Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Investor Presentation (November 2007)
22 slides from Whitehaven Coal's investor presentation, Nov 8, 2007
Slide 1: Whitehaven Coal Analyst Presentation
For personal use only Whitehaven Coal Analyst Presentation November 2007
Slide 2: Disclaimer
Disclaimer For personal use only Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Whitehaven Coal Limited, industry growth or other trend projec
Slide 3: WHC corporate profile
WHC corporate profile For personal use only X Established in 1999 by proven coal developers and operators (principally Keith Ross and AMCI) X WHC has been profitable every year since mining first commenced in September 2000. • 2007 profit of $24.1m X Listed on the ASX in June 2007 with 323 million s
Slide 4: Gunnedah Basin – An important emerging coal province
Gunnedah Basin – An important emerging coal province For personal use only X Centre of gravity of NSW coal industry has been ‘migrating’ inland. − Depletion of ‘easier’ reserves in NSW coastal coal fields − Development of inland infrastructure and communities − Identification of large, high quality
Slide 5: WHC's assets
WHC’s assets For personal use only Narrabri North and Narrabri South (100%) S Coal Type: Thermal Bonshaw (66.7%) S Underground mine in development (North) S Coal Type: Coking and exploration project (South) S Exploration prospect S Forecast first coal production: Q4 CY2008 S Life >30 yrs at +6 Mtpa
Slide 6: Leading developer in the Gunnedah Basin
Leading developer in the Gunnedah Basin For personal use only X Whitehaven’s tenement area exceeds 233 km2 X Managed production of 3 Mtpa from 3 mines X Three new projects in the pipeline – Narrabri North (underground longwall) – Belmont (opencut) – Sunnyside (opencut) X Substantial regional resourc
Slide 7: Canyon (100%)
Canyon (100%) For personal use only Strip ratio of 8.5 : 1, coal production of 0.75 Mtpa ROM 6
Slide 8: Tarrawonga (70%)
Tarrawonga (70%) For personal use only Strip ratio of 7.0 : 1, coal production of 1.5 Mtpa ROM 7
Slide 9: Werris Creek (40%)
Werris Creek (40%) For personal use only Strip ratio 4.6 : 1, coal production of 1.3 Mtpa ROM 8
Slide 10: Substantial portfolio of superior quality coals
Substantial portfolio of superior quality coals For personal use only Project Resources Marketable Reserves (Mt) (Mt) Whitehaven Mining Precinct 150.0 22.2 Werris Creek 26.3 7.5 Narrabri North 229.6 83.8 Narrabri South 208.7 TBA Total 614.6 113.5 Ongoing exploration and technical studies are expecte
Slide 11: Relatively high ROM productivity
Relatively high ROM productivity For personal use only ROM Production / Employee (NSW Opencut Mines) 10
Slide 12: High yield = high saleable productivity
High yield = high saleable productivity For personal use only Whitehaven’s mines average saleable yield of 93% vs. Hunter Valley average of ~75% Saleable production / Employee (NSW opencut mines) 11
Slide 13: Competitive FOB cost structure
Competitive FOB cost structure For personal use only High yield, quality and productivity offset transport distance Extra rail costs v Whitehaven’s advantages 12
Slide 14: High growth portfolio
High growth portfolio For personal use only Planned Production Growth by Mine (100%) 12 10 Production (Mtpa) 8 6 Narrabri North Werris Creek 4 WMP 2 0 FY2006a FY2007a FY2008f FY2009f FY2010f FY2011f X Planned ~4-fold increase in production over the next 4 years − Sunnyside and Belmont expected to co
Slide 15: Narrabri North
Narrabri North For personal use only • Development Approval expected late CY2007 • Construction to commence early CY2008 • First coal production expected late CY2008 • Longwall (stage 2) planning well advanced • Coal quality and yield expected to provide low cost, high profitability • High quality t
Slide 16: Narrabri North (continued)
Narrabri North (continued) For personal use only 15
Slide 17: Narrabri South
Narrabri South For personal use only • Exploration since ASX listing in May has increased resources at Narrabri South by ~110 Mt • Central Narrabri North infrastructure to service future development • Potential for multiple longwalls • Product quality and yields similar to Narrabri North • Narrabri
Slide 18: Narrabri a major development project
Narrabri a major development project For personal use only • Large resource of high quality coal adjacent to rail infrastructure • Favourable conditions for high productivity underground mining and high yield of saleable coal • Suitable for staged development of multiple longwalls, serviced by commo
Slide 19: Rail infrastructure to meet Whitehaven's growth
Rail infrastructure to meet Whitehaven’s growth For personal use only X Current rail capacity is ~4 Mtpa north of Werris Creek and ~7 Mtpa south of Werris Creek…sufficient to meet Whitehaven’s current production X Planned rail capacity is sufficient for Whitehaven’s needs for the medium term − 15 Mt
Slide 20: Port infrastructure to meet Whitehaven's growth
Port infrastructure to meet Whitehaven’s growth For personal use only X Existing PWCS Terminal − PWCS port at Newcastle is experiencing capacity constraints − PWCS’s current capacity of ~90 Mtpa will be expanded to 95 Mtpa in 2008 and a further expansion is planned to increase capacity to 113 Mtpa i
Slide 21: WHC in summary
WHC in summary For personal use only X The leading coal developer in the emerging Gunnedah Coal Basin; X Large resources of high quality export coals, in strong demand from Asian consumers; X Three existing mines, performing well; X Substantial growth plans over the next 5 years, centred on the Narr
Slide 22: Qualifications and Statement
Qualifications and Statement For personal use only • The information in this report that relates to Coal Reserves and Resources at Narrabri North and Narrabri South is based on information compiled by Mr Pat Hanna, who is a Member of the Australian Institute of Geoscientists. Mr Hanna FAusIMM, MAIG
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