Yancoal Australia Ltd. · ASX:YAL
Yancoal Australia — 1H 2025 Earnings Presentation
37 slides from Yancoal Australia's earnings presentation, Jul 19, 2025
Slide 1: 1H 2025 Financial Results Presentation
YANCOAL AUSTRALIA LTD ADDRESS: Level 18, Tower 2, 201 Sussex Street, Sydney NSW 2000 PHONE: 61 2 8583 5300 FAX: 61 2 8583 5399 WEBSITE: www.yancoal.com.au 19 August 2025 ASX Release: 1H 2025 Financial Results Presentation Authorised for lodgement by Laura Zhang, Company Secretary Investor Relations
Slide 2: 1H 2025 Financial Results
Yancoal Australia 1H 2025 Financial Results 20 August 2025
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Acceptance - This presentation is issued by Yancoal Australia Limited ABN 82 111 859 119 (“Yancoal”). By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer. Summary of information
Slide 4: Important Notice and Disclaimer
Important Notice and Disclaimer Reserves and Resources Reporting - In this presentation, references to mineral resources (“Resources”) and ore reserves (“Reserves”) for Yancoal are compliant with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 (“JO
Slide 5: Financial Results Highlights
Financial Results Highlights $2.68 billion Revenue, 6.32 TRIFR rate $595 million Operating EBITDA (remains below weighted industry average) (23% Operating EBITDA margin). 32.2Mt ROM production (100%), $163 million Profit after Tax, 24.8Mt Saleable production (100%), $0.12 earnings per share. 18.9Mt
Slide 6: Safety Performance
Safety Performance Yancoal 12mth rolling TRIFR and LTIFR 10.0 ◦ The 12-month rolling TRIFR was 6.32, an 8.0 improvement from 6.73 at the end 2024. 6.0 ◦ Still below the comparable industry weighted average of 7.93. 4.0 ◦ Relatively stable LTIFR. 2.0 ◦ Remain committed to improving performance throug
Slide 7: Sustainability
Sustainability ◦ 2024 Sustainability Report issued in April, reviews our first 12-months of performance following the formal adoption of the P4 Change 4 Tomorrow Sustainability Strategy. ◦ Case studies provide insight into drone seeding, decarbonisation initiatives, and technology to quantify soil e
Slide 8: Operational Performance
Operational Performance Operating factors 1H 2025 1H 2024 Change Observations ROM coal production, (Mt) 32.2 27.9 16% First half performance tracked ahead of Saleable coal production, (Mt) 24.8 21.6 15% mid-range for 2025 production guidance. Attributable saleable coal production, (Mt) * 18.9 17.0 1
Slide 9: ROM Coal Production
ROM Coal Production ROM Production by Asset (100% basis)*, million tonnes 34.2 34.8 32.2 ◦ 67Mt rolling twelve-month production is close 25.8 26.0 27.9 to the best performance in Yancoal’s history. 24.7 ◦ Total ROM mined (100% basis) was 32.2Mt, an increase of 16% from 1H 2024 after volumes at the t
Slide 10: Saleable Coal Production
Saleable Coal Production Attributable Saleable Production by Asset*, million tonnes 26.2 25.0 24.8 ◦ 18.9Mt of attributable saleable coal was an 20.8 21.6 increase of 11% compared to 1H 2024. 18.1 18.6 19.9 ◦ Consistently delivered toward the upper end of 19.0 18.9 15.5 17.0 our asset and equipment
Slide 11: Cash Operating Costs
Cash Operating Costs Cash operating costs (per product tonne), A$/tonne 94 96 ◦ Cash operating costs per saleable 93 93 16 production tonne decreased by 8% 16 16 15 65 64 67 compared to 1H 2024, and held steady at 59 20 21 11 11 20 19 $93/t compared to FY 2024. 10 10 16 16 15 17 22 22 21 22 ◦ Produc
Slide 12: Operating Cash Margin
Operating Cash Margin Operating cash margin (per product tonne), A$/tonne ◦ Implied cash operating margin of $40/t. ◦ Yancoal’s cash operating margins have 251 compressed and expanded in past coal price cycles. 115 ◦ Cash operating costs across the coal sector 66 40 57 63 33 21 17 16 are higher than
Slide 13: Product Mix
Product Mix Attributable sales volume* ◦ 1H 2025 attributable sales impacted by (million tonnes) temporary weather interruptions. 20.8 ◦ Aiming to recover the sales deficit in 3Q 18.7 16.9 3.2 16.6 2025; we caught up 0.9 million tonnes in 15.7 2.3 13.6 14.4 2.0 2.8 July. 2.4 2.3 2.4 ◦ Yancoal optimi
