Cokal Limited · ASX:CKA
Cokal — Shareholder Meeting (November 2022)
25 slides from Cokal's shareholder meeting presentation, Nov 30, 2022
Slide 1: ASX Announcement: AGM Presentation
T +61 2 8319 9299 E info@cokal.com.au Level 5, 56 Pitt Street Sydney NSW 2000 ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au ASX ANNOUNCEMENT / MEDIA RELEASE For personal use only 30 November 2022 AGM Presentation Cokal Limited (ASX:CKA, “Cokal” or the “Company”) provides, in accordance with Listing
Slide 2: Metallurgical Coal Production from BBM - AGM Presentation November 2022
For personal use only METALLURGICAL COAL PRODUCTION FROM BBM AGM PRESENTATION | November 2022
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Cokal Limited (the Company or CKA). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation For personal use only (“material”) is not and do
Slide 4: Cokal is positioned to become a material supplier to the seaborne coking coal market
Cokal is positioned to become a material supplier to the seaborne coking coal market INVESTMENT HIGHLIGHTS ASX CODE SHARE PRICE For personal use only Production has commenced at the BBM Coal Mine, with CKA A$0.165a near-term coal sales to generate lucrative cash flows SHARES OUT MARKET CAPITALISATIO
Slide 5: Projects Located in Major Emerging Coking Coal Basin
Projects Located in Major Emerging Coking Coal Basin PROJECT SUMMARY PROJECT LOCATIONS ▪ Four prospective exploration & development coking coal For personal use only Indomet Coal (Adaro) projects, in Central Kalimantan, Indonesia World-class development asset | Prod. 25Mtpa HCC | Opex - Globally sig
Slide 6: Cokal's Indonesian Partners
Cokal’s Indonesian Partners High profile Indonesian Shareholders and Local Partners Significantly Mitigate any Indonesian Country Risk Aahana Mineral Resources (“Aahana”) For personal use only ▪ Cokal’s largest shareholder (19.6% interest) ▪ Arranged the financial resources and local relationships r
Slide 7: BBM is a high-quality producer of premium coking coal products
BBM is a high-quality producer of premium coking coal products BBM ESTIMATED SALEABLE PRODUCTION – 100% Basis (Mtpa) Location Mtpa For personal use only Puruk Cahu Regency of Central Kalimantan, Indonesia 2.4 Production a 0.2Mt saleable in 2022 ramping-up to 2.0Mt by 2024 | Life-of-mine (LOM) Produc
Slide 8: BBM Valuation Analysis: Significant re-rating opportunity for Cokal
BBM Valuation Analysis: Significant re-rating opportunity for Cokal The valuation of Cokal’s 60% interest in BBM is estimated at A$507m ▪ The DCF Valuation of BBM (Base Case) has been performed using ultra conservative long-term coal price assumptions ▪ The valuation of BBM materially increases usin
Slide 9: BBM will generate highly attractive near-term cashflows
BBM will generate highly attractive near-term cashflows BBM FINANCIAL PERFORMANCE COKAL’S SHARE OF EBITDA (based on LOM Avg Coal Prices) – (A$m) For personal use only The ramp-up in production from BBM will generate A$m lucrative near-term cashflows 140 ▪ Highly attractive margins on spot coal price
Slide 10: High-quality coal products to receive strong seaborne market demand
High-quality coal products to receive strong seaborne market demand COAL QUALITY ANALYSIS BBM COKING COAL SPECIFICATIONS For personal use only ▪ BBM coking and PCI coal products have attractive attributes Fixed Total Calorific Relative Yield Moisture Ash VM CSN Phos. - Low ash, low volatiles, low su
Slide 11: Efficient and multi-faceted infrastructure solution
Efficient and multi-faceted infrastructure solution BBM LOGISTICS CHAIN BBM COAL EXPORT INFRASTRUCTURE SOLUTION Full infrastructure solution in place. Cokal will access the lucrative coking coal For personal use only seaborne export market through a logistics chain of: 1.1 Trucking from the BBM mine
Slide 12: TBAR - Drilling to commence on highly prospective project
TBAR – Drilling to commence on highly prospective project, with potential for extensive coal resources PROJECT LOCATION Project Overview ▪ Located in Central Kalimantan, Indonesia; adjacent to BBM For personal use only - Cokal holds a 75% interest and is the project manager - Large 18,850 ha. projec
Slide 13: BBM - Key Milestones Achieved in 2022
BBM – Key Milestones Achieved in 2022 KEY MILESTONES BBM DEVELOPMENT BBM Production Successfully Commenced For personal use only ▪ BBM commenced production after successful development. ▪ First coal sales are imminent. ▪ Overburden removal for initial coal mining completed. Strategic Asset Acquisiti
Slide 14: BBM Coal Production
BBM Coal Production For personal use only 13
Slide 15: BBM Coal Production
BBM Coal Production For personal use only 14
Slide 16: BBM Coal Production
BBM Coal Production For personal use only 15
Slide 17: BBM Mine Development
BBM Mine Development For personal use only 16
Slide 18: BBM Mine Development
BBM Mine Development For personal use only 17
Slide 19: Investment in Transport Infrastructure
Investment in Transport Infrastructure Ownership of transport infrastructure has material strategic & operational advantages, and financial rewards Cokal is investing in barges and tugboats for transportation of coal from the Krajan Jetty to the Batu Tuhup Jetty For personal use only Key Information
Slide 20: Mohing Road - Development Progress (including Mohing Bridge)
Mohing Road - Development Progress (including Mohing Bridge) For personal use only 19
Slide 21: Investment in Transport Infrastructure: Batu Tuhup Jetty
Investment in Transport Infrastructure Ownership of transport infrastructure has material strategic & operational advantages, and financial rewards Cokal is Developing the Batu Tuhup Jetty for shipment of coal down the Barito River For personal use only Batu Tuhup Jetty Development Milestones - 2022
Slide 22: Batu Tuhup Jetty Development Photos
Batu Tuhup Jetty Development Photos For personal use only 21
Slide 23: Board & Key Management Profiles
Board & Key Management Profiles Cokal has a wealth of expertise and experience in its leadership team For personal use only Domenic Martino Allen Delbridge Karan Bangur Eddie Chin Pak Sukardi Non-Executive Chairman Non-Executive Director Director and CEO President Commissioner of President Director
Slide 24: Strategic Plan for 2023
Strategic Plan for 2023 For personal use only Key Targets - 2023 ▪ Ramp-up metallurgical coal production at BBM, targeting 1.6Mt in 2023 and 2.0Mt in 2024 ▪ Complete the drilling programme at the TBAR asset and declare an initial JORC Resource - Targeting commencement of mining in 2024 ▪ Acquire add
Slide 25: Cokal Ltd contact details
Cokal Ltd For personal use only Jakarta: The Bellezza Office Tower 21 Floor, Unit 3 & 5 Arteri Permata Hijau Jalan Mayjen Soepeno Kav 34 Permata Hijau, Kebayoran Lama Jakarta Selatan 10210 Indonesia Karan Bangur (kb@cokal.com.au) Sydney: Level 5, 56 Pitt Street Sydney NSW 2000 Australia Domenic Mart