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Investor Presentaiton

FINANCIAL HIGHLIGHTS M A$'million 2016 2017 2018 2019 FY2020 1H2021 Revenue 414.2 988.2 1,510.4 1,026.5 784.6 450.6 Gross Profit 60.1 209.6 353.3 152.5 96.3 85.3 GP Margin (%) 14.5 21.2 23.4 14.9 12.3 18.9 Adjusted EBITDA* 35.0 186.1 339.7 154.5 81.4 63.4 Profit/(Loss) Before Tax (8.1) 72.6 236.9 58.9 (4.7) 20.1 Profit Att. To Owners 7.9 92.7 161.7 56.6 5.4 17.4 Shareholders' Funds 139.7 228.0 388.6 424.9 399.6 427.3 Borrowings 617.6 510.7 512.9 473.9 415.0 398.6 Borrowings to Equity Ratio 3.05 1.77 1.14 0.93 0.89 0.79 (times) EPS (AUD cents) 1.08 12.67 22.05 7.69 0.73 2.36 Dividend (AUD cents) 5.00 2.00 Adjusted EBITDA is defined as operating profit before depreciation and amortisation, impairment write-back/expense, net finance costs, income tax and other non-cash items. Adjusted EBITDA is not a uniformly defined measure and other companies in the mining industry may calculate this measure differently. Consequently, the Group's presentation of Adjusted EBITDA may not be readily comparable to other companies' disclosures. 13
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