Slide 14: Sales Volume and Revenue Split
Sales Volume and Revenue Split 2024 Revenue 29% 28% 14% 15% 6% 3% 3% 1H 2025 Revenue 27% 30% 12% 13% 7% 4% 2% 5% 2024 Volume 36% 16% 14% 11% 10% 2% 2% 7% 1H 2025 Volume 31% 20% 12% 11% 11% 3% 3% 9% —% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95% 100% China Japan South K
Slide 15: Thermal Coal Market
Thermal Coal Market Thermal coal indices & Yancoal's average thermal coal sale price* ◦ Strong supply and benign demand conditions in 200 the international thermal coal markets through 1H 2025. 150 ◦ Geopolitical events in the Middle-East, 100 temporary port disruptions at Newcastle and economic ini
Slide 16: Metallurgical Coal Market
Metallurgical Coal Market Metallurgical coal indices & Yancoal's average met. coal sale price* 300 ◦ Metallurgical coal markets have seen sluggish 250 demand as a result of weak global economic conditions, global trade tariff concerns and the 200 export of excess steel supply from China. 150 ◦ China
Slide 17: Australian Thermal Coal Mines (energy adjusted)
Australian Thermal Coal Mines (energy adjusted) December 2024 data June 2025 data 200 200 175 175 Low cost mines Low cost mines 150 150 Total cash costs, US$/t Total cash costs, US$/t 125 125 100 100 Average MTW 75 HVO 75 Average MTW HVO Moolarben Moolarben 50 50 Large scale mines Large scale mines
Slide 18: Thermal Coal Market Demand Profile
Thermal Coal Market Demand Profile WoodMackenzie coal generation capacity forecasts across historical base ◦ Analyst forecasts for global coal-fired cases 1H 2021 1H 2022 1H 2023 1H 2024 1H 2025 power capacity generation continue to be 2,200 revised in response to strong electricity demand. 2,150 2,
Slide 19: Thermal Coal Market Supply Elements
Thermal Coal Market Supply Elements Thermal Coal - Total Seaborne Exports (Mt) 1200 ◦ Generation capacity peak continues to be 1000 revised, and this aligns with a potential forecast supply decline in early 2030s. 800 ◦ New mine development challenges and finance restrictions accelerate reserve 600
Slide 20: Metallurgical Coal Market Demand
Metallurgical Coal Market Demand Metallurgical Coal - Total Seaborne Imports (Mt) 400 ◦ Global seaborne demand to see diverging growth patterns, as 350 emerging economies grow 300 consumption, imports represent 250 a greater share of market. 200 ◦ Growing demand from India and 150 Southeast Asia to
Slide 21: Metallurgical Coal Market Supply
Metallurgical Coal Market Supply Metallurgical Coal - Total Seaborne Exports (Mt) 400 ◦ Total global seaborne 350 metallurgical coal supply needs 300 to increase through the 2030’s, 250 to keep pace with projected 200 demand from emerging economies reliant on imported 150 metallurgical coal. 100 ◦ A
Slide 22: Financial Performance
Financial Performance Income Statement ($ million) 1H 2025 1H 2024 Change Observations Revenue 2,675 3,138 (15)% Operating EBITDA 595 990 (40)% Influence of lower realised prices Operating EBIT 212 590 (64)% impacted revenue; and extended Profit Before Tax 239 571 (58)% to EBITDA, EBIT and Profit. P
Slide 23: Price, Revenue and Operating EBITDA
Price, Revenue and Operating EBITDA Revenue and Average realised price Operating EBITDA and Margin (A$ Million) | (A$/tonne) (A$ Million) | (%) 378 65% 45% 46% 45% 232 36% 37% 176 141 10,548 149 24% 132 21% 111 6,959 7,778 82 6,860 4,850 5,404 4,459 3,489 3,473 2180 2,531 2,579 2,675 1654 748 595 20
Slide 24: Profit and Operating cash flow
Profit and Operating cash flow Profit after tax Operating cash flow (A$ Million) (A$ Million) 3,778 3,586 2,750 1,738 1,172 1,282 973 846 796 851 420 89 473 163 1H 2022 2H 2022 1H 2023 2H2023 1H 2024 2H 2024 1H 2025 1H 2022 2H 2022 1H 2023 2H2023 1H 2024 2H 2024 1H 2025 Profit / (Loss) after tax Net
Slide 25: Debt and Gearing
