Slide 1: Bathurst Resources Half Year Results December 2024
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: CEO commentary on half year performance
reduced export sales volumes coupled with a weakened HCC benchmark price impacted our overall performance. In good news for our export segment, shortly after the close of the H1 reporting period during January, KiwiRail, as the infrastructure owner, finalised the repairs and reopened the Tawhai Tunn
Slide 3: Half year highlights
• • • • • • • www.bathurst.co.nz
Slide 4: Domestic operations
Domestic operations Domestic Domestic Measure H1FY25 H1FY24 Production (100% basis) kt 403 322 Sales (100% basis) kt 390 357 Overburden (100% basis) Bem 000 5,839 4.118 Revenue (equity share basis) $000 51,198 47,352 EBITDA (equity share basis) $000 13,999 7,894 Commentary: North Island domestic ¢‘N
Slide 5: Financial Results
FINANCIAL RESULTS Net profit after tax ($m) H1FY24NPAT BRLgross Equityshare Administration FV on deferred Finance costs Other H1 FY25 NPAT profit BT Mining costs consideration profit Key movements in net profit after tax: BRL gross +$2.3m Reduction in the direct costs of mining at the Takitimu mine
Slide 6: Key Growth Projects
KEY GROWTH PROJECTS Project Projecttype Market Project description location British Exploration Coking coal for High quality coking coal joint venture at Crown Columbia, projectinnew — steelmaking for the Mountain. See below for further detail Canada mining area export market British Exploration Cok
Slide 7: Cash Flows
CASH FLOWS H1 2025 H1 2024. Opening cash 30 June 140.7m 163.1m +) EBITDA 275 28.2 3 Working capital 94 59 8 | Canterbury rehabilitation (0.3) (on) 9 Corporation tax paid (4.0) (425) o | Deferred consideration (0.5) (0.5) c¢ 3 Crown Mountain Cenvironmental assessment application) (0.8) (0.5) : PPE ne
Slide 8: Corporate
CORPORATE Dividends No dividends were paid or declared during the period. Half year results presentation Following the release of the half year results announcement, Richard Tacon (Bathurst Resources CEO) will be presenting the half year results and business update online. The presentation will be h