Ascend / Barrick Gold Slide Deck

Learn how Barrick Gold streamlined their Financial Close and Planning Process by replacing multiple disparate & siloed systems with one unified application.

Barrick Gold’s OneStream Journey & Roadmap

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Welcome & Panel Introductions

Ascend Partners Introduction

Barrick Gold Introduction4

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OneStream Introduction Questions & Answers

Summary

Agenda

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Our Panel

Peter PopalisManaging Partner

Craig ColbyPresident

Sylvia WangEPM Implementation Manager

Etienne DurafourDirector, Financial Systems Integration

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Corporate OverviewA Modern Platform for Corporate Performance Management

OneStream Overview

An Intelligent Finance Platform for the Modern Enterprise

The value of modern finance lies not in eliminating complexity

But in navigating the enterprise through it

Finance Needs to Lead @ Speed

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Platforms vs. Point SolutionsAre the Foundations for Conquering the Complexity of Transformation

… extensible mobile platform… extensible CRM platform… extensible CPM platform

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OneStream at a Glance

100% Customer Success

World Class Support100% SLA Compliance

Embedded Diagnostics/One SolutionDirect Link to Development

90% First Response Under 40 Minutes

Visionary LeadershipDomain Experts • Inventors

Bob PowersHFM Inventor

Hyperion VP R&D

Tom SheaFDM Inventor

Founded UpStream

Domain ExperienceSales • Services • Support

Over 900 Employees10+ Years Avg. CPM Experience

200+ Partners Globally

Industry Accolades

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100% 800+

70% 140K

Customer Success Customers

Converted from multi-product

deployments of Oracle Hyperion, SAP or IBM

Users in Finance and LOBs

By the Numbers

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CPM 1.0/Connected Finance – FragmentedMultiple Applications, Points of Maintenance and Data Integration

SAPORACLE

NETSUITEORACLE

E-BUSINESSSUITE

WORKDAY MICROSOFTDYNAMICS

Financial Consolidation

Planning and Budgeting

Statutory Reporting

Account Recons

Mgmt Reporting

Tax Provision Long Range Planning

Cash Forecasting

Operational Planning

ProfitabilityLease Accounting

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CPM 1.0/Connected Finance – FragmentedMultiple Applications, Points of Maintenance and Data Integration

SAPORACLE

NETSUITEORACLE

E-BUSINESSSUITE




Statutory Reporting

Account Recons

Mgmt Reporting

Tax Provision Long Range Planning

Cash Forecasting

Operational Planning

ProfitabilityLease Accounting



Profitability

Narrative Reporting

Long Range PlanningTaxAccount Recs

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Unleash the Power of Finance with a Unified Platform

OneStream’s Intelligent Finance Platform

SAPORACLE

NETSUITEORACLE

E-BUSINESS SUITE


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Empower the Enterprise with Financial and Operational Insight


SAPORACLE

NETSUITEORACLE

E-BUSINESS SUITE


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Evolve and Scale to Support Growth


Extend Your Investment

SAPORACLE

NETSUITEORACLE

E-BUSINESS SUITE


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Unique Advantages

Specifically Designed to Conquer Complexity so Finance Can Lead @ Speed

MARKETPLACEDATA BLENDINGEXTENSIBLE DIMENSIONALITY®

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Plan & Report Without Compromise

Unique Advantage: Extensible Dimensionality®

Net Sales

Operating Sales

IC Sales

Returns & Allowance

Other Outside Sale

Operating Sales

IC Sales

Returns & Allowances

Other Outside Sales

Operating Sales

IC Sales


Other Outside Sales

IC Sales


Other Outside Sales

Third Party Sales

OEM Sales

Subassembly

Part Sales

Operating Sales

Management Rev.

Corporate Events

Event Revenue

Services RevenueServices Revenue

Management Rev.

