Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — Shareholder Meeting (May 2021)
36 slides from Coronado Global Resources's shareholder meeting presentation, May 27, 2021
Slide 1: 2021 Annual General Meeting of Stockholders: Presentation (ASX Announcement)
ASX Announcement 27 May 2021 For personal use only 2021 Annual General Meeting of Stockholders: Presentation Coronado Global Resources Inc (ASX: CRN) is pleased to provide a copy of the 2021 Annual General Meeting Presentation to be delivered at the Annual General Meeting of Stockholders (AGM) on Th
Slide 2: 2021 Annual General Meeting Presentation
For personal use only 2021 Annual General Meeting Presentation 27 May 2021
Slide 3: Chairman's Address
For personal use only Chairman’s Address Bill Koeck Independent Non-Executive Director and Chair 2
Slide 4: FY20 in Review
FY20 in Review Capex 40% below market guidance For personal use only Total Saleable Production of 17.0Mt Curragh expansion deferred Total Sales Volumes of 18.2Mt Reduced gross operating costs Group realized met coal price of Completed equity raising and $90.5/tonne covenant waivers Group mining cost
Slide 5: Coronado Successfully Managed through COVID-19 and the Market Downturn in 2020
Coronado Successfully Managed through COVID-19 and the Market Downturn in 2020 Legend: COVID-19 initiatives Operating initiatives Financial initiatives For personal use only COVID-19 Safety Restart US Operations 2020 Capex Review 2020 Equity Raising Protocols x xxx xxxxx Preventative measures Buchan
Slide 6: Successfully Completed US$550 million Refinancing Initiatives
Successfully Completed US$550 million Refinancing Initiatives Coronado has successfully completed its announced refinancing For personal use only initiatives resulting in a more Initial amount of US$100m Asset Based Revolving Asset Based Loan appropriate and flexible capital Credit Facility struct
Slide 7: The safety and health of our people remains our highest priority
For personal use only ‘The safety and health of our people remains our highest priority’ 6
Slide 8: Coronado's Sustainability Principles
Coronado’s Sustainability Principles “Our goal is to have zero significant environmental For personal use only and cultural heritage events. In 2020, neither Curragh nor the US Operations, had any significant environmental or cultural heritage incidents.” Coronado 2020 Sustainability Report 2021 Ann
Slide 9: Managing Director & CEO's Address
For personal use only Managing Director & CEO’s Address Gerry Spindler Managing Director & CEO’s Address 8
Slide 10: Health, Safety & Community
Health, Safety & Community The health and safety our people is our number one priority. Our commitment to prioritizing health, physical safety and mental wellbeing For personal use only is fundamental to our everyday practices and the way we engage with our employees, contractors and other stakeho
Slide 11: COVID-19 Response
For personal use only “Our COVID-19 Steering Committee has successfully established a roll-out of vaccinations at our U.S. Operations to ensure the continued health and safety of our workforce and mitigate future impacts to U.S. production from the pandemic. To date, for those who have sourced vacci
Slide 12: Coronado Operations diversified across geography, products and customers
Coronado Operations diversified across (A) geography, (B) metallurgical coal products offering and (C) customers For personal use only Geographically diverse Geography Metallurgical coal product offering asset base located near key rail and port Key export destinations Australia(1),(2) US(3) infra
Slide 13: Government Stimulus Driving Steel Demand Outlook; India Steel Production Growing
Government Stimulus Driving Steel Demand Outlook; India Steel Production Growing year on year For personal use only Annual Forecast GDP Growth Percentage (1) India Total Crude Steel Production (Mt) (2) 9.0 2021 2022 251.7 8.0 6.0 5.4 +103% 5.1 117.1 121.6 123.8 3.6 3.6 3.6 106.1 110.4 3.0 2.8 96.6 2
Slide 14: Positive Metallurgical Coal Outlook
Positive Metallurgical Coal Outlook Forecast demand for seaborne metallurgical coal is underpinned by the growth of India’s blast furnace production over the next decade For personal use only Metallurgical Coal Supply (Mt) Metallurgical Coal Demand (Mt) India’s seaborne metallurgical coal demand is
Slide 15: Significant Potential EBITDA Generation as Met Coal Prices Recover
Significant Potential EBITDA Generation as Met Coal Prices Recover A US$10/t HCC benchmark price uplift could contribute ~US$100 million to annual Adj. EBITDA(1)(4) Prices >US$200/t For personal use only In 2020 metallurgical coal 29% (307 days) Historical Metallurgical Coal Benchmark Prices price
Slide 16: Factors supporting Coronado's liquidity in the current market
Factors supporting Coronado’s liquidity in the current market Historical Metallurgical Coal Australian FOB prices vs. US FOB prices For personal use only (US$/t) US coking coal prices continue to trade at a 250 Low Vol HCC FOB premium to Australian coking coal prices USEC currently trading • Current
