Coronado Global Resources (CRN) investor relations material

Executive summary

• Leadership transition underway with Barry van der Merwe as CEO and Sandeep Deoji as interim CFO, supporting operational and financial momentum.

• Group ROM production rose 18.4% sequentially to 6.4Mt, with saleable production up 39.3% to 4.1Mt, reflecting operational recovery and improved mining conditions.

• Earnings rebounded by approximately $100 million from Q1, returning to positive territory for the first time since Q2 2024.

• The RESET program is central to restoring profitability, cash generation, and reducing debt, with early positive impacts seen in the June quarter.

• Buchanan achieved record half-year ROM production of 4.7Mt (+26.2% YoY), generating ~$60 million in earnings YTD and lowering unit costs.

Financial highlights

• Group EBITDA for the June quarter expected to be about AUD 10 million, a turnaround of approximately AUD 100 million from the March quarter.

• Group mining cash costs declined nearly 28% quarter-on-quarter to approximately US$98 per ton.

• Group realized metallurgical coal pricing increased 3% quarter-on-quarter to $171 per ton.

• Saleable production increased almost 40% quarter-on-quarter to 4.1 million tons.

• Available liquidity at quarter end was approximately US$98 million in cash.

Outlook and guidance

• RESET initiatives to be fully implemented for FY 2027 budget and guidance, with early benefits expected in the remainder of FY 2026.

• Operational momentum expected to continue, with further cost reductions and productivity gains targeted as the reset program progresses.

• Focus remains on maximizing high-margin met coal production, stabilizing operations, and building inventory buffers for system stability.

• Medium-term met coal market outlook remains constructive despite recent price moderation.

• Saleable inventory build in Q2 expected to convert to sales and cash receipts in H2, supporting liquidity and free cash flow.