Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — Shareholder Meeting (June 2020)
35 slides from Coronado Global Resources's shareholder meeting presentation, Jun 25, 2020
Slide 1: 2020 Annual General Meeting of Stockholders: Presentation (ASX Announcement)
ASX Announcement 25 June 2020 For personal use only 2020 Annual General Meeting of Stockholders: Presentation Coronado Global Resources Inc (ASX: CRN) is pleased to provide a copy of the 2020 Annual General Meeting Presentation to be delivered at the Annual General Meeting of Stockholders (AGM) on T
Slide 2: 2020 Annual General Meeting
For personal use only 2020 Annual General Meeting 25 June 2020
Slide 3: Chairman's Address
For personal use only Chairman’s Address 2
Slide 4: Investor Relations Contact Details
For personal use only Investor Relations Contact Details: Phone:+61 7 3031 7777 Email: investors@coronadoglobal.com.au 3
Slide 5: FY19 in Review
FY19 in Review Australian Total Recordable Incident For personal use only Frequency Rate (TRIFR) of 6.5. Group mining cost of $51.8 per US Total Recordable Incident Rate tonne, 8.2% less than FY18 (TRIR) of 2.14 Developed and Announced the Total production of 20.2Mt and Total Curragh Mine Accelerate
Slide 6: 'Safety Remains our Highest Priority'
For personal use only ‘Safety Remains our Highest Priority’ 5
Slide 7: Committed to Sustainability
For personal use only Committed to Sustainability 6
Slide 8: COVID-19 / FY20
For personal use only 7 COVID-19 / FY20
Slide 9: Managing Director & CEO's Address
For personal use only Managing Director & CEO’s Address Managing Director & CEO’s Address 8
Slide 10: Global Metallurgical Coal Markets
Global Metallurgical Coal Markets In more than one decade, metallurgical coal prices have shown its ability to recover quickly post major economic shifts For personal use only Current metallurgical coal Metallurgical coal price prices (2007 – 2020YTD(1)) prices have seen a major (Platts Premium LV
Slide 11: Managing the Downturn
Managing the Downturn Temporarily Idled US Operations COVID-19 Safety Protocols For personal use only Operation were idled to manage inventory as a To protect the health of our workforce, result of the impact of COVID-19 on the market. preventative measures such as social distancing Furlough salarie
Slide 12: Disciplined approach to capital allocation
Disciplined approach to capital allocation For personal use only Disciplined approach to capital Tools at disposal to manage capital decisions across the mining cycle allocation with focus on balance sheet strength and free cash flow generation Balance sheet strength ensures availability of liqu
Slide 13: Formal Business of the Meeting
For personal use only Formal Business of The Meeting 12
Slide 14: Items of Business
Items of Business For personal use only Resolution by Holder of Preferred Stock Series A • Item 1: Re-election of Series A Director Ms Laura Tyson and Election Sir Michael (Mick) Davis Resolutions by Holders of Common Stock • Item 2: Re-election of Remaining Directors • Item 3: Approval on a Non-bin
Slide 15: Item 1: Re-election of Series A Director Ms Laura Tyson and Election Sir Michael Davis
Item 1: Re-election of Series A Director Ms Laura Tyson and Election Sir Michael (Mick) Davis For personal use only Ms Laura Tyson Sir Michael (Mick) Davis 2020 Annual General Meeting 14
Slide 16: Item 2: Re-election of Series A Director and Election of Sir Michael Davis
Item 2: Re-election of Series A Director Ms Laura Tyson and Election Sir Michael (Mick) Davis For personal use only The Series A Preferred Stock Holder is being asked to consider and if thought fit, resolve by ordinary resolution that: (a) ‘Ms Laura Tyson, be re-elected as a non-executive Director o
Slide 17: Summary of Proxies Received: Series A Directors
Item 2: Re-election of Series A Director Ms Laura Tyson and Election Sir Michael (Mick) Davis For personal use only Summary of Proxies Received (at proxy close) Voted % Re-election of Ms Laura Tyson For 100% Withheld 0% Election of Mr Sir Michael (Mick) Davis For 100% Withheld 0% 2019 Annual General
Slide 18: Item 2: Re-election of Remaining Directors
Item 2: Re-election of Remaining Directors For personal use only Mr William (Bill) Koeck Mr Garold (Gerry) Spindler Mr Philip Christensen Mr Greg Pritchard Mr Ernie Thrasher 2020 Annual General Meeting 17
Slide 19: Item 2: Re-election of Remaining Directors (resolutions)
