Slide 1: 2024 Quarter 3 Results Presentation
L IMITED = ge a SE Mag > Ss . 2024 QUARTER 3 RESULTS PRESENTATION - a “ASX: BRL att BATHURST RESOURCES LIMITED
Slide 2: Disclosure
DISCLOSURE General information This document is authorised for release by the board of directors of Bathurst Resources Limited (“Bathurst”) on the 29 April 2024. Bathurst's address is Level 12, 1 Willeston Street, Wellington 6011, New Zealand. = General disclaimer This presentation contains forward-
Slide 3: Sales by destination
For personal use only 17% Asia 7% New Zealand 51% Australia Europe 16% Other 9%
Slide 4: Bathurst in New Zealand
> For personal use onl BATHRUST IN NEW ZEALAND As the leading New Zealand coal producer, Bathurst provides energy for the agri- business sector, schools, hospitals and many other key players in the economy and society. Bathurst is also an exporter of high-quality coal for steel production primarily
Slide 5: For personal use only
For personal use only Maramarua Canterbury Takitimu
Slide 6: Safety Journey
SAFETY JOURNEY Quarter 3 2024 nly = There was one lost time injury for the quarter which occurred at © Rotowaro mine. A worker twisted their ankle when exiting the cab © of a fuel truck. Learning management system rsonal us ® Company-wide leaning management system implementation <_ commenced in Q3.
Slide 7: Export segment results vs budget
Q3 Actual Q3 Budget YTD Actual YTD Budget For personal use only Production (kt) 265.4 311.0 714.4 758.1 Sales (kt) 294.7 295.5 789.0 790.2 Revenue ($m) 108.9 94.5 243.8 231.0 EBITDA ($m) 50.4 40.5 94.3 86.4 • • •
Slide 8: North Island domestic results vs budget
Q3 Actual Q3 Budget YTD Actual YTD Budget For personal use only Production (kt) 111.7 125.5 213.1 228.9 Sales (kt) 106.1 110.0 250.3 260.1 Revenue ($m) 18.5 19.5 43.6 45.6 EBITDA ($m) 6.4 11.2 7.4 11.9 • • •
Slide 9: South Island domestic results vs budget
Q3 Actual Q3 Budget YTD Actual YTD Budget For personal use only Production (kt) 44.2 42.2 141.0 134.4 Sales (kt) 43.6 42.2 132.2 133.4 Revenue ($m) 6.4 6.1 18.3 18.5 EBITDA ($m) 3.4 2.4 9.5 9.9 • •
Slide 10: Segment results vs budget
Q3 Actual Q3 Budget YTD Actual YTD Budget For personal use only Production (kt) 59.8 59.1 183.7 176.1 Sales (kt) 66.0 59.0 184.8 176.3 Revenue ($m) 7.3 6.2 20.2 19.4 EBITDA ($m) 4.1 3.1 11.7 9.9 • • •
Slide 11: Financial Measures (NZD)
Financial Measures (NZD) Q3 Actual Q3 Budget YTD Actual YTD Budget Revenue ($m) 102.4 85.6 244.3 229.7 EBITDA ($m) 40.7 34.9 68.9 67.4 For personal use only Profit after tax ($m) 22.4 18.9 31.5 32.0 1
Slide 12: FY24 EBITDA Guidance $95M - $105M
FY24 EBITDA GUIDANCE $95M - $105M sm 180 e only S88 8 Oo OO 0 0 3 56 | 7) (68) (8) qa) =) 80 i 40 Cc O 20 WY 6 — (<b) FY23 EBITDA Export North Island South Island Telkwa FY24E EBITDA fon domestic incl. BT domestic incl. BRL — overheads overheads ©* Export market earnings are tied to the HCC benchmar
Slide 13: Export Price Outlook
EXPORT PRICE OUTLOOK 400 UsD/tonne Monthly USD HCC pricing 350 ——Actual ==Forwardcurve Guidance > oe ot oO ae oP ye ge * PP PP oo? ow gt ag pO WAV yu®™™ yA py9'™ GeP™ Ot Pe ynP™ yoo? > > kx be lk oP or ak oh nok Ds Ds ws ws Pr os gare yo > oF Y ws YO ge yo ge The Australian Premium HCC coal price ha
Slide 14: Looking Forward
LOOKING FORWARD BATHURST
Slide 15: For personal use only
For personal use only • • • • • • • • • • • • • •
Slide 16: Waipuna West Extension Overview
WAIPUNA WEST EXTENSION OVERVIEW >Location: Rotowaro Mine Cc CResource: 1,245kt Life of mine: FY28 Birip ratio: 20.2 © Cc tripping stage (current qe million bem per annum until CAugust 2025 — oO LL Pr ion futur August 2025, producing 350 kt per annum until FY28 BATHURST RESOURCES LIMITED
Slide 17: For personal use only
For personal use only Maramarua • • • Canterbury • Takitimu
Slide 18: Tenas Project Update
For personal use only TENAS PROJECT UPDATE Since acquisition in December 2023, the project has been advancing as planned with management and systems imbedded. Engagement with First Nations and the local community has been positive. Project Assessment Agreement expected to be executed with First Nati
Slide 19: Indicative production tonnes (100% basis)
Indicative production tonnes (Mt) (100% basis) 4 For personal use only 3 Crown Mountain 2 Tenas Project North Island – Current North Island - Extension 1 Export - Current Export - Extension South Island 0 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY40
Slide 20: Future Production Profile
FUTURE PRODUCTION PROFILE + 15 YEARS > 5 Indicative production tonnes (Mt) (equity basis) Crown Mountain JV Partner Crown Mountain BRL Telkwa BRL nakuse only eo) North Island JV Partner () North Island BRL io) Stockton JV Partner C) Buller BRL © Stockton BRL South Island BRL FY24 FY25 FY26 FY27 FY28
Slide 21: Changing Permitting Environment in New Zealand
CHANGING PERMITTING ENVIRONMENT IN NEW ZEALAND > Coalition government “C* National - ACT — New Zealand First ast-track Approvals Bill Fast-track approval regime for projects - including mining projects personal use o om © Resource Management Amendment Bill Ll.* Changes to Resource Management Act (19
Slide 22: Investor relations contact
For personal use only investor.relations@bathurst.co.nz
Slide 23: Marketable Coal Reserves
MARKETABLE COAL RESERVES Proven (Mt) Probable (Mt Total (Mt > z ie) Whareatea West 100% 0.0 3.0 3.0 A Stockton 65% 0.2 28 3.0 =) Upper Waimangaroa (Met) 65% O04 14 18 (qn) Takitimu 100% 0.0 07 07 S Rotowaro. 65% O4 0.6 1.0 ” Maramarua 65% V1 01 1.2 © Total 24% 8.64 10.74 o LL For more information, p
Slide 24: Growth projects
Growth projects Production Expected Life of Status For personal use only start date1 Mine4 • • • • •