Investor Presentaiton

FY23 external factors impacting Whitehaven 13 Supply & demand factors • HCV coal in high demand for baseload supply through energy transition HCV trade flow changes reflect impact of Russian coal sanctions Increasing diversification of WHC markets for HCV thermal coal Metallurgical market volatility supported switching of our SSCC products to thermal sales Record gC NEWC prices • • • WHC's achieved thermal coal price of US$305/t (+1% to gC NEWC average of US$302/t) WHC's overall average achieved coal prices of A$445/t for FY23 Strong price support due to supply/demand imbalance and weather- related supply disruptions Maximised thermal coal sales in FY23 to optimise price realisation Weather events Severe weather / flooding impacted our assets in H1 with lingering affects in H2 Access cut off to WHC's open cut operations with site access cut off for 24 days at Maules Creek, 17 days at Tarrawonga and 36 days for coal haulage to CHPP Weather impacts were industry wide, with total Port of Newcastle exports down 15% in FY23 to 132Mt Labour constraints and cost inflation • • • Ongoing labour constraints in a competitive environment and absenteeism is an industry pain point Strategic measures, including incentives, to attract and retain staff are delivering improvements Higher unit costs due to inflationary impacts across the business as well as lower volumes

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