Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Merger or Acquisition (November 2007)
14 slides from Whitehaven Coal's merger presentation, Nov 28, 2007
Slide 1: Successful $130 million Capital Raising to fund Acquisition of Werris Creek
For personal use only Whitehaven Coal Ltd Successful $130 million Capital Raising to fund the Acquisition of Werris Creek & Commencement of Stage 1 of Narrabri North November 2007
Slide 2: Disclaimer
Disclaimer For personal use only Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, resources, reserves, potential growth of Whitehaven Coal Limited, industry growth or other t
Slide 3: Whitehaven Coal Ltd in summary
Whitehaven Coal Ltd in summary For personal use only X The leading coal developer in the emerging Gunnedah Coal Basin X Portfolio of high quality export coals, in strong demand from Asian consumers X Three existing mines - performing well X Substantial growth plans over the next 5 years, centred on
Slide 4: Leading developer in the Gunnedah Basin
Leading developer in the Gunnedah Basin For personal use only X Whitehaven’s tenement areas exceed 233 km2 X Managed production of 3 Mtpa from 3 mines – Canyon – Tarrawonga – Werris Creek X Three new projects in the pipeline – Narrabri North (underground longwall) – Belmont (opencut) – Sunnyside (op
Slide 5: Summary of the successful capital raising
Summary of the successful capital raising For personal use only X Whitehaven to acquire 100% of Creek Resources Pty Ltd and certain mine-related equipment for c.$52m cash plus 3.6m Whitehaven shares. Creek Resources owns a 60% interest in the Werris Creek Mine. Following this acquisition Whitehaven
Slide 6: High growth portfolio
High growth portfolio For personal use only Planned Production Growth by Mine (100%) 12 10 Production (Mtpa) 8 6 Narrabri North Werris Creek 4 WMP 2 0 FY2006a FY2007a FY2008f FY2009f FY2010f FY2011f X Planned ~4-fold increase in production over the next 4 years − Sunnyside and Belmont expected to co
Slide 7: Werris Creek Mine (100%)
Werris Creek Mine (100%) For personal use only Mine & X Operational opencut mine Ownership X Mining commenced September 2005 X c. 8% low ash, low sulphur, low Product phosphorous PCI coal X 11-13% ash thermal coal X FY07 production of 1.3 Mt Production X Saleable production capacity of c.1.5 Mtpa X
Slide 8: Werris Creek acquisition structure
Werris Creek acquisition structure For personal use only X Through the acquisition of Creek Resources, Whitehaven will acquire the remaining 60% of the Werris Creek Coal Mine, taking its interest to 100% X Whitehaven will also acquire certain machinery and the product coal road haulage business whic
Slide 9: Werris Creek acquisition - benefits
Werris Creek acquisition - benefits For personal use only X Attractive investment in a low risk, open cut, operating mine producing high quality thermal coal and PCI products X Consolidates ownership and management of an attractive existing minority asset X Acquisition price is favourable for Whiteh
Slide 10: Narrabri North Coal Project
Narrabri North Coal Project For personal use only - Project Approval for Stage 1 received on 16 November 2007 - Construction to commence early CY2008 - First coal production expected Q1 CY2009 - Longwall (stage 2) planning well advanced - Coal quality and yield expected to provide low cost, high pro
Slide 11: Offer summary
Offer summary For personal use only X Offer Structure - $130m raised via a placement - approximately $30m was allocated to AMCI-related entities (subject to shareholder approval) - approximately $2m was allocated to other directors (subject to shareholder approval) - approximately $98m of placement
Slide 12: Use of funds
Use of funds For personal use only $ million Werris Creek acquisition 52 Narrabri North development (including: earthworks, drift construction, 78 conveyors, load-out facility, buildings and general site works) Total 130 X Additional benefits of the capital raising is the improvement of the sharehol
Slide 13: Timetable
Timetable For personal use only X Placement Dispatch Notice of General Meeting to approve issue of shares to Thurs 7 December 2007 director-related entities Settlement of placement shares (ex director-related entities) Fri 30 November 2007 Placement shares start trading (ex director-related entities
Slide 14: Qualifications and Statement
Qualifications and Statement For personal use only The information in this report that relates to Coal Resources at Narrabri North is based on information compiled by Mr Pat Hanna, who is a Fellow of the Australasian Institute of Mining & Metallurgy. Mr Hanna FAusIMM, CP, MMICA is a qualified geolog
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