Bowen Coking Coal Ltd · ASX:BCB
Bowen Coking Coal — Investor Presentation (October 2022)
28 slides from Bowen Coking Coal's investor presentation, Oct 21, 2022
Slide 1: Bowen Basin's new independent met coal producer
October 2022 Investor Presentation Bowen Basin’s new independent met coal producer.
Slide 2: Disclaimer
Disclaimer Cautionary Statement Listing Rule 5.23 and 5.19.2 Statements This presentation has been prepared by Bowen Coking Coal Limited (BCB, ASX:BCB or Bowen). This document contains background The statements in this presentation concerning Mineral Resource Estimates at: information about Bowen cu
Slide 3: Mission
Mission Bowen Coking Coal is targeting over 5Mt ROM coal production by 2024. First coal shipped June 2022, First coal mined from second mine in July 2022 ASX:BCB ASX: BCB || 3
Slide 4: Experienced leadership
Experienced leadership Our team has successfully opened 11 coal mines and operated more than 25 coal mines worldwide Nick Jorss Gerhard Redelinghuys Matt Latimore Neville Sneddon Executive Chairman Managing Director / CEO Non-Exec Director Non-Exec Director Mr Jorss was the founding Managing Mr Rede
Slide 5: Delivering on the first phase of our growth strategy
September/October 2022 Second vessel from Bluff and Delivering on the first phase July 2022 first coal washed from BME of our growth strategy First coal mined at Broadmeadow East Pit June 2022 ASX share price $0.40c Bluff ships first coal to Formosa, performance generating cash flow August 2021 Burt
Slide 6: Bluff Mine
Bluff Mine First coal shipped June 2022 Benchmark quality ULV PCI coal Mine production - HSE Mining CHPP and TLO - Cook Colliery Second vessel shipped in August, next vessel imminent Annual ROM JORC Resource Dec 2021 April 2022 Acquisition First coal mined production target ~1.0Mt+ 14Mt Jan 2022 Pro
Slide 7: Bluff Mine
Bluff Mine First coal shipped June 2022 RG Tanna Coal Terminal, Gladstone Strong demand in record high pricing environment. ASX: BCB | 7
Slide 8: Bluff Stage 1 – Drill and blast with coal mining to follow
Bluff Stage 1 – Drill and blast with coal mining to follow ASX: BCB | 8
Slide 9: Mining at Bluff in Stage 2
Mining at Bluff in Stage 1 MiningatatBluff Mining Bluffinunderway Stage 2 in Stage 2 ASX: BCB | 9
Slide 10: Burton Complex
Burton Complex Burton Pits Lenton Pit >350 person camp Resource Burton CHPP 1. Broadmeadow East Pit | 100% 33Mt Open cut and potential underground – will mainly utilise Fitzroy CHPP Mallawa haul road infrastructure until Burton CHPP is BME Pit to Burton CHPP 20km refurbished. 2. Burton Pits | 90% 64
Slide 11: Burton Complex
Burton Complex Broadmeadow East Pit First coal mined July 2022 Flexibility to produce HCC of high quality or high yield Mine Production - BUMA (Downer) CHPP/TLO - Fitzroy Resources 2022 Burton Complex 2023 Export via Dalrymple Bay Coal Terminal Annual ROM JORC Resource March 2022 July 2022 EA grante
Slide 12: Broadmeadow East Pit
Broadmeadow East Pit First coal mined in July 2022 Mining at BME ASX: BCB | 12
Slide 13: Burton Complex
Burton Complex Burton Lenton Pits First Firstcoal ROMexpected coal dueQ4 Q12022 2023 World renowned coking coal brand Mine Production - BUMA (Downer) CHPP/TLO - Burton Complex 2023 Rail & Port – Export via DBCT and potentially Abbot Point Annual ROM JORC Resource production target 3.5-4.5Mt 204Mt AS
Slide 14: Burton CHPP
Burton Complex Burton CHPP Mallawa TLO Burton CHPP To restart Refurb in early started, 2023 staged recommissioning early in 2023 5.5Mt CHPP Train loadout facility Rail loop 350+ person camp Haul road Offices & workshop ASX: BCB | 14
Slide 15: Burton Complex
Burton Complex Camp Refurbishment 270 of the 350 rooms now fully operational in the accommodation facility. ASX: BCB | 15
Slide 16: Project pipeline
