Slide 1: QLD site visit presentation for analysts and investors
QLD site visit presentation for analysts and investors 3-4 June 2025 AUTHORISED FOR RELEASE BY THE CEO & MANAGING DIRECTOR OF WHITEHA VEN COAL LIMITED Whitehaven Coal Limited ABN 68 124 425 396 P +61 2 8222 1100 Level 28, 259 George Street, Sydney NSW 2000 PO Box R1113, Royal Exchange
Slide 2: QLD site visit Contents
QLD site visit Contents Day 1: Daunia Day 2: Blackwater 1. Introduction 03 2. ROC 10 3. Daunia 12 4. Blackwater 27 5. Community & Indigenous engagement 42 Port of Abbot Point QUEENSLAND Dalrymple Bay Terminal Port of Hay Point Daunia Winchester South Bowen Basin Blackwater RG Tanna Coal Terminal at
Slide 3: 1. Introduction
D7 Whitehaven 1. Introduction
Slide 4: Whitehaven hosts
Whitehaven hosts Paul Flynn Ian Humphris Dan Iliffe Managing Director Chief Operating Regional General & CEO Officer Manager – QLD • Joined the Board • Joined • Joined in May 2012; Whitehaven in Whitehaven in became MD & CEO April 2020 May 2024 in March 2013 • >25 years in NSW and QLD • Oversight of
Slide 5: Blackwater & Daunia video introduction
Blackwater & Daunia video introduction Go to: https://vimeo.com/1025030265?share=copy 5
Slide 6: The QLD acquisition has transformed Whitehaven
The QLD acquisition has transformed Whitehaven Completed in Apr-24, the acquisition was aligned with a long-held strategy to grow in metallurgical coal DAUNIA & BLACKWATER met coal mines acquired Long-held strategy to grow in metallurgical coal from BMA WHC lists NARRABRI VICKERY Whitehaven & WINCHE
Slide 7: The strategic rationale for the acquisition has remained clear
The strategic rationale for the acquisition has remained clear At the time of the acquisition, we said this is a compelling and transformational acquisition aligned to Whitehaven’s strategy 1 Highly attractive and earnings accretive acquisition 2 Provides significant value upside including strategic
Slide 8: Significantly growing value for shareholders
Significantly growing value for shareholders Whitehaven’s sales tonnes per share have grown by 2.5x underpinning future EPS growth Increased metallurgical coal exposure delivering higher margin tonnes and the benefits of diversification Further value Predominantly thermal Post-acquisition Post 30% s
Slide 9: FY25 Guidance unchanged
FY25 Guidance unchanged As previously reported H1 FY25 actual FY25 guidance Comments from Q3 production report Managed ROM Coal Production, Mt GROUP 19.4 35.0 – 39.5 QLD 9.9 17.6 – 19.7 Tracking firmly in upper half of guidance NSW 9.4 17.4 – 19.8 Managed Coal Sales1, Mt GROUP 15.8 28.0 – 31.5 QLD 8
Slide 10: 2. ROC – Remote Operations Centre, Brisbane
2. ROC – Remote Operations Centre, Brisbane
Slide 11: Remote Operations Centre
Remote Operations Centre Current span of control, the ROC can progressively expand with the business Blackwater Mine Critical Control Emergency Mining Processing Blending & Quality Train Monitoring Management Operations Operations Management Loading Control Control (reclaim) Daunia Mine Critical Con
Slide 12: 3. Daunia
3. Daunia 07 Whitehaven 12
Slide 13: Agenda
Agenda Indicative site visit route Indicative Site Visit route CPP Time Activity 0730 Sign in, welcome and housekeeping MIA 0745 - 0915 Management Presentations 0915 - 0930 Morning tea and prepare for field time Stop 2: AE220 Stop 1: TC240 0930 - 1415 Site Tour - 4 x groups rotating between - Pit op
Slide 14: Daunia Leadership Team
Daunia Leadership Team Dan Iliffe Regional General Manager Queensland Priscilla Puchala General Manager / SSE Karlie Dieben Scott Greenhalgh Aaron Daniel Lisa Morgan Matt Turner Steve Johnson Manager People & Culture Manager Operations Manager Maintenance Manager Commercial Manager Mine Scheduling M
Slide 15: Strong safety commitment and performance
Strong safety commitment and performance Focused on doing the basics well ▪ Outstanding safety results for high-risk period – Achieved 164 days injury free Risk Hazard Analysis Lead Indicators from 21 May to 31 October 2024 Embedding risk management Analysing and interpreting Quality Field Leadershi
Slide 16: Daunia snapshot
Daunia snapshot ▪ Produces high quality metallurgical coal for seaborne market Site overview – Low vol hard coking coal (HCC) – 8.0% ash – Low vol pulverised injection coal (PCI) – 9.5% ash ▪ Long-life operation – Expected production until FY401 Titan North Titan East ▪ Fully autonomous haulage (AH)
