Oceanagold Philippines, Inc. · PSE:OGP
Oceanagold Philippines — Investor Day (May 2025)
24 slides from Oceanagold Philippines's investor day presentation, May 15, 2025
Slide 1: PSE STAR Investor Day
(Philippines), Inc. PSE STAR Investor Day May 15, 2025 CARE | RESPECT | INTEGRITY | PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
Cautionary Statements Cautionary Note Regarding Forward-Looking Statements and Nature of Information in the Presentation This presentation contains statements that reflect the current beliefs and expectations of the Company about the future plans and results of the Company as of the respective dates
Slide 3: Our Purpose, Vision and Values
Our Purpose Mining gold for a better future Our Vision To be a company people trust, want to work and partner with, supply and invest in, to create value Our Values Care Respect Integrity Performance Teamwork 3
Slide 4: Executing on Our Corporate Strategy
Executing on Our Corporate Strategy Five Pillars to Increase and Sustain a Higher Value for OceanaGold Shares 1 2 3 4 5 Safely and A Caring, Increase Deliver Financial Premium Responsibly Deliver Inclusive and Resources and Strength and Rating with Gold Production Winning Culture Reserves Cost Retur
Slide 5: OceanaGold (Philippines), Inc. Capital Structure
OceanaGold (Philippines), Inc. Capital Structure Share Ownership Analyst Coverage Capitalization1 Public Float Listing: Ticker PSE: OGP 20% Issued and Outstanding Shares: 2.28B Current Share Price2 (PHP): ₱16.62 52-Week Low / High2 (PHP): ₱12.28 / ₱17.4 OceanaGold Market Capitalization (PHP/USD)2: ~
Slide 6: Didipio: A Strong Free Cash Flow Generator with Upside
DIDIPIO A Strong Free Cash Flow Generator with Upside Location Luzon Island, ~20% Philippines of OGC’s Annual Production2 Metals Gold & Copper Ownership 80% OceanaGold, OVERVIEW 20% PSE Listed 2025 Guidance2 85-105 koz Au Mine Type Stockpile & 13-15 kt Cu Underground Processing Gravity, Flotation Ty
Slide 7: A 25-Year FTAA in Place with the Government (to 2044)
A 25-Year FTAA in Place with the Government (to 2044) 1994 2008 2013 2015 2017 2018 2019 2021 2022 2023 2024 2025 June: Initial term of FTAA July: FTAA Full year of Construction ended renewed operations. Construction Commercial of Open Pit OGP filed Ramp up to 25-year FTAA of surface July: Mining No
Slide 8: Responsible Mining with a Strong ESG Commitment
Responsible Mining Compact site design, with disturbance of only 34% Features the only fully automated paste backfill plant, which provides ground support and stability as no with a Strong ESG of permitted area large-scale underground void is left after ore extraction Commitment Downstream construct
Slide 9: Didipio Mine Workforce
Didipio Mine Workforce A caring, inclusive and winning culture 97% Filipino workforce 68% from Nueva Vizcaya and Quirino 9
Slide 10: First Quarter Highlights
First Quarter Highlights Gold Production: 20,600 ounces ↑ 5% vs Q4 2024 Copper Production: 3,400 tonnes ↑ 11% vs Q4 2024 Cash Cost1: $ 871 per ounce ↓ $162 vs Q4 2024 AISC1: $1,130 per ounce ↓ $59 vs Q4 2024 Q1 Revenue of $79 million Declared a dividend Production in line with Strong margins from Ze
Slide 11: Financial Highlights
Financial Highlights Earnings per Share Revenue Net Income ($/sh) ($M) ($M) Revenue of $79M driven by record average realized gold price of $2,858 per ounce Net income of $7.4M 0.003 $17M Dividend Debt-free with cash and equivalents of $35.7M at quarter end 0 Q4/24 Q1/25 Q4/24 Q1/25 Q4/24 Q1/25 1. N
