Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Shareholder Meeting (October 2025)
16 slides from Whitehaven Coal's shareholder meeting presentation, Oct 30, 2025
Slide 1: 2025 Annual General Meeting
2025 Annual General Meeting 30 October 2025 Whitehaven Coal Limited ABN 68 124 425 396 P +61 2 8222 1100 F +61 2 8222 1101 Level 28, 259 George Street, Sydney NSW 2000 PO Box R1113, Royal Exchange
Slide 2: Chairman's Address
Chairman’s Address The Hon. Mark Vaile AO Chairman, Whitehaven 2
Slide 3: The Queensland acquisition has transformed Whitehaven
The Queensland acquisition has transformed Whitehaven Completed in Apr-24, the acquisition was aligned with a long-held strategy to grow in metallurgical coal Long-held strategy to grow in metallurgical coal DAUNIA & BLACKWATER met coal mines acquired from BMA WHC lists NARRABRI VICKERY Whitehaven &
Slide 4: Strong operational performance underpinned solid results
Strong operational performance underpinned solid results FY25 Operational results 39.1Mt 26.5Mt A$215/t $139/t Managed ROM production Equity sales of produced coal Whitehaven achieved price Unit cost of coal including 20.0Mt from QLD operations up 61% on FY24 reflecting the Resilient pricing in a su
Slide 5: Safety performance is tracking well
Safety performance is tracking well QLD and NSW operations consolidated including 5-year historic data 4.6 Total Recordable Injury Frequency Rate (TRIFR) - employees and contractors Combined data for Whitehaven operations and Whitehaven owned / BMA owned Daunia and Blackwater operations managed sinc
Slide 6: Solid environmental performance
Solid environmental performance QLD and NSW operations consolidated since the QLD acquisition in April 2024 Other FY25 progress Zero environmental enforcement action events New HSE Data Centre developed (EEAs)1 reported in FY25 continuing Integrated QLD and NSW monitoring & reporting excellent F
Slide 7: Managing Director and CEO's Address
Managing Director and CEO’s Address Paul Flynn Managing Director and CEO, Whitehaven 7
Slide 8: Acquisition milestones achieved in line with or ahead of plan
Acquisition milestones achieved in line with or ahead of plan JV with long-term customers Nippon Steel and JFE Steel, affirms mine’s strategic value US$1.08b proceeds received from 30% sale of Blackwater Successful integration with solid operational Blackwater gains being delivered Strong su
Slide 9: Deferred payments and coal price contingent payments to BMA
Deferred payments and coal price contingent payments to BMA Deferred payments are well covered on the With softer coal prices since acquisition, contingent balance sheet payment structure has provided downside protection Deferred payments, US$m Coal price contingent payments1, US$m US$500m cash on b
Slide 10: Capital allocation framework – Refreshed in August 2025
Capital allocation framework – Refreshed in August 2025 Whitehaven's capital allocation framework has been refreshed to continue to deliver shareholder value Operating cashflows 1 2 3 Deliver returns to shareholders Maintain and optimise operations Maintain balance sheet strength Dividends Buy-backs
Slide 11: Structural supply gaps are expected for both high CV thermal and metallurgical coking coal
Structural supply gaps are expected for both high CV thermal and metallurgical coking coal Global supply & demand: Global supply & demand: seaborne high CV thermal coal (>5850 NCV)1 seaborne metallurgical coking coal2 M 400tonnes M 400tonnes 350 350 300 300 150Mt 250 250 61Mt 200 200 150 150 100 100
Slide 12: Progressing our development pipeline
Progressing our development pipeline Winchester South • Approvals progressing • Winchester South and Daunia are adjacent mines offering synergy opportunities Vickery • All external approvals received • Early mining of Vickery commenced in FY24 ahead of full-scale development 12
Slide 13: Contributing to our communities – FY25 overview
Contributing to our communities – FY25 overview1 10.4% 21.7% 5:1 336ha of workforce identify female employees in our business ratio of land managed of land rehabilitated across as Indigenous compared to 22.7% in FY24 for biodiversity compared with NSW and QLD in FY25 land disturbed for mining2 $2.1m
Slide 14: We remain confident in our FY26 guidance ranges
We remain confident in our FY26 guidance ranges FY25 actual FY26 guidance Managed ROM Coal Production, Mt GROUP 39.1 37.0 – 41.0 QLD 20.0 18.3 – 20.1 NSW 19.1 18.7 – 20.9 Managed Coal Sales1, Mt GROUP 30.2 29.5 – 33.0 QLD 15.8 14.6 – 16.1 NSW 14.4 14.9 – 16.9 Equity Coal Sales1, Mt GROUP 26.5 23.3 –
Slide 15: Significantly improved shareholder value per share
Significantly improved shareholder value per share Whitehaven’s sales tonnes per share have grown by 2.5x and EBITDA per share has grown >3x Equity sales (tonnes) / share1 EBITDA3 ($) / share Post acquisition Post acquisition Pre-acquisition (higher margin tonnes) Pre-acquisition (higher margin tonn
Slide 16: Thank you
D7 Whitehaven Thank you