Investor Presentaiton

36 36 $200 $100 $- Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 $600 $500 $400 $300 Platts PLV HCC (US$/t) Platts LV PCI (US$/t) Platts PLV HCC Forecast (US$/t) Platts SSCC (US$/t) 1. Average monthly price. Forecast prices based on Platts Prem. LV HCC forward curve 13 February. May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Metallurgical coal prices (US$/t)1 China's reopening to Australian coal continues to support prices $700 Nov-24 H1 FY24 Index (USD) (average) Dec 24 (mthly index) Platts PLV HCC 298 326 Platts LV PCI 177 174 Platts SSCC 164 155 Steel demand and met coal pricing remains dictated by China market conditions However, growing Indian coal demand. will increasingly influence market dynamics India's structural growth will exacerbate supply shortfall for met coal, which will drive pricing over the 2020s and 2030s

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