https://www.asx.com.au/asxpdf/20200226/pdf/44fgn1l8sxrlkx.pdf

Half Year Results December 2019

26th February 2020

STRONG OPERATING RESULTS UNDERPINS 26% INCREASE IN H1 NET PROFIT

Outlook

  • The Company maintains its production guidance for FY20 of 2.35Mt.

  • Underlying FOB Cost guidance for FY20 is $107/t (excluding state royalties), an increase from $106/t in H1FY20.

  • Whilst the Company sells the majority of its coal into Japan, Korea, India and Europe under term contracts, it is continuing to develop new customers and markets.

  • The Company is targeting a dividend payout ratio of between 20% to 30% of Net Profit After Tax subject to the prevailing market conditions at the time any dividend is declared.
Appendix 4D & Interim Financial Report December 2019

Appendix 4D & Interim Financial Report December 2019

26th February 2020

Highlights for the half-year ending 31 December 2019 include:

  • Half-year net profit after tax of $26.910m a 26% ($5.632m) increase from the prior year corresponding period.
  • Underlying EBITDA of $50.126m (non-IFRS measure) a 20% ($8.508m) increase from the prior year corresponding period.
  • Cash generation from operations was $18.911m.
  • Cash of $71.379m at 31 December 2019.
  • Increase in sales of product coal to 1,219kt in H1FY20 from 882kt in H1FY19.
  • Acquisition of a 600tonne excavator with OEM finance.
  • Completion of 58 hectares of rehabilitation at Isaac Plains.
  • Isaac Downs EIS submitted, meeting consenting timetable.
  • Payment of a final FY19 fully franked 8 cps dividend on 31 October 2019.
December 2019 Quarterly Production Report

December 2019 Quarterly Production Report

14th January 2020

Highlights

  • No recordable injuries across Stanmore’s sites in the quarter
  • Strong quarter of coal mining with 864kt ROM mined and 609kt saleable coal produced
  • December quarter sales of 497kt impacted by co-shipper coal availability, impacting half-year results
  • Half year underlying EBITDA guidance revised to $50m - $52m, from $53m to $56m
  • Full year cost guidance revised up to A$107/t, (ex. royalty) with production guidance on track at 2.35Mt saleable coal produced
  • New 600 tonne excavator successfully assembled and commissioned at Isaac Plains
  • Continued strong commitment to rehabilitation with 72 hectares topsoiled and seeded at Isaac Plains and significant upgrades completed to the site water management system
  • Stanmore commences work on Bankable Feasibility Study for Isaac Downs
Longer term job security after plans lodged to expand Bowen Basin coal mine

Longer term job security after plans lodged to expand Bowen Basin coal mine

Courier Mail / Townsville Bulletin
6th January 2020

CHRIS LEES, Townsville Bulletin
January 6, 2020 7:12am

Stanmore Coal has submitted an application to the Department of Environment and Energy to expand its Isaac Plains Complex Mine, near Moranbah.

The complex is made up of the original Isaac Plains Mine and Isaac Plains East mining areas.

Stanmore is planning to extend the Isaac Plains East mining area.

In its application Stanmore said the extension of the open cut pits would provide access to an additional 8.2 million tonnes of coking coal.
Community grant applications open 1 January 2020

Community grant applications open 1 January 2020

2nd January 2020

Stanmore Coal | Isaac Plains community grant program

Stanmore Coal is proud to be part of the community, and to make a significant contribution to the Isaac region’s economic and community life as an employer and coal exporter. We support our employees to live locally, and are committed to our environmental and social responsibilities as a mine owner.

As part of our regional involvement, the Stanmore Coal Isaac Plains Community Grant Program provides up to $5,000 funding for local projects, initiatives and events that make a real difference to community wellbeing, and make our community a great place to live.

Applications for the next round of Stanmore Coal Isaac Plains Community Grant Program will reopen on 1 January 2020.

All company announcements can be found on the ASX website at www.asx.com.au.