Australia Coal and Laos Power: Operational and Financial Summary slide image

Australia Coal and Laos Power: Operational and Financial Summary

China coal: operational summary CHINA COAL 2015 PRODUCTION Gaohe (45%), Shanxi 10 Mt BEIJING OPERATIONAL UPDATES Gaohe BANPU 4Q15 production increased from 3Q15 due to new railway spur put into operation which could transport more coal to the outside Shanxi market and lowering coal price to meet the market. Selling price declined due to weak market demand and depressed macro economic situation in China. POWER Operation O Project COAL ▲ Operation ▲ Project Summary Hebi (40%), Henan Sales (Mt) 1Q15 1.6 2Q15 3Q15 4Q15 2.2 1.9 2.2 ASP (US$/t) 65 55 49 41 Revenue (US$ M) *** 94 107 87 91 1.45 Mt COGS (US$/t) 45 39 40 42 EBITDA (US$ M) 44 44 9 12 Hebi IQ15-1Q16 COAL OUTPUT (Mt ROM) 2.4 2.7 2.4 2.1 1.9 0.3 0.3 0.3 0.3 0.3 1Q15 2Q15 3Q15 4Q15 1Q16E Gaohe 1Q15 2Q15 3Q15 4Q15 1Q16E Hebi ** CV: 5300-6800 Kcal/kg* ** CV: 6500-8000 Kcal/kg* * Note: Output figures are ROM output (100% basis) ** CV figures are air-dried basis *** Exchange rate of 4Q15 is RMB 6.47/USD ☐ Underground working area improvements: enhance dust control system water spraying systems at working faces and conveyor load out places. ■ Cost reductions: HZTM continues to reduce cost in 2016, reducing working days for non-essential operations staff, including support functions and surface staffs. 25 55
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