Slide 17: Coronado Strategic Platform
Coronado Strategic Platform High quality Australian and US metallurgical coal is an essential element in the production of steel and delivers lower emissions than substitutes For personal use only Largest independent producer of steel making coal globally Asset Optimisation Strategic Growth Capital
Slide 18: Chairman
For personal use only Chairman Bill Koeck Independent Non-Executive Director and Chair 17
Slide 19: Formal Business of The Meeting
For personal use only Formal Business of The Meeting 18 18
Slide 20: Items of Business
Items of Business For personal use only Resolution by Holder of Preferred Stock Series A • Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis Resolutions by Holders of Common Stock • Item 2: Re-election of Directors • Item 3: Approval on a Non-binding Advisory Basi
Slide 21: Item 1: Re-election of Series A Directors
Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only Ms Laura Tyson Sir Michael (Mick) Davis 2021 Annual General Meeting 20
Slide 22: Item 1: Re-election of Series A Directors (resolution)
Item 1: Re-election of Series A Directors Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only The Series A Preferred Stockholder is being asked to consider and if thought fit, resolve by ordinary resolution that: (a) ‘Ms Laura Tyson, be re-elected as a non-executive Director of the Com
Slide 23: Item 1: Summary of Proxies Received
Item 1: Re-election of Series A Director Ms Laura Tyson and Sir Michael (Mick) Davis For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 21, 2021) Voted % Re-election of Ms Laura Tyson For 100% Withheld 0% Re-election of Sir Michael (Mick) Davis For 100% Withheld 0% No
Slide 24: Item 2: Re-election of Directors
Item 2: Re-election of Directors For personal use only Mr William (Bill) Koeck Mr Garold (Gerry) Spindler Mr Philip Christensen Mr Greg Pritchard 2021 Annual General Meeting 23
Slide 25: Item 2: Re-election of Directors (resolution)
Item 2: Re-election of Directors For personal use only Security holders are being asked to consider and if thought fit, resolve by ordinary resolution that: (1) ‘Mr William (Bill) Koeck, being eligible, be re-elected as an independent, non-executive Director of the Company to hold office until the n
Slide 26: Item 2: Summary of Proxies Received
Item 2: Re-election of Directors For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 21, 2021) Voted % Re-election of Mr William (Bill) Koeck For 96.29% Withheld 3.71% Re-election of Mr Garold (Gerry) Spindler For 96.66% Withheld 3.34% Re-election of Mr Philip Christen
Slide 27: Item 3: Non-binding Advisory Approval of Executive Compensation
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve that the compensation of the Company’s named executive officers, as disclosed pursuant
Slide 28: Item 3: Summary of Proxies Received
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 21, 2021) Votes (%) For 94.34% Against 5.62% Abstain 0.04% 2021 Annual General Meeting 27
Slide 29: Item 4: Ratification of Independent Registered Public Accounting Firm
Item 4: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2021 For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve to ratify the appointment of Ernst & Young as the C
Slide 30: Item 4: Summary of Proxies Received
Item 4: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2021 For personal use only Summary of Proxies Received (at proxy close, 10am (AEST) May 21, 2021) Votes (%) For 99.97% Against 0.01% Abstain 0.01% 2021 Annual General Meeting 29
Slide 31: Thank You
Thank You For personal use only Investor Relations and Media Contacts: Investors: Investors: Media: Andrew Mooney Matt Sullivan Brett Clegg P: +61 458 666 639 P: +61 412 157 276 Citadel Magnus E: amooney@coronadoglobal.com.au E: msullivan@coronadoglobal.com.au P: +61 487 436 985 2021 Annual General
Slide 32: Appendix
For personal use only Appendix 31
Slide 33: 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 34: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures For personal use only For the year For the year For the year For the year For the year For the year Adjusted EBITDA ended ended ended Mining Costs per tonne ended ended ended reconciliation December 31, December 31, December 31, reconciliation December 31, Decembe
Slide 35: Reconciliation of Non-GAAP measures: Realized Pricing
Reconciliation of Non-GAAP measures For personal use only Realized Pricing reconciliation For the year ended December 31, 2020 Australia United States Consolidated (US$ Thousands, except for volume data) Total Revenues 976,369 485,893 1,462,262 Less: Other revenues 34,143 4,520 38,663 Total coal rev
Slide 36: Coronado 2020 Sustainability Report
For personal use only Coronado 2020 Sustainability Report https://coronadoglobal.com.au/environment-social-governance/ 35 35
Coronado Global Resources — Shareholder Meeting (May 2021) on 6ix