New Hope Corporation Limited · ASX:NHC
New Hope — H1 FY2025 Earnings Presentation
19 slides from New Hope's earnings presentation, Mar 18, 2025
Slide 1: New Hope Group FY25 Half Year Results
New Hope Group FY25 Half Year Results ASX:NHC 18 March 2025
Slide 2: Important information about this document
Important information about this document The presentation in this document is in summary form only. It should be read together with New Hope Corporation Limited’s (“NHC’s” or “New Hope’s”) other announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. Whi
Slide 3: Highlights and performance summary
Highlights and performance summary Rob Bishop Chief Executive Officer New Hope Group FY25 Half Year Results 3
Slide 4: A strong first half for the 2025 financial year
A strong first half for the 2025 financial year Operational highlights1 Financial highlights1 Safety – TRIFR2 ROM coal production Fully franked interim dividend Underlying EBITDA3 4.08 8.3Mt 19¢ $517M 18% decrease 56% increase Per share 22% increase Saleable coal production Coal sales Cash from oper
Slide 5: Safety highlights – performance improving with ongoing focus
Safety highlights – performance improving with ongoing focus Total Recordable Injury Frequency Rate (TRIFR) All Injury Frequency Rate (AIFR) 5.41 5.15 33.70 33.32 4.99 32.60 4.76 32.03 29.77 30.20 4.08 29.69 27.10 2.60 2.55 2.44 Majority of incidents have been 2.12 non-critical first aid cases, rela
Slide 6: Operational highlights – higher production and lower unit costs
Operational highlights – higher production and lower unit costs Group saleable coal production (Mt) Bengalla Mine – steady-state production, Growth Project achieved +33% • Saleable coal production of 4.2Mt1, up 11 per cent. 1.3 • FOB cash cost3 of $68.3/t, a 16 per cent improvement. 4.1 • FY25 susta
Slide 7: Financial highlights – solid cash generation and shareholder returns
Financial highlights – solid cash generation and shareholder returns Cash flow from operating activities Investing in Bengalla Mine, New $317M Acland Mine, Malabar and EL9431 Realised price (incl. hedging) 517 $180/t 197 15% decrease 143 825 Underlying margin (incl. hedging) 186 10 FY24 Final $84/t
Slide 8: Capital management highlights – maximising returns to shareholders
Capital management highlights – maximising returns to shareholders Uses of cash flow • ~$400m growth capital1 at New Acland Mine, which is currently being optimised. Cash flows from our assets • $185m - $225m of sustaining capital guidance at Bengalla Mine for FY25. • Surplus cash and returns to sup
Slide 9: Production growth and disciplined cost control driving lower unit costs
Production growth and disciplined cost control driving lower unit costs Group FOB cash costs1 (A$/sales t) Unit costs of key Australian producers (A$/t) -16% FY20 FY23 160 81.3 FY21 FY24 0.6 3.4 FY22 H1FY25 2.6 140 13.2 120 New Acland Mine in ramp-up 9.4 100 80 77.7 60 68.3 40 20 - Bengalla Labour &
Slide 10: Low-cost operations provide greater resilience against coal price fluctuations
Low-cost operations provide greater resilience against coal price fluctuations Group underlying margin (A$ / sales t) gC NEWC 6000 & API-5 historical pricing (US$/t) 180 500 Underlying FOB cash cost 450 400 350 56 300 22 1 250 18 200 150 US$101/t2 84 100 50 - Realised FOR Port & rail Trade coal Roya
Slide 11: Low-cost production and organic growth provide an attractive outlook
Low-cost production and organic growth provide an attractive outlook Targeted saleable coal production increase (Mt) Organic growth 2.0x • Targeted saleable coal production increase provides cost-effective, 16 low-risk production growth. 14 12 Low-cost base • Generating continued strong margins desp
Slide 12: Appendices
Appendices New Hope Group FY25 Half Year Results 12
Slide 13: Our operations and markets
Our operations and markets Operating coal mines Agricultural operations Port facility Oil and gas production and exploration Bengalla Bengalla Bridgeport Energy (thermal) (80% joint Agricultural Surat, Cooper and Otway Basins venture, open-cut) Company Queensland Bulk Acland Handling Offices New Hop
Slide 14: Financial performance
Financial performance Underlying EBITDA1 $m Jan-25 Jan-24 1,747 1,577 $m $m 860 425 517 Underlying EBITDA before non-regular items1 517.3 424.8 367 Depreciation and amortisation (95.8) (75.9) FY21 FY22 FY23 FY24 31-Jan-24 31-Jan-25 Net interest income (7.1) 15.2 NPAT Profit before tax and non-regula
Slide 15: Bengalla Mine – achieving steady-state production
Bengalla Mine – achieving steady-state production • Disciplined and low unit cost operation delivering strong margins. • Long-term growth opportunities at AL19 and EL9431, both located to the West of the current operating pit. AL19 • On track to produce between 8.1Mt1 and 8.7Mt1 in FY25. Bengalla •
Slide 16: New Acland Mine – a clear runway to ~5Mtpa
New Acland Mine – a clear runway to ~5Mtpa • Saleable coal production of 1.2Mt for the first half of FY25 as ramp up progresses. • Steady-state operations will see New Acland Mine compete with Bengalla Mine on a FOR1 cash cost basis. • New Acland Mine is expected to remain below the threshold for Ma
Slide 17: Malabar Resources Limited – low-cost, long-life investment
Malabar Resources Limited – low-cost, long-life investment Maxwell Mine Project • Underground coal project possessing high-quality SSCC1 and thermal coal. • Bord and pillar and longwall operation. • ~6Mtpa of coal sales over a ~20-year approval period. • 300m longwall operating costs of $55/t (exclu
Slide 18: FY25 Guidance
FY25 Guidance 2025 guidance targets remains unchanged, apart from Bengalla sustaining capital which has been revised down from $200m - $245m to $185m - $225m FY24 FY25 Guidance Change1 H1FY25 New Hope Group ROM coal production (‘000t) 12,337 15,480 - 17,000 32% 8,278 Saleable coal production (‘000t)
Slide 19: Thank you
Thank you Contact us Level 18/175 Eagle St Brisbane City QLD 4000 (07) 3418 0500 newhopegroup.com.au