Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — FY2024 Earnings Presentation
29 slides from Coronado Global Resources's earnings presentation, Feb 20, 2025
Slide 1: ASX Announcement: Investor Presentation – 2024 Full Year Results
ASX Announcement 20 February 2025 Investor Presentation – 2024 Full Year Results Coronado Global Resources Inc. (ASX: CRN) releases the attached Investor Presentation for 2024 Full Year Results to be delivered on Thursday 20 February 2025, commencing at 9.00am (AEST) / 10.00am (AEDT) | Wednesday 19
Slide 2: 2024 Full Year Results Presentation
2024 Douglas Thompson Full Year Results Managing Director & CEO Presentation 20 February 2025
Slide 3: 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 Inc. (Coronado) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended tha
Slide 4: 2024 Highlights
2024 Highlights Douglas Thompson Managing Director and CEO CRN - FY24 Results Presentation 3
Slide 5: 2024 Performance Highlights
2024 Performance Highlights Performance improvement and growth strategy re-positioned for scale and lower cost structure Major Improvement at Planned investments in new Expected Significant FCF Pursuing additional existing operations operations expected to have step up - Stanwell rebate opportunitie
Slide 6: Coronado's diversification uniquely positioned for multiple markets
Coronado’s diversification uniquely positioned for multiple markets Our high-quality Met Coal operations support customers on five continents Geographical Coal Revenue Earned by Segment (1) 16% USA / Canada 5% 38% India Brazil 10% U.S. Netherlands China Other Canada 21% 8% 6% Europe 3% 5% Japan Sout
Slide 7: Growth Projects Update
Growth Projects Update Mammoth Underground and Buchanan Expansion projects expected to deliver 2.5 – 3.0 Mtpa of incremental Met Coal by 2026 to seaborne markets once at full capacity Mammoth Underground Buchanan Expansion Project Summary Expected Key Benefits Project Summary Planned Next Steps • 41
Slide 8: Operations Overview
Operations Overview Coronado @ STEEL STARTS HERE
Slide 9: Health and Safety across Australian and US Operations
Health and Safety across Australian and US Operations Our People, Our Highest Priority Australian Operations (TRIFR) 10 Australian Operations Industry Average 8 6 -75% 4 2 0 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 US Operations (TRIR) 4 U.S. Operations Industry Average 3 Map o
Slide 10: Operational performance
Operational performance 2024 reflects major improvement at existing operations 2024 Group Production Metrics (Mts) Group Highlights 26.6 5% ROM production increase year on year from 2022 and 2023. 15.3 Mt Saleable production complemented with higher than planned 15.3 15.8 0.6 Mt ROM inventory bu
Slide 11: Curragh Complex Cost Reductions
Curragh Complex Cost Reductions Significant cost reductions achieved, targeting a corporate goal of sub $85/t in 2026 Australian Operations Average Mining Costs Per Tonne Sold Australian Operations Average Mining Cost Per Tonne Sold -25% 109 82* -66% Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov-24 Jan-25
Slide 12: 2024 Financial Results
2024 Financial Results CRN - FY24 Results Presentation CRN - FY24 Results Presentation 11
Slide 13: 2024 Summary Financial Results ($M)
2024 Summary Financial Results ($M) Substantial capital investments for future growth Highlights: FY 2024 Free Cash Flow • $2.5 billion Total Revenue (third highest) 156 115 • $185 Average realised Met price per tonne sold 41 52 74 • 95% Met coal revenue 30 27 • $115 million Adjusted EBITDA 23 • $40
Slide 14: Global Coal Markets
Global Coal Markets Curragh North (Curragh Complex) CRN - FY24 Results Presentation CRN - FY23 Results Presentation
Slide 15: Met Coal prices declined to a three-year low
Met Coal prices declined to a three-year low Outlook remains positive - expected increases in forward pricing, global steel production and Met coal export demand Metallurgical Coal Price Indices (U$/t) (1) Total Global Crude Steel Production (Bt) (2) 800 PLV HCC FOB AUS LV HCC FOB USEC +16% PLV HCC
