Investor Presentaiton
H1 FY24 highlights
Transformational
metallurgical coal
acquisition announced,
with completion expected
2 April 2024
$623m H1 EBITDA
before $164m of
acquisition related
expenses³
Resilient pricing of
high-CV thermal underpinning
Whitehaven's realised price
of A$220/t delivered
$1.6b of revenues
for H1
$372m H1 NPAT
before $115m (post-tax)
of acquisition related
expenses³
10.3Mt ROM
production up 17%
reflecting solid performance
from open cut operations;
Narrabri production impacted
by geological challenges
Robust balance sheet with
net cash of $1.5b
at 31 December 2023 and
US$1.1b financing
facility for acquisition
16% improvement¹ in
employee and contractor total
recordable injury frequency
rate TRIFR to 3.96 and
zero environmental
enforcement actions²
7.0 cents fully franked
interim dividend to be
paid 8 March 2024 and
18.5% Total
Shareholder Returns4
for six months ended
31 December 2023
1.
For the 6 months ended 31 December 2023 compared with FY23 TRIFR of 4.74
2.
Environmental enforcement actions include penalty notices, enforceable undertakings, suspensions, prevention notices and prosecutions
3 3. Acquisition related expenses (before tax) includes $92.4 million of transaction and transition expenses, and an unrealised FX loss of $71.4 million recognised as a result of the re-translation of the
US$ denominated cash balances and the US$100 million deposit held for settlement at completion of the acquisition.
4.
On a Net TSR basis, includes FY23 final dividend of 42 cents per share paid in September 2023 but excludes franking benefits, (ranking WHC as 18th in the ASX100 for the six month period).View entire presentation