Slide 17: Mining area footprint
Mining area footprint Current footprint comprises five active pit with Pandora providing additional strike in future Overview Life of mine block sequence ▪ With a current strike length of 3.8km, strategy LEGEND is to maintain consistent strike length North # Active # Inactive ▪ To maintain strike le
Slide 18: Mining method
Mining method Multi-bench truck and shovel mining operation, utilising a wholly-owned AH fleet Overview of mining method AH Trucks x 34 Shovel x 1 and excavators x 7 1 Drill and blast team drills, loads and fires the blast 2 Truck and shovel fleets remove overburden, to uncover Leichhardt seams, whi
Slide 19: Autonomous haulage fleet and infrastructure
Autonomous haulage fleet and infrastructure Over A$100m and significant labour hours were invested (by BMA) in the AH system, with Daunia being one of the first fully autonomous coal mines in the world ▪ All 34 trucks at Daunia are fully autonomous, operated via Overview of AH operations Remote Oper
Slide 20: Coal preparation process
Coal preparation process Coal washing and handling follows a standard process through a modern CHPP with a ROM feed capacity of ~6.8Mtpa, providing latent capacity to the mining operation ▪ HCC and PCI coal are stacked separately Coal processing flow diagram across the 4 product stockpiles Tailings
Slide 21: Daunia's rehabilitation plans are on track
Daunia’s rehabilitation plans are on track In FY25, ~36 ha of shaping and 9 ha of seeding is taking place FY25 shaping area Seeding available now. Double required FY25 Available for shaping seeding area Rehab after CC36 RL240 Titan East completed Complete Titan North (100 ha) 36.0 ha Planned 18.7 ha
Slide 22: Daunia's water stewardship
Daunia’s water stewardship Well-managed on-site water infrastructure is allowing Daunia to remain in low-risk operating mode, despite record rainfall in H2 FY25 ▪ The Bowen Basin received significant rainfalls in Q3 FY2025, with Moranbah airport BoM station recording the wettest January to April in
Slide 23: Daunia has been delivering solid operational performance since acquisition
Daunia has been delivering solid operational performance since acquisition Managed ROM coal production1 (Mt), annual Managed ROM coal production and sales (Mt), quarterly AH deployment YTD (9 months) Average: 1.4Mt 1.3 Average: 1.1Mt 1.6 4.8 5.1 1.5 1.5 4.3 1.3 1.2 3.7 3.7 1.1 0.9 0.8 FY21 FY22 FY23
Slide 24: Improved operational performance is underpinning results
Improved operational performance is underpinning results With safety as our foundation, we are pushing boundaries and setting new benchmarks Annualised waste movement per week (8-week moving average) normalised for weather delays & coal mining BMA ownership Whitehaven ownership 54 52 Annualised Tota
Slide 25: Operational transformation is underway
Operational transformation is underway A range of operational improvements are being delivered at Daunia A refined operating model is delivering transformation Productivity KPIs are breaking records ▪ Strong leadership team in place with more empowered, site-based leadership model ✓ Exceptional outp
Slide 26: Daunia is on track to deliver ~$40m of the annualised $100m of cost savings
Daunia is on track to deliver ~$40m of the annualised $100m of cost savings by end of FY25 Examples of initiatives Daunia’s share of cost reductions by area 1. Maintenance strategies for 793s Savings via hours-based extensions aligning with Commercial OEM recommendations and historical component lif
Slide 27: 4. Blackwater
4. Blackwater 07 Whitehaven 27
Slide 28: Site Visit Schedule
Site Visit Schedule Indicative site visit route Time Activity 0730 Sign in, welcome, housekeeping, induction 0800 – 0930 Management presentation and morning tea TCP 0915 – 0930 Morning tea and prepare for field time CHPP 0930 – 1415 Site Tour - 4 x groups rotating between - Main workshop - R42 Looko
Slide 29: Blackwater Leadership Team
Blackwater Leadership Team Dan Iliffe Regional General Manager Queensland Tod Mathews General Manager / SSE Pat Sanderson Sonia Bruce Russell Swann Bronson Matchett Manager Production Manager Health, Safety & Manager Production Coal Manager Maintenance Overburden Training Leith Vaughan Byron Ginty B
Slide 30: Improving safety performance is a priority for Blackwater
