Slide 1: Macquarie Mining Forum
MACQUARIE MINING FORUM 29 June 2018 Scott McQueen – EVP & CFO CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH
Slide 2: Cautionary and Technical Statements
2 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 off
Slide 3: Strategy
3 Strategy DRIVE EFFICIENCY THROUGH BOOST PERFORMANCE via NEW TECHNICAL EXCELLENCE & TECHNOLOGIES (e.g. Analytics, LEADERSHIP Automation) OCEANAGOLD VALUE CREATION ADVANCE ORGANIC GROWTH CONTINUED GEOGRAPHIC & ASSET OPPORTUNITIES DIVERSIFICATION EFFECTIVE MANAGEMENT & HIGH QUALITY ASSETS ROBUST BALA
Slide 4: Updated 2018 Guidance
4 Updated 2018 Guidance CONSOLIDATED Gold Production Copper Production All-In Sustaining Costs 500,000 – 540,000 15,000 – 16,000 US$725 – US$775 ounces tonnes per ounce HAILE DIDIPIO WAIHI MACRAES PRODUCTION: PRODUCTION: PRODUCTION: PRODUCTION: 95,000 - 105,000 oz Au 140,000 - 155,000 oz Au 75,000 -
Slide 5: Advancing Organic Growth
5 Advancing Organic Growth SOLID PIPELINE OF ORGANIC VALUE CREATING OPPORTUNITIES WAIHI (LOM: 2019+) HAILE (LOM: 2033+) DIDIPIO (LOM: 2032+) MACRAES (LOM: 2021+) ADVANCING 10-YEAR ADVANCING UNDERGROUND UNLOCKING MINE LIFE EXTENSION EXPANSION PROJECT RAMPING UP ADDITIONAL VALUE
Slide 6: Advancing Waihi Mine Life Extension
6 Advancing Waihi Mine Life Extension PERMITTING OF 10-YEAR MINE LIFE EXTENSION UNDERWAY CONTINUED SIGNIFICANT DRILL RESULTS LEADING TO EXPECTED RESOURCE EXPANSION MAIDEN RESOURCE(1) OF 110,000 OZ (2) AT GLADSTONE ANNOUNCED DRILLING AT MARTHA AND OTHER SITES TO CONTINUE OVER NEXT 18 MONTHS 1. Total
Slide 7: Significant Waihi Exploration Results Continue
7 Significant Waihi Exploration Results Continue DRILLING FROM TWO U/G DRILL DRIVES BENEATH MARTHA PIT YIELDING POSITIVE RESULTS RECENT SIGNIFICANT INTERCEPTS OF MARTHA AND EMPIRE VEINS(1) ▶ 5.0 metres @ 65.3 g/t gold, 100 g/t silver ▶ 9.0 metres @ 29.4 g/t gold, 288 g/t silver ▶ 3.6 metres @ 31.9 g
Slide 8: Regional Exploration
8 Regional Exploration COROMANDEL GOLD DISTRICT PRODUCTION >12 MOZ AU, 52 MOZ AG Tenements Dome Field North Dome Field South Ohui Thames Twin Hills White Bluffs Glamorgan Golden Cross Hauraki WKP Currently drilling (WKP) Karangahake WAIHI 0 km 20 WAIHI
Slide 9: Advancing Haile Expansion
9 Advancing Haile Expansion HAILE PLANT UPGRADES UNDERWAY PERMITTING OF UG, MINING EXPANSION COMMENCING MID/2018 EXPANSION EXPECTED TO DELIVER INCREASED MINE LIFE(1) INCREASE OF PLANT THROUGHPUT UP TO TARGETED 4.0 MTPA – UNDERWAY CURRENTLY INSTALLING PEBBLE CRUSHER – EXPECTED IN OPERATION IN Q4/18 U
Slide 10: Haile Mineralisation Trends
10 Haile Mineralisation Trends BETTER UNDERSTANDING OF GEOLOGIC FORMATIONS RESULTING IN ENHANCED TARGET GENERATION
Slide 11: New Drill Targets at Haile
