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Important Notice and Disclaimer
Acceptance - This presentation is issued by Yancoal Australia Limited ABN 82 111 859 119 ("Yancoal").
By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer.
Summary of information - This presentation has been provided to you solely to convey information about Yancoal and its related entities, and their activities, for the year ended
31 December 2020. The information in this presentation is general in nature and does not purport to be complete, nor does it contain all the information which a prospective
investor may require in evaluating a possible investment in Yancoal. It has been prepared by Yancoal with due care, but other than as required by law, no representation or
warranty, express or implied, is provided in relation to the accuracy, correctness, fairness or completeness of the information. Statements in this presentation are made only as
of the date of this presentation, unless otherwise stated, and the information in this presentation remains subject to change without notice. None of Yancoal, its representatives
or advisers is responsible for updating or revising, or undertakes to update or revise, this presentation. Items depicted in photographs and diagrams are not assets of Yancoal,
unless stated. This presentation should be read in conjunction with Yancoal's Full Year Result for the period ended 31 December 2020 and other periodic and continuous
disclosure information, lodged with the ASX and HKEX, which are available at www.asx.com.au and www.hkex.com.hk.
Industry data - Certain market and industry data cited or used in the preparation of this presentation may have been obtained from research, surveys or studies conducted by
third parties, including industry or general publications. None of Yancoal, its representatives or advisers have independently verified any such market or industry data provided
by third parties or industry or general publications, nor have those third parties or industry or general publications authorised or approved the publication of this presentation.
Not financial product advice or offer - This presentation is for information purposes only and is not a prospectus, product disclosure statement, pathfinder document for the
purposes of section 734(9) of the Corporations Act or other disclosure document under Australian law, Hong Kong law or the law of any other jurisdiction. It is not, and should
not be considered as, an offer, invitation, solicitation, advice or recommendation to buy or sell or to refrain from buying or selling any securities or other investment product or
entering into any other transaction in any jurisdiction. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Readers
should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs, make their own enquiries and investigations
regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Yancoal and
the impact that different future outcomes may have on Yancoal, and seek legal and taxation advice appropriate for their jurisdiction.
Distribution - The release, publication or distribution of this presentation (including an electronic copy) outside Australia, New Zealand and Hong Kong may be restricted by
law. If you come into possession of this presentation, you should observe such restrictions and should seek your own advice on such restrictions. Any non-compliance with
these restrictions may contravene applicable securities laws.
Financial Data - Investors should note that this presentation contains pro forma historical and forecast financial information. The pro forma and forecast financial information,
and the historical information, provided in this presentation is for illustrative purposes only and is not represented as being indicative of Yancoal's views on its future financial
condition and/or performance. Investors should note that Watagan Mining Company Pty Ltd ("Watagan") (which owns the Ashton, Austar and Donaldson mines) was wholly-
owned but not controlled by Yancoal under applicable accounting standards, and not consolidated by Yancoal from 31 March 2016 up to and including 16 December 2020;
Yancoal deconsolidated the financial results of Watagan as a subsidiary from its consolidated financial statements during this period. Investors should be aware that certain
financial measures included in this presentation are 'non-IFRS financial information' under ASIC Regulatory Guide 230: 'Disclosing non-IFRS financial information' published by
ASIC, and are not recognised under Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The non-IFRS financial information/non-
GAAP financial measures include EBITDA, net debt and others. Such non-IFRS financial information/non-GAAP financial measures do not have a standardised meaning
prescribed by AAS or IFRS. Therefore, the non-IFRS financial information may not be comparable to similarly titled measures presented by other entities, and should not be
construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although Yancoal believes these non-IFRS financial measures provide
useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS
financial information/non-GAAP financial measures included in this presentation.
Effect of rounding - A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding.
Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation.
Use of currency - All financial numbers presented are stated in Australian dollars (A$ or $) unless otherwise stated.
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