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Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 PRESENTATION TRANSCRIPT Nick Holland Chief Executive Officer Gold Fields Limited 2010 Global Metals & Mining Conference BMO Capital Markets


  1. Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 PRESENTATION TRANSCRIPT Nick Holland Chief Executive Officer Gold Fields Limited 2010 Global Metals & Mining Conference BMO Capital Markets Hollywood, Florida 1 � 3 March 2010 1

  2. Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 LEVERAGE TO THE GOLD PRICE Gold Fields Limited BMO Capital Markets 2010 Global Metals & Mining Conference Hollywood, Florida 1 � 3 March 2010 2 Forward Looking Statements INTRODUCTION Certain statements in this document constitute �������� looking ����������� within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. 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 achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; inflation and other macro- economic factors, industrial action, temporary stoppages of mines for safety reasons; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of this document. The company 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 document or to reflect the occurrence of unanticipated events. FORWARD LOOKING STATEMENTS 2

  3. ��������������������� Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 3 Our Value Proposition INTRODUCTION No hedging 81 Moz of reserves Rising production outlook Brownfields growth opportunities at most of its assets Exploration portfolio maturing rapidly Leverage to the gold price GENERATING FREE CASH FLOW Thank you and good morning Ladies and Gentlemen. Gold Fields offers you a company that is completely unhedged. We offer you long life ore bodies, 81 million ounces of reserves. We have a rising production profile ahead of us and we also have significant brownfields and greenfields growth opportunities into the company. We also provide leverage to the gold price and free cash flow, both of which I will demonstrate to you in this presentation. 3

  4. Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 4 Our Value Proposition INTRODUCTION 2009 TRAILING EV/EBITDA 18 16 14 12 10 8 6 4 2 0 AU ABX NEM GFI Source: BMO Nesbitt Burns UPSIDE POTENTIAL This is how the market sees us. ������������������������������ gives you an idea of how Gold Fields is rated against some of its peers. I find ������������������������������������������������������������������������������ , considering our value proposition on the previous slide and the fact that we have long-life, quality ore bodies. 4

  5. ��������������������������������������������������������������������������������������������������������������� Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 5 Our Vision INTRODUCTION To Be The Global Leader In Sustainable Gold Mining A SIMPLE YET COMPELLING PROPOSITION ������������������������� the global leader in sustainable gold mining. Not the biggest, we want to be the best at what we do. I �������������������������������������������������������������������������������������������������������� ��������������������� have a problem with having some copper in the portfolio if we mine the copper with the gold. But predominantly, we are a gold company. safe, to operate in accordance with environmental standards and to make sure that we leave something ����������������������������������� 5

  6. Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 6 Our Strategy INTRODUCTION Free Cash Flow Notional Cash Expenditure* Sweat Our Assets Grow Gold Fields Secure Our Future * NCE = Notional Cash Expenditure � Total Cash Cost plus all capital Cost transparency � ������������������������������� THE TRUE MEASURE OF FREE CASH FLOW Our vision translates into a number of strategic thrusts. The first one is to make those 81 million ounces of reserves work for us, to sweat the assets and make sure that the infrastructure is doing what it should be doing, and that our assets are delivering the potential inherent in them. Secondly, we want to make sure that we can deliver growth in those assets and also deliver new projects for the company. Thirdly, maintaining our licence to operate is absolutely critical to us. 6

  7. �������������������������������������������������������������������������������������������������������������� Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 7 Our Strategy INTRODUCTION International Diversification F2010 Production Production Split Split* Target � 5 Years 40% 42% 58% 60% South Africa South Africa International International * F2010 YTD annualised International growth from a strong South Africa base FOCUSED ON DISCOVERY In terms of international diversification this is where we currently stand. We have around about 42% of our production coming from outside of South Africa. Two to three years ago that was about 35%, so we certainly have made progress. country. Having said that, South Africa is always going to be an important base for the company, in particular with the South Deep mine building up. South Deep is going to continue long into the future and will probably be ���������������������������������������������������������������������������������� and highly mechanised. 7

  8. ������������������������������������� Presentation Transcript Nick Holland 2010 Global Metals & Mining Conference 1 to 3 March 2010 8 Our Strategy INTRODUCTION Grow Gold Fields Five-Year Target 1) Deliver existing assets West Africa ~1 moz 2) Grow existing assets 3) Exploration Success South America South Africa Australasia ~ 1 moz ~ 2.2 to ~2.5 moz ~ 1 moz No M&A heroics ��������������������������������� ieve it. Over the past 18 months we have restructured the company into four operating regions and we have devolved a lot of authority to the regions to drive the particular strategy that we are following in each of the regions. The regions also provide a platform for growth. The best place to find gold ���������������������������������������������������������������������������������� operations, but they also correspond with known geological endowment around the world. We have also restructured our corporate head office. We had about 190 people 18 months ago. Today we have 60 people. So most of the horsepower is in the regions. 8

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