Slide 1: FY22 Full Year Financial Results Release
FY22 Full Year Financial Result s Release TWELVE MONTHS ENDED 31 DECEMBER 2022 27 FEBRUARY 2023
Slide 2: Important Information
Impor t ant Infor mat ion Forward-looking statements This document contains certain “forward-looking statements”. The words “forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”, “may”, “target” and other similar expressions are intended to identify forward looking st
Slide 3: FY22 Highlights
FY22 Highlight s Safety Saleable TRIFR1 Production2 1.5 9.2 mt • 15-month injury-free period at the Isaac Plains Complex has continued to support below industry TRIFR1 safety rates for FY22 Vs. 7.9 FY21 Vs. 2.1mt FY21 • Record production results delivered, within public guidance ranges, with full tr
Slide 4: 2022 Full Year Health, Safety, Environment and Social Improvement
2022 Full Year Health, Safety, Environment and Social Improvement
Slide 5: Health & Safety
Healt h & Safet y 15-month ongoing, injury-free period at the Isaac Plains Complex during transition to Isaac Downs Rolling 12-Month TRIFR1 vs. Hours Exposed • Stanmore remains committed 8.0 A decrease of to safety as its number one 7.9 priority, striving towards our goal of everybody returning 81%
Slide 6: Stanmore's Sustainability Pathway
St anmor e’s Sust ainabilit y Pat hway Our vision is to be a leading resources company in Australia, creating value through sustainable development Sustainability Progress Sustainability Pillars and Materiality Topics Aligning objectives and targets to our materiality topics March 2022 ENVIRONMENT S
Slide 7: Land Management and Rehabilitation
Land Management and Rehabilit at ion Stanmore successfully rehabilitated 270ha of mining areas in FY22 Alignment to Objectives Targets Stanmore Recontouring2 – (ha) UN SDGs1 300 We will aspire to: 250 242 • Return mine disturbed land to Progressive sustainable final land use, working Rehabilitation
Slide 8: Isaac Plains East Rehabilitation
Isaac Plains East Rehabilit at ion Significant rehabilitation progress during FY22 1. 2. 3. May 2021 May 2021 Sept 2022 Jan 2023 8 STANMORE | FULL YEAR FINANCIAL RESULTS RELEASE DECEMBER 2022
Slide 9: Social Improvement
Social Impr ovement Committed to making a positive contribution the Isaac Region local community and the Traditional Owners of the land on which we operate Qld Royalties – FY22 (US$m) Local Initiatives 458 Regional South Walker 124 Employment Creek Landmark 334 481 ILUA 2 Previous Impact of FY22 ~66
Slide 10: Operating Mines Performance
Oper at ing Mines Performance
Slide 11: Consolidated Operating Performance Summary
Consolidat ed Oper at ing Per for mance Summar y Continued operational excellence through the acquisition and integration of SMC Strip Ratio Consolidated FOB Cash Cost1 (US$/t) FY22 Highlights $88/t • Operating performance remained robust and 9 $86/t $87/t 9.0 within guidance following the integrati
Slide 12: South Walker Creek
Sout h Walker Cr eek FY22 Saleable Stable production maintained with significant Production1 capital commitments made to support organic growth 3,956 Kt • Acquired as a part of the 80% acquisition of SMC on May 3, 2022, and 1,005Kt 1H 22 ownership later consolidated to 100% on October 7, 2022 • High
Slide 13: Poitrel
Poit r el Above run-rate production from strong operational productivity FY22 Saleable Production1 and opportunistic mining of incremental volumes 2,812 Kt • Acquired as a part of the 80% acquisition of SMC on May 3, 2022, and ownership later consolidated to 100% on October 7, 2022 670Kt 1H 22 • Mul
Slide 14: Isaac Plains Complex
Isaac Plains Complex Saleable Mining successfully transitioned to Isaac Downs, Production lower strip ratio supporting operating margins 2,401 Kt 2,070Kt FY21 • Transitional year for the Isaac Plains Complex, with the move to the Isaac Downs, change in Mining Services contracts and a change in the o
Slide 15: Millennium Complex (MetRes JV)
