Australia Coal and Laos Power: Operational and Financial Summary
Australia coal: building a stronger future...
9
PROFIT BEFORE TAX FROM 2014 TO 2015 (A$M)
147
-52
152
65
CY2014
Sales volume
Export sales price
Costs & ASP
optimization
CY2015
■
Following decision to restructure certain mines in late 2014 / early 2015, production was reduced by
approximately 2.2 mt, reducing sales volume accordingly.
■ While export prices continued to weaken throughout 2015, Centennial benefitted from its balanced
sales approach, with a deliberate focus on the domestic market - securing a net increase in sales as
legacy contracts continue to roll-off. Accordingly, the domestic - export split improved to 62:38
(2014: 60:40).
■
■
Despite reduced production capacity, Centennial has significantly improved production and
productivity levels through a combination of redirecting resources (capital, men and equipment) to
higher margin operations.
Underscoring this improvement in productivity, all mines achieved record production milestones
during 2015, with the group having achieved a ROM production record for the calendar year on a
like-for-like basis for the second successive year.
BANPU
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