Whitehaven Coal (WHC) AGM 2024 summary

Opening remarks and agenda

• Emphasis on strong relationships with local communities and Indigenous groups, and replication of successful engagement models in Queensland.

• 2024 AGM presentation authorised for release by the Board, highlighting a pivotal year for the company.

Financial performance review

• Achieved $3.8b revenue in FY24, with $869m from QLD in Q4.

• Underlying EBITDA reached $1.4b, including $272m from QLD in Q4; FY24 EBITDA was AUD 1.1 billion excluding significant items and Queensland operations.

• Statutory NPAT was $355m after non-recurring costs; underlying NPAT was $740m.

• 24.5 Mt ROM coal production, including 4.8 Mt from QLD in Q4.

• Total shareholder return was 23% for FY24, with a four-year TSR of 555% and three-year TSR of 412%, ranking among the top ASX performers.

Dividend announcements

• Declared a 20.0 cps full year dividend, fully franked.

• Maintained franked dividends within a 20-50% NPAT payout ratio from NSW operations.