH COSTS per oz sold $695 $788 $603 Golden Point UG s
Slide 8: Waihi Operations Overview
8 Waihi Operations Overview Q1 2020 Q4 2019 Q1 2019 2020 OUTLOOK TRIFR (12-MMA) per million work hours 4.2 3.6 9.0 Q4 production → ~7,000 – 8,000 oz expected GOLD PRODUCTION koz 12.2 15.8 15.1 Martha UG restarted, first ore expected in Q2/21 GOLD SALES koz 13.5 18.6 15.1 CASH COSTS per oz sold $432
Slide 9: Didipio – FTAA Renewal Update
9 Didipio – FTAA Renewal Update OFFICE OF THE PRESIDENT CURRENTLY REVIEWING RENEWAL » FTAA renewal with Office of the President CURRENT STATE ramp-up schedule » Strong support from regulatory agencies, national & local Approx. Timing governments PROCESSING 1 – 2 weeks » Workforce Impacted: 1,500 (97
Slide 10: Financial Results
10 FINANCIAL RESULTS Haile Gold Mine, United States
Slide 11: Cash and Liquidity
11 Cash and Liquidity (1) REVOLVING CREDIT FACILITY SHORTCASH TERM&CASH LIQUIDITY OPTIMISED » $200m facility – fully drawn CASH FACILITY DEBT » Maturing date – December 31, 2021 $177 million $200 million » Banking Syndicate – six international banks EQUIPMENT LEASES $98 million CHANGE IN CASH QoQ 20
Slide 12: Financial Results Overview
12 Financial Results Overview PROFIT & LOSS Q1 2020 Q4 2019 Q1 2019 » Revenue decreased QoQ on lower sales, REVENUE million $138.2 $152.1 $179.5 partially offset by higher gold price, Didipio doré EBITDA million $42.4 $45.2 $64.4 » Impact of lower sales on EBITDA partially offset NPAT million ($26.0
Slide 13: Capital Investment Overview
13 Capital Investment Overview CONSOLIDATED (USDm) Q1 2020 Q4 2019 Q1 2019 2020 GUIDANCE GENERAL OPERATING 8.5 6.1 12.9 20 – 30 PRE-STRIP WAIHI & CAPITALISED MINING 18.3 5.0 16.6 70 – 80 GROWTH MACRAES CAPITAL 27.1 29.5 15.1 110 – 120 EXPLORATION 4.9 8.7 9.8 20 – 25 (1) TOTAL 58.8 49.4 54.4 220 – 25
Slide 14: Organic Growth
14 ORGANIC GROWTH Waihi Drill Platform, New Zealand
Slide 15: Organic Growth Pipeline
Organic Growth Pipeline EXPLORATION STUDY PERMITTING DEVELOPMENT Martha Underground WAIHI Waihi District PEA Martha UG North Island, New Zealand WKP MACRAES Macraes Goldfield Golden Point UG South Island, New Zealand Haile Horseshoe UG Underground HAILE South Carolina, United States Open Pit, Haile
Slide 16: Managing for the near-term, Planning for the long-term
Managing for the near-term 16 Planning for the long-term MANAGE NEAR-TERM RISKS EXECUTE CURRENT OPERATIONAL PLANS RESTART DIDIPIO OPERATIONS INVEST IN ORGANIC GROWTH EXPERIENCED AND FOCUSED MANAGEMENT TEAM
Slide 17: Corporate Headquarters
Corporate Headquarters Americas Corporate Office Level 14, 357 Collins Street Suite 350 4725 South Monaco Street Melbourne, Victoria, 3000 Denver, Colorado, 80237 Australia United States of America T: +61 3 9656 5300 F: +61 3 9656 5333 info@oceanagold.com oceanagold.com