Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — Shareholder Meeting (May 2019)
25 slides from Coronado Global Resources's shareholder meeting presentation, May 22, 2019
Slide 1: Annual General Meeting: Presentation
ASX Announcement 22 May 2019 For personal use only Annual General Meeting: Presentation Attached is a copy of the Presentation to be delivered at the Annual General Meeting (AGM) on Wednesday 22 May 2019, 10.30am at Brisbane Marriott Hotel, 515 Queen Street. Ben Pentelow General Counsel – Australia
Slide 2: Annual General Meeting 22 May 2019
For personal use only Annual General Meeting 22 May 2019 All tonnages throughout this presentation are metric tonnes All amounts quoted throughout this presentation are in US$ unless otherwise stated
Slide 3: Chairman's Address
For personal use only Chairman’s Address Bill Koeck FY18 Results Presentation 2
Slide 4: FY18 in highlights
FY18 in highlights For personal use only Australian operations TRIFR1 of 3.4 lowest in 35 years of operation, US 31 December 2018 closing cash operations TRIR2 of 2.3, lowest since balance of $124.9m the Company was founded Acquisition of Stanwell Reserve Area Total production of 20.2Mt and total pr
Slide 5: Steel Starts Here
Steel Starts Here Met coal is a key resource in the production of steel For personal use only Production of Steel To produce 1,000kg of crude steel using (BF-BOF) Global steel industry consumes Steel is produced via two main processes: process you need around Circa 2 billion t Iron ore 1,370 kg Iron
Slide 6: Coal market performance
Coal market performance Crude steel production (Bt)1 Prime Low Vol Hard Coking Coal Price (FOB Australia) (US$/t)2 2.0 400 For personal use only 1.8 1.7 1.6 1.6 1.6 1.6 1.5 1.5 1.5 300 200 1.0 100 0.5 0 - 2011 2012 2013 2014 2015 2016 2017 2018 Seaborne metallurgical coal supply 20183 Seaborne metal
Slide 7: World class portfolio of metallurgical coal assets
World class portfolio of metallurgical coal assets Coronado has assembled a diversified portfolio of premium coal assets, focused on low-cost production, long mine lives and strategic access to infrastructure and markets For personal use only Production 20.2Mt AUGUST 2011 Coronado DECEMBER APRIL 201
Slide 8: Committed to Sustainability
For personal use only Committed to Sustainability
Slide 9: Concluding Comments
For personal use only Concluding Comments
Slide 10: Managing Director & CEO's Address
For personal use only Managing Director & CEO’s Address Gerry Spindler 9
Slide 11: Coronado was built with a purpose, and designed for the long-haul
Coronado was built with a purpose, and designed for the long-haul We believe we are uniquely positioned in a singular commodity For personal use only • While steel can be produced with scrap via the EAF route, the demands of a growing global economy will require increasing amounts of high-quality st
Slide 12: Long-life assets supported by significant JORC Reserves and Resources
Long-life assets supported by significant in JORC Reserves and Resources For personal use only Reserves and Resources (Mt) as 31 December 2018 3,000 1,200 2,524 2,500 957 1,000 2,000 800 1,500 513 600 493 1,084 1,000 311 400 251 220 177 201 180 500 155 200 60 90 0 0 Group Curragh Buchanan Logan Gree
Slide 13: Solid production performance in FY18, upside expected in FY19
Solid production performance in FY18, upside expected in FY19 Saleable Production by Asset (Mt) For personal use only Met Coal Production by Asset 10.0 9.2 8.7 8.0 6.0 4.6 4.7 4.6 4.3 4.0 2.0 1.9 2.0 0.8 0.6 - Curragh Buchanan Logan Greenbrier Thermal Prospectus Actual 12
Slide 14: Future Pipeline
Future Pipeline Extremely well positioned to take advantage of organic growth opportunities For personal use only FUTURE CURRAGH GROWTH OPPORTUNITIES STUDY1 - MDL 162 PANGBURN-SHANER-FALLOWFIELD2 - Expiry of Stanwell Rebate SRA MINE INTEGRATION - Study currently underway to best integrate the SRA in
Slide 15: Early assessment supports uplift in production profile across the Group
Early assessment supports uplift in production profile across the Group For personal use only Production Growth Profile 23.5 23.0 22.5 22.0 21.5 21.0 20.5 20.0 19.5 19.0 18.5 2018 2019 2020 2021 2022 2023 Prospectus FY19 Guidance Range Growth Opportunities 2019 Annual General Meeting of Coronado Glo
Slide 16: Pangburn-Shaner-Fallowfield development opportunity
Pangburn-Shaner-Fallowfield development opportunity Reserves/Resources Reserves – 147.2 Mt General Location Map For personal use only Resources – 493.1 Mt Reserve Life – 65 years Coal Processing Owned Surface property for CHPP and refuse area Production Capacity +2.25 Mt per year Coal Quality High-V
Slide 17: Access to full spectrum of metallurgical coals
Access to full spectrum of metallurgical coals Coronado’s portfolio produces a suite of metallurgical coals that meets the blend requirements of steel producers globally Typical US Steel producer’s coke blend requirements For personal use only Coronado’s metallurgical grades Low Vol Mid Vol High Vol
Slide 18: FY19 Q1 review
FY19 Q1 review For personal use only Unaudited total year to date revenue Australian operations TRIFR of 3.70, of $592 million for the quarter ended US operations TRIR of 2.63 31 March 2019 ROM production of 7.8Mt, up 5.4% Metallurgical coal represented 79.9% compared to corresponding quarter of tot
Slide 19: Steelmaking process: coal and other inputs
Steelmaking process: coal and other inputs Blast Furnace Electric Arc Furnace Coal For personal use only Coke oven Natural gas (coal) Iron Ore Coke Iron Ore Limestone Direct Coal, Reduction Scrap Steel natural gas, oil etc Blast Direct Electricity Electricity Furnace reduced iron Electric Arc Electr
Slide 20: Our market valuation has lagged our peers
Our market valuation has lagged our peers, both in the coal sector and compared to other steel inputs For personal use only Coal peer comps1 Steel input comps1 6.0 6.0 Ferro Vanadium Iron Ore Chrome 4.9x 4.9x 5.0x 4.8x 5.0 5.0 Nickel & Manganese 4.0 3.7x 3.8x 4.0 Ferro 3.4x 3.1x 3.2x Chrome 3.0 2.6x
Slide 21: FY19 Guidance
FY19 Guidance For personal use only FY19 Guidance FY19 PROSPECTUS FY19 GUIDANCE RANGE Production (Mt) 21.6 21.6 - 22.0 EBITDA ($m) 737 737 - 807 Cost ($pt) 51 51 - 52 Capex ($m) 160 160 - 180 Payout Ratio (%) 100 100 2019 Annual General Meeting of Coronado Global Resources, Inc 20
Slide 22: Thank you
For personal use only Thank you
Slide 23: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Coronado Global Resources (Coronado) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be relied upon as advi
Slide 24: Disclaimer (Cont.)
Disclaimer (Cont.) 2018 JORC Resource and Reserve Statements In this announcement, references to ore reserves (Reserves) are compliant with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 (JORC Code) and are measured in accordance with the JORC Cod
Slide 25: For personal use only
For personal use only 2019 Annual General Meeting of Coronado Global Resources, Inc 24
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