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Investor Presentaiton

• Our coal is efficient when combusted Relative to other coals, less Whitehaven coal is required to produce the same amount of energy The required feed rate for all reference coals to deliver the same power output is higher than that of Whitehaven coal Higher feed rates are required for other coals because of their lower calorific value as well as higher moisture contents (in the case of Indo sub-bituminous coals) resulting in reduced boiler efficiencies The low impurities in Whitehaven coal reduces parasitic loads on air quality systems at power stations Comparative coal feed rates (%) 1 163% 139% 125% 100% 104% 105% 105% 106% 108% WHC (Maules) Australia (HV) Australia Russia Sth Africa Colombia (Surat) Australia Indo (Sub Bit) Indo (LRC) (Galilee) 7 1. Coal feed rates compare typical specifications from multiple origins with Whitehaven's Maules Creek thermal coal. Source: Commodity Insights.
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