Slide 1: Level 12, 1 Willeston Street, Wellington 6011, New Zealand PO Box 5963 Lambton Quay,
Level 12, 1 Willeston Street, Wellington 6011, New Zealand PO Box 5963 Lambton Quay, Wellington 6145, New Zealand P. +64 4 499 6830 F. +64 4 974 5218 E. wellington@bathurst.co.nz • •
Slide 2: Export operations and record half year EBITDA
Looking to the future, we expect our export segment to continue to perform with the expectation that pricing levels will remain relatively stable throughout the remainder of the year and further cost reductions are able to be implemented. After reviewing the matter during the H1 reporting period, th
Slide 3: Earnings and domestic operations
Earnings Underlying cost increases have partially offset the uplift in revenue: Increased labour rates and an increase in FTE. Fuel pricing which increased an average $0.84/litre. Profit share for employees which is pegged to uplifts in sales revenue. Significant increases in the cost of machine par
Slide 4: Corporate costs and financial results
Corporate Corporate overhead costs included in the total group consolidated EBITDA increased compared to the prior period, $9.6m H1 FY23 versus $8.4m in H1 FY22. This reflects an increase in overhead expenses: ¢ Increase in resource proving costs of $0.5m « Increased consultant costs of $0.5m « Lega
Slide 5: Key growth projects
Reduction of interest paid on debt instruments, namely the prior year AUD convertible Finance costs +$1.1m $ bonds derivative. An unfavourable movement in the translation of USD denominated deferred FXondeferred = -$1.3m . a : oe $ consideration into NZD lead to 4ptimizati foreign exchange loss. con
Slide 6: Cash flows
CASH FLOWS H1 2023 H1 2022 Opening cash 30 June 76.0m 20.2m > EBITDA 83.2 34.7 4 Working capital a4) 61 s Canterbury rehabilitation (4) (1.9) 9 Corporation tax paid (24.8) - D> Deferred consideration (0.2) (1.6) = Crown Mountain Cenvironmental assessment application) (O04) (4) : PPE net of disposals
Slide 7: Corporate, dividends and litigation
CORPORATE Dividends No dividends were paid or declared during the period LITIGATION The legal action brought against Bathurst by L&M Coal Holdings Ltd continues. We continue to believe based on legal advice that it is unlikely these claims will be successful. Earlier this month, the Appointed Arbitr