Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Shareholder Meeting (November 2013)
21 slides from Whitehaven Coal's shareholder meeting presentation, Nov 4, 2013
Slide 1: AGM 2013
Whitehaven Coal Limited AGM 2013 Creating the premier ASX listed independent coal company Sydney, Australia 4 November 2013
Slide 2: 2013 AGM - Contents
2013 AGM - Contents Assets Highlights Sustainability Narrabri Maules Creek Outlook Full Year 2013 Results 2
Slide 3: Gunnedah Basin assets
Gunnedah Basin assets Maules Creek (75%) • Reserves to support ~ 30 years • Permitted & Planned : 13 Mtpa ROM • SSCC 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 4: Financial highlights - FY2013
Financial highlights - FY2013 Net loss after tax (NLAT) of $82.2 million Underlying NLAT (excluding Significant Items) of $60.7 million Underlying EBITDA of $18.6 million Average costs per tonne (excluding Royalties) of $75.48 achieved before the full impact if recent cost cutting programmes are ful
Slide 5: Operating highlights
Operating highlights Improved safety and environmental performance at Whitehaven's operations New management team in place Cost reductions in place at Tarrawonga, Rocglen & Werris Creek following detailed mine plan reviews and Werris Creek ramping up to 2.5Mtpa Narrabri produced 3.7 Mt ROM coal, suc
Slide 6: Lowering costs – tale of two halves
Lowering costs – tale of two halves H1 H2 FY 2013 FY2013 FY 2013 Substantial decreases in costs were achieved in the second half of the Coal Sales (equity basis, excl. year, due to cost reviews undertaken '000t 2,639 3,355(3) 5,994 at Tarrawonga and Rocglen and the purchased coal) increase in Narrab
Slide 7: FY 2013 - safety performance
FY 2013 - safety performance Increased focus on safety across the operations is starting to produce positive results The TRIFR and LTIFR for Whitehaven in FY 2013 fell below the NSW coal industry averages for FY 2012 of 19.54 and 5.25 respectively The performance at Narrabri is extremely pleasing fo
Slide 8: Sustainability - Economic benefits
Sustainability - Economic benefits WHITEHAVEN WORKFORCE STATISTICS - June 2013 Number % As the largest single employer in the region, Gunnedah Shire 252 41% Whitehaven’s policy is to employ people who Narrabri Shire 105 17% live close to the company’s mines. A total of Tamworth Shire 91 15% 83% of e
Slide 9: Sustainability - Environmental performance
Sustainability - Environmental performance Whitehaven’s environmental performance has been good year on year and is fundamental to our social licence to operate. (full details on page 38 & 39 of Annual Report). The continuing rehabilitation programme added a further 86.5 hectares of land during FY20
Slide 10: Narrabri achievements – FY2013
Narrabri achievements – FY2013 Oct 12 Longwall commissioned CHPP mechanical completion and commenced trials of PCI Oct 12 into COREX markets Narrabri Half Year Production Sufficient mine development in advance facilitates the Feb 13 (000's t) reduction in development units from 4 to 3 PCI coals succ
Slide 11: Narrabri monthly production
Narrabri monthly production Production in longwall panel 102 commenced 20 July 2013 following equipment relocation from panel 101 Narrabri Monthly Production Monthly production during the three months from July has (000's t) averaged 570kt 1000 750 Annualised production for the period – August to Oc
Slide 12: Narrabri – industry leading development
Narrabri – industry leading development Underground development already complete for the third panel Initial longwall panel completed in June 2013 Installation of the longwall into Panel 102 completed on time (6 weeks) and budget in July 2013 Mining in longwall panel 102 due to be finished in Februa
Slide 13: Narrabri set up of panel 2
Narrabri set up of panel 2 Full Year 2013 Results 13
Slide 14: By-pass circuit at Narrabri
By-pass circuit at Narrabri B® waitenaven coat Pr wvnirenaven = { NY y 4 1 if] Weas re AS MZ a
Slide 15: Maules Creek - Tier 1 project
Maules Creek - Tier 1 project All approvals received in July 2013. High quality resource which can be mined at relatively low cost. Situated 17km from the main railway line 380km from the Newcastle port Well understood and attractive geological setting Multiple shallow coal seams with no significant
Slide 16: Maules Creek – mine location
Maules Creek – mine location The Maules Creek project is located about 17 kilometres northwest of the main rail line near the small town of Boggabri A new rail line will be constructed by Leighton Contractors linking both the Boggabri Mine and Maules Creek Mine to the main line The Boggabri Mine own
Slide 17: Maules Creek – low capital cost
Maules Creek – low capital cost Total Coal Industry Capex (US$B's) 20 18 16 14 Capital spending for both metallurgical and 12 thermal coal expansions is falling from the 10 8 peak in 2012 6 4 2 0 2006A 2007A 2008A 2009A 2010A 2011A 2012A 2013E 2014E 2015E 2016E The cost of adding new coal production
Slide 18: Maules Creek - project schedule
Maules Creek - project schedule Site Access Rail Construction CHPP Construction Box Cut First Coal to Trains 14 months to first coal railed Production to 6Mtpa ROM Production to 13Mtpa ROM CY Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015 2016 Unchanged schedule Full Year 2013 Results 18
Slide 19: Outlook - production growth
Outlook - production growth Saleable Production by Mine (000's t) 25000 Managed production will increase by over 25% to about 10.7 Mt in 20000 FY2014 from FY2013 15000 Following the development of the 10000 Maules Creek open cut mine production will double from the 5000 FY2014 level by FY2017 0 FY 2
Slide 20: Coal in world energy consumption
Coal in world energy consumption Coal is forecast to maintain its share (28%) of total world energy World Energy Consumption by Fuel Type consumption in the period to 2030 (Quadrillion Btu) despite strong growth from a low base 800 from other sources (renewables) 700 600 500 In absolute terms coal c
Slide 21: Focus for FY 2014 and beyond
Focus for FY 2014 and beyond Creating the premier ASX listed independent coal company Focussed on improving safety and environmental performance across all of the operations Narrabri to produce 850kt of PCI coal and Newcastle benchmark thermal coal in FY2014 and increase production to 6 Mtpa ROM fro
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