Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Investor Presentation (February 2015)
12 slides from Whitehaven Coal's investor presentation, Feb 17, 2015
Slide 1: Whitehaven Coal Limited ASX Investor Series Presentation
Whitehaven Coal Limited ASX Investor Series Presentation Achieving a major milestone Sydney, Australia 17 February 2015
Slide 2: Disclaimer
Disclaimer 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 projections and any estimate
Slide 3: Our goal
Our goal To become Australia’s leading independent coal company ASX Investor Series 3
Slide 4: About Whitehaven Coal
About Whitehaven Coal Established in 1999 by proven coal developers and operators Listed on the ASX in June 2007 with 323 million shares on issue, currently a total of 1025 million shares on issue and a market capitalisation of about $1.5 billion Whitehaven currently operates four mines – Narrabri u
Slide 5: Where we operate
Where we operate Maules Creek (75%) • Reserves to support ~ 30 years • Permitted & Planned : 13 Mtpa ROM • SSCC, PCI and high energy thermal Narrabri North (70%) • Reserves to support ~ 25 years • Permitted : 8 Mtpa ROM • Planned : 6 Mtpa ROM • PCI & low ash thermal coals Tarrawonga (70%) • Reserves
Slide 6: Thermal coal – IEA forecasts
Thermal coal – IEA forecasts Global Thermal Coal Demand (Mt) 9000 8000 7000 6000 5000 Whitehaven sells its coal to Japan, Korea, 4000 Taiwan and India 3000 2000 1000 0 2012 2013 2015 2017 2019 Global thermal coal demand is expected to grow to 8.0Bt by 2019 United States Canada OECD Europe Oceania Ch
Slide 7: Financial highlights
Financial highlights H1 H1 Headlines Comment FY2015 FY2014 Lower average coal price offset by higher sales EBITDA before significant items ($’m) 52.1 55.0 volume and reduced costs Impacted by impairment of MRRT goodwill EBITDA including significant items ($’m) (39.4) 51.1 following repeal of the
Slide 8: Costs continue to be driven down
Costs continue to be driven down H1 H2 H1 FY2015 FY2014 FY2014 (1) Average revenue per tonne was lower with the reduction in coal prices only partly offset by a weakening of the AUD Coal Sales (equity basis, excl. purchased '000t 4,713 3,913 4,302 coal) Average revenue (excl. purchased coal & Fully
Slide 9: Maules Creek mining progress
Maules Creek mining progress Coal mining began in the Braymont and Onavale seams which contain high quality, low ash coal An additional excavator and trucks are being assembled and will increase the installed mining capacity to 6.0Mtpa from mid- March Capex has been reduced by $25 million from the o
Slide 10: Community contribution
Community contribution Whitehaven employed 761 people as at 31 December 2014 with 74% living in the region surrounding its operating mines Wages paid to employees in the region were over $65 million in the half year to 31 December 2014 Recruitment at Maules Creek progressively increasing (150 new em
Slide 11: Investment proposition – low cost growth
Investment proposition – low cost growth Saleable Coal Production by Mine (Mt) Production is expected to more than 25.0 double by FY2018 as Maules Creek ramps up 20.0 Saleable production in FY2015 is 15.0 expected to be about 14Mt on a 100% basis (includes 2.5Mt pre- 10.0 commercial sales from Maule
Slide 12: Thank you
Thank you www.whitehavencoal.com.au
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