Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — H1 2024 Earnings Presentation
26 slides from Coronado Global Resources's earnings presentation, Aug 5, 2024
Slide 1: 2024 Half Year Results Presentation
2024 Half Year Results Presentation Douglas Thompson Managing Director & CEO Gerhard Ziems Group Chief Financial Officer 6 August 2024 All units in U.S. dollars and metric tonnes, unless otherwise stated
Slide 2: Important Notices and Disclaimer
CRN - HY24 Results Presentation 2 Important Notices and 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 com
Slide 3: HY 2024 Highlights
HY 2024 Highlights Douglas Thompson Managing Director & CEO CRN – HY24 Results Presentation 3
Slide 4: HY 2024 Highlights
Material improvement in performance in Q2 vs Q1 – Higher production, higher sales, lower costs, higher margins Prudent capital management focused on organic growth. Strong Balance Sheet Group Revenue of $1.3 billion and Available Liquidity $414 million Progressing emission reduction projects – Secon
Slide 5: Health and Safety: Our People, Our Highest Priority
CRN - HY24 Results Presentation 5 Health and Safety Our People, Our Highest Priority Notes: Total Recordable Injury Frequency Rate (TRIFR), is the number of fatalities, lost time injuries, cases or substitute work and other injuries requiring medical treatment per million-man hours worked on a rolli
Slide 6: Material Improvements in Q2 vs Q1 2024
CRN – HY24 Results Presentation 6 Material Improvements in Q2 vs Q1 2024 Actions implemented in our business are realising tangible results 3.4 4.1 Q1 Q2 +21% Notes: Quarter 1 2024 and Quarter 2 2024 actual results. Mt = Million metric tonnes. Rounding has been applied. ROM Coal Production (Mt) Sale
Slide 7: Coronado Retains FY 2024 Guidance
Coronado Retains FY 2024 Guidance Focus on H2 2024 delivery; Asset optimisation of our existing assets and continued investment in highly accretive organic growth projects are our key strategic focus areas Metric (metric tonnes / U.S. dollars) Actuals HY 2024 Guidance FY 2024 Saleable Production (Mt
Slide 8: HY 2024 Financial Performance
CRN - HY24 Results Presentation 8 HY 2024 Financial Performance Gerhard Ziems Group Chief Financial Officer CRN - HY24 Results Presentation 8
Slide 9: HY 2024 Summary Financial Results
CRN - HY24 Results Presentation 9 Strong Balance Sheet maintained; High closing working capital balance as at 30 June 2024 HY 2024 Summary Financial Results CRN – HY24 Results Presentation 9 Total Group Revenues $1.3 billion Group Realised Price Per Tonne of Met Coal Sold $199.3/t Adjusted EBITDA $1
Slide 10: Cash Flow Movement and Liquidity ($M)
CRN - HY24 Results Presentation 10 Cash Flow Movement and Liquidity ($M) Coronado generated $63 million in Operating Cash Flows (excl. stamp duty payment in Q1). Continued high royalties (AUS $138 million; U.S. $19 million), and Stanwell rebate ($69 million) cash payments equate to a Group cost of ~
Slide 11: Coronado's Capital Management Strategy
CRN - HY24 Results Presentation 11 Coronado’s Capital Management Strategy CRN - HY24 Results Presentation 11 1. Strong Balance Sheet 2. Shareholder Returns 3. Organic Growth Maintaining a strong balance sheet with enhanced liquidity and prudent debt levels. Fundamental strategy is to return funds to
Slide 12: Coronado declares its biannual fully franked fixed dividend
CRN - HY24 Results Presentation 12 Coronado declares its biannual fully franked fixed dividend of $8.4 million (US 0.5 cents/CDI) The declaration of the biannual fully franked fixed dividend does not require a matching Senior Secured Notes purchase offer. Coronado continues to invest in its Buchanan
Slide 13: Metallurgical Coal & Steel Markets
Metallurgical Coal & Steel Markets CRN - HY24 Results Presentation 13
Slide 14: Met Coal prices well above long-term average price
Met Coal prices well above long-term average price LV PCI relativities have strengthened; Price rebounds expected from September 2024 Notes: (1) Source: S&P Global Platts pricing 31 Dec 2019 to 30 July 2024; PLV HCC FOB AUS = Premium Low-Vol FOB Australian Hard Coking index, LV HCC FOB USEC = Low-Vo
Slide 15: Increasing Met Coal Demand Through 2050
Increasing Met Coal Demand Through 2050 Global export Met Coal demand is forecast to grow to 576Mt by 2050, led primarily by blast furnace steel production in India. India export Met Coal demand forecast to increase 241% by 2050. • Coronado with its long-life assets is well positioned, India remains
Slide 16: Organic Growth Investment Plans
Organic Growth Investment Plans Douglas Thompson Managing Director & CEO CRN – HY24 Results Presentation 16
Slide 17: Growth Projects Update
Growth Projects Update Mammoth Underground and Buchanan Expansion projects expected to deliver 2.5 – 3.0 Mtpa of incremental Met Coal to seaborne markets once at full capacity CRN – FY23 Results Presentation 17 Mammoth Underground Buchanan Expansion ✓ Project on time and on budget. ✓ Statutory appro
Slide 18: Emissions Reduction
Emissions Reduction New VAM unit installed at Vent Shaft 18; Gas converted truck trial at Curragh; Rehabilitation works completed and continue as planned. CRN – HY24 Results Presentation 18 Fully commissioned 2nd VAM unit at Buchanan Completed rehabilitation works at Greenbrier
Slide 19: Coronado Investment Credentials
Coronado Investment Credentials CRN - HY24 Results Presentation 19
Slide 20: Value Enhancement – a well advanced executable plan
CRN – HY24 Results Presentation 20 Value Enhancement – a well advanced executable plan Higher Tonnages / Lower Costs / Lower Capex / Higher Margins 15.8 FY23 FY24 Est FY25 Est FY26 Est Notes: 2024 – 2026 projections are estimates and should not be taken as guidance. Mt = Million metric tonnes. Pleas
Slide 21: Substantial Future Value Uplift – Curragh
Substantial Future Value Uplift – Curragh(1) Estimated EBITDA uplift of ~$290 million(3) per year upon expiration of existing Stanwell coal supply arrangement (CSA) and rebate expected from early 2027 21 Notes: Rounding has been applied. (1) Please refer to Important Notices & Disclaimer discussing
Slide 22: Coronado Investment Proposition
Critical Commodity Operational Excellence Capital Management • Completed significant investment in waste movement deficit – Curragh Complex • Executable Organic Growth Plan (Mammoth UG / Buchanan): target of ~20 Mt by 2025 • Strong Culture and Capability to maximise performance; Strategic / Experien
Slide 23: Questions
CRN - HY24 Results Presentation 23 Questions CRN - HY24 Results Presentation 23
Slide 24: Reconciliation of Non-GAAP measures
CRN - HY24 Results Presentation 24 Reconciliation of Non -GAAP measures This presentation includes a discussion of results of operations and references to and analysis of certain non -GAAP measures (as described below) which are financial measures not recognised in accordance with U .. S .. GAAP ..
Slide 25: Reconciliation of Non-GAAP measures
CRN - HY24 Results Presentation 25 Reconciliation of Non-GAAP measures Total consolidated mining costs per tonne reconciliation (US$ thousands, except for volume data) For the six months ended 30 June 2024 For the three months ended 30 June 2024 For the three months ended 31 March 2024 For the year
Slide 26: Contacts
Investors Andrew Mooney Vice President Investor Relations & Communications +61 458 666 639 amooney@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, Au
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