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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).
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