Slide 1: Q1 2019 Results Presentation
Q1 2019 RESULTS PRESENTATION April 30, 2019 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: Results Overview
3 Results Overview OPERATING RESULTS OPERATIONS Q1 2019 Q4 2018 ▪ Solid production from Didipio, Macraes and Waihi partially offset by softer production from Haile GOLD PRODUCTION 125,681 126,656 oz ▪ Haile challenging ground conditions continued; GOLD SALES 121,144 132,161 oz mitigating strategies
Slide 4: Recent ESG Awards
4 Recent ESG Awards DIDIPIO FOUR CSR AWARDS INCLUDING ENVIRONMENTAL MACRAES ENVIRONMENTAL EXCELLENCE AWARD EXCELLENCE & WOMEN EMPOWERMENT FUTURE OF MINING 2019 2019 GLOBAL CSR AWARDS SYDNEY, AUSTRALIA SARAWAK, MALAYSIA
Slide 5: Operational Results
5 OPERATIONAL RESULTS Macraes Gold Mine, New Zealand
Slide 6: Health & Safety Performance
6 Health & Safety Performance TOTAL RECORDABLE INJURY FREQUENCY RATE 14 13.06 12 10 8.09 8 6 5.49 4.56 4.50 4.40 3.99 3.99 4 2.69 2 0 2011 2012 2013 2014 2015 2016 2017 2018 12MMA ▪ Didipio continues to demonstrate sector leading safety performance ▪ Continued improvement of safety performance at Ma
Slide 7: Haile Operations Overview
7 Haile Operations Overview Q1 2019 Q4 2018 MINING per million work ▪ Challenging ground conditions persisted in Q1 from TRIFR 12.2 13.0 hours recharging of the water table: GOLD PRODUCTION 25,717 27,528 oz Impacted mine productivity Delayed access to higher grades GOLD SALES 24,834 27,637 oz ▪
Slide 8: Haile Physicals
8 Haile Physicals GOLD PRODUCED 14,000 1,787 12,000 10,000 ounces 8,000 6,000 4,000 2,000 0 January February March MINING PHYSICALS PROCESSING PHYSICALS Waste Mined Ore Mined Mill Feed Mill Feed Gold Grade 1,800 300 2.0 1,600 1.8 250 1.6 Material Mined (kt) 1,400 Head Grade (g/t) 1.4 Mill Feed (kt)
Slide 9: Haile Plant Expansion
9 Haile Plant Expansion HAILE PLANT EXPANSION PROFILE(1) Actual Throughput Estimated Throughput Actual Production Estimated Production 5.0 250 TARGET EXPANSION THROUGHPUT BETWEEN 3.5 – 4.0 MTPA 4.5 4.0 200 3.5 Annual Throughput (Mtpa) Gold Production (koz) 3.0 150 INCREASE PLANT CAPACITY & ENHANCE P
Slide 10: Didipio Operations Overview
10 Didipio Operations Overview Q1 2019 Q4 2018 MINING TRIFR (12-MMA) 0.6 0.6 per million work ▪ Continued ramp-up of UG operations; improved hours QoQ mining rates GOLD PRODUCTION 33,636 23,344 oz ▪ Development of panel 2 progressing well GOLD SALES 29,074 25,195 oz COPPER PRODUCTION 3,910 2,881 ton
Slide 11: Waihi Operations Overview
11 Waihi Operations Overview Q1 2019 Q4 2018 MINING TRIFR (12-MMA) 9.0 8.6 per million work ▪ Decreased QoQ production driven mainly by hours reduced grades, as expected GOLD PRODUCTION 15,114 17,553 oz GOLD SALES 15,052 19,587 oz GROWTH CASH COSTS $767 $620 per oz sold ▪ Martha UG project advancing
Slide 12: Macraes Operations Overview
12 Macraes Operations Overview Q1 2019 Q4 2018 MINING TRIFR (12-MMA) 3.8 4.4 per million work ▪ Higher tonnage from Coronation North & Frasers UG hours ▪ Lower grades mined in the open pit due to mine GOLD PRODUCTION 51,215 58,231 oz sequencing GOLD SALES 52,184 59,742 oz CASH COSTS $603 $469 per oz
Slide 13: Financial Results
Waihi Process Plant, New Zealand 13 FINANCIAL RESULTS
Slide 14: Balance Sheet Overview (as at 31 Mar 2019)
14 Balance Sheet Overview (as at 31 Mar 2019) CASH BALANCE NET DEBT NET DEBT/EBITDA $87m Total Liquidity $137m Excludes cash held in marketable securities* $99 million 0.27 Credit Facility (Undrawn) $50m ▪ Increase in Q1 mainly impact of IFRS 16 adoption. No change in core debt ▪ New mining fleet fo
Slide 15: Financial Results Overview
15 Financial Results Overview REVENUE FINANCIAL OVERVIEW Q1 2019 Q4 2018 ▪ Relatively flat QoQ with higher gold price offsetting REVENUE million $180 $183 lower sales volume EBITDA million $64 $74 EBITDA NPAT million $12 $11 ▪ Lower QoQ sales volume & higher Haile costs ADJUSTED NET PROFIT(1) millio
Slide 16: Capital Investment Overview
16 Capital Investment Overview CONSOLIDATED (USDm) Q1 2019(1) Q4 2018(1) 2019 GUIDANCE GROWTH INVESTMENTS 15.1 27.9 110 – 125 GENERAL OPERATING 12.9 6.7 40 – 50 PRE-STRIP & CAPITALISED MINING 16.6 12.4 45 – 55 EXPLORATION 9.8 8.5 40 – 50 TOTAL 54.4 55.5 235 – 280 Q1 2019 (USDm) HAILE DIDIPIO WAIHI M
Slide 17: Industry Leading Margins & Returns
17 Industry Leading Margins & Returns 8 CONSECUTIVE YEARS OF DELIVERING A POSITIVE ROIC EBITDA MARGIN* RETURN ON INVESTED CAPITAL* Peer Average Peer Average 60% 20% 50% 15% 40% 10% 30% 20% 5% 10% 0% 0% -10% -5% 2011 2012 2013 2014 2015 2016 2017 2018 Q1 2019 2011 2012 2013 2014 2015 2016 2017 2018 Q
Slide 18: Outlook
Didipio Operation, Philippines 18 OUTLOOK
Slide 19: Strategy & Focus
19 Strategy & Focus OPERATIONAL EXCELLENCE PRODUCTIVITY THROUGH INNOVATION LEVERAGE COLLECTIVE DIGITAL EXPERIENCE TRANSFORMATION OCEANAGOLD VALUE CREATION VALUE DRIVEN GROWTH BUILD CAPABILITY ADVANCE ORGANIC GROWTH ENHANCE ORGANISATIONAL OPPORTUNITIES & EXPLORATION EFFECTIVENESS
Slide 20: 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