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Whitehaven Coal

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Whitehaven Coal Company Research Report



Company Overview


Name and Mission


  • Company Name: Whitehaven Coal

  • Mission: To support and sustain regional communities by exporting high-quality thermal and metallurgical coal from Australia to the world.


Foundation and Founders


  • Founded: No information is available

  • Founders: No information is available


Key People


  • Chairman: The Hon. Mark Vaile AO

  • Managing Director: Paul Flynn, BComm, FCA

  • Non-Executive Directors: Nicole Brook, BE (Mining)(Hons), MBA, FAusIMM; Wallis Graham, BA Economics (Applied Mathematics), GAICD; Tony Mason, BA, DipFinMgt, DipAppFinInv, CPA, MAICD, F Fin; Mick McCormack, MBA, BASc, GradDipEng FAICD; Fiona Robertson AM, MA (Oxon), FAICD, MAusIMM; Raymond Zage, BSc Finance


Headquarters and Employee Information


  • Headquarters: Sydney, NSW, Australia

  • Number of Employees: 1,001-5,000


Revenue


  • No information is available


Company Reputation


  • Known For: Leading Australian coal producer with a focus on high-efficiency, low-emission coal, and contributing to economic resilience in regional Australia.


Products


Product Offerings


  • Coal Types: Thermal coal and metallurgical coal.


High-Level Description


Whitehaven Coal produces high-quality coal that is highly sought for use in high-efficiency, low-emissions coal-fired power stations and steel making.

Key Features


  • Thermal Coal: High-energy, low-ash, low-sulphur characteristics.

  • Metallurgical Coal: Critical component in steel making, shifting towards a 70/30 revenue split between metallurgical and thermal coal post-acquisition of Blackwater and Daunia mines.


Recent Developments


Significant Acquisitions


  • Blackwater and Daunia: Completed the acquisition of 100% of Blackwater and Daunia metallurgical coal mines in Queensland’s Bowen Basin on 2 April 2024. This acquisition will significantly diversify Whitehaven Coal's portfolio, focusing on metallurgical coal.


Awards


  • Exceptional Woman Award 2024: Keryn Zambrowski, Senior Manager - Investor Relations, won this award at the NSW Minerals Council’s Women in Mining Awards.


Community and Environment Contributions


  • Gunnedah Koala Sanctuary: Contributed $2 million towards the development of a Koala Sanctuary in Gunnedah, reinforcing the area’s status as the ‘Koala Capital of the World’.

  • Partnerships: Continuous focus on Indigenous and regional community empowerment through targeted funding and initiatives.


New Partnerships and Initiatives


  • Clontarf Foundation: Continued partnership including a $120,000 commitment over three years to support academies in Narrabri, Quirindi, and recently opened Gunnedah Academy.

  • VIVA Energy Partnership: Contributed $30,000 towards infrastructure projects in the Walhallow Community.


Events and Conferences


  • Safehaven Conference 2023: Best attended in its 9-year history with over 250 participants. Focused on safety, leadership, and mental fitness.

  • Community Open Days: Including a well-attended event at Boggabri Showground and Werris Creek.


Financial Performance


  • FY24 Financial Results:

  • Revenue: $3.8 billion.

  • Underlying EBITDA: $1.4 billion.

  • Final Dividend: 13 cents per share; full-year dividend of 20 cents per share, fully franked.

  • TRIFR (Total Recordable Injury Frequency Rate): Improved 30% with a rate of 3.3 for NSW operations.


Strategic Focus and Vision


Vision


  • To be the benchmark coal investment on the ASX.


Strategic Objectives


  • Portfolio Growth: Increase presence in metallurgical coal.

  • Sustainability: Embed sustainability in every aspect of operations.

  • Community Engagement: Maintain strong local community relations and investments.

  • Employee and Leadership Development: Invest in employee safety, training, and diversity initiatives.