Gold Fields Limited · JSE:GFI
Gold Fields — WA Mining Club, 27 July 2017
19 slides from Gold Fields's conference presentation, Jul 27, 2017
Slide 1: Gold Fields In Australia: Delivery & Growth
Gold Fields In Australia DELIVERY & GROWTH WA Mining Club, 27 July 2017
Slide 2: Forward looking statements
Forward looking statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include
Slide 3: Gold Fields overview
Gold Fields overview Attributable reserves Group: FY 2016 As at 5 May 2017 Attributable production 2,146koz Share price (JSE/ADR) R43.10/$3.16 West Africa; Australia; 7.0Moz 5.8Moz AIC US$1,006/oz Market capitalisation ($m) 2,596 3,837 Americas; Mine net cash flow US$444m Enterprise value ($m) 1.3Mo
Slide 4: All-in Costs vs. global peers
Gold Fields vs. global peers 1,200 Kinross AngloGold 1,100 Sibanye Newmont Gold Fields 1,000 All-in Costs (US$/oz) Agnico Goldcorp 900 Randgold Barrick 800 Newcrest 700 600 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Production (koz) Note: Size of bubble indicates current market cap Putting Gold Fie
Slide 5: Gold Fields in Australia
Gold Fields in Australia
Slide 6: Australia – 2016 performance
Gold Fields Australia – 2016 performance • Production: 942koz • AIC: A$1,261/oz Gold Fields Australia (US$941/oz) • Net cash flow: US$256m • Production: 363koz • AIC: A$1,273/oz St Ives (US$949/oz) • Net cash flow: US$113m • Production: 284koz • AIC: A$1,119/oz Granny Smith (US$834/oz) • Net cash fl
Slide 7: Australian gold producers: Production vs. AISC
Gold Fields in an Australian context 2016 Production Ozs & AISC Australian gold producers: Production vs. AISC 1,800 1,200 1,600 1,000 1,400 1,200 800 1,000 600 800 600 400 400 200 200 0 0 Saracen St. Barbara Newcrest Aus Evolution AngloGold Aus GFA Regis Newmont Aus Northern Star OceanaGold Note: A
Slide 8: Historical Gold Production Profile - Australia
Historical Gold Production Profile - Australia Consistency of Delivery = CREDIBILITY Australian Gold Production Ozs Barrick Yilgarn South Acquisition 1,000,000 Oct 2013 800,000 Darlot 600,000 Granny Smith Agnew St Ives 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 201
Slide 9: Reserve Life
Reserve Life Sustainable reserves supported by Exploration Investment Reserve life 14 12.1 12 10.1 10 8 6.9 6.1 6.2 5.9 6 4 2.8 2 0 Saracen St. Barbara Evolution GFA Regis Northern Star OceanaGold Gold Fields – Delivery & Growth 9
Slide 10: Regional Safety Performance Q1 2017
Regional Safety Performance Q1 2017 TRIFR C2016 Recordable Injuries 2017 St Ives 10.82 7% Agnew 12.38 7% Sprain and strain 6% 27% Granny Smith 6.95 Laceration Fracture Darlot 4.67 Foreign Body GFA 9.43 53% Contusion Gold Fields Australia TRIFR 12 Month Moving Average 2012 - 2017 28 Vital Behaviours
Slide 11: Gold Fields Australia – What sets us apart?
Gold Fields Australia – What sets us apart? Empowerment of Operations Regional operating model Regional technical, financial, logistical support General Managers are our strength & have empowerment at their sites General Managers have a seat at the Regional Leadership Table as equals Responsibility
Slide 12: Significant investment in WA
Gruyere, Western Australia South Deep, South Africa Significant investment in WA
Slide 13: Three Pillars for Growth in Australia
Three Pillars for Growth in Australia Delivering Sustainability of Operations Focused Mergers & Margin Exploration Acquisitions Improvement 2002: A$28 Mill 2002: St. Ives & Agnew Re-structure in 2013 (2 Mines) 2003-2004: A$38-A$41.6 Mill Focus on Free Cash Flow & 2013: Granny Smith, New 2005: A$27.8
Slide 14: Exploration Expenditure
Exploration Expenditure Sustained & Growing Investment 120.0 Exploration Expenditure – Gold Fields In Australia 100.0 Gold downturn Company restructure 80.0 St. Ives Mill Granny Smith, Lawlers, Upgrade Darlot acquisition 60.0 4 Mines 40.0 Agnew St. Ives Granny Smith Darlot 2 MInes 20.0 Agnew St. Ive
Slide 15: Gruyere adds life and quality in WA
Gruyere adds life and quality in WA LOM Plan First gold Late 2018/early 2019 Life of mine 13 years Annual production (100% basis) 270koz AISC A$945/oz (US$690/oz) AIC A$1,103/oz (US$805/oz) Total capital cost (100% basis) A$532m (US$399m) IRR at A$1,500/oz gold after taking into account 6% acquisiti
Slide 16: The Gruyere JV – Gold Fields & Gold Road
The Gruyere JV – Gold Fields & Gold Road Collaboration & Respect Gold Road Resources ● Delivery on an ambitious exploration investment in a new Greenstone Belt in WA (remote) ● Significant discovery of large low grade long life ore body at Gruyere ● Largest undeveloped Project in WA ● 6.6 Moz Resour
Slide 17: Progress on Gruyere
Progress on Gruyere ● Approval for the Project Management Plan, Mining Proposal and Mine Closure Plan was granted by the Western Australian Department of Mines and Petroleum in February 2017 – Achieved ● Construction of 648 Room accommodation village & facilities – Completed July 2017 ● EPC, bulk ea
Slide 18: Brownfields exploration – Our mines continue to deliver
Brownfields exploration – Our mines continue to deliver ● A$102m exploration spend in 2016 ̵ This resulted in Reserves increasing 13% (excluding Gruyere) after depletion ● A$89m budgeted for exploration in 2017 ● Resource and Reserve Growth ̵ Wallaby (Granny Smith) ̵ Invincible (St Ives) ● Emerging
Slide 19: Safe Production Delivery Growth
Safe Production Delivery Growth GOLD FIELDS AUSTRALIA Gold Fields – Delivery & Growth