Coronado Global Resources Inc. · ASX:CRN
Coronado Global Resources — Q1 2022 Earnings Presentation
13 slides from Coronado Global Resources's earnings presentation, May 9, 2022
Slide 1: Q1 2022 Results Presentation
Q1 2022 Results Presentation GERRY SPINDLER Managing Director and CEO GERHARD ZIEMS Group Chief Financial Officer 10 May 2022 (All units in USD and metric tonnes, unless otherwise stated)
Slide 2: 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 advice to inves
Slide 3: Q1 2022 Financial Results
Q1 2022 Financial Results Record quarterly Revenue, Net Income, Adjusted EBITDA and Cash Notes: Rounding has been applied to this table as appropriate. Blue and grey coloured references in the variance column indicate positive and negative variance movements respectively and arrow direction indicate
Slide 4: Capital Management
4 Q1 2022 Results Presentation Capital Management 1. Strong Balance Sheet Maintaining a strong balance sheet with enhanced liquidity and prudent debt levels Fundamental strategy is to return funds to Shareholders Prioritise growth expenditure projects to increase existing production rates Uniquely p
Slide 5: Strong demand and tight supply underpinning Met Coal Pricing
Strong demand and tight supply underpinning Met Coal Pricing 5 Q1 2022 Results Presentation 94 95 94 306 220 267 AUS (FOB) U.S. (FOR / Domestic) Group +225% +133% +183% Q1 2021 Q1 2022 Coronado Average Met Coal Realised Price (US$/t) (3) Notes: (1) Source: S&P Global Platts; PLV HCC FOB AUS = Premiu
Slide 6: Dividends and Notes purchase offer
Dividends and Notes purchase offer 6 Record Q1 results & strong liquidity allow for declaration of $200 million special dividends and Senior Secured Notes purchase offer of $100.6 million 10th May 2022 Declaration of $200 million special dividend and advised Senior Secured Notes trustee of $100.6 mi
Slide 7: Dividend Policy
Dividend Policy Coronado’s ability to pay dividends is subject to, among other matters, compliance with certain covenants included in the terms of the Senior Secured Notes and ABL facility: Required to meet a minimum liquidity threshold of US$125M Potential dividend payments to Shareholders are gove
Slide 8: Questions
Questions
Slide 9: Supplementary Information
Supplementary Information Coronado @y ‘STEEL STARTS HERE
Slide 10: Non-GAAP measures
This report includes a discussion of results of operations and references to and analysis of certain non-GAAP measures (as described below) which are financial measures not recognised in accordance with U.S. GAAP. Non-GAAP financial measures are used by the Company and investors to measure operating
Slide 11: Reconciliation of Non-GAAP measures (continued)
Reconciliation of Non-GAAP measures (continued) Adjusted EBITDA reconciliation Three months ended 31 March 2022 Three months ended 31 March 2021 (US$ Thousands) Net Income / (Loss) 269,898 (40,972) Add: Depreciation, depletion and amortization 38,009 53,081 Add: Interest expense, net 17,332 15,135 A
Slide 12: Reconciliation of Non-GAAP measures (continued)
Reconciliation of Non-GAAP measures (continued) 12 Q1 2022 Results Presentation Notes: MMt is defined as million metric tonnes; Mt is defined as metric tonnes Realised Coal Pricing reconciliation Three months ended 31 March 2022 Three months ended 31 March 2021 (US$ Thousands, except for volume data
Slide 13: Contacts
CONTACTS Investors: Andrew Mooney P: +61 458 666 639 E: amooney@coronadoglobal.com E: investors@coronadoglobal.com Media: Helen McCombie Citadel Magnus P: +61 411 756 248 E: hmccombie@citadelmagnus.com Registered Office: Coronado Global Resources Inc. Level 33, Central Plaza One, 345 Queen Street Br
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