Slide 1: Financial results release
newhopegroup.com.au Financial results release FULL YEAR ENDED 31 JULY 2020 Presented by Robert Millner, Reinhold Schmidt, Andrew Boyd and Rob Bishop on September 22, 2020 New Hope Corporation Limited | ASX code: NHC
Slide 2: Highlights
Highlights Robert Millner
Slide 3: Highlights
Highlights Full year profit before non regular items subdued by lower coal prices in the second half. Increase in coal tonnes sold due to increased production at Bengalla. Revenue from EBITDA Profit before income tax operations (before non regular items) (before non regular items) $1,084M $290M $120
Slide 4: Financial Results
Financial Results Rob Bishop
Slide 5: Financial Highlights
Financial Highlights Profit after income tax EBITDA Margin FOB Cash Cost (before non regular items) (before non regular items) $ 84M 27% $64/t ▼69% from 2019 ▼33% from 2019 ▲6% from 2019 Cash generated from ops Net debt (before interest and tax)¹ Gearing ratio $298M 290M 14% ▲4% from 2019 ▼42% from
Slide 6: Financial Performance
Financial Performance Year Ended 31 July (A$ millions) 2020 2019 Variance EBITDA before non regular items 289.8 517.1 (44%) Profit / (loss) before tax and non regulars 119.5 384.3 (69%) Non regular items before tax (345.1) (76.3) (352%) Profit / (loss) before tax and after non regular items (225.6)
Slide 7: Group EBITDA (A$m) (before non regular items)
Group EBITDA (A$m) (before non regular items) 12 27 517 ¹ Includes Other segment and Treasury. Please refer to Appendix for reconciliation of Non IFRS Financial Information 7 Financial results release | Full year ended 31 July 2020
Slide 8: Cash
Cash A$m 400 298 38 113 300 11 125 200 100 70 59 0 2019 Operating Interest, tax, Capital Lease repayments Dividends 2020 cashflows FX and other 8 Financial results release | Full year ended 31 July 2020
Slide 9: Debt
Debt Focus on responsible liquidity management Cash and Debt $m • The Company secured in the prior year an amortising secured loan 320 facility for $600 million (amortised to $510 million as at 31 July 2020) with a syndicate of Australian and international banks. The Company 220 had been debt free s
Slide 10: Economic contribution
Economic contribution Bengalla acquisition sees increased economic contribution $1,204 $1,200 $1,143 Millions Federal Government ($383 million) $1,000 $947 State Government ($322 million) $800 Local Government $735 ($85 million) $598 $600 $554 Employees ($364 million) Capital $400 ($586 million) Sup
Slide 11: Operational Performance
Operational Performance Andrew Boyd
Slide 12: Safety
Safety Managing COVID-19 impacts, improving safety performance No cases of COVID-19, strong focus on employee health COVID-19 management measures implemented with minimal impact on cost and productivity Total Recordable Injury Frequency Rate (TRIFR) halved from 6 to 3 per million hours Maintained sa
Slide 13: Production and sales
Production and sales Year ended 31 July 2020 Coal Production Coal Sales EXPORT² QLD Operations Total tonnes produced 3.0Mt 11.3Mt 10.4Mt ▼38% from 2019 ▲4% from 2019 ▼2% from 2019 DOMESTIC Bengalla (80%) 8.3Mt 1.1Mt ▲37% from 2019¹ ▲ 267% from 2019 ¹ NSW ownership 40% up to November 2018, 70% Decemb
Slide 14: Bengalla
Bengalla Record production and safety performance with strong cost focus Record production 10.3 million tonnes (New Hope share 8.3 million tonnes) One recordable injury, also record performance for the site Strong cost and efficiency focus with unit costs reduced by 8.5% from 2019 to 2020 Dragline m
Slide 15: New Acland Mine
New Acland Mine Stage 2 winds down, 600 jobs reliant on Stage 3 approval Coal production from New Acland was 2.8 million tonnes down from 33% on 2019 production 150 jobs lost in September 2019 as site winds down Stage 3 approvals remain stalled by Qld Government Remaining workforce will lose their j
Slide 16: Group Outlook
Group Outlook Reinhold Schmidt
Slide 17: Global annual change in real GDP
Global annual change in real GDP 1900-2020 Sources IEA based on IMF World Economic Outlook (January and April 2020), OECD Interim Economic Outlook Forecasts (March 2020) and Maddison Project Database (2018). Last updated 4 May 2020 17 Financial results release | Full year ended 31 July 2020
Slide 18: Our position on the global cost curve
Our position on the global cost curve CRU Data 18 Financial results release | Full year ended 31 July 2020
Slide 19: Disclaimer
Disclaimer The information in this document has been Neither this document nor any copy hereof provided to you for information only by may be transmitted in the US or New Hope Corporation Limited (“NHC”) distributed, directly or indirectly, in the US and is subject to change without notice. or to an
Slide 20: Appendices
Appendices
Slide 21: Reconciliation of non IFRS financial information
Reconciliation of non IFRS financial information Year Ended 31 July (A$ millions) 2020 2019 Variance Profit after tax (156.8) 210.7 (174%) Income tax expense 68.8 (97.4) 171% Profit before income tax (225.6) 308.0 (173%) Non regular items before tax (345.1) (76.3) 352% Profit before income tax and n
Slide 22: newhopegroup.com.au
newhopegroup.com.au New Hope Corporation Limited | ASX code: NHC