Back To Work Back To Work Back To Work Back To Work Q2 F2008 - PowerPoint PPT Presentation

Back To Work Back To Work Back To Work Back To Work Q2 F2008 Results 31 January 2008 y

Forward Looking & Cautionary Statements Forward Looking & Cautionary Statements This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. publication, availability or use would be contrary to law or regulation. This presentation does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any This presentation does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities referred to herein. The capital raising and other information in connection with the capital raising in certain jurisdictions may securities referred to herein. The capital raising and other information in connection with the capital raising in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. securities laws of any such jurisdiction. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless they are and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless they are registered under the Securities Act or pursuant to an exemption from registration. No public offer of the securities is being made in the registered under the Securities Act or pursuant to an exemption from registration. No public offer of the securities is being made in the United States. United States. This document is not an offer of securities for sale in any jurisdiction. Certain statements in this presentation constitute “forward looking This document is not an offer of securities for sale in any jurisdiction. Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. 1934. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or actual results, performance or achievements of the company to be materially different from the future results, performance or t t l l lt lt f f hi hi t t f th f th t t b b t t i ll diff i ll diff t f t f th th f t f t lt lt f f achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: overall economic and business conditions in South Africa, Ghana, Australia, Venezuela and elsewhere; the ability to among others: overall economic and business conditions in South Africa, Ghana, Australia, Venezuela and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; the success of exploration and achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold development activities; decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labor disruptions; availability, terms and deployment of capital; changes in relevant government regulations, mining; the occurrence of labor disruptions; availability, terms and deployment of capital; changes in relevant government regulations, g; g; p p ; ; y, y, p y p y p p ; ; g g g g g g , , particularly environmental regulations and potential new legislation affecting mining and mineral rights; fluctuations in exchange rates, particularly environmental regulations and potential new legislation affecting mining and mineral rights; fluctuations in exchange rates, currency devaluations and other macroeconomic monetary policies; and political instability in South Africa, Ghana, regionally in Africa currency devaluations and other macroeconomic monetary policies; and political instability in South Africa, Ghana, regionally in Africa or in Venezuela.. These forward looking statements speak only as of the date of this document. or in Venezuela.. These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or g g p p p p y y y y g g circumstances after the date of this document or to reflect the occurrence of unanticipated events. circumstances after the date of this document or to reflect the occurrence of unanticipated events. 2

Introduction Introduction Ian Cockerill Chief Executive Officer Chief Executive Officer

4 Introduction Introduction

Introduction Introduction Highlights Highlights Net Earnings • Up 350% to R1,938m Normalised earnings • Up 48% to R603m Operating margin Operating margin • Up strongly to 38% • Up strongly to 38% Production • Down 3% to 960,000oz Unit cash costs • Up 3% to R101,532/kg Dividend Dividend • Nil interim dividend • Nil interim dividend Gold Price Captured in Margin Growth Gold Price Captured in Margin Growth 5

Introduction Introduction Corporate Action Corporate Action Essakane Essakane Choco 10 Choco 10 Sold to Orezone Sold to Orezone Sold to Rusoro Sold to Rusoro US$ 205 million US$ 205 million US$ 532 million* US$ 532 million* * Priced on the day of the sale Upgrading the Portfolio Upgrading the Portfolio 6

Introduction Introduction Cerro Corona Project Cerro Corona Project LOM Salient Features LOM Salient Features Revised Schedule Ore 6.2mtpa On Track Au Au 150koz 150koz Cu 57mlb Cu (26kt) Transition and Au equiv* 360koz pa* Operating Operating Teams in Strip ratio 0.58 X Place Full Cash costs ~ US$320/oz Production Production Capital US$421m Q1 F09 EBITDA contribution* = (0.15*900 + 57*3.3) EBITDA contribution* = (0.15*900 + 57*3.3) – – (120) = ~US$203mpa (120) = ~US$203mpa * Au equiv and EBITDA calc : US$900/oz Au and US$3.3lb and typical LOM parameters 7

̵ ̵ ̵ ̵ ̵ ̵ ̵ ̵ Introduction Introduction Consequences of Power Shedding Consequences of Power Shedding • 10% energy saving imposed by Eskom • 10% energy saving imposed by Eskom Energy efficiencies across all mines Energy efficiencies across all mines Potential shedding of marginal production Potential shedding of marginal production • Reviewing power constrained options for South Deep • Reviewing power constrained options for South Deep • Q3 08 Production: down 20% to 25% • Q3 08 Production: down 20% to 25% Q3 08 P Q3 08 P d d ti ti d d 20% t 20% t 25% 25% Christmas break Christmas break Power shedding Power shedding • Steady state production at 90% power: down 15% to 20% • Steady state production at 90% power: down 15% to 20% South African Mines Back At Work South African Mines Back At Work 8

Financial Review Q2 F2008 Financial Review Q2 F2008 Nick Holland Chief Financial Officer Chief Financial Officer