Terracom Limited · ASX:TER
Terracom — Shareholder Meeting (November 2025)
34 slides from Terracom's shareholder meeting presentation, Nov 27, 2025
Slide 1: ASX Announcement: 2025 Annual General Meeting - Chair Address and Presentation
27/11/2025 ASX Announcement 2025 Annual General Meeting - Chair Address and Presentation TerraCom Limited (ASX:TER) (TerraCom or Company) advises in accordance with Listing Rule 3.13.3, a copy of the address by the Chair, Mark Lochtenberg, and Annual General Meeting Presentation by Danny McCarthy, M
Slide 2: 2025 AGM Chairman's Address
2025 AGM CHAIRMANS ADDRESS Ladies and gentlemen, shareholders and guests, thank you for joining us for TerraCom’s 2025 Annual General Meeting. FY25 was a year that tested many in our sector. We entered the year with momentum before encountering weather events, logistics disruption and a softer prici
Slide 3: 2025 Annual General Meeting
2025 Annual General Meeting ASX: TER 2025 Annual General Meeting www.terracom.au 1
Slide 4: Chair Address
“Our focus remains on disciplined CHAIR ADDRESS execution, long term value creation and ensuring TerraCom is positioned to benefit as conditions strengthen.” ASX: TER 2025 Annual General Meeting www.terracom.au 2
Slide 5: Board Focus Areas
BOARD FOCUS AREAS 1. Strengthen Operational Reliability ASX: TER Provide clear oversight of production stability, cost discipline and leadership accountability to ensure consistent performance across the asset base. 2025 Annual General Meeting Driving resilience, operational discipline, 2. Advance S
Slide 6: Resolutions, Proxies & Voting
RESOLUTIONS, PROXIES & VOTING ASX: TER 2025 Annual General Meeting www.terracom.au 4
Slide 7: Resolution voting results
For Against (including Open-Usable votes) ASX: TER Resolution 1 91.93% 6.81% Adoption of Remuneration Report Resolution 2a 92.80% 5.96% Re-election of Mr Mark Lochtenberg 2025 Annual General Meeting Resolution 2b 93.22% 5.54% Re-election of Mr David Norris Resolution 3 Approval of 7.1A Mandate 91.06
Slide 8: 2025 AGM Business Update
2025 AGM BUSINESS UPDATE Reliability and Resilience through Market Cycles Supporting TerraCom’s long term value creation ASX: TER 2025 Annual General Meeting www.terracom.au 6
Slide 9: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE ASX: TER IMPORTANT NOTICE This presentation (Presentation) has been prepared to provide shareholders (Recipients) with information about TerraCom Limited ACN 143 533 537 (TerraCom) and its business (Business) following the conclusion of the 2025 financial year. This Pre
Slide 10: Important Notice (continued)
DISCLAIMER & IMPORTANT NOTICE ASX: TER IMPORTANT NOTICE (CONTINUED) All amounts included in this Presentation are expressed in Australian dollars unless the document otherwise specifies a different denomination of currency. By retaining this Presentation, the Recipients acknowledge that they have re
Slide 11: About TerraCom
About Terracom ASX: TER TerraCom is an Australian thermal coal producer with a diversified asset base across Australia and South Africa. We are a low-cost, reliable operator supplying established export markets in Asia and stable domestic customers in South Africa. Our focus is on executing strong o
Slide 12: Management team: Lochtenberg, McCarthy, Williams
Mark Lochtenberg Danny McCarthy Jen Williams Non-Executive Chairman Managing Director Chief Financial Officer & Company Secretary ASX: TER ● Over 25 years in the coal industry, with a Law (Hons) ● Accomplished mining executive with seven years at ● Experienced finance leader with 15+ years in the de
Slide 13: Shareholders and share structure
Shareholders % ISC ASX: TER Bixbite Enterprises Corporation 11.3 Shares on 801M Bonython 9.8 Regal Funds Management 5.8 Issue (million) Fred Bart 5.7 2025 Annual General Meeting TER Directors and Management 3.1 Others 64.3 Market Cap 68M (A$) www.terracom.au 0.085 Share (A$) Price Note: all figures
Slide 14: FY25: Resilience in Action
FY25: RESILIENCE IN ACTION ASX: TER A year defined by operational recovery, sharper efficiency, and progress on long-term growth. Disciplined Cost & Capital Focus Moorlands Progressing to Delivery Phase 2025 Annual General Meeting Sharper procurement, improved contractor utilisation Partnership stre
Slide 15: FY25 key figures
“We closed FY25 leaner, sharper and with a clearer view of our strengths and areas to improve.” – Managing Director BA Total BA Total ASX: TER Sales Revenue1 Coal Sales1 A$227M 1.54Mt 2025 Annual General Meeting BA Average Coal Price Strategic Progress per sold tonne3 and Capital Returns A$147 A$0.0
Slide 16: Managing Director quote on people
“What defines TerraCom is the professionalism and resilience of our people.” – Managing Director ASX: TER 2025 Annual General Meeting www.terracom.au 14
Slide 17: People, Diversity & Safety