Net Sales Net Sales Net Sales

Event Revenue

Non-Corp. Events

Corporate Standard Manufacturing | Actuals Services | Actuals Services | Budget

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Financial Signaling In Action

Daily / Weekly Operational& Financial Data

• Supplier Performance

• Orders and Shipments

• Customer Churn

• Working Capital

• Days Sales Outstanding (DSO)

Monthly Financials

• Consolidated Actuals

• P&L, Balance Sheet, Cash Flow

• Financial Plans & Forecasts

• Operational Plans

• Management Reporting

• Analysis

Week 1Week 2

Week 3Week 4

FINANCIAL INTELLIGENCE

The Financial Intelligence to Make Mid-Stream Decisions that Can Impact Month-End Results

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Accelerate Insights with 50+ Pre-Built Solutions

Unique Advantage: OneStream MarketPlace

Productivity Tools

GuidedReporting

Parcel Service

Task Manager

Data Entry123

SystemDiagnostics

Planning & Analysis

PeoplePlanning CapitalPlanning

CashPlanning

Predictive Analytics 123

Sales Planning

Financial Close & Reporting

Account Reconciliations

Transaction Matching

Compliance Solutions

TaxProvision

Apps Control Manager

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Ascend Partners Introduction

As the first OneStream partner in Canada, Ascend Partners focuses exclusively on the OneStream platform. We have successfully implemented most Canadian OneStream projects and partner with OneStream Services for complex global roll-outs. We have been there since the beginning.

Our Approach Our Solutions Our Goal

With the Ascend Advantage, your cloud-based financial technology solution is configured to your unique needs, implemented alongside your team for better training and learning opportunities, faster launches and immediate realization of the benefits of OneStream's SmartCPM.

Our Expert Team will help you understand just how powerful a CPM solution can be for future growth, process efficiency, cost reduction and innovation⬥ Financial Close & Consolidation⬥ Planning, Budgeting & Forecasting⬥ BI Reporting and Analysis⬥ Account Reconciliation

Your Trusted Advisor for the professional implementation of a sophisticated solution specifically tailored to your exact business needs, with continued support to help meet your future needs

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Ascend Partners Your Uniquely Qualified Delivery Partner

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Marketplace

Introduced OneStream to the Canadian marketplace and focusing solely on OneStream consulting & implementations

First OneStream partner in Canada; a Platinum partner since 2018 and Diamond partner status elevation coming in 2021

Partner Status

Our Team

A combination of globally-based senior Chartered Professional Accountants (CPA’s) and highly skilled technical OneStream specialists including architects, data integrators and developers

Master Application

Pre-built master application as a foundation to accelerate implementation

and minimize business disruption

Tools & Templates

Structured framework and repeatable processes; standardized tools and

templates to streamline design

Team Experience

Working together as a cohesive team on projects for many years; executed over 25 sophisticated OneStream

implementations in the past six years

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Ascend Partners Leadership

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Ascend Partners Key Facts

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⬥ 40+ OneStream consultants around the globe

▪ 30 based in Canada (coast to coast)▪ 5 based in India▪ 1 based in United Arab Emirates▪ 3 based in Eastern Europe▪ 2 based in Argentina▪ 1 based in the USA

We are geographically diverse and well positioned to support new and existing clients around the globe

We invest heavily in training to ensure our team continues to grow and build their skills, enabling us to put forward the most talented and capable OneStream consultants for the job

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Canadian Customers

Our focus is 100% OneStream

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Barrick Gold Introduction

• Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries.

• With mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia.

• Headquartered in Toronto, Ontario, Canada, employing 21,000 + employees globally.

Our Vision Our Mission Our Goal

Attract and develop strong, world-class people who are informed and involved in the processes of the company. Who act with integrity, and are tireless in their pursuit of excellence.

To be the world’s most valued gold mining business by finding, developing, and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners.

Build a Sustainable Legacy. We earn our social license by being a valued member of our host communities by creating economic activity. We manage the impact of our operations and strive to be the industry learn in safety, health and environmental practices.

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Donlin Gold

Golden Sunlight

Nevada Gold Mines

Fourmile

Hemlo

Corporate office, TorontoGold producingProjects

Corporate officeIn closure

USA

CANADA

North America…

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Latam & Asia Pacific...

