Yancoal Australia Ltd. · ASX:YAL
Yancoal Australia — Shareholder Meeting (May 2021)
29 slides from Yancoal Australia's shareholder meeting presentation, May 28, 2021
Slide 1: Overseas Regulatory Announcement
Australian Securities Exchange, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss ho
Slide 2: ASX Release: 2021 Annual General Meeting Address and Presentation
YANCOAL AUSTRALIA LTD ADDRESS: Tower 2, 201 Sussex Street Sydney NSW 2000 PHONE: 61 2 8583 5300 FAX: 61 2 8583 5399 WEBSITE: www.yancoal.com.au 28 MAY 2021 ASX Release: 2021 Annual General Meeting Address and Presentation In accordance with ASX Listing Rule 3.13, this release provides the address to
Slide 3: Annual General Meeting address: welcome and introductions
Yancoal Australia Ltd Annual General Meeting 11:00am (AEST), 9:00am (HKT) on Friday 28 May 2021 The Pavillion, 201 Sussex Street, Sydney, NSW 2000, Australia [SLIDE 2 – 2021 AGM] Welcome to the 2021 Annual General Meeting of Yancoal Australia. My name is Greg Fletcher. I am the Co-Vice Chairman and
Slide 4: Webcast and 2020 Review address
Today’s meeting can be observed online via the Lumi platform; this allows shareholders, proxy holders and guests to observe the meeting virtually. In addition shareholders and proxy holders can submit questions in real-time. If you have joined us through the Lumi platform, you can start submitting y
Slide 5: Address: health and safety, coal markets
[SLIDE 9] The health and wellbeing of all our employees is of vital importance to Yancoal. The work practices and measures we implemented to mitigate COVID-19 related risks, I am pleased to say, have proven successful with minimal disruption to the organisation. We remain vigilant to the continued r
Slide 6: Address: net debt, 2021 outlook and voting instructions
Consequently, the net debt and gearing ratio have increased, but these metrics are still more robust than during the prior low in the coal price cycle five years ago. [SLIDE 14] In 2021, even though rain and flooding impacted our NSW production during the first quarter, Yancoal aims to marginally in
Slide 7: Items of business and voting address
All those against, please raise your blue attendance card. [Pause to count cards] [RESULT] The notice is taken to be read. Thank you. Item 1 is the receipt and consideration of the Company's Financial Report for the year ended 31 December 2020. I will take those reports as read. A representative of
Slide 8: Q&A session, proxy results and conduct of poll
[SLIDE 17 – Q&A Session] We will now take questions from shareholders on any matters relevant to the business of the meeting. Both the questions and the responses will be repeated in Mandarin for the benefit of Hong Kong Stock Exchange shareholders. Would any speakers from the floor please raise the
Slide 9: Meeting close
The results of the poll will be announced to the ASX and HKEx later today. [Slide 20 – Meeting Close] Having completed all items on the agenda, I now announce the formal proceedings of today’s Annual General Meeting closed. I want to thank those in attendance today and call an end to today’s Annual
Slide 10: Yancoal Australia Ltd 2021 Annual General Meeting
Yancoal Australia Ltd 2021 Annual General Meeting 128 May 2021
Slide 11: Presenters
2020 AGM – Yancoal Australia Ltd • Mr Gregory Fletcher, Co-Vice Chairman Independent Non-Executive Director • Mr David Moult, Chief Executive Officer 2 27 28 May May 2021 2021 2
Slide 12: Important Notice and Disclaimer
Important Notice and Disclaimer Acceptance - This presentation is issued by Yancoal Australia Ltd ABN 82 111 859 119 (“Yancoal”). By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer. Summary of information - T
Slide 13: Important Notice and Disclaimer
Important Notice and Disclaimer Effect of rounding - A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this
Slide 14: Webcast instructions
Webcast instructions Lumi supported webcast Instructions to access the webcast are available from the Yancoal website: https://www.yancoal.com.au/page/en/investors/ annual-general-meeting/ Once logged in use the ‘Broadcast’ icon to view proceedings. Use the ‘Home page’ icon to view meeting inf
Slide 15: Yancoal's Strategy
