New Hope : FY25 Half Year Results Presentation

About this update from New Hope Corporation Limited

New Hope Group FY25 Half Year Results ASX:NHC 18 March 2025 Important information about this document The presentation in this document is in summary form only. It should be read together with New Hope Corporation Limited's ("NHC's" or "New Hope's") other announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au . While NHC has prepared this information based on its current knowledge and understanding and in good faith, there are risks and uncertainties involved with any forward-looking projections and statements. There could be significant differences between the information provided in this presentation and actual outcomes. NHC cautions against reliance on any forward-looking statements, particularly in light of economic and geopolitical volatility, international conflict and sanctions, impacts caused by extreme weather and natural disasters and inflationary pressures. NHC is not undertaking to update any forward-looking statement to reflect events or circumstances after the date of this presentation although NHC will of course comply with its disclosure obligations under the applicable law and ASX listing rules. This presentation includes certain non-IFRS financial measures which have not been audited. All figures presented in this document are in Australian dollars, unless otherwise stated. Persons who come into possession of this document who are not in Australia should seek advice specific to them and their circumstances. New Hope Group FY25 Half Year Results 2 Highlights and performance summary Rob Bishop Chief Executive Officer New Hope Group FY25 Half Year Results 3 A strong first half for the 2025 financial year Operational highlights 1 Financial highlights 1 Safety - TRIFR 2 ROM coal production Fully franked interim dividend Underlying EBITDA 3 4.08 8.3Mt 19¢ $517M 18% decrease 56% increase Per share 22% increase Saleable coal production Coal sales Cash from operating activities NPAT 5.4Mt 5.4Mt $317M $340M 33% increase 44% increase 143% increase 35% increase Percentage movements relate to the previous comparative period being the half year ended 31 January 2024, unless otherwise stated. Highlights reflect 80% interest in Bengalla Mine. Total Recordable Injury Frequency Rate (TRIFR) - twelve-month moving average. Percentage movement relates to the TRIFR as at 31 July 2024. Following a safety and wellbeing incident and injury classification review, the TRIFR as at 31 July 2024 has been revised from 5.32 to 4.99. Similarly, the TRIFR as at 31 January 2025 has been revised down from 4.40 (as stated in the Quarterly Activities Report 31 January 2025) to 4.08. Underlying earnings before interest, tax and depreciation and amortisation (EBITDA) is a non-IFRS measure. New Hope Group FY25 Half Year Results 4 Safety highlights - performance improving with ongoing focus Total Recordable Injury Frequency Rate (TRIFR) All Injury Frequency Rate (AIFR) 5.41 5.15 33.70 4.99 33.32 32.60 32.03 4.76 4.08 29.69 29.77 30.20 27.10 2.60 2.4 4 2.12 New Acland Mine restarts operations & greater focus on reporting of all injuries 2.55 Majority of incidents have been non-critical first aid cases, related mostly to hand injuries Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 TRIFR - twelve-month average 5-Year Industry TRIFR 1 AIFR - twelve-month average 1. NSW open-cut coal mines. New Hope Group FY25 Half Year Results 5 Operational highlights - higher production and lower unit costs Group saleable coal production (Mt) Bengalla Mine - steady-state production, Growth Project achieved • Saleable coal production of 4.2Mt 1 , up 11 per cent. +33% 1.3 • FOB cash cost 3 of $68.3/t, a 16 per cent improvement. 4.1 FY25 sustaining capital guidance revised down to $185m - $225m 1 . 5.4 New Acland Mine - Legal challenge withdrawn against Stage 3 Discontinuance of OCAA's 2 appeal provides certainty for ramp-up. Saleable coal production of 1.2Mt, up ~300 per cent. Planning for access and mining of Manning Vale West Pit 1HFY24 1HFY25 Group FOB cash cost 3,4 ($ / sales tonne) -21% 97.9 20.2 Malabar Resources Limited - increasing our equity interest to 22.97% Additional 3.0% stake in Malabar purchased for $2.00 per share. • Low-cost, long-life, metallurgical coal asset. 