Coronado Global Resources (CRN) AGM 2024 summary

Opening remarks and agenda

• The meeting was held virtually to increase stockholder participation across multiple countries and included a customary acknowledgment of traditional land owners in Brisbane.

• Deputy Chair Bill Koeck presented opening remarks on behalf of the Executive Chair, setting the stage for the meeting and outlining the agenda, including formal business and strategic updates.

• The board appointed William Koeck as chair due to the Executive Chair's illness and introduced new and existing directors and executive team members.

• The agenda followed requirements of Delaware and U.S. law, with procedures explained for voting and question submission.

Financial performance review

• Achieved group revenue of $2.97 billion in 2023, the second highest annual revenue, with available liquidity of $489 million.

• Maintained a strong balance sheet, with capital investments fully funded from internal cash flow, prioritizing organic growth over acquisitions.

• Record waste movement and higher ROM coal production contributed to solid operational performance.

• Mining cost per tonne sold expected to decrease in FY24, with guidance of $95-99/t compared to $107.6/t in FY23.

• Total economic contribution in 2023 was $2.97 billion, including $630 million in taxes and royalties.

Board and executive committee updates

• Two new independent non-executive directors with extensive industry experience joined the board in September 2023, improving gender diversity.

• Election of Ms. Laura Tyson as Series A Director nominee, and seven director nominees for the board, including key executives and independent directors.

• The board reaffirmed its focus on shareholder value, operational excellence, and prudent capital management.