Gold Fields FY 2022 Results

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Algemeen advies 24/02/2023 08:47
Forward Looking Statements
This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact included in this announcement may be forward-looking statements. Forward-looking
statements may be identified by the use of words such as “aim”, “anticipate”, “will”, “would”, “expect”, “may”, “could” “believe”, “target”, “estimate”,
“project” and words of similar meaning.
These forward-looking statements, including among others, those relating to Gold Fields’ future business prospects, financial positions, production and
operational guidance, climate and ESG-related statements, targets and metrics, are necessarily estimates reflecting the best judgement of the senior
management of Gold Fields and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the
forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances
and should be considered in light of various important factors, including those set forth in Gold Fields’ Integrated Annual Report 2021 filed with the
Johannesburg Stock Exchange and annual report on Form 20-F filed with the United States Securities and Exchange Commission on 31 March 2022 (SEC File
no. 001-31318). Readers are cautioned not to place undue reliance on such statements. These forward-looking statements speak only as of the date they are
made. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances
after the date of this announcement or to reflect the occurrence of unanticipated events.
Non-IFRS Measures
This presentation includes certain non-International Financial Reporting Standards (“IFRS”) financial measures, including earnings before interest, taxes,
depreciation, and amortisation (“EBITDA”), All-in Sustaining Cost (“AISC”), All-in Cost (“AIC”), all-in costs net of by-products, net debt, free cash flow and
adjusted free cash flow. These measures may not be comparable to similarly-titled measures used by other companies, and are not measures of Gold Fields;
financial performance under IFRS. These measures should not be considered in isolation or as a substitute for measures of performance prepared in
accordance with IFRS. The financial information contained in this presentation has not been reviewed or reported on by Gold Fields' external auditors.
Gold Fields | FY 2022 results | 23 February 2023

The Gold Fields value proposition
• A clearly defined purpose, vision and strategy
• A track record of meeting production and cost
• Disciplined capital allocation
• Strong balance sheet (Net debt/EBITDA:
• Commitment to dividends (new policy:
30% - 45% of normalised earnings) from
• Investing in sustaining capital
• Industry leading near-term production
growth with Salares Norte and South Deep
Gold Fields | FY 2022 results | 23 February 2023
• However, we need to look at inorganic opportunities for the longer-term
• M&A opportunities will focus on incremental growth and/or regional rather than transformational transactions

Salient features for FY 2022 and recent developments
• Safety: One fatality in 2022
• ESG: Gruyere and South Deep solar plants commissioned during 2022
• Operations: 3% YoY increase in attributable equivalent gold production
• Financial: Adjusted free cashflow of US$431m, All-in cost up 2% YoY
• Balance Sheet: US$265m decrease in net debt despite Salares Norte capital and dividends paid
• Dividends declared: Final dividend declared of R4.45/share bringing total dividend declared for 2022
to R7.45/share (Payout of 47.2% of normalised earnings)
• Management changes: Kelly Carter appointed EVP: Group Head of Legal and Compliance.
Recruitment process to replace other executives is at an advanced stage
• Salares Norte: Production to commence in Q4 2023

see &

Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord

Copyrights © 2000 by all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.