Slide 1: Q2 2019 Results Presentation
Q2 2019 RESULTS PRESENTATION July 26, 2019 CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH Didipio Mine, Philippines
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 Q2 2019 H1 2019 Higher production from Haile & Waihi; lower production from Macraes as expected GOLD PRODUCTION 129.3 255.0 koz At Haile 45% QoQ increase in material GOLD SALES 125.6 246.8 koz mined & gold produced, 39% decrease in kt COPPER PRODUC
Slide 4: Didipio Update
4 Didipio Update FTAA RENEWAL Application for renewal submitted March 2018 Application endorsed by Mines & Geosciences Bureau (MGB), Department of Environment & Natural Resources (DENR) MGB written confirmation allowing continued Didipio operations during FTAA renewal process Authority over
Slide 5: Didipio Achievements
5 Didipio Achievements Members of Didipio Community Rally in Support of OceanaGold WORKFORCE Top safety performance Over 1,500 direct workers (97% Filipino, 300 women); thousands of indirect employment OHSAS 18001 occupational health and safety recertification COMMUNITY Invested over $790 mi
Slide 6: Operational Results
6 OPERATIONAL RESULTS Macraes Operations, New Zealand
Slide 7: Health & Safety Performance
7 Health & Safety Performance TOTAL RECORDABLE INJURY FREQUENCY RATE (12-MMA) 14 13.06 12 10 8.09 8 6 5.49 4.56 4.50 3.99 3.99 3.80 4 2.69 2 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Haile workforce safety behavioural program resulted in significant YTD improvement Didipio remains a sector
Slide 8: Haile Operations Overview
8 Haile Operations Overview Q2 2019 H1 2019 MINING per million work Unit cash costs decrease 39% QoQ TRIFR (12-MMA) - 7.7 hours Unit mining costs decrease 30% QoQ GOLD PRODUCTION 37.2 62.9 koz > 70% of planned 2019 pre-stripping completed AISC decrease 23% QoQ; Q2 includes $450 per GOLD SALE
Slide 9: Haile Physicals
9 Haile Physicals GOLD PRODUCTION $1,787 AISC ($/oz) Gold Production Cash Costs AISC $1,379 -$454 $126 40,000 $2,000 -$19 -$17 -$44 35,000 $1,800 $1,600 30,000 $1,400 Per ounce sold 25,000 $1,200 ounces 20,000 $1,000 15,000 $800 $600 10,000 $400 5,000 $200 0 $0 Q1 2019 Cash Cost Exploration Corp G&A
Slide 10: Didipio Operations Overview
10 Didipio Operations Overview Q2 2019 H1 2019 MINING TRIFR (12-MMA) - 0.5 per million work hours QoQ 18% increase in underground ore mined GOLD PRODUCTION 33.1 66.7 koz Further optimisation of underground mining o Top-down, long-hole stoping mining method GOLD SALES 31.7 60.8 koz o Deferred pan
Slide 11: Waihi Operations Overview
11 Waihi Operations Overview MINING & PROCESSING Q2 2019 H1 2019 per million work Ore mined and mill feed increase 29% QoQ TRIFR (12-MMA) - 5.5 hours Average feed grade increased 4% QoQ GOLD PRODUCTION 21.2 36.3 koz Gold production increased 40% QoQ on higher mill GOLD SALES 20.2 35.3 koz feed
Slide 12: Macraes Operations Overview
12 Macraes Operations Overview Q2 2019 H1 2019 MINING TRIFR (12-MMA) - 5.4 per million work QoQ production decreased as expected on lower hours grades mined and processed GOLD PRODUCTION 37.8 89.1 koz Increased pre-stripping ahead of ore mining in Q4 GOLD SALES 39.7 91.9 koz Total material min
Slide 13: Financial Results
13 FINANCIAL RESULTS Haile Gold Mine, United States
Slide 14: Financial Results Overview
14 Financial Results Overview REVENUE FINANCIAL OVERVIEW Q2 2019 Q1 2019 H2 2019 Better QoQ revenue on higher sales and REVENUE million $186 $180 $366 average gold price received EBITDA million $71 $64 $135 EBITDA NPAT million $15 $12 $28 Higher QoQ EBITDA reflects Haile ADJUSTED NET operational
Slide 15: Capital Investment Overview
15 Capital Investment Overview CONSOLIDATED (USDm) Q2 2019 Q1 2019 H1 2019 2019 GUIDANCE GENERAL OPERATING 12.1 12.9 25.0 40 – 50 GROWTH CAPITAL 30.4 15.1 45.5 110 – 125 PRE-STRIP & CAPITALISED MINING 29.6 16.6 46.2 45 – 55 EXPLORATION 9.9 9.8 19.7 40 – 50 TOTAL 82.0 54.4 136.4 235 – 280 H1 2019 (US
Slide 16: Balance Sheet Overview (as at 30 Jun 2019)
16 Balance Sheet Overview (as at 30 Jun 2019) CASH BALANCE NET DEBT NET DEBT/EBITDA $85m Total Liquidity $135m Excludes cash held in marketable securities* $108 million 0.40 Credit Facility (Undrawn) $50m Increase in net debt related to finance leasing New mining fleet for Haile expansion will i
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 H1 2019 2011 2012 2013 2014 2015 2016 2017 2018 H
Slide 18: Outlook
18 OUTLOOK Waihi Gold Mine, New Zealand
Slide 19: 2018 GRI Sustainability Report
2018 GRI SUSTAINABILITY REPORT
Slide 20: Outlook
20 Outlook PRODUCTION H2 > H1 with Q4 as the strongest quarter for the year Drive further operational improvements expected at Haile Didipio guidance dependent on outcome of FTAA renewal & appeal process FINANCIAL Costs in H2 < H1 on the back of increased production GROWTH Continued advanc
Slide 21: 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