Project pipeline Diversified portfolio of producing and development-ready metallurgical coal assets in the Bowen Basin. Hillalong BURTON COMPLEX Burton Cooroorah Lenton Lilyvale Broadmeadow East Mackenzie River Isaac River Bluff Comet Ridge Exploration Development/Maintenance Production ASX: BCB | 1
Slide 17: Approximate ROM Production targets (Mt)
Approximate ROM Production targets (Mt)1 7Mt 6.1 0.5 6Mt 5.0 0.3 5Mt 4Mt 4.5 3Mt 2.0 3.8 2Mt 1.4 1Mt 1.1 1 BCB's ASX announcement dated 4 August 2021 headed “Transformational Acquisition of Burton Mine & Lenton Project“, Production targets for Bluff Mine as per BCB’s ASX 0.6 0.9 Release dated 26 Oct
Slide 18: Corporate snapshot
Corporate snapshot Share distribution 15% Share price Market capitalisation Directors & management A$0.38c at 17 October 2022 A$588m 20% Rest of top 20 at 17 October 2022 52 week high $0.45, low $0.13 28% European Shares on issue Enterprise value 1,547.5m at 17 October 2022 ~A$715m* at 17 October 20
Slide 19: Capital raising summary
Capital raising summary Offer Structure • A$85 million two-tranche placement of approximately 283.3 million new fully paid ordinary shares (New Shares) ‒ Tranche one placement – approximately A$76 million (253.5 million shares) ‒ Tranche two placement – approximately A$9 million (29.8 million shares
Slide 20: Record recent coal pricing and strong outlook
Record recent coal pricing and strong outlook Coal prices US$/tonne Relative steel and raw material prices index (July 2017 = 100) Index (July 2020 = 100) Source: Platts Hard Coking Coal Australia Export FOB East Coast, globalCOAL NEWC Index ASX: BCB SLIDE / 20
Slide 21: The Bowen Basin's new met coal producer
The Bowen Basin’s new met coal producer 1 We have the mines Coking coal portfolio located in world class Bowen Basin 4 We have the people Bowen’s leadership has global coal experience and a strong with two producing mines, and two co-located, near-term track record for transitioning companies from e
Slide 22: Contact
Contact Nick Jorss Gerhard Redelinghuys Executive Chairman Managing Director/CEO +61 7 3191 8413 +61 7 3191 8413 nick@bowencokingcoal.com gerhard@bowencokingcoal.com bowencokingcoal.com.au ASX: BCB | 22
Slide 23: Annexure 1
Annexure 1 Resources supporting the Production Targets (Mt) 1 Measured Indicated Inferred* Total Broadmeadow 4.8 0.3 - 5.1 East Bluff - 4.3 0.2 4.5 Isaac River 2.5 0.1 - 2.6 Burton & Lenton 25.0 5.0 3.0 33.0 * There is a low level of geological confidence associated with inferred mineral resources a
Slide 24: Risks
Risks Risk Factors You should be aware that an investment in New Shares involves various risks. This section sets out some of the key risks associated with an investment in New Shares. A number of risks and uncertainties, which are both specific to BCB, and of a more general nature, may adversely af
Slide 25: Risks continued
Risks continued Risk Litigation Legal proceedings may arise from time to time in the course of BCB’s business. BCB may be involved in disputes with other parties which may result in litigation. Any such claim or dispute, if proven, may impact adversely on BCB’s operations, financial performance and
Slide 26: Jurisdictions
Jurisdictions This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside Au
Slide 27: Jurisdictions continued
Jurisdictions continued United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 2000, as am
Slide 28: Jurisdictions continued
Jurisdictions continued Canada (British This document constitutes an offering of New Shares only in the Provinces of British Columbia, Ontario and Quebec (the "Provinces"), only to persons to whom New Shares Columbia, Ontario may be lawfully distributed in the Provinces, and only by persons permitte
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