77.7 • ~6Mtpa of coal sales over a ~20-year approval period. 1. Bengalla Mine 80 per cent basis. 1HFY24 1HFY25 Oakey Coal Action Alliance. Free on Board - excluding state royalties and trade coal. Group FOB cash cost excludes $38.8 million of New Acland Mine costs associated with accessing Willeroo Pit via box-cut, which is capitalised for accounting purposes. Group FOB cash cost including this cost would be $84.8/t. New Hope Group FY25 Half Year Results 6 Financial highlights - solid cash generation and shareholder returns Cash flow from operating activities Investing in Bengalla Mine, New $317M Acland Mine, Malabar and EL9431 517 197 143 825 186 10 FY24 Final 22% higher than the Dividend of 22cps previous period 805 Available cash Underlying Tax, NWC & Investing FY24 Final Other financing Available cash Jul-24 1 EBTDA other 2 cash flows 3 Dividend cash flows Jan-25 1 Includes cash and cash equivalents and fixed income investments, which are reported as other financial assets. Tax payments ($105.9 million), settlement of provisional pricing ($63.6 million), net working capital (+$11.8 million), other ($39.7 million). Payments for PPE and intangibles ($126.2 million), proceeds from sale of PPE (+$27.7 million), investment in Malabar Resources Limited ($36.1 million), exploration ($8.5 million). Based on dividends paid during the period, including the value of franking credits, and closing share price as at 31 January 2024. Realised price (incl. hedging) $180/t 15% decrease Underlying margin (incl. hedging) $84/t 16% decrease Gross dividend yield 4 10.3% 12 months to 31 January 2025 New Hope Group FY25 Half Year Results 7 Capital management highlights - maximising returns to shareholders Cash flows from our assets Uses of cash flow • ~$400m growth capital 1 at New Acland Mine, which is currently being optimised. • $185m - $225m of sustaining capital guidance at Bengalla Mine for FY25. • Surplus cash and returns to support swift execution of strategic opportunities. Growth capital M&A Fixed income for organic opportunities maximise returns to production increases aligned to strategy support our strategy Maximise value available for shareholder returns Fully franked dividends Share buy-back To utilise significant franking account Reduction of shares on issue Fully franked dividends FY25 fully franked interim dividend of 19c per ordinary share. Utilisation of significant franking account balance is a key priority. On-market share buy-back On-market buy-back up to $100m announced. Prevailing share price provides an opportunity to reduce shares on issue, at an attractive price. 1. Growth capital to be executed over the next 2-3 years. New Hope Group FY25 Half Year Results 8 Production growth and disciplined cost control driving lower unit costs Group FOB cash costs 1 (A$/sales t) -16% 81.3 0.6 3.4 2.6 13.2 9.4 77.7 68.3 Bengalla Labour & Mining & Port & Volume Bengalla NAC Group 1HFY24 Admin Maintenance Rail Impact 1HFY25 Ramp up 1HFY25 1. Free on Board - excluding state royalties and trade coal. New Hope Group FY25 Half Year Results Unit costs of key Australian producers (A$/t) 160 FY20 FY23 FY21 FY24 140 FY22 H1FY25 120 New Acland Mine in ramp-up 100 80 60 40 20 - Peer 1 Peer 2 Peer 3 Peer 4 New Hope Peer 5 Source - Commodity Insights 2024 dataset. FOB costs (excluding trade coal and royalties). FY24 data is based on a combination of reported costs, guidance and Commodity Insights estimates. 9 Low-cost operations provide greater resilience against coal price fluctuations Group underlying margin (A$ / sales t) 180 Underlying FOB cash cost 56 22 1 18 84 Realised FOR Port & rail Trade coal Royalties Underlying Price 1 margin Includes net hedging gain (commodity prices and foreign currency). gC NEWC 6000 week to date price as of 14 March 2025 - US$101/t or A$160/t. gC NEWC 6000 & API-5 historical pricing (US$/t) 500 450 400 350 300 250 200 150 US$101/t 2 100 50 - Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 gC NEWC 6000 API-5 New Hope Group FY25 Half Year Results 10

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