Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Bank of America Merrill Lynch 2012 Global Metals, Mining and Steel Conference
21 slides from Whitehaven Coal's conference presentation, May 14, 2012
Slide 1: Whitehaven Coal: A Leading Independent Australian Coal Producer
For personal use only Whitehaven Coal A Leading Independent Australian Coal Producer Presentation to Bank of America Merrill Lynch 2012 Global Metals, Mining and Steel Conference Miami - May 2012
Slide 2: Large scale, leading ASX-listed Australian coal exporting company
Whitehaven is a large scale, leading ASX-listed Australian coal exporting company For personal use only Market capitalisation (A$m) Resources – equity basis (Mt) Recoverable reserves – equity basis (Mt) Whitehaven 4,661 New Hope 2,391 Whitehaven¹ 739 New Hope 3,745 Whitehaven¹ 2,107 New Hope 736 Glo
Slide 3: Leading coal producer/developer in the Gunnedah Basin
Leading coal producer/developer in the Gunnedah Basin For personal use only Narrabri (70%) GUNNEDAH BASIN TENEMENT HOLDINGS Sienna (100%) n Status: Producing n Status: Exploration To Narrabri (20km) Ka mil lar oi Narrabri Mine Maules Creek Dingo (70%)3 Hig hw n Status: Exploration ay Boggabri Mine B
Slide 4: Gunnedah Basin has sustainable competitive advantages
Gunnedah Basin has sustainable competitive advantages For personal use only Large reserves of ► Low ash excellent quality ► Low sulphur coals ► Low phosphorus ► High energy ► Coking properties ► Favourable ash and trace element chemistry ► Flexibility to produce premium products for multiple markets
Slide 5: Excellent semi-soft coking and thermal coals
Excellent semi-soft coking and thermal coals For personal use only Typical Whitehaven Semi-Soft Coking Coal 1 Typical Whitehaven Thermal Coal 1 Ash (%) 5.0 to 7.5 Ash (%) 10 Sulphur (%) < 0.4 Sulphur (%) < 0.4 Phosphorus (%) < Volatiles (%) ~ 35 0.005 Energy (kcal/kg) + 7,000 Volatiles (%) ~ 35 (6,4
Slide 6: Favourable mining conditions and saleable coal yields
Favourable mining conditions and saleable coal yields For personal use only Open-cut Mines and Projects – All using Truck and Excavator Maules Creek Tarrawonga Werris Creek Vickery Rocglen Sunnyside Life of Mine/Project Years +30 ~15 ~15 +30 ~7 ~2 Saleable Production Mtpa 11.7 2.8 2.0 4.1 1.3 0.4
Slide 7: Competitive cost structure in Australian met. coal
Competitive cost structure in Australian met. coal For personal use only Australian seaborne metallurgical coal - C1 cash cost curve1 2012 (US$/FOB Nominal) 140 120 100 V C1 Cash Costs (US$/t) T 80 N M V T Australia N M 60 40 20 - 0 50 100 150 Production (Mt) Source: Wood Mackenzie Note: 1) C1 Cash
Slide 8: Competitive cost structure in global met. coal
Competitive cost structure in global met. coal For personal use only Global seaborne metallurgical coal - C1 cash cost curve1 2012 (US$/FOB Nominal) 180 160 140 RoW 120 C1 Cash Costs (US$/t) Vietnam USA 100 South Africa V 80 M T Russia N V Indonesia M T Canada 60 N Australia 40 20 - 0 50 100 150 200
Slide 9: Competitive cost structure in Australian thermal coal
Competitive cost structure in Australian thermal coal For personal use only Australian seaborne thermal coal - C1 cash cost curve1 2012, Energy adjusted2 (US$/FOB Nominal) 120 100 80 C1 Cash Costs (US$/t) S - Energy Adjusted N R 60 W Australia N W 40 20 - 0 50 100 150 Production (Mt) Source: Wood Ma
Slide 10: Competitive cost structure in global thermal coal
Competitive cost structure in global thermal coal For personal use only Global seaborne thermal coal - C1 cash cost curve1 2012, Energy adjusted2 (US$/FOB Nominal) 140 120 100 RoW S C1 Cash Costs (US$/t) Vietnam - Energy Adjusted 80 R S USA South Africa N W R Russia 60 Indonesia N Colombia W Austral
Slide 11: Substantial near-term production growth
Substantial near-term production growth For personal use only Saleable production (Mt, 100% basis)1,2 25 22 16 11 5 FY2012E FY2013E FY2014E FY2015E FY2016E Tarrawonga Other WHC Werris Creek Narrabri Maules Creek Vickery Note: Data shown for year ending 30-June.These estimates relate to planned futur
Slide 12: Narrabri operating, longwall being installed
Narrabri operating, longwall being installed For personal use only 11
Slide 13: Bucyrus (CAT) longwall, 4.2 metre cutting height
Bucyrus (CAT) longwall, 300 metre face, 4.2 metre cutting height For personal use only 12
Slide 14: Underground conditions are excellent
Underground conditions are excellent For personal use only 13
Slide 15: Longwall now being installed for completion in May
Longwall now being installed for completion in May For personal use only 14
Slide 16: Diversified project risk profile provides numerous options for growth
Diversified project risk profile provides numerous options for further growth For personal use only ► Diversified, attractive portfolio of producing, development and exploration coal assets ► Stable, low risk cashflows from existing open cut operations ► Substantial growth in future cashflows from t
Slide 17: Will be a major supplier of semi-soft coking coal
Will be a major supplier of semi-soft coking coal For personal use only Comments Saleable production mix (Mt, 100% basis)² ► Metallurgical coal can grow to up to 60% of managed saleable production by FY2016, Metallurgical coal subject to market opportunity 31% ► Maules Creek up to 84%¹ SSCC Thermal
Slide 18: Strategic position in port and rail infrastructure
Strategic position in port and rail infrastructure For personal use only Comments Port capacity and export coal sales (Mt, 100% basis)¹ ► Extensive agreements in place to meet future growth PWCS (existing) Longer term capacity gaps to plans NCIG be secured by accessing surplus capacity from other Ad
Slide 19: Whitehaven is well placed to finance expansion plans
Whitehaven is well placed to finance expansion plans For personal use only Pro-forma Whitehaven Balance Sheet at 30 June, 2012 AUD$ millions June 30 – 2012 • Total capital investment of Cash 452 approximately A$1 billion over the next two years. Receivables & Current Assets 198 Property Plant & Equi
Slide 20: Thank you
For personal use only Thank you
Slide 21: Competent Persons Statements
Competent Persons Statements For personal use only The information in this presentation that relates to Coal Resources and Coal Reserves is based on and accurately reflects reports prepared by Competent Persons. All competent persons are consultants for Whitehaven Coal Limited. Mr Colin Coxhead is a