Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — Shareholder Meeting (May 2022)
38 slides from Coronado Global Resources's shareholder meeting presentation, May 26, 2022
Slide 1: ASX Announcement: 2022 Annual General Meeting Presentation
ASX Announcement 26 May 2022 For personal use only 2022 Annual General Meeting of Stockholders:Presentation Coronado Global Resources Inc (ASX: CRN) is pleased to provide a copy of the 2022 Annual General Meeting: Presentation to be delivered at the Annual General Meeting of Stockholders (AGM) on Th
Slide 2: Forward-Looking Statements
collect payments from our customers depending on their creditworthiness, contractual performance or otherwise; the prices we receive for our coal; the demand for steel products, which impacts the demand for our metallurgical, or Met, coals; risks inherent to mining, including sales related and maint
Slide 3: 2022 Annual General Meeting Presentation
For personal use only 2022 Annual General Meeting Presentation 26 May 2022 (All units in USD and metric tonnes, unless otherwise stated)
Slide 4: Chairman's Address
For personal use only Chairman’s Address Bill Koeck Independent Non-Executive Director and Chair 2
Slide 5: FY 2021 in Review
FY 2021 in Review Coronado well positioned to generate strong margins and cash flows at current price levels in FY22 For personal use only Total Revenue of $2,148 million, up 47% Net Income of $189 million, up 184% Adjusted EBITDA of $486 million, up 804% Closing Net Cash of $123 million, up
Slide 6: Capital Management
Capital Management Coronado’s capital management strategy focuses on maintaining a strong balance sheet, sustainable profits and investment flexibility through volatile price cycles, underpinned by operating safe and reliable operations that For personal use only produce high-quality Met coal for ou
Slide 7: Safety quote
For personal use only ‘Safety is the most important aspect of our operations and is our number one priority’ 5
Slide 8: COVID-19 Steering Committee
For personal use only ‘Coronado’s COVID-19 Steering Committee remains vigilant in dealing with variants and their impacts on our people, operations and customers.’ 6 6
Slide 9: Sustainability Actions and Commitments
Sustainability Actions and Commitments Coronado has a directional intent to have net zero operational emissions by 2050. For personal use only We commit to a 30% reduction in Scope 1 and Scope 2 ‘Coronado’s strives to be a socially greenhouse gas emissions by 2030. Advancing our action plan on g
Slide 10: Managing Director & CEO's Address
For personal use only Managing Director & CEO’s Address Gerry Spindler Managing Director & CEO’s Address 8
Slide 11: Health, Safety and Community
Health, Safety and Community Australian Operations (TRIFR) For personal use only 12 Australian Operations (TRIFR) Industry average (TRIFR) 10 8 6 4 2 US Operations (TRIR) 4 U.S. Operations (TRIR) Industry average (TRIR) 3 2 1 Notes: Total Recordable Injury Frequency Rate (TRIFR), is the number of fa
Slide 12: Coronado has a Unique Diversification Advantage
Coronado has a Unique Diversification Advantage Coronado supports Met coal customers on five continents Coronado is diversified across: Geography For personal use only Met coal product offering Seaborne Met coal markets Met Coal Product Offering Australia(1),(2) US(3) Key Met coal export desti
Slide 13: Strong demand and tight supply underpinning Met Coal Pricing
Strong demand and tight supply underpinning Met Coal Pricing Met coal index pricing reached a new record price of US$670/t in March 2022 For personal use only Metallurgical Coal Price Indices (US$/t) (1) Coronado Average Met Coal Realised Price (US$/t) (3) 700 PLV HCC FOB AUS LV HCC FOB USEC PLV HCC
Slide 14: Steel Demand Outlook Remains Strong
Steel Demand Outlook Remains Strong India steel production rates growing year-on-year Annual Forecast GDP Growth Percentage (1) India Total Crude Steel Production (Mt) (2) For personal use only 2021 2022 2023 402.9 8.8 8.1 7.0 6.4 6.3 5.7 5.3 +246% 4.9 5.0 4.7 4.0 4.1 184.6 3.2 136.4 146.6 3.0 3.1 1
Slide 15: Strong Metallurgical Coal Demand Through 2050
Strong Metallurgical Coal Demand Through 2050 Growth for seaborne Met coal is underpinned by Indian demand and blast furnace production For personal use only Seaborne Met Coal Supply (Mt) Seaborne Met Coal Demand (Mt) Global seaborne Met coal demand is forecast to grow 24% to 396 396 396 million t
Slide 16: Steel is a critical component for transition to a low-carbon economy
Steel is a critical component for transition to a low-carbon economy Blast Furnace steel production is essential in all low-carbon technologies and underpins renewable energy infrastructure future For personal use only Total Global Crude Steel Production (Bt) (2) (1) 2.2 1.9 +16% 2022 2050 Total Glo
Slide 17: Growth - Australian Operations
Growth - Australian Operations ‘One Curragh Plan’ will target 13.5 Mt of production by 2025 For personal use only Estimated Production Profile (Mt) Curragh expects to increase production rates year-on- +22% year, reaching 13.5Mt by 2025 13.5 CHPP capacity to produce 13.5Mt is already in place
Slide 18: Growth - U.S. Operations
