Slide 1: 2025 Full Year Results Presentation
1 | 2025 Full Year Results Presentation Douglas Thompson Managing Director & CEO Barrie van der Merwe Group CFO 24 February 2026
Slide 2: Important Notices and Disclaimer
2 Important Notices and Disclaimer The material contained in this presentation is intended to be general background information on Coronado Global Resources Inc. (Coronado) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended t
Slide 3: 2025 Overview
3 2025 Overview Douglas Thompson Managing Director and CEO
Slide 4: Major projects delivered on time and on budget
4 Major projects delivered on time and on budget Portfolio of fully repaid long-life metallurgical coal assets with leverage to the fastest growing steel market in India Diversified customer and product market exposure, supporting customers on five continents Further upside from full year of Mammoth
Slide 5: Long life assets have delivered substantial dividends and returns
5 Long life assets have delivered substantial dividends and returns Buchanan Curragh For coal reserves refer end note slide 5 Acquisition Date 2016 Coal Reserves (Mts) 161 Remaining LOM (yrs) ~21 2025 Buchanan Expansion: ~40 Mt added for $150/t annual capacity Acquisition Date 2018 Coal Reserves (Mt
Slide 6: 2026 margin expansion driven by two highly-accretive investments
CRN - FY25 Results Presentation 6 2026 margin expansion driven by two highly-accretive investments Growth projects expected to deliver a combined annual steady-state mine operating cash contribution of ~US$300M in FY26, representing a step-change in cash flow generation. • Low capital intensity proj
Slide 7: Timeline
CRN - FY25 Results Presentation 7 Timeline FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ Productivity initiatives Mammoth Underground Buchanan Expansion Mammoth Phase 2 Buchanan Plant Expansion Curragh Extension 1 X Pit Mammoth Phase 3 Curragh Extension 2 D Pit Curragh Extension
Slide 8: Mammoth Underground Mine Phase Extension
CRN - FY25 Results Presentation 8 Mammoth Underground Mine Phase 2 Extension Low capital expansion project in pre-execution phase Coal Reserve, Quality and Mining Method • Underground bord and pillar operation; Access utilizing existing open cut pit highwall in S-Pit • Building on success with Mammo
Slide 9: Transformation journey: From strategy to results
9 Transformation journey: From strategy to results Strategic transformation delivers record production and industry-leading cost reductions FY22 FY24 FY25 H2 Inflection FY26 Expectations • Foundation work • “One Curragh Plan” & “US Uplift Program” • Structural • Cost out & Productivity • $110M reduc
Slide 10: Transformation delivered, operational and financial momentum in 2026
CRN - FY25 Results Presentation 10 Transformation delivered, operational and financial momentum in 2026 Costs structurally lower, higher volume capability proven, and liquidity secured Operations Growth Projects Liquidity ~$100M p.a cost savings from fleet reduction in 2024 ~$165M mining cost reduct
Slide 11: Full Year Financial Performance
Full Year Financial Performance Barrie Van der Merwe CFO
Slide 12: Realising benefits of Curragh transformation
CRN - FY25 Results Presentation 12 Realising benefits of Curragh transformation • Material cost reduction • Stable mining performance • Bottleneck shifting to Coal Processing Plants • Improved resilience and lower risk following Stanwell reset Quality of Buchanan • Self funded expansion project • Ge
Slide 13: Up to $640M of cash flow upside at consensus price
13 At consensus price of $220/t, up to $640M of cash flow upside compared to FY25 at $188/t 50 100 85 285 120 350 110 Structural, sustainable cash uplifts Stanwell rebate forgiveness Additional Stanwell prepayment Lower capex Full year of expansions Mine development, ops cost & royalties Price benef
Slide 14: Rebalanced Stanwell Arrangement Enhancing Stability for Both Parties
14 Rebalanced Stanwell Arrangement Enhancing Stability for Both Parties Curragh matters to Qld and Australia • 10–15% of Queensland’s base load • Local economic contribution – Blackwater region • Curragh’s continued operation a strategic priority for QLD A mutually beneficial partnership • Extended,
Slide 15: Liquidity management and resetting the capital structure
CRN - FY25 Results Presentation 15 Liquidity management and resetting the capital structure 173 268 338 50 70 Cash at 31/12/2025 Short-term prepayment 25 Discounting letters of credit 20 Factoring facilities Liquidity Potential return of cash backed guarantees Potential liquidity Liquidity ($M) 400
Slide 16: Capital allocation
CRN - FY25 Results Presentation 16 Capital allocation Driving value for shareholders by balancing risk and returns • $1.5B returned to shareholders in dividends since IPO in 2018 • Net debt peaking at $524M at end of FY25 • Maintaining adequate liquidity including tenor is important • Capital alloca
Slide 17: 2026 Priorities and Guidance
2026 Priorities and Guidance
Slide 18: FY 2026 guidance
18 FY 2026 guidance Metric (metric tonnes / U.S. dollars) Actual FY 2025 Guidance FY 2026 Saleable production (Mt’s) 16 16 – 17 Average mining costs per tonne sold 98 N/A Average mining cash costs per tonne produced ($/t)* 96 88 – 96 Capital expenditure ($) 245 150 – 175 Saleable production • +2 Mt
Slide 19: FY 2026 Key Strategic Focus Areas
FY 2026 Key Strategic Focus Areas Full year of ramped-up production from expansion projects Plant improvement and margin optimisation at Curragh Complex Delivering to plan – production, cost and capex Using price upside to improve liquidity, reduce debt and improve financial risk profile Disciplined
Slide 20: Questions
Questions 2 $ a ¢ < so) < Ci @ eee
Slide 21: Contacts
Investors Chantelle Essa Vice President Investor Relations +61 477 949 261 cessa@coronadoglobal.com investors@coronadoglobal.com Registered Office Coronado Global Resources Inc. Level 33, Central Plaza One 345 Queen Street Brisbane, QLD, Australia, 4000 GPO Box 51, Brisbane QLD, Australia, 4000 +61
Slide 22: Footnotes
Footnotes 1. Slide 4. Image sourced from Vecteezy.com. Statement regarding Coronado’s positioning based on publicly disclosed market outlook and company strategy. 2. Slide 5. As inflows through EBITDA–Capex and similar economic value calculations are non-GAAP measures and are derived from adjustment
Slide 23: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures CRN - FY25 Results Presentation 23 This presentation discusses results of the Company’s operations and includes references to and analysis of certain non-GAAP measures, which are financial measures not recognized in accordance with U.S. GAAP. Non-GAAP financial me
Slide 24: Reconciliation of non-GAAP measures
Reconciliation of non-GAAP measures For the six months ended June 30, 2025 For the six months ended December 31, 2025 Total costs and expenses 1,077,930 1,203,543 Less: Selling, general and administrative expense (15,933) (23,317) Less: Depreciation, depletion and amortization (86,029) (99,321) Tota