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Investor Presentaiton

2021 INVESTOR DAY Thermal coal market From a share of just 35% in 1990, Asia currently comprises over 80% of the import market. In 2020, 98% of Australian thermal coal export volume was destined for this region Asia: Thermal (Steam) Coal Import Volume | Share of Global Thermal (Steam) Coal Import Volume1 South East Asia (ex-Indonesia): Coal-Fired Generation Capacity (GW)² 1,000mt 900mt 800mt 700mt 600mt 500mt 400mt 300mt 200mt 35% 100mt Omt 1990 1995 2000 2005 2010 2015 Thermal (Steam) Coal Import Volume [LHS] Share of Global Thermal (Steam) Coal Import Volume [RHS] 100 85% 82% 80 80% 60 75% 40 40 70% 23 23 20 20 51 52 45 42 39 36 28 24 65% 0 2012 2013 2014 2015 2016 2017 2018 60% Planned In Construction New Builds 55% Average Age of Coal-Fired Electricity Capacity³ 50% Typical economic life (40 years)4 45% 40% 35% 13 years 13 years 30% AURIZON. 33 33 13 52 52 www. 2019 2020 2021 Const. Planned Existing Retirements 24 years 19 years 17 years 11 years 42 years 34 years China India 1. International Energy Agency, Coal Information 2020. Thermal (Steam) includes anthracite and bituminous/subbituminous thermal coal 2. S&P Global Market Intelligence World Electric Power Plants Database (March 2021) Japan South Korea Taiwan South Europe East Asia5 North America 3. S&P Global Market Intelligence World Electric Power Plants Database (March 2021) as at 2021, capacity weighted. Countries ordered by absolute capacity (left to right), followed by South East Asia. Europe and North America added for reference only. 4. International Energy Agency, World Energy Investment 2018 12 5. South East Asia (excluding Indonesia)
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