Debt and Gearing Annual Net Debt and Gearing Ratio* (A$ Million) | (%) 24% ◦ Over US$3.0 billion in early loan repayments from late 2021 to early 2023. ◦ Net cash position and effectively nil gearing 1,940 since the end of 2022. (2,026) (1,251) (2,349) (1,667) ◦ At 30 June 2025, $128 million of leas
Slide 26: Dividend
Dividend Dividend and Payout Ratio (A$ per share) | (%) ◦ 2025 Interim dividend of $82 million fully franked with 19 September 118% 2025 payment date. ◦ The interim dividend is 50% of the $0.70 60% 58% 56% 1H 2025 Profit after Tax. 50% 50% $0.20 45% ◦ Franking credits exceed $2.0 billion $0.33 at 30
Slide 27: 2025 Operational Expectations
2025 Operational Expectations Operating component Guidance and outlook 18.9Mt in 1H 2025 was ahead of mid-point; full-year result will Attributable saleable coal production potentially be toward the upper end of the range. Attributable saleable production of 35-39 million tonnes. $93/t in 1H 2025 wa
Slide 28: Looking to 2025 and beyond
Looking to 2025 and beyond Average tenure of senior leadership is 11 years with Yancoal and Experienced 26 years in mining and related sectors. Recruitment of a CEO, Executive Committee which is progressing, will further strengthen the team. Large-scale, low-cost Our scale and competitive cash costs
Slide 29: Appendices and Additional Information
Appendices and Additional Information 28
Slide 30: Yancoal Overview
Yancoal Overview Milestones in Yancoal’s growth 2024 - Celebrated 20th Anniversary. Included in the S&P/ASX 200 index from September 2024. 2023 – Repaid the last external loans. Included in the Hang Seng Composite Index from March 2023. 2022 – $10.5 billion record revenue and $3.6 billion profit aft
Slide 31: Yancoal Operations Summary
Yancoal Operations Summary • Interest in 6 producing coal mines and operates 2 mines on management contracts. • Total annual production across the 8 mines is ~70 million tonnes of ROM coal and ~55 million tonnes of saleable coal. Nearly all saleable coal enters the export market. Mount Thorley Hunte
Slide 32: State Royalties
State Royalties Queensland After 1 July 2022 Before 1 July 2022 Coal price, A$/t Royalty rate Royalty rate < 100 7% 7% 100 - 150 12.5% 12.5% > 150 _ 15% 150 - 175 15% _ 175 - 225 20% _ 225 - 300 30% _ > 300 40% _ New South Wales After 1 July 2024 Before 1 July 2024 Royalty rate Royalty rate Open-cut
Slide 33: Capital expenditure
Capital expenditure Capex and Capex intensity* (A$ Million) | (A$/t) 1,000 50 ◦ Multi-year fleet replacement cycle at MTW and HVO commenced 2022. 800 40 702 ◦ Similar to cash operating costs, 621 600 548 30 inflation factors also present in capital expenditure activities. 400 282 278 269 20 ◦ While
Slide 34: Yancoal Reserves and Resources
Yancoal Reserves and Resources • Mining depletion was the primary driver of changes in Coal Resources and Coal Reserve from 31 December 2023 to 31 December 2024. • Stratford Duralie (also referred to as Gloucester) concluded coal extraction activities during the year and moved to closure activities.
Slide 35: Yancoal Market Capitalisation and Daily Turnover
Yancoal Market Capitalisation and Daily Turnover ASX - A$/sh ADT ◦ 1.32 billion shares for an approximate market 8.00 10.00 capitalisation of A$8.2 billion (at time of publication). 7.00 7.50 ◦ Shares are fully fungible between the two 6.00 5.00 exchanges. ◦ Hang Seng Composite Index and Stock Conne
Slide 36: Dual listed on ASX and HKEX - Shares fully fungible
Dual listed on ASX and HKEX - Shares fully fungible Summary share register (31 December 2024) ◦ 50% of shares held on ASX, and Yankuang Energy 822,157,715 62.26% 50% of shares held on HKEx. Cinda * 101,601,082 7.69% ◦ Average daily turnover 1H 2025: Management & YAL Trust 4,249,540 0.32% Freefloat ^
Slide 37: Investor Relations Contact
Investor Relations Contact: Brendan Fitzpatrick, GM Investor Relations - Brendan.Fitzpatrick@yancoal.com.au Media Relations Contact: Matthew Gerber, GM Corporate Affairs - Matthew.Gerber@yancoal.com.au Additional information - www.yancoal.com.au Yancoal Australia Ltd Level 18, Tower 2, 201 Sussex St