Millennium Complex (Met Res JV) 2 FY22 EBITDA of US$59 million has provided a strong foundation Saleable Production for the transition to underground operations in 2023 473 Kt • Millennium contributed US$20 million of NPAT to Stanmore’s EBITDA at 321Kt 1H 22 50% (FY21 loss of US$2 million) • This co
Slide 16: 2022 Full Year Financial Results
2022 Full Year Financial Results
Slide 17: 2022, an Acquisitive Journey
2022, an Acquisit ive Jour ney A transformative year with the acquisition of 100% of the SMC assets Stanmore Share Price ($/share) Oct ober 2022 ~245% ROI Completion of remaining 20% May 2022 acquisition of SMC A$3.50 Completion of 80% August 2022 Acquisition of SMC Half year results announcement A$
Slide 18: Financial Highlights
Financial Highlight s The Group capitalised on additional volumes from SMC and price tailwinds to deliver record financial results Revenue & Average Sales Price (US$m) Underlying Operating $3,000 $400 Revenue1,2 EBITDA1,2 Cash flow1,2 $2,500 $377/t $2,699 US$ 2,699 m US$ 1,456 m US$ 1,182 m $2,000 $
Slide 19: Financial Performance
Financial Per for mance Increase in Underlying EBITDA resulting in substantial earnings for shareholders Twelve Months Ended December 31 (US$m) 2022 2021 FY22 Highlights Revenue 2,699 284 • Total revenue reflective of the strong metallurgical coal market conditions observed through-out FY22, with th
Slide 20: Cash flow, Debt & Liquidity
Cash flow, Debt & Liquidit y Operating cash flows supported the consolidation of SMC ownership to 100% and deleveraging Change in Net Debt1 since initial 80% acquisition (US$m) FY22 Highlights Draw-down of 800 Acquisition Financing • Cash generation during a period of record coal prices for 80% acqu
Slide 21: Capital Management
Capit al Management Stanmore is committed to building a disciplined capital management strategy FY22 Highlights 1. Value Pr ot ect ion Sustain & optimise the operations with a disciplined approach to capital outlay US$249 million in deleveraging activities and US$252 million annual debt sweep paid i
Slide 22: FY22 Dividend Determination
FY22 Dividend Det er minat ion No final dividend declared for FY22 to assist with further strengthening on the balance sheet Current Dividend Policy Stanmore will target distributing 50% of available free cash of the parent entity defined as net cash flow from operating activities • The Board has ma
Slide 23: Priorities & Outlook FY23 and beyond
Pr ior it ies & Out look FY23 and beyond
Slide 24: Strategic Priorities
St r at egic Pr ior it ies Supportive market fundamentals to position Stanmore to deliver on its strategic priorities Strategic Priorities Project Pipeline Opt imise oper at ing asset s Explor at ion Development Oper at ions which are operating at historical steady state 1. run rates (expected to be
Slide 25: Mulgrave Resource Area 2C (MRA2C)
Mulgr ave Resour ce Ar ea 2C (MRA2C) South Walker Creek resource development project to open low strip ratio mining & enable future growth Project Highlights • Access to high quality, low strip ratio coal for an extended period adding 58Mt ROM (40Mt PCI product) • Increases dragline strike length an
Slide 26: Substantial Controlled Reserves and Resources Base
Subst ant ial Cont r olled Reser ves and Resour ces Base Total Coal Resource of >4Bn tonnes provides vast exploration and development opportunity THIS MAP Stanmore JORC1 Mineral Reserves – 100% Basis (Mt) 2 Abbot Point Proved Probable Total Bowen Townsville South Walker Creek 162 20 182 Isaac Plains
Slide 27: Metallurgical Coal Markets and Outlook
Met allur gical Coal Mar ket s and Out look Market conditions underpinned by significant global events driving demand during ongoing supply constraints FY22 in Review Metallurgical Coal Prices2 • Metallurgical coal pricing continued to perform strongly through 2022, albeit with a high US$/tonne Rela
Slide 28: Contacts
Cont act s Invest or s Investors@stanmore.net.au +61 (7) 3521 8317 Media Media@stanmore.net.au +61 (7) 3238 1000 Regist er ed Addr ess Level 32, 12 Creek Street Brisbane, QLD, Australia, 4000 GPO Box 2602 Brisbane, QLD, Australia, 4000