Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — FY2024 Earnings Presentation
28 slides from Coronado Global Resources's earnings presentation, Feb 19, 2025
Slide 1: 2024 Full Year Results Presentation
2024 Full Year Results Presentation Douglas Thompson Managing Director & CEO 20 February 2025
Slide 2: Important Notices and Disclaimer
CRN - FY24 Results Presentation 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 necessaril
Slide 3: 2024 Highlights
CRN - FY24 Results Presentation 3 2024 Highlights Douglas Thompson Managing Director and CEO
Slide 4: 2024 Performance Highlights
2024 Performance Highlights Performance improvement and growth strategy re-positioned for scale and lower cost structure CRN - FY24 Results Presentation 4 Major Improvement at existing operations Planned investments in new operations expected to have attractive returns(1) Expected Significant FCF st
Slide 5: Coronado's diversification uniquely positioned for multiple markets
38% 21% 8% 10% 16% 65% 22% 7% Coronado’s diversification uniquely positioned for multiple markets Our high-quality Met Coal operations support customers on five continents Notes: (1) Group full year 2024 sales revenues split by geographic region, “Other” reflects direct sales to other destinations.
Slide 6: Growth Projects Update
Growth Projects Update Mammoth Underground and Buchanan Expansion projects expected to deliver 2.5 – 3.0 Mtpa of incremental Met Coal by 2026 to seaborne markets once at full capacity CRN – FY23 Results Presentation Mammoth Underground Buchanan Expansion Expected Key Benefits • Second quartile cost
Slide 7: Operations
Operations Overview Coronado.
Slide 8: Health and Safety across Australian and US Operations
Health and Safety across Australian and US Operations Our People, Our Highest Priority CRN – FY23 Results Presentation 8 Southern section of S-Pit, Curragh North Map of Curragh North and proposed underground seams Australian Operations (TRIFR) US Operations (TRIR) 0 2 4 6 8 10 Jan-21 Jul-21 Jan-22 J
Slide 9: Operational performance
26.6 15.3 15.8 Operational performance 2024 reflects major improvement at existing operations 5% ROM production increase year on year from 2022 and 2023. 15.3 Mt Saleable production complemented with higher than planned 0.6 Mt ROM inventory build. Strong sales performance of 15.8 Mt. 2024 Group Prod
Slide 10: Curragh Complex Cost Reductions
Curragh Complex Cost Reductions Significant cost reductions achieved, targeting a corporate goal of sub $85/t in 2026 • Continued focus on month-on-month cost reduction from the One Curragh Plan. o Higher waste movement from draglines and lower cost. o High productivity from all mining units resulti
Slide 11: 2024 Financial Results
CRN - FY24 Results Presentation 11 2024 Financial Results CRN - FY24 Results Presentation
Slide 12: 2024 Summary Financial Results ($M)
CRN - FY24 Results Presentation 12 2024 Summary Financial Results ($M) Substantial capital investments for future growth 115 156 74 27 41 52 30 23 Operating Cash Flows 104 Capex Growth 146 Capex Other 179 2024 Refinance Adjusted EBITDA 2024 Free Cash Flow Working capital & other Adj Operating Cash F
Slide 13: Global Coal Markets
Global Coal Markets CRN - FY23 Results Presentation Curragh North (Curragh Complex) CRN - FY24 Results Presentation
Slide 14: Met Coal prices declined to a three-year low
Met Coal prices declined to a three-year low Outlook remains positive - expected increases in forward pricing, global steel production and Met coal export demand • Annual global crude steel production is forecast to grow 16% to 2.1 billion metric tonnes by 2050 driven by India. • Met coal export dem
Slide 15: Strong Met Coal demand expected to 2050
Strong Met Coal demand expected to 2050 Global export Met Coal demand is forecast to grow to 482 Mt by 2050, led primarily by blast furnace steel production in India. India export Met Coal demand forecast to increase 181% by 2050. • Coronado with its long-life assets is well positioned, India remain
Slide 16: 2025 Priorities and Guidance
CRN - FY24 Results Presentation 16 2025 Priorities and Guidance
Slide 17: 2025 Guidance – targeting uplift from 2024 performance
2025 Guidance – targeting uplift from 2024 performance Continued optimisation of existing assets and delivery of highly accretive growth projects are the core priorities Note: Mining Cost per Tonne Sold assumes and AUD”: USD foreign exchange rate assumption of 0.63 for FY25. CRN - FY24 Results Prese
Slide 18: Immediate priorities on existing operations
Immediate priorities on existing operations Improve productivity, reduce cost and leverage market dynamics Consistent delivery of productivity and reliability improvement. Continue cost out program. Curragh Complex (OC) Maintain consistent performance levels with incremental improvement. Logan Compl
Slide 19: Immediate priorities on new operations
Immediate priorities on new operations Execute existing growth projects while assessing expandability scenarios ~ $105M capital investment in Mammoth UG for additional 2 Mt, potential revenue generation +$208 million ($200/t PLV at 77% realisation). +41 Mt reserves unlocked.(1) Mammoth Underground M
Slide 20: Near term priority - expiry of coal supply agreement and future growth options
Near term priority - expiry of coal supply agreement and future growth options Removal of Stanwell legacy agreement boosts cashflow and positions CRN for future expansion and greater shareholder returns Agreement to provide coal to Stanwell Power Station decreases from ~3 Mt to ~2Mt per annum. Rebat
Slide 21: Video Playback
VIDEO PLAYBACK CRN - FY24 Results Presentation 21
Slide 22: Questions and Answers
CRN - FY24 Results Presentation 22 Questions and Answers
Slide 23: Contacts
Investors Chantelle Essa Vice President Investor Relations +61 477 949 261 cessa@coronadoglobal.com investors@coronadoglobal.com Registered Office Coronado Global Resources Inc. Level 33, Central Plaza One 345 Queen Street Brisbane, QLD, Australia, 4000 GPO Box 51, Brisbane QLD, Australia, 4000 +61
Slide 24: Appendix: 2024 JORC Statement (Extract)
Appendix 2024 JORC Statement released February 20, 2025 (Extract) CRN - FY24 Results Presentation 24
Slide 25: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures CRN - FY24 Results Presentation 25 This presentation discusses results of the Company’s operations and includes references to and analysis of certain non-GAAP measures, which are financial measures not recognized in accordance with U.S. GAAP. Non-GAAP financial me
Slide 26: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures Adjusted EBITDA reconciliation (US$ thousands) For the year ended 31 December 2024 For the year ended 31 December 2023 Net (loss) / income (108,881) 156,065 Add: Depreciation, depletion and amortization 187,400 160,711 Add: Interest expense, net 58,856 56,751 Add:
Slide 27: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures Total consolidated mining costs per tonne reconciliation (US$ thousands, except for volume data) For the year ended 31 December 2024 For the year ended 31 December 2023 Total costs and expenses 2,587,256 2,718,633 Less: Selling, general and administrative expenses
Slide 28: Script of Video Presentation 'Coronado Steel Starts Here'
2024 Investor Presentation (slide 21) Script of Video Presentation ‘Coronado Steel Starts Here’ Thursday 20 February 2025 2023 Annual General Meeting of Stockholders: Script of Video Presentation entitled ‘Coronado AGM Video’ Thursday 25 May 2023 Coronado Global Resources Inc. Level 33, Central Plaz
Coronado Global Resources — FY2024 Earnings Presentation on 6ix