11 New Drill Targets at Haile DRILLING FOCUS AND RESULTS REFLECT POTENTIAL RESOURCE EXTENSIONS BETWEEN PITS, AT DEPTH AND ALONG STRIKE
Slide 12: Market Divergence
12 Market Divergence AUSTRALIAN GOLD MINERS HAVE SIGNIFICANTLY OUTPERFORMED NORTH AMERICAN PEERS MARKET PERFORMANCE 150 OceanaGold ASX Gold Index TSX Gold Index Gold Spot ASX GOLD 140 + 37.0% 130 SPOT GOLD 120 + 9.5% 110 TSX GOLD 100 - 4.7% OGC 90 - 10.3% 80 70 Note: Updated 24th June 2018
Slide 13: Solid Margins & Returns
13 Solid Margins & Returns PROVEN TRACK RECORD OF CONSISTENT RETURNS EBITDA MARGIN* RETURN ON INVESTED CAPITAL* OceanaGold Peer Average OceanaGold Peer Average 60% 20% 50% 15% 40% 30% 10% 20% 5% 10% 0% 0% -10% 2011 2012 2013 2014 2015 2016 2017 -5% 2011 2012 2013 2014 2015 2016 2017 *Source: Bloombe
Slide 14: Comparatives
14 Comparatives EV / RESERVES & RESOURCES(1) RESERVE LIFE(2) EV/Reserves EV/Resources $900 14 $800 12 $700 10 $600 8 $500 US$/oz Years $400 6 $300 4 $200 2 $100 $0 0 OceanaGold Regis Evolution Northern Star OceanaGold Regis Northern Star Evolution Source: (1) RBC Research (2) Barclays Research
Slide 15: Free Cash Flow Comparative
15 Free Cash Flow Comparative SIGNIFICANT FREE CASH FLOW GENERATION CONTINUES AT OCEANAGOLD FREE CASH FLOW YIELD(1) FREE CASH FLOW YIELD COMPARATIVE (2) (2018E) 2018E 2019E 10% 14% 9% 12% 8% 7% 10% 6% 8% 5% 6% 4% 3% 4% 2% 2% 1% 0% 0% OGC Mid-Tier Avg Senior Avg OceanaGold Northern Star Regis Evoluti
Slide 16: Consistent Profitability
16 Consistent Profitability Net Income – GAAP (5-Yr Total) Adjustments (5-Yr Total) Net Income - Adjusted (5-Yr Total) ($USM) ($USM) ($USM) Randgold $1,228 $0 $1,228 Centerra $516 $184 $700 OceanaGold $425 $186 $611 Northern Star $403 $44 $447 Regis Resources $273 $188 $462 Tahoe $153 $199 $352 Sara
Slide 17: Relative Valuation
17 Relative Valuation(1) PRICE TO NAV(2) EV TO EBITDA PRICE TO CFPS Intermediate producer average North American Peers Intermediate producer average 2 9 14 8 12 7 1.5 10 6 5 8 1 4 6 3 4 0.5 2 2 1 0 0 0 OceanaGold Regis Northern Star Evolution OceanaGold Regis Northern Star Evolution OceanaGold Regis
Slide 18: 2018 Priorities
18 2018 Priorities ON TRACK TO ACHIEVE 2018 GUIDANCE GENERATE STRONG CASH FLOWS AND DELIVER ON ORGANIC GROWTH INITIATIVES OPERATIONS GROWTH ▶ Continuing improvement of safety leadership ▶ Advancing the Waihi extension plans ▶ Identifying and implementing productivity ▶ Advancing the Haile expansion
Slide 19: Corporate Headquarters
Corporate Headquarters Americas Corporate Office Level 14, 357 Collins Street 777 Hornby Street Suite 1910 Melbourne, Victoria, 3000 Vancouver, British Columbia V6Z 1S4 Australia Canada PO Box 355, E: info@oceanagold.com Flinders Lane Post Office Melbourne, Victoria, 3000 Australia T: +61 3 9656 530