Oceanagold Corporation · TSX:OGC
Oceanagold — Diggers & Dealers 2014
20 slides from Oceanagold's conference presentation, Aug 4, 2014
Slide 1: Diggers & Dealers
Diggers & Dealers a Michael Holmes, Chief Operating Officer 4 August 2014 Innovation Performance Growth
Slide 2: Cautionary Notes
Cautionary Notes 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 to issue, securiti
Slide 3: OceanaGold Today
OceanaGold Today Emerging multinational gold and copper producer with strong free cash flow PHILIPPINES NEW ZEALAND Market Capitalisation1 Luzon Didipio Auckland A$940m Baguio Manila 2014 Production Guidance Reefton Wellington Gold: 275 koz – 305 koz Blackwater Christchurch Copper: 21 kt – 24 kt Mac
Slide 4: Successful Listings (OGC: TSX, ASX, NZX)
Successful Listings (OGC: TSX, ASX, NZX) Strong global support from the institutional and retail investment community North America Australia Shareholder Geo. Breakdown2 3-Month Daily Avg. Liquidity1 North America Australia & NZ Europe Asia 1.7m shares 0.6m shares 3-Month Daily Avg. Trade Value1 $5.
Slide 5: Experienced Management Team
Experienced Management Team Mick Wilkes Managing Director & Chief Executive Officer • 30 years industry experience • Developed major projects in Australia & SE Asia • Strong Operations background in hard rock mining • Strong in Community and Government relations • Extensive SE Asian experience Micha
Slide 6: OceanaGold Vision & Strategy
OceanaGold Vision & Strategy We will be a mid-tier, multinational gold producer delivering superior shareholder returns in a safe and sustainable manner by developing and operating high quality assets. We will be the partner, employer and mining company of choice. Commitment to Optimise mines Sustai
Slide 7: First Half 2014 Highlights
First Half 2014 Highlights Strong first half of 2014; on track to achieve full year guidance First Half 2014 Results Approx. $71m in free cash flow generation YTD including $22m in Q2 Gold …………………...…….. 147,399 oz Copper …………………….... 11,185 t Cash Costs1 ......................... $435 / oz Approx.
Slide 8: Share Price Performance Comparative
8 -60% -10% 140% 190% 40% 90% Semafo Inc. Centamin plc Source: Bloomberg OceanaGold Corp. OceanaGold Corporation Northern Star Resources Primero Mining Corp. Detour Gold Corporation OZ Minerals Barrick Gold Rio Alto Mining Golden Star Goldcorp Gold Spot Price (US$/oz) Alacer Gold Corp. Dundee Precio
Slide 9: OceanaGold Timeline
OceanaGold Timeline Transformation through high quality development & operations and a strong emphasis on our social licence 2010 2012 $5.00 $2,000 2007 Didipio study Didipio construction $4.50 TSX IPO Recommenced complete, $1,800 commissioning $4.00 $1,600 Late 2008 $3.50 Global Financial Crisis $1
Slide 10: Didipio Mine
Didipio Mine High quality, low-cost transformative asset generating significant free cash flow Luzon Lepanto / Goldfields DIDIPIO San Fernando (Port) Manila First FTAA signed & in production Open pit (currently) plus underground April 1 2013 commercial production 100 koz nominal gold production over
Slide 11: Successful Execution
Successful Execution Didipio has been one of the more successful start-ups over the last several years Didipio Contribution Impact 180,000 100% Didipio Achievements to-date % Contribution to Operating Margin from Didipio 160,000 90% Built by company personnel manage Gold Equivalent Production (oz)
Slide 12: Copper Kicker: Multi-Commodity Revenue
Copper Kicker: Multi-Commodity Revenue Strong copper production from Didipio provides a significant revenue stream Commodity Price Performance (Jan 1/12 to Jul 30/14) One of the lowest cost operating gold mines today Gold price performance: ~17% Copper price performance: ~6% Copper revenue repre
Slide 13: What's Next at Didipio?
What’s Next at Didipio? Optimisation study underway to maximise value from the Didipio operations Debottlenecking of process plant to achieve 3.5 Mtpa rate by end of 2014 Optimisation study examining how best to maximise value of the operating asset Power grid connection development work advancing w
Slide 14: Financial De-risking – NZ Optimisation
Financial De-risking – NZ Optimisation Mitigated downside risk of a lower gold price while maintained optionality with a higher gold price Production de-risked over the next two years through utilised zero cost collar hedging Strong New Zealand dollar persists, partly offset by New Zealand dollar go
Slide 15: Foundation of Our Success
Foundation of Our Success A strong social license underpins success in social complex, emerging nations Operating to highest of environmental standards Unique and tailored programs for a diverse group of stakeholders Engagement throughout all stages of the lifecycle Open and transparent communicatio
Slide 16: Investing in Our Local Communities
Investing in Our Local Communities Working together with our communities to leave a positive, long lasting legacy Employment Education Infrastructure • Hire locally policy • Teachers salaries • New roads and improvements • 98% Filipino workforce • Scholarship programs • Bridges, waterways Support En
Slide 17: Sustainable Development Today and Beyond
Sustainable Development Today and Beyond An unwavering commitment to our social responsibilities beyond mining Agroforestry Environment Rehabilitation • Planting one million trees • ISO14001 EMS at Didipio • Restoring lands to match area • Commercial plantations • Reducing GhG emissions • Supporting
Slide 18: Health and Safety
Health and Safety Reinforcing a strong culture of operating in a safe and sustainable manner OceanaGold Safety Statistics 4.00 14 3.50 12 3.00 10 2.50 TRIFR LTIFR 8 2.00 6 1.50 1.00 4 0.50 2 0.00 0 2010 2011 2012 2013 Lost Time Injury Frequency Rate Total Recordable Injury Rate 18 OceanaGold Corpora
Slide 19: Outlook
Outlook Continue to focus on strengthening balance sheet, optimising existing operations On track to deliver full year guidance Increasing throughput rates at Didipio to 3.5 Mtpa before year end Deliver Didipio Optimisation and New Zealand studies in second half of the year Identify and evaluate new
Slide 20: oceanagold.com
oceanagold.com Innovation Performance Growth