PEOPLE, DIVERSITY & SAFETY ASX: TER The safety and wellbeing of our 2025 Annual General Meeting Dedicated and talented team people is fundamental to our success ~3,600 employees and contractors 1.4 TRIFR (as at 30 June 2025) www.terracom.au Female Representation ● Australia 20% 0.7 LTIFR (as at 30 J
Slide 18: Community & Social Impact
COMMUNITY & SOCIAL IMPACT ASX: TER 2025 Annual General Meeting www.terracom.au 16
Slide 19: Our community and social impact
ASX: TER Delivering sustainable Supporting education, youth operations that support development and wellbeing regional outcomes and 2025 Annual General Meeting programs in our communities. benefits. Our community and social impact Protecting the environment Investing in local health, safety and and
Slide 20: Australia
AUSTRALIA 1. BLAIR ATHOL 2. MOORLANDS PROJECT ASX: TER 2025 Annual General Meeting www.terracom.au 18
Slide 21: Blair Athol: Bedrock of the Group
BLAIR ATHOL BEDROCK OF THE GROUP “Blair Athol remains the operational and financial bedrock of the Group.” 1 Production 2 Typical Coal Specifications 3 Customer Markets 2.25Mtpa ROM. NCV(ar) 5500 Exported to long standing customers Up to 1.8Mtpa sales1 Ash (ad) 12.5% in Japan and South Korea for pow
Slide 22: Moorlands: Cornerstone Growth Opportunity
MOORLANDS CORNERSTONE GROWTH OPPORTUNITY “Moorlands remains a cornerstone growth opportunity expected to generate long-term value and enduring benefits for the communities in which we operate.” 1 Long-Life, Low-Strip Thermal 2 Strategic Partnership with 3 Integrated Precinct with Blair Coal Resource
Slide 23: Our Asset Base & Long-Term Resource Position
OUR ASSET BASE & LONG-TERM ASX: TER RESOURCE POSITION 2025 Annual General Meeting BLAIR ATHOL MOORLANDS ● Established, low-cost thermal coal operation ● Large-scale, long-life thermal coal resource ● Approximately 7.8 years remaining LOM on current sales ● Strategically located 15 km from Blair Atho
Slide 24: Capital Management Framework
CAPITAL MANAGEMENT FRAMEWORK ASX: TER Reliable and consistent operations Capital productivity 2025 Annual General Meeting Net operating cash flow Maintain and optimise operations Working and sustaining capital Resilient balance sheet Dividend policy payout ratio of 60–90% NPAT1 www.terracom.au Surpl
Slide 25: Capital returned to shareholders
Capital returned to shareholders ASX: TER 250 ● The Company remains committed to responsible capital management including the payment of dividends to shareholders 200 when conditions allow. 3 ● Dividend payout ratio between 60% to 90% 2025 Annual General Meeting of net profit after tax (attributable
Slide 26: Strategy & Outlook
STRATEGY & OUTLOOK ASX: TER 2025 Annual General Meeting www.terracom.au 24
Slide 27: Thermal Coal Market Outlook
THERMAL COAL MARKET OUTLOOK Stabilisation now visible after FY25 correction Thermal coal pricing has stabilised following the FY25 correction and is now trading above the long-term average. Forward indicators from industry analysts point to a Supply shock + global FY25 correction and balanced supply
Slide 28: Our Strategic Framework
OUR STRATEGIC FRAMEWORK ASX: TER Maximise Operate a stable, efficient and low-cost business that delivers strong margins through the 2025 Annual General Meeting Value market cycles. Realise Allocate capital with discipline, streamline the portfolio over time and ensure the business Value is well pos
Slide 29: Management Focus & Strategy
MANAGEMENT FOCUS & STRATEGY ASX: TER Driving resilience, operational discipline, and long-term value creation. Deliver consistent performance Advance Complete commercial 2025 Annual General Meeting Operational through stronger planning, Moorlands to arrangements, progress approvals Reliability maint
Slide 30: Contact
Contact Danny McCarthy Managing Director P: +61 7 4983 2038 E: investors@terracom.au Jane Morgan Investor & Media Relations P: +61 405 555 618 E: jm@janemorganmanagement.com.au ASX: TER 2025 Annual General Meeting www.terracom.au 28
Slide 31: Questions
QUESTIONS ASX: TER 2025 Annual General Meeting www.terracom.au 29
Slide 32: Appendices
APPENDICES ASX: TER 2025 Annual General Meeting www.terracom.au 30
Slide 33: Environmental, Social & Governance (ESG) Policy
Appendix 1 ENVIRONMENTAL, SOCIAL & ASX: TER GOVERNANCE (ESG) POLICY 2025 Annual General Meeting Environmental Social Governance Responsible coal mining and progressive Safety is a core value that underpins our Strong focus on corporate governance www.terracom.au rehabilitation to minimise the impact
Slide 34: JORC Resources and Reserves
Appendix 2 JORC RESOURCES AND RESERVES ASX: TER JORC RESOURCES 2025 2024 2025 Licence Financial Financial Report Location Status Number Commodity Measured Indicated Inferred Year Year Date 2025 Annual General Meeting JORC 2012 Clermont, Blair Athol Queensland, Mine ML1804 Thermal Coal 21.12 4.6 1 27