Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — H1 2026 Earnings Presentation
25 slides from Coronado Global Resources's earnings presentation, Aug 11, 2026
Slide 1: 2026 Half Year Results Presentation
1 | 2026 Half Year Results Presentation Barrie van der Merwe Managing Director and CEO Sandeep Deoji Interim Chief Financial Officer 11 August 2026
Slide 2: Important Notices and Disclaimer
2 Important Notices and Disclaimer The material contained in this presentation is intended to be general background information on Coronado Global Resources Inc. (Coronado or the Company) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It i
Slide 3: 2026 H1 Investor Presentation
3 2026 H1 Investor Presentation Barrie van der Merwe Managing Director and CEO
Slide 4: Positioned to capture the next phase of seaborne metallurgical coal market upside
We believe we are positioned to capture the next phase of seaborne metallurgical coal market upside Optimising Buchanan | Stabilising Curragh | Maximising Future Upside High Quality, Long-Life Assets Positioned for Structural Demand Growth Maximising Upside • ~21 years reserve life • Assets in Tier
Slide 5: India's urbanisation and industrialisation will drive seaborne demand
5 India’s urbanisation and industrialisation will drive seaborne demand What happens when India consumes steel like everyone else? Today 115kg / person 3,125 bridges One Harbour Bridge every 2 hours 48 minutes 2030 target 160kg / person 4,348 bridges One Harbour Bridge every 2 hours 1 minute World a
Slide 6: Buchanan: A proven cash generator through the met coal cycle
6 Buchanan: A proven cash generator through the met coal cycle Six years of positive earnings through volatile met coal markets; expansion completed to maximise future margin and cash flow Resilient Asset • Positive earnings in every full year since acquisition • Remained profitable across multiple
Slide 7: Curragh: Structural reset focused on margin and cash generation
7 Curragh: Structural reset focused on margin and cash generation Integrated plan across all elements of the coal value chain Open pit mine plan productivity Lower cost and risk • Exploit low strip ratio coal • Set up North mine for improved productivity • Establish inventory buffers to de-risk prod
Slide 8: Queensland needs Curragh
8 Queensland needs Curragh A strategic asset for Queensland’s energy security ~US$2.2bn+ Value transferred to Queensland through discounted coal supply since 2018 ~US$2.5bn Royalties and rebates paid to the Queensland Government since 2018 ~15% Queensland baseload electricity supply To 2043 Domestic
Slide 9: Operating leverage to met coal prices and deleveraging potential
@4-6x multiple = US$1.7-$2.6B EV • Buchanan – consistency • Curragh – operating leverage ~US$425M through cycle Shareholder Returns Deleverage Potential Operating leverage to metallurgical coal prices creates significant cash flow and valuation upside through the cycle Dividends Debt US$1.5B • Mater
Slide 10: Half Year Financial Performance
10 Half Year Financial Performance Sandeep Deoji Interim Chief Financial Officer
Slide 11: Q2: A first step in rebuilding credible delivery
11 Q2: A first step in rebuilding credible delivery Production recovery & record operating performance drove a US$96m EBITDA improvement quarter on quarter, despite inventory and shipment timing impacts H1 Achievements • Successful longwall relocations and two-week Curragh CHPP shutdowns • Buchanan
Slide 12: Free cash flow improved by US$70m despite timing & inflationary headwinds
12 Free cash flow improved by US$70m despite timing & inflationary headwinds Cash flow impacted by timing; underlying improvement intact for H2 -159 -89 H1 FY25 FCF 41 Price Increase 53 Stanwell Rebate Removed 89 Lower Capex 74 Fuel, CPI, FX 9 Mining 30 Inventory & Shipment Timing and other H1 FY26
Slide 13: Liquidity strengthened and balance sheet remains a clear priority
13 Liquidity strengthened and balance sheet remains a clear priority June cash impacted by timing; pro forma liquidity & debt tenure provide runway for operational reset Liquidity (in millions) Balance Sheet (in millions) 400 265 2026 2027 2028 2029 2030 0 0 0 Secured Notes 9.25% ABL 9% - 12% 98 173
Slide 14: Conclusion
14 Conclusion Barrie van der Merwe Managing Director and CEO
Slide 15: Assets & Products
15 Assets & Products Long-life assets & sought after, much needed products Resetting Today. Positioned for Tomorrow. Maximizing Upside. Market Good medium-term fundamentals – be there, at the right cost Curragh High potential and reset underway to maximise operational leverage Queensland Curragh’s s
Slide 16: Questions and Answers
Questions and Answers Coronado. STEEL STARTS HERE.
Slide 17: Contacts
17 Investors Chantelle Essa Vice President Investor Relations +61 477 949 261 cessa@coronadoglobal.com investors@coronadoglobal.com Registered Office Coronado Global Resources Inc. Level 33, Central Plaza One 345 Queen Street Brisbane, QLD, Australia, 4000 GPO Box 51, Brisbane QLD, Australia, 4000 +
Slide 18: Appendix
18 Appendix
Slide 19: Buchanan: Historically, high-margin cash generator through the cycle
19 Buchanan: Historically, high-margin cash generator through the cycle Dual longwall operation that has returned positive EBITDA every year Performance baseline reset in 2026: • Growth from 3.5Mt to 4.5Mt after expansion • 2 nd quartile cost performance • 6 years positive returns through all cycles
Slide 20: Curragh Complex: The key value opportunity
20 Curragh Complex: The key value opportunity Structural reset to improve operating leverage and cash generation – critical to QLD Overview: • One of worlds largest coal mines • 2 large open cuts,1 underground Asset quality: • Infrastructure-connected, export-ready • Fully built, operating assets •
Slide 21: Endnotes
21 Endnotes 1. Slide 4: Reserve life based on 2025 JORC Statement released to ASX on 24 February 2026. Positioning statements regarding metallurgical coal demand, Indian steel growth, urbanisation trends and supply outlook are based on publicly available industry forecasts and management's assessmen
Slide 22: Reconciliation of Non-GAAP measures
22 Reconciliation of Non-GAAP measures 22 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 Compan
Slide 23: Reconciliation of non-GAAP measures
23 Reconciliation of non-GAAP measures 23 For the three months ended 30 June 2026 (In US$’000, except for volume data, unaudited) Australian Operations U.S. Operations Consolidated Buchanan Total Revenues 326,614 187,515 514,129 172,034 Less: Other revenues 7,706 52 7,758 52 Total coal revenues 318,
Slide 24: Reconciliation of non-GAAP measures
24 Reconciliation of non-GAAP measures 24 For the three months ended 30 June 2026 (In US$000, except for volume data, unaudited) Australia United States Other / Corporate Total Consolidated Buchanan Total costs and expenses 363,433 181,754 13,464 558,651 158,329 Less: Selling, general and administra
Slide 25: Reconciliation of non-GAAP measures
25 Reconciliation of non-GAAP measures 25
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