December 2018 Half Year Results Accounts & Appendix 4D

December 2018 Half Year Results Accounts & Appendix 4D

12th February 2019

Stanmore Coal Ltd reports a profit after tax of $21.278m for the half year ended 31 December 2018.  The results include the following financial highlights:

  • Revenue increase to $148.284m
    (79.1% increase pcp)
  • Gross margin 48.1% (33.7% in pcp)
  • Underlying EBITDA up to $41.618m and in line with guidance for the half year and on track to meet guidance for FY19 year of Underlying EBITDA of $140m to $155m
  • Investing activities of $33.541m
    ($5.921m at June 18)
  • Interim fully franked dividend declared of
    3 cps

 
December 2018 Half Year Results Announcement

December 2018 Half Year Results Announcement

12th February 2019

Stanmore’s Isaac Plains complex continued to perform well during the half year and is set up for a strong second half. The operational highlights were:

  • In December 2018 the Dragline relocated from the Isaac Plains Mine to the new Isaac Plains East Mine which has a lower strip ratio compared to the Isaac Plains Mine resulting in a significant reduction in waste removal costs
  • Record open cut ROM production of 1,298kt (81.8% increase pcp)
  • Record coal production of 978kt
    (91.0% increase pcp)
  • Record coal sales of 882kt
    (48.5% increase pcp)
  • 176kt of product stockpiles at the end of the period due to port congestion which will enable strong sales and cash conversion in the second half of financial year 2019 as port queues return to more normal levels
  • Underlying FOB costs of $104/t1 (excluding state royalties of $15/t) (16.8% increase pcp)
Business Update Roadshow February 2019

Business Update Roadshow February 2019

6th February 2019

Operations:
Isaac Plains operational in 2016 at 1.2Mt rate; Expansion with Isaac Plains East completed 2018 taking production to 2.15Mt product FY19

Infrastructure / Equipment:
100% owned Coal handling and preparation plant / Rail loop and infrastructure areas with 3.5Mt Run Of Mine capacity; Mining operations contracted

Development / Projects:
Isaac Downs acquired in 2018. Consenting and approvals underway; Majority semi-soft coking coal currently, migrating into semi-hard coking coal; Isaac Plains South in exploration phase

Region:
Multi–operation region; Incremental capacity increases available leading to a “combined effect’ in value; SMR footprint with a track record of sourcing, development, operating and rehabilitating

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