Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Shareholder Meeting (October 2024)
14 slides from Whitehaven Coal's shareholder meeting presentation, Oct 30, 2024
Slide 1: Whitehaven Coal Limited 2024 AGM Presentation
Whitehaven Coal Limited 2024 AGM Presentation 30 October 2024 Authorised for release by the Board of Whitehaven Coal Limited Whitehaven Coal Limited ABN 68 124 425 396 Level 28, 259 George Street, Sydney NSW 2000 P +61 2 8222 1100 | F +61 2 8222 1101 PO Box R1113, Royal Exchange NSW 1225 whitehavenc
Slide 2: Disclaimer
Disclaimer This presentation contains information in a summary form and does not purport to be complete. It is qualified by any other information that Whitehaven discloses to the ASX. FORWARD LOOKING STATEMENTS Statements contained in this material, particularly those regarding the possible or assum
Slide 3: We have doubled the size of our business
We have doubled the size of our business Managed ROM production (Mt) NARRABRI MAULES CREEK ROCGLEN and WERRIS CREEK ~35-40 first coal from longwall production commences SUNNYSIDE mine mine closure closures MAULES CREEK COVID, labour supply, Narrabri mine ramp up conditions and weather impacts 24.5 Q
Slide 4: A pivotal year for Whitehaven
A pivotal year for Whitehaven Daunia Blackwater Vickery Werris Creek
Slide 5: Excellent safety & environment performance in FY24
Excellent safety & environment performance in FY24 WHC recorded a NSW TRIFR for employees WHC had ZERO environmental enforceable and contractors of 3.3 for FY241, a 30% action events in FY241, consolidating the improvement on 4.7 delivered in FY23 significant improvement on recent years 25 24.5 Mt E
Slide 6: Sustainability Report
Sustainability Report Responsible environmental W Sustainability Report 2024 Safe, inclusive and rewarding workplaces Supporting a responsible transition and decarbonisation
Slide 7: Operational highlights
Operational highlights Whitehaven Managed ROM Coal Production (Mt) 24.5 3.5 First quarter • 24.5 Mt ROM production QLD 18.2 1.3 including 4.8Mt from QLD in Q4 contribution 3.5 3.4 • A$217/t average realised price (NSW) A$271/t in QLD in Q4 9.6 11.4 • A$114/t cost of production (NSW) $120/t including
Slide 8: FY24 financial highlights
FY24 financial highlights • $3.8b revenue including $869m from QLD in Q4 • $1.4b underlying EBITDA including $272m from QLD in Q4 • $740m underlying NPAT • $355m statutory NPAT after non-recurring costs1 • 20.0 cps full year dividend fully franked • 23% total shareholder returns in FY242 #30 in ASX1
Slide 9: FY24 external market drivers
FY24 external market drivers Strong underlying demand continues to underpin good pricing outcomes Supply and demand Pricing environment Costs, including regulatory • Robust HCC demand in FY24, • Strong metallurgical coal imposts while Russian sanctions indices US$287/t average PLV • Labour supply im
Slide 10: Structural shortfalls are forecast in seaborne high CV thermal coal and metallurgical coal markets
Structural shortfalls are forecast in seaborne high CV thermal coal and metallurgical coal markets Global supply & demand Global supply & demand 1 for 2 for 400seaborne high CV thermal coal (>5850 NCV) 400seaborne metallurgical coal Million tonnes 350 Million tonnes 350 300 139Mt 300 74Mt 250 250 20
Slide 11: Demand growth for metallurgical coal is largely underpinned by India
Demand growth for metallurgical coal is largely underpinned by India Asia seaborne demand for metallurgical coal1 (Mt) Recent Wood Mackenzie forecasts indicate: 350 Japan • ~29% growth in demand for seaborne metallurgical 300 China coal into Asia by 2050, with India to grow ~110%1 250 Taiwan • India
Slide 12: FY25 guidance
FY25 guidance1 FY25 Guidance FY24 actual2 GROUP QLD NSW Managed ROM Coal Production Mt 24.5 35.0 – 39.5 17.6 – 19.7 17.4 – 19.8 Managed Coal Sales3 Mt 19.5 28.0 – 31.5 14.4 – 16.1 13.6 – 15.4 Equity Coal Sales3 Mt 16.4 25.1 – 28.3 14.4 – 16.1 10.7 – 12.1 Cost of Coal4 A$/t 120 140 – 155 Total Capex5
Slide 13: Capital allocation framework
Capital allocation framework Disciplined capital allocation builds resilience and delivers shareholder value Operating cash flows 1 2 3 During deferred payment period for the Maintain & optimise Retain cash / maintain Return to shareholders acquisition, we expect to: operations balance sheet strengt
Slide 14: Thank you
Thank you