New Hope Corporation Limited · ASX:NHC
New Hope — H1 FY2021 Earnings Presentation
21 slides from New Hope's earnings presentation, Mar 23, 2021
Slide 1: Financial Results Release
newhopegroup.com.au Financial Results Release HALF-YEAR ENDED 31 JANUARY 2021 Presented by Robert Millner, Reinhold Schmidt, and Rob Bishop on 23 March 2021 New Hope Corporation Limited | ASX code: NHC
Slide 2: Highlights
Highlights Robert Millner
Slide 3: Highlights
Highlights Solid performance despite depressed energy market Revenue from Total tonnes sold Realised sales price operations 4.9M $78.8/t $405.5M ▼ 23% from 2020 ▼19% from 2020 ▼34% from 2020 Profit before income tax EBITDA1 Interim dividend (before non regular items) 4.0 cents (before non regular it
Slide 4: Financial Results
Financial Results Rob Bishop
Slide 5: Financial Highlights
Financial Highlights Strong second quarter points to improved performance with Company focusing on key markets Revenue by destination EBITDA Margin FOB Cash Cost Cash generated from ops (before non regular items) (before interest and tax)¹ 20% $63/t $70.2M ▼41% from 2020 ▼ 1% from 2020 ▼58% from 202
Slide 6: Financial Performance
Financial Performance (A$ million) H1 FY21 H1 FY20 % change EBITDA before non regular items 81.2 212.6 (62%) Depreciation and Amortisation (71.0) (78.8) 10% Interest (2.7) (2.1) (29%) Treasury (6.6) (8.2) 19% Profit before income tax and non regular items 0.9 123.5 (99%) Non regular items before tax
Slide 7: Group EBITDA (A$m) (before non regular items)
Group EBITDA (A$m) (before non regular items) A$86.8/t1 A$70.7/t1 2 1 Average realised price per tonne sold in Australian dollars. 2 Includes Bridgeport, other and Treasury. These slides should be read in conjunction with the Interim Financial Statements. 7 Financial Results Release | Half-Year Ende
Slide 8: Cash
Cash 1 1 Includes Bridgeport, other and Treasury. These slides should be read in conjunction with the Interim Financial Statements. 8 Financial Results Release | Half-Year Ended 31 January 2021
Slide 9: Debt
Debt Focus on responsible liquidity management Total drawn debt for the half year ended 31 January 2021 was $380 million, with available cash of $114.8 million and available debt under the existing facility of $100 million. Gearing ratio for the half year was 14% which was in line with 31 July 2020.
Slide 10: Operational Performance & Outlook
Operational Performance & Outlook Reinhold Schmidt
Slide 11: Safety
Safety Managing COVID-19 impacts, improving safety performance Continuing to make responsible and measured decisions to protect ongoing health and wellbeing of team members. No cases of COVID-19 across all sites. Total Recordable Injury Frequency Rate (TRIFR)1 continues downward trend. Maintained sa
Slide 12: Production and sales
Production and sales Half-Year ended 31 January 2021 Coal Production Coal Sales QLD Operations Total tonnes produced Export1 and domestic 0.9Mt 4.5Mt 4.9Mt ▼23% from 2020 ▼43.8% from 2020 ▼ 27.9% from 2020 Bengalla (80%) QBH Export 3.6Mt 2.1 Mt ▼16.3% from 2020 ▼27.6% from 2020 1 Includes trade coal
Slide 13: Bengalla
Bengalla Continued strong performance Total sales better than planned for the first half. Continued good health and safety performance TRIFR at 1.25 per million exposure hours. Dragline returned to full operations. Planned major shutdown of Coal Handling and Preparation Plant completed successfully.
Slide 14: New Acland Mine
New Acland Mine Focus on cost reduction as Stage 2 winds down Strong cost focus with cost reduction projects underway. Total spend year-to-date under budget and cost per clean tonne under budget. The High Court of Australia upheld the appeal by Oakey Coal Action Alliance and ordered New Acland’s min
Slide 15: Queensland Bulk Handling
Queensland Bulk Handling Exports down due to reduced output from NAC Queensland Bulk Handling exported 2.1mt over the half-year, down 27% on the previous corresponding period. Impressive safety record continues with site eight years lost time injury (LTI) free. Operations undergoing restructure due
Slide 16: West Moreton
West Moreton Rehabilitation focus at all sites Rehabilitation and monitoring continues at Jeebropilly, New Oakleigh and Chuwar. Eight hectares seeded at Jeebropilly over first half. 507,000 bank cubic metres of material moved into Normanton void. Phase one of cattle trials at Oakleigh West completed
Slide 17: Pastoral Operations
Pastoral Operations Good rain helps cropping Good crop yields at both Acland Pastoral (APC) and Bengalla Agricultural (BAC) over first-half. Calving commenced from APC’s 1,200 breeders. Weaners making good progress at BAC with high average weight gains. Recent steer sales realising strong prices. 17
Slide 18: Outlook
Outlook Coal fired Power Plants in Asia Company set up for strong second half Continued strong performance at Bengalla. Capital investment in key mining equipment will underpin strong low-cost production. Targeted cost reductions across the business has brought significant gains in efficiency. Benga
Slide 19: Thermal coal prices - Jan 2020 through March 2021
Thermal coal prices - Jan 2020 through March 2021 Source - CRU Thermal Coal Market Outlook 19 Financial Results Release | Half-Year Ended 31 January 2021
Slide 20: 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 21: newhopegroup.com.au
newhopegroup.com.au New Hope Corporation Limited | ASX code: NHC