Growth - U.S. Operations Stable production volumes from Buchanan and Logan Buchanan: For personal use only Estimated Production Profile (Mt) Initiating construction of new raw coal storage area +10% Installation of additional skips 6.9 Construction of the refuse belt extension 6.3 Enhanced v
Slide 19: Key focus areas for 2022
Key focus areas for 2022 As one of the largest independent producers of Met coal globally, Coronado is inherently focused on capitalising on the current high price environment and growth plans For personal use only Safety Production Financial/Corporate Coronado will drive a strong safety Coronado is
Slide 20: Chairman
For personal use only Chairman Bill Koeck Independent Non-Executive Director and Chair 18
Slide 21: Formal Business of the Meeting
For personal use only Formal Business of The Meeting 19
Slide 22: Items of Business
Items of Business For personal use only Resolution by Holder of Preferred Stock Series A • Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis Resolutions by Holders of Common Stock • Item 2: Re-election of Directors • Item 3: Approval on a Non-binding Advisory Basi
Slide 23: Item 1: Re-election of Series A Directors
Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only Ms Laura Tyson Sir Michael (Mick) Davis 2022 Annual General Meeting 21
Slide 24: Item 1: Re-election of Series A Directors
Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only The Series A Preferred Stockholder is being asked to consider and if thought fit, resolve by ordinary resolution that: (a) ‘Ms Laura Tyson, be re-elected as a non-executive Director of the Com
Slide 25: Item 1: Summary of Proxies Received
Item 1: Re-election of Series A Director Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 23, 2022) Voted % Re-election of Ms Laura Tyson For 100% Withheld 0% Re-election of Sir Michael (Mick) Davis For 100% Withheld 0% No
Slide 26: Item 2: Re-election of Directors
Item 2: Re-election of Directors For personal use only Mr William (Bill) Koeck Mr Garold (Gerry) Spindler Mr Philip Christensen Mr Greg Pritchard 2022 Annual General Meeting 24
Slide 27: Item 2: Re-election of Directors
Item 2: Re-election of Directors Security holders are being asked to consider and if thought fit, resolve by ordinary resolution that: For personal use only (1) ‘Mr William (Bill) Koeck, being eligible, be re-elected as an independent, non-executive Director of the Company to hold office until the n
Slide 28: Item 2: Summary of Proxies Received
Item 2: Re-election of Directors For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 23, 2022) Voted % Re-election of Mr William (Bill) Koeck For 98.42% Withheld 1.58% Re-election of Mr Garold (Gerry) Spindler For 99.70% Withheld 0.30% Re-election of Mr Philip Christen
Slide 29: Item 3: Named Executive Officers' Compensation
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve that the compensation of the Company’s named executive officers, as disclosed pursuant
Slide 30: Item 3: Summary of Proxies Received
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 23, 2022) Votes (%) For 73.30% Against 26.68% Abstain 0.02% Note: AEST refers to Australian Eastern Standard Time. 2022 Annual
Slide 31: Item 4: Ratification of Independent Registered Public Accounting Firm
Item 4: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2022 For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve to ratify the appointment of Ernst & Young as the C
Slide 32: Item 4: Summary of Proxies Received
Item 4: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2021 For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 23, 2022) Votes (%) For 99.89% Against 0.11% Abstain 0.00% Note: AEST refers to Australian
Slide 33: Thank You
Thank You For personal use only Investor Relations and Media Contacts: Investors: Media: Andrew Mooney Helen McCombie P: +61 458 666 639 Citadel Magnus E: amooney@coronadoglobal.com P: +61 411 756 248 E: hmccombie@citadelmagnus.com 2022 Annual General Meeting 31
Slide 34: Appendix
For personal use only Appendix 32 32
Slide 35: Important Notices and Disclaimer
Important Notices and Disclaimer The material contained in this presentation is intended to be general background information on Coronado Global Resources (Coronado) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it
Slide 36: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures Year ended Year ended Realised Met Pricing reconciliation Australian U.S. Adjusted EBITDA reconciliation Consolidated 31 December 2021 31 December 2020 Three months ended 31 March 2022 Operations Operations For personal use only (US$ Thousands) (US$ Thousands, exc
Slide 37: Reconciliation of Non-GAAP measures (continued)
Reconciliation of Non-GAAP measures (continued) Mining Costs per tonne reconciliation 31 December 2021 Australia United States Other/Corporate Total (US$ Thousands, except for volume data) Total costs and expenses 1,202,807 611,611 31,689 1,846,107 For personal use only Less: Selling, general and ad
Slide 38: Coronado 2021 Sustainability Report
For personal use only Coronado 2021 Sustainability Report https://coronadoglobal.com/sustainability/ 36
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