Slide 1: ASX Announcement: Investor Presentation – 2025 Full Year Results
ASX Announcement 24 February 2026 Investor Presentation – 2025 Full Year Results Coronado Global Resources Inc. (ASX: CRN) releases the attached Investor Presentation for 2025 Full Year Results to be delivered on Tuesday 24 February 2026, commencing at 9.00am (AEST) / 10.00am (AEDT) | Monday 23 Febr
Slide 2: 2025 Full Year Results Presentation
For personal use only | 2025 Douglas Thompson Barrie van der Merwe Full Year Results Managing Director & CEO Group CFO Presentation 24 February 2026 1
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only 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.
Slide 4: 2025 Overview
For personal use only 2025 Overview Douglas Thompson Managing Director and CEO 3
Slide 5: Steel Starts Here
Steel Starts Here For personal use only Coronado Global Resources Inc. is a leading global producer of a full range of metallurgical coals. A business purpose-built to take advantage of the projected imbalance in the metallurgical coal seaborne market, a market with growing demand and structurally c
Slide 6: Long life assets have delivered substantial dividends and returns
Long life assets have delivered substantial dividends and returns US$1.5 Billion returned to shareholders in dividends since IPO For personal use only Buchanan Curragh Acquisition Date 2016 Acquisition Date 2018 Coal Reserves (Mts) 161 Coal Reserves (Mts) 267 Remaining LOM (yrs) ~21 Remaining LOM (y
Slide 7: 2026 margin expansion driven by two highly-accretive investments
2026 margin expansion driven by two highly-accretive investments Growth projects expected to deliver a combined annual steady-state mine operating cash contribution of ~US$300M in FY26, representing a step-change in cash flow generation. For personal use only Mammoth Underground and Buchanan Expansi
Slide 8: High quality, long-life assets with optionality
High quality, long-life assets with optionality Attractive pipeline of low capital intensity life extension and growth projects For personal use only Timeline FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ Productivity initiatives Mammoth Underground Buchanan Expansion Mammoth Pha
Slide 9: Mammoth Underground Mine Phase Extension
Mammoth Underground Mine Phase 2 Extension Low capital expansion project in pre-execution phase For personal use only Coal Reserve, Quality and Mining Method • Underground bord and pillar operation; Access utilizing existing open cut pit highwall in S-Pit • Building on success with Mammoth 1 • Simil
Slide 10: Transformation journey: From strategy to results
Transformation journey: From strategy to results Strategic transformation delivers record production and industry-leading cost reductions For personal use only FY22 FY24 FY25 H2 Inflection FY26 Expectations • Foundation work • Structural • Further uplift expected from 2026 • Improved margins • Cost
Slide 11: Transformation delivered, operational and financial momentum in 2026
Transformation delivered, operational and financial momentum in 2026 Costs structurally lower, higher volume capability proven, and liquidity secured For personal use only Operations Growth Projects Liquidity ~$100M p.a cost savings from On time / on budget +US$265M ABL Facility fleet reductio
Slide 12: Full Year Financial Performance
For personal use only Full Year Financial Performance Barrie Van der Merwe CFO
Slide 13: FY25 – Realising the benefits of transformation and investment
FY25 – Realising the benefits of transformation and investment in a very challenging market For personal use only Realising benefits of Curragh transformation +22% • Material cost reduction 8.8 • Stable mining performance 7.2 • Bottleneck shifting to Coal Processing Plants • Improved resilience and
Slide 14: Up to $640M of cash flow upside at consensus price of $220/t
At consensus price of $220/t, up to $640M of cash flow upside compared to FY25 at $188/t For personal use only • Up to $400M of additional cash flow, Structural, sustainable cash uplifts before higher price, driven by reset of Stanwell transaction and expansion Stanwell rebate forgiveness 50 project
Slide 15: Rebalanced Stanwell Arrangement Enhancing Stability for Both Parties
Rebalanced Stanwell Arrangement Enhancing Stability for Both Parties For personal use only Maximum liquidity from new arrangement ($M’s) 270 Curragh matters to Qld and Australia 100 • 10–15% of Queensland’s base load • Local economic contribution – Blackwater region 120 • Curragh’s continued operati
Slide 16: Liquidity management and resetting the capital structure
Liquidity management and resetting the capital structure For personal use only Liquidity ($M) • No working capital levers pulled at December 2025 70 • $100M of other liquidity sources accelerate cashflow by 6- 20 8 weeks 25 50 338 • Adequate liquidity to manage working capital requirements 268 durin
Slide 17: Capital allocation
Capital allocation Driving value for shareholders by balancing risk and returns For personal use only Capital allocation framework • $1.5B returned to shareholders in dividends since IPO in Available Liquidity Level Relevant capital allocation priorities 2018 Building more liquidity • Net debt peaki
Slide 18: 2026 Priorities and Guidance
For personal use only 2026 Priorities and Guidance
Slide 19: FY 2026 guidance
FY 2026 guidance For personal use only Saleable production • +2 Mt full year Mammoth Underground Mine and Buchanan expansion Metric Actual Guidance • - 1.5 Mt Logan Complex reduction (metric tonnes / U.S. dollars) FY 2025 FY 2026 • +0.5 Mt production improvements to top-end of range Saleable product
Slide 20: FY 2026 Key Strategic Focus Areas
FY 2026 Key Strategic Focus Areas For personal use only Full year of ramped-up production from expansion projects Plant improvement and margin optimisation at Curragh Complex Delivering to plan – production, cost and capex Using price upside to improve liquidity, reduce debt and improve financial ri
Slide 21: Questions and Answers
For personal use only Questions and Answers 20
Slide 22: Contacts
Contacts For personal use only 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@sodal
Slide 23: Footnotes
Footnotes For personal use only 1. Slide 4. Image sourced from Vecteezy.com. Statement regarding Coronado’s positioning based on publicly disclosed market outlook and company strategy. 2. Slide 5. As inflows through EBITDA–Capex and similar economic value calculations are non-GAAP measures and are d
Slide 24: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures For personal use only 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 us
Slide 25: Reconciliation of non-GAAP measures
Reconciliation of non-GAAP measures For personal use only For the six months ended For the six months ended For the year ended June 30, 2025 December 31, 2025 December 31, 2025 1,077,930 1,203,543 Total costs and expenses 2,281,473 Total costs and expenses (15,933) (23,317) Less: Selling, general an