Whitehaven Coal (ASX:WHC): FY16 Results Presentation

Company Presentations

by Carolyn Herbert

It has been a significant year for Whitehaven Coal. Everything we said we would do throughout the course of the year, we have delivered. It's been a well rounded performance for the company as a whole and there has been a strong team-driven outcome for the benefit of our shareholders.

Our saleable coal production is now over 20 million tonnes, that has certainly been a big step up on the past and a massive achievement from all of the pits and teams involved. Our record equity coal sales of 15.4 million tonnes were very good and up 42 per cent.

Cash flow has been strong, EBITDA performance is 72 per cent up to $224.1 million, a big improvement on last year. Our cost reduction focus has yielded another steep change in our cost base of $56 down $5 from last year.

We have also continued that pathway of profitability recording $20.5 million of net profit for the year.  

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