Item 2: Re-election of Remaining Directors Security holders are being asked to consider and if thought fit, resolve by ordinary resolution that: For personal use only (1) ‘Mr William (Bill) Koeck, being eligible, be re-elected as an independent, non-executive Director of the Company to hold office u
Slide 20: Item 2: Proxies Received, Remaining Directors
Item 2: Re-election of Remaining Directors For personal use only Summary of Proxies Received (at proxy close) Voted % Re-election of Mr William (Bill) Koeck For 99.62% Withheld 0.38% Re-election of Mr Garold (Gerry) Spindler For 99.86% Withheld 0.14% Re-election of Mr Philip Christensen For 99.80% W
Slide 21: Item 3: Named Executive Officers' Compensation
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve that the compensation of the Company’s named executive officers, as disclosed pursuant
Slide 22: Item 3: Proxies Received
Item 3: Approval on a Non-binding Advisory Basis of Named Executive Officers’ Compensation For personal use only Summary of Proxies Received (at proxy close) Votes (%) For 95.82% Against 4.17% Abstain 0.01% 2020 Annual General Meeting 21
Slide 23: Item 4: Frequency of Stockholder Votes on Compensation
Item 4: Approval of recommendation on a non-binding advisory basis on the Frequency Of Stockholder Votes On Named Executive Officer Compensation For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Recommend on a non-binding advisory basi
Slide 24: Item 4: Proxies Received
Item 4: Approval of recommendation on a non-binding advisory basis on the Frequency Of Stockholder Votes On Named Executive Officer Compensation For personal use only Summary of Proxies Received (at proxy close) Votes (%) Yearly 99.97% Two Yearly 0.01% Three Yearly 0.02% Abstain 0.00% 2020 Annual Ge
Slide 25: Item 5: Ratification of Independent Registered Public Accounting Firm
Item 5: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2020 For personal use only Security holders are being asked to consider and if thought fit, by ordinary resolution to: ‘Resolve to ratify the appointment of Ernst & Young as the C
Slide 26: Item 5: Proxies Received
Item 5: Ratification Of Appointment Of Independent Registered Public Accounting Firm For Fiscal Year Ending December 31, 2020 For personal use only Summary of Proxies Received (at proxy close) Votes (%) For 99.99% Against 0.00% Abstain 0.00% 2020 Annual General Meeting 25
Slide 27: Thank You
For personal use only Thank You Investor Relations Contact Details: Phone: +61 7 3031 7777 Email: investors@coronadoglobal.com.au 26
Slide 28: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Coronado Global Resources (Coronado) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It is not intended that it be relied upon as advi
Slide 29: Disclaimer (Cont.)
Disclaimer (Cont.) 2019 JORC Resource and Reserve Statements In this announcement, references to ore reserves (Reserves) are compliant with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 (JORC Code) and are measured in accordance with the JORC Cod
Slide 30: Appendix
For personal use only Appendix 29
Slide 31: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures This report which incorporates a discussion of results of operations includes references to and analysis of certain non-GAAP measures (as described below) which are financial measures not recognised in accordance with U.S. GAAP. Non-GAAP financial measures are use
Slide 32: Reconciliation of Non-GAAP measures
Reconciliation of Non-GAAP measures For personal use only 2020 Annual General Meeting 31
Slide 33: Mining Costs per tonne reconciliation
Reconciliation of Non-GAAP measures For personal use only Mining Costs per tonne reconciliation Other / For the year ended December 31, 2018 (Pro Forma) Curragh Buchanan Logan Greenbrier Corporate Total (US$ Thousands, except for volume data) Total costs and expenses 1,165,439 341,173 229,764 86,756
Slide 34: Adjusted EBITDA reconciliation
Reconciliation of Non-GAAP measures For the year ended For the year ended Adjusted EBITDA reconciliation December 31, December 31, For personal use only 2019 2018 (US$ Thousands) Pro forma Net Income 296,414 168,926 Add: Depreciation, depletion and amortization 176,461 118,488 Add: Interest expense
Slide 35: Coronado: Steel Starts Here
For personal use only Coronado STEEL STARTS HERE © 34
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