Annual Review 2021

FY20 Highlights

 

25.2Mt

ROM Production

17.0Mt

Saleable Production

18.2Mt

Sales Volume

$1,462.3M

Sales Volume

$53.8M

Adjusted EBITDA

($226.5)M

Reported Net (loss) Income after Tax

US$76.5

Operating Costs Per Tonne Sold

US$90.5

Group Realised Metallurgical Coal Price

5.0%

Net debt decrease

25.2Mt

ROM Production

17.0Mt

Saleable Production

18.2Mt

Sales Volume

$1,462.3M

Sales Volume

$53.8M

Adjusted EBITDA

($226.5)M

Reported Net (loss) Income after Tax

US$76.5

Operating Costs Per Tonne Sold

US$90.5

Group Realised Metallurgical Coal Price

5.0%

Net debt decrease

About Coronado

Coronado Global Resources Inc. is one of the world’s largest producers of high-quality metallurgical coal. Through our market-leading expertise, we operate some of the safest, cleanest and lowest cost mines in the industry. Our coals, transformed in the steel making process, support the manufacture of every-day steel-based products and social infrastructure that enrich lives around the world.

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Chairman’s and CEO’s Report

As we drive further efficiency and incremental growth through our mining operations, we are well positioned to take advantage of the opportunities ahead of us.

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Meeting the COVID-19 Challenge

The past year has been defined by a single, historical global crisis. The COVID-19 pandemic has distressed communities across the world, disrupted global markets, and changed the way we interact with one another. The virus has had an impact on every aspect of our business. It not only created disruption and uncertainty, but it also provided us the opportunity to demonstrate our genuine commitment to the health and safety of our employees and their families. We believe the company’s stakeholders will remember how they were treated during COVID-19; that we further built our reputation for being concerned about the well-being of our employees and that we distinguished ourselves among our competitors.

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Managing the Downturn

Legend:

Implemented Initiatives

New Initiatives
Potential Future Initiatives
Completed
Ongoing

Operational Overview

FY20 Performance Summary

For the Year Ended 31 December 2020

1 All References to "EBITDA" means EBITDA adjusted for FX and non-recurring items
2 All volumes are quoted in metric tonnes

Steel Starts Here

Coronado is a leading metallurgical coal producer and trusted supplier to the global steel industry.

Metallurgical coal is an essential ingredient in the production of steel, which is the most utilised metal in the world and an essential material underpinning social and economic growth. Steel’s strength and durability make it critical in the construction of major infrastructure projects, transportation technology, electrical equipment, and everyday household goods such as appliances.

As the world’s population continues to grow and urbanise, steelmakers and their suppliers will play a vital role in providing quality products that support a wide variety of uses well into the future.

Production of Steel

When iron is combined with carbon, recycled steel, and other elements, it is transformed into a much stronger material called Steel which can be 1,000 times stronger than iron.

Wide use of Steel

Steel is essential to modern society and is used in a range of products from rails, roads and vehicles to steel cans. It is used to deliver our food and water and enables energy generation and transmission. Steel is an essential material in the construction of generators and motors for electric vehicles and wind turbines and will play a key role in the transition to a low-carbon environment.

The amount of steel used in the world reached 1.7 billion tonnes in 2019. Steel markets are broadly as follows:

Sustainability of Steel

Steel is 100% recyclable and can be reused infinitely. On average new steel products contain 30% recycled steel. Steel products are durable and last a long time, with the average life span for a steel product being 40 years.


The strength and durability of steel has made it the most important material in our everyday lives.

Its multi-functional nature allows for broad use in everything from major infrastructure projects, to transport including cars and airplanes, and even common household appliances. Steel is also a core component of next generation renewable energy solutions such as solar and wind farms and can also be recycled, making it uniquely sustainable material to be used for generations to come.

Energy consumption per tonne of steel

reduced by 60%

since the 1960s, which has contributed to a significant decrease in CO2 intensity

Steel offers the most economic and the

highest strength to weight ratio

of any building material.

Sustainability

Coronado’s Sustainability Principles

Support the health and wellbeing of our people by maintaining a safe workplace with the ultimate goal of zero harm

Respect our environment by minimising the impact of our business activities and rehabilitating affected landscapes

Be a valued and active member of the local communities in which we operate by delivering economic benefit and engaging in an open and transparent manner.

Build teams of engaged and motivated individuals that understand the positive social and economic relevance of what they do.

Operate fairly and equitably with suppliers and customers and generate superior and sustainable returns for security holders.

Coronado’s Total Economic Contribution1

1 Tax Paid, Salaries and Wages, and Payments to Contractors and Suppliers are provided on a cash basis. Tax Paid excludes GST.

Board of Directors

    William (Bill) Koeck

  • Independent Non-Executive Director and Chair
  • Compensation and Nominating Committee (Chair)
  • Audit Governance & Risk Committee
  • Appointed: 21 September 2018

Greg Pritchard

  • Independent Non-Executive Director
  • Audit Governance and Risk Committee (Chair)
  • Health Safety Environment Community Committee
  • Compensation and Nominating Committee
  • Appointed: 21 September 2018

Garold (Gerry) Spindler

  • Managing Director and CEO
  • Appointed: 21 September 2018

Ernie Thrasher

  • Non-Executive Director
  • Health Safety Environment Community Committee
  • Appointed: 21 September 2018

Philip Christensen

  • Independent Non-Executive Director
  • Health Safety Environment Community Committee (Chair)
  • Audit Governance and Risk Committee
  • Appointed: 21 September 2018

Sir Mick Davis

  • Non-Executive Director
  • Appointed: 25 June 2020