Slide 12: Rising Gold Prices
Rising Gold Prices Sensitivity to rising gold prices with no hedging or pre-pays 1 Data from World Gold Council, 11 April 2025
Slide 13: Improved Safety and Production Performance
Improved Safety and Production Performance Overview Q1 2025 Guidance Safety (TRIFR) 0.2 • No recordable injuries since Q4 2024 Gold Production koz 20.6 85 - 105 Copper Production kt 3.4 13 - 15 • Mining rates expected to increase in H2 with increased Cash Costs1 $/oz 871 800 - 900 access to the lowe
Slide 14: Potential to Increase Mining from Underground
Potential to Increase Mining from Underground Maximize recovery of high-grade breccia Underground stopes Reserve Grades2: 40% 60% Optimization work on going to understand 1.12 g/t Au potential to increase mining rates from Current Potential 0.36% Cu mill feed mill feed Opportunity underground1 mix1
Slide 15: Reserves & Resource
Reserves & Resource 2024 Growth ▪ Increased Reserves to 1.23 Koz of gold, net of mining depletion ▪ R&R increase driven by drilling in Panel 3 and design optimization in Panel 1 and Panel 2 2025 Priorities ▪ Re-start of resource conversion drilling of Panel 3. ▪ Extensional drilling below 1980mRL PR
Slide 16: Potential to Replace Reserves & Extend Mine Life
GOLD RESERVES + CUMULATIVE OUNCES PROCESSED (K OZ AU) Ending Reserve Balance (k oz Au) Cumulative Ounces Processed (k oz Au) +55% 2,599 2,210 2,230 2,197 2,276 2,344 1,897 1,890 1,968 1,983 2,055 Potential to 1,680 1,668 78 197 340 508 723 855 950 950 967 1,096 1,249 1,359 Replace Reserves 1,680 1,5
Slide 17: Exploration
EXPLORATION $5M - 2025 Exploration Guidance Strategic High-margin Copper - Gold porphyry Position Multi-million-ounce deposit with large and prospective land holding ~7,000 ha Low $34 discovery cost per ounce1 Opportunity Continued growth through resource conversion and discovery Regional discovery
Slide 18: Select Terms of the FTAA
Select Terms of the FTAA ✓ ❑ “Net Revenue” sharing between the Government of the Philippines and OGP on a 60/40 basis ✓ ❑ Additional Social Development Fund equivalent to 1.5% of the gross mining revenue of the preceding calendar year • 1% will be allocated as Community Development Fund • 0.5% is fo
Slide 19: Bangko Sentral ng Pilipinas Gold Buying Agreement
Bangko Sentral ng Pilipinas Gold Buying Agreement Signed a 3-year enhanced agreement with the Bangko Sentral ng Pilipinas 19
Slide 20: Additional Government Share (AGS)
Additional Government Share (AGS) Total AGS remittance for 2 consecutive years amounting to $28.4 million 20
Slide 21: Local Communities
Local Communities Social Development Fund beneficiary communities: • 1 host community • 10 neighbouring communities • 2 municipalities • Population: ~17,0001 Provincial and Community Development Fund beneficiary communities: • 2 host provinces – Nueva Vizcaya and Quirino • Total of 407 Barangays • P
Slide 22: Five Streams of Community Funding
29 Five Streams of Community Funding ~US$35.9M ~US$26.1M ~US$7.5M ~US$3.7M ~US$265K 2013 - 2024 2013 - 2024 2021 - 2024 2021 - 2024 2013 - 2024 Social Development Community Provincial Community Corporate Social & Management Development Fund Development Fund Development Responsibility (CSR) Program (
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Slide 24: Contact
Contact: Marjorie Idio Manager, Investor Relations (OGP) Didipio Mine Barangay Didipio, Kasibu Nueva Vizcaya, Philippines +63 78 362 1026 didipiomine.ir@oceanagold.com didipiomine.com.ph