Improving safety performance is a priority for Blackwater Focus is on leadership capability, lead indicators and safety fundamentals ▪ Operational excellence remains strong and in focus across site – Focus on quality of lead indicators Assurance Field Leadership Contractor Management Completion of C
Slide 31: Blackwater's rehabilitation activities are progressing well
Blackwater’s rehabilitation activities are progressing well FY25 Rehabilitation Work Areas Rehabilitation Activity (Ha) FY23 FY24 FY25 YTD FY25 Plan Disturbance 107 72 96 83 Shaped / landform est. 51 109 167 195 Ecosystems & land use established 95 157 153 155 Ramp 62 Grazing Post Mining Land Use 31
Slide 32: Blackwater snapshot
Blackwater snapshot ▪ Blackwater produces sought-after metallurgical coal for the Site overview seaborne market Approximate Resource split – ~65 - 70% HCC / ~25 - 30% SSCC – low ash (8.5%-9.5%) – Export thermal coal Sagittarius Pit ▪ 8 separate pits within Blackwater’s current operation Airstrip Pit
Slide 33: Blackwater's mobile plant and equipment
Blackwater’s mobile plant and equipment Whitehaven’s fleet Komatsu 930 haul truck Excavator used for coaling and BUMA’s fleet (27x315t class, 12x220t class) parting fleet (2x400t) Large excavators Excavators (1x800t, 3x600t, 1x400t) (2x800t, 1x600t) Kress truck for coal haulage Rope shovel for overb
Slide 34: Production physicals
Production physicals Blackwater is delivering solid operational performance YTD ▪ March 25 YTD ROM production of 10.1Mt ▪ Blasted inventory levels have now been rebuilt, allowing the rebuild of pre-strip inventories to progress ▪ Operational performance YTD has been strong despite seasonal weather i
Slide 35: Blackwater is delivering operational performance in line with expectation
Blackwater is delivering operational performance in line with expectation and is on track for continued improvement Managed ROM coal production1 (Mt), annual Managed ROM coal production and sales (Mt), quarterly YTD Average: 3.4Mt (9 months) 3.6 Average: 2.6Mt 15.2 3.6 3.7 14.3 12.5 3.1 3.1 3.2 10.1
Slide 36: A range of improvements are delivering benefits at Blackwater
A range of improvements are delivering benefits at Blackwater and strategic growth opportunities provide upside potential Realignment of Blackwater’s operating Initiatives underpinning productivity improvements model ▪ Leadership team in place ✓ Increased truck shovel capacity & efficiency, includin
Slide 37: Blackwater is on track to deliver ~$60m of the annualised $100m of cost savings
Blackwater is on track to deliver ~$60m of the annualised $100m of cost savings by end of FY25 Examples of initiatives Blackwater’s share of cost reductions by area 1. BUMA Optimisation Optimised haulage profile on monthly basis. 5% 3% Production, planning & processing Negotiated a rate reduction fo
Slide 38: Stripping sequence: Overburden in advance is key to productivity
Stripping sequence: Overburden in advance is key to productivity 38
Slide 39: Typical pit cross-section
Typical pit cross-section Strip 1 – Prestrip Strip 2 – Prestrip Pre-strip material removed by Strip 1 – Prestrip Strip 2 – Prestrip Whitehaven (ramps 20-46) and BUMA (ramps 47-56) truck & shovel operations 50-60m Pre-strip horizon Strip 1 – Prestrip Strip 2 – Prestrip Coal removed by Whitehaven’s St
Slide 40: Blackwater Overburden continues to rebuild to target levels
Blackwater Overburden continues to rebuild to target levels Improvement since Whitehaven acquisition ▪ OBIA has been Blackwater Mine overburden in advance (OBIA) progressively rebuilt since April 2024, with a reduction in dragline Forecast green 'waiting on dig' delays status from 'regular' to 'rare
Slide 41: Increased pre-strip capacity, is building overburden in advance
Increased pre-strip capacity, is building overburden in advance Deep Creek Pit – as at 29 April 2024 Deep Creek Pit – as at 21 April 2025 Ramp 34S Ramp 34S Ramp 38N Ramp 38N Ramp 38S Ramp 38S OBIA Summary OBIA Summary • 1 Dragline strip available • 3.5 Dragline strip available • 1 Dragline strip in
Slide 42: 5. Community and Indigenous engagement
5. Community and Indigenous engagement
Slide 43: Understanding our communities
Understanding our communities What’s important to our communities Stakeholders engaged across the Bowen Basin ▪ Local Government Mayors & Executives Local Investment 5% 14% ▪ Local communities of Blackwater, Emerald & Community Liveability 14% Moranbah + Regional Centres of Mackay & Education Rockha
Slide 44: Blackwater community initiatives
Blackwater community initiatives 44
Slide 45: Slide 45