Slide 1: 2024 Full Year Financial Results
2024 Full Year Financial Result s Twelve months ended December 31, 2024 Invest or Pr esent at ion February 24, 2025
Slide 2: Important Information
Impor t ant Infor mat ion Forward-looking statements This document contains certain “forward-looking statements”. The words “forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”, “may”, “target” and other similar expressions are intended to identify forward looking st
Slide 3: 2024 Highlights
2024 Highlights Safety Production 0.30 SAFR 13.8 Mt Industry Average of 0.69 1 13.2Mt, 20232 FOB Cash Cost 3 Underlying EBITDA4 89 US$ /t 700 US$ m US$86/t, 2023 2 US$1,100m, 2023 Operating Cash Flow Final Dividend 408 US$ m 6.7 US cps US$737m 2023 Total 11.1 US cps declared, 20245 STANMORE | 2024 F
Slide 4: Operating Performance
Operating Per for mance
Slide 5: Safety Performance
Safet y Per for mance Enhancing safety and proactive risk management SAFR and Industry Average1 0.69 0.59 0.55 0.56 0.48 0.46 0.35 0.30 0.19 Jun 24 Dec 23 Dec 24 Sep 24 Mar 24 Industry Average SAFR TTM SAFR TTM • Two serious accidents in 2024; both in the first half and related to line of fire hand
Slide 6: Operational Highlights
Oper at ional Highlight s Operational excellence driving record production amidst significant project activity on site Consolidated Record production results First coal from Y-South and across the portfolio, achieved Ramp-10 box cuts at South in unison with execution of Walker Creek and Poitrel, larg
Slide 7: Operational Performance Summary
Oper at ional Per for mance Summar y Record ROM production at each site underpinned by operational discipline Consolidated Saleable Production South Walker Creek Poitrel Isaac Plains Complex 13.8Mt Production and Strip Ratio6 13.2Mt, 20232 9.8 Production and Strip Ratio6 Production and Strip Ratio
Slide 8: Operational Financial Performance
Oper at ional Financial Per for mance Solid Underlying EBITDA underpinned by strong volumes partially offsetting the impact of lower prices FOB Cash Cost Walk-Forward Analysis3 (US$/t) 2 • Strong volumes and favourable currency 2 9 89 movement partially offset by higher strip ratio and cost headwind
Slide 9: Financial Results
Financial Result s
Slide 10: Financial Scorecard
Financial Scor ecar d Robust operating performance delivering financial resilience and supporting ongoing shareholder returns Revenue Underlying EBITDA4 Underlying EBITDA Margin8 2,396 US$ m 700 US$ m 29 % US$2,804m, 2023 US$1,100m, 2023 39%, 2023 Operating Cash Flow Net Debt/(Cash)9 Total Liquidity1
Slide 11: Summarised Financial Results
Summar ised Financial Result s Strong volumes support earnings generation despite lower pricing environment Pr ofi t and Loss St at ement 13 2024 2023 Total Income 2,496 2,807 • Total income lower year-on-year with lower Average Sales Price, partially Underlying EBITDA4 700 1,100 offset by higher sal
Slide 12: Cash Flow and Debt Movements
Cash Flow and Debt Movement s Strong operational cash flows provide strong base for disciplined capital allocation Cash Flow Walk-Forward13 (US$m) • Net Cash from operations after (254) capital expenditure of US$364 million, including payment of a one- off tax liability of US$170 million 1,010 (349)
Slide 13: Capital Management
Capit al Management Balanced approach to capital allocation building operational and financial resilience Capital Allocation Since May 1, 2022 (US$m) • Total capital allocation of more than US$1.6 billion and total Dividends11 Government taxes and royalties Major Projects19 paid of over US$1.8 billio
Slide 14: Projects & Growth
Projects & Gr owt h
Slide 15: Capital Investment Program
Capit al Invest ment Pr ogr am Significant capital investment program largely executed in full by early 2025 Major Projects Timeline Planned Cost Actual / Projected Cost • Major capital investment 2023 2024 2025 program, with more than US$360 million in projects SWC MRA2C approved since the acquisiti
Slide 16: South Walker Creek Expansion Case
Sout h Walker Cr eek Expansion Case Delivery and coordination of multiple significant work packages has largely been completed Project Expansion Related Highlight s Pr oject s Y-South Box-Cut Access to ~13Mt (ROM) of high quality, low strip coal at short 1. Delivers expanded mine capacity of 9.4 mi
