Investor Presentaiton

12 0 Million tonnes 50 50 100 150 200 250 A substantial supply gap is also expected for HCC Global supply/demand for HCC will impact economic development and the energy transition 300 2023 2024 2025 2026 2027 2028 2029 Supply Demand Source: Commodity Insights 2023 entire HCC complex including Hard, Semi Hard, SSCC & PCI global seaborne supply. 2033 2034 2035 2036 2037 2038 2039 2040 74Mt • Metallurgical coal is essential for the global energy transition plan as well as developing countries' infrastructure growth The structural shortfall in HCC production is a result of continued underinvestment in assets Winchester South and Vickery are needed to supply future met coal demand

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