Oceanagold Corporation · TSX:OGC
Oceanagold — Q1 2023 Earnings Presentation
13 slides from Oceanagold's earnings presentation, May 3, 2023
Slide 1: Q1 2023 Financial and Operating Results
Q1 2023 FINANCIAL AND OPERATING RESULTS May 3, 2023 CARE | RESPECT | INTEGRITY PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
CAUTIONARY 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 offer to issue, sec
Slide 3: Q1 2023 Highlights
Q1 2023 HIGHLIGHTS On-track to meet consolidated production and cost guidance TSX: OGC SHARES OUTSTANDING1: 707M MARKET CAPITALISATION1: C$2.1B NET DEBT2: $191M 2023 GUIDANCE3 TRIFR4 decreased to 1.9, a Company record 460,000 – 510,000 ounces gold 12,000 – 14,000 tonnes copper Cash Costs: $800 – $90
Slide 4: Q1 2023 In Line With Plan
Q1 2023 IN LINE WITH PLAN On track to meet full year guidance 1.9 TRIFR 118,000 ounces $0.06 (12 MMA) gold and 3,500 Adjusted EPS tonnes copper Per million hours worked $1,567 per ounce -$16 million $58 million in cash AISC Free Cash Flow1 $191 million net debt2 Leverage ratio of 0.30x3 1. Free cash
Slide 5: Q1 2023 Financial Results Overview
Q1 2023 FINANCIAL RESULTS OVERVIEW Q1 2023 Q4 2022 Q1 2022 QUARTER-OVER-QUARTER HIGHLIGHTS PROFITABILITY OVERVIEW REDUCTION IN NET DEBT1 Avg. Au Price Received US$/oz 1,919 1,769 1,915 -32% YoY Gold Sales -43% Koz YoY 112 119 129 Revenue US$M 244 238 286 EBITDA US$M 100 109 158 NPAT US$M 39 41 79 Ad
Slide 6: Haile Q1 2023
HAILE Q1 2023 Haile expansion project remains on track • Q1 production of 48.1 koz • On track to meet full-year production and cost guidance • Timing of gold sales at quarter-end impacted AISC • Continued strong production from Mill Zone and Ledbetter Phase 2 in H1 2023 • Haile expansion project on
Slide 7: Haile Expansion Update
HAILE EXPANSION UPDATE Horseshoe underground progressing safely • Total advance to date ~550 metres of main decline • Development has reached the 1025 level (top elevation of orebody) • Development rates improved to 290 metres per month in April • First Haile UG ore remains on-track for delivery in
Slide 8: Didipio Q1 2023
DIDIPIO Q1 2023 Continues to generate strong margins and Free Cash Flow • Q1 production of 33.0 koz of gold and 3.5 kt copper • On track to meet full-year production guidance • AISC of $585/oz, benefiting from higher copper price and lower sustaining capex • Optimization study to increase UG mining
Slide 9: Macraes Q1 2023
MACRAES Q1 2023 Ball mill repaired at end of Q1 • Q1 production of 26.7 koz • Much improved safety performance • Repair to ball mill trunnion completed in March, returned to full milling capacity in April – Full feed end replacement targeted for installation in early 2024 • Expect stronger operating
Slide 10: Waihi Q1 2023
WAIHI Q1 2023 Challenging mining conditions in Q1, improvement expected in Q2 • Q1 production of 10.3 koz • Rain event impacted access to some areas of Martha’s Underground – Improving mine performance as water levels subside • Production plan continues to be weighted to H2 2023 • Maintaining full-y
Slide 11: Management and Board Update
MANAGEMENT AND BOARD UPDATE Appointment of new non-executive director & CFO Linda Broughton Marius van Niekerk Non-Executive Director Executive Vice President, (Effective April 24, 2023) Chief Financial Officer (Effective May 24, 2023) 11 11 11
Slide 12: A Focus on Delivering Shareholder Value
A FOCUS ON DELIVERING SHAREHOLDER VALUE Continuing to focus on our goals in 2023 Operate safely and responsibly Deliver on guidance Optimize production and reduce costs to maximize FCF generation Investing in high-value growth and exploration capability to deliver attractive returns Increase returns
Slide 13: 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7
400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada T: +1 604 678-4123 ir@oceanagold.com oceanagold.com