Australia Coal and Laos Power: Operational and Financial Summary
Australia coal: operational and financial summary BANPU
2015 OUTPUT (ROM EQUITY BASIS)
2015 output: 13.0 Mt
Inglenook Airly
Neubeck
Newcastle
Newstan
NCIG
PWCS
Angus
Place
Mandalong Myuna
Springvale
NORTHERN OPERATIONS:
7.4 Mt (2016e: 7.8 Mt)
KEY UPDATES
Production
4Q15 Equity ROM: 2.5 Mt
(down 23% YoY), with FY15
Equity ROM of 13.0 Mt (FY14:
15.2 Mt).
Despite reduced capacity
(Angus Place and Newstan on
C&M and Charbon reserves
exhausted), the group
achieved significant cost
improvements, production
and productivity records.
ASP
4Q15: A$63/t vs 3Q15:
~A$61/t-timing of
contractual obligations.
FY15 A$63/t (2014 ASP
~A$69/t)
4Q15 Sales volume down 25%
QoQ, and 16% YoY.
Domestic: export split
62%:38% (2014: 60%:40%) -
responding to continued
export price weakness.
Clarence
WESTERN OPERATIONS:
5.6 Mt (2016e: 5.7 Mt)
Underground mine
Δ
Project
C&M 4
Power station
Port
Road
Rail
Sydney
● Wollongong
PKCT
FINANCIAL SUMMARY
2015
YOY
Sales revenue
A$817M
▼ 29%
EBITDA (pre FX)
PBT (pre FX)
A$118M
A$(52)M
79%
119% A$(30)M
4Q15
A$177M
A$7M
QoQ
▼ 15%
80%
▼ 226%
Unrealised FX 3
A$(0)M
n.m.
A$(0)M
n.m.
NPAT
A$(36)M
n.m.
A$(21)M
n.m.
Gearing
38%
(Net debt to net debt
+ book value of equity)
Note 1: Mannering placed on "Care & Maintenance" November 2012 - benefiting from new
production sharing arrangement with neighbouring mine.
Note 2: NCIG = Newcastle Coal Infrastructure Group; PWCS = Port Waratah Coal Services;
PKCT Port Kembla Coal Terminal.
Note 3: Pre tax impact of A$ translation of US$ denominated net debt.
Note 4: Newstan (1 August 2014) and Angus Place (February 2015) placed on care & maintenance.
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