Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — UBS Resources Conference 2013
22 slides from Whitehaven Coal's conference presentation, Jun 12, 2013
Slide 1: Whitehaven Coal Limited Investor Presentation
For personal use only Whitehaven Coal Limited Investor Presentation UBS Resources Conference Sydney, Australia 12th June 2013
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, reserves, potential growth of Whitehaven Coal Limited, industry growth or other trend projec
Slide 3: Agenda
Agenda For personal use only Overview of Whitehaven First half FY2013 financial Performance Overview Operational Performance Maules Creek Project Update Narrabri Mine Update 3
Slide 4: Gunnedah Basin has sustainable competitive advantages
Gunnedah Basin has sustainable competitive advantages Whitehaven has consolidated a very strong position For personal use only Large ► Low ash reserves of ► Low sulphur excellent ► Low phosphorus quality coals ► High energy ► Coking properties (Updated JORC statement issued ► Favourable ash & trace
Slide 5: WHC is an established player in the Gunnedah Basin
WHC is an established player in the Gunnedah Basin with a suite of good quality metallurgical and thermal coal assets For personal use only Maules Creek ( 75% ) • Reserves to support ~ 30 years • Planned : 13 Mtpa ROM • Permitted : 13 Mtpa ROM • SSCC and high energy thermal Narrabri North ( 70% ) •
Slide 6: Saleable coal production growth to date
Saleable coal production growth to date For personal use only 9,000 8,000 WHC has a track record of 7,000 developing a portfolio of existing open-cut mines at a production 6,000 rate of ~ 5 Mtpa. Narrabri 000s tonnes 5,000 Open Cuts The commencement of longwall production at Narrabri this year,
Slide 7: Substantial near-term production growth
Substantial near-term production growth For personal use only 25,000 23 The combination of the existing open-cut mines and Narrabri is expected to reach 20,000 18 11 Mtpa saleable production 17 from FY 2014 onwards. 000's tonnes 15,000 The development of Maules Creek open-cut mine is 11 expected
Slide 8: Experienced managers in place to deliver on the growth plans
Experienced managers in place to deliver on the growth plans. For personal use only Paul Flynn Previously CEO & MD of the Tinkler group and prior to that was managing partner in the Sydney office for Ernst & Young and (Managing Director ) a member of its Oceania executive team. more than 33 years’ e
Slide 9: 1st Half FY 2013 Financial Overview
1st Half FY 2013 Financial Overview For personal use only Financial results for the half year Dec 2012 has been affected by weak coal prices and strong $A. • Underlying EBITDA profit (excluding significant items) of $8.2 million, in line with guidance provided in December quarterly with overall EB
Slide 10: FY 2013 Operational Highlights
FY 2013 Operational Highlights For personal use only Narrabri longwall improvements have resulted in record weekly production levels being achieved. Moisture reduction program and longwall change underway. Business remains well located on cost curve with cost reduction initiatives undertaken at
Slide 11: Maules Creek mine development is a Tier asset and world class resource
Maules Creek mine development is a Tier 1 asset and world class resource and project For personal use only High quality resource which can be mined at relatively low cost. Situated 17km from the main railway line 380km from the Newcastle port Well understood and attractive geological setting
Slide 12: Maules Creek JORC Reserves
Maules Creek mine development is a Tier 1 asset and world class resource and project For personal use only Maules Creek JORC Reserves One of the last major undeveloped coal Recoverable Marketable(2) deposits in NSW, and one of Australia’s largest coal deposits. Proved Probable Proved Probable Re
Slide 13: Maules Creek – Mine Plan
Maules Creek – Mine Plan For personal use only Mining method is by truck and shovel. Mining (box cut) commences beginning of Q3 CY 2014 First ROM coal Q3 CY 2014 Washed coal Q4 CY 2014 WHC_UBS Resource Conference 13
Slide 14: Project Development
Project Development For personal use only Project capital is expected to be $767 million ( WHC’s share is $575 million). ~ $160 million is spent with majority of the remaining $607 million ( WHC’s share is $455 million) to be incurred over the next 1 - 2 years. ROM stockpile management designe
Slide 15: Project Schedule
Project Schedule For personal use only WHC_UBS Resource Conference
Slide 16: Maules Creek – Facilities & Rail
Maules Creek – Facilities & Rail For personal use only Mining Area CHPP and Stockpiles Rail Loop Boggabri Site Rail Overpass UBS Client Visit 16
Slide 17: Government green tape has overtaken red tape in Maules Creek approval
Government “green tape” has overtaken “red tape” in the 35 months to gain approval for Maules Creek. For personal use only 28th Jun 2010 Initial briefing with DEWHA 6th Jul 2010 EPBC Referral lodged Planning Focus Meeting in Boggabri 2nd Aug 2010 Preliminary Environmental Assessment & Part 3A
Slide 18: Whitehaven's approach to a difficult project approval process
Whitehaven’s approach to a difficult and dynamic project approval process For personal use only Active engagement with community and councils on the local and employment benefits of the projects. Active engagement with State and Federal politicians. Japanese ambassador visit to the minister’s
Slide 19: Narrabri mine productivity is continuing to increase
Narrabri mine productivity is continuing to increase and recent changes is expected to see benefits in longwall panel 2 For personal use only Renewed and improved engagement with CAT longwall manufacturers. Major upgrades to the software is now complete with results expected in 2nd longwall pane
Slide 20: Narrabri progress on coal quality and bypass crusher commissioning
Narrabri progress on coal quality and commissioning of the bypass crusher circuit For personal use only Thermal product moisture remains at unacceptable levels whenever a PCI fraction is produced in the CHPP. The bypass crushing circuit is being commissioned with a rated capacity of 1000tph and
Slide 21: Narrabri has commenced its longwall change program
Narrabri has commenced it’s longwall change program For personal use only Narrabri is currently progressing with the first longwall change-out. Significant planning and coordination work has been undertaken with the estimate timeframe is 6 weeks. Planned modifications on the surface to improve
Slide 22: Thank you
For personal use only Thank you