New Hope Corporation Limited · ASX:NHC
New Hope — Shareholder Meeting (November 2024)
25 slides from New Hope's shareholder meeting presentation, Nov 21, 2024
Slide 1: 2024 Annual General Meeting Addresses and Presentation
ASX Release – 21 November 2024 2024 Annual General Meeting Addresses and Presentation Chairman and CEO Addresses and Presentation New Hope Corporation Limited (ASX:NHC) (Company) advises in accordance with ASX Listing Rule 3.13.3 that the following will be delivered at the Company’s Annual General M
Slide 2: Chairman's Address
Chairman’s Address New Hope Corporation Limited 2024 Annual General Meeting, Thursday 21 November 2024 As Chair of the Board of Directors of New Hope Corporation Limited, it is my pleasure to present this address to shareholders on New Hope’s performance in the 2024 financial year. On behalf of the
Slide 3: Chairman's Address (continued)
expect sustained demand for high-energy thermal coal production from low-cost Australian operations like our Bengalla and New Acland mines. Importantly, we believe companies that responsibly manage impacts on people, communities and the environment are the most suitable operators to continue to prod
Slide 4: Chairman's Address: New Acland and Bengalla
Queensland, prolonging uncertainty and pressure for those in the region supported by the mine’s operation. The licence was properly granted by the Queensland Government following a robust assessment and review against relevant considerations including environmental, social and economic impacts for t
Slide 5: Chairman's Address: Director re-election
ASX Corporate Governance Principles and Recommendations and determined that Ian’s length of tenure alone is not enough to compromise his independence, although some proxy advisors appear to take that view. As detailed in the Notice of Meeting, Ian brings an appropriate mix of skills, breadth and dep
Slide 6: CEO's Address
CEO’s Address New Hope Corporation Limited 2024 Annual General Meeting, Thursday 21 November 2024 It is my privilege to welcome you and present this address on the performance of the Company for the 2024 financial year. The 2024 financial year was a very positive year for New Hope, demonstrated by o
Slide 7: CEO's Address: Bengalla Mine
Bengalla Mine At our Bengalla Mine, saleable coal production of 8.0 million tonnes was achieved during the 2024 financial year, 11% higher than the previous year. Bengalla's FOB unit cash cost excluding state royalties for the 2024 period was A$77.8 per sales tonne, which was comfortably within our
Slide 8: Associated Water Licence challenge and strategic growth
Associated Water Licence challenge We remain subject to Oakey Coal Action Alliance’s appeal of the Queensland Government’s decision to grant New Acland’s Associated Water Licence. Pre-trial steps continue and we await the Land Court of Queensland to set a date for the hearing of the appeal. For our
Slide 9: CEO's Address: Outlook, people, communities and environment
This demand outlook, coupled with a supply shortfall due to chronic underinvestment in new projects and the ageing of existing thermal coal assets, is expected to result in thermal coal pricing remaining above historical averages over the medium to long term. This indicates a positive outlook to con
Slide 10: CEO's Address: Pumped hydro project and sustainability
This year we also advanced investigations into a pumped hydro complex with on-site solar and wind on land near New Acland Mine, to operate alongside and after mining operations. This project is within the Southern Queensland Renewable Energy Zone and has similarities to the types of pumped-hydro pro
Slide 11: Annual General Meeting 2024
For personal use only New Hope Corporation Limited Annual General Meeting 2024 Thursday 21 November 2024, 12.00PM (AEDT) Muswellbrook RSL Club
Slide 12: Board of Directors and Executive Management
Board of Directors Robert Millner AO Chairman Executive Management Ian Williams For personal use only Non-Executive Director and Rob Bishop Audit and Risk Committee Chair Chief Executive Officer Jacqui McGill AO Rebecca Rinaldi Non-Executive Director and Chief Financial Officer Sustainability Commit
Slide 13: Chairman's Address
For personal use only Chairman's Address Robert Millner AO 3
Slide 14: Financial highlights for the 2024 financial year
Financial highlights for the 2024 financial year For personal use only NPAT Underlying EBITDA1 ROM coal production $476M $860M 12.3Mt 56% decrease 51% decrease 32% increase Full year declared dividend Cash flow from operations Saleable coal production 39c $562M 9.1Mt Per share 63% decrease 26% incre
Slide 15: Director re-elections
Director re-elections Ian Williams Tom Millner • Extensive expertise in legal, risk and • Extensive experience in mergers and For personal use only regulatory matters acquisitions, equity capital and • Proven knowledge and experience with investment markets and capital Japan-Australia business and i
Slide 16: CEO's Address
For personal use only CEO’s Address Rob Bishop 6
Slide 17: The safety of our people is a key priority
The safety of our people is a key priority, which we continuously seek to improve All Injury Frequency Rate (AIFR) 33.7 33.3 For personal use only FY24 incidents and injuries consist of: 32.6 29.7 29.8 30.2 27.1 • Non-critical incidents – majority of all injuries were minor first aid cases • Recorda
Slide 18: Our asset highlights - targeting significant organic production increases
Our asset highlights - targeting significant organic production increases Targeted organic saleable coal production increase (Mt) Bengalla Mine - a strong operational performance For personal use only • Saleable coal production of 8.0Mt1, 11% higher than FY23. • FOB cash cost (ex. state royalties) o
Slide 19: Our financial highlights - cash flow generation and shareholder returns
Our financial highlights – cash flow generation and shareholder returns Cash flow from 1,800 operations - $562M Investing in Bengalla Mine, New Realised price (incl. hedging) For personal use only Acland Mine, AL19 and Malabar $195/t 860 1,600 1,400 Successfully raised convertible 43% decrease notes
Slide 20: Demand for thermal coal set to increasingly outstrip supply
Demand for thermal coal is set to increasingly outstrip supply, indicating a positive outlook to continue responsibly operating our assets Electricity consumption per capita - 2023 Global thermal coal supply and demand For personal use only Bubble size indicates electricity demand 14,000 1,600 Taiwa
Slide 21: Our people, communities and the environment
Our people, communities and the environment Local employment1 Community investment 88% $0.95m For personal use only 23% increase ($0.77m FY23) 86% 128 Bengalla 97% New Acland community groups supported Local procurement Rehabilitation $222.5m 46% spent with suppliers local to Of total disturbed land
Slide 22: Progressing decarbonisation studies at our sites
Progressing decarbonisation studies at our sites Satisfying our obligations under the Safeguard Mechanism For personal use only • The Bengalla Mine is required to progressively reduce Scope 1 greenhouse gas emissions under the Federal Safeguard Mechanism Scheme. • Fugitive emissions capture study co
Slide 23: First quarter results and FY25 guidance
Our first quarter results and FY25 guidance reflect the continued execution of our organic growth plans Highlights – quarter to 31 October 2024 FY25 guidance For personal use only FY25 FY24 Change6 Underlying EBITDA1 Saleable coal production New Hope Group $305m 2.7Mt ROM coal production (‘000t) 15,
Slide 24: Important information about this document
Important information about this document For personal use only The presentation in this document is in summary form only. It should be read together with New Hope Corporation Limited’s (“NHC’s”) other announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.a
Slide 25: For personal use only
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