Slide 16: Strong Met Coal demand expected to 2050
Strong Met Coal demand expected to 2050 Global export Met Coal demand is forecast to Global export demand growth for Met Coal is underpinned by grow to 482 Mt by 2050, led primarily by blast India; Primary source of supply expected to be Australia furnace steel production in India. Global Export Met
Slide 17: 2025 Priorities and Guidance
2025 Priorities and Guidance CRN - FY24 Results Presentation 16
Slide 18: 2025 Guidance – targeting uplift from 2024 performance
2025 Guidance – targeting uplift from 2024 performance Continued optimisation of existing assets and delivery of highly accretive growth projects are the core priorities Saleable production Mining Cost per Tonne Sold Capital Expenditure 16 Mt – 18 Mt $92/t – $105/t $230M – $270M Guidance 2025 Guidan
Slide 19: Immediate priorities on existing operations
Immediate priorities on existing operations Improve productivity, reduce cost and leverage market dynamics DRAFT Curragh Complex (OC) Logan Complex Buchanan Complex Coal Sales Achieving benefits 2025 Continue steady state 2025 Continue steady state 2025 Potential Advantage ~10 Mt per year ~ 2.2 Mt p
Slide 20: Immediate priorities on new operations
Immediate priorities on new operations Execute existing growth projects while assessing expandability scenarios Mammoth Underground Mine Buchanan Expansion Mammoth Phase 2 & 3 Ext Buchanan Capacity Increase Planned Ramp up 2025 Expected completion H2 2025 Study 2025/2026 Study 2025/2026 ~ + 2 Mt Per
Slide 21: Near term priority - expiry of coal supply agreement and future growth options
Near term priority - expiry of coal supply agreement and future growth options Removal of Stanwell legacy agreement boosts cashflow and positions CRN for future expansion and greater shareholder returns Stanwell Legacy Contract Expiry Step up cash position through.. Step up cash position through.. G
Slide 22: Video Playback
VIDEO PLAYBACK CRN - FY24 Results Presentation 21
Slide 23: Questions and Answers
Questions and Answers CRN - FY24 Results Presentation 22
Slide 24: Contacts
Contacts Investors Registered Office Media Chantelle Essa Coronado Global Resources Inc. Helen McCombie Vice President Investor Sodali & Co Relations Level 33, Central Plaza One 345 Queen Street +61 411 756 248 +61 477 949 261 Brisbane, QLD, Australia, 4000 helen.mccombie@sodali.com cessa@coronado
Slide 25: Appendix: 2024 JORC Statement released
Appendix 2024 JORC Statement released February 20, 2025 (Extract) CRN - FY24 Results Presentation 24
Slide 26: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures This presentation discusses results of the Company’s operations and includes references to and analysis of certain non-GAAP measures, which are financial measures not recognized in accordance with U.S. GAAP. Non-GAAP financial measures are used by the Company and
Slide 27: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures Adjusted EBITDA reconciliation For the year ended For the year ended Realised total pricing reconciliation For the year ended For the year ended (US$ thousands) 31 December 2024 31 December 2023 (US$ thousands, except for volume data) 31 December 2024 31 December
Slide 28: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures Realised met pricing reconciliation for the year Total consolidated mining costs per tonne reconciliation For the year ended For the year ended ended 31 December 2024 Australia United States Consolidated (US$ thousands, except for volume data) 31 December 2024 31
Slide 29: Script of Video Presentation 'Coronado Steel Starts Here'
2024 Investor Presentation (slide 21) Script of Video Presentation ‘Coronado Steel Starts Here’ Thursday 20 February 2025 2023 Annual General Meeting of Stockholders: Script of Video Presentation entitled ‘Coronado AGM Video’ Thursday 25 May 2023 At Coronado Global Resources, STEEL STARTS HERE. The
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