Yancoal’s Strategy • Our portfolio of tier-one assets, underpin Yancoal’s capacity to operate through the coal price cycle. • Disciplined capital allocation sustains the operations and the balance sheet through periods of lower coal prices. • Periods of stronger cash-flow allow funding for acquisiti
Slide 16: Yancoal's 2020 Contributions
Yancoal’s 2020 Contributions Our direct and indirect economic contribution Government tax contributions Community support program contributions 7 27 28 May May 2021 2021 7
Slide 17: 2020 Review - Highlights
2020 Review - Highlights Effective COVID-19 response and Sustained safety performance $3.47 billion Revenue 7.4 TRIFR 38.3Mt Attributable Saleable $748 million Operating EBITDA Production & operating margin of 21% A$59/tonne Operating Cash Cost $1.04 billion Net loss after tax Additional 10% stake i
Slide 18: 2020 Review - Safety
2020 Review - Safety YAL SITES 12-mth Rolling TRIFR & LTIFR • Rapid and successful 12 Month Rolling TRIFR Weighted Industry Benchmark TRIFR 12 Month Rolling LTIFR implementation of a COVID 12 response plan. 10 • No COVID cases, and minimal 8 operational impacts at sites. 6 • Met the additional chall
Slide 19: 2020 Review – Coal markets
2020 Review – Coal markets Thermal coal benchmarks (US$/t), Metallurgical coal benchmarks (US$/t), YAL Average thermal coal sale price (US$/t)* YAL Average met. coal sale price (US$/t)* 120 150 100 125 80 100 60 75 40 50 GlobalCoal NEWC 6,000kCal, US$/t Platts Low Vol PCI FOB Aust., US$/t 20 25 Argu
Slide 20: 2020 Review - Operations
2020 Review - Operations Production Operating costs and implied margin Million tonnes (1) A$/tonne (2) Total - Attributable Non-attributable Implied operating cash margin Royalty Cash operating costs 150 60 50 16.5 13.5 17.1 100 57 40 41 38 30 9 17 13.0 20 50 38.2 35.6 7.8 32.9 65 64 65 64 59 10 18.
Slide 21: 2020 Review – Revenue and EBITDA
2020 Review – Revenue and EBITDA Realised price and Revenue EBITDA and Margin A$ million | A$/tonne (1) A$ million | % (1) Revenue Average selling price, A$/t Operating EBITDA EBITDA Margin 7,000 132 140 3,000 45% 6,000 114 120 111 2,500 38% 36% 5,000 100 2,000 80 82 4,000 80 1,500 21% 3,000 60 1,00
Slide 22: 2020 Review – Loss and Financial position
2020 Review – Loss and Financial position Net profit / (loss) Net debt and Gearing A$ million (1) A$ million | % (1) One-off items Net debt, A$ mn Profit / (Loss) after tax excluding one-off items Gearing ratio, % Profit / (Loss) after tax 1,000 852 5,000 719 78% 4,500 500 4,000 229 892 662 3,500 16
Slide 23: 2021 Guidance
2021 Guidance Original 2020 Guidance component 2020 Outcome 2021 Guidance Guidance Attributable saleable Around Around coal production 38 million tonnes 38.3 million tonnes 39 million tonnes Attributable cash operating cost Around $63/tonne $59/tonne $60 to 62/tonne (excl. government royalties) 1 At
Slide 24: Voting Instructions
Voting Instructions Voting procedure Conducting polls YELLOW indicates a non-voting For each poll please record your shareholder vote by placing a mark in the appropriate “for” or “against” box on your card. WHITE indicates a visitor, also non-voting The cards will be collected by representa
Slide 25: Items of business
Items of business Items 1. Financial Statements and Reports 6. General mandate to issue shares 2 (a) – 2 (c). Re-election Directors 7. General mandate to repurchase shares 3. Remuneration Report 8. Extension of general mandate to add the number of repurchased shares 4. Issue of rights 9. Re-insertio
Slide 26: Question & Answer
Question & Answer Webcast attendee question process • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and the press the send arrow. • Your question will be sent immediately
Slide 27: Proxy results
Proxy results Valid securities voted: 6.54% Item For Against Open-Usable Abstain 2(a) 86,152,245 99.78% 120,750 0.14% 71,768 0.08% 23,869 n/a 2(b) 86,240,248 99.88% 32,747 0.04% 71,768 0.08% 23,869 n/a 2(c) 86,242,338 99.88% 30,650 0.04% 71,768 0.08% 23,876 n/a 3 86,125,680 99.77% 130,698 0.15% 71,7
Slide 28: Conduct of Poll
Conduct of Poll Resolutions to be decided by poll 19 27 28 May May 2021 2021 19
Slide 29: Meeting close
Meeting close Thank you for your attendance 20 27 28 May May 2021 2021 20