Slide 17: Project Spotlight - MRA2C Creek Diversion
Pr oject Spot light - MRA2C Cr eek Diver sion Creek diversion opened January 2025, ahead of schedule and below anticipated spend Project Fundamentals Project Works Highlights Outlook Unlock Access to Coal 500 hectares of land clearing, Savings 58 million tonnes (ROM) of reduced by 10% from initial
Slide 18: Organic Growth Opportunities
Or ganic Gr owt h Oppor t unit ies Portfolio of growth projects to strengthen position in the Bowen Basin Isaac Downs Extension26 Strategic ‘Moranbah’ Complex Agreement to commence mining within Designated Area of Moranbah South to improve economic viability IPC Natural life extension project of
Slide 19: Decarbonisation Initiatives
Decar bonisat ion Init iat ives Stanmore aims to identify and deliver projects that complement our operating portfolio South Walker Creek Partnership to Establish Achievements & 20MW Gas-t o-Elect r icit y Pongamia Plant at ion Out look Pilot project is the first to be granted Builds on ongoing rese
Slide 20: Sustainability & People
Sustainability & People
Slide 21: Sustainability
Sust ainabilit y Enhancing our practices to create a lasting positive impact Sustainability Pillars & Key Achievements Mat er ialit y Topics 2024 Envir onment • Climate Change and Decarbonisation 1. Group Environment Policy Endorsed • Water and Waste Management 2. Progression of the Decarbonisation
Slide 22: People and Community
People and Communit y Enhancing our contribution to the regions and economic development People34 Community Economic Contribution Female Participation 924 20% 19%, 2023 Local Supplier Spend35 Indigenous Spend36 A$ Indigenous Representation m 12% 8%, 2023 Board Gender Diversity 239 A$ m 5.2 A$ m Tota
Slide 23: Metallurgical Coal Market Outlook
Metallurgical Coal Mar ket Out look
Slide 24: Product Mix and Customer Base
Pr oduct Mix and Cust omer Base Stanmore maintains a diversified customer base in traditional and emerging markets Customer Mix Product Mix (2024, by tonnes) (2024, by revenue) 3% Europe 23% 34% 40% JKT 63% India SEA 24% 7% 6% Other Coking PCI Thermal STANMORE | 2024 FULL YEAR RESULTS 24
Slide 25: Historical Pricing Recap
Hist or ical Pr icing Recap Elevated China steel exports impacting on supply and demand dynamics throughout 2024 Metallurgical Coal Prices (US$/t) • Seasonal supply constraints and Indian restocking supportive of elevated hard coking prices in early 2024, 350 whilst PCI competed with Russian supply
Slide 26: Trade Flows
Tr ade Flows Demand remains robust for metallurgical coal, with future growth underpinned by expansion in India China Metallurgical Coal Imports by Origin a (% of total imports) 100% 140 • Continued growth in import demand, with strong 120 80% performance and market share from Mongolia 100 sustained
Slide 27: Market Dynamics
Mar k et Dynamics Recalibration of Chinese steel industry key factor for current pricing environment Metallurgical Coal Exports – Seaborne and Mongolian Landborne a 1. Supply Environment (Mt) 100% • Continued decline in Australian metallurgical coal 300 80% driving a reduction in relative market sha
Slide 28: 2025 Guidance
2025 Guidance
Slide 29: Production and Cost Guidance
Pr oduct ion and Cost Guidance Increased portfolio output following successful completion of major capital projects 2024 2025 Saleable Production Guidance39 Actuals Guidance40 • Increased saleable production guidance range compared to prior year, with ramp-up of the South Walker Creek expansion and
Slide 30: Contacts
Cont act s Invest or s Investors@stanmore.net.au +61 (7) 3238 1000 Media Media@stanmore.net.au +61 (7) 3238 1000 Regist er ed Addr ess Level 32, 12 Creek Street Brisbane, QLD, Australia, 4000 GPO Box 2602 Brisbane, QLD, Australia, 4000
Slide 31: Glossary of Terms and Footnotes
Glossar y of Ter ms and Foot not es ASP Average Sales Price 1. Reported as of September 30, 2024 by Resources Safety and Health Queensland 2. Consolidated production and financial performance for 2023 does not include Millennium BMC BHP Mitsui Coal Pty Ltd, subsequently renamed to Stanmore SMC Pty 3