Slide 1: Gold Fields: BMO conference
Gold Fields: BMO conference Martin Preece: Interim CEO Recently commissioned 50MW solar plant at South Deep
Slide 2: Important information
Important information Forward Looking Statements This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement ma
Slide 3: Gold Fields: a track record of value creation
Gold Fields: a track record of value creation • A clearly defined purpose, vision and strategy • A track record of meeting production and cost guidance • Disciplined capital allocation • Strong balance sheet (Net debt/EBITDA: 0.29x) • Commitment to dividends (new policy: 30% - 45% of normalised earn
Slide 4: A globally diversified gold miner
A globally diversified gold miner FY 2022 Snapshot Gold Fields Group Mines: 9 FY 2022 att. gold production contribution Projects: 1 Americas: Countries: 5 11% South Att. production: 2,399koz (+3% YoY) Africa: 13% AIC: US$1,320/oz (+1% YoY) Australia: 44% Adjusted free cash flow from ops: US$855m (-6
Slide 5: ESG
z ESG Tailings dam at Gruyere mine in Western Australia
Slide 6: Gold Fields’ 2030 ESG targets – 2022 Status
Gold Fields’ 2030 ESG targets –2022 Status SAFETY, HEALTH, 1 WELLBEING & ENVIRONMENT 2 GENDER DIVERSITY 3 STAKEHOLDER VALUE CREATION • Zero fatalities • 30% women representation • 30% of total value created benefits host • Zero serious injuries communities • Zero serious environmental incidents • 6
Slide 7: Gold Fields’ decarbonisation journey continues
Gold Fields’ decarbonisation journey continues Project Status Gruyere 12MW solar Commissioned on 31 July 2022 South Deep 50MW solar Commissioned in Q3 2022 12MW solar plant at Gruyere 100% of Cerro Corona’s electricity supply has been Cerro Corona green power classified as renewable In feasibility •
Slide 8: Operations & Financials
z OPERATIONS & FINANCIALS Drill rig on lake Lefroy, St Ives
Slide 9: Meeting upgraded guidance in 2022
Meeting upgraded guidance in 2022 Strong operational performance Att. Production increased 3% YoY Group - production and AIC +3% 2,399koz 3 000 1 400 2 500 1 200 All-in Costs of US$1,320/oz 1 000 2 000 1 500 800 +2% YoY 600 1 000 400 FY 2022 Adjusted free cash 500 200 flow from operations 0 FY 2019
Slide 10: Sector leading cost performance
Sector leading cost performance Tight cost control and currency tailwinds counter double-digit mining inflation AISC +4% YoY US$1,105/oz Adjusted to 2022 guidance exchange rates: US$1,160/oz still within guidance (US$1,140/oz – US$1,180/oz) AIC +2% YoY US$1,320/oz Adjusted to 2022 guidance exchange
Slide 11: Strong cashflow, balance sheet continues to strengthen
Strong cashflow, balance Sheet continues to strengthen Strong cash flows during FY 2022 allow: ● Capex at Salares Norte of US$296m ● Net debt reduction of US$265m ● Plan to refinance bank facilities in Q2 2023 Net debt Adjusted free cash flow Final dividend US$704m US$431m R4.45/share Net debt to EB
Slide 12: Salares Norte Update
z SALARES NORTE UPDATE Salares Norte plant: Thickeners, CIP and leaching tanks
Slide 13: Salares Norte
Salares Norte Impacted by Covid, severe weather and shortage of skilled labour Key developments • Progress: 87% at the end of 2022 (62% at end of 2021) Total project • Total capex of US$758m spent by end-2022. Capex of US$286m spent during 2022 • Covid, severe weather and shortage of skills impacted
Slide 14: Salares Norte: project update
Salares Norte: project update Further slight delay due to compounding effects of covid, weather and skills sourcing issues Key metrics Latest estimate Reason for change Ongoing skills sourcing issues faced by main First production Q4 2023 contractor (previous delay due to Covid and weather) 2023: 15
Slide 15: Salares Norte in pictures
Salares Norte in pictures Salares Norte mining area Salares Norte plant Brecha Principal Salares Norte plant Salares Norte tailings storage facility Gold Fields | BMO Conference 2023
Slide 16: Conclusion
z CONCLUSION Rehabilitated TSF at Damang in Ghana
Slide 17: 2023 Group outlook and guidance
2023 Group outlook and guidance FY 2023 Group guidance – excluding Asanko • Attributable equivalent gold production: 2.25Moz – 2.30Moz • Costs • AISC: US$1,300/oz – US$1,340/oz • AIC: US$1,480/oz – US$1,520/oz • Capex • 2023: Total capex: US$1.11bn – US$1.17bn • Exchange rate assumptions: A$: 0.70;
Slide 18: Thank You
THANK YOU Questions?