Slide 1: 2013 Results Presentation
2013 Results Presentation 21 February 2014 Innovation Performance Growth
Slide 2: Cautionary Notes
Cautionary Notes 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, securiti
Slide 3: Key Highlights
Key Highlights Record gold production – 325,732 ounces, slightly ahead of guidance Strong copper production – 23,059 tonnes, exceeded guidance Revenue of $553.6m and EBITDA of $262.4m Cash costs of $426/oz1 and All-In Sustaining Costs of $868/oz1 Net loss of $47.9m after impairment Net profit of $91
Slide 4: Strong Q4 & 2013 Results
Strong Q4 & 2013 Results Total Q4 2013 Results Didipio New Zealand Company Gold Production (ounces) 27,713 87,506 115,219 Copper Production (tonnes) 7,536 – 7,536 Cash Costs (per ounce) ($1,081)1 $550 $2101 Company Total 2013 Results Didipio New Zealand Company 2013 Guidance Gold Production 285,000
Slide 5: 2014 Guidance
2014 Guidance Didipio New Zealand Total Company Gold Production Guidance 85,000 – 95,000 190,000 – 210,000 275,000 – 305,000 (ounces) Copper Production Guidance 21,000 – 24,000 – 21,000 – 24,000 (tonnes) Cash Cost Guidance (per ounce) ($725) – ($650)1 $840 – $9252 $400 – $4501,2 All-In Sustaining Co
Slide 6: Philippines Operations
Philippines Operations 6 OceanaGold Corporation Innovation Performance Growth
Slide 7: Didipio 2013 – Delivered
Didipio 2013 – Delivered Exceeded 2013 copper production guidance on back of higher tonnage milled and higher copper grades Gold production for 2013 was at high end of guidance with a 54% increase in production QoQ on the back higher grades milled Cash costs of ($1,078) per ounce for 20131 lower tha
Slide 8: Didipio Concentrate Production Profile
Didipio Concentrate Production Profile Didipio Concentrate Production Profile (as at 31 December 2013) Estimated production at a 2.5 Mtpa run rate 12,000 10,000 First ore through the mill Commercial production 8,000 Dry Tonnes 6,000 4,000 2,000 0 Dec 2012 August January April May July September Nove
Slide 9: Didipio Operating Statistics
Didipio Operating Statistics Q4 2013 Q3 2013 Q2 2013 Q1 2013 Year 2013 Lost time injuries 0 0 0 0 0 Gold production oz 27,713 18,011 13,676 6,877 66,277 Copper production t 7,536 6,150 5,710 3,663 23,059 Total ore mined Mt 2.62 2.60 1.73 1.84 8.79 Total waste mined Mt 3.47 3.83 4.34 2.75 14.40 Ore m
Slide 10: Didipio in 2014
Didipio in 2014 Mill 3 million tonnes of ore and increase throughput to 3.5 Mtpa rate by the end of 2014 Continued focus on increasing recovery New initiatives to increase productivity and efficiency of the operation Power grid connection would result in lower operating costs decision to proceed i
Slide 11: New Zealand Operations
New Zealand Operations 11 OceanaGold Corporation Innovation Performance Growth
Slide 12: New Zealand Q4 & 2013 Highlights
New Zealand Q4 & 2013 Highlights Strong Q4 gold production on the back of higher grades, 2013 production better than guidance Realised $44m in cost reductions in 2013, lowered cash costs despite higher exchange rate Maximised cash flows across NZ operations through mine optimisation Post-tax impairm
Slide 13: Macraes Goldfield Operating Statistics
Macraes Goldfield Operating Statistics Year Year Year Q4 2013 Q3 2013 Q4 2012 2013 2012 2011 Lost time injuries 0 2 1 3 7 3 Gold production oz 68,419 42,199 58,872 198,820 169,609 174,851 Total ore mined from Mt 1.80 1.65 1.61 6.08 4.83 5.74 open pit Total ore mined from Mt 0.22 0.23 0.21 0.88 0.73
Slide 14: Reefton Goldfield Operating Statistics
Reefton Goldfield Operating Statistics Year Year Year Q4 2013 Q3 2013 Q4 2012 2013 2012 2011 Lost time injuries 1 3 0 5 4 1 Gold production oz 19,087 14,487 17,972 60,635 63,300 77,648 Total ore mined Mt 0.53 0.44 0.40 1.69 1.31 1.51 Total waste mined Mt 4.60 4.84 4.56 17.82 18.22 14.77 Ore mined gr
Slide 15: New Zealand in 2014
New Zealand in 2014 2014 gold production expected lower than 2013 due to less production at Macraes Less ore and at lower grades from Macraes open pit; mill feed to be supplemented with low grade stockpile Steady production from Reefton with minimal pre-strip in H2 2014 Continued value creation thro
Slide 16: Sustainability
Sustainability 16 OceanaGold Corporation Innovation Performance Growth
Slide 17: Q4 2013 Sustainability Highlights
Q4 2013 Sustainability Highlights Most Environment Compliant Rescue and Relief 200 hectares reforested, 111,000 trees plant in Q4 17 OceanaGold Corporation Innovation Performance Growth
Slide 18: Financial Results
Financial Summary Financial Results 18 OceanaGold Corporation Innovation Performance Growth
Slide 19: Financial Position (as at 31 December 2013)
Financial Position (as at 31 December 2013) Liquidity Cash $25m Undrawn Revolving Credit Facility $30m Core Debt Term Facility $129m Revolving Credit Facility $20m • No remaining convertible notes – matured in December 2013 and repaid in cash & term facility • Lower debt levels and lower interest ra
Slide 20: Group Results Q4 & 2013
Group Results Q4 & 2013 Year Year Year USDm Q4 2013 Q3 2013 Q4 2012 2013 2012 2011 Revenue 170.1 156.6 119.0 553.6 385.4 395.6 Operating costs1 (73.6) (80.3) (51.9) (291.2) (240.8) (231.7) EBITDA2 96.5 76.3 67.1 262.4 144.6 163.9 Depreciation & amortisation (34.9) (25.1) (27.6) (129.3) (91.4) (85.8)
Slide 21: Cash Flows December 31, 2013
Cash Flows December 31, 2013 Year Year Year USDm Q4 2013 Q3 2013 Q4 2012 2013 2012 2011 Opening cash balance 14.7 17.9 24.2 96.5 170.0 181.3 Operating cash inflows 89.0 39.1 60.2 159.4 115.3 154.6 Investing expenditure (33.2) (35.4) (91.4) (158.8) (294.5) (146.6) Financing cash (50.0) (3.0) 110.3 (8
Slide 22: Outlook
Outlook Didipio throughput rates ramping up to planned 3.5 Mtpa capacity by end of 2014 Increase in free cash flow generation to further strengthen the balance sheet Continued focus on ensuring profitability in the lower gold price environment Identify and evaluate new organic opportunities to furth
Slide 23: oceanagold.com
oceanagold.com Innovation Performance Growth