Slide 1: Bathurst Resources Limited
BATHURST RESOURCES LIMITED
Slide 2: Disclosure
DISCLOSURE General information This document is authorised for release by the board of directors of Bathurst Resources Limited (“Bathurst”) on the 29 February 2024. Bathurst's address is Level 12, 1 Willeston Street, Wellington 6011, New Zealand. = General disclaimer This presentation contains forwa
Slide 3: For personal use only
For personal use only 51% 6% 17% 18% 8%
Slide 4: Board & Leadership Team
BOARD & LEADERSHIP TEAM For personal use only Ba yi Pr fh dy. Board members 1. Peter Westerhuis Non-Executive Chairman 2. Richard Tacon Executive Director & Chief Executive Officer 3. Russell Middleton Executive Director & Chief 4. Francois Tumahai Non-Executive Director Senior leadership 5. Fiona B
Slide 5: Safety Journey
SAFETY JOURNEY ¢ Awarded 2022 New Zealand Minerals Sector Health and Safety Award for our Occupational Hygiene Knowledge Capacity Building program. only * Developed revised physical task demands to identify and reduce injury risk to workers. * Safety Leadership Development Program commenced for our
Slide 6: Community Engagement
COMMUNITY ENGAGEMENT Takitimu Open day ¢ 1,500 visitors _>» BBQ fundraiser - fire brigade/rugby club © Mine tours focusing on rehabilitation * Childrens activities and competitions * Information and education stands se 0 ¢ Support from local suppliers For personal u BATHURST RESOURCES LIMITED
Slide 7: Financial Measures (NZD)
Financial Measures (NZD) H1 2024 H1 2023 For personal use only Revenue 135.0m 211.7m EBITDA 28.2m 83.2m Profit after tax 9.1m 45.8m Consolidated cash 131.8m 103.1m • • • • •
Slide 8: Financial Summary
FINANCIAL SUMMARY Cash positive! $129m NZD cash incl. restricted short term deposits 1 Consolidated 100% Bathurst and 65% BT Mining, as at 31 January 2024 2 Consolidated 100% Bathurst and 65% BT Mining, as at 31 December 2023 Strong forecast earnings $95m - $105m EBITDA FY24 BATHURST RESOURCES LIMIT
Slide 9: For personal use only
For personal use only Maramarua • • ≈ Canterbury • ≈ Takitimu • ≈
Slide 10: Strong Cashflow: As an Essential Energy Supplier in NZ
STRONG CASHFLOW: AS AN ESSENTIAL ENERGY SUPPLIER IN NZ > For personal use onl As the leading New Zealand coal producer, Bathurst provides energy for the agri- business sector, schools, hospitals and many other key players in the economy and society. Bathurst is also an exporter of high-quality coal
Slide 11: For personal use only
For personal use only Maramarua • • • • Canterbury Takitimu
Slide 12: FY24E sales revenue by product use
For personal use only FY24E sales revenue by product use (100%) 8% 92% Steelmaking Process heat
Slide 13: FY24 EBITDA Guidance $95M - $105M
FY24 EBITDA GUIDANCE $95M - $105M For personal use only 180 160 140 120 100 0.2 (0.5) (1.0) 80 60 40 20 0) FY23 EBITDA Export North Island South Island Telkwa FY24E EBITDA domestic incl.BT domestic incl. overheads BRL overheads Export market earnings are tied to the HCC benchmark price —- which has
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Slide 15: Export (Stockton Mine)
EXPORT (STOCKTON MINE) Coking coal sales for the steelmaking export market. Our steelmaking export mark 1.0 1.2 1.2 1.2 i, leks) Mi Export coal sales! 15 > Cc ie) ® wn =) © Cc FYIB.FYI9Q.FY20.—FY21.—sFY22._—sOFY23 Doo $m Equity share export EBITDA oO 160 or 140 “— 120 © 100 LL 280 60 40 68 67 ie) FY
Slide 16: Export Outlook Remains Stable
EXPORT OUTLOOK REMAINS STABLE 400. Usd/tonne Monthly USD HCC pricing® 350 w fo) fo} JL ———=£=_==== nN (e} ro) a ° a o — Actual ——Forward curve = ===Guidance fo} bx yu! be 8 ys pr SS we we Rotes ge wt > ri wel oP po po ah ph ork yar go yah ph nav yyw yg poo Pr ok? v v e be N Cc 30 ot w oe ya <e be be
Slide 17: Domestic Mines (North & South Island)
DOMESTIC MINES (North & South Island) Consistent EBITDA based on contracted revenue and fixed costs. Mt Domestic coal sales! FY24E sales tonnes by product use SNS Cc 0. ® wn 05 © Coo FY18 FY19 FY20 FY21 FY22 FY23 FY24E ZD $m Equity share EBITDA ™Steelmaking ™ Process heat For perso 25 20 40 15 34 10
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Slide 20: Indicative production tonnes (Mt)
Indicative production tonnes (Mt) (100% basis) 4 For personal use only 3 Crown Mountain 2 Tenas Project North Island – Current North Island - Extension 1 Export - Current Export - Extension South Island 0 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY40
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Slide 22: Tenas Project and Crown Mountain
For personal use only 1. Tenas Project - Telkwa, British Columbia 2. Crown Mountain – Elk Valley, British Columbia • •
Slide 23: Crown Mountain and Tenas Project
For personal use only 1. Crown Mountain – Elk Valley, British Columbia 2. Tenas Project - Telkwa, British Columbia • •
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For personal use only
Slide 25: Marketable Coal Reserves
MARKETABLE COAL RESERVES Proven (Mt) Probable (Mt Total (Mt > z ie) Whareatea West 100% 0.0 3.0 3.0 A Stockton 65% 0.2 28 3.0 =) Upper Waimangaroa (Met) 65% O04 14 18 (qn) Takitimu 100% 0.0 07 07 S Rotowaro. 65% O4 0.6 1.0 ” Maramarua 65% V1 01 1.2 © Total 24% 8.64 10.74 o LL For more information, p
Slide 26: Growth projects
Growth projects Production Expected Life of Status For personal use only start date1 Mine4 • • • • •