Slide 1: First Half & Second Quarter 2014 Results Presentation
First Half & Second Quarter 2014 Results Presentation 31 July 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 Strong production and cash flow in H1 2014, on track to deliver on full year guidance Q2 results as expected with planned lower grades processed across the operations and lower mill feed at Didipio Revenue of $298 million in H1 2014 including $128 million in Q2 and H1 2014 net profit
Slide 4: Results Summary
Results Summary 2014 YTD Jun 2014 Q2 2014 Guidance New New Combined Didipio Company Didipio Company Zealand Zealand Gold 275,000 to oz 45,266 102,133 147,399 14,786 46,045 60,831 production 305,000 Copper 21,000 to t 11,185 – 11,185 4,706 – 4,706 production 24,000 Gold sales oz – 54,010 112,334 166,
Slide 5: Philippines Operations
Philippines Operations 5 OceanaGold Corporation Innovation Performance Growth
Slide 6: Philippines H1 2014 Highlights
Philippines H1 2014 Highlights Tailings Storage Facility – July 2014 Strong first half 2014 production results; on track to achieve full year guidance As expected, Q2 production decreased due to planned lower grades from mine sequencing and lower feed from planned maintenance 2014 Didipio Results YT
Slide 7: Didipio Operating Statistics
Didipio Operating Statistics YTD YTD Q2 2014 Q1 2014 Jun 2014 Jun 2013 Lost time injuries 1 0 1 0 Gold production oz 14,786 30,480 45,266 20,553 Copper production t 4,706 6,479 11,185 9,373 Total ore mined Mt 1.40 1.67 3.08 3.57 Total waste mined Mt 4.68 4.44 9.12 7.09 Ore mined grade gold g/t 0.47
Slide 8: Didipio – Looking ahead
Didipio – Looking ahead Production increasing in H2 as operations advance Stage 3 into a higher grade zone of the ore body Increasing throughput rate to planned 3.5 Mtpa by end of 2014 Power grid connection development work advancing well lower operating costs early 2016 Timing and design of under
Slide 9: New Zealand Operations
New Zealand Operations 9 OceanaGold Corporation Innovation Performance Growth
Slide 10: New Zealand H1 2014 Highlights
New Zealand H1 2014 Highlights Macraes Process Plant Decreased production on account of lower head grade at Macraes and Reefton, lower mill feed at Reefton Cash costs higher due to lower sales, strong New Zealand dollar and drawdown of ore inventories and gold-in-circuit Strong New Zealand dollar pe
Slide 11: Macraes Goldfield Operating Statistics
Macraes Goldfield Operating Statistics YTD YTD Q2 2014 Q1 2014 Jun 2014 Jun 2013 Lost time injuries 0 1 1 1 Gold production oz 35,641 40,668 76,309 88,202 Total ore mined from open pit Mt 0.19 1.09 1.28 1.62 Total ore mined from Mt 0.21 0.21 0.42 0.43 underground Total waste mined Mt 0.74 2.93 3.68
Slide 12: Reefton Goldfield Operating Statistics
Reefton Goldfield Operating Statistics YTD YTD Q2 2014 Q1 2014 Jun 2014 Jun 2013 Lost time injuries 0 0 0 1 Gold production oz 10,404 15,420 25,824 27,061 Total ore mined Mt 0.20 0.45 0.65 0.72 Total waste mined Mt 4.03 4.73 8.76 8.38 Ore mined grade g/t 1.14 1.38 1.30 1.46 Mill feed Mt 0.37 0.42 0.
Slide 13: New Zealand – Looking ahead
New Zealand – Looking ahead Reefton Macraes production Q3 and Q4 similar to Q2 Macraes open pit mining at reduced rate, operation to continue processing stockpiles New Macraes open pit mine plan has Coronation pit commencing in Q4 2014 Macraes Reefton final cutback to be completed in Q3; open pit re
Slide 14: Sustainability
Sustainability 14 OceanaGold Corporation Innovation Performance Growth
Slide 15: Sustainability Highlights
Sustainability Highlights VIP attendee at the International River Water Treatment Plant at Didipio Symposium Sep 15-18 in Canberra Sponsoring up and coming river professionals at International River Symposium 15 OceanaGold Corporation Innovation Performance Growth
Slide 16: Financial Results
Financial Results 16 OceanaGold Corporation Innovation Performance Growth
Slide 17: Financial Position (as at Jun 2014)
Financial Position (as at 30 Jun 2014) Liquidity Cash $46m TOTAL AVAILABLE LIQUIDITY: $128m Undrawn Revolving Credit Facility $82m Core Debt TOTAL DEBT (incl. Revolving Credit Facility $118m equipment leases): $156m Debt Repayment Repayment of Borrowings $94m last 18 months • On 27 June 2014, announ
Slide 18: Consolidated Financial Results
Consolidated Financial Results YTD YTD USDm Q2 2014 Q1 2014 Jun 2014 Jun 2013 Revenue 127.5 170.4 297.8 226.9 Operating costs1 (97.9) (69.4) (167.2) (137.3) EBITDA2 29.6 101.0 130.6 89.6 Depreciation & amortisation (31.4) (33.4) (64.8) (69.4) Net interest & finance costs (2.8) (2.4) (5.3) (12.7) Ear
Slide 19: Consolidated Cash Flows
Consolidated Cash Flows YTD YTD USDm Q2 2014 Q1 2014 Jun 2014 Jun 2013 Opening cash balance 42.1 24.8 24.8 96.5 Operating cash inflows 52.7 73.3 126.0 31.3 Investing expenditure (31.1) (24.1) (55.2) (90.2) Free cash flow 21.6 49.2 70.8 (58.9) Financing cash inflows/(outflows) (12.6) (25.2) (37.8) (3
Slide 20: Outlook
Outlook On track to achieve full year production and cost guidance Didipio production expected to increase steadily as operations advance Stage 3 of open pit into higher grade zones Increasing throughout put rate to planned 3.5 Mtpa by year end at Didipio Didipio optimisation study and New Zealand s
Slide 21: oceanagold.com
oceanagold.com Innovation Performance Growth