Harmony Gold Mining Co. Ltd. · JSE:HAR

Harmony Gold Mining — Precious Metals Summit 2019

21 slides from Harmony Gold Mining's conference presentation, Sep 11, 2019

  1. Slide 1: Precious Metals Summit 2019

    PRECIOUS METALS SUMMIT 2019 © Harmony Colorado SEPTEMBER 2019 Beyers Nel, Chief Operating Officer Harmony Gold Mining Company Limited 11 September 2019

  2. Slide 2: Safe Harbour Statement: Forward Looking Statements

    2 PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOUR STATEMENT FORWARD LOOKING STATEMENTS Precious Metals Summit, Colorado, 11 September 2019 This presentation contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of

  3. Slide 3: Who We Are

    WHO WE ARE © Harmony

  4. Slide 4: Harmony Today

    4 HARMONY TODAY JSE, NYSE listed (HAR; HMY) Experienced operator Precious Metals Summit, Colorado, 11 September 2019 • 69+ years Market cap of close to $2bn Mines in: • South Africa • Papua New Guinea Total reserves • gold >23 Moz • copper >12 Moz Copper 34% Gold 65% 12.5Moz 23.8Moz SOUTH AFRICA PAP

  5. Slide 5: What We Do & How We've Done

    WHAT WE DO & HOW WE'VE DONE © Harmony

  6. Slide 6: Delivery on Strategy Since 2016

    6 DELIVERY ON STRATEGY SINCE 2016 Safe, profitable ounces OUR STRATEGY Increasing margins Precious Metals Summit, Colorado, 11 September 2019 STRATEGIC PILLARS 01 02 03 04 OPERATIONAL CASH EFFECTIVE CAPITAL RESPONSIBLE EXCELLENCE CERTAINTY ALLOCATION STEWARDSHIP • performance in line with • successf

  7. Slide 7: Asset Portfolio Quality Improved

    7 ASSET PORTFOLIO QUALITY IMPROVED Underground recovered grade Production (g/t) (000oz) 6,00 1 500 Precious Metals Summit, Colorado, 11 September 2019 271 5,60 A 5,59 73 200 1 000 5,20 4,80 500 1 009 967 B 5,02 5,10 © Harmony 4,40 4,00 - FY16 FY19 FY16 FY19 Stable SA production Hidden Valley Moab Kh

  8. Slide 8: Our Journey to Increased Margins

    8 OUR JOURNEY TO INCREASED MARGINS Precious Metals Summit, Colorado, 11 September 2019 FY17 FY19 FY16 • Hidden Valley acquired, recapitalised FY18 • Moab Khotsong, Hidden Valley boost production, FY20 • Safer, more stable, cash flow and beyond predictable production • 1.45Moz delivered in line • SA

  9. Slide 9: Funding Quality Growth

    9 FUNDING QUALITY GROWTH Capital investment in growth Net debt/EBITDA ratio Precious Metals Summit, Colorado, 11 September 2019 4 1,4 1,2 1,3 1,2 2,3 1,0 0,8 0,9 R’billion Times 2 0,6 0,4 0,3 0,3 © Harmony 0,2 1,2 1,5 0 - Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Hidden V

  10. Slide 10: How We Plan to Invest Your Money

    HOW WE PLAN TO INVEST YOUR MONEY © Harmony

  11. Slide 11: Capital Allocation Aimed at Increasing Returns

    11 CAPITAL ALLOCATION AIMED AT INCREASING RETURNS Opportunities Capital allocation Value realisation Precious Metals Summit, Colorado, 11 September 2019 • Prioritise safety Debt repayment Hidden Valley extension Lower risk profile • Rank surface projects higher Target: <0.8x net • Scrutinise pillar

  12. Slide 12: The Gold Market

    THE GOLD MARKET © Harmony

  13. Slide 13: Evolving Global Gold Mining Landscape

    13 EVOLVING GLOBAL GOLD MINING LANDSCAPE Global gold mining industry Precious Metals Summit, Colorado, 11 September 2019 • Five to 10-year production cliff Today • years of under-investment in exploration, capital • Undeveloped ore bodies are deep • Mergers by majors have shaken up the industry • Sh

  14. Slide 14: Our Leverage to the Gold Price

    14 OUR LEVERAGE TO THE GOLD PRICE Price performance rebased to 100 240 Precious Metals Summit, Colorado, 11 September 2019 126% 200 160 25% 120 © Harmony 19% 80 01-May-19 25-May-19 18-Jun-19 12-Jul-19 05-Aug-19 30-Aug-19 Harmony Gold Gold price (US$/oz) Gold price (ZAR/kg) Factset as at 30 August 20

  15. Slide 15: We 'Get' ESG

    WE ‘GET’ ESG © Harmony

  16. Slide 16: Best-in-Class ESG Framework

    16 BEST-IN-CLASS ESG FRAMEWORK US$20 trillion of assets managed globally now incorporate ESG screening* Precious Metals Summit, Colorado, 11 September 2019 Stakeholders Materiality Framework Implementation King IV ISO 14001, ICCM 15 significant, material Licence to operate 18001, 9000 Corporate poli

  17. Slide 17: How We Will Create Further Value

    HOW WE WILL CREATE FURTHER VALUE © Harmony

  18. Slide 18: FY20 Focus Areas

    18 FY20 FOCUS AREAS Safe, profitable ounces OUR STRATEGY Increasing margins Precious Metals Summit, Colorado, 11 September 2019 STRATEGIC PILLARS 01 02 03 04 OPERATIONAL CASH EFFECTIVE CAPITAL RESPONSIBLE EXCELLENCE CERTAINTY ALLOCATION STEWARDSHIP • improve safety • repay debt • secure Wafi-Golpu •

  19. Slide 19: Why We Offer Value

    WHY WE OFFER VALUE © Harmony

  20. Slide 20: Investment Case

    20 INVESTMENT CASE Precious Metals Summit, Colorado, 11 September 2019 >1.45Moz producer Quality growth Leveraged to the Responsible mining prospects gold price company with experienced, at attractive returns and Rand hedge stock credible management team © Harmony

  21. Slide 21: Contact Us

    21 Precious Metals Summit, Beaver Creek, 11 September 2019 CONTACT US HarmonyIR@harmony.co.za +27 (11) 411 2314 or +27 (82) 759 1775 © Harmony

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