Pueblo Viejo

Porgera

Pierina

Norte Abierto

Pascua-Lama

Alturas

Zaldívar

Veladero

Gold producingProjectsCopper producing

In closureCare and maintenance

PERU

CHILE ARGENTINA

PAPUA NEW GUINEA

DOMINICAN REPUBLIC

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Africa & Middle East… Loulo-Gounkoto

Tongon

Lumwana

Jabal Sayid

Kibali

North Mara

Bulyanhulu

Buzwagi

Gold producingCopper producing

SENEGAL

CÔTED’IVOIRE

ZAMBIA

TANZANIA

SAUDI ARABIAMALI

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• Barrick consolidate 400+ legal entities

• Barrick report at the group consolidation level in USD and under IFRS. In some tax jurisdictions, we are also reporting in Local GAAP.

• Consolidation method include :

• Equity accounted

• Fully consolidated (with NCI)

• Proportionally consolidated

• Attributable share (for management reporting)

Latest group financial results Q2 2021…Financial Results Q2 2021 Q1 2021 Q2 2020 H1 2021Revenue ($ million) 2,893 2,956 3,055 5,849

Net earnings ($ million) 411 538 357 949

Adjusted net earnings ($ million)4 513 507 415 1,020

Adjusted EBITDA9 1,719 1,800 1,697 3,519

Net cash provided by operating activities ($ million)

639 1,302 1,031 1,941

Free cash flow ($ million)10 (19) 763 522 744

Net earnings per share ($) 0.23 0.30 0.20 0.53

Adjusted net earnings per share ($)4 0.29 0.29 0.23 0.57

Total attributable capital expenditures ($ million)11 518 424 402 942

Cash and equivalents ($ million) 5,138 5,672 3,743 5,138

Debt, net of cash ($ million) 14 (519) 1,425 14

Dividend per shareii ($) 0.09 0.09 0.08 0.18

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Question 1

Discussion: The Hyperion Environment Barrick Gold was on and various issues in consolidation and planning.

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● Consolidation/planning needed significant reconciliation using FDMEE mappings

● Consolidation/planning in 2 different applications● Hyperion Financial Management and Hyperion Planning (6

applications) were old legacy systems with complex scripts ● Limited Life of Mine (LOM) capabilities in Hyperion ● Systems inefficiency during consolidation process


Question 2

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What went into the decision to go to SAP S4Hana and was there any evaluation of SAP’s CPM toolset and why was that ruled out?

● Consolidation not seen as SAP’s strength. E.g. BPC and the new cloud solution

● Complex ABAP rules needed to be developed


Question 3

What was the decision point of OneStream versus the Hyperion upgrade?

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● Actual and Planning share the same system● Workflows and security● Drill down capabilities ● Cashflow automation● Interco elimination● Interfaces with SAP S4● Admin and support ● Cost


Question 4

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Where is Barrick Gold currently in their OneStream roadmap and what benefits have you realized or seen?

Roadmap Status:● Consolidation of Actuals TBs live since October 2020● Planning went live March 2021, 80% globally deployed pending African

operations

Benefits:● Actual and Planning sharing the same metadata and ratios calculations● Workflows ● Drilldown and drillback capabilities to SAP● Cashflow automation● Elimination of Interco ● Easy upgrade


Question 5

What do the next phases for OneStream look like?

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● Project Stabilization (reinforce training and automation)● OneStream -> SAP drillback● Tax provision solution implementation● Further standardization of reporting and enhanced analytics

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Summary

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● Leader in Reporting in the Mining Industry

● Rapid scalability to simplify the acquisition process

● Single point of maintenance enabling more business agility

● Endless opportunities through existing and upcoming marketplace

solutions

● Streamlining communications between FP&A teams

● Elimination and reduction of business silos

+1 (416) 617-7572

[email protected]

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Thank You!Contact Information

Ascend / Barrick Gold Slide Deck

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