Whitehaven Coal Limited · ASX:WHC
Whitehaven Coal — Shareholder Meeting (November 2026)
20 slides from Whitehaven Coal's shareholder meeting presentation, November 2026
Slide 1: 2026 Annual General Meeting – Addresses and Presentation
ASX Announcement For personal use only 5 November 2026 2026 Annual General Meeting – Addresses and Presentation Attached are the following which will be delivered at the Company’s Annual General Meeting being held today at 10:00am (Sydney time): • Chairman’s address • Managing Director & CEO’s addre
Slide 2: Chairman's Address
Addresses to the Whitehaven Annual General Meeting For personal use only 5 November 2026 Chairman’s Address The Hon. Mark Vaile AO Ladies and Gentlemen, I begin by acknowledging the Traditional Owners of the land on which we meet, the Gadigal people of the Eora Nation, and pay my respects to their E
Slide 3: Chairman's Address: Delivering value for shareholders
products play in supporting global economic development and energy security, including throughout the transition to a lower-emissions future. Delivering value for shareholders In FY26, while coal prices remained well below recent highs, Whitehaven generated revenue of $5.4 billion, For personal use
Slide 4: Chairman's Address: Supply outlook and governance
Commodity Insights, an external forecasting group, expects supply shortfalls of 162 million tonnes per annum in the seaborne metallurgical coal market by 2050 and 118 million tonnes per annum in the high-CV seaborne thermal coal market. These structural shortfalls reflect mines reaching the end of t
Slide 5: Managing Director and CEO's Address
Managing Director and Chief Executive Officer’s Address Paul Flynn Delivering through the cycle For personal use only Thank you Chairman, and thank you to our shareholders for joining us at Whitehaven's Annual General Meeting. FY26 was a year in which Whitehaven demonstrated the strength and quality
Slide 6: CEO's Address: Costs and operations
These improvements to our cost base, combined with a higher proportion of lower-cost volumes from New South operations, contributed to a reduction in our unit cost of coal from $139 per tonne in FY25 to $132 per tonne in FY26. This was achieved despite ongoing inflationary pressures and a significan
Slide 7: FY27 outlook and beyond
The timing of final investment decisions will continue to reflect market conditions, capital allocation priorities and our disciplined approach to investment. We will commit capital only where the returns are compelling and our investment hurdles are met. For personal use only FY27 outlook and beyon
Slide 8: Closing
Closing In closing, FY26 was a reminder that cycles, volatility and unforeseen events are an inherent part of the world we live in, and its effects on our industry. It was also a reminder of the quality of our people and their ability to deliver outstanding outcomes in challenging conditions. For pe
Slide 9: 2026 Annual General Meeting
rsonal use only 2026 Annual General Meeting 5 November 2026 Whitehaven Coal Limited ABN 68 124 425 396 P +61 2 8222 1100 F +61 2 8222 1101 Level 28, 259 George Street, Sydney NSW 2000 PO Box R1113, Royal Exchange
Slide 10: Chairman's Address
rsonal use only Chairman’s Address The Hon. Mark Vaile AO Chairman, Whitehaven 2
Slide 11: Strong safety and environmental performance
Strong safety and environmental performance TRIFR of 3.3 in FY26 was a record for Whitehaven’s expanded business Total Recordable Injury Frequency Rate (TRIFR) rsonal use only - employees and contractors 3.3 Combined data for Whitehaven operations and BMA owned Daunia and Blackwater operations White
Slide 12: Robust FY26 financial results and shareholder returns
Robust FY26 financial results and shareholder returns delivered at the bottom of the cycle Financial results rsonal use only $5.4b $1.3b $227m $1.1b Revenue1 Underlying EBITDA1 Underlying net profit Cash generated from 57% metallurgical coal and $677m EBITDA from QLD, and after tax (NPAT) operations
Slide 13: Significantly improved shareholder value per share
Significantly improved shareholder value per share Whitehaven’s sales tonnes per share and EBITDA per share have grown by more than 2.5x even at cyclical lows Equity sales (tonnes) / share1 EBITDA3 ($) / share rsonal use only Post acquisition Excluding Post acquisition Pre-acquisition (higher margin
Slide 14: Capital allocation framework
Capital allocation framework Whitehaven's capital allocation framework is designed to deliver shareholder value Operating cashflows rsonal use only 1 2 3 Deliver returns to shareholders Maintain and optimise operations Maintain balance sheet strength Dividends Buy-backs Prudently allocate capital to
Slide 15: Managing Director and CEO's Address
rsonal use only Managing Director and CEO’s Address Paul Flynn Managing Director and CEO, Whitehaven 7
Slide 16: Cost discipline and solid operational performance
Cost discipline and solid operational performance supported FY26 results Cost focus rsonal use only $65m $132/t ~340m litres $50-55m p.a. Annualised operational cost Unit cost of coal of diesel consumed p.a. of savings from lower interest savings from QLD and NSW down from $139/t in FY25 with higher
Slide 17: Contributing to our communities – FY26 overview
Contributing to our communities – FY26 overview rsonal use only 10% 21.1% 4:1 414 ha of employees identify female employees in our business ratio of land managed of land rehabilitated across as Indigenous compared to 21.7% in FY25 for biodiversity compared with NSW and QLD in FY26 land disturbed for
Slide 18: Coal prices are recovering from cyclical lows
Coal prices are recovering from cyclical lows, and underlying demand for Whitehaven’s products remains strong Coal prices are strengthening in FY27, while adverse FX movements persist rsonal use only Met coal Thermal coal PLV HCC1 (US$/t) gC NEWC1 (US$/t) FY24 FY25 FY26 FY27 360 180 320 160 280 140
Slide 19: FY27 guidance
FY27 guidance FY26 actual FY27 guidance Focus areas rsonal use only Managed ROM Coal Production, Mt • Continuous improvement in safety & environmental GROUP 40.3 38.0 – 41.0 • Maintain a disciplined cost management focus QLD 20.1 18.8 – 20.3 across all areas of the business NSW 20.2 19.2 – 20.7 • St
Slide 20: rsonal use only
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