White Energy Company Limited · ASX:WEC
White Energy — FY2013 Earnings Presentation
11 slides from White Energy's earnings presentation, Sep 18, 2013
Slide 1: Results Presentation Year Ended 30 June 2013
For personal use only Results Presentation Year Ended 30 June 2013
Slide 2: Highlights for the Year / Financial Summary
For personal use only Highlights for the Year Financial Summary Page 22
Slide 3: Highlights for Year Ended 30 June 2013
Highlights for Year Ended 30 June 2013 For personal use only White Energy continues to focus on identifying good quality coal properties for acquisition, where the BCB technology can be utilised to add value to projects On track to complete the proposed acquisition of Mountainside Coal, an existin
Slide 4: Target Milestones for the Year Ahead
Target Milestones for the Year Ahead For personal use only The Company has identified a number of key areas of focus for Financial Year 2013/14 United States Africa Indonesia Australia China • Mountainside • Black River • TBA • Lake Phillipson • In commercial Key Coal EL4534 discussions Partners / •
Slide 5: Highlights for the Year / Financial Summary
For personal use only Highlights for the Year Financial Summary Page 55
Slide 6: Operating results include impairment of South Australia Coal assets
Results Overview - Year Ended 30 June 2013 For personal use only Operating results for the year ended 30 June 2013 include an impairment expense recognised in respect of the carrying value of the South Australia Coal assets The Consolidated Entity’s net loss before tax for the year ended 30 June 2
Slide 7: Operating results include impairment of South Australia Coal assets
Results Overview - Year Ended 30 June 2013 For personal use only Operating results for the year ended 30 June 2013 include an impairment expense recognised in respect of the carrying value of the South Australia Coal assets The “Normalised EBITDA” loss for the year ended 30 June 2013 was $10.8M (2
Slide 8: Normalised EBITDA
Results Overview - Year Ended 30 June 2013 For personal use only Normalised EBITDA Year Ended Year Ended 30 June 2013 30 June 2012 $M $M Consolidated entity statutory loss before income tax for the year (*) (122.3) (178.3) Non-cash expenses: • Depreciation / amortisation 5.6 8.7 • Impairment expense
Slide 9: Consolidated balance sheet and cash flows
Results Overview - Year Ended 30 June 2013 For personal use only Consolidated balance sheet $M 30/6/2013 30/6/2012 Cash on hand as at 30 June 2013 was $88.7M Current Assets 89.3 145.6 inclusive of $2M in restricted cash. Total Assets 205.8 357.2 Decline in assets from $357.2M to $205.8M mainly T
Slide 10: Forward Looking Statements
Forward Looking Statements For personal use only Except for the historical information contained herein, the matters discussed in this presentation contain forward- looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipate
Slide 11: For personal use only
For personal use only Maritime Trade Towers Level 20, 201 Kent Street Sydney, NSW 2000 Telephone: +61 2 9959 0000 Facsimile: + 61 2 9959 0099 Email: info@whiteenergyco.com